TCR_Public/110528.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

             Saturday, May 28, 2011, Vol. 15, No. 146

                            Headlines

AMBAC FIN'L: Posts $939,850,558 Net Loss for March
AMBASSADORS INTERNATIONAL: Posts $3.8MM Net Loss in April 2011
AMTRUST FINANCIAL: Ends April 2011 With $6,522 Cash
AMTRUST FINANCIAL: AmTrust Insurance Files April Operating Report
AMTRUST FINANCIAL: AmFin Properties Files April Operating Report

AMTRUST FINANCIAL: AmFin Real Ends April 2011 With $4.7MM Cash
BORDERS GROUP: Incurs $132.2 Million April Net Loss
CATHOLIC CHURCH: Milw. Has $2.08 Mil. in Disbursements in April
FIRSTFED FINANCIAL: Ends April 2011 With $3,423,647 Cash
GREAT ATLANTIC: Posts $9.46 Million Net Loss in February

GREAT ATLANTIC & PACIFIC: Posts $35 Million Net Loss in March
DIGITAL: Posts $50,690 Net Loss in April 2011
RASER TECHNOLOGIES: Files Initial Monthly Operating Report
SHARPER IMAGE: Ends April 2011 With $3,008,212 Cash
SPECIALTY PRODUCTS: Posts $1.3 Million Net Loss in March 2011

SPECIALTY PRODUCTS: Bondex Int'l Posts $57,477 Loss in March 2011
STATION CASINOS: GV Ranch Has $1.88-Mil. March Operating Loss
TOUSA INC: Ends April 2011 With $510.3 Million Cash
VITRO SAB: Vitro America Ends April 2011 With $5.4 Million Cash
WOLVERINE TUBE: Reports $667,646 Net Income in April 2011



                            *********


AMBAC FIN'L: Posts $939,850,558 Net Loss for March
--------------------------------------------------

                   Ambac Financial Group, Inc.
                          Balance Sheet
                     As of March 31, 2011

ASSETS:

Current Assets:
Unrestricted Cash and Equivalents                   $36,083,820
Restricted Cash and Cash Equivalents                  2,500,000
Accounts Receivable                                           -
Notes Receivable                                              -
Inventories                                                   -
Prepaid Expenses                                              -
Professional Retainers                                4,424,348
Other Current Assets                                 23,430,581
                                              -----------------
Total Current Assets                                 66,438,749

Property & Equipment:
Real Property and Improvements                                -
Machinery & Equipment                                         -
Furniture, Fixtures, and Office Equipment                     -
Leasehold Improvements                                        -
Vehicles                                                      -
Less: Accumulated Depreciation                                -
                                              -----------------
Total Property & Equipment                                    -

Other Assets:
Amounts Due From Insiders                               426,514
Other Assets                                    (1,090,163,561)
                                              -----------------
Total Other Assets                              (1,089,737,047)
                                              -----------------
Total Assets                                   ($1,023,298,298)
                                              =================

LIABILITIES AND OWNERS' EQUITY:

Liabilities Not Subject to Compromise (Postpetition)
Accounts Payable                                              -
Taxes Payable                                                 -
Wages Payable                                                 -
Notes Payable                                                 -
Rent/Leases - Building/Equipment                              -
Secured Debt/Adequate Protection Payments                     -
Professional Fees                                   $14,486,676
Amounts Due to Insiders                                 310,673
Other Postpetition Liabilities                           48,493
                                              -----------------
Total Postpetition Liabilities                       14,845,842

Liabilities Subject to Compromise (Prepetition):
Secured Debt                                                  -
Priority Debt                                                 -
Unsecured Debt                                    1,710,138,243
                                              -----------------
Total Prepetition Liabilities                     1,710,138,243

Total Liabilities                                 1,724,984,085

Owners' Equity:
Capital Stock                                         3,080,168
Additional Paid-in Capital                        2,187,593,378
Partners' Capital Account                                     -
Owners' Equity Account                                        -
Retained earnings - prepetition                 (3,896,443,043)
Retained earnings - postpetition                (1,002,327,997)
Adjustments to Owner Equity                        (40,184,889)
Postpetition Contributions                                    -
                                              -----------------
Net Owners' Equity                              (2,748,282,383)
                                              -----------------
Total Liabilities & Owners' Equity             ($1,023,298,298)
                                              =================

                   Ambac Financial Group, Inc.
                     Statement of Operations
              For the month ended March 31, 2011

Gross Revenues                                                -
Less: Returns & Allowances                                    -
                                              -----------------
Net Revenue                                                   -

Cost of Goods Sold:
Beginning Inventory                                           -
Add: Purchases                                                -
    Cost of labor                                             -
    Other costs                                               -
Less: Ending Inventory                                        -
                                              -----------------
Cost of Goods Sold                                            -

Gross Profit                                                  -

Operating Expenses:
Advertising                                                   -
Auto and Truck Expense                                        -
Bad Debts                                                     -
Contributions                                                 -
Employee Benefits Programs                               25,977
Officer/Insider Compensation                            320,933
Insurance                                                     -
Management Fees/Bonuses                                       -
Office Expense                                                -
Pension & profit sharing plans                                -
Repairs & Maintenance                                         -
Rent and Lease Expense                                       97
Salaries/Commissions/Fees                                     -
Supplies                                                      -
Taxes - Payroll                                           1,746
Taxes - Real Estate                                           -
Taxes - Other                                                 -
Travel & Entertainment                                        -
Utilities                                                     -
Other                                                   301,143
                                              -----------------
Total Operating Expenses Before                         649,896
  Depreciation
Depreciation/Depletion/Amortization                           -
                                              -----------------
Net profit(loss) Before Other Income &                (649,896)
  Expenses

Other Income and Expenses:
Other income                                             26,147
Interest Expense                                              -
Other Expense                                       916,891,583
                                              -----------------
Net profit (loss) Before Reorganization Items     (917,515,332)

Reorganization Items:
Professional Fees                                     8,032,859
U.S. Trustee Quarterly Fees                                   -
Interest on Cash from Chapter 11                              -
Gain from Sale of Equipment                                   -
Other Reorganization Expenses                        14,302,367
                                              -----------------
Total Reorganization Expenses                        22,335,226
                                              -----------------
Income Taxes                                                  -
                                              -----------------
Net Profit (Loss)                                ($939,850,558)
                                              =================

                   Ambac Financial Group, Inc.
           Schedule of Cash Receipts and Disbursements
              For the month ended March  31, 2011

Cash Beginning of Month                             $38,609,480

Receipts:
Cash Sales                                                    -
Accounts Receivable - Prepetition                             -
Accounts Receivable - Postpetition                            -
Loans and Advances                                            -
Sale of Assets                                                -
Other                                                   230,261
Transfers                                             7,696,737
                                              -----------------
Total Receipts                                        7,926,998

Disbursements:
Gross Payroll                                            97,277
Sales, Use, & Other Taxes                                     -
Inventory Purchases                                           -
Secured/Rental/Leases                                         -
Insurance                                                     -
Administrative                                                -
Selling                                                       -
Other                                                 2,635,578
Owner Draw                                                    -
Transfers (to DIP Accts.)                             7,696,737
Professional Fees                                             -
U.S. Trustee Quarterly Fees                                   -
Court Costs                                                   -
                                              -----------------
Total Disbursements                                  10,429,593
                                              -----------------
Net Cash Flow                                       (2,502,594)
                                              -----------------
Cash - End of Month                                 $36,106,886
                                              =================

                       About Ambac Financial

Ambac Financial Group, Inc., headquartered in New York City, is a
holding company whose affiliates provided financial guarantees and
financial services to clients in both the public and private
sectors around the world.

Ambac Financial filed a voluntary petition for relief under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No.
10-15973) in Manhattan on Nov. 8, 2010.  Ambac said it will
continue to operate in the ordinary course of business as "debtor-
in-possession" under the jurisdiction of the Bankruptcy Court and
in accordance with the applicable provisions of the Bankruptcy
Code and the orders of the Bankruptcy Court.

Ambac's bond insurance unit, Ambac Assurance Corp., did not file
for bankruptcy.  AAC is being restructured by state regulators in
Wisconsin.  AAC is domiciled in Wisconsin and regulated by the
Office of the Commissioner of Insurance of the State of Wisconsin.
The parent company is not regulated by the OCI.

Ambac's consolidated balance sheet -- which includes non-debtor
Ambac Assurance Corp -- showed $30.05 billion in total assets,
$31.47 billion in total liabilities, and a $1.42 billion
stockholders' deficit, at June 30, 2010.

On an unconsolidated basis, Ambac said in a court filing that
it has assets of ($394.5 million) and total liabilities of
$1.6826 billion as of June 30, 2010.

Bank of New York Mellon Corp., as trustee to seven different types
of notes, is listed as the largest unsecured creditor, with claims
totaling about $1.62 billion.

Peter A. Ivanick, Esq., Allison H. Weiss, Esq., and Todd L.
Padnos, Esq., at Dewey & LeBoeuf LLP, serve as the Debtor's
bankruptcy counsel.  The Blackstone Group LP is the Debtor's
financial advisor.  Kurtzman Carson Consultants LLC is the claims
and notice agent.  KPMG LLP is tax consultant to the Debtor.

Anthony Princi, Esq., Gary S. Lee, Esq., and Brett H. Miller,
Esq., at Morrison & Foerster LLP, in New York, serve as counsel
to the Official Committee of Unsecured Creditors.  Lazard Freres
& Co. LLC is the Committee's financial advisor.


AMBASSADORS INTERNATIONAL: Posts $3.8MM Net Loss in April 2011
--------------------------------------------------------------
On May 20,, 2011, Ambassadors International, Inc., and its U.S.
subsidiaries filed their monthly operating report for the month
ended April 30, 2011, with the U.S. Bankruptcy Court for the
District of Delaware.

The Debtors reported a net loss of $3.8 million on $3.5 million of
net revenue for the month.

At April 30, 2011, the Debtors had $77.9 million in total assets,
$95.7 million in total liabilities, and a stockholders' deficit of
$17.8 million.

A copy of the April 2011 monthly operating report is available at:

                        http://is.gd/Dld6kw

                 About Ambassadors International

Headquarters in Seattle, Washington, Ambassadors International,
Inc. (NASDAQ: AMIE) -- http://www.ambassadors.com/-- operates
Windstar Cruises, a three-ship fleet of luxury yachts that explore
the hidden harbors and secluded coves of the world's most sought-
after destinations.  Carrying 148 to 312 guests, the luxurious
ships of Windstar cruise to nearly 50 nations, calling at 100
ports throughout Europe, the Caribbean and the Americas.

Ambassadors International Inc. and 11 affiliates sought Chapter 11
bankruptcy protection (Bankr. D. Del. Lead Case No. 11-11002) on
April 1, 2011.

Kristopher M. Hansen, Esq.; Sayan Bhattacharyya, Esq.; Marianne
Mortimer, Esq.; and Matthew G. Garofalo, Esq., at Stroock &
Stroock & Lavan LLP, serve as the Debtors' bankruptcy counsel.
Imperial Capital, LLC, is the Debtors' financial advisor.  Phase
Eleven Consultants, LLC, is the Debtors' claims and notice agent.
The Debtors tapped Bifferato Gentilotti LLC as Delaware counsel,
and Richards, Layton & Finger as bankruptcy co-counsel.

The Official Committee of Unsecured Creditors tapped Kelley
Drye & Warren LLP as its counsel, and Lowenstein Sandler PC as its
co-counsel.

The Debtors disclosed $86.4 million in total assets and
$87.3 million in total debts as of Dec. 31, 2010.


AMTRUST FINANCIAL: Ends April 2011 With $6,522 Cash
---------------------------------------------------
AmTrust Financial Corp., nka AmFin Financial Corporation, reported
a net loss of $827,924 on $0 revenue for April 2011.

At April 30, 2011, the Debtor had total assets of $99.9 million,
total postpetition liabilities of $1.1 million, total prepetition
liabilities of $156.9 million, and a stockholders' deficit of
$58.1 million.  The Debtor ended the period with $6,522 in cash,
from $98,243 at March 31, 2011.

A full-text copy of the April 2011 monthly operating report is
available at no charge at:

     http://bankrupt.com/misc/amfinfinancial.april2011mor.pdf

AmTrust Financial Corp., nka AmFin Financial Corporation, reported
a net loss of $688,855 on $0 revenue for March 2011.

At March 31, 2011, the Debtor had total assets of $100.8 million,
total postpetition liabilities of $1.2 million, total prepetition
liabilities of $156.9 million, and a stockholders' deficit of
$57.3 million.  The Debtor ended the period with $98,243 in cash,
from $158,477 at Feb. 28, 2011.

A full-text copy of the March 2011 monthly operating report is
available at no charge at:

     http://bankrupt.com/misc/amfinfinancial.march2011mor.pdf

                       About AmTrust Financial

AmTrust Financial Corp (PINK: AFNL) was the owner of the AmTrust
Bank.  AmTrust was the seventh-largest holder of deposits in South
Florida, with $4.7 billion in deposits and 21 branches.

In November 2008, the Office of Thrift Supervision issued a cease
and desist order requiring AmTrust to improve its capital ratios.

AmTrust Financial, together with affiliates that include AmTrust
Management Inc., filed for Chapter 11 bankruptcy protection
(Bankr. N.D. Ohio Case No. 09-21323) on Nov. 30, 2009.
The debtor subsidiaries include AmFin Real Estate Investments,
Inc., formerly AmTrust Real Estate Investments, Inc. (Case No. 09-
21328).

G. Christopher Meyer, Esq., Christine M. Piepont, Esq., and Sherri
L. Dahl, Esq., at Squire Sanders & Dempsey (US) LLP, in Cleveland,
Ohio; and Stephen D. Lerner, Esq., at Squire Sanders & Dempsey
(US) LLP, in Cincinnati, Ohio, serve as counsel to the Debtors in
the Chapter 11 cases.  Kurtzman Carson Consultants serves as
claims and notice agent.  Attorneys at Hahn Loeser & Parks LLP
serve as counsel to the Official Committee of Unsecured Creditors.

AmTrust Management estimated $100 million to $500 million in
assets and liabilities in its Chapter 11 petition.

AmTrust Bank was not part of the Chapter 11 filings.  On Dec. 4,
2009, AmTrust Bank was closed by regulators and the Federal
Deposit Insurance Corporation was named receiver.  New York
Community Bank, in Westbury, New York, assumed all of the deposits
of AmTrust Bank pursuant to a deal with the FDIC.


AMTRUST FINANCIAL: AmTrust Insurance Files April Operating Report
-----------------------------------------------------------------
AmTrust Insurance Agency Inc., nka AmFin Insurance Agency Inc.,
reported a net loss of $325 on $0 revenue in April 2011.

At April 30, 2011, the Debtor had total assets of $1,753,912,
total postpetition liabilities of $207,944, total prepetition
liabilities of $813,175, and stockholders' equity of $732,794.
The Debtor ended the period with $1,477,318 in cash, compared to
$1,477,537 at the beginning of the period.

A full-text copy of the April 2011 monthly operating report is
available at no charge at:

     http://bankrupt.com/misc/amfininsurance.april2011mor.pdf

AmTrust Insurance Agency Inc., nka AmFin Insurance Agency Inc.,
had no income and expense transactions in March 2011.

At March 31, 2011, the Debtor had total assets of $1,754,131,
total postpetition liabilities of $207,837, total prepetition
liabilities of $813,175, and stockholders' equity of $733,119.
The Debtor ended the period with $1,477,537, compared to
$1,477,052 at the beginning of the period.

A full-text copy of the March 2011 monthly operating report is
available at no charge at:

     http://bankrupt.com/misc/amfininsurance.march2011mor.pdf

                       About AmTrust Financial

AmTrust Financial Corp (PINK: AFNL) was the owner of the AmTrust
Bank.  AmTrust was the seventh-largest holder of deposits in South
Florida, with $4.7 billion in deposits and 21 branches.

In November 2008, the Office of Thrift Supervision issued a cease
and desist order requiring AmTrust to improve its capital ratios.

AmTrust Financial, together with affiliates that include AmTrust
Management Inc., filed for Chapter 11 bankruptcy protection
(Bankr. N.D. Ohio Case No. 09-21323) on Nov. 30, 2009.
The debtor subsidiaries include AmFin Real Estate Investments,
Inc., formerly AmTrust Real Estate Investments, Inc. (Case No. 09-
21328).

G. Christopher Meyer, Esq., Christine M. Piepont, Esq., and Sherri
L. Dahl, Esq., at Squire Sanders & Dempsey (US) LLP, in Cleveland,
Ohio; and Stephen D. Lerner, Esq., at Squire Sanders & Dempsey
(US) LLP, in Cincinnati, Ohio, serve as counsel to the Debtors in
the Chapter 11 cases.  Kurtzman Carson Consultants serves as
claims and notice agent.  Attorneys at Hahn Loeser & Parks LLP
serve as counsel to the Official Committee of Unsecured Creditors.

AmTrust Management estimated $100 million to $500 million in
assets and liabilities in its Chapter 11 petition.

AmTrust Bank was not part of the Chapter 11 filings.  On Dec. 4,
2009, AmTrust Bank was closed by regulators and the Federal
Deposit Insurance Corporation was named receiver.  New York
Community Bank, in Westbury, New York, assumed all of the deposits
of AmTrust Bank pursuant to a deal with the FDIC.


AMTRUST FINANCIAL: AmFin Properties Files April Operating Report
----------------------------------------------------------------
AmTrust Properties Inc., nka AmFin Properties Inc., reported a net
loss of $325 on $0 revenue for the month of April 2011.

At April 30, 2011, the Debtor had total assets of $1,225,885,
total postpetition liabilities of $1,000, total prepetition
liabilities of $7,584,986, and a stockholders' deficit of
$6,360,101.  The Debtor ended the period with $539 in cash,
compared to $864 at the beginning of the period.

A full-text copy of the April 2011 monthly operating report is
available at no charge at:

    http://bankrupt.com/misc/amfinproperties.april2011mor.pdf

AmTrust Properties Inc., nka AmFin Properties Inc., had no income
and expense transactions in March 2011.

At March 31, 2011, the Debtor had total assets of $1,226,210,
total postpetition liabilities of $1,000, total prepetition
liabilities of $7,584,986, and a stockholders' deficit of
$6,359,776.  The Debtor ended the period with $864 in cash,
unchanged from the beginning of the period.

A full-text copy of the March 2011 monthly operating report is
available at no charge at:

    http://bankrupt.com/misc/amfinproperties.march2011mor.pdf

                       About AmTrust Financial

AmTrust Financial Corp (PINK: AFNL) was the owner of the AmTrust
Bank.  AmTrust was the seventh-largest holder of deposits in South
Florida, with $4.7 billion in deposits and 21 branches.

In November 2008, the Office of Thrift Supervision issued a cease
and desist order requiring AmTrust to improve its capital ratios.

AmTrust Financial, together with affiliates that include AmTrust
Management Inc., filed for Chapter 11 bankruptcy protection
(Bankr. N.D. Ohio Case No. 09-21323) on Nov. 30, 2009.
The debtor subsidiaries include AmFin Real Estate Investments,
Inc., formerly AmTrust Real Estate Investments, Inc. (Case No. 09-
21328).

G. Christopher Meyer, Esq., Christine M. Piepont, Esq., and Sherri
L. Dahl, Esq., at Squire Sanders & Dempsey (US) LLP, in Cleveland,
Ohio; and Stephen D. Lerner, Esq., at Squire Sanders & Dempsey
(US) LLP, in Cincinnati, Ohio, serve as counsel to the Debtors in
the Chapter 11 cases.  Kurtzman Carson Consultants serves as
claims and notice agent.  Attorneys at Hahn Loeser & Parks LLP
serve as counsel to the Official Committee of Unsecured Creditors.

AmTrust Management estimated $100 million to $500 million in
assets and liabilities in its Chapter 11 petition.

AmTrust Bank was not part of the Chapter 11 filings.  On Dec. 4,
2009, AmTrust Bank was closed by regulators and the Federal
Deposit Insurance Corporation was named receiver.  New York
Community Bank, in Westbury, New York, assumed all of the deposits
of AmTrust Bank pursuant to a deal with the FDIC.


AMTRUST FINANCIAL: AmFin Real Ends April 2011 With $4.7MM Cash
--------------------------------------------------------------
AmTrust Real Estate Investments Inc., nka AmFin Real Estate
Investments Inc., reported a net loss of $48,376 on $0 revenue for
April 2011.

At April 30, 2011, the Debtor had total assets of $104.1 million,
total postpetition liabilities of $442,879, total prepetition
liabilities of $137.3 million, and a stockholders' deficit of
$33.6 million.  The Debtor ended the period with $4,696,237 in
cash, from $3,169,185 at the beginning of the period.

A full-text copy of the April 2011 monthly operating report is
available at no charge at:

       http://bankrupt.com/misc/amfinreal.april2011mor.pdf

AmTrust Real Estate Investments Inc., nka AmFin Real Estate
Investments Inc., reported a net loss of $24,069 on $0 revenue for
March 2011.

At March 31, 2011, the Debtor had total assets of $104.1 million,
total postpetition liabilities of $427,104, total prepetition
liabilities of $137.3 million, and a stockholders' deficit of
$33.6 million.  The Debtor ended the period with $3,169,185 in
cash, from $3,169,441 at the beginning of the period.

A full-text copy of the March 2011 monthly operating report is
available for free at:

       http://bankrupt.com/misc/amfinreal.march2011mor.pdf

                       About AmTrust Financial

AmTrust Financial Corp (PINK: AFNL) was the owner of the AmTrust
Bank.  AmTrust was the seventh-largest holder of deposits in South
Florida, with $4.7 billion in deposits and 21 branches.

In November 2008, the Office of Thrift Supervision issued a cease
and desist order requiring AmTrust to improve its capital ratios.

AmTrust Financial, together with affiliates that include AmTrust
Management Inc., filed for Chapter 11 bankruptcy protection
(Bankr. N.D. Ohio Case No. 09-21323) on Nov. 30, 2009.
The debtor subsidiaries include AmFin Real Estate Investments,
Inc., formerly AmTrust Real Estate Investments, Inc. (Case No. 09-
21328).

G. Christopher Meyer, Esq., Christine M. Piepont, Esq., and Sherri
L. Dahl, Esq., at Squire Sanders & Dempsey (US) LLP, in Cleveland,
Ohio; and Stephen D. Lerner, Esq., at Squire Sanders & Dempsey
(US) LLP, in Cincinnati, Ohio, serve as counsel to the Debtors in
the Chapter 11 cases.  Kurtzman Carson Consultants serves as
claims and notice agent.  Attorneys at Hahn Loeser & Parks LLP
serve as counsel to the Official Committee of Unsecured Creditors.

AmTrust Management estimated $100 million to $500 million in
assets and liabilities in its Chapter 11 petition.

AmTrust Bank was not part of the Chapter 11 filings.  On Dec. 4,
2009, AmTrust Bank was closed by regulators and the Federal
Deposit Insurance Corporation was named receiver.  New York
Community Bank, in Westbury, New York, assumed all of the deposits
of AmTrust Bank pursuant to a deal with the FDIC.


BORDERS GROUP: Incurs $132.2 Million April Net Loss
---------------------------------------------------

                       Borders Group, Inc.
                         Balance Sheet
                     As of April 30, 2011

ASSETS
Current assets:
Cash and cash equivalents                          $16,900,000
Merchandise inventories                            452,500,000

Accounts receivable and other current assets        65,500,000
                                               ----------------
Total current assets                               534,900,000

Property and equipment,
net of accumulated depreciation                    171,400,000
Other assets                                         30,400,000
                                               ----------------
   TOTAL ASSETS                                    $736,700,000
                                               ================

LIABILITIES
Current liabilities:
Short term debt-credit facility                   $103,200,000
Capital lease liability                              1,200,000
Trade accounts payable                               9,900,000
Accrued payroll and other liabilities              188,100,000
Taxes, including income taxes                       29,900,000
                                               ----------------
Total current liabilities                          332,300,000

Long-term debt                                        1,000,000
Other long-term liabilities                         162,300,000
Liabilities subject to compromise                   579,500,000
                                               ----------------
Total liabilities                                1,075,100,000

Stockholders' equity:
Common stock                                        188,700,000
Retained deficit                                  (527,100,000)
                                               ----------------
Total stockholders' equity                       (338,400,000)
                                               ----------------
   TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY      $736,700,000
                                               ================

                     Borders Group, Inc.
                    Statement of Operations
          For the Period Mar. 27, 2011 to Apr. 30, 2011

Sales                                              $101,000,000
Other revenue                                        72,100,000
                                               ----------------
Total revenue                                      173,100,000

Cost of merchandise sold (includes occupancy)       165,600,000
                                               ----------------
Gross margin                                         7,500,000
Selling, general and administrative expenses         37,200,000
                                               ----------------
Operating income (loss)                           (29,700,000)

Interest expense (income)                             2,400,000
                                               ----------------

Income (loss) from continuing operations
before reorganization items & income taxes        (32,100,000)

Reorganization items, net                            98,400,000
                                               ----------------
Income (loss) from continuing operations
before income taxes                              (130,500,000)

Income tax provision (benefit)                        1,000,000
                                               ----------------
Income (loss) from continuing operations         (131,500,000)

Income (loss) from discontinued operations,
net of income tax                                    (700,000)
                                               ----------------
  NET INCOME (LOSS)                              ($132,200,000)
                                               ================

                      Borders Group, Inc.
            Schedule of Cash Receipts and Disbursements
           For the period Mar. 27, 2011 to Apr. 30, 2011

Cash Receipts:
Combined Debtors                                   $401,869,000
                                               ----------------
Total Cash Receipts                               $401,869,000
                                               ================

Cash Disbursements:
Borders Group, Inc.                                ($8,856,000)
Borders, Inc.                                     (389,337,000)
Borders International Services, Inc.                          -
Borders Direct, LLC                                 (6,763,000)
Borders Properties, Inc.                               (15,000)
Borders Online, Inc.                                          -
Borders Online, LLC                                           -
BGP (UK) Limited                                              -
                                               ----------------
Total Cash Disbursements                        ($404,971,000)
                                               ================

Borders also made payments, totaling $28,356,000, for its DIP
loans and leases for the period March 27, 2011 to April 30, 2011.

A full-text copy of the Borders April 2011 Monthly Operating
Report is available for free at:

    http://bankrupt.com/misc/Borders_MarApr2011MOR.pdf

                         *     *     *

Farmington Hills-based turnaround expert Ken Dalto said Borders'
inability to make money is significant given the chain's $132.2
million loss for the month ended April 30, 2011, The Detroit Free
Press reports.

"A continuing operating loss of that magnitude means they won't
emerge from bankruptcy as a successful company," The Detroit Free
Press quoted Mr. Dalto as saying.

Mr. Dalto stated that Borders' buyer pool is limited, citing that
interested buyers like Amazon or Barnes & Noble would likely
cherry pick the assets of the bankrupt bookstore chain, including
41 million Borders Rewards loyalty program members, The Detroit
Free Press relays.  "But I don't see anyone buying the whole
company. It would mean buying the brand and eliminating the
brand," Mr. Dalto told The Detroit Free Press.

Bill Rochelle, bankruptcy columnist and editor-at-large at
Bloomberg News, said in a recent interview with Bloomberg Law
that Borders conducted an informal auction in search of a
stalking horse bidder to finance a Chapter 11 plan.  Borders had
a May 6, 2011 going concern bid deadline but "they did not get
one," Mr. Rochelle said.  "They're up the creek without a buyer,"
he said of Borders in the interview.  Mr. Rochelle added he is
not surprised no one showed up at the auction.

                        About Borders Group

Borders Group is a leading operator of book, music and movie
superstores and mall-based bookstores.  At Jan. 29, 2011, the
Debtors operated 642 stores, under the Borders, Waldenbooks,
Borders Express and Borders Outlet names, as well as Borders-
branded airport stores in the United States, of which 639 stores
are located in the United States and 3 in Puerto Rico.  Two of
Borders' flagship stores (along with other less prominent stores)
are located in Manhattan.  In addition, the Debtors operate a
proprietary e-commerce Web site, http://www.Borders.com/,
launched in May 2008, which includes both in-store and online e-
commerce components.  As of Feb. 11, 2011, Borders employed a
total of 6,100 full-time employees, 11,400 part-time employees,
and approximately 600 contingent employees.

Borders Group Inc. and its affiliates filed for Chapter 11
protection (Bankr. S.D.N.Y. Case No. Lead Case No. 11-10614) in
Manhattan on Feb. 16, 2011.

David M. Friedman, Esq., David S. Rosner, Esq., Andrew K. Glenn,
Esq., and Jeffrey R. Gleit, Esq., at Kasowitz, Benson, Torres &
Friedman LLP, in New York, serve as counsel to the Debtors.
Jefferies & Company's Inc. is the financial advisor.  DJM Property
Management is the lease and real estate services provider.  AP
Services LLC is the interim management and restructuring services
provider.  The Garden City Group, Inc., is the claims and notice
agent.

Attorneys at Morgan, Lewis & Bockius LLP, and Riemer & Braunstein
LLP, serve as counsel to the DIP Agents.

National law firm Lowenstein Sandler has been appointed to
represent the official unsecured creditors committee for Borders
Group.  Bruce S. Nathan and Bruce Buechler, members of Lowenstein
Sandlers' Bankruptcy, Financial Reorganization & Creditors' Rights
Group, are leading the team.

The Debtor disclosed $1.28 billion in assets and $1.29 billion in
liabilities as of Dec. 25, 2010

Borders Group has sought approval to sell merchandise and owned
furniture, fixtures and equipment located at approximately 200 of
their stores and, at Borders' option, up to 75 of 136 potential
other stores, through store closing sales.

Bankruptcy Creditors' Service, Inc., publishes BORDERS GROUP
BANKRUPTCY NEWS.  The newsletter tracks the Chapter 11 proceeding
undertaken by Borders Group Inc., the United States' second
largest bookstore chain.  (http://bankrupt.com/newsstand/or
215/945-7000)


CATHOLIC CHURCH: Milw. Has $2.08 Mil. in Disbursements in April
---------------------------------------------------------------

                    Archdiocese of Milwaukee
                  Statement of Financial Position
                      As of April 30, 2011

Current Assets
  Cash and cash equivalents                       $6,538,374.63
  Short-term investments                           4,586,579.27
  Accounts receivables                             4,010,847.03
  Notes receivable                                   823,392.32
  Other Assets                                       623,676.28
  Prepaid Expenses                                   710,000.00
                                                 --------------
     Total Current Assets                         17,292,869.53

Ground burial & mausoleum crypt sites              6,069,251.04
Property and equipment, net                        4,811,504.44

Investments and Other Assets
  Long-term investments                           12,840,892.42
  Cemeteries Pre-Need Trust Fund Acct              3,210,686.79
  Charitable gift annuities invest.                  731,358.20
  Other Assets                                       315,470.50
                                                 --------------
  Total Investments and Other Assets              17,098,407.91
                                                 --------------
                                                 $45,272,032.92
     TOTAL ASSETS                                ==============


Current Liabilities
  Current maturities of charitable
     gift annuities                                           -
  Accounts payable                                   435,594.52
  Accrued expenses                                 1,175,487.29
  Chapter 11 expenses                                547,714.72
  Contributions payable C.S.A.                     2,657,224.00
                                                 --------------
  Total Current Liabilities                        4,816,020.53

Deferred revenue                                   3,222,901.74

Prepetition Debt
  Accrued post-retirement and
     pension benefits                             14,862,955.00
  Contractual contributions payable                2,760,769.51
  Pre-Chapter 11 payables                            599,046.75
  Note payable                                     4,650,000.00
  Charitable gift annuities                          580,768.00
                                                 --------------
                                                  23,453,539.26
                                                 --------------
  Total Liabilities                               31,492,461.53

  Unclassified - Prepetition Operations              500,858.94
  Unclassified - postpetition Operations         (1,099,095.18)

  Unrestricted - Current Year                                 -
  Unrestricted - Prior Year                        1,566,138.90
                                                 --------------
  Total Undesignated operating (deficit)           1,566,138.90

  Designated Current Year                                     -
  Designated Prior Year                            6,480,976.51
                                                 --------------
  Total Designated                                 6,480,976.51
                                                 --------------
  Total Unrestricted                               8,047,115.41

  Temporarily restricted Current Year                         -
  Temporarily restricted Prior Year                2,614,326.17
                                                 --------------
  Total Temporarily Restricted                     2,614,326.17

  Permanently restricted Current Year                         -
  Permanently restricted Prior Year                3,716,366.05
                                                 --------------
  Total Permanently Restricted                     3,716,366.05
                                                 --------------
  Total Net Assets                                13,779,571.39
                                                 --------------
  Total Liabilities and Net Assets               $45,272,032.92
                                                 ==============

Note: Invested funds held for others totaled $2,846,942.


                    Archdiocese of Milwaukee
                  Statement of Activities
               For the month ending April 30, 2011

CHANCERY
Support and Revenue
  Contributions                                     $697,557.66
  Parish assessments                                          -
  Parish assessments adj. to budget                           -
  Tuition and fees                                    40,941.00
  Activities and programs                              2,611.00
  Miscellaneous revenues                              62,843.82
  Net assets released from restrictions                       -
                                                 --------------
  Total Support and Revenue                          803,953.48

CHANCERY OPERATING EXPENSES
  Payroll and fringe benefits                        551,977.87
  Maintenance, insurance, utility costs               59,681.92
  Travel and education                                15,893.66
  Supplies and services                               48,464.26
  Assessments                                         39,861.50
  Purchased services                                 142,870.98
  Professional services                              140,599.30
  Charity and donations                              272,526.76
  Miscellaneous expenses                             107,739.25
  Pension related changes other than NPPC                     -
                                                 --------------
  Total Operating Expenses                         1,379,615.50

  Chancery income before fixed assets,           --------------
     non-operations gain (loss), and               (575,662.02)
     extraordinary expense

FIXED ASSETS
  Fixed asset purchases                                       -
  Depreciation expense                              (17,880.63)
  Impairment of leasehold improvements                        -
  Gain(loss) on sale of property and
     equipment, net                                           -
                                                 --------------
  Total Fixed Asset Expense (Income)                (17,880.63)

NON-OPERATING ACTIVITIES
  Investment income                                   37,589.02
  Net realized gains(losses)                           2,645.25
  Net unrealized gains(losses)                       102,952.53
  Interest expense                                  (20,343.37)
  Other non-operating revenues(expenses)                      -
                                                 --------------
  Total non-operating activities                     122,843.43
                                                 --------------
  Extraordinary events, net                                0.00
                                                 --------------
Chancery net gain(loss)                            (470,699.22)

Reimbursed operations net gain(loss)                (11,190.94)
                                                 --------------
Change in net assets before cumulative             (481,890.16)
  effect and cemetery operations

Cumulative effect of change in                             0.00
  accounting principle
                                                 --------------
Chancery change in net assets                      (481,890.16)

Cemetery operations
  Cemetery gain(loss)                               (59,165.55)
                                                 --------------
Cemetery change in net assets                       (59,165.55)
                                                 --------------
Total change in net assets                        ($541,055.71)
                                                 ==============


                    Archdiocese of Milwaukee
                         Cash Receipts
               For the month ending April 30, 2011

Receipt Category
  Contributions                                     $700,934.66
  Assessments                                                 -
  Tuition and fees                                    42,092.00
  Cemetery cash receipts/transfers                   299,830.77
  Investment income                                        0.16
  Realized gains                                              -
  Gains on sales and fixed assets                             -
  Miscellaneous revenues                              41,831.32
  Clearing                                             1,258.03
  A/R & N/R payments                                 482,126.07
                                                 --------------
  Total Receipts                                  $1,568,073.01

Notes: Funds transferred in from other
      Archdiocesan accounts                       $3,254,751.66
      Funds held for others                            8,510.00
                                                 ==============

                    Archdiocese of Milwaukee
                      Cash Disbursements
               For the month ending April 30, 2011

Disbursements Category
  Salary and wages                                  $425,464.48
  Payroll taxes                                      156,684.64
  Employee benefits                                  295,147.51
  Employee withholdings                               34,918.02
  Facility and operating                             171,987.25
  Travel and education                                18,094.22
  Supplies                                            92,729.85
  Assessments                                         39,861.50
  Purchased services                                 149,373.58
  Legal                                                       -
  Professional                                       214,795.82
  Grants                                             257,292.16
  Interest and bank fees                              44,847.56
  Other                                              108,585.48
  Reimbursed expense                                  63,786.47
  Clearing                                             5,620.35
  Fee assistance                                              -
                                                 --------------
  Total Disbursements                             $2,079,188.89

Notes: Funds transferred in from other
      Archdiocesan accounts                       $2,504,751.66
      Funds held for others                          $44,641.06
                                                 ==============

              About the Archdiocese of Milwaukee

The Diocese of Milwaukee was established on November 28, 1843, and
was elevated to an Archdiocese on February 12, 1875, by Pope Pius
IX.  The region served by the Archdiocese consists of 4,758 square
miles in southeast Wisconsin which includes counties Dodge, Fond
du Lac, Kenosha, Milwaukee, Ozaukee, Racine, Sheboygan, Walworth,
Washington and Waukesha.  There are 657,519 registered Catholics
in the Region.

The Catholic Archdiocese of Milwaukee, in Wisconsin, filed for
Chapter 11 bankruptcy protection (Bankr. E.D. Wisc. Case No.
11-20059) on Jan. 4, 2011, to address claims over sexual abuse
by priests on minors.

The Archdiocese became at least the eighth Roman Catholic diocese
in the U.S. to file for bankruptcy to settle claims from current
and former parishioners who say they were sexually molested by
priests.

Daryl L. Diesing, Esq., at Whyte Hirschboeck Dudek S.C., in
Milwaukee, Wisconsin, serves as the Archdiocese's counsel.  The
Official Committee of Unsecured Creditors in the bankruptcy case
has retained Pachulski Stang Ziehl & Jones LLP as its counsel, and
Howard, Solochek & Weber, S.C., as its local counsel.

The Archdiocese estimated assets and debts of $10 million to
$50 million in its Chapter 11 petition.

(Catholic Church Bankruptcy News; Bankruptcy Creditors' Service,
Inc., http://bankrupt.com/newsstand/or 215/945-7000)


FIRSTFED FINANCIAL: Ends April 2011 With $3,423,647 Cash
--------------------------------------------------------
FirstFed Financial Corp. filed on May 17, 2011, a monthly
operating report for April 2011 with the U.S. Bankruptcy Court
for the Central District of California, Los Angeles Division.

The Company reported a net loss of $49,826 on $0 revenue for the
period.

At April 30, 2011, the Company had $3.56 million in total
assets, $159.62 million in total liabilities, and a stockholders'
deficit of $156.06 million.  The Company ended the period with
$3,423,647 in unrestricted cash.  Bankruptcy counsel Landau,
Gottfried & Berger, LLP, was paid a total of $20,347 in Legal-
Bankruptcy Counsel fees for the month.

A full-text copy of the April 2011 monthly operating report is
available for free at http://is.gd/IIME0v

                    About FirstFed Financial

Irvine, Calif.-based FirstFed Financial Corp. is the bank
holding company for First Federal Bank of California and its
subsidiaries.  The Bank was closed by federal regulators on
December 18, 2009.

FirstFed Financial Corp. filed for Chapter 11 protection (Bankr.
C.D. Calif. Case No. 10-10150) on Jan. 6, 2010.  Jon L. Dalberg,
Esq., at Landau Gottfried & Berger LLP, represents the Debtor in
its restructuring effort.  Garden City Group is the claims and
notice agent.  The Debtor disclosed assets at $1 million and
$10 million, and debts at $100 million and $500 million.


GREAT ATLANTIC: Posts $9.46 Million Net Loss in February
--------------------------------------------------------
BankruptcyData.com reports that Great Atlantic & Pacific Tea
Company filed with the U.S. Bankruptcy Court a monthly operating
report for the month ending Feb. 26, 2011.  For the period, the
Company reported a net loss of $9.46 million on sales of $577.25
million.

                    About Great Atlantic & Pacific

Founded in 1859, Montvale, New Jersey-based Great Atlantic &
Pacific is a leading supermarket retailer, operating under a
variety of well-known trade names, or "banners" across the mid-
Atlantic and Northeastern United States.  It operates 395
supermarkets, combination food and drug stores, beer, wine, and
liquor stores, and limited assortment food stores in Connecticut,
Delaware, Massachusetts, Maryland, New Jersey, New York,
Pennsylvania, Virginia, and the District of Columbia.  "Banners"
include A&P (101 stores), Food Basics (12 stores), Pathmark (128
stores), Super Fresh (57 stores), The Food Emporium (16 stores),
and Waldbaum's (59 stores).

A&P employs roughly 41,000 employees, including roughly 28,000
part-time employees.  Roughly 95% of the workforce are covered by
collective bargaining agreements.

A&P and its affiliates filed Chapter 11 petitions (Bankr. S.D.N.Y.
Case No. 10-24549) on Dec. 12, 2010 in White Plains, New York.  In
its petition, A&P reported total assets of $2.5 billion and
liabilities of $3.2 billion as of Sept. 11, 2010.

Paul M. Basta, Esq., James H.M. Sprayregen, Esq., and Ray C.
Schrock, Esq., at Kirkland & Ellis, LLP, in New York, and James J.
Mazza, Jr., Esq., at Kirkland & Ellis LLP, in Chicago, Illinois,
serve as counsel to the Debtors.  Kurtzman Carson Consultants LLC
is the claims and notice agent.  Lazard Freres & Co. LLC is the
financial advisor.  Huron Consulting Group is the management
consultant.  Dennis F. Dunne, Esq., Matthew S. Barr, Esq., and
Abhilash M. Raval, Esq., at Milbank, Tweed, Hadley & McCloy LLP,
represent the Official Committee of Unsecured Creditors.


GREAT ATLANTIC & PACIFIC: Posts $35 Million Net Loss in March
-------------------------------------------------------------
On May 17, 2011, The Great Atlantic & Pacific Tea Company, Inc.,
and its U.S. subsidiaries filed their monthly operating report for
the period from Feb. 27, 2011, to March 26, 2011, with the U.S.
Bankruptcy Court for the Southern District of New York.

The Debtors reported a net loss of $35.0 million on $566.8 million
of sales for the four weeks ended March 26, 2011.

At March 26, 2011, the Debtors' consolidated balance sheet showed
$2.613 billion in total assets, $3.646 billion in total
liabilities, $143.30 million in Series A redeemable preferred
stock, and a stockholders' deficit of $1.176 billion.  The Debtors
ended the period with $349,471,000 in cash compared to
$352,607,000 at Feb. 26, 2011.

A full-text copy of the monthly operating report for the four
weeks ended March 26, 2011, is available for free at:

                       http://is.gd/3RLO4h

                 About Great Atlantic & Pacific

Founded in 1859, Montvale, New Jersey-based Great Atlantic &
Pacific is a leading supermarket retailer, operating under a
variety of well-known trade names, or "banners" across the mid-
Atlantic and Northeastern United States.  It operates 395
supermarkets, combination food and drug stores, beer, wine, and
liquor stores, and limited assortment food stores in Connecticut,
Delaware, Massachusetts, Maryland, New Jersey, New York,
Pennsylvania, Virginia, and the District of Columbia.  "Banners"
include A&P (101 stores), Food Basics (12 stores), Pathmark (128
stores), Super Fresh (57 stores), The Food Emporium (16 stores),
and Waldbaum's (59 stores).

A&P employs roughly 41,000 employees, including roughly 28,000
part-time employees.  Roughly 95% of the workforce are covered by
collective bargaining agreements.

A&P and its affiliates filed Chapter 11 petitions (Bankr. S.D.N.Y.
Case No. 10-24549) on Dec. 12, 2010 in White Plains, New York.  In
its petition, A&P reported total assets of $2.5 billion and
liabilities of $3.2 billion as of Sept. 11, 2010.

Paul M. Basta, Esq., James H.M. Sprayregen, Esq., and Ray C.
Schrock, Esq., at Kirkland & Ellis, LLP, in New York, and James J.
Mazza, Jr., Esq., at Kirkland & Ellis LLP, in Chicago, Illinois,
serve as counsel to the Debtors.  Kurtzman Carson Consultants LLC
is the claims and notice agent.  Lazard Freres & Co. LLC is the
financial advisor.  Huron Consulting Group is the management
consultant.  Dennis F. Dunne, Esq., Matthew S. Barr, Esq., and
Abhilash M. Raval, Esq., at Milbank, Tweed, Hadley & McCloy LLP,
represent the Official Committee of Unsecured Creditors.


DIGITAL: Posts $50,690 Net Loss in April 2011
---------------------------------------------
On May 18, 2011, ICOP Digital Inc., filed with the U.S.
Bankruptcy Court for the District of Kansas a monthly operating
report for the month of April 2011.

The Debtor reported a net loss of $50,690 on $0 revenue for
the month.

The Debtor ended the period with $484,916 cash.  Payment for
professional fees (Accounting & Legal) totaled $34,649 in April.

At April 30, 2011, the Debtor had $1,679,120 in total assets,
$2,008,380 in total liabilities, all current, and a stockholders'
deficit of $329,260.

A full-text copy of the April 2011 monthly operating report is
available for free at http://is.gd/z8RoAO

                         About ICOP Digital

Founded in 2002, ICOP Digital Inc. sells surveillance equipment
for law enforcement agencies.  Lenexa, Kansas-based ICOP Digital
filed for Chapter 11 protection in Kansas City (Bankr. D. Kan.
Case No. 11-20140) on Jan. 21, 2011.  In its schedules, the Debtor
disclosed assets of $1.67 million and debt of $2.74 million.  The
balance sheet as of Sept. 30, 2010, had assets on the books for
$6.7 million and total debts of $4.3 million.  Joanne B. Stutz,
Esq., at Evans & Mullinix PA, in Shawnee, Kansas, serves as the
Debtor's bankruptcy counsel.

The Debtor has been renamed as of March 14, 2011, to Digital
Systems, Inc.


RASER TECHNOLOGIES: Files Initial Monthly Operating Report
----------------------------------------------------------
Raser Technologies Inc., et al., have submitted an initial monthly
operating report, which includes cash flow projections for the 12
month period ended April 2012, with the U.S. Bankruptcy Court for
the District of Delaware.

A copy of the initial monthly operating report is available for
free at http://bankrupt.com/misc/raser.initialmor.pdf

                     About Raser Technologies

Raser Technologies Inc. (NYSE: RZ) is a renewable energy company
focusing on geothermal power development.  The Company has one
operating plant in Utah and another eight early and development
stage projects in Utah, New Mexico, Nevada and Oregon.  The
Company invested $120 million in Thermo No. 1, its sole operating
plant, which is near Beaver, Utah, and has a power generation
capacity of 10 megawatts.  The City of Anaheim, California, agreed
in 2008 to buy the generated electricity for 20 years.

Provo, Utah-based Raser Technologies, Inc., also known as Wasatch
Web Advisors, Inc., filed for Chapter 11 protection  (Bankr. D.
Del. Case No. 11-11315) on April 29, 2011.

Other Debtor affiliates filed for separate Chapter 11 protection
on April 29, 2011,  (Bankr. Case Nos. 11-11319 - 11-11350).
Peter S. Partee, Sr., Esq., and Richard P. Norton, Esq., at Hunton
& Williams LLP represent the Debtors in their restructuring
efforts.  The Debtors' local counsel is Bayard, P.A.  Sichenzia
Ross Friedman Ference LLP serves as the Debtors' corporate
counsel.  The Debtors' financial advisor is Canaccord Genuity.

The Company reported a net loss of $101.80 million on
$4.25 million of revenue for the fiscal year ended Dec. 31, 2010,
compared with a net loss of $20.90 million on $2.19 million of
revenue during the prior year.

The Company's balance sheet at Dec. 31, 2010, showed
$41.84 million in total assets, $107.78 million in total
liabilities, $5.00 million of Series A-1 cumulative convertible
preferred stock, and a stockholders' deficit of $70.94 million.


SHARPER IMAGE: Ends April 2011 With $3,008,212 Cash
---------------------------------------------------
TSIC, Inc., formerly known as The Sharper Image Corporation, filed
with the U.S. Bankruptcy Court for the District of Delaware on
May 13, 2011, its monthly operating report for April 2011.

The Debtor reported a net loss of $89,293 on $0 revenue for the
month.  The Debtor incurred a total of $49,237 in professional
fees for the month.

At April 30, 2011, the Company's balance sheet showed $6.4 million
in total assets, $95.4 million in total liabilities, and a
stockholders' deficit of $89.0 million.

The Debtor ended the month with $3,008,212 cash.  For the
month, the Debtor paid a total of $18,248 in professional fees.

A full-text copy of TSIC's April 2011 monthly operating report
is available for free at http://is.gd/piktYc

                     About Sharper Image

Headquartered in San Francisco, California, Sharper Image Corp. --
http://www.sharperimage.com/-- was a multi-channel specialty
retailer.  It operated in three principal selling channels: the
Sharper Image specialty stores throughout the U.S., the Sharper
Image catalog and the Internet.  The Company has operations in
Australia, Brazil and Mexico.  In addition, through its Brand
Licensing Division, it was also licensing the Sharper Image brand
to select third parties to allow them to sell Sharper Image
branded products in other channels of distribution.

The Company filed for Chapter 11 protection on Feb. 19, 2008
(Bankr. D. Del. Case No. 08-10322).  Judge Kevin Gross presides
over the case.  Harvey R. Miller, Esq., Lori R. Fife, Esq., and
Christopher J. Marcus, Esq., at Weil, Gotshal & Manges, LLP,
serve as the Company's lead counsel.  Steven K. Kortanek, Esq.,
and John H. Strock, Esq., at Womble, Carlyle, Sandridge & Rice,
P.L.L.C., serve as the Company's local Delaware counsel.

An official committee of unsecured creditors was appointed in the
case.  Cooley Godward Kronish LLP is the Committee's lead
bankruptcy counsel.  Whiteford Taylor Preston LLC is the
Committee's Delaware counsel.

When the Debtor filed for bankruptcy, it disclosed total assets of
$251,500,000 and total debts of $199,000,000.  As of June 30,
2008, the Debtor disclosed $52,962,174 in total assets and
$39,302,455 in total debts.

Sharper Image changed its name to "TSIC, Inc." following the sale
of its assets to a group consisting of Gordon Brothers Retail
Partners, LLC, GB Brands, LLC, Hilco Merchant Resources, LLC, and
Hilco Consumer Capital, LLC.


SPECIALTY PRODUCTS: Posts $1.3 Million Net Loss in March 2011
-------------------------------------------------------------
Specialty Products Holdings Corp. reported a net loss of
$1.28 million on $0 revenue for the month ended March 31, 2011.

At March 31, 2011, the Debtor had $480.48 million in total assets,
$218.34 million in total liabilities, and stockholders' equity of
$262.14 million.  The Debtor had unrestricted cash and equivalents
of $5.13 million at March 31, 2011, from $7.85 million at the
beginning of the period.  The Debtor paid a total of $1,513,632 in
professional fees during the month.

A copy of the March 2011 monthly operating report is available at:

   http://bankrupt.com/misc/specialtyproducts.march2011mor.pdf

                     About Specialty Products

Cleveland, Ohio-based Specialty Products Holdings Corp., aka RPM,
Inc., is a wholly owned subsidiary of RPM International Inc.  The
Company is the holding company parent of Bondex International,
Inc., and the direct or indirect parent of certain additional
domestic and foreign subsidiaries.  The Company claims to be a
leading manufacturer, distributor and seller of various specialty
chemical product lines, including exterior insulating finishing
systems, powder coatings, fluorescent colorants and pigments,
cleaning and protection products, fuel additives, wood treatments
and coatings and sealants, in both the industrial and consumer
markets.

Specialty Products, along with affiliates, filed Chapter 11
petitions to create a trust taking over liability for 10,000
asbestos claims.

Specialty Products filed for Chapter 11 bankruptcy (Bankr. D. Del.
Lead Case No. 10-11780) on May 31, 2010, estimating its assets and
debts at $100 million to $500 million.  The Company's affiliate,
Bondex International, Inc., filed a separate Chapter 11 petition
on May 31, 2010 (Case No. 10-11779), estimating its assets and
debts at $100 million to $500 million.

Gregory M. Gordon, Esq., Dan B. Prieto, Esq., and Robert J. Jud,
Esq., at Jones Day, serve as bankruptcy counsel to the Debtors.
Daniel J. DeFranceschi, Esq., and Zachary I. Shapiro, Esq., at
Richards Layton & Finger, serve as co-counsel.  Logan and Company
is the Company's claims and notice agent.  Blackstone Advisory
Partners L.P. is the Debtors' financial advisor and investment
banker.

As of the Petition Date, the Debtors were defendants in more than
10,000 pending asbestos-related bodily injury lawsuits.  A
significant portion of these lawsuits involve mesothelioma claims.

Attorneys at Montgomery McCracken Walker & Rhoads, LLP, serve as
counsel to the Committee of Asbestos Personal Injury Claimants.


SPECIALTY PRODUCTS: Bondex Int'l Posts $57,477 Loss in March 2011
-----------------------------------------------------------------
Bondex International, Inc., reported a net loss of $57,477 on $0
revenue for the month of March 31, 2011.

At March 31, 2011, the Debtor had ($185.15) million in total
assets, $366.79 million in total liabilities, and a stockholders'
deficit of $551.94 million.  The Debtor had $0 cash at March 31,
2011, compared to ($988) at the beginning of the period.

A copy of the March 2011 monthly operating report is available at:

         http://bankrupt.com/misc/bondex.march2011mor.pdf

                     About Specialty Products

Cleveland, Ohio-based Specialty Products Holdings Corp., aka RPM,
Inc., is a wholly owned subsidiary of RPM International Inc.  The
Company is the holding company parent of Bondex International,
Inc., and the direct or indirect parent of certain additional
domestic and foreign subsidiaries.  The Company claims to be a
leading manufacturer, distributor and seller of various specialty
chemical product lines, including exterior insulating finishing
systems, powder coatings, fluorescent colorants and pigments,
cleaning and protection products, fuel additives, wood treatments
and coatings and sealants, in both the industrial and consumer
markets.

Specialty Products, along with affiliates, filed Chapter 11
petitions to create a trust taking over liability for 10,000
asbestos claims.

Specialty Products filed for Chapter 11 bankruptcy (Bankr. D. Del.
Lead Case No. 10-11780) on May 31, 2010, estimating its assets and
debts at $100 million to $500 million.  The Company's affiliate,
Bondex International, Inc., filed a separate Chapter 11 petition
on May 31, 2010 (Case No. 10-11779), estimating its assets and
debts at $100 million to $500 million.

Gregory M. Gordon, Esq., Dan B. Prieto, Esq., and Robert J. Jud,
Esq., at Jones Day, serve as bankruptcy counsel to the Debtors.
Daniel J. DeFranceschi, Esq., and Zachary I. Shapiro, Esq., at
Richards Layton & Finger, serve as co-counsel.  Logan and Company
is the Company's claims and notice agent.  Blackstone Advisory
Partners L.P. is the Debtors' financial advisor and investment
banker.

As of the Petition Date, the Debtors were defendants in more than
10,000 pending asbestos-related bodily injury lawsuits.  A
significant portion of these lawsuits involve mesothelioma claims.

Attorneys at Montgomery McCracken Walker & Rhoads, LLP, serve as
counsel to the Committee of Asbestos Personal Injury Claimants.


STATION CASINOS: GV Ranch Has $1.88-Mil. March Operating Loss
-------------------------------------------------------------
GV Ranch Station Inc. disclosed that as of March 31, 2011, it
had:

Current Assets                                     $112,671,000
Non-current deferred tax asset                                -
Total Assets                                       $112,671,000
Current Liabilities                                  $9,316,000
Total liabilities                                   $54,921,000

GV Ranch also said that for the month ended March 31, 2011, it
had:

Operating income (loss)                            ($1,878,000)
Income (loss) before income taxes and
   reorganization items                             ($4,228,000)
Income (loss) before income taxes                  ($4,739,000)
Net income (loss)                                  ($3,081,000)
Reorganization costs                                   $511,000
Losses from joint ventures                           $4,205,000
Intercompany receivables and payables, net         ($1,898,000)

GV Ranch said it had zero balance at the end of March 31 and
made total disbursements of $1,460,000 as of March 31.

                      About Station Casinos

Station Casinos, Inc., is a gaming and entertainment company that
currently owns and operates nine major hotel/casino properties
(one of which is 50% owned) and eight smaller casino properties
(three of which are 50% owned), in the Las Vegas metropolitan
area, as well as manages a casino for a Native American tribe.

Station Casinos Inc., together with its affiliates, filed for
Chapter 11 protection on July 28, 2009 (Bankr. D. Nev. Case No.
09-52477).  Milbank, Tweed, Hadley & McCloy LLP serves as legal
counsel in the Chapter 11 case; Brownstein Hyatt Farber Schreck,
LLP, as regulatory counsel; and Lewis and Roca LLP is local
counsel.  Lazard Freres & Co. LLC is investment banker and
financial advisor.  Kurtzman Carson Consultants LLC is the claims
and noticing agent.  Brad E Scheler, Esq., and Bonnie Steingart,
Esq., at Fried, Frank, Shriver, Harris & Jacobson LLP, in New
York, serves as counsel to the Official Committee of Unsecured
Creditors.

In its bankruptcy petition, Station Casinos said that it had
assets of $5,725,001,325 against debts of $6,482,637,653 as of
June 30, 2009.  About 4,378,929,997 of its liabilities constitute
unsecured or subordinated debt securities.

Thirty-one affiliates of Station Casinos Inc. sought bankruptcy
protection under Chapter 11 protection on April 12, 2011.  First
to file among the April 12 Debtors was Auburn Development, LLC
(Bankr. D. Nev. Case No. 11-51188).  The April 12 Debtors filed a
prepackaged plan of reorganization together with their Chapter 11
petitions in order to reorganize debts and consummate the sale of
the Green Valley Ranch Resort, Spa & Casino to a group of buyers
led by the Fertitta family.

Bankruptcy Creditors' Service, Inc., publishes Station Casinos
Bankruptcy News.  The newsletter tracks the Chapter 11 proceedings
of Station Casinos Inc. and its debtor-affiliates.
(http://bankrupt.com/newsstand/or 215/945-7000)


TOUSA INC: Ends April 2011 With $510.3 Million Cash
---------------------------------------------------
TOUSA, Inc., et al., reported a net loss of $8.25 million on
$6.89 million of revenues for the for the month of April 2011.

At April 30, 2011, TOUSA, Inc., and subsidiaries had
$554.34 million in total assets, $2.088 billion in total
liabilities, and a stockholders' deficit of $1.534 billion.

The Debtors ended the period with $510,275,272 cash.  The Debtors
paid a total of $2,541,534 in professional fees during the month.

A copy of the April 2011 monthly operating report is available
for free at http://bankrupt.com/misc/tousainc.april2011mor.pdf

                         About Tousa Inc.

Headquartered in Hollywood, Florida, TOUSA, Inc. (Pink Sheets:
TOUS) -- http://www.tousa.com/-- fka Technical Olympic U.S.A.
Inc., dba Technical U.S.A., Inc., Engle Homes, Newmark Homes L.P.,
TOUSA Homes Inc. and Newmark Homes Corp. is a leading homebuilder
in the United States, operating in various metropolitan markets in
10 states located in four major geographic regions: Florida, the
Mid-Atlantic, Texas, and the West.

The Debtor and its debtor-affiliates filed for separate
Chapter 11 protection on Jan. 29, 2008 (Bankr. S.D. Fla. Case
No. 08-10928).  The Debtors have selected M. Natasha Labovitz,
Esq., Brian S. Lennon, Esq., Richard M. Cieri, Esq., and Paul
M. Basta, Esq., at Kirkland & Ellis LLP; and Paul Steven
Singerman, Esq., at Berger Singerman, to represent them in
their restructuring efforts.  Lazard Freres & Co. LLC is the
Debtors' investment banker.  Ernst & Young LLP is the Debtors'
independent auditor and tax services provider.  Kurtzman Cars
LLC acts as the Debtors' Notice, Claims & Balloting Agent.

TOUSA's direct subsidiary, Beacon Hill at Mountain's Edge LLC dba
Eagle Homes, filed for Chapter 11 Protection on July 30, 2008
(Bankr. S.D. Fla. Case No. 08-20746).  It estimated assets and
debts of $1 million to $10 million in its Chapter 11 petition.

The official committee of unsecured creditors has filed a proposed
chapter 11 liquidating plan for Tousa.  However, the committee
said that it no longer intends to pursue approval of its
liquidation plan because of the pending appeal of its fraudulent
transfer case in the U.S. Court of Appeals for the Eleventh
Circuit.  A district court in February 2011 held that the
bankruptcy judge was wrong in ruling that lenders who were paid
off received fraudulent transfers when Tousa gave liens on
subsidiaries' properties to bail out and refinance a joint
venture.  Daniel H. Golden, Esq., and Philip C. Dublin, Esq., at
Akin Gump Strauss Hauer & Feld LLP, in New York, represent the
creditors committee.


VITRO SAB: Vitro America Ends April 2011 With $5.4 Million Cash
---------------------------------------------------------------
On May 20, 2011, Vitro America, LLC, Super Sky International,
Inc., Super Sky Products, Inc., and VVP Finance Corporation, U.S.
subsidiaries of Vitro SAB who put themselves into Chapter 11 on
April 6, filed with the U.S. Bankruptcy Court for the Northern
District Of Texas, their monthly operating reports for April 2011.
April 2011 is the stub period April 6 to April 30.

Vitro America reported a net loss of $5.7 million on $18.2 million
of net revenue for the month.

At April 30, 2011, Vitro America had $189.2 million in total
assets, $287.1 million in total liabilities, and a stockholders'
deficit of $97.9 million.  The Debtor ended the period with
$5,402,419 in unrestricted cash, from $4,189,964 at the beginning
of the period.

A copy of Vitro America's April 2011 monthly operating report is
available for free at:

      http://bankrupt.com/misc/vitroamerica.april2011mor.pdf

Super Sky International had no revenue/expense transactions for
the month.

At April 30, 2011, Super Sky International had $671,038 in assets,
$1.3 million in total liabilities, and owners' equity of $638,824.

A copy of Super Sky International's April 2011 monthly operating
report is available for free at:

      http://bankrupt.com/misc/superskyintl.april2011mor.pdf

Super Sky Products reported net income of $161,166 on contract
revenues of $2.0 million for the month.

At April 30, 2011, Super Sky Products had $17.3 million in assets,
$4.3 million in total liabilities, and owners' equity of
$13.0 million.  The Debtor ended April 2011 with $2,858,854 in
cash, compared with $3,329,535 at the beginning of the period.

A copy of Super Sky Products' April 2011 monthly operating report
is available for free at:

    http://bankrupt.com/misc/superskyproducts.april2011mor.pdf

VVP Finance reported net income of $531,257 on $560,400 of revenue
for the month.

At April 30, 2011, VVP Finance had $177.6 million in assets,
$1.5 million in total liabilities, and owners' equity of
$176.1 million.  The Debtor ended April 2011 with $2,542 in cash,
compared with $3,224 at the beginning of the period.

A copy of VVP Finance's April 2011 monthly operating report is
available for free at:

       http://bankrupt.com/misc/vvpfinance.april2011mor.pdf

                         About Vitro SAB

Headquartered in Monterrey, Mexico, Vitro, S.A.B. de C.V. (BMV:
VITROA; NYSE: VTO), through its two subsidiaries, Vitro Envases
Norteamerica, SA de C.V. and Vimexico, S.A. de C.V., is a global
glass producer, serving the construction and automotive glass
markets and glass containers needs of the food, beverage, wine,
liquor, cosmetics and pharmaceutical industries.

Vitro is the largest manufacturer of glass containers and flat
glass in Mexico, with consolidated net sales in 2009 of MXN23,991
million (US$1.837 billion).

Vitro defaulted on its debt in 2009, and sought to restructure
around US$1.5 billion in debt, including US$1.2 billion in notes.
Vitro launched an offer to buy back or swap US$1.2 billion in debt
from bondholders.  The tender offer would be consummated with a
bankruptcy filing in Mexico and Chapter 15 filing in the United
States.  Vitro said noteholders would recover as much as 73% by
exchanging existing debt for cash, new debt or convertible bonds.

           Concurso Mercantil & Chapter 15 Proceedings

Vitro SAB on Dec. 13, 2010, filed its voluntary petition for a
pre-packaged Concurso Plan in the Federal District Court for Civil
and Labor Matters for the State of Nuevo Leon, commencing its
voluntary concurso mercantil proceedings -- the Mexican equivalent
of a prepackaged Chapter 11 reorganization.  Vitro SAB also
commenced parallel proceedings under Chapter 15 of the U.S.
Bankruptcy Code (Bankr. S.D.N.Y. Case No. 10-16619) in Manhattan
on Dec. 13, 2010, to seek U.S. recognition and deference to its
bankruptcy proceedings in Mexico.

Early in January 2011, the Mexican Court dismissed the Concurso
Mercantil proceedings.  The judge said Vitro couldn't push through
a plan to buy back or swap US$1.2 billion in debt from bondholders
based on the vote of US$1.9 billion of intercompany debt when
third-party creditors were opposed.  Vitro as a result dismissed
the first Chapter 15 petition following the ruling by the Mexican
court.

On April 12, 2011, an appellate court in Mexico reinstated the
reorganization.  Accordingly, Vitro SAB on April 14 re-filed a
petition for recognition of its Mexican reorganization in U.S.
Bankruptcy Court in Manhattan (Bankr. S.D.N.Y. Case No. 11-11754).

In the present Chapter 15 case, the Debtor seeks to block any
creditor suits in the U.S. pending the reorganization in Mexico.

                     Chapter 11 Proceedings

A group of noteholders opposed the exchange -- namely Knighthead
Master Fund, L.P., Lord Abbett Bond-Debenture Fund, Inc., Davidson
Kempner Distressed Opportunities Fund LP, and Brookville Horizons
Fund, L.P.  Together, they held US$75 million, or approximately 6%
of the outstanding bond debt.  The Noteholder group commenced
involuntary bankruptcy cases under Chapter 11 of the U.S.
Bankruptcy Code against Vitro Asset Corp. (Bankr. N.D. Tex. Case
No. 10-47470) and 15 other affiliates on Nov. 17, 2010.

Vitro engaged Susman Godfrey, L.L.P. as U.S. special litigation
counsel to analyze the potential rights that Vitro may exercise in
the United States against the ad hoc group of dissident
bondholders and its advisors.

A larger group of noteholders, known as the Ad Hoc Group of Vitro
Noteholders -- comprised of holders, or investment advisors to
holders, which represent approximately US$650 million of the
Senior Notes due 2012, 2013 and 2017 issued by Vitro -- was not
among the Chapter 11 petitioners, although the group has expressed
concerns over the exchange offer.  The group says the exchange
offer exposes Noteholders who consent to potential adverse
consequences that have not been disclosed by Vitro.  The group is
represented by John Cunningham, Esq., and Richard Kebrdle, Esq. at
White & Case LLP.

The U.S. affiliates subject to the involuntary petitions are Vitro
Chemicals, Fibers & Mining, LLC (Bankr. N.D. Tex. Case No. 10-
47472); Vitro America, LLC (Bankr. N.D. Tex. Case No. 10-47473);
Troper Services, Inc. (Bankr. N.D. Tex. Case No. 10-47474); Super
Sky Products, Inc. (Bankr. N.D. Tex. Case No. 10-47475); Super Sky
International, Inc. (Bankr. N.D. Tex. Case No. 10-47476); VVP
Holdings, LLC (Bankr. N.D. Tex. Case No. 10-47477); Amsilco
Holdings, Inc. (Bankr. N.D. Tex. Case No. 10-47478); B.B.O.
Holdings, Inc. (Bankr. N.D. Tex. Case No. 10-47479); Binswanger
Glass Company (Bankr. N.D. Tex. Case No. 10-47480); Crisa
Corporation (Bankr. N.D. Tex. Case No. 10-47481); VVP Finance
Corporation (Bankr. N.D. Tex. Case No. 10-47482); VVP Auto Glass,
Inc. (Bankr. N.D. Tex. Case No. 10-47483); V-MX Holdings, LLC
(Bankr. N.D. Tex. Case No. 10-47484); and Vitro Packaging, LLC
(Bankr. N.D. Tex. Case No. 10-47485).

A bankruptcy judge in Fort Worth, Texas, denied involuntary
Chapter 11 petitions filed against four U.S. subsidiaries.  On
April 6, 2011, Vitro SAB agreed to put Vitro units -- Vitro
America LLC and three other U.S. subsidiaries -- that were subject
to the involuntary petitions into voluntary Chapter 11.  The Texas
Court on April 21 denied involuntary petitions against the eight
U.S. subsidiaries that didn't consent to being in Chapter 11.

Vitro America, et al., have tapped Louis R. Strubeck, Jr., Esq.,
and William R. Greendyke, Esq., at Fulbright & Jaworski LLP, in
Dallas, Texas, as counsel.  Kurtzman Carson Consultants is the
claims and notice agent.

The official committee of unsecured creditors appointed in the
Chapter 11 cases of Vitro America, et al., has selected Sarah Link
Schultz, Esq., at Akin Gump Strauss Hauer & Feld LLP, in Dallas,
Texas, and Michael S. Stamer, Esq., Abid Qureshi, Esq., and Alexis
Freeman, Esq., at Akin Gump Strauss Hauer & Feld LLP, in New York,
as counsel.


WOLVERINE TUBE: Reports $667,646 Net Income in April 2011
---------------------------------------------------------
Wolverine Tube, Inc., et al., reported net income of $667,646 on
$28.3 million of total revenue for all debtors in April 2011.

As of May 1, 2011, the Debtors reported $123.7 million in total
assets, $249.3 million in total liabilities, and a stockholders'
deficit of $125.6 million.

A copy of the Debtors' April 2011 monthly operating report is
available for free at:

       http://bankrupt.com/misc/wolverine.april2011mor.pdf

                       About Wolverine Tube

Huntsville, Alabama-based Wolverine Tube, Inc., is a global
manufacturer and distributor of copper and copper alloy tube,
fabricated products, and metal joining products.  The Company
currently operates seven facilities in the United States, Mexico,
China, and Portugal.  It also has distribution operations in the
Netherlands and the United States.

Wolverine Tube sought Chapter 11 bankruptcy protection (Bankr. D.
Del. Case No. 10-13522) on Nov. 1, 2010.  Mark E. Felger, Esq.,
and Simon E. Fraser, Esq., at Cozen O'Connor represent the Debtor.
Scott K. Rutsky, Esq., and Adam T. Berkowitz, Esq., at Proskauer
Rose LLP, serve as the Debtor's special corporate and tax counsel.
Deloitte Financial Advisory Services LLP is the Debtor's financial
advisor.  Donlin Recano & Company, Inc., is the Debtor's claim
agent.  The Debtor disclosed $115 million in total assets and
$237 million in total debts at the time of the filing.

Affiliates Tube Forming, L.P. (Bankr. D. Del. Case No. 10-13523),
Wolverine Joining Technologies, LLC (Bankr. D. Del. Case No.
10-13524), TF Investor Inc. (Bankr. D. Del. Case No. 10-13525),
and WT Holding Company, Inc. (Bankr. D. Del. Case No. 10-13526)
filed separate Chapter 11 petitions.

No official committee of unsecured creditors has been appointed in
the case.

As reported in the TCR on April 21, 2011, Wolverine Tube filed
with the U.S. Bankruptcy Court a First Amended Chapter 11 Plan of
Reorganization and related Disclosure Statement.

The Court subsequently signed an order approving the Disclosure
Statement.


                           *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers"
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

A list of Meetings, Conferences and Seminars appears in each
Wednesday's edition of the TCR.  Submissions about insolvency-
related conferences are encouraged.  Send announcements to
conferences@bankrupt.com/

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

For copies of court documents filed in the District of Delaware,
please contact Vito at Parcels, Inc., at 302-658-9911.  For
bankruptcy documents filed in cases pending outside the District
of Delaware, contact Ken Troubh at Nationwide Research &
Consulting at 207/791-2852.

                           *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors" Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Frederick, Maryland,
USA.  Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Howard C. Tolentino, Joseph Medel C. Martirez, Denise
Marie Varquez, Ronald C. Sy, Joel Anthony G. Lopez, Cecil R.
Villacampa, Sheryl Joy P. Olano, Carlo Fernandez, Christopher G.
Patalinghug, and Peter A. Chapman, Editors.

Copyright 2011.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
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herein is obtained from sources believed to be reliable, but is
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