TCR_Public/130827.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

             Tuesday, August 27, 2013, Vol. 17, No. 237


                            Headlines

ACTIVECARE INC: Delays Second Quarter Form 10-Q
ADIRONDACK MANOR: Case Summary & 3 Unsecured Creditors
AEROVISION HOLDINGS: Dismissal Hearing Continued to Sept. 24
AMERICAN AIRLINES: Says Plan Confirmable Even With Antitrust Suit
AMERICAN AIRLINES: No 'Plan B' If Merger With US Airways Fails

AMERICAN AIRLINES: Customers Oppose Plan Confirmation
AMERICAN AIRLINES: Names Initial Directors of Reorganized Company
AMERICAN ROADS: Bondholders Mount Opposition to Plan
AMERICAN MEDIA: Posts $765,000 Net Income in Fiscal 1st Quarter
AMERIGO ENERGY: Delays Form 10-Q for Second Quarter

AMINCOR INC: Incurs $1.9 Million Net Loss in Second Quarter
APPLIED DNA: Buys Back Series C Warrants From Crede for $10,000
ARMORWORKS ENTERPRISES: Can Employ Gallagher & Kennedy as Counsel
ARMORWORKS ENTERPRISES: Can Employ MCA as Financial Advisors
ARMORWORKS ENTERPRISES: MAC Packaging Added as Committee Member

ARMORWORKS ENTERPRISES: Maricopa Treas. Wants DIP Order Amended
AS SEEN ON TV: Incurs $533,500 Net Loss in June 30 Quarter
AVIS BUDGET: Moody's Keeps Notes Ratings over Zipcar Canada Pact
AXION INTERNATIONAL: Posts $3.1 Million Net Income in 2nd Quarter
BEAZER HOMES: NYSE Delists 7.25 Percent Tangible Equity Units

BENTLEY PREMIER: Can Use Cash Collateral Thru Sept. 3
BENTLEY PREMIER: Gets Court Nod to Files Schedules by Sept. 3
BENTLEY PREMIER: Wants to Hire Hiersche Hayward as Counsel
BENTLEY PREMIER: Pourchot Trust Seeks Dismissal of Chap. 11 Case
BERLIN & DENMAR: Forfeiture of Goldstein's Deposit Upheld

BIG M: Exclusive Filing Period Extended Until Nov. 4
BIOZONE PHARMACEUTICALS: Incurs $746,000 Net Loss in 2nd Qtr.
BOREAL WATER: Delays Form 10-Q for Second Quarter
BRUNET-SUAREZ INVESTMENT: Case Summary & Creditors List
CAMARILLO PLAZA: Plan to Be Funded by All-Cash Sale of Property

CANCER GENETICS: Offering 1.5 Million Common Shares
CAPMARK FINANCIAL: Wells Fargo Settles $28MM Swaps Suit
CASH STORE: Reports $6.8 Million Net Loss in June 30 Quarter
CASPIAN SERVICES: Delays Form 10-Q for Second Quarter
CETERA FINANCIAL: S&P Raises Issuer Credit Rating to 'B+'

CHINA TELETECH: Delays Form 10-Q for Second Quarter
CHRISTIAN BROTHERS: Deal with Abuse Claimants Pave Way for Plan
COATES INTERNATIONAL: Incurs $1.2 Million Net Loss in 2nd Qtr.
COMSTOCK RESOURCES: Moody's Affirms 'B2' Corp. Family Rating
COOPER-BOOTH: Aug. 28 Hearing on Exclusivity Extension

COOPER-BOOTH: Wants Lease Decision Period Extended Until Jan. 16
COUDERT BROTHERS: Dechert Can't Avoid Suit Over Paris Takeover
DATAJACK INC: Delays Form 10-Q for Second Quarter
DELPHI AUTOMOTIVE: Shares On a Roll Following Bankruptcy Exit
DETROIT, MI: Bankruptcy Court Rebukes Mediator Ethics Debate

DEWEY STRIP: Gets Court Nod to Hire Neal Wolf as Lead Counsel
DEWEY STRIP: Can Tap Womble Carlyle as Delaware Co-counsel
EASTERN HILLS: Richard W. Ward Approved as Counsel
EASTMAN KODAK: S&P Assigns Prelim. 'B-' CCR; Outlook Stable
ECO BUILDING: Amended Q2 Form 10-Q Shows $2.2 Million Net Loss

EDENOR SA: Buenos Aires Stock Exchange Revokes Suspension
EMPIRE RESORTS: Option to Lease EPT Property Extended to Aug. 23
ENERGYSOLUTIONS INC: Incurs $57.2 Million Net Loss in 2nd Quarter
ERF WIRELESS: Delays Form 10-Q for Second Quarter
ESP RESOURCES: Delays Form 10-Q for Second Quarter

EPAZZ INC: Delays Form 10-Q for Second Quarter
FIELD FAMILY: Wants Exclusivity Periods Extended Until February
FINJAN HOLDINGS: Incurs $1.2 Million Net Loss in 2nd Quarter
FIRST SECURITY: Incurs $4 Million Net Loss in Second Quarter
FLORIDA GAMING: Section 341(a) Meeting Set on October 4

FOURTH QUARTER PROPERTIES: Case Dismissal Hearing Continued
FRIENDFINDER NETWORKS: Incurs $10.3 Million Net Los in Q2
GENERAL STEEL: Delays Form 10-Q for Second Quarter
GEOMET INC: Posts $42.4 Million Net Income in Second Quarter
GLOBALSTAR INC: Incurs $126.3 Million Net Loss in 2nd Quarter

GORDIAN MEDICAL: Has Final OK to Incur DIP Financing of $4-Mil.
GORDIAN MEDICAL: Chapter 11 Plan Says All Claims Unimpaired
GRAYMARK HEALTHCARE: Conference Call Held to Discuss Q2 Results
GSW HOLDINGS: Plan Effective Date Occurred on July 23
HAAS ENVIRONMENTAL: U.S. Trustee Names Members to Creditors' Panel

HAAS ENVIRONMENTAL: Schedules Filing Deadline Extended to Sept. 3
HAAS ENVIRONMENTAL: PUEFC Balks at Bid to Use Cash Collateral
HALLWOOD GROUP: Incurs $357,000 Net Loss in Second Quarter
HARRISBURG, PA: Receiver Files Plan to Address $360MM Debt
HCSB FINANCIAL: Delays Q2 Form 10-Q to Complete Audit

HERCULES OFFSHORE: Now Owns 100% Equity Stake of Discovery
HOLLY CREST: Voluntary Chapter 11 Case Summary
HORIYOSHI WORLDWIDE: Delays Form 10-Q for Second Quarter
HORNE INTERNATIONAL: Delays Form 10-Q for Second Quarter
HUBER RENTAL: Case Summary & 8 Unsecured Creditors

HUSTAD INVESTMENT: Wants Case Conversion Motion Denied
IMH FINANCIAL: Delays Form 10-Q for Second Quarter
INDEPENDENCE TAX IV: Incurs $185,000 Net Loss in June 30 Qtr.
INFUSYSTEM HOLDINGS: Amends 2007 Stock Incentive Plan
INTERLEUKIN GENETICS: Incurs $1.7 Million Net Loss in Q2

INTERSTATE PROPERTIES: Court Cites Pre-Conditions to Dismissal
IPC INTERNATIONAL: Seeks to Sell Assets to UPS for $21.3-Mil.
IPC INTERNATIONAL: Has Interim Authority to Tap $8MM in DIP Loans
IPC INTERNATIONAL: Can Use Cash Collateral Until January 2014
IZEA INC: Amends First Quarter Form 10-Q

J.C. PENNEY: Pershing Square Held 17.7% Equity Stake at Aug. 12
KIDSPEACE CORP: Has Court Authority to Employ Grant Thornton
KIDSPEACE CORP: Hearing on Bid to Terminate Ombudsman on Sept. 3
KINGSBURY CORP: Plan Outline Hearing Continued to Sept. 25
LDK SOLAR: To Release Second Quarter Results Today

LEE'S FORD: Seeks $500,000 in DIP Loans from Community Trust Bank
LEE'S FORD: Chapter 11 Plan Offers Payment within 5 Years
LEHMAN BROTHERS: Sues German Entities to Recover $134MM Transfer
LIBERATOR INC: Extends Maturity of Convertible Note to 2014
LIME ENERGY: Delays Form 10-Q for Second Quarter

LMI AEROSPACE: Moody's Retains 'B1' Corp. Family Rating
LPATH INC: Offering $40 Million Class A Shares
MACROSOLVE INC: Hood & Associates Quits Due to Limited Staffing
MARINA BIOTECH: Assigns UNA Technology to Arcturus
METEX MANUFACTURING: Needs More Time for Another Asbestos Plan

MF GLOBAL: Escapes Warn Act Liability Completely
MI PUEBLO: Hires Bustamante as Counsel in Turlock Suit
MI PUEBLO: Taps Cavanagh as Counsel in Immigration, Custom Issues
MI PUEBLO: Littler Mendelson to Serve as Labor Counsel
MI PUEBLO: Hires Perkins Coie as IP Counsel

MMODAL INC: S&P Revises Outlook to Negative & Affirms 'B' CCR
MONTREAL MAINE: Allowed to Operate until Oct. 1
MPG OFFICE: Merger Agreement "Outside Date" Changed to Sept. 16
N-VIRO INTERNATIONAL: Delays Form 10-Q for Second Quarter
NNN PARKWAY: Sec. 341 Creditors' Meeting Set for Sept. 20

NNN PARKWAY: Court Extends Plan Filing Deadline to Aug. 30
NORTHCORE TECHNOLOGIES: Had C$303,000 Comprehensive Loss in Q2
NTELOS HOLDINGS: S&P Lowers Corporate Credit Rating to 'B'
OCEAN 4660: Hearing on Continued Use of Cash Collateral Today
OMNICARE INC: Moody's Rates New $424-Mil. Senior Notes 'Ba3'

OMNICOMM SYSTEMS: Stockholders Elect Three Directors
ORCHARD SUPPLY: Term Lenders Settle With Committee on Plan
ORCHARD SUPPLY: Great American Liquidating Outlets in Calif.
ORMET CORP: Borrowing $4 Million More Until Sale Closes
PATRIOT COAL: UMWA Statement on 8th Cir. BAP Decision

PEARL AT WEST: Voluntary Chapter 11 Case Summary
PERSONAL COMMUNICATIONS: Section 341(a) Meeting Set on Sept. 20
PETRON ENERGY: Bob Currier Named Chief Financial Officer
PETTERS COMPANY: GE Unit May Have Aided Ponzi Scheme, Judge Finds
PLC SYSTEMS: Posts $7.9 Million Net Income in Second Quarter

PLUG POWER: Incurs $9.3 Million Net Loss in Second Quarter
PROVISION HOLDING: Inks Advertising Agreement with Rite Aid
PRESSURE BIOSCIENCES: Incurs $1.2 Million Net Loss in Q2
PURADYN FILTER: Incurs $474,000 Net Loss in Second Quarter
QUALITY DISTRIBUTION: G. Enzor Succeeds T. White as New Chairman

RADIOSHACK CORP: William Nebes No Longer Serves as SVP-Mexico
REEVES DEVELOPMENT: Plan Outline Hearing Continued to Sept. 19
REFLECT SCIENTIFIC: Incurs $87,600 Net Loss in Second Quarter
REGIONAL EMPLOYERS: Sec. 341(a) Meeting Continued to Sept. 24
REGIONAL EMPLOYERS: Hearing on UST's Dismissal Bid on Sept. 3

RESIDENTIAL CAPITAL: To Present Plan for Confirmation on Nov. 19
REVSTONE INDUSTRIES: Has Until Oct. 31 to File Chapter 11 Plan
RICEBRAN TECHNOLOGIES: Incurs $1.9 Million Net Loss in Q2
SAEXPLORATION HOLDINGS: Gets Nasdaq Listing Non-Compliance Notice
SALON MEDIA: Incurs $688,000 Net Loss in June 30 Quarter

SAN BERNARDINO, CA: Judge's Ruling Looms on Bankruptcy, Pensions
SANTEON GROUP: Incurs $4,700 Net Loss in Second Quarter
SANUWAVE HEALTH: Incurs $818,000 Net Loss in Second Quarter
SCC KYLE: Court Denies Whitney Bank's Bid to Stay Plan Approval
SERVICEMASTER CO: S&P Lowers CCR to 'B-'; Outlook Stable

SIONIX CORP: To Restate March 31 Quarter Form 10-Q
SIONIX CORP: Delays Form 10-Q for Second Quarter
SOUTH LAKES DAIRY: Plan Approval Hearing Continued to Sept. 12
SOUTHERN MONTANA: Noteholders' $46MM Claim Waived in Amended Plan
SOUTHERN MONTANA: Can Access Cash Collateral Thru Year End

SOUTHERN MONTANA: Court OKs MRV's 2nd Round of Expanded Services
SPENDSMART PAYMENTS: Delays Form 10-Q for Second Quarter
STRAFFORD COUNTY, NH: Moody's Raises GO Bond Ratings to 'Ba1'
STUMP FUNERAL: Case Summary & 6 Unsecured Creditors
SUNVALLEY SOLAR: Incurs $157,000 Net Loss in Second Quarter

SYNAGRO TECHNOLOGIES: Exits Chapter 11 Under Control of EQT
TC GLOBAL: Intends to File Liquidation Plan
TELECONNECT INC: Incurs $906,000 Net Loss in June 30 Quarter
THERMON HOLDING: Moody's Withdraws B1 Ratings
TN-K ENERGY: Incurs $50,000 Net Loss in Second Quarter

TRANS-LUX CORP: Incurs $723,000 Net Loss in Second Quarter
TRIUS THERAPEUTICS: Norman Shifrin Files Lawsuit Over Merger Plan
UBS WILLOW: Two Law Firms File FINRA Arbitration Claim
UNILAVA CORP: Delays Form 10-Q for Second Quarter
UNITEK GLOBAL: Delays Second Quarter Form 10-Q for Restatement

US WIRELESS: Unveils Forward Guidance & Moving Forward Plans
USEC INC: Global X Held 23.1% Equity Stake at July 31
USMART MOBILE: Incurs $648,000 Net Loss in Second Quarter
VERITY CORP: Incurs $477,500 Net Loss in June 30 Quarter
VICTORY ENERGY: Delays Q2 Form 10-Q Due to Restatements

VISCOUNT SYSTEMS: Incurs C$707,000 Net Loss in Second Quarter
VISION INDUSTRIES: Delays Form 10-Q for Second Quarter
VISUALANT INC: Incurs $2.4 Million Net Loss in June 30 Quarter
VISUALANT INC: Authorized Common Shares Hiked to 500 Million
WATER'S EDGE: Case Summary & 18 Largest Unsecured Creditors

WESTERN EXPRESS: Default Risk Prompts Moody's to Cut CFR to Caa3
XTREME GREEN: Case Summary & 20 Largest Unsecured Creditors
YARWAY CORPORATION: Plan Filing Deadline Extended to Dec. 18
YESHIVA CHOFETZ: Section 341(a) Meeting Scheduled for Sept. 18

* Courts Split on Wage Garnishment as a Preference
* Two Bank Failures on Aug. 23 Bring 2013 Total to 20
* Bankers Brace for Fed Wind-Down
* Trump Institute Accused of Fraud by N.Y. Attorney General
* FDIC Waging Legal Battle Against Hundreds of Former Bank Leaders

* OTC Derivatives Rules' Benefits Outweigh Costs, Basel Group Says
* Moody's Notes Lukewarm Performance of Not-for-Profit Hospitals
* Moody's Notes Negative Effect of Insurers' Reliance on Captives
* Moody's Says Higher Rates Fuel Q2 Earnings for P&C Insurers
* Moody's Sees Better Macroeconomic Factors for US Life Insurers

* Moody's Canadian Wireless Market Entry Difficult for Newcomers
* California Personal Bankruptcy Filings Down 26% in First Half
* Mortgage Delinquency Rate Down 31% in July, LPS Report Shows

* Peter Schaeffer Joins GlassRatner's New York Office as Principal

* Large Companies With Insolvent Balance Sheets


                            *********


ACTIVECARE INC: Delays Second Quarter Form 10-Q
-----------------------------------------------
ActiveCare, Inc.'s quarterly report on Form 10-Q for the quarter
ended June 30, 2013, was not filed within the prescribed time
period because the management requires additional time to compile
and verify the data required to be included in the report.  The
report will be filed within five days of the date the original
report was due.

The Company expects to report an approximate $2,000,000 to
$4,000,000 increase in revenues when comparing the three months
ended June 30, 2013, to the corresponding period in 2012.

                          About ActiveCare

South West Valley City, Utah-based ActiveCare, Inc., is organized
into three business segments based primarily on the nature of the
Company's products.  The Stains and Reagents segment is engaged in
the business of manufacturing and marketing medical diagnostic
stains, solutions and related equipment to hospitals and medical
testing labs.  The CareServices segment is engaged in the business
of developing, distributing and marketing mobile health monitoring
and concierge services to distributors and customers.  The Chronic
Illness Monitoring segment is primarily engaged in the monitoring
of diabetic patients on a real time basis.

The Company's business plan is to develop and market products for
monitoring the health of and providing assistance to mobile and
homebound seniors and the chronically ill, including those who may
require a personal assistant to check on them during the day to
ensure their safety and well being.

ActiveCare incurred a net loss of $12.36 million for the year
ended Sept. 30, 2012, compared with a net loss of $7.89 million
during the prior year.  The Company's balance sheet at March 31,
2013, showed $10.95 million in total assets, $17.78 million in
total liabilities and a $6.82 million total stockholders' deficit.

Hansen, Barnett & Maxwell, P.C., in Salt Lake City, Utah, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Sept. 30, 2012, citing recurring
operating losses and an accumulated deficit which conditions raise
substantial doubt about the Company's ability to continue as a
going concern.


ADIRONDACK MANOR: Case Summary & 3 Unsecured Creditors
------------------------------------------------------
Debtor: Adirondack Manor HFA
        4 Chelsea Place, Suite 101
        Clifton Park, NY 12065

Bankruptcy Case No.: 13-12111

Chapter 11 Petition Date: August 22, 2013

Court: U.S. Bankruptcy Court
       Northern District of New York (Albany)

Judge: Robert E. Littlefield, Jr.

Debtor's Counsel: Donald W. Biggs, Esq.
                  O'CONNELL & ARONOWITZ, P.C.
                  206 West Bay Plaza
                  Plattsburgh, NY 12901
                  Tel: (518) 562-0600
                  E-mail: dwb@plattsburghlaw.com

Scheduled Assets: $1,502,267

Scheduled Liabilities: $6,700,236

A copy of the Company's list of its largest unsecured creditors
filed with the petition is available for free at:
http://bankrupt.com/misc/nynb13-12111.pdf

The petition was signed by James E. Kane, Jr., partner.


AEROVISION HOLDINGS: Dismissal Hearing Continued to Sept. 24
------------------------------------------------------------
The Bankruptcy Court approved an agreed order continuing until
Sept. 24, 2013, the hearing to consider the motion to dismiss the
Chapter 11 case of Aerovision Holdings 1 Corp.

As reported in the Troubled Company Reporter on Aug. 16, 2013, i3
Aircraft Holdings One, LLC, and Integration Innovation, Inc. --
i3 Parties -- have filed a motion to dismiss the Chapter 11 case
of Aerovision or, in the alternative, for relief from the
automatic stay.  The i3 Parties argue that the Debtor's purpose in
filing this Chapter 11 bankruptcy was to seek a friendlier forum
to derail ongoing state court litigation.  The i3 Parties argue
that the petition was filed in bad faith and as a mechanism to
forum shop.

The Debtor tells the bankruptcy court that it is not abusing the
judicial process or the purposes of the reorganization process.
The Debtor says that a legitimate and complex dispute exists
between the Debtor and its various creditors and other interested
parties.  In addition, the Debtor has not filed to delay or
frustrate the legitimate efforts of its "secured" creditors.

The Debtor says it does not have any secured creditors.  The
purpose of this bankruptcy filing was to provide the Debtor with
an opportunity to reorganize its affairs in an efficient and
expeditious manner.  To that end, the Debtor has filed a motion
for mediation with mediator Robert Furr.

The Debtor adds that a bona fide dispute exists between the Debtor
and its various unsecured creditors concerning the ownership of
the Aircraft and the rights and parties to the contract with the
Saudi Arabian government.  The Debtor said its principal undertook
significant effort and expense in procuring the Debtor's aircraft
and the Saudi contract.

The i3 Parties, according to the Debtor, have used illegitimate
means to attempt to obtain possession and ownership of the
aircraft.  A hearing in state court occurred with only one side
presenting their case due to a lack of proper notice to the Debtor
that evidence would be presented at that hearing.

The i3 Parties state that the Debtor could not be "financially
distressed" because on the statistical information section of
the petition, the Debtor lists assets of between $10 million and
$50 million and liabilities between $1 million and $10 million.

According to the Debtor, its schedules indicate assets of
$19,250,000, which already includes the aircraft at issue.
If the aircraft are deemed to not be owned by the Debtor, the
Debtor's assets will be significantly less than expected since the
aircraft are the Debtor's significant assets.  Many of the
Debtor's liabilities are also unknown because the Debtor is unsure
as to its liability, if any, to the various parties involved in
complex transactions.

The Debtor concedes that it filed the Chapter 11 bankruptcy
following Judge Maltz's June 19, 2013 state court ruling, but the
bankruptcy filing does not give rise to forum shopping.  The
question of the ownership of the aircraft is capable of being
addressed in and expeditious and cost-efficient manner through
this bankruptcy.

                About Aerovision Holdings 1 Corp.

Aerovision Holdings 1 Corp. filed a Chapter 11 petition (Bankr.
S.D. Fla. Case No. 13-24624) on June 21, 2013, in its home-town in
West Palm Beach, Florida.  Mark Daniels signed the petition as
president.  The Debtor estimated assets in excess of $10 million
and liabilities of $1 million to $10 million.  Craig I. Kelley,
Esq., at Kelley & Fulton, PL, serves as the Debtor's counsel.


AMERICAN AIRLINES: Says Plan Confirmable Even With Antitrust Suit
-----------------------------------------------------------------
AMR Corp. and its debtor affiliates defended their proposed plan
to get out of Chapter 11 protection, saying it is confirmable
even with the antitrust lawsuit filed by the U.S. Department of
Justice to block its $11 billion merger with US Airways Group
Inc.

In a 20-page document filed with the U.S. Bankruptcy Court for
the Southern District of New York, AMR argued the suit "does not
alter the fact that the plan satisfies the requirements of
Section 1129(a) of the Bankruptcy Code."

Stephen Karotkin, Esq., at Weil Gotshal & Manges LLP, in New
York, said the antitrust suit "potentially implicates" only two
provisions and won't prevent confirmation of the plan.

The AMR lawyer was referring to "the best interests" test set
forth in Section 1129(a)(7), and the feasibility requirement of
Section 1129(a)(11).

Section 1129(a)(7) requires a plan proponent to establish that
each creditor will receive at least as much under the proposed
plan as it would receive if the company's assets were liquidated.
The other provision provides that a plan may be approved only if
it is not likely to be followed by a liquidation or further
financial reorganization of the company.

According to Mr. Karotkin, AMR's liquidation analysis reflects
recoveries for unsecured creditors in a Chapter 7 liquidation
scenario ranging from 0% to 1.55% on their claims, and no
recovery for existing AMR stockholders.

Recoveries by creditors and shareholders under the proposed plan
"will exceed such liquidation amounts by orders of magnitude"
whether AMR prevails in the antitrust suit or the lawsuit is
settled, he said.

Mr. Karotkin also said the delay attendant to the antitrust suit
does not undermine the plan's feasibility.

According to the lawyer, the projected capital structure of the
new company has been designed to limit funded debt to levels that
provide the new company with "more than adequate flexibility" to
address any volatility in the airline business.

Mr. Karotkin also said that under the proposed plan, virtually
all of the pre-bankruptcy unsecured debt of AMR and its
affiliated debtors is being satisfied with equity in the new
company to eliminate those obligations as liabilities of the new
company.

Labor unions, creditors and a group of indenture trustees led by
The Bank of New York Mellon Trust Company N.A. also expressed
support for approval of the plan prior to the resolution of the
antitrust suit.

"A delay in entering the confirmation order would invite further
pre-confirmation proceedings in this court to promote the
parochial interests of particular constituencies," AMR's official
committee of unsecured creditors said in a court filing.

The Association of Professional Flight Attendants, which
represents more than 16,000 flight attendants at American
Airlines, said the resolution of the antitrust suit is
"immaterial" to the issue of whether the plan satisfies the
requirements for confirmation.

The Transport Workers Union of America said neither the filing of
the antitrust suit nor the outcome of that case is "relevant to
whether the plan is confirmable."  The union believes that the
merger would increase competition with other large carriers,
protect jobs, and offer passengers more options and better
services.

Meanwhile, the Justice Department said in a court filing it takes
no position as to whether AMR's plan should be confirmed now,
notwithstanding the pendency of the antitrust suit.

The Official Committee of Unsecured Creditors is represented by:

     Jay Goffman, Esq.
     SKADDEN, ARPS, SLATE, MEAGHER & FLOM LLP
     Four Times Square
     New York, NY 10036
     Tel: (212) 735-3000
     Email: jay.goffman@skadden.com

          - and -

     John Wm. Butler, Jr., Esq.
     Albert Hogan, III, Esq.
     John Lyons, Esq.
     Felicia Gerber Perlman, Esq.
     155 North Wacker Drive
     Chicago, IL 60606
     Tel: (312) 407-0700
     Email: jack.butler@skadden.com
            al.hogan@skadden.com
            john.lyons@skadden.com
            felicia.perlman@skadden.com

The ad hoc committee of AMR creditors is represented by:

     Gerard Uzzi, Esq.
     Atara Miller, Esq.
     Eric Stodola, Esq.
     MILBANK, TWEED, HADLEY & MCCLOY LLP
     1 Chase Manhattan Plaza
     New York, NY 10005
     Tel: (212) 530-5000
     Fax: (212) 822-567
     Email: guzzi@milbank.com
            estodola@milbank.com

The indenture trustees are represented by:

     Amy Caton, Esq.
     KRAMER LEVIN NAFTALIS & FRANKEL LLP
     1177 Avenue of the Americas
     New York, NY 10036
     Tel: (212) 715-9100
     Fax: (212) 715-8000

          - and -

     Edward Zujkowski, Esq.
     Thomas Pitta, Esq.
     EMMET, MARVIN & MARTIN LLP
     120 Broadway
     32nd Floor
     New York, NY 10271
     Tel: (212) 238-3000
     Fax: (212) 238-3100

          - and -

     Seth Lieberman, Esq.
     Patrick Sibley, Esq.
     PRYOR CASHMAN LLP
     7 Times Square
     New York, NY 10036-6569
     Tel: (212) 421-4100
     Fax: (212) 326-0806

APFA is represented by:

     Robert Clayman, Esq.
     N. Skelly Harper, Esq.
     GUERRIERI CLAYMAN BARTOS & PARCELLI P.C.
     1900 M Street, NW, Suite 700
     Washington, DC 20036
     Tel: (202) 624-7400
     Fax: (202) 624-7420
     Email: rclayman@geclaw.com
            sharper@geclaw.com

TWUA is represented by:

     Sharon Levine, Esq.
     Paul Kizel, Esq.
     S. Jason Teele, Esq.
     Tania Ingman, Esq.
     LOWENSTEIN SANDLER LLP
     1251 Avenue of the Americas
     New York, NY 10020

          - and -

     65 Livingston Avenue
     Roseland, New Jersey 07068
     Tel: (973) 597-2500
     Fax: (973) 597-2400
     Email: slevine@lowenstein.com
            pkizel@lowenstein.com
            steele@lowenstein.com
            tingman@lowenstein.com

The Justice Department is represented by:

     Preet Bharara
     United States Attorney

     Emily E. Daughtry
     David S. Jones
     Assistant United States Attorneys
     86 Chambers Street, 3rd Floor
     New York, New York 10007
     Tel: (212) 637-2777/2739
     Fax: (212) 637-2702
     Email: Emily.Daughtry@usdoj.gov
            David.Jones6@usdoj.gov

          - and -

     William J. Baer
     Assistant Attorney General for Antitrust

     William Stallings
     Chief, Transportation, Energy & Agriculture Section
     Antitrust Division
     U.S. Department of Justice
     450 Fifth Street, N.W., Suite 8000
     Washington, D.C. 20530
     Tel: (202) 514-9323
     Fax: (202) 307-2784
     Email: William.Stallings@usdoj.gov

                          DOJ Suit

Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that the U.S. Justice Department isn't telling a
bankruptcy judge whether he should or shouldn't approve the AMR
Corp. reorganization plan, despite the government's antitrust
lawsuit designed to bar a merger between American Airlines Inc.
and US Airways Group Inc.

The report relates that at the confirmation hearing for approval
of AMR's plan on Aug. 15, U.S. Bankruptcy Judge Sean Lane told
interested parties to submit briefs by Aug. 23 on the question of
whether he should go ahead and approve the plan, even though it
can't be implemented unless the suit begun by the government on
Aug. 13 is defeated or settled.  The Justice Department filed a
terse statement on Aug. 23 without taking a position on whether
the plan should be confirmed.  The government said it "can take a
significant amount of time to litigate" this type of antitrust
case.

AMR filed a brief urging Judge Lane to approve the plan.  The
airline said the government suit is "effectively the only
impediment" to implementation.  At the Aug. 15 hearing, Judge Lane
took all the evidence and arguments he needs to approve the plan,
according to AMR.

Mr. Rochelle notes that in technical terms, the issue of
feasibility is implicated by the government suit.  To satisfy the
feasibility requirement for plan confirmation, AMR must show it
can implement the plan and operate without further reorganization.

AMR said the feasibility test doesn't gauge "the likelihood of a
condition to the actual effectiveness and implementation of the
plan occurring."  If the government wins, AMR said it's a simple
matter of revoking confirmation and nullifying the plan.

According to Mr. Rochelle, even if no one submits papers opposing
confirmation, the law requires Judge Lane to make an independent
determination of whether confirmation requirements have been met.
He might view confirming the plan at this time as an exercise in
futility because the ability to merge depends on an assumption
that the government loses.  Even if AMR and US Airways were to
waive conditions in their merger agreement requiring no government
objection, the government likely could obtain a temporary
injunction should the airlines threaten to implement the merger.
If merger parties go ahead despite government opposition, "courts
almost always grant a temporary restraining order to preserve the
status quo pending a preliminary injunction hearing," according to
a treatise on antitrust law published by the Practicing Law
Institute.

Judge Lane, Mr. Rochelle states, could take a middle ground
between approving the plan and not.

In AMR's situation, plan approval is a two-step process.  Judge
Lane likely will first write an opinion explaining why he is
sustaining or overruling each of the remaining objections, such as
the question of whether bankruptcy law allows the merged airlines
to pay $20 million in severance to outgoing AMR Chief Executive
Officer Tom Horton.  The opinion published, a judge ordinarily
would then direct the company to submit a confirmation order
formally approving the plan and making whatever modifications the
judge required in the opinion.  Consequently, Judge Lane could
publish an opinion explaining that he will sign a confirmation
order once the antitrust suit is resolved.  That way, creditors
and customers would know the plan will be formally approved once
the government suit is determined.

The district judge handling the antitrust suit scheduled a
conference on Aug. 30 to settle on a trial schedule.  AMR wants
the trial to begin Nov. 12, while the government seeks to hold off
until Feb. 10.

AMR's is an atypical bankruptcy where the company is solvent. The
antitrust suit nonetheless punished AMR's stock.  From $5.81 a
share just before the suit, the stock plunged to $2.57 after three
days' trading.  It closed Friday at $3.14, up 7 cents in over-the-
counter trading.  The stock was at 40 cents in October, rising to
$1.30 before the merger was announced in February. The stock
posted a post-bankruptcy closing high of $6.85 on May 16.

The antitrust suit is U.S. v. US Airways Group Inc., 13-cv-1236,
U.S. District Court, District of Columbia.

                       About American Airlines

AMR Corp. and its subsidiaries including American Airlines, the
third largest airline in the United States, filed for bankruptcy
protection (Bankr. S.D.N.Y. Lead Case No. 11-15463) in Manhattan
on Nov. 29, 2011, after failing to secure cost-cutting labor
agreements.  AMR, previously the world's largest airline prior to
mergers by other airlines, is the last of the so-called U.S.
legacy airlines to seek court protection from creditors.

Weil, Gotshal & Manges LLP serves as bankruptcy counsel to the
Debtors.  Paul Hastings LLP and Debevoise & Plimpton LLP Groom Law
Group, Chartered, are on board as special counsel.  Rothschild
Inc., is the financial advisor.  Garden City Group Inc. is the
claims and notice agent.

Jack Butler, Esq., John Lyons, Esq., Felecia Perlman, Esq., and
Jay Goffman, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP
serve as counsel to the Official Committee of Unsecured Creditors
in AMR's chapter 11 proceedings.  Togut, Segal & Segal LLP is the
co-counsel for conflicts and other matters; Moelis & Company LLC
is the investment banker, and Mesirow Financial Consulting, LLC,
is the financial advisor.

The Retiree Committee is represented by Jenner & Block LLP's
Catherine L. Steege, Esq., Charles B. Sklarsky, Esq., and Marc B.
Hankin, Esq.

AMR and US Airways Group, Inc., on Feb. 14, 2013, announced a
definitive merger agreement under which the companies will combine
to create a premier global carrier, which will have an implied
combined equity value of approximately $11 billion.  The deal is
subject to clearance by U.S. and foreign regulators and by the
bankruptcy judge overseeing AMR's bankruptcy case.

In April 2013, AMR filed a Chapter 11 plan of reorganization that
will carry out the merger.  By distributing stock in the merged
airlines, the plan is designed to pay all creditors in full, with
interest.

Bankruptcy Creditors' Service, Inc., publishes AMERICAN AIRLINES
BANKRUPTCY NEWS.  The newsletter tracks the Chapter 11 proceeding
undertaken by AMR Corp. and its affiliates.
(http://bankrupt.com/newsstand/or 215/945-7000)


AMERICAN AIRLINES: No 'Plan B' If Merger With US Airways Fails
--------------------------------------------------------------
American Airlines Inc.'s general counsel said the carrier has no
"contingency plan" if the $11 billion merger with US Airways
Group Inc. fails, according to a report by Mark Curriden of the
Dallas Morning News.

"We are focusing all of our efforts and energies on winning this
lawsuit.  There's no Plan B," Gary Kennedy said, referring to the
antitrust lawsuit filed by the U.S. Department of Justice, Texas
Attorney General Greg Abbott and five other states to block the
merger.

Mr. Kennedy said American Airlines will vigorously fight the
antitrust lawsuit.

"Our bankruptcy exit plan has as its centerpiece this merger," he
said.  "If the merger, hypothetically, doesn't go forward, then
we have to go back to the bankruptcy court with a new plan," the
news agency quoted him as saying.

Mr. Kennedy also said that a settlement with Justice Department
is "highly unlikely" but American Airlines is open to negotiating
a settlement.

AMR Corp., the parent company of American Airlines, and US
Airways said that they have filed court papers asking the U.S.
District Court for the District of Columbia to set the trial of
the complaint for Nov. 12.

The airlines noted in the court filing that the Justice
Department is seeking a trial date of Feb. 10, at the earliest.
They stressed that the merger pact has a termination clause that
gives either side the right to terminate the deal on Dec. 13 if
the necessary regulatory hurdles haven't yet been cleared,
according to a report by Susan Carey of The Wall Street Journal.

The airlines said the deadline adds to the "uncertainty" for the
airlines' employees and customers if the government's proposal
for a later trial date is accepted.

"We are eager to show that the DOJ's action would deny millions
of customers access to a more competitive airline that will offer
customers what they want, delivering significant benefits to
consumers, communities and employees," Doug Parker, US Airways
Chairman and CEO, said in an Aug. 22 statement.

               Officials in Three States Fight Suit

Kevin Gray and Karen Jacobs, writing for Reuters, reported that
officials in Florida, Texas and North Carolina, which are home to
large hubs for the two airlines, have asked the Justice
Department and supporting states to reconsider the lawsuit.

Among the local political officials is Miami-Dade mayor Carlos
Gimenez who called on U.S. Attorney General Eric Holder to drop
the lawsuit.

"American Airlines is a vitally important part of our work
force," Reuters quoted Mr. Gimenez as saying.  "It's vitally
important that American be allowed to come out of bankruptcy and
expand their footprint."

The airline is a large private employer in Miami-Dade County and
operates around 70% of the flights at the Miami airport.

Other groups supporting the merger include the top Chamber of
Commerce executives in Wilmington, N.C., and in Dallas and Fort
Worth, Texas, Reuters reported.

Connie Majure-Rhett, president and chief executive of the Chamber
of Commerce in Wilmington, N.C., expressed hope the Wilmington
airport might regain its direct flight to Chicago, one of its
most traveled-to destinations for business travelers, in the
merger of the two airlines.

In Texas, the heads of the Chambers of Commerce in Dallas and
Fort Worth, where the merged company would be based, sent a
letter to that state's attorney general asking him to withdraw
his support for the lawsuit, according to the report.

"By any stretch of the imagination, having what the press refers
to as the 'World's Largest Airline' based in Texas, makes our
state more competitive," Dallas Regional Chamber President James
Oberwetter and Fort Worth Chamber President Bill Thornton wrote.

             Pilots Criticize Abbott's Part in Suit

Sheryl Jean, writing for The Dallas Morning News, reported that
the union representing American Airlines' pilots criticized Mr.
Abbott for joining the lawsuit.

"For the sake of American Airlines, its many Texas-based workers
and the economic well-being of this great state, we hope you'll
reconsider your position," the Allied Pilots Association pleaded
in an ad in a Dallas Morning News edition.

The pilots' union noted that the airline is the largest employer
in North Texas, "directly employing tens of thousands of
hardworking, middle-class Texans and indirectly supporting many
more jobs and businesses."

The union said the failure to merge will leave the airline weaker
and threaten even more of the Texas routes that the state's
attorney general had hoped to preserve.

The Justice Department filed the antitrust lawsuit earlier this
month to block the merger for fear it would curb competition in
over 1,000 city pairs served by the two carriers, which include
Charlotte, N.C.-Dallas; Charlotte-Durango, Colo.; Dallas-
Philadelphia; and Kahului, Hawaii-Tampa, Fla.

The agency said the combination would create four out-and-out
monopolies, albeit on secondary routes, and would reduce
competition on more than 1,000 routes.

                       About American Airlines

AMR Corp. and its subsidiaries including American Airlines, the
third largest airline in the United States, filed for bankruptcy
protection (Bankr. S.D.N.Y. Lead Case No. 11-15463) in Manhattan
on Nov. 29, 2011, after failing to secure cost-cutting labor
agreements.  AMR, previously the world's largest airline prior to
mergers by other airlines, is the last of the so-called U.S.
legacy airlines to seek court protection from creditors.

Weil, Gotshal & Manges LLP serves as bankruptcy counsel to the
Debtors.  Paul Hastings LLP and Debevoise & Plimpton LLP Groom Law
Group, Chartered, are on board as special counsel.  Rothschild
Inc., is the financial advisor.  Garden City Group Inc. is the
claims and notice agent.

Jack Butler, Esq., John Lyons, Esq., Felecia Perlman, Esq., and
Jay Goffman, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP
serve as counsel to the Official Committee of Unsecured Creditors
in AMR's chapter 11 proceedings.  Togut, Segal & Segal LLP is the
co-counsel for conflicts and other matters; Moelis & Company LLC
is the investment banker, and Mesirow Financial Consulting, LLC,
is the financial advisor.

The Retiree Committee is represented by Jenner & Block LLP's
Catherine L. Steege, Esq., Charles B. Sklarsky, Esq., and Marc B.
Hankin, Esq.

AMR and US Airways Group, Inc., on Feb. 14, 2013, announced a
definitive merger agreement under which the companies will combine
to create a premier global carrier, which will have an implied
combined equity value of approximately $11 billion.  The deal is
subject to clearance by U.S. and foreign regulators and by the
bankruptcy judge overseeing AMR's bankruptcy case.

In April 2013, AMR filed a Chapter 11 plan of reorganization that
will carry out the merger.  By distributing stock in the merged
airlines, the plan is designed to pay all creditors in full, with
interest.

Bankruptcy Creditors' Service, Inc., publishes AMERICAN AIRLINES
BANKRUPTCY NEWS.  The newsletter tracks the Chapter 11 proceeding
undertaken by AMR Corp. and its affiliates.
(http://bankrupt.com/newsstand/or 215/945-7000)


AMERICAN AIRLINES: Customers Oppose Plan Confirmation
-----------------------------------------------------
Customers of American Airlines Inc. asked Judge Sean Lane to deny
confirmation of the plan proposed by the carrier to get out of
bankruptcy protection.

The group said the restructuring plan is not feasible in light of
the antitrust lawsuits filed by the group and the U.S. Department
of Justice to block the carrier's $11 billion merger with US
Airways Group Inc.

According to the group, failure of the merger, which is the core
of the restructuring plan, would render the plan unfeasible.  It
also noted that the plan does not provide for an alternative
should the merger fall through on antitrust grounds.

The group filed the lawsuit for fear the merger would reduce
competition, and would lead to fewer flights, increase in prices
and fares, elimination of jobs and lower quality of service.

The group is represented by:

     David J. Cook, Esq.
     Cook Collection Attorneys PLC
     165 Fell Street
     San Francisco, CA 94102
     Tel: (415) 989-4730
     Fax: (415) 989-0491
     Email: Cook@squeezebloodfromtumip.com

          - and -

     Joseph M. Alioto, Esq.
     Theresa D. Moore, Esq.
     Jamie L. Miller, Esq.
     ALIOTO LAW FIRM
     One Sansomc Street, 35th Floor
     San Francisco, CA 94104
     Tel: (415) 434-8900
     Fax: (415) 434-9200
     Email: josephalioto@mac.com

          - and -

     Gil D. Messina, Esq.
     MESSINA LAW FIRM P.C.
     961 Holmdel Road
     Holmdel, NJ 07733
     Tel: (742) 332-9300
     Fax: (742) 332-9301
     Email: gmessina@messinalawfinn.com
            Tmay@messinalawfirm.com

          - and -

     Robert Ross Fogg, Esq.
     LAW OFFICE OF ROBERT ROSS FOGG, ESQ. LLM
     69 Delaware Avenue, Suite 600
     Buffalo, New York 14202
     Tel: (716) 853-3644

          - and -

     Haslet Boone, Esq.
     LAW OFFICES OF JOHN H. BOONE
     4319 Sequoia Drive
     Oakley, CA 94561
     Tel: (415) 434-8900
     Fax: (415) 434-9200
     Email: deacon38@g}uail.com

          - and -

     Derek G. Howard, Esq.
     MINAMI TAMAKI LLP
     360 Post Street, 8th Floor
     San Francisco, CA 94109
     Tel: (415) 788-9000
     Fax: (415) 398-3887
     Email: Dhoward@minamitamaki.com

                       About American Airlines

AMR Corp. and its subsidiaries including American Airlines, the
third largest airline in the United States, filed for bankruptcy
protection (Bankr. S.D.N.Y. Lead Case No. 11-15463) in Manhattan
on Nov. 29, 2011, after failing to secure cost-cutting labor
agreements.  AMR, previously the world's largest airline prior to
mergers by other airlines, is the last of the so-called U.S.
legacy airlines to seek court protection from creditors.

Weil, Gotshal & Manges LLP serves as bankruptcy counsel to the
Debtors.  Paul Hastings LLP and Debevoise & Plimpton LLP Groom Law
Group, Chartered, are on board as special counsel.  Rothschild
Inc., is the financial advisor.  Garden City Group Inc. is the
claims and notice agent.

Jack Butler, Esq., John Lyons, Esq., Felecia Perlman, Esq., and
Jay Goffman, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP
serve as counsel to the Official Committee of Unsecured Creditors
in AMR's chapter 11 proceedings.  Togut, Segal & Segal LLP is the
co-counsel for conflicts and other matters; Moelis & Company LLC
is the investment banker, and Mesirow Financial Consulting, LLC,
is the financial advisor.

The Retiree Committee is represented by Jenner & Block LLP's
Catherine L. Steege, Esq., Charles B. Sklarsky, Esq., and Marc B.
Hankin, Esq.

AMR and US Airways Group, Inc., on Feb. 14, 2013, announced a
definitive merger agreement under which the companies will combine
to create a premier global carrier, which will have an implied
combined equity value of approximately $11 billion.  The deal is
subject to clearance by U.S. and foreign regulators and by the
bankruptcy judge overseeing AMR's bankruptcy case.

In April 2013, AMR filed a Chapter 11 plan of reorganization that
will carry out the merger.  By distributing stock in the merged
airlines, the plan is designed to pay all creditors in full, with
interest.

Bankruptcy Creditors' Service, Inc., publishes AMERICAN AIRLINES
BANKRUPTCY NEWS.  The newsletter tracks the Chapter 11 proceeding
undertaken by AMR Corp. and its affiliates.
(http://bankrupt.com/newsstand/or 215/945-7000)


AMERICAN AIRLINES: Names Initial Directors of Reorganized Company
-----------------------------------------------------------------
AMR Corp. filed a fourth addendum to the Plan of Reorganization
disclosing that Thomas Horton, W. Douglas Parker, and Stephen
Johnson will serve as the initial directors of these reorganized
companies, each of which will be a direct or indirect subsidiary
of the merged company:

     * Admirals Club, Inc.
     * American Airlines Realty (NYC) Holdings, Inc.
     * American Airlines, Inc.
     * American Eagle Airlines, Inc.
     * Americas Ground Services, Inc.
     * AMR Eagle Holding Corporation
     * Business Express Airlines, Inc.
     * Eagle Aviation Services, Inc.
     * Executive Airlines, Inc.
     * Executive Ground Services, Inc.
     * PMA Investment Subsidiary, Inc.
     * Reno Air, Inc.
     * SC Investment, Inc.

AMR also disclosed that AA Real Estate Holding GP LLC, American
Airlines IP Licensing Holding LLC, American Airlines Marketing
Services LLC, American Airlines Vacations LLC, and American
Aviation Supply LLC will be managed by their sole member, which
in each case will be American Airlines, Inc.

AA Real Estate Holding GP LLC will continue to be the sole
general partner of AA Real Estate Holding L.P., AMR further said.

                       About American Airlines

AMR Corp. and its subsidiaries including American Airlines, the
third largest airline in the United States, filed for bankruptcy
protection (Bankr. S.D.N.Y. Lead Case No. 11-15463) in Manhattan
on Nov. 29, 2011, after failing to secure cost-cutting labor
agreements.  AMR, previously the world's largest airline prior to
mergers by other airlines, is the last of the so-called U.S.
legacy airlines to seek court protection from creditors.

Weil, Gotshal & Manges LLP serves as bankruptcy counsel to the
Debtors.  Paul Hastings LLP and Debevoise & Plimpton LLP Groom Law
Group, Chartered, are on board as special counsel.  Rothschild
Inc., is the financial advisor.  Garden City Group Inc. is the
claims and notice agent.

Jack Butler, Esq., John Lyons, Esq., Felecia Perlman, Esq., and
Jay Goffman, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP
serve as counsel to the Official Committee of Unsecured Creditors
in AMR's chapter 11 proceedings.  Togut, Segal & Segal LLP is the
co-counsel for conflicts and other matters; Moelis & Company LLC
is the investment banker, and Mesirow Financial Consulting, LLC,
is the financial advisor.

The Retiree Committee is represented by Jenner & Block LLP's
Catherine L. Steege, Esq., Charles B. Sklarsky, Esq., and Marc B.
Hankin, Esq.

AMR and US Airways Group, Inc., on Feb. 14, 2013, announced a
definitive merger agreement under which the companies will combine
to create a premier global carrier, which will have an implied
combined equity value of approximately $11 billion.  The deal is
subject to clearance by U.S. and foreign regulators and by the
bankruptcy judge overseeing AMR's bankruptcy case.

In April 2013, AMR filed a Chapter 11 plan of reorganization that
will carry out the merger.  By distributing stock in the merged
airlines, the plan is designed to pay all creditors in full, with
interest.

Bankruptcy Creditors' Service, Inc., publishes AMERICAN AIRLINES
BANKRUPTCY NEWS.  The newsletter tracks the Chapter 11 proceeding
undertaken by AMR Corp. and its affiliates.
(http://bankrupt.com/newsstand/or 215/945-7000)


AMERICAN ROADS: Bondholders Mount Opposition to Plan
----------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that holders of American Roads LLC secured bonds aren't
going down without a fight.

The report relates that the highway operator that owns the mile-
long Detroit Windsor Tunnel began a prepackaged Chapter 11
reorganization on July 25 in New York proposing to extinguish
$334 million in bonds without giving anything to the holders.  The
plan would give sole ownership to Syncora Guarantee Inc. in
exchange for debt.  Syncora became a creditor by guaranteeing $496
million in swap liability.

The report discloses that with Syncora being the only creditor
to vote on the plan, Detroit-based American Roads scheduled an
Aug. 28 confirmation hearing for approval of the plan.

Although the U.S. Trustee was unable to form a committee of
unsecured creditors, an ad hoc group of bondholders assembled and
filed objections to plan approval.  The bondholders also filed
papers asking U.S. Bankruptcy Judge Burton R. Lifland to postpone
the plan-approval hearing for 60 days.  The bondholders challenge
legal assumptions in the plan and say that disclosure materials
were faulty.  The bondholders don't believe that all of Syncora's
debt comes ahead of the bonds.  They see the disclosure as
inadequate because it didn't tell creditors about settlement of a
lawsuit where Syncora alleged that American Roads and its managers
"defrauded numerous creditors."

The bondholders, the report discloses, therefore believe it's
improper for the plan to bar claims they might have against
company management.  The ad hoc group points to Syncora's lawsuit
begun in April 2012 where the bond insurer contended that the
company "engaged in massive fraud that hid the inability of the
debtors to generate sufficient funds to service their debt."  The
bondholders also question the valuation underpinning the plan and
justifying a wipeout. The valuation by American Road's financial
adviser Greenhill & Co. Inc. came up with a midpoint valuation of
$205 million.

The disclosure statement shows Syncora's recovery from 58.4
percent to 64.4 percent.

                     About American Roads

American Roads LLC, aka Alinda Roads LLC, which operates highways
including the mile-long Detroit Windsor Tunnel linking the U.S.
with Canada, sought bankruptcy court protection (Bankr. S.D.N.Y.
Case No. 13-12412) in the Southern District of New York on
July 25, 2013, citing $830 million in debt related to swaps and
bonds.  The case is assigned to Judge Burton R. Lifland.

Sean A. O'Neal, Esq., and Louis A. Lipner, Esq., at Cleary
Gottlieb Steen & Hamilton, LLP, represent the Debtors.  Greenhill
& Co., LLC, and Protiviti, Inc., serve as the Debtors' financial
advisor.


AMERICAN MEDIA: Posts $765,000 Net Income in Fiscal 1st Quarter
---------------------------------------------------------------
American Media, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing net income
of $765,000 on $90.39 million of total operating revenues for the
three months ended June 30, 2013, as compared with a net loss of
$1.25 million on $87.22 million of total operating revenues for
the same period during the prior year.

American Media incurred a net loss of $55.54 million on $348.52
million of total operating revenues for the fiscal year ended
March 31, 2013, as compared with net income of $22.29 million on
$386.61 million of total operating revenues for the fiscal year
ended March 31, 2012.

The Company's balance sheet at June 30, 2013, showed $593.16
million in total assets, $667.12 million in total liabilities, $3
million in redeemable noncontrolling interest and a $76.95 million
total stockholders' deficit.

A copy of the Form 10-Q is available for free at:

                        http://is.gd/mPuANm

                        About American Media

Based in New York, American Media, Inc., publishes celebrity
journalism and health and fitness magazines in the U.S.  These
include Star, Shape, Men's Fitness, Fit Pregnancy, Natural Health,
and The National Enquirer.  In addition to print properties, AMI
manages 14 different Web sites.  The company also owns
Distribution Services, Inc., the country's #1 in-store magazine
merchandising company.

American Media, Inc., and 15 units, including American Media
Operations, Inc., filed for Chapter 11 protection in Manhattan
(Bankr. S.D.N.Y. Case No. 10-16140) on Nov. 17, 2010, with a
prepackaged plan. The Debtors emerged from Chapter 11
reorganization in December 2010, handing ownership to former
bondholders.  The new owners include hedge funds Avenue Capital
Group and Angelo Gordon & Co.

                           *     *     *

As reported by the TCR on Jan. 22, 2013, Standard & Poor's Ratings
Services lowered its corporate credit rating on Boca Raton, Fla.-
based American Media Inc. to 'CCC+ ' from 'B-'.

"The downgrade conveys our expectation that continued declines in
circulation and advertising revenues will outweigh the company's
cost reductions, resulting in deteriorating operating performance,
rising debt leverage, and thinning discretionary cash flow," said
Standard & Poor's credit analyst Hal Diamond.


AMERIGO ENERGY: Delays Form 10-Q for Second Quarter
---------------------------------------------------
Amerigo Energy, Inc., notified the U.S. Securities and Exchange
Commission that it will be delayed in the filing of its quarterly
report on Form 10-Q for the period ended June 30, 2013.  The
Company said the process of compiling and disseminating the
information required to be included in the Form 10-Q, as well as
the completion of the required review of the Company's financial
information, could not be completed without incurring undue
hardship and expense.  The Company undertakes the responsibility
to file that quarterly report no later than five days after its
original date.

                           About Amerigo

Henderson, Nevada-based Amerigo Energy, Inc., is aggressively
looking for potential oil leases to acquire as well as businesses
which will fit with the Company's strategy.  Its wholly-owned
subsidiary, Amerigo, Inc., incorporated in Nevada on Jan. 11,
2008, holds minimal assets, including oil lease interests.

The Company's balance sheet at March 31, 2013, showed $2.3 million
in total assets, $2.5 million in total liabilities, and a
stockholders' deficit of $244,148.

"As a result of Amerigo Energy's deficiency in working capital at
Dec. 31, 2012, and other factors, Amerigo Energy's auditors have
stated in their report that there is substantial doubt about
Amerigo Energy's ability to continue as a going concern.  In
addition, Amerigo Energy's cash position is inadequate to pay the
costs associated  with its operations.  No assurance can be given
that any debt or equity financing, if and when required, will be
available," the Company said in its quarterly report for the three
months ended March 31, 2013.


AMINCOR INC: Incurs $1.9 Million Net Loss in Second Quarter
-----------------------------------------------------------
Amincor, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $1.90 million on $7.04 million of net revenues for the three
months ended June 30, 2013, as compared with a net loss of $2.14
million on $12.83 million of net revenues for the same period last
year.

For the six months ended June 30, 2013, the Company reported a net
loss of $4.39 million on $14.01 million of net revenues, as
compared with a net loss of $4.75 million on $26.50 million of net
revenues for the same period a year ago.

The Company's balance sheet at June 30, 2013, showed $33.75
million in total assets, $36.03 million in total liabilities and a
$2.27 million total deficit.

A copy of the Form 10-Q is available for free at:

                        http://is.gd/2CfSNb

                          About Amincor Inc.

New York, N.Y.-based Amincor, Inc., is a holding company operating
through its operating subsidiaries Baker's Pride, Inc.,
Environmental Holdings Corp. and Tyree Holdings Corp., and Amincor
Other Assets, Inc.

BPI is a producer of bakery goods.  Tyree performs maintenance,
repair and construction services to customers with underground
petroleum storage tanks and petroleum product dispensing
equipment.

Through its wholly owned subsidiaries, Environmental Quality
Services, Inc., and Advanced Waste & Water Technology, Inc., EHC
provides environmental and hazardous waste testing and water
remediation services in the Northeastern United States.

Other Assets, Inc., was incorporated to hold real estate,
equipment and loan receivables.  As of March 31, 2013, all of
Other Assets' real estate and equipment are classified as held for
sale.

As reported in the TCR on April 24, 2013, Rosen Seymour Shapss
Martin & Company, in New York, expressed substantial doubt about
Amincor's ability to continue as a going concern, citing the
Company's recurring net losses from operations and working capital
deficit of $21.2 million as of Dec. 31, 2012.


APPLIED DNA: Buys Back Series C Warrants From Crede for $10,000
---------------------------------------------------------------
Applied DNA Sciences, Inc., exercised its option to repurchase the
Series C Warrants issued to Crede CG III, Ltd., for $10,000.  The
Series C Warrants held by Crede were to initially purchase
26,737,967 shares of the Company's common stock, $.001 par value,
at an initial exercise price per share of $.2431.  The Series C
Warrants were issued to Crede in connection with its $7.5 million
investment in the Company pursuant to a Securities Purchase
Agreement with the Company dated July 19, 2013.

In addition, on Aug. 14, 2013, the Company exercised its option
and converted the Series B Convertible Preferred Stock, held by
Crede into 42,307,692 shares of the Company's common stock at a
conversion price of $0.13 per share.  On July 31, 2013, the second
closing of the Company's transaction with Crede occurred at which
Crede purchased 5,500 shares of Series B Preferred at a price of
$1,000 per share with gross proceeds received by the Company of
$5,500,000.

                        About Applied DNA

Stony Brook, N.Y.-based Applied DNA Sciences, Inc., is principally
devoted to developing DNA embedded biotechnology security
solutions in the United States.  The Company's shares of common
stock are quoted on the OTC Bulletin Board under the symbol
"APDN."

Applied DNA incurred a net loss of $7.15 million for the
year ended Sept. 30, 2012, compared with a net loss of $10.51
million for the year ended Sept. 30, 2011.  The Company's balance
sheet at March 31, 2013, showed $5.07 million in total assets,
$8.84 million in total liabilities and a $3.77 million total
stockholders' deficit.


ARMORWORKS ENTERPRISES: Can Employ Gallagher & Kennedy as Counsel
-----------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Arizona authorized
Armorworks Enterprises, LLC, and TechFiber, LLC, to employ
Gallagher & Kennedy, P.A., as general bankruptcy and restructuring
counsel.

The firm will charge the Debtors on an hourly basis at these
rates:

   John R. Clemency, Esq. -- john.clemency@gknet.com     $575
   Todd A. Burgess, Esq. -- todd.burgess@gknet.com       $495
   Julie Rystad, Esq. -- julie.rystad@gknet.com          $450
   Lindsi M. Weber, Esq. -- lindsi.weber@gknet.com       $350
   Rachel Milazzo, Paralegal                             $240

Other G&K attorneys and paralegals may render services to the
Debtors as needed.  Attorneys will charge $300 to $650 per hour
and paralegals will bill $240 to $250 per hour.

                   About ArmorWorks Enterprises

Military armor systems provider ArmorWorks Enterprises, LLC, and
affiliate TechFiber LLC sought Chapter 11 protection (Bankr. D.
Ariz. Case Nos. 13-10332 and 13-10333) in Phoenix on June 17,
2013, along with a plan that resolves a dispute with a minority
shareholder and $3.5 million of financing that would save the
company from running out of cash.

ArmorWorks develops advanced survivability technology and designs
and manufactures armor and protective products.  ArmorWorks has
produced over 1.25 million ceramic armor and composite armor
protection components for a variety of personnel armor, aircraft,
and vehicle applications.

The Debtors have tapped Todd A. Burgess, Esq., at Gallagher &
Kennedy, as counsel; and MCA Financial Group, Ltd., as financial
advisor.  ArmorWorks estimated $10 million to $50 million in
assets and liabilities.

As of May 26, 2012, ArmorWorks had total assets of $30.9 million
and total liabilities of $12.04 million.

The Plan would resolve the ongoing dispute with C Squared by
allowing ArmorWorks to redeem C Squared's 40% minority interest,
or alternatively, allow C Squared to purchase the 60% majority
interest of AWI.

ArmorWorks and TechFiber sought and obtained an order (i)
transferring the In re TechFiber, LLC chapter 11 case to the
Honorable Brenda Moody Whinery, the judge assigned to the
ArmorWorks Chapter 11 case, and (ii) authorizing the joint
administration of the Debtors' cases.


ARMORWORKS ENTERPRISES: Can Employ MCA as Financial Advisors
------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Arizona authorized
Armorworks Enterprises, LLC, and TechFiber, LLC, to employ MCA
Financial Group LTD. as financial advisor.

MCA, as the Debtors' financial advisor, will, among other things,
assist with the preparation of statements and schedules, DIP and
cash collateral budgets and forecasts, perform valuation and
feasibility analysis, and to assist with formulation, negotiation,
and confirmation of a chapter 11 reorganization plan.

The current hourly rates for MCA's professionals expected to have
primary responsibility for the engagement are:

   Morris C. Aaron -- maaron@mca-financial.com         $425
   Paul Roberts -- proberts@mca-financial.com          $350
   Karrilyn Thomas -- kthomas@mca-financial.com        $350
   Brian McHugh -- bmchugh@mca-financial.com           $295

Other MCA professionals and paraprofessionals may render services
to the Debtors as needed.  Generally, MCA's hourly rates fall
within the following ranges:

      Senior Managing Directors - $425
      Managing Directors - $350
      Directors - $295
      Administrative and research personnel - $95

                   About ArmorWorks Enterprises

Military armor systems provider ArmorWorks Enterprises, LLC, and
affiliate TechFiber LLC sought Chapter 11 protection (Bankr. D.
Ariz. Case Nos. 13-10332 and 13-10333) in Phoenix on June 17,
2013, along with a plan that resolves a dispute with a minority
shareholder and $3.5 million of financing that would save the
company from running out of cash.

ArmorWorks develops advanced survivability technology and designs
and manufactures armor and protective products.  ArmorWorks has
produced over 1.25 million ceramic armor and composite armor
protection components for a variety of personnel armor, aircraft,
and vehicle applications.

The Debtors have tapped Todd A. Burgess, Esq., at Gallagher &
Kennedy, as counsel; and MCA Financial Group, Ltd., as financial
advisor.  ArmorWorks estimated $10 million to $50 million in
assets and liabilities.

As of May 26, 2012, ArmorWorks had total assets of $30.9 million
and total liabilities of $12.04 million.

The Plan would resolve the ongoing dispute with C Squared by
allowing ArmorWorks to redeem C Squared's 40% minority interest,
or alternatively, allow C Squared to purchase the 60% majority
interest of AWI.

ArmorWorks and TechFiber sought and obtained an order (i)
transferring the In re TechFiber, LLC chapter 11 case to the
Honorable Brenda Moody Whinery, the judge assigned to the
ArmorWorks Chapter 11 case, and (ii) authorizing the joint
administration of the Debtors' cases.


ARMORWORKS ENTERPRISES: MAC Packaging Added as Committee Member
---------------------------------------------------------------
Ilene J. Lashinsky, U.S. Trustee for Region 14, amended the list
of creditors appointed to the committee of unsecured creditors in
the Chapter 11 case of Armorworks Enterprises, LLC, and Techfiber,
LLC, due to additional creditor interest in serving the committee.

The additional Committee member is:

         MAC Packaging Company, Inc.
         Andrew S. Munter
         125 West Gemini Drive
         Suite # E-4
         Tempe, AZ. 85283-5606
         Tel: 480-820-0017
         Fax: 480-820-3197
         E-mail: andy@macpackaging.com

The other members of the Committee are:

   1. DISTRIBUTION BY AIR
      Richard Golwitzer
      5404 N. 99th Street
      Omaha, NE 68134
      Tel: (420) 657-9821
      Fax: (420) 346-1161
      E-mail: richg@dbaco.com

   2. NORTH 54th STREET VENTURE, LLC
      Joseph E. Cotterman, by proxy
      Andante Law Group
      Scottsdale Financial Center I
      4110 North Scottsdale Road, Suite 330
      Scottsdale, AZ 85251
      Tel: (480) 421-9449
      Fax: (480) 522-1515
      E-mail: joe@andantelaw.com

   3. HISCO
      Monty Schlaht
      1839 West Drake Drive
      Tempe, AZ 85253
      Tel: (480) 968-6171
      Fax: (480) 966-9634
      E-mail: mschlaht@hiscoinc.com

The U.S. Trustee is represented by Jennifer A. Giaimo, Esq. --
Jennifer.A.Giaimo@usdoj.gov -- Trial Attorney, in Phoenix,
Arizona.

                   About ArmorWorks Enterprises

Military armor systems provider ArmorWorks Enterprises, LLC, and
affiliate TechFiber LLC sought Chapter 11 protection (Bankr. D.
Ariz. Case Nos. 13-10332 and 13-10333) in Phoenix on June 17,
2013, along with a plan that resolves a dispute with a minority
shareholder and $3.5 million of financing that would save the
company from running out of cash.

ArmorWorks develops advanced survivability technology and designs
and manufactures armor and protective products.  ArmorWorks has
produced over 1.25 million ceramic armor and composite armor
protection components for a variety of personnel armor, aircraft,
and vehicle applications.

The Debtors have tapped Todd A. Burgess, Esq., at Gallagher &
Kennedy, as counsel; and MCA Financial Group, Ltd., as financial
advisor.  ArmorWorks estimated $10 million to $50 million in
assets and liabilities.

As of May 26, 2012, ArmorWorks had total assets of $30.9 million
and total liabilities of $12.04 million.

The Plan would resolve the ongoing dispute with C Squared by
allowing ArmorWorks to redeem C Squared's 40% minority interest,
or alternatively, allow C Squared to purchase the 60% majority
interest of AWI.

ArmorWorks and TechFiber sought and obtained an order (i)
transferring the In re TechFiber, LLC chapter 11 case to the
Honorable Brenda Moody Whinery, the judge assigned to the
ArmorWorks Chapter 11 case, and (ii) authorizing the joint
administration of the Debtors' cases.


ARMORWORKS ENTERPRISES: Maricopa Treas. Wants DIP Order Amended
---------------------------------------------------------------
The Maricopa County Treasurer, a secured tax lien creditor, asks
the U.S. Bankruptcy Court for the District of Arizona to alter or
amend the stipulated final order allowing Armorworks Enterprises,
LLC, and Techfiber, LLC, to obtain the Senior Secured Postpetition
Financing.

William G. Montgomery, Esq., Maricopa County Attorney, point out
that the Final Order purports to prime statutory liens securing
approximately $120,000 of personal property taxes on equipment
owned by the Debtors.  Arizona statutes provide that those liens
are "superior to all other liens and encumbrances on the
property."  Mr. Montgomery says the Debtors were aware of these
statutory liens when MCT served its secured proofs of claim in
July.  Now, the Debtors and the DIP Lender claim to have done what
they could never have done outside of bankruptcy court -- they say
they have primed the statutory tax liens with a "stipulated" court
order to which MCT was not a party.  MCT, Mr. Montgomery adds,
asks that the Court clarify or amend the Final Order to ensure
that it is afforded due process and that its statutory liens are
adequately protected.

Lori A. Lewis, Esq., Deputy County Attorney, also represents MCT.

                   About ArmorWorks Enterprises

Military armor systems provider ArmorWorks Enterprises, LLC, and
affiliate TechFiber LLC sought Chapter 11 protection (Bankr. D.
Ariz. Case Nos. 13-10332 and 13-10333) in Phoenix on June 17,
2013, along with a plan that resolves a dispute with a minority
shareholder and $3.5 million of financing that would save the
company from running out of cash.

ArmorWorks develops advanced survivability technology and designs
and manufactures armor and protective products.  ArmorWorks has
produced over 1.25 million ceramic armor and composite armor
protection components for a variety of personnel armor, aircraft,
and vehicle applications.

The Debtors have tapped Todd A. Burgess, Esq., at Gallagher &
Kennedy, as counsel; and MCA Financial Group, Ltd., as financial
advisor.  ArmorWorks estimated $10 million to $50 million in
assets and liabilities.

As of May 26, 2012, ArmorWorks had total assets of $30.9 million
and total liabilities of $12.04 million.

The Plan would resolve the ongoing dispute with C Squared by
allowing ArmorWorks to redeem C Squared's 40% minority interest,
or alternatively, allow C Squared to purchase the 60% majority
interest of AWI.

ArmorWorks and TechFiber sought and obtained an order (i)
transferring the In re TechFiber, LLC chapter 11 case to the
Honorable Brenda Moody Whinery, the judge assigned to the
ArmorWorks Chapter 11 case, and (ii) authorizing the joint
administration of the Debtors' cases.


AS SEEN ON TV: Incurs $533,500 Net Loss in June 30 Quarter
----------------------------------------------------------
As Seen On TV, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $533,530 on $2.09 million of revenues for the three months
ended June 30, 2013, as compared with a net loss of $10.74 million
on $400,231 of revenues for the same period a year ago.

The Company's balance sheet at June 30, 2013, showed $23.81
million in total assets, $13.05 million in total liabilities and
$10.75 million in total stockholders' equity.

                         Bankruptcy Warning

"We face a number of challenges during fiscal 2014, including
operating within the highly competitive the online diet industry,
effectively responding to ever changing consumer preferences and
completing our eDiets integration.  We must also raise additional
funds to provide the resources necessary to continue in business
and to realize the expected benefits of our initiatives. The
continuation of the Company's business is dependent upon raising
additional financial support.  In light of the Company's results
from operations, the Company intends to continue to evaluate
various possibilities, including: (i) raising additional capital
through the issuance of common or preferred stock, securities
convertible into common stock, or secured or unsecured debt, (ii)
selling one or more lines of business, or all or a portion of the
Company's assets, (iii) entering into a business combination, and
(iv) aggressively restructuring existing operations, including
reducing or eliminating less promising operations, liquidating
assets, or significantly reducing or suspending our operations.
These possibilities, to the extent available, may be on terms that
result in significant dilution to the Company's shareholders or
that result in the Company?s shareholders losing all of their
investment in the Company.  There can be no assurance that the
Company will be successful in effecting any of the above
possibilities.  If the company's efforts in this regard are
unsuccessful, the Company will be required to further reduce or
suspend operations [and/or seek relief through a filing under the
U.S. Bankruptcy Code].  The Company's condensed consolidated
financial statements do not include any adjustments relating to
the recoverability of assets and classification of assets and
liabilities that might be necessary should the Company be unable
to continue as a going concern."

A copy of the Form 10-Q is available for free at:

                        http://is.gd/R0J0h7

                         About As Seen on TV

Clearwater, Fla.-based As Seen On TV, Inc., is a direct response
marketing company.  It identifies, develops, and markets consumer
products.

As reported by the TCR on Nov. 6, 2012, As Seen On TV entered into
an Agreement and Plan of Merger with eDiets Acquisition Company
("Merger Sub"), eDiets.com, Inc., and certain other individuals.
Pursuant to the Merger Agreement, Merger Sub will merge with and
into eDiets.com, and eDiets.com will continue as the surviving
corporation and a wholly-owned subsidiary of the Company.

As Seen On TV, Inc., filed with the U.S. Securities and Exchange
Commission its annual report on Form 10-K disclosing net income of
$3.69 million on $10.10 million of revenues for the year ended
March 31, 2013, as compared with a net loss of $8.07 million on
$8.16 million of revenues during the prior year.

EisnerAmper LLP, in Edison, New Jersey, issued a "going concern"
qualification on the consolidated financial statements for the
year ended March 31, 2013.  The independent auditors noted that
the Company's recurring losses from operations and negative cash
flows from operations raise substantial doubt about its ability to
continue as a going concern.


AVIS BUDGET: Moody's Keeps Notes Ratings over Zipcar Canada Pact
----------------------------------------------------------------
Moody's Investors Service reports that the addition of Zipcar
Canada Inc. as a general partner to WTH Funding Limited
Partnership on August 21, 2013, in and of itself and at this time,
will not result in a reduction, withdrawal, or placement under
review for possible downgrade of the ratings currently assigned to
the Issuer's Series 2010-1 and 2010-2 notes.

The Partnership leases a fleet of vehicles from the WTH Car Rental
ULC (WTH), pursuant to a master lease agreement. WTH is Avis
Budget Car Rental LLC (Avis Budget)'s Canadian rental car ABS
trust, which owns the vehicles that are leased to the Partnership
and used by the Partnership in its daily car rental business.
Budgetcar Inc., Aviscar Inc. and Zipcar Canada Inc., all indirect
Canadian subsidiaries of Avis Budget, are general partners of the
Partnership. Avis Budget is itself a subsidiary of Avis Budget
Group (B1 stable).

The addition of Zipcar as a general partner will allow Avis Budget
to fund new vehicles added to the Zipcar fleet through WTH.

Given that Zipcar vehicles are expected to comprise less than 3%
of the combined vehicle fleet, Moody's believed that the addition
of Zipcar as a general partner did not have an adverse effect on
the credit quality of the Series 2010-1 and 2010-2 notes such that
the Moody's ratings were impacted. Moody's did not express an
opinion as to whether the addition of Zipcar could have other,
noncredit-related effects.

The principal methodology used in these rating was "Moody's Global
Approach to Rating Rental Car ABS and Rental Truck ABS," published
in July 2011.


AXION INTERNATIONAL: Posts $3.1 Million Net Income in 2nd Quarter
-----------------------------------------------------------------
AXION International Holdings, Inc., filed with the U.S. Securities
and Exchange Commission its quarterly report on Form 10-Q
disclosing net income attributable to common shareholders of $3.10
million on $1.49 million of revenue for the three months ended
June 30, 2013, as compared with a net loss attributable to common
shareholders of $2.20 million on $1.79 million of revenue for the
same period during the prior year.

For the six months ended June 30, 2013, the Company reported a net
loss attributable to common shareholders of $4.17 million on $3.25
million of revenue, as compared with a net loss attributable to
common shareholders of $3.96 million on $4.09 million of revenue
for the same period a year ago.

The Company's balance sheet at June 30, 2013, showed $8.66 million
in total assets, $10.84 million in total liabilities, $6.33
million in 10 percent convertible preferred stock, and a $8.52
million total stockholders' deficit.

"In the second quarter we've continued to grow our sales pipeline
and we are on track with our strategic plans for 2013 on all
fronts.  We are exactly where we expected to be after the first
six months of the year.  We reiterate our statement from last
quarter that achieving higher sales volumes, coupled with being a
vertically integrated manufacturer, puts us on a path towards
positive earnings.  We expect to see increased sales volume in the
second half of 2013, as planned.  Major sales initiatives in our
pipeline are on schedule and our current backlog and sales
opportunities give us a high degree of confidence that we can
expect to double AXION's sales in calendar 2013 over 2012 revenues
of $5.3 million," stated AXION President and CEO Steve Silverman.

A copy of the Form 10-Q is available for free at:

                        http://is.gd/dTv5Zd

                     About Axion International

New Providence, N.J.-based Axion International Holdings, Inc. (OTC
BB: AXIH) - http://www.axionintl.com/-- is the exclusive licensee
of patented and patent-pending technologies developed for the
production of structural plastic products such as railroad
crossties, pilings, I-beams, T-Beams, and various size boards
including a tongue and groove design that are utilized in multiple
engineered design solutions such as rail track, rail and tank
bridges (heavy load), pedestrian/park and recreation bridges,
marinas, boardwalks and bulk heading to name a few.

RBSM LLP, in New York, the auditor, issued a going concern
qualification each in the Company's financial statements for the
years ended Dec. 31, 2010, and 2011.  RBSM LLP noted that the
Company has incurred significant operating losses in current year
and also in the past.  These factors, among others, raise
substantial doubt about the Company's ability to continue as a
going concern, it said.

Axion International reported a net loss of $9.93 for the 12 months
ended Dec. 31, 2011, compared with a net loss of $7.10 million for
the 12 months ended Sept. 30, 2010.


BEAZER HOMES: NYSE Delists 7.25 Percent Tangible Equity Units
-------------------------------------------------------------
The New York Stock Exchange LLC filed a Form 25 with the U.S.
Securities and Exchange Commission to remove from registration
7.25 percent tangible equity units of Beazer Homes USA Inc.

                         About Beazer Homes

Beazer Homes USA, Inc. (NYSE: BZH) -- http://www.beazer.com/--
headquartered in Atlanta, is one of the country's 10 largest
single-family homebuilders with continuing operations in Arizona,
California, Delaware, Florida, Georgia, Indiana, Maryland, Nevada,
New Jersey, New Mexico, North Carolina, Pennsylvania, South
Carolina, Tennessee, Texas, and Virginia.  Beazer Homes is listed
on the New York Stock Exchange under the ticker symbol "BZH."

Beazer Homes incurred a net loss of $145.32 million for the fiscal
year ended Sept. 30, 2012, a net loss of $204.85 million for the
fiscal year ended Sept. 30, 2011, and a net loss of $34.04 million
for the fiscal year ended Sept. 30, 2010.

As of June 30, 2013, the Company had $1.94 billion in total
assets, $1.71 billion in total liabilities and $227.98 million in
total stockholders' equity.

                           *     *     *

Beazer carries a 'B-' issuer credit rating, with "negative"
outlook, from Standard & Poor's.

In the Jan. 30, 2013, edition of the TCR, Moody's Investors
Service raised Beazer Homes USA, Inc.'s corporate family rating to
Caa1 from Caa2 and probability of default rating to Caa1-PD from
Caa2-PD.  The ratings upgrade reflects Moody's increasing
confidence that Beazer's credit metrics, buoyed by a stregthening
housing market, will gradually improve for at least the next two
years and that the company may be able to return to a modestly
profitable position as early as fiscal 2014.

As reported by the TCR on Sept. 10, 2012, Fitch Ratings has
upgraded the Issuer Default Rating (IDR) of Beazer Homes USA, Inc.
(NYSE: BZH) to 'B-' from 'CCC'.  The upgrade and the Stable
Outlook reflect Beazer's operating performance so far this year,
its robust cash position, and moderately better prospects for the
housing sector during the remainder of this year and in 2013.  The
rating is also supported by the company's execution of its
business model, land policies, and geographic diversity.


BENTLEY PREMIER: Can Use Cash Collateral Thru Sept. 3
-----------------------------------------------------
Judge Brenda Rhoades authorized Bentley Premier Builders, LLC to
use the cash collateral of its lenders, The Phillip M. Pourchot
Revocable Trust and/or The Starside, LLC, through Sept. 3, 2013 at
9:30 a.m. or on failure to cure a default in accordance with a
prepared budget.  A copy of the prepared interim budget to be
complied to by the Debtor is available at:

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

The Bankruptcy Court agrees that the Debtor needs cash to enable
them to pay necessary operating expenses, including fees,
insurance premiums, utilities, among other things.

As adequate protection for the Debtor's cash collateral use and
any diminution in value in other collateral, the Lenders are
granted a continuing and replacement security interest in all of
the same property of the Debtor that it had pursuant to the
Prepetition Loan Documents.

In the event adequate protection to the Lenders is insufficient to
protect the Lenders, then the Lenders' claim will have a priority
under Sec. 507(b) of the Bankruptcy Code over all administrative
expenses incurred in the Chapter 11 case.

A final hearing on the Cash Collateral Use Motion will be held on
Sept. 3, 2013.

Mark E. Andrews, Esq., of 1201 Elm Street, Suite 3300, Dallas
Texas, 75270, serve as attorney for the Lenders.  He can be
reached at tel no. (214) 698-7819 and fax no. (214) 698-7899.

                     About Bentley Premier

Bentley Premier Builders, LLC, is a Texas limited liability
company in the business of real estate development and building
custom houses.  It filed a Chapter 11 petition (Bankr. E.D. Tex.
Case No. 13-41940) on Aug. 6, 2013 in Sherman, Texas.  Judge
Brenda Rhoades presides over the case.  Gerald P. Urbach, Esq.,
and Jason A. Katz, Esq., at Hiersche, Hayward, Drakeley & Urbach,
P.C., in Addison, Texas, serve as counsel.  The Debtor estimated
assets and debts of $10 million to $50 million.



BENTLEY PREMIER: Gets Court Nod to Files Schedules by Sept. 3
-------------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of Texas
granted Bentley Premier Builders, LLC, extension to file its
schedules of assets and liabilities as well as its statement of
financial affairs through Sept. 3, 2013.

As previously reported in the Aug. 16 edition of the Troubled
Company Reporter, Bentley Premier, in its Schedules Extension
Motion, asserted that it is taking longer than usual to gather the
information necessary for the completion of the schedules and
statement due in large part to the resignation of Mark Powell, the
Debtor's chief foreman.  Sandy Golgart, managing member of the
Debtor, was left to run the Debtor's affairs after Mr. Powell's
resignation.

                     About Bentley Premier

Bentley Premier Builders, LLC, is a Texas limited liability
company in the business of real estate development and building
custom houses.  It filed a Chapter 11 petition (Bankr. E.D. Tex.
Case No. 13-41940) on Aug. 6, 2013 in Sherman, Texas.  Judge
Brenda Rhoades presides over the case.  Gerald P. Urbach, Esq.,
and Jason A. Katz, Esq., at Hiersche, Hayward, Drakeley & Urbach,
P.C., in Addison, Texas, serve as counsel.  The Debtor estimated
assets and debts of $10 million to $50 million.


BENTLEY PREMIER: Wants to Hire Hiersche Hayward as Counsel
----------------------------------------------------------
Bentley Premier Builders, LLC, is seeking bankruptcy court
approval to tap Hiersche, Hayward, Drakeley & Urbach, P.C. as
attorneys for its pending Chapter 11 case.

Gerald P. Urbach, Esq., and Jason M. Katz, Esq. --
jkatz@hhdulaw.com -- are the firm's professionals who are expected
to provide legal services to the Debtor.

The Debtor expects the HHDU firm to provide legal servces on
matters involving financial restructuring and insolvency issues,
including exploration of possible non-bankruptcy restructuring
alternatives, as well as preparation of the requisite petitions,
pleadings, exhibits, lists and schedules in connection with the
commencement of the Chapter 11 case.

HHDU has advised the Debtor that the representation of the Debtor
will involve fees and expenses of more than $13,000 and the firm
expects to be paid for future fees and expenses out of the
Debtor's operations, after appropriate order of the Court.

To the best of the Debtor's knowledge, HHDU does not have any
connection with, or any interest adverse to, the Debtor, its
creditors, or any other party-in-interest or their respective
attorneys and accountants, or the U.S. Trustee for the Eastern
District of Texas.  Accordingly, HHDU and its professionals are
"disinterested persons" as the term is defined under Sec. 101(14)
of the Bankruptcy Code.

                     About Bentley Premier

Bentley Premier Builders, LLC, is a Texas limited liability
company in the business of real estate development and building
custom houses.  It filed a Chapter 11 petition (Bankr. E.D. Tex.
Case No. 13-41940) on Aug. 6, 2013 in Sherman, Texas.  Judge
Brenda Rhoades presides over the case.  The Debtor estimated
assets and debts of $10 million to $50 million.


BENTLEY PREMIER: Pourchot Trust Seeks Dismissal of Chap. 11 Case
----------------------------------------------------------------
The Phillip M. Pourchot Revocable Trust asks the U.S. Bankruptcy
Court for the Eastern District of Texas to dismiss in its
entirety, with prejudice, the bankruptcy proceeding of Bentley
Premier Builders, LLC.

POURCHOT complains that Sandy Golgart's filing of the Debtor's
bankruptcy petition as the Debtor's purported manager without a
majority of the members approval is not authorized by Texas law or
the Company Agreement.

POURCHOT asserts that it holds a 50% member interest and did not
consent to the filing of the Chapter 11 case and thus, the case
should be dismissed.

The Phillip M. Pourchot Revocable Trust is represented by:

          JONES, ALLEN & FUQUAY, L.L.P.
          Laura L. Worsham, Esq.
          Nathan Allen, Jr. Esq.
          Lindy D. Jones, Esq.
          8828 Greenville Avenue
          Dallas, Texas 75243
          Tel No: (214) 343-7400
          Fax No: (214) 343-7455

                     About Bentley Premier

Bentley Premier Builders, LLC, is a Texas limited liability
company in the business of real estate development and building
custom houses.  It filed a Chapter 11 petition (Bankr. E.D. Tex.
Case No. 13-41940) on Aug. 6, 2013 in Sherman, Texas.  Judge
Brenda Rhoades presides over the case.  Gerald P. Urbach, Esq.,
and Jason A. Katz, Esq., at Hiersche, Hayward, Drakeley & Urbach,
P.C., in Addison, Texas, serve as counsel.  The Debtor estimated
assets and debts of $10 million to $50 million.


BERLIN & DENMAR: Forfeiture of Goldstein's Deposit Upheld
---------------------------------------------------------
A New York district court affirmed a bankruptcy court decision on
Goldstein Development Corp.'s motion seeking the return of a
deposit made in connection with the sale of Berlin & Denmar
Distributors, Inc. assets.

The bankruptcy court order was entered on Feb. 25, 2013 by Judge
Stuart M. Bernstein, ordereing Goldstein to forfeit $50,000 of its
$94,000 deposit related to the auction of the Debtor's assets.
The assets pertain to the Debtor's shares in three cooperative
units located at a prime location in Bronx, New York.

In a July 31, 2013 Order and Opinion available at
http://is.gd/8cAINFfrom Leagle.com, District Judge Lorna
Schofield cited that the record provides ample support for the
bankruptcy court's factual finding that Goldstein failed to close
on the sale transaction because it failed to conduct appropriate
due diligence and the bankruptcy court's legal decision that
Goldstein should forfeit its deposit.

The appeals case is GOLDSTEIN DEVELOPMENT CORP., Interested
Party/Appellant v. BERLIN & DENMAR DISTRIBUTORS, INC.,
Debtor/Appellee, Case No. 13-CIV. 2310 (LGS) (S.D.N.Y.).

Berlin & Denmar Distributors, Inc. is represented by Jonathan W.
Rich, Esq. -- jwr@robinsonbrog.com -- and Robert Mitchell Sasloff,
Esq. -- rms@robinsonbrog.com -- of Robinson Brog Leinwand Greene
Genovese & Gluck P.C.

Goldstein Development Corp. is represented by Satish Kumar Bhatia,
Esq., of Bhatia & Associates, P.C.

                      About Berlin & Denmar

Before bankruptcy Berlin & Denmar Distributors, Inc. operated a
food distribution business from cooperative units located at the
Hunts Point Cooperative Market, in Bronx, New York.  On Oct. 21,
2010, Berlin filed a voluntary bankruptcy petition (Bankr.
S.D.N.Y., Case No. 10-15519).  On Jan. 9, 2012, Judge Bernstein
entered an order approving the Disclosure Statement of the
Debtor's Second Amended Plan of Liquidation.  The centerpiece of
the Plan was the sale of the Debtor's shares in four cooperative
units located at Hunts Point.


BIG M: Exclusive Filing Period Extended Until Nov. 4
----------------------------------------------------
The U.S. Bankruptcy Court for the District of New Jersey extended
Big M, Inc.'s exclusive periods to file and solicit acceptances of
a plan through and including Nov. 4, 2013, and Jan. 1, 2014,
respectively.

Counsel for the Debtor can be reached at:

         LOWENSTEIN SANDLER LLP
         Kenneth A. Rosen, Esq.
         Mary E. Seymour, Esq.
         Eric H. Horn, Esq.
         65 Livingston Avenue
         Roseland, NJ 07068
         Tel: (973) 597-2500
         Fax: (973) 597-2400

                          About Big M

Totowa, New Jersey-based Big M, Inc., owner of Mandee, Annie sez,
and Afazxe Stores, filed a Chapter 11 petition (Bankr. D.N.J. Case
No. 13-10233) on Jan. 6, 2013, with Salus Capital Partners, LLC,
funding the Chapter 11 effort.  Judge Donald H. Steckroth presides
over the case.

The Mandee brand is a juniors fashion retailer with 84 stores in
Illinois and along the East Coast. Annie sez is a discount
department-store retailer for women with 35 stores. Afaze is
10-store jewelry and accessory chain.

Kenneth A. Rosen, Esq., at Lowenstein Sandler LLP, in Roseland,
serves as counsel to the Debtor.  PricewaterhouseCoopers LLP has
been tapped to serve as financial advisor.  GRL Capital Advisors
LLC's Glenn R. Langberg has been hired to serve as chief
restructuring officer.

Attorneys at Becker Meisel LLC serve the Debtor as conflicts
counsel.

The Debtor disclosed $21,384,430 in assets and $21,374,057 in
liabilities as of the Chapter 11 filing.

The Official Committee of Unsecured Creditors has tapped Cooley
Godward Kroish, LLP, as its counsel, and CBIZ Accounting, Tax and
Advisory of New York, LLC and CBIZ Mergers & Acquisitions Group as
its financial advisor.

As reported in the TCR on June 7, the Bankruptcy Court authorized
the Debtor to sell substantially all of its assets to YM LLC USA,
formerly known as YM Inc USA, pursuant to an asset purchase
agreement.


BIOZONE PHARMACEUTICALS: Incurs $746,000 Net Loss in 2nd Qtr.
-------------------------------------------------------------
Biozone Pharmaceuticals, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q for the
period ended June 30, 2013, disclosing a net loss of $745,956 on
$1.95 million of sales, as compared with a net loss of $714,438 on
$4.91 million of sales for the same period during the prior year.

For the six months ended June 30, 2013, the Company reported a net
loss of $2.22 million on $3.98 million of sales, as compared with
a net loss of $4.36 million on $8.42 million of sales for the same
period a year ago.

The Company's balance sheet at June 30, 2013, showed $7.70 million
in total assets, $13.00 million in total liabilities and a $5.30
million total shareholders' deficiency.

A copy of the Form 10-Q is available for free at:

                        http://is.gd/T525pC

                     About Biozone Pharmaceuticals

Biozone Pharmaceuticals, Inc., formerly, International Surf
Resorts, Inc., was incorporated under the laws of the State of
Nevada on Dec. 4, 2006, to operate as an internet-based provider
of international surf resorts, camps and guided surf tours.  The
Company proposed to engage in the business of vacation real estate
and rentals related to its surf business and it owns the Web site
isurfresorts.com.  During late February 2011, the Company began to
explore alternatives to its original business plan.  On Feb. 22,
2011, the prior officers and directors resigned from their
positions and the Company appointed a new President, Director,
principal accounting officer and treasurer and began to pursue
opportunities in medical and pharmaceutical technologies and
products.  On March 1, 2011, the Company changed its name to
Biozone Pharmaceuticals, Inc.

Since March 2011, the Company has been engaged primarily in
seeking opportunities related to its intention to engage in
medical and pharmaceutical businesses.  On May 16, 2011, the
Company acquired substantially all of the assets and assumed all
of the liabilities of Aero Pharmaceuticals, Inc., pursuant to an
Asset Purchase Agreement dated as of that date.  Aero manufactures
markets and distributes a line of dermatological products under
the trade name of Baker Cummins Dermatologicals.

On June 30, 2011, the Company acquired the Biozone Labs Group
which operates as a developer, manufacturer, and marketer of over-
the-counter drugs and preparations, cosmetics, and nutritional
supplements on behalf of health care product marketing companies
and national retailers.

Biozone incurred a net loss of $7.96 million in 2012, as compared
with a net loss of $5.45 million in 2011.

Paritz and Company. P.A., in Hackensack, New Jersey, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2012.  The independent
auditors noted that the Company has incurred operating losses for
its last two fiscal years, has a working capital deficiency of
$5,255,220, and an accumulated deficit of $14,128,079.  These
factors, among others, raise substantial doubt about the Company's
ability to continue as a going concern.


BOREAL WATER: Delays Form 10-Q for Second Quarter
-------------------------------------------------
Boreal Water Collection, Inc., was unable to file its quarterly
report on Form 10-Q for the period ended June 30, 2013, in a
timely manner because the Company was not able to complete timely
its financial statements without unreasonable effort or expense.

Kiamesha Lake, N.Y.-based Boreal Water Collection, Inc., is a
personalized bottled water company specializing in premium custom
bottled water.

The Company reported a net loss of $822,902 on $2.7 million of
sales in 2012, compared with a net loss of $1.3 million on
$2.7 million of sales in 2011.

In the auditors's report accompanying the consolidated financial
statements for the year ended Dec. 31, 2012, Patrick Rodgers, CPA,
PA, in Altamonte Springs, Florida, expressed substantial doubt
about Boreal Water's ability to continue as a going concern.  Mr.
Rodgers noted that the Company has a minimum cash balance
available for payment of ongoing operating expenses, has
experienced losses operations since inception, and it does not
have a source of revenue sufficient to cover its operating costs.

The Company's balance sheet at March 31, 2013, showed $3.62
million in total assets, $4.04 million in total liabilities and a
$412,198 total stockholders' deficiency.


BRUNET-SUAREZ INVESTMENT: Case Summary & Creditors List
-------------------------------------------------------
Debtor: Brunet-Suarez Investment, Inc.
        8550 West Flager Street, Suite 116
        Miami, FL 33144

Bankruptcy Case No.: 13-29972

Chapter 11 Petition Date: August 22, 2013

Court: U.S. Bankruptcy Court
       Southern District of Florida (Miami)

Judge: A. Jay Cristol

Debtor's Counsel: Jonathan Y. Markhoff, Esq.
                  LAW OFFICE OF YONI MARKHOFF, P.A.
                  1108 Kane Concourse (96 St) #206
                  Bay Harbor Island, FL 33154
                  Tel: (786) 463-4436
                  E-mail: yoni@markhoffpa.com

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $1,000,001 to $10,000,000

The petition was signed by Julio Brunet, CEO.

The Company's list of its largest unsecured creditors filed with
the petition contains only one entry:

        Entity                     Nature of Claim    Claim Amount
        ------                     ---------------    ------------
Coconut Grove Bank                 11750 SW 88 Ave
2701 South Bayshore Drive          Miami, FL 33176
Miami, FL 33133


CAMARILLO PLAZA: Plan to Be Funded by All-Cash Sale of Property
---------------------------------------------------------------
Camarillo Plaza, LLC, filed with the U.S. Bankruptcy Court for the
Central District of California a third amended Chapter plan of
reorganization that will be funded through the all-cash sale of
the Debtor's 74,072 square foot shopping center commonly known as
Camarillo Plaza and the underlying real property, located at 1701-
1877 East Daily Drive, in Camarillo, California (the Property") to
be conducted via a competitive bidding process.

The Debtor has filed a motion to approve the sale of the Property
in accordance with the Bidding Procedures, which will be heard at
the same time as the confirmation hearing for the Plan.  Following
consummation of the sale of the Property pursuant to the Bidding
Procedures, there will be net cash proceeds sufficient to satisfy
all allowed claims.

The Debtor and the Wells Fargo Bank, N.A., as Trustee for the
Registered Holders of Credit Suisse First Boston Mortgage
Securities Corp., Commercial Pass-Through Certificates, Series
2006-C3 (the "Noteholder"), have entered into the Stipulation
Regarding Proof of Claim 3-1 regarding the Noteholder's claim.

Under the Claim Stipulation, the Noteholder's allowed claim as of
July 15, 2013, is $15,159,517.42, but is subject to adjustment as
of the Effective Date as more specifically set forth therein.  The
Debtor has filed a motion to approve the Claim Stipulation, which
will be heard at the same time as the confirmation hearing for
this Plan.  This class is impaired and entitled to vote.

General unsecured creditors holding undisputed claims under Class
3(a) will be paid 100% of its claim without interest on the
Effective Date.

The hearing to consider the approval of the Plan will be held on
Sept. 12, 2013, at 10:00 a.m.

A copy of the Third Amended Plan is available at:

        http://bankrupt.com/misc/camarilloplaza.doc174.pdf

Counsel for the Debtor can be reached at:

         Janet A. Lawson, Esq.
         3639 E Harbor Blvd #109
         Ventura, CA 93001
         Tel: (805) 985-1147
         Fax: (805) 658-2302
         E-mail: jlawsonlawyer@gmail.com

                       About Camarillo Plaza

Shopping center operator Camarillo Plaza LLC, based in Los
Angeles, California, filed for Chapter 11 bankruptcy (Bankr. C.D.
Calif. Case No. 11-59637) on Dec. 5, 2011.  Judge Sheri Bluebond
was assigned to the case.  At the Debtor's behest the next day,
the case was transferred to the Northern Division (Bankr. C.D.
Calif. Case No. 11-bk-15562).  The case in the Los Angeles
Division was closed, and Judge Robin Riblet took over from Judge
Bluebond.

The Debtor scheduled assets of $21.6 million and liabilities of
$12.3 million as of the Chapter 11 filing.  Janet A. Lawson, Esq.,
in Ventura County, California, serves as the Debtor's counsel.
The petition was signed by Aaron Arnold Klein, managing partner.

Alan M. Feld, Esq., at Sheppard, Mullin, Richter & Hampton LLP
represents Wells Fargo Bank, N.A.


CANCER GENETICS: Offering 1.5 Million Common Shares
---------------------------------------------------
Cancer Genetics, Inc., announced the pricing of its public
offering of 1,500,000 shares of its common stock at a price to the
public of $10.00 per share.  The gross proceeds to Cancer Genetics
from the public offering are expected to be $15,000,000, before
underwriting discounts and commissions and other offering expenses
payable by Cancer Genetics.

The Company intends to use the net proceeds from the offering to
expand sales and marketing, to further product commercialization,
to invest in its Mayo Clinic joint venture, to retire mezzanine
financing, to continue research and development, and to fund other
general working capital needs.

Cancer Genetics also said that its common stock began trading on
The NASDAQ Capital Market under the symbol "CGIX" on Aug. 14,
2013.  In connection with this listing, Cancer Genetics' common
stock will cease trading on the OTC QB.

Cancer Genetics has also granted the representative of the
underwriters a 45-day option to purchase up to 225,000 additional
shares of common stock from Cancer Genetics to cover over-
allotments, if any.  The offering is expected to close on Aug. 19,
2013, subject to customary closing conditions.

Aegis Capital Corp. is acting as sole book-running manager for the
offering.

Feltl and Company, Inc., is acting as co-lead manager for the
offering.

This offering is being made only by means of a prospectus.  Copies
of the prospectus relating to this offering may be obtained by
contacting Aegis Capital Corp., Prospectus Department, 810 Seventh
Avenue, 18th Floor, New York, NY 10019, telephone: 212-813-1010,
e-mail: prospectus@aegiscap.com.

A registration statement relating to these securities was declared
effective by the Securities and Exchange Commission on Aug. 13,
2013.

                       About Cancer Genetics

Rutherford, N.J.-based Cancer Genetics, Inc., is an early-stage
diagnostics company focused on developing and commercializing
proprietary genomic tests and services to improve and personalize
the diagnosis, prognosis and response to treatment (theranosis) of
cancer.

The Company's balance sheet at March 31, 2013, showed $7.4 million
in total assets, $28.9 million in total liabilities, and a
stockholders' deficit of $21.5 million.

"The Company has suffered recurring losses from operations, has
negative working capital and a net capital deficiency that raise
substantial doubt about its ability to continue as a going
concern," according to the Company's quarterly report for the
period ended March 31, 2013.


CAPMARK FINANCIAL: Wells Fargo Settles $28MM Swaps Suit
-------------------------------------------------------
Law360 reported that Capmark Financial Group Inc. asked a Delaware
bankruptcy judge to bless a settlement resolving a $28 million
suit brought by Wells Fargo Bank NA over swaps deals that went
south when the mortgage lender entered court protection in 2009.

According to the report, Wells Fargo terminated the swaps
transactions in the wake of the bankruptcy filing and eventually
launched an adversary suit asserting damages of more $27.8
million, with Capmark countering that the actual figure is no
greater $3.8 million.

Capmark and Wells Fargo subsequently "engaged in arm's-length
negotiations," the report related.

                    About Capmark Financial

Based in Horsham, Pennsylvania, Capmark Financial Group Inc. --
http://www.capmark.com/-- provided financial services to
investors in commercial real estate-related assets.  Capmark has
three core businesses: lending and mortgage banking, investments
and funds management, and servicing.  Capmark operates in North
America, Europe and Asia.  Capmark has 1,000 employees located in
37 offices worldwide.

On Oct. 25, 2009, Capmark Financial and certain of its
subsidiaries filed voluntary petitions for relief under Chapter 11
(Bankr. D. Del. Lead Case No. 09-13684).  Capmark disclosed assets
of US$20 billion against total debts of US$21 billion as of
June 30, 2009.

Capmark's financial advisors were Lazard Freres & Co. LLC and
Loughlin Meghji + Company.  Capmark's bankruptcy counsel were
Dewey & LeBoeuf LLP, and Richards, Layton & Finger, P.A.  Beekman
Advisors, Inc., is serving as strategic advisor.
KPMG LLP served as tax and accounting advisor.  Epiq Bankruptcy
Solutions, LLC, served as claims and notice agent.

The Official Committee of Unsecured Creditors tapped Kramer Levin
Naftalis & Frankel LLP as its counsel and JR Myriad 1LLC as its
commercial real estate business advisors.  The Committee also
retained Cutler Pickering Hale and Dorr LLP as its attorneys for
the special purpose of providing legal services in connection with
Federal Deposit Insurance Corporation matters.

Protech Holdings C LLC, an affiliate of Capmark, filed for
Chapter 11 protection on July 29, 2010 (Bankr. D. Del. Case No.
10-12387).  Protech estimated assets and debts in excess of
$1 billion as of the filing date.

Since filing for Chapter 11, Capmark completed three sales to
generate more than $1 billion in cash.  Berkshire Hathaway Inc.
and Leucadia National Corp. bought most of the business for
$468 million.  In April 2011, Greenline Ventures LLC completed the
acquisition of the New Markets Tax Credit division of Capmark
Financial Group Inc.  Since inception of the NMTC program,
Capmark's NMTC division has closed over $1.1 billion of NMTC
investment funds and financed over $2.5 billion of projects and
businesses in low income communities nationwide.

Capmark won confirmation of its reorganization plan in August 2011
allowing it to distribute about $4 billion of stock, cash and new
debt to unsecured creditors and streamline operations around its
flagship bank.  Unsecured creditors were to receive $900 million
in cash, $1.25 billion in secured notes and 100 million shares in
reorganized Capmark, now a bank holding company.  The plan was
declared effective in October.

Also in October 2011, Capmark closed the sale of its low-income
housing tax credit asset portfolio to Hunt Cos. Inc., a national
real estate services company.  El Paso, Texas-based Hunt was the
successful bidder in the auction of the assets, paying
$102.4 million.


CASH STORE: Reports $6.8 Million Net Loss in June 30 Quarter
------------------------------------------------------------
The Cash Store Financial Services Inc. reported a net loss and
comprehensive loss of $6.89 million on $46.32 million of revenue
for the three months ended June 30, 2013, as compared with a net
loss and comprehensive loss of $3.57 million on $48.65 million of
revenue for the same period last year.

For the nine months ended June 30, 2013, the Company reported a
net loss and comprehensive loss of $12.87 million on $142.48
million of revenue as compared with a net loss and comprehensive
loss of $43.77 million on $136.59 million of revenue for the same
period a year ago.

The Company's balance sheet at June 30, 2013, showed $192.73
million in total assets, $171.47 million in total liabilities and
$21.25 million in shareholders' equity.

Mr. Gordon Reykdal, CEO, commented, "The third quarter was notable
as we continue to see strong results in our core consumer lending
and brokering business.  We are pleased with the roll-out of our
suite of lines of credit products in Manitoba and Ontario, which
has contributed to increases in loan fees on a year over year
basis - despite having consolidated more than 60 branches from our
Canadian operations last year."

The Board of Directors has determined not to issue a quarterly
dividend in respect of the third quarter of fiscal 2013, the
period ended June 30, 2013.  The Board of Directors reviews the
Company's dividend distribution policy on a quarterly basis.  This
review includes evaluating the financial position, profitability,
cash flow and other factors that the Board of Directors considers
relevant.

A copy of the press release is available for free at:

                        http://is.gd/YK6faO

                      About Cash Store Financial

Headquartered in Edmonton, Alberta, The Cash Store Financial is
the only lender and broker of short-term advances and provider of
other financial services in Canada that is listed on the Toronto
Stock Exchange (TSX: CSF).  Cash Store Financial also trades on
the New York Stock Exchange (NYSE: CSFS).  Cash Store Financial
operates 512 branches across Canada under the banners "Cash Store
Financial" and "Instaloans".  Cash Store Financial also operates
25 branches in the United Kingdom.

Cash Store Financial is a Canadian corporation that is not
affiliated with Cottonwood Financial Ltd. or the outlets
Cottonwood Financial Ltd. operates in the United States under the
name "Cash Store".  Cash Store Financial does not do business
under the name "Cash Store" in the United States and does not own
or provide any consumer lending services in the United States.

Cash Store Financial employs approximately 1,900 associates.

                          *     *     *

As reported in the Feb. 8, 2013 edition of the TCR, Standard &
Poor's Ratings Services lowered its issuer credit rating on Cash
Store Financial (CSF) to 'CCC+' from 'B-'.  The outlook is
negative.

"The downgrades follow a proposal by the payday loan registrar in
Ontario to revoke CSF's payday lending licenses and CSF's
announcement that it has discontinued its payday loan product in
the region," said Standard & Poor's credit analyst Igor Koyfman.
The company's businesses in Ontario, which account for
approximately one-third of its store count, will begin offering a
new line of credit product to its customers.  S&P believes this is
to offset the loss of its payday lending product; however, this is
a relatively new product, and S&P believes that it will be
challenging for the company to replace its lost earnings from the
payday loan product.  S&P also believes that the registrar's
proposal could lead to similar actions in other territories," the
Company said.

As reported by the TCR on May 22, 2013, Moody's Investors Service
downgraded the Corporate Family Rating and senior unsecured debt
rating of Cash Store Financial Services to Caa1 from B3 and
assigned a negative outlook.  According to Moody's, CSFS remains
unprofitable on both the pretax and net income lines and prospects
for return to profitability are unclear.


CASPIAN SERVICES: Delays Form 10-Q for Second Quarter
-----------------------------------------------------
Caspian Services, Inc.'s quarterly report for the period ended
June 30, 2013, was not timely filed because the management
requires additional time to compile and verify the data required
to be included in the report.  According to the Company, the
report will be filed within five calendar days of the date the
original report was due.

The Company anticipates that during the three and nine month
periods ended June 30, 2013, total revenues will have increased
approximately 22 percent and 15 percent, respectively compared to
the comparable periods of the prior fiscal year.  This increase is
primarily attributable to higher geophysical services revenues.
Vessel revenues are expected to be slightly higher in the three
months ended June 30, 2013, but significantly lower in the nine
months ended June 30, 2013.  Marine base revenue is expected to be
slightly higher in both the three and nine month periods ended
June 30, 2013.

The Company believes that total costs and operating expenses
during the three and nine month periods ended June 30, 2013, will
not have changed significantly compared to the three and nine
month periods ended June 30, 2012, with a slight decrease
occurring in the three month period of 2013 and a slight increase
in the nine month period of 2013.  The Company anticipates income
from operations of approximately $1.4 million during the three
months ended June 30, 2013, compared to a loss from operations of
approximately $680,000 during the three months ended June 30,
2012.  During the nine months ended June 30, 2013, the Company
anticipates a loss from operations of approximately $1.8 million
compared to a loss from operations of approximately $4.8 million
during the nine months ended June 30, 2012.

The Company expects to realize net losses from continuing
operations net of discontinued operations of approximately
$700,000 and $5.8 million, respectively, for the three and nine
month periods ended June 30, 2013, compared to net losses from
continuing operations net of discontinued operations of
approximately $2.1 million and $10 million, respectively during
the three and nine month periods ended June 30, 2012.  During the
quarter, the Company agreed to sell its interest in its majority-
owned subsidiary Kazmorgeophysica JSC, as a result, the Company
anticipates realizing losses from discontinued operations during
the three and nine month periods ended June 30, 2013, of
approximately $4.8 million and $5.3 million, respectively and $1.3
million and $2 million, respectively during the three and nine
month periods ended June 30, 2012.

During the three and nine month periods ended June 30, 2013, the
Company anticipates realizing a net losses attributable to Caspian
Services, Inc. (net of non-controlling interests) of approximately
$5 million and $10.3 million, respectively, compared to net losses
attributable to Caspian Services, Inc., of approximately $2.6
million and $10.3 million, respectively during the three and nine
month periods ended June 30, 2012.

                      About Caspian Services

Headquartered in Salt Lake City, Caspian Services, Inc., was
incorporated under the laws of the state of Nevada on July 14,
1998.  Since February 2002 the Company has concentrated its
business efforts to provide diversified oilfield services to the
oil and gas industry in western Kazakhstan and the Caspian Sea,
including providing a fleet of vessels, onshore, transition zone
and marine seismic data acquisition and processing services and a
marine supply and support base in the port of Bautino, in Bautino
Bay, Kazakhstan.

The Company's balance sheet at March 31, 2013, showed $84.90
million in total assets, $87.98 million in total liabilities and a
$3.08 million total deficit.

                    Going Concern Uncertainty

Under the terms of the EBRD Loan Agreement, as amended, Balykshi
LLP, the Company's majority owned subsidiary, is required to repay
the loan principal and accrued interest in eight equal semi-annual
installments commencing Nov. 20, 2011, and then occurring each
May 20 and November 20 thereafter until fully repaid.  The first
three semi-annual repayment installments, due Nov. 20, 2011,
May 20, 2012, and Nov. 20, 2012, were not made.

Additionally, an event of default may trigger the acceleration
clause in the Put Option Agreement with EBRD which would allow
EBRD to put its $10,000,000 investment in Balykshi back to the
Company.  If EBRD were to accelerate its put right, the Company
could be obligated to repay the initial investment plus a 20%
annual rate of return.  The balance of accelerated put option
liability was $18,326,000 and $17,822,000 as of Dec. 31, 2012, and
Sept. 30, 2012.

EBRD also previously notified the Company that it believes the
Company and Balykshi are in violation of certain other covenants
of the EBRD financing agreements.  As of Feb. 19, 2013, to the
Company's knowledge, EBRD has not sought to accelerate repayment
of the loan or the put option.

Should EBRD determine to exercise its acceleration rights or
should the Loan Restructuring Agreement with an otherwise
unrelated individual (the "Investor") not close, the Company
currently has insufficient funds to repay its obligations to
Investor or EBRD individually or collectively and would be forced
to seek other sources of funds to satisfy these obligations.
Given the Company's current and near-term anticipated operating
results, the difficult credit and equity markets and the Company's
current financial condition, the Company believes it would be very
difficult to obtain new funding to satisfy these obligations.  If
the Company is unable to obtain funding to meet these obligations,
Investor and or EBRD could seek any legal remedies available to
them to obtain repayment, including forcing the Company into
bankruptcy, or in the case of the EBRD loan, which is
collateralized by the assets, including the marine base, and bank
accounts of Balykshi and Caspian Real Estate, Ltd, foreclosure by
EBRD on such assets and bank accounts.

"The ability of the Company to continue as a going concern is
dependent upon, among other things, its ability to successfully
negotiate and conclude restructured financing agreements with EBRD
and the Investor and its ability to generate sufficient revenue
from operations, or to identify a financing source that will
provide the Company the ability to satisfy its repayment and
guarantee obligations under the restructured financing agreements.
Uncertainty as to the outcome of these factors raises substantial
doubt about the Company's ability to continue as a going concern,"
the Company said in its quarterly report for the period ended
Dec. 31, 2012.


CETERA FINANCIAL: S&P Raises Issuer Credit Rating to 'B+'
---------------------------------------------------------
Standard & Poor's Ratings Services said that it raised its issuer
credit and senior secured debt ratings on Cetera Financial Group
to 'B+' from 'B' and removed the ratings from CreditWatch, where
S&P placed them on July 30, 2013.  The outlook is stable.

"The upgrade reflects the material reduction in the amount of debt
and dividend relative to the original amounts the company intended
to issue in July 2013 when we assigned our 'B' rating," said
Standard & Poor's credit analyst Olga Roman.  Cetera has reduced
its funded debt by $55 million to $210 million and reduced its
dividend to $81 million.  S&P believes that this change in the
company's capital structure results in a strengthening of credit
metrics to a level that is in line with 'B+' issuer credit rating.

"The ratings on Cetera reflect the firm's aggressive financial
management, including a still considerable debt burden and
negative tangible equity, as well as integration risk as the
result of several recent acquisitions.  Although these
acquisitions enabled Cetera to quickly gain scale and become one
of the largest independent brokers, we view negatively its limited
track record operating as an independent firm, rapid growth, and
still relatively small size in the highly competitive U.S.
brokerage business.  We believe that favorable growth trends in
the U.S. independent financial advisory industry and the firm's
variable cost structure and limited balance sheet risk only
partially offset these weaknesses," S&P added.

S&P's  rating on Cetera is two notches lower than the group credit
profile ('bb'), reflecting the structural subordination between
Cetera's operating subsidiaries and the debt-issuing non-operating
holding company.  S&P differentiates ratings at the operating
company and holding company consistent with its general approach
to analyzing non-operating holding companies.

For securities firms, this relationship typically results in a
lower rating on debt issued by holding companies to reflect the
possibility that resources will be maintained at the operating
company level to meet regulatory capital requirements or other
liquidity guidelines.  The holding company's ability to implement
fiscal policy most favorable to it is limited, and this supports
the notching.  When the group credit profile is speculative grade
(rated 'BB+' or lower), as in Cetera's case, S&P generally rates
the non-operating holding company two notches lower that an
implied operating company level rating.

The stable outlook reflects S&P's  expectation that Cetera will
successfully complete the integration of its recent acquisitions.
S&P also expects the company to continue to operate with minimal
principal risk exposure and adequate liquidity.  S&P could lower
its ratings if Cetera's earnings or liquidity were to materially
deteriorate or if debt to adjusted EBITDA were to increase above
4x.  Additionally, S&P could lower its ratings if Cetera were to
experience significant operational issues or civil litigation.  As
S&P do not anticipate material sustained improvement in Cetera's
financial metrics, ratings upside potential is likely to be
limited.


CHINA TELETECH: Delays Form 10-Q for Second Quarter
---------------------------------------------------
China Teletech Holding, Inc., was unable, without unreasonable
effort or expense, to file its quarterly report on Form 10-Q for
the quarter ended June 30, 2013, by the Aug. 14, 2013, filing date
applicable to smaller reporting companies due to a delay
experienced by the Company in completing its financial statements
and other disclosures in the quarterly report.  As a result, the
Company is still in the process of compiling required information
to complete the quarterly report and its independent registered
public accounting firm requires additional time to complete its
review of the financial statements for the quarter ended June 30,
2013, to be incorporated in the quarterly report.  The Company
anticipates that it will file the quarterly report no later than
the fifth calendar day following the prescribed filing date.

                        About China Teletech

Tallahassee, Fla.-based China Teletech Holding, Inc., is a
national distributor of prepaid calling cards and integrated
mobile phone handsets and a provider of mobile handset value-added
services.  The Company is an independent qualified corporation
that serves as one of the principal distributors of China Telecom,
China Unicom, and China Mobile products in Guangzhou City.

On June 30, 2012, the Company strategically sold its wholly-owned
subsidiary, Guangzhou Global Telecommunication Company Limited
("GGT"), to a third party.  GGT was engaged in the trading and
distribution of cellular phones and accessories, prepaid calling
cards, and rechargeable store-value cards.

China Teletech disclosed net income of US$53,542 on US$26.62
million of sales for the year ended Dec. 31, 2012, as compared
with a net loss of US$348,124 on US$18.84 million of sales for the
year ended Dec. 31, 2011.

The Company's balance sheet at March 31, 2013, showed
$2.29 million in total assets, $2 million in total liabilities and
$297,675 in total stockholders' equity.

WWC, P.C., in San Mateo, California, issued a "going concern"
qualification on the consolidated financial statements for the
period ended March 31, 2013.  The independent auditors noted that
the Company has incurred substantial losses, and has difficulty to
pay the PRC government Value Added Tax and past due Debenture
Holders Settlement, all of which raise substantial doubt about its
ability to continue as a going concern."


CHRISTIAN BROTHERS: Deal with Abuse Claimants Pave Way for Plan
---------------------------------------------------------------
The Christian Brothers' Institute and The Christian Brothers of
Ireland, Inc., and the Official Committee of Unsecured Creditors
have a plan made possible following an "allocation plan"
negotiated with 75% of sexual abuse claimants.

The Joint Chapter 11 Plan of Reorganization dated Aug. 22, 2013,
has the Debtors and the Official Committee of Unsecured Creditors
as co-proponents.

According to the explanatory disclosure statement, holders of
sexual abuse claims (Class 4) will have the option of being
treated in one of two ways: (i) payment from the Trust utilizing
the allocation plan or (ii) commencing or continuing litigation
against the Debtors in a court of appropriate jurisdiction.
Holders of Class 4 Claims must make an election of their treatment
on their ballot.  Absent any election, the holder will be paid in
accordance with the allocation plan.  Holders of allowed sexual
abuse claims who elect the allocation plan alternative will be
paid no less than $5,000.

Holders of allowed fraud claims (Class 5) will receive $10,000
from the trust.  Holders of allowed physical abuse claims (Class
6) will receive $500.  Holders of Allowed General Unsecured Claims
(Class 8) will receive their pro rata share of $50,000.

Holders of allowed Penalty Claims (Class 9), and abuse related
contingent contribution/reimbursement/indemnity claims (Class 10)
will receive no distribution under the Plan.  Classes 9 and 10 are
impaired and deemed to reject the Plan.

The Trust is a "qualified settlement fund" ("QSF") within the
meaning Treasury Regulations enacted under Internal Revenue Code
Section 486B(g).  The cash required to fund the Trust, which will
pay holders of Class 4, 5 and 6 Claims, will come from

    (i) $13.442 million of cash from the Debtors

   (ii) $3.2 million of cash from Providence Washington Insurance
Co.,

  (iii) sales of real property owned by the Debtors,

   (iv) the prosecution and settlement of lawsuits which are
property of the Debtors' Estates, and

    (v) certain funds that may be received from Non-Settling
Insurers and Participating Parties.

The cash required to fund payments for Professional Fees and
Classes 3 and 8 Claims will come from the Debtors and/or the
Reorganized Debtors.

A copy of the Joint Disclosure Statement is available at:

              http://bankrupt.com/misc/CBI.doc571.pdf

                About Christian Brothers' Institute

The Christian Brothers' Institute in New Rochelle, New York, is a
domestic not-for-profit 501(c)(3) corporation organized under Sec.
102(a)(5) of the New York Not-for-Profit Corporation Law.  CBI was
formed to establish, conduct and support Catholic elementary and
secondary schools principally throughout New York State.

The Christian Brothers of Ireland, Inc., in Chicago, Illinois, is
a domestic not-for-profit 501(c)(3) corporation organized under
the Not-for-Profit Corporation Law of the State of Illinois.  CBOI
was formed to establish, conduct and support Catholic elementary
and secondary schools principally throughout the State of
Illinois, as well as other spiritual and temporal affairs of the
former Brother Rice Province of the Congregation of Christian
Brothers.

CBI and CBOI depend upon grants and donations to fund a portion of
their operating expenses.

The Christian Brothers' Institute and The Christian Brothers of
Ireland filed for Chapter 11 bankruptcy protection (Bankr.
S.D.N.Y. Case Nos. 11-22820 and 11-22821) on April 28, 2011.
Scott S. Markowitz, Esq., at Tarter Krinsky & Drogin LLP, serves
as the Debtors' bankruptcy counsel.  The Christian Brothers'
Institute disclosed assets of $63,418,267 and $8,484,853 in
liabilities.  CBOI discloses assets of $1,091,084 and liabilities
of $3,622,500.

Attorneys at Pachulski Stang Ziehl & Jones LLP, in Los Angeles,
Calif., and New York, N.Y., represent the Official Committee of
Unsecured Creditors as counsel.  Paul A. Richler, Esq., of
Pacific Palisades, Calif., serves as Special Insurance Counsel to
the Official Committee of Unsecured Creditors.


COATES INTERNATIONAL: Incurs $1.2 Million Net Loss in 2nd Qtr.
--------------------------------------------------------------
Coates International, Ltd., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss of $1.17 million on $4,800 of sublicensing fee revenue
for the three months ended June 30, 2013, as compared with a net
loss of $1.48 million on $4,800 of sublicensing fee revenue for
the same period last year.

For the six months ended June 30, 2013, the Company reported a net
loss of $1.98 million on $9,600 of sublicensing fee revenue, as
compared with a net loss of $2.88 million on $9,600 of
sublicensing fee revenue for the same period during the prior
year.

The Company's balance sheet at June 30, 2013, showed $2.39 million
in total assets, $5.57 million in total liabilities and a $3.17
million total stockholders' deficiency.

                        10-Q Filing Delayed

Late in the afternoon of Aug. 14, 2013, the Company agreed on the
terms of a settlement with Mark D. Goldsmith, a former executive
of the Company who had filed a lawsuit against the Company for
breach of an employment contract.  The final settlement agreement
has not yet been executed.  According to the main provisions of
the settlement, the Company has agreed to pay the plaintiff
$125,000 in five installments over the period beginning Nov. 15,
2013, and ending on Feb. 15, 2015.  The parties will execute
mutual releases.  The Company has previously accrued $96,000 in
connection with this litigation.

Due to the lateness of this subsequent event which is required to
be disclosed in the Company's Form 10-Q for the quarter ended
June 30, 2013, the Company said it was not feasible to ensure that
its internal controls over financial reporting can be complied
with, given that this development became known less than two hours
prior to the filing deadline.

A copy of the Form 10-Q is available for free at:

                        http://is.gd/4fDjaE

                    About Coates International

Based in Wall Township, N.J., Coates International, Ltd.
(OTC BB: COTE) -- http://www.coatesengine.com/-- was incorporated
on August 31, 1988, for the purpose of researching, patenting and
manufacturing technology associated with a spherical rotary valve
system for internal combustion engines.  This technology was
developed over a period of 15 years by Mr. George J. Coates, who
is the President and Chairman of the Board of the Company.

The Coates Spherical Rotary Valve System (CSRV) represents a
revolutionary departure from the conventional poppet valve.  It
changes the means of delivering the air and fuel mixture to the
firing chamber of an internal combustion engine and of expelling
the exhaust produced when the mixture ignites.

Coates International disclosed a net loss of $4.53 million on $0
of sales for the year ended Dec. 31, 2012, as compared with a net
loss of $2.99 million on $125,000 of sales for the year ended Dec.
31, 2011.

Cowan, Gunteski & Co., P.A., in Tinton Falls, New Jersey, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2012, citing negative cash
flows from operations, recurring losses from operations, and a
stockholders' deficiency that raise substantial doubt about the
Company's ability to continue as a going concern.


COMSTOCK RESOURCES: Moody's Affirms 'B2' Corp. Family Rating
------------------------------------------------------------
Moody's Investors Service raised Comstock Resources, Inc.'s
Speculative Grade Liquidity Rating to SGL-2 from SGL-3. Moody's
also affirmed Comstock's B2 Corporate Family Rating and the B3
rating on the company's senior unsecured notes. The outlook is
stable.

Upgrades:

Issuer: Comstock Resources, Inc.

  Speculative Grade Liquidity Rating, Upgraded to SGL-2 from
  SGL-3

Outlook Actions:

Issuer: Comstock Resources, Inc.

  Outlook, Remains Stable

Affirmations:

Issuer: Comstock Resources, Inc.

  Probability of Default Rating, Affirmed B2-PD

  Corporate Family Rating, Affirmed B2

  Senior Unsecured Regular Bond/Debenture Oct 15, 2017, Affirmed
  B3, Upgraded to a range of LGD4, 67 % from a range of LGD5,
  71 %

  Senior Unsecured Regular Bond/Debenture Apr 1, 2019, Affirmed
  B3, Upgraded to a range of LGD4, 67 % from a range of LGD5,
  71%

  Senior Unsecured Regular Bond/Debenture Jun 15, 2020, Affirmed
  B3, Upgraded to a range of LGD4, 67 % from a range of LGD5,
  71%

Ratings Rationale:

Comstock's SGL-2 rating reflects good liquidity through 2014.
Following the Permian asset sale in May, Comstock had full
available under its $500 million credit facility and $264 million
of cash. The credit facility has a $500 million borrowing base,
which is subject to semi-annual redeterminations based on the
value of proved reserves. Financial covenants under the credit
facility include a current ratio of at least 1.0x (undrawn credit
facility availability is included in the calculation of current
assets) and debt / EBITDAX of less than 4.25x. At June 30, 2013
the company's current ratio was close to 7x and debt/EBITDAX
modestly above 2.5x. There are no debt maturities prior to 2015
when the credit facility matures. Although the majority of
Comstock's assets are pledged as security under the credit
facility, the company has the ability to raise additional
liquidity through limited asset sales.

The divestiture of its West Texas Permian Basin properties, which
closed in May for $824 million, allowed Comstock to pay off the
borrowings under its revolving credit facility and improve its
liquidity. The sale of current production and proved developed
(PD) reserves associated with the divestiture was not significant
enough to completely offset an improvement in its leverage on
production and PD reserves. With the remaining proceeds from the
divestiture of its Permian properties, Comstock will be able fund
and maintain adequate liquidity while it accelerates the drilling
and development of its Eagle Ford assets.

The B2 CFR reflects the company's high proportion of natural gas
production in a low gas price environment, its relatively early
stage operations in the Eagle Ford play where the majority of
capital spending will be focused, and the significant amount of
capital needed to fund its transition to becoming a more oil-
focused E&P company. The weak leveraged-full cycle ratio (LFCR),
which captures how efficient the company is using its capital,
restrains the rating. The rating is supported by the company's
increasing liquids production and lower cost structure that should
yield better cash margins and improved leverage metrics.

The B3 note rating reflects both the overall probability of
default of Comstock, to which Moody's assigns a PDR of B2-PD, and
a loss given default of LGD4-67%. The size of the senior secured
revolver's priority claim relative to the senior unsecured notes
results in the notes being rated one notch beneath the B2 CFR
under Moody's Loss Given Default Methodology.

Moody's could upgrade the CFR if it expects the company's
leveraged full cycle ratio (LFCR) to be maintained at or above
1.5x with RCF/debt of at least 40%. Conversely, a negative rating
action could result if liquidity deteriorates, if returns do not
continue to benefit from increasing liquids production, or if
Moody's expects RCF/debt to be maintained below 25%.

The principal methodology used in this rating was the Global
Independent Exploration and Production Industry Methodology
published in December 2011. Other methodologies used include Loss
Given Default for Speculative-Grade Non-Financial Companies in the
U.S., Canada and EMEA published in June 2009.

Comstock Resources, Inc. is an independent exploration and
production company headquartered in Frisco, Texas.


COOPER-BOOTH: Aug. 28 Hearing on Exclusivity Extension
------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of Pennsylvania
will convene a hearing on Aug. 28, 2013, at 11 a.m., to consider
Cooper-Booth Wholesale Co., et al.'s motion for extension of their
exclusivity periods.

As reported in the Troubled Company Reporter on Aug. 13, 2013, the
Debtors sought to keep exclusive control over their Chapter 11
case for another 120 days as they continue to negotiate the terms
of a Chapter 11 restructuring plan with creditors.

At the hearing, the Court will also consider the Debtors' motion
to extend time to assume, assign or reject unexpired lease of non-
residential real property.

            About Cooper-Booth Wholesale Company, L.P.

Cooper-Booth Wholesale Company, L.P. and two affiliates sought
Chapter 11 protection (Bankr. E.D. Pa. Lead Case No. 13-14519) in
Philadelphia on May 21, 2013, after the U.S. government seized the
Company's bank accounts to recover payments made by a large
customer caught smuggling Virginia-stamped cigarettes into New
York.

Serving the mid-Atlantic region, Cooper is one of the top 20
convenience store wholesalers in the country.  Cooper supplies
cigarettes, snacks, beverages and other food items from Hershey's,
Lellogg's, Bic, and Mars to convenience stores.  Cooper has been
in the wholesale distribution business since 1865 when the Booth
Tobacco Company was incorporated in Lancaster, Pennsylvania.  The
Company has been family owned and operated for three generations.

Aris J. Karalis, Esq., and Robert W. Seitzer, Esq., at Maschmeyer
Karalis, P.C., in Philadelphia, serve as the Debtors' bankruptcy
counsel.  Executive Sounding Board Associates, Inc., is the
financial advisor.  SSG Advisors, LLC, serves as investment
bankers.  Blank Rome LLP represents the Debtor in negotiations
with federal agencies concerning the seizure warrant.

Roberta A. DeAngelis, the U.S. Trustee for Region 3, appointed
three members to the Official Unsecured Creditors' Committee in
the Chapter 11 case.

Cooper Booth disclosed $58,216,784 in assets and $35,054,482 in
liabilities as of the Chapter 11 filing.  As of the Petition Date,
the Debtors' total consolidated funded senior debt obligations
were approximately $10.7 million and consisted of, among other
things, $7.72 million owing on a revolving line of credit
facility, $2.83 million owing on a line of credit for the purchase
of equipment, and $166,000 due on a corporate VISA Card.  PNC Bank
asserts that a letter of credit facility is secured by all
personal property owned by Wholesale.  Unsecured trade payables
totaled $22.8 million as of May 21, 2013.


COOPER-BOOTH: Wants Lease Decision Period Extended Until Jan. 16
----------------------------------------------------------------
Cooper-Booth Wholesale Company, L.P., et al., ask the U.S.
Bankruptcy Court for the Eastern District of Pennsylvania to
extend until Jan. 16, 2014, their period to assume, assign or
reject their unexpired non-residential real property leases.

Bardon Development, L.L.P., as their landlord, has consented to
the extension.

            About Cooper-Booth Wholesale Company, L.P.

Cooper-Booth Wholesale Company, L.P. and two affiliates sought
Chapter 11 protection (Bankr. E.D. Pa. Lead Case No. 13-14519) in
Philadelphia on May 21, 2013, after the U.S. government seized the
Company's bank accounts to recover payments made by a large
customer caught smuggling Virginia-stamped cigarettes into New
York.

Serving the mid-Atlantic region, Cooper is one of the top 20
convenience store wholesalers in the country.  Cooper supplies
cigarettes, snacks, beverages and other food items from Hershey's,
Lellogg's, Bic, and Mars to convenience stores.  Cooper has been
in the wholesale distribution business since 1865 when the Booth
Tobacco Company was incorporated in Lancaster, Pennsylvania.  The
Company has been family owned and operated for three generations.

Aris J. Karalis, Esq., and Robert W. Seitzer, Esq., at Maschmeyer
Karalis, P.C., in Philadelphia, serve as the Debtors' bankruptcy
counsel.  Executive Sounding Board Associates, Inc., is the
financial advisor.  SSG Advisors, LLC, serves as investment
bankers.  Blank Rome LLP represents the Debtor in negotiations
with federal agencies concerning the seizure warrant.

Roberta A. DeAngelis, the U.S. Trustee for Region 3, appointed
three members to the Official Unsecured Creditors' Committee in
the Chapter 11 case.

Cooper Booth disclosed $58,216,784 in assets and $35,054,482 in
liabilities as of the Chapter 11 filing.  As of the Petition Date,
the Debtors' total consolidated funded senior debt obligations
were approximately $10.7 million and consisted of, among other
things, $7.72 million owing on a revolving line of credit
facility, $2.83 million owing on a line of credit for the purchase
of equipment, and $166,000 due on a corporate VISA Card.  PNC Bank
asserts that a letter of credit facility is secured by all
personal property owned by Wholesale.  Unsecured trade payables
totaled $22.8 million as of May 21, 2013.


COUDERT BROTHERS: Dechert Can't Avoid Suit Over Paris Takeover
--------------------------------------------------------------
Law360 reported that Dechert LLP must face allegations that it
underpaid for defunct, bankrupt law firm Coudert Brothers LLP's
Paris office in 2005, a New York federal judge ruled on Aug. 22,
saying it was too soon to decide the value of employment
liabilities and other issues.

According to the report, U.S. District Judge Colleen McMahon said
it wasn't clear under federal, New York or French law if
employment-related costs such as severance payments that Dechert
absorbed could be used to offset the value of the rest of
Coudert's French affiliate, Coudert Freres.

The case is Development Specialists, Inc. v. Dechert LLP, Case No.
1:11-cv-05984 (S.D.N.Y.) before Judge Colleen McMahon.

                      About Coudert Brothers

Coudert Brothers LLP was an international law firm specializing in
complex cross-border transactions and dispute resolution.  The
firm had operations in Australia and China.  Coudert filed for
Chapter 11 protection (Bankr. S.D.N.Y. Case No. 06-12226) on
Sept. 22, 2006.  John E. Jureller, Jr., Esq., and Tracy L.
Klestadt, Esq., at Klestadt & Winters, LLP, represented the Debtor
in its restructuring efforts.  Brian F. Moore, Esq., and David J.
Adler, Esq., at McCarter & English, LLP, represented the Official
Committee of Unsecured Creditors.  Coudert scheduled total assets
of $30.0 million and total debts of $18.3 million as of the
Petition Date.  The Bankruptcy Court in August 2008 signed an
order confirming Coudert's chapter 11 plan.  The Plan contemplated
on paying 39% to unsecured creditors with $26 million in claims.

Coudert has been succeeded by Development Specialists, Inc. in its
capacity as Plan Administrator under the confirmed chapter 11
plan.


DATAJACK INC: Delays Form 10-Q for Second Quarter
-------------------------------------------------
DataJack, Inc., said it has been unable to complete its financial
statements for the quarter ended June 30, 2013, by Aug. 14, 2013.
As a result, the Company was unable to file its quarterly report
on Form 10-Q for that period.

DataJack, Inc. (formerly Quamtel, Inc.) and its subsidiaries was
incorporated in 1999 under the laws of Nevada as a communications
company offering, a comprehensive range of mobile broadband and
communications products.

The Company offers secure nationwide mobile broadband wireless
data transmission services primarily under the DataJack brand.
Through DataJack, the Company offers low cost, no contract, mobile
broadband with various data plans.  The Company's DataJack service
is offered primarily through two devices - the DataJack WiFi
Mobile Hotspot that can connect up to 5 Wi-Fi enabled devices and
the DataJack USB, a Plug and Play USB Device.

In its report on the 2011 financial statements, RBSM LLP, in New
York, New York, expressed substantial doubt about Quamtel's
ability to continue as a going concern.  The independent auditors
noted that the Company has incurred significant operating losses
in the current year and also in the past.

The Company reported a net loss of $4.49 million on $1.93 million
of revenues for 2011, compared with a net loss of $10.05 million
on $2.18 million of revenues for 2010.

The Company's balance sheet at March 31, 2013, showed $1.90
million in total assets, $4.77 million in total liabilities and a
$2.87 million total shareholders' deficit.


DELPHI AUTOMOTIVE: Shares On a Roll Following Bankruptcy Exit
-------------------------------------------------------------
Lawrence C. Strauss, writing for Daily Bankruptcy Review, reported
that Bill Nygren, the veteran value manager, had high hopes for
Delphi Automotive when he spoke to Barron's nearly a year ago. The
auto-component maker had emerged from bankruptcy protection in
2009.  The co-manager of the Oakmark Fund asserted that the stock,
then $31, could get to $50 within the two years, the report said.

                         About Delphi Corp.

Based in Troy, Michigan, Delphi Corporation --
http://www.delphi.com/-- is a global supplier of electronics and
technologies for automotive, commercial vehicle and other market
segments.  Delphi operates major technical centers, manufacturing
sites and customer support facilities in 30 countries.

The Company filed for Chapter 11 protection (Bankr. S.D.N.Y. Lead
Case No. 05-44481) on Oct. 8, 2005.  John Wm. Butler Jr., Esq.,
John K. Lyons, Esq., and Ron E. Meisler, Esq., at Skadden, Arps,
Slate, Meagher & Flom LLP, represented the Debtors in their
restructuring efforts.  Robert J. Rosenberg, Esq., Mitchell A.
Seider, Esq., and Mark A. Broude, Esq., at Latham & Watkins LLP,
represented the Official Committee of Unsecured Creditors.  As of
June 30, 2008, the Debtors' balance sheet showed US$9,162,000,000
in total assets and US$23,742,000,000 in total debts.

The Court confirmed Delphi's plan on Jan. 25, 2008.  The Plan
was not consummated after a group led by Appaloosa Management,
L.P., backed out from their proposal to provide US$2,550,000,000
in equity financing to Delphi.  At the end of July 2009, Delphi
obtained confirmation of a revised plan, build upon a sale of the
assets to a entity formed by some of the lenders who provided
$4 billion of debtor-in-possession financing, and General Motors
Company.

On Oct. 6, 2009, Delphi's Chapter 11 plan of reorganization became
effective.  A Master Disposition Agreement executed among Delphi
Corporation, Motors Liquidation Company, General Motors Company,
GM Components Holdings LLC, and DIP Holdco 3, LLC, divides
Delphi's business among three separate parties -- DPH Holdings
LLC, GM Components, and DIP Holdco 3.

Delphi emerged from Chapter 11 as DPH Holdings.  DPH Holdings is
responsible for the post-Effective Date administration and
eventual closing of the Chapter 11 cases as well as the
disposition of certain retained assets and payment of certain
retained liabilities as provided under the Modified Plan.

Delphi Automotive PLC is UK-based company formed in May 2011 as a
holding company for US-based automotive parts manufacturer Delphi
Automotive LLP.  Delphi Automotive LLP is the successor to the
former Delphi Corporation.  At the time of its formation, Delphi
Automotive PLC filed an initial public offering seeking to raise
at least $100 million.


DETROIT, MI: Bankruptcy Court Rebukes Mediator Ethics Debate
------------------------------------------------------------
Law360 reported that the Detroit court overseeing the city's
historic bankruptcy defended its decision to appoint litigator
Eugene Driker to mediate the case even though the city is his
former client, saying its mediators follow a different code of
ethics than the model rules adopted by the American Bar
Association.

In a Law360 article published on Aug. 22, mediation experts said
that Driker's involvement in the largest municipal bankruptcy in
American history might violate the Model Standards of Conduct for
Mediators, adopted by the American Bar Association.

A declaration by Eastern District of Michigan Chief Judge Gerald
Rosen thoroughly details the credentials of the five mediators he
picked to officiate negotiations in the largest municipal
bankruptcy in American history.  The declaration omits, however,
that the city is a former client of mediator Eugene Driker, the
report related.

                     About Detroit, Michigan

The city of Detroit, Michigan, weighed down by more than
$18 billion in accrued obligations, sought municipal bankruptcy
protection on July 18, 2013, by filing a voluntary Chapter 9
petition (Bankr. E.D. Mich. Case No. 13-53846).  Detroit listed
more than $1 billion in both assets and debts.

Kevyn Orr, who was appointed in March 2013 as Detroit's emergency
manager, signed the petition.  Detroit is represented by
lawyers at Jones Day and Miller Canfield Paddock and Stone PLC.

Michigan Governor Rick Snyder authorized the bankruptcy filing.

The filing makes Detroit the largest American city to seek
bankruptcy, in terms of population and the size of the debts and
liabilities involved.

The city's $18 billion in debt includes $5.85 billion in special
revenue obligations, $6.4 billion in post-employment benefits,
$3.5 billion for underfunded pensions, $1.13 billion on secured
and unsecured general obligations, and $1.43 billion on pension-
related debt, according to a court filing.  Debt service consumes
42.5 percent of revenue.  The city has 100,000 creditors and
20,000 retirees.

Detroit is represented by David G. Heiman, Esq., and Heather
Lennox, Esq., at Jones Day, in Cleveland, Ohio; Bruce Bennett,
Esq., at Jones Day, in Los Angeles, California; and Jonathan S.
Green, Esq., and Stephen S. LaPlante, Esq., at Miller Canfield
Paddock and Stone PLC, in Detroit, Michigan.

Sharon Levine, Esq., at Lowenstein Sandler LLP, is representing
the American Federation of State, County and Municipal Employees
and the International Union.

Babette Ceccotti, Esq., at Cohen, Weiss & Simon LLP, is
representing the United Automobile, Aerospace and Agricultural
Implement Workers of America.


DEWEY STRIP: Gets Court Nod to Hire Neal Wolf as Lead Counsel
-------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware gave Dewey
Strip Holdings, LLC, et al., authority to employ Neal Wolf
& Associates, LLC, as their restructuring and bankruptcy counsel,
effective as of the Petition Date.

NW&A will be providing general legal services to, and advising the
Debtors of their rights, powers, and duties as debtors-in-
possession.

As reported in the July 26, 2013 edition of The Troubled Company
Reporter, NW&A and the Debtors agreed on an aggregate "flat fee"
of $350,000, for work done prepetition and postpetition, for the
prosecution to completion of both Chapter 11 cases.  The initial
$250,000 was provided to the firm by International Power
Syndications, Ltd., an affiliate and sole member of each of the
Debtors, in February 2012.  The remaining $100,000 is to be paid
by IPS at the conclusion of the Chapter 11 cases.  The fee
agreement is not in any way tied to, or contingent upon, the
results obtained in the Chapter 11 cases, according to the
Debtors.

Neal L. Wolf, Esq., Mohsin N. Khambati, Esq., John A. Benson, Jr.,
Esq., Michael R. Wanser, Esq. and Sandy Holstrom, Esq. are the
Neal Wolf professionals expected to render services to the
Debtors.  Their hourly rates range from $695 to $175.

                       About Dewey Strip

Las Vegas, Nevada-based Dewey Strip Holdings LLC and Las Vegas
North Strip Holdings Syndications Group LLC sought Chapter 11
protection (Bankr. D. Del. Case Nos. 13-11479 and 13-11480) on
June 7, 2013, in Delaware, without stating a reason.

Each debtor, a Single Asset Real Estate as defined in 11 U.S.C.
Sec. 101(51B), estimated at least $10 million in assets and at
least $100 million in liabilities.  In its schedules, Dewey Strip
Holdings disclosed $35,000,000 and $243,573,461 in liabilities as
of the Petition Date.

The petitions were signed by Martin H. Walrath, IV, vice-president
of International Property Syndications, Ltd., as manager and sole
member.


DEWEY STRIP: Can Tap Womble Carlyle as Delaware Co-counsel
----------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware granted
Dewey Strip Holdings, LLC, et al., authority to hire Womble
Carlyle Sandridge & Rice, LLP, as Delaware co-counsel, nunc pro
tunc to the Petition Date.  In general, Womble Carlyle will
provide to the Debtors legal services in relation to their
bankruptcy proceedings.

Steven K. Kortanek, Esq., Thomas M. Horan, Esq., and Ericka F.
Johnson, Esq. of the Womble Carlyle firm will render the
contemplated services to the Debtors.

                      About Dewey Strip

Las Vegas, Nevada-based Dewey Strip Holdings LLC and Las Vegas
North Strip Holdings Syndications Group LLC sought Chapter 11
protection (Bankr. D. Del. Case Nos. 13-11479 and 13-11480) on
June 7, 2013, in Delaware, without stating a reason.

Each debtor, a Single Asset Real Estate as defined in 11 U.S.C.
Sec. 101(51B), estimated at least $10 million in assets and at
least $100 million in liabilities.  In its schedules, Dewey Strip
Holdings disclosed $35,000,000 and $243,573,461 in liabilities as
of the Petition Date.

The petitions were signed by Martin H. Walrath, IV, vice-president
of International Property Syndications, Ltd., as manager and sole
member.


EASTERN HILLS: Richard W. Ward Approved as Counsel
--------------------------------------------------
The Bankruptcy Court authorized The Eastern Hills Country Club to
employ Richard W. Ward, Esq., as counsel.

As reported in the Troubled Company Reporter on July 4, 2013,
the Debtor sought to employ Mr. Ward under a general retainer in
accordance with Mr. Ward's normal hourly rate of $350 per hour and
with reimbursement of all expenses incurred by Mr. Ward.

Mr. Ward attested he is "disinterested" and does not represent any
interest that is materially adverse to the interests of the
bankruptcy estate of the Debtor.

Mr. Ward discloses that David Harvey, the Debtor's president, is
also the principal of a company known as Iron Horse Specialty
Supply.  Mr. Ward represented Iron Horse in defending an adversary
proceeding asserting avoidance of preferential transfers in the
bankruptcy case of Alamo Iron Works, et al., Case No. 10-51269.
Iron Horse does not have any interest in or claim against EHCC.

                        About Eastern Hills

Eastern Hills Country Club filed a bare-bones Chapter 11 petition
(Bankr. N.D. Tex. Case No. 13-33123) in Dallas on June 21, 2013.
The Debtor estimated at least $10 million in assets and less than
$1 million in liabilities.  The petition was signed by David
Harvey as president.  Judge Stacey G. Jernigan presides over the
case.  Richard W. Ward, Esq., serves as the Debtor's counsel.

According to Web site, http://www.easternhillscc.com,the Eastern
Hills Country Club in Garland Texas, was established in 1954 and
boasts a Ralph Plummer designed 18-hole golf course, 5,000 sq.
foot putting green, practice facility, and driving range.  The
golf course has been home of the Texas Womens Open since 2011.

The Department of the Treasury, Internal Revenue Service, the
State of Texas and VGM Financial Services, 1111 W. San Marnan,
Waterloo, IA 50701 assert interest on inventory, accounts
receivable and proceeds.


EASTMAN KODAK: S&P Assigns Prelim. 'B-' CCR; Outlook Stable
-----------------------------------------------------------
Standard & Poor's Ratings Services assigned Rochester, NY-based
Eastman Kodak Co. a 'B-' preliminary corporate credit rating.  The
outlook is stable.

At the same time, S&P assigned the proposed $420 million first-
lien term loan a 'B-' preliminary issue-level rating, with a
preliminary recovery rating of '3', indicating its expectation for
meaningful (50% to 70%) recovery of principal in the event of a
payment default.

In addition, S&P assigned the proposed $275 million second-lien
term loan a preliminary 'CCC' issue-level rating, with a
preliminary recovery rating of '6', indicating S&P's expectation
for negligible (0% to 10%) recovery of principal in the event of a
payment default.

S&P expects to assign the reorganized company its 'B-' corporate
credit rating with a stable outlook upon its emergence from
bankruptcy protection.  The company has indicated that it expects
to emerge from bankruptcy in early September 2013.

The preliminary issue-level ratings and expected 'B-' corporate
credit rating are subject to Kodak's timely emergence from
bankruptcy and consummation of its plan of reorganization in
keeping with S&P's expectations, including its proposed exit
financing.

The rating reflects the U.S. Bankruptcy Court for the Southern
District of New York's recent confirmation of the company's plan
of reorganization under Chapter 11 of the U.S. Bankruptcy Code.
Standard & Poor's ratings on Kodak reflect S&P's assessment of the
company's "vulnerable" business risk profile and "highly
leveraged" financial risk profile.

S&P's assessment of Kodak's vulnerable business risk profile
reflects its small share of a large, mature global market in
commercial printing, facing secular decline in demand and
significantly larger competitors with greater resources.  S&P's
base-case forecast assumptions include:

   -- Mid-single-digit revenue decreases, as declining end-of-life
      segments outweigh new product growth in the near term.

   -- Cost reductions and restructurings will enable Kodak to
      sustain pro forma post-emergence adjusted annual EBITDA of
      about $160 million in the near term.

   -- Preservation of adequate liquidity, including substantial
      offshore cash balances.

Kodak will be focused on commercial printing, packaging and
imaging solutions, and related enterprise services.  S&P expects
Kodak's improved business focus and a base of revenues that are
more recurring in nature will provide some revenue stability while
the company invests in its growth segments.  However, S&P believes
the company will be challenged over the next 12 to 24 months to
replace a material earnings stream from end-of-life commercial
film and consumer inkjet segments.  S&P has assessed Kodak's
management and governance as "fair," incorporating management's
ability to convert its strategic decisions into constructive
action following the company's January 2012 filing for Chapter 11
bankruptcy protection.


ECO BUILDING: Amended Q2 Form 10-Q Shows $2.2 Million Net Loss
--------------------------------------------------------------
Eco Building Products, Inc., has amended its quarterly report on
Form 10-Q for the period ended March 31, 2013.

The Company's restated statements of operations reflect a net loss
of $2.21 million on $1.71 million of total revenue for the three
months ended March 31, 2013, as compared with a net loss of $1.19
million on $1.71 million of total revenue as originally reported.

The Company's restated balance sheeet at March 31, 2013, showed
$3.19 million in total assets, $11.80 million in total liabilities
and a $8.61 million total stockholders' deficit.  The Company
previously reported $3.19 million in total assets, $11.85 million
in total liabilities and a $8.66 million total stockholders'
deficit.

A copy of the Amended Form 10-Q is available for free at:

                        http://is.gd/sbIA3z

                        About Eco Building

Vista, Calif.-based Eco Building Products is a manufacturer of
proprietary wood products treated with an eco-friendly proprietary
chemistry that protects against mold, rot, decay, termites and
fire.

Sam Kan & Company, in Alameda, Calif., expressed substantial doubt
about Eco's ability to continue as a going concern following the
fiscal 2012 financial results.  The independent auditors noted
that the Company has generated minimal operating revenues, losses
from operations, significant cash used in operating activities and
its viability is dependent upon its ability to obtain future
financing and successful operations.


EDENOR SA: Buenos Aires Stock Exchange Revokes Suspension
---------------------------------------------------------
Empresa Distribuidora y Comercializadora Norte S.A. ("EDENOR")
disclosed in a letter filed with the U.S. Securities and Exchange
Commission that on Aug. 12, 2013, that the Buenos Aires Stock
Exchange had resolved on Friday, Aug. 9, 2013, to temporarily
suspend the listing of the Company's securities.  Subsequently, on
that same date, the Buenos Aires Stock Exchange revoked thta
listing suspension of the Company's securities.

The Buenos Aires Stock Exchange decided to suspend and to revoke
the suspension of listing of the Company's securities in light of
the information submitted by EDENOR in accordance with Article 63
of the Buenos Aires Stock Exchange Trading Rules, which showed
that, as of June 30, 2013, the Company no longer had a negative
shareholders' equity, as was the case as of the end of the first
quarter of 2013.  The negative shareholders' equity that the
Company had as of March 31, 2013, was widely disclosed.

                           About Edenor SA

Headquartered in Buenos Aires, Argentina, Edenor S.A. (NYSE: EDN;
Buenos Aires Stock Exchange: EDN) is the largest electricity
distribution company in Argentina in terms of number of customers
and electricity sold (both in GWh and Pesos).  Through a
concession, Edenor distributes electricity exclusively to the
northwestern zone of the greater Buenos Aires metropolitan area
and the northern part of the city of Buenos Aires.

Edenor S.A. disclosed a loss of ARS1.01 billion on ARS3.72 billion
of revenue from sales for the year ended  Dec. 31, 2012, as
compared with a net loss of ARS291.38 million on ARS2.80 billion
of revenue from sales for the year ended Dec. 31, 2011.  The
Company's balance sheet at Dec. 31, 2012, showed ARS6.80 billion
in total assets, ARS6.31 billion in total liabilities and
ARS489.28 million in total equity.

"Given the fact that the realization of the projected measures to
revert the manifested negative trend depends, among other factors,
on the occurrence of certain events that are not under the
Company's control, such as the requested electricity rate
increases or their replacement by a new remuneration system, the
Board of Directors has raised substantial doubt about the ability
of the Company to continue as a going concern in the term of the
next fiscal year," according to the Company's annual report for
the year ended Dec. 31, 2012.


EMPIRE RESORTS: Option to Lease EPT Property Extended to Aug. 23
----------------------------------------------------------------
The option agreement by and between Monticello Raceway Management,
Inc., a wholly-owned subsidiary of Empire Resorts, Inc., and EPT
Concord II, LLC, originally entered into on Dec. 21, 2011, was
further amended by a letter agreement between the Parties, dated
Aug. 14, 2013.  Pursuant to the Option Agreement, EPT granted MRMI
a sole and exclusive option to lease certain EPT property located
in Sullivan County, New York, pursuant to the terms of a lease
negotiated between the parties.

Pursuant to the Letter Agreement, MRMI and EPT agreed to extend
the option exercise period and the final option exercise outside
date (as such terms are defined in the Option Agreement) from
Aug. 14, 2013 to Aug. 23, 2013.  Except for these amendments, the
Option Agreement remains unchanged and in full force and effect.

A copy of the Letter Agreement is available for free at:

                        http://is.gd/aeGfV4

                       About Empire Resorts

Based in Monticello, New York, Empire Resorts, Inc. (NASDAQ: NYNY)
-- http://www.empireresorts.com/-- owns and operates Monticello
Casino & Raceway, a video gaming machine and harness racing track
and casino located in Monticello, New York, 90 miles northwest of
New York City.

Empire Resorts reported a net loss applicable to common shares of
$2.26 million in 2012, as compared with a net loss applicable to
common shares of $1.57 million in 2011.  The Company's balance
sheet at March 31, 2013, showed $52.58 million in total assets,
$28.14 million in total liabilities and $24.44 million in total
stockholders' equity.


ENERGYSOLUTIONS INC: Incurs $57.2 Million Net Loss in 2nd Quarter
-----------------------------------------------------------------
EnergySolutions, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $57.23 million on $411.03 million of revenue for the three
months ended June 30, 2013, as compared with net income of $5.40
million on $392.62 million of revenue for the same period a year
ago.

For the six months ended June 30, 2013, the Company reported a net
loss of $65.43 million on $937.24 million of revenue, as compared
with net income of $4.74 million on $883.31 million of revenue for
the same period during the prior year.

The Company's balance sheet at June 30, 2013, showed $2.44 billion
in total assets, $2.21 billion in total liabilities and $233.08
million in total equity.

A copy of the Form 10-Q is available for free at:

                        http://is.gd/qFamlV

                       About EnergySolutions

Salt Lake City, Utah-based EnergySolutions offers customers a full
range of integrated services and solutions, including nuclear
operations, characterization, decommissioning, decontamination,
site closure, transportation, nuclear materials management, the
safe, secure disposition of nuclear waste, and research and
engineering services across the fuel cycle.

EnergySolutions reported net income of $3.92 million in 2012, as
compared with a net loss of $193.64 million in 2011.

                         Bankruptcy Warning

"Our senior secured credit facility contains financial covenants
requiring us to maintain specified maximum leverage and minimum
cash interest coverage ratios.  The results of our future
operations may not allow us to meet these covenants, or may
require that we take action to reduce our debt or to act in a
manner contrary to our business objectives.

"Our failure to comply with obligations under our senior secured
credit facility, including satisfaction of the financial ratios,
would result in an event of default under the facilities.  A
default, if not cured or waived, would prohibit us from obtaining
further loans under our senior secured credit facility and permit
the lenders thereunder to accelerate payment of their loans and
not renew the letters of credit which support our bonding
obligations.  If we are not current in our bonding obligations, we
may be in breach of our contracts with our customers, which
generally require bonding.  In addition, we would be unable to bid
or be awarded new contracts that required bonding.  If our debt is
accelerated, we currently would not have funds available to pay
the accelerated debt and may not have the ability to refinance the
accelerated debt on terms favorable to us or at all particularly
in light of the tightening of lending standards as a result of the
ongoing financial crisis.  If we could not repay or refinance the
accelerated debt, we would be insolvent and could seek to file for
bankruptcy protection.  Any such default, acceleration or
insolvency would likely have a material adverse effect on the
market value of our common stock," the Company said in its annual
report for the year ended Dec. 31, 2012.

                           *     *     *

As reported in the Jan. 9, 2013 edition of the TCR, Standard &
Poor's Ratings Services placed its ratings, including its 'B'
corporate credit rating, on EnergySolutions on CreditWatch with
developing implications.

"The CreditWatch placement follows EnergySolutions' announcement
that it has entered into a definitive agreement to be acquired by
a subsidiary of Energy Capital Partners II," said Standard &
Poor's credit analyst Jim Siahaan.

EnergySolutions is permitted to engage in discussions with other
suitors, which may include other financial sponsors or strategic
buyers.


ERF WIRELESS: Delays Form 10-Q for Second Quarter
-------------------------------------------------
ERF Wireless, Inc., was unable to file its quarterly report on
Form 10-Q for the period ended June 30, 2013, within the
prescribed time period because this filing requires additional
time to complete and incorporate in the Form 10-Q.  The Company
said the Form 10-Q will be filed within the permitted extension
time period.

                         About ERF Wireless

Based in League City, Texas, ERF Wireless, Inc., provides secure,
high-capacity wireless products and services to a broad spectrum
of customers in primarily underserved, rural and suburban parts of
the United States.

The Company incurred a consolidated net loss of $3.75 million for
the nine months ended Sept. 30, 2012, as compared with a
consolidated net loss of $2.32 million for the same period a year
ago.

The Company's balance sheet at March 31, 2013, showed $5.93
million in total assets, $8.61 million in total liabilities and a
$2.68 million total shareholders' deficit.


ESP RESOURCES: Delays Form 10-Q for Second Quarter
--------------------------------------------------
ESP Resources, Inc.'s quarterly report for the period ended
June 30, 2013, was not filed within the prescribed time period due
to unanticipated delays in the preparation of the Company's
financial reports, including the resignation of the Company's
Chief Financial Officer, Robert Geiges, on May 15, 2013.  The
delay could not have been avoided without undue hardship or
expense to the Company.

The Woodlands, Texas-based ESP Resources, Inc., through its
subsidiaries, manufactures, blends, distributes and markets
specialty chemicals and analytical services to the oil and gas
industry and also provides services for the upstream, midstream
and downstream sectors of the energy industry, including new
construction, major modifications to operational support for
onshore and offshore production, gathering, refining facilities
and pipelines designed to optimize performance and increase
operators' return on investment.

The Company reported a net loss of $5.08 million on $18.09 million
of sales in 2012, compared with a net loss of $4.33 million on
$11.13 million of sales in 2011.

The Company's balance sheet at March 31, 2013, showed $8.40
million in total assets, $9.56 million in total liabilities and a
$1.15 million total stockholders' deficit.


EPAZZ INC: Delays Form 10-Q for Second Quarter
----------------------------------------------
Epazz Inc. was unable to complete its quarterly report on Form 10-
Q for the quarter ended June 30, 2013, within the prescribed time
because of delays in completing the preparation of its financial
statements and its management discussion and analysis.  Therefore,
the Company requires additional time in order to prepare and file
its Form 10-Q.

                           About EPAZZ Inc.

Chicago, Ill.-based EPAZZ, Inc., was incorporated in the State of
Illinois on March 23, 2000, to create software to help college
students organize their college information and resources.  The
idea behind the Company was that if the information and resources
provided by colleges and universities was better organized and
targeted toward each individual, the students would encounter a
personal experience with the college or university that could lead
to a lifetime relationship with the institution.  This concept is
already used by business software designed to retain relationships
with clients, employees, vendors and partners.

Epazz incurred a net loss of $1.90 million on $1.19 million of
revenue for the year ended Dec. 31, 2012, as compared with a net
loss of $336,862 on $735,972 of revenue for the year ended
Dec. 31, 2011.

M&K CPAS, PLLC, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2012.  The independent auditors noted that
the Company has an accumulated deficit of $(4,114,756) and a
working capital deficit of $(681,561), which raises substantial
doubt about its ability to continue as a going concern.

                        Bankruptcy Warning

"We cannot be certain that any such financing will be available on
acceptable terms, or at all, and our failure to raise capital when
needed could limit our ability to continue and expand our
business.  We intend to overcome the circumstances that impact our
ability to remain a going concern through a combination of the
commencement of additional revenues, of which there can be no
assurance, with interim cash flow deficiencies being addressed
through additional equity and debt financing.  Our ability to
obtain additional funding for the remainder of the 2012 year and
thereafter will determine our ability to continue as a going
concern.  There can be no assurances that these plans for
additional financing will be successful.  Failure to secure
additional financing in a timely manner to repay our obligations
and supply us sufficient funds to continue our business operations
and on favorable terms if and when needed in the future could have
a material adverse effect on our financial performance, results of
operations and stock price and require us to implement cost
reduction initiatives and curtail operations.  Furthermore,
additional equity financing may be dilutive to the holders of our
common stock, and debt financing, if available, may involve
restrictive covenants, and strategic relationships, if necessary
to raise additional funds, and may require that we relinquish
valuable rights.  In the event that we are unable to repay our
current and long-term obligations as they come due, we could be
forced to curtail or abandon our business operations, and/or file
for bankruptcy protection; the result of which would likely be
that our securities would decline in value and/or become
worthless."


FIELD FAMILY: Wants Exclusivity Periods Extended Until February
---------------------------------------------------------------
Field Family Associates, LLC asks the U.S. Bankruptcy Court for
the Eastern District of Pennsylvania to extend its exclusive
periods to file a Chapter 11 Plan until Dec. 8, 2013, and solicit
acceptances for that Plan until Feb. 6.

The Debtor filed a Plan of Reorganization on June 27, 2013.  As
reported in the Troubled Company Reporter on July 10, the Plan
contemplates the reorganization of the Debtor and the satisfaction
of all outstanding Claims against the Debtor over time. The Plan
will be funded from cash on hand, cash from future operations, and
a loan in the approximate amount of $2 million from LaGuardia
Express LLC, an affiliate of the Debtor.  All Claims will be
satisfied by cash payments or the issuance of cash flow notes to
be issued by the Debtor.  Existing LLC interests in the Debtor
will be preserved in the Reorganized Debtor.

A copy of the disclosure statement is available at:

        http://bankrupt.com/misc/fieldfamily.doc229.pdf

The disclosure statement was submitted by Lawrence G. McMichael,
Esq., Peter C. Hughes, Esq., and Catherine Pappas, Esq., at
Dilworth Paxson LLP, counsel for the Debtor.

                        About Field Family

Five creditors filed an involuntary Chapter 11 bankruptcy petition
against King of Prussia, Pa.-based Field Family Associates, LLC
(Bankr. E.D. Pa. Case No. 12-16331) on July 2, 2012.  On Sept. 6,
2012, a sixth creditor filed a Joinder in the involuntary Chapter
11 Petition.  The Court entered an order for relief on Sept. 12,
2012.  The Debtor owns and operates a 216-room hotel located at
144-10 135th Steet, in Jamaica, New York.

Judge Stephen Raslavich presides over the case.  Catherine G.
Pappas, Esq., Lawrence G. McMichael, Esq., and Peter C. Hughes,
Esq., at Dilworth Paxson LLP, in Philadelphia, Pa., represent the
Alleged Debtor as counsel.  Ashely M. Chan, Esq., at Hangley
Aronchick Segal & Pudlin, in Philadelphia, Pa., represents the
petitioning creditors as counsel.

The U.S. Trustee appointed a three-member creditors committee.
Hangley Aronchick Segal Pudline & Schiller represents the
Committee.


FINJAN HOLDINGS: Incurs $1.2 Million Net Loss in 2nd Quarter
------------------------------------------------------------
Finjan Holdings, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q for the period ended
June 30, 2013, disclosing a net loss of $1.19 million on $1.19
million of revenues, as compared with net income of $142,000 on
$3.11 million of revenues for the same period during the prior
year.

For the six months ended June 30, 2013, the Company reported a net
loss of $1.95 million on $1.19 million of revenues, as compared
with net income of $33,000 on $3.11 million of revenues for the
same period a year ago.

The Company's balance sheet at June 30, 2013, showed $31.84
million in total assets, $1.16 million in total liabilities and
$30.67 million total stockholders' equity.

A copy of the Form 10-Q is available for free at:

                         http://is.gd/Brii1b

                             About Finjan

Finjan is a leading online security and technology company which
owns a portfolio of patents, related to software that proactively
detects malicious code and thereby protects end-users from
identity and data theft, spyware, malware, phishing, trojans and
other online threats.  Founded in 1997, Finjan is one of the first
companies to develop and patent technology and software that is
capable of detecting previously unknown and emerging threats on a
real-time, behavior-based basis, in contrast to signature-based
methods of intercepting only known threats to computers, which
were previously standard in the online security industry.

Converted Organics disclosed a net loss of $8.42 million in 2012,
as compared with a net loss of $17.98 million in 2011.

Moody, Famiglietti & Andronico, LLP, in Tewksbury, Massachusetts,
issued a "going concern" qualification on the consolidated
financial statements for the year ended Dec. 31, 2012, citing
recurring losses and negative cash flows from operations and an
accumulated deficit that raises substantial doubt about the
Company's ability to continue as a going concern.


FIRST SECURITY: Incurs $4 Million Net Loss in Second Quarter
------------------------------------------------------------
First Security Group, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
a net loss of $3.99 million on $7.78 million of total interest
income for the three months ended June 30, 2013, as compared with
a net loss of $7.27 million on $9.58 million of total interest
income for the same period during the prior year.

For the six months ended June 30, 2013, the Company reported a net
loss of $11.37 million on $15.59 million of total interest income,
as compared with a net loss of $13.10 million on $19.27 million of
total interest income for the same period a year ago.

The Company's balance sheet at June 30, 2013, showed $1.06 billion
in total assets, $979.99 million in total liabilities and $86.65
million in total shareholders' equity.

A copy of the Form 10-Q is available for free at:

                         http://is.gd/yvlOLi

                      About First Security Group

First Security Group, Inc., is a bank holding company
headquartered in Chattanooga, Tennessee, with $1.2 billion in
assets as of Sept. 30, 2010.  Founded in 1999, First
Security's community bank subsidiary, FSGBank, N.A., has 37 full-
service banking offices, including the headquarters, along the
interstate corridors of eastern and middle Tennessee and northern
Georgia and 325 full-time equivalent employees.  In Dalton,
Georgia, FSGBank operates under the name of Dalton Whitfield Bank;
along the Interstate 40 corridor in Tennessee, FSGBank operates
under the name of Jackson Bank & Trust.

In the auditors' report accompanying the financial statements for
year ended Dec. 31, 2011, Joseph Decosimo and Company, PLLC, in
Chattanooga, Tennessee, expressed substantial doubt about the
Company's ability to continue as a going concern.  The independent
auditors noted that the Company has recently incurred substantial
losses.  The Company is also operating under formal supervisory
agreements with the Federal Reserve Bank of Atlanta and the Office
of the Comptroller of the Currency and is not in compliance with
all provisions of the Agreements.  Failure to achieve all of the
Agreements' requirements may lead to additional regulatory
actions.

The Company reported a net loss of $23.06 million in 2011, a net
loss of $44.34 million in 2010, and a net loss of $33.45 million
in 2009.


FLORIDA GAMING: Section 341(a) Meeting Set on October 4
---------------------------------------------------------
A meeting of creditors in the bankruptcy case of Florida Gaming
Centers, Inc., will be held on Oct. 4, 2013, at 2:00 p.m. at 51 SW
First Ave Room 1021, Miami.  Creditors have until Jan. 2, 2014, to
submit their proofs of claim.

This is the first meeting of creditors required under Section
341(a) of the Bankruptcy Code in all bankruptcy cases.

All creditors are invited, but not required, to attend.  This
meeting of creditors offers the one opportunity in a bankruptcy
proceeding for creditors to question a responsible office of the
Debtor under oath about the company's financial affairs and
operations that would be of interest to the general body of
creditors.

                       About Florida Gaming

Florida Gaming Centers Inc. filed for Chapter 11 bankruptcy
(Bankr. S.D. Fla. Case No. 13-29597) in Miami on Aug. 19, 2013.
Florida Gaming Centers operates a casino and jai-alai frontons in
Miami.  The Company listed debt of $138.3 million and assets of
$180 million in its petition.  Bennett Collett, Jr., signed the
petition as president and CEO.  Judge Robert A. Mark presides over
the case.  Luis Salazar, Esq., -- salazar@salazarjackson.com --
at SALAZAR JACKSON, LLP, in Miami, FL, serves as the Debtors'
counsel.

Its parent, Florida Gaming Corp. (FGMG:US), and two other
affiliates also sought court protection.


FOURTH QUARTER PROPERTIES: Case Dismissal Hearing Continued
-----------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Georgia
granted the motion of Fourth Quarter Properties XXXVIII, LLC,
Cornerstone Commercial Mortgages, LLC, and Charter Bank continuing
the hearing on the motion to dismiss case, or in the alternative
for relief from the automatic stay.

As reported in the Troubled Company Reporter on Aug. 14, 2013,
according to papers filed with the Court August 5, through
negotiations, the parties have reached an agreement regarding
their claims, subject to the Court's approval, and the Debtor has
contemporaneously filed a motion seeking approval of their
agreement.

The parties have agreed, subject to the Court's approval, to the
continuance of the hearing on Cornerstone and Charter's Motion
to Dismiss, until the Court has had an opportunity to hear the
settlement motion.

According to the parties, the Office of the United States Trustee
has advised counsel for the Debtor that it does not oppose the
requested relief.  In the event the Court denies the Settlement
Motion, the Parties said, any Party may request that the hearing
on the Motion to Dismiss be heard on not less than 10 days advance
notice.

                 About Fourth Quarter Properties

Fourth Quarter Properties XXXVIII, LLC, filed a Chapter 11
petition (Bankr. N.D. Ga. Case No. 13-10585) in Newnan, Georgia,
on March 5, 2013.  The Debtor is a single asset real estate debtor
as defined in 11 U.S.C. Sec. 101(51B) and has property in 45, 47
& 59 Ansley Drive, in Newnan.  The Debtor estimated at least
$10 million in assets and at least $1 million in liabilities as of
the Chapter 11 filing.

Austin E. Carter, Esq., and Matthew Stewart Cathey, Esq., at Stone
& Baxter, LLP, in Macon, Georgia, serves as the Debtor's counsel.

Ryan R. Hendley, Esq. -- rhendley@rrllaw.com -- at Reynolds,
Reynolds & Little, LLC represents creditor Cornerstone Commercial
Mortgages, LLC, and Lynn Carroll, Esq. -- lcarroll@sglegal.com --
at Siegel & Golder, P.C., represents creditor Charter Bank.


FRIENDFINDER NETWORKS: Incurs $10.3 Million Net Los in Q2
---------------------------------------------------------
FriendFinder Networks Inc. reported a net loss of $10.32 million
on $68.96 million of total revenue for the three months ended
June 30, 2013, as compared with a net loss of $10.53 million on
$81.08 million of total revenue for the same period during the
prior year.

For the six months ended June 30, 2013, the Company reported a net
loss of $20.71 million on $141.36 million of total revenue, as
compared with a net loss of $32.05 million on $162.08 million of
total revenue for the same period a year ago.

The Company's balance sheet at June 30, 2013, showed $465.30
million in total assets, $661.96 million in total liabilities and
a $196.66 million total stockholders' deficiency.

"We continued to execute on our strategic plan to support our
flagship brands and improve marketing efficiencies during the
second quarter.  By focusing on our top brands and reducing
investments in lower margin affiliate and advertising activity, we
have been able to improve our bottom line and reach higher quality
users.  These efforts, in part, helped increase EBITDA to $18.4
million during the quarter and attract a more valuable, long-term
user that will allow us to build a strong core of recurring
revenues going forward," said Anthony Previte, chief executive
officer of FriendFinder Networks.  "Additionally, our Live
Interactive business continues its impressive streak and achieved
its 14th consecutive quarter of year-over-year revenue growth with
an increase of 4.0% to $24.1 million."

Mr. Previte continued, "In parallel to our efforts to improve
operational efficiency, we continue to work with our advisors and
lenders to refinance our long-term debt.  We remain confident in
our ability to achieve a successful resolution in this matter."

A copy of the press release is available for free at:

                        http://is.gd/TvX8YQ

                     About FriendFinder Networks

FriendFinder Networks (formerly Penthouse Media Group) owns and
operates a variety of social networking Web sites, including
FriendFinder.com, AdultFriendFinder.com, Amigos.com, and
AsiaFriendFinder.com.  All total, its Web sites are offered in 12
languages to users in some 170 countries.  The company also
publishes the venerable adult magazine PENTHOUSE, and produces
adult video content and related images.  The Company is based in
Boca Raton, Florida.

FriendFinder Networks reported a net loss of $49.44 million
in 2012, a net loss of $31.14 million in 2011, and a net loss of
$43.15 million in 2010.

EisnerAmper LLP, issued a "going concern" qualification on the
consolidated financial statements for the year ended Dec. 31,
2012.  The independent auditors noted that the Company's New First
Lien Notes and Cash Pay Second Lien Notes, absent a restructuring
or refinancing, mature on Sept. 30, 2013, and further are subject
to maturity date acceleration by the lenders as a result of events
of default upon the expiration or termination of forbearance
agreements currently in place.  In addition, the Company has
failed to comply with certain covenants related to its Non-Cash
Pay Second Lien Notes which mature on April 30, 2014.
Accordingly, all such debt has been classified as current
liabilities as of Dec. 31, 2012, and cannot be satisfied with
available funds which raises substantial doubt about the Company's
ability to continue as a going concern.

                           *     *     *

In the Nov. 14, 2012, edition of the TCR, Standard & Poor's
Ratings Services lowered its rating on FriendFinder Networks Inc.
to 'CC' from 'CCC'.

"The downgrade follows FriendFinder's announcement that it had
reached a forbearance agreement with 85% of the lenders in its
senior secured notes and 100% of the lenders in its second lien
cash pay notes that defers the excess cash flow payments through
Feb. 4, 2013," said Standard & Poor's credit analyst Daniel
Haines.  "The company has decided to preserve liquidity as it
attempts to refinance its debt.  We are withdrawing our ratings at
the company's request."


GENERAL STEEL: Delays Form 10-Q for Second Quarter
--------------------------------------------------
General Steel Holdings, Inc., was unable to file its quarterly
report on Form 10-Q for the quarter ended June 30, 2013, within
the prescribed time period without unreasonable effort or expense
because additional time is required to complete the preparation of
the Company's financial statements in time for filing.  The
Company has been in the process of compiling and reviewing its
prior outstanding reports.  The Company said the quarterly report
will be filed as soon as practicable.

                   About General Steel Holdings

General Steel Holdings, Inc., headquartered in Beijing, China,
produces a variety of steel products including rebar, high-speed
wire and spiral-weld pipe.  The Company has operations in China's
Shaanxi and Guangdong provinces, Inner Mongolia Autonomous Region
and Tianjin municipality with seven million metric tons of crude
steel production capacity under management.  For more information,
please visit www.gshi-steel.com.

General Steel incurred a net loss of $231.93 million on
$1.96 billion of sales for the year ended Dec. 31, 2012, as
compared with a net loss of $283.29 million on $2.45 billion of
sales for the year ended Dec. 31, 2011.

As of March 31, 2013, the Company had $2.44 billion in total
assets, $2.86 billion in total liabilities and a $427.72 million
total deficiency.


GEOMET INC: Posts $42.4 Million Net Income in Second Quarter
------------------------------------------------------------
GeoMet, Inc., reported net income of $42.37 million on $12.09
million of total revenues for the three months ended June 30,
2013, as compared with a net loss of $53.90 million on $7.77
million of total revenues for the same period during the prior
year.

For the six months ended June 30, 2013, the Company reported net
income of $36.61 million on $23.01 million of total revenues, as
compared with a net loss of $106.85 million on $17.99 million of
total revenues for the same period a year ago.

The Company's balance sheet at June 30, 2013, showed $63.13
million in total assets, $99.28 million in total liabilities,
$37.95 million in series A convertible redeemable preferred stock,
and a $74.10 million total stockholders' deficit.

William C. Rankin, GeoMet's president and chief executive officer,
commented, "On June 14, the Company closed the sale of all of its
coalbed methane assets in the state of Alabama resulting in
proceeds of approximately $62 million.  The proceeds were used to
reduce bank indebtedness by $57 million and $5 million was
earmarked for transaction related costs.  As a result, the
deficiency under the Company's credit agreement was eliminated;
however, the maturity date of April 1, 2014 is unchanged.  In
connection with the sale, the Company recorded a gain of $37.1
million during the quarter."  Mr. Rankin further stated, "Natural
gas prices have continued to recover over the last year and
therefore the company was not required to further impair its gas
properties during the current quarter."  Lastly, Mr. Rankin
stated, "The combination of the sale, the elimination of the
borrowing deficiency and the recovery of natural gas prices allows
the Company, with the assistance and advice of FBR Capital
Markets, to continue to evaluate its strategic alternatives."

A copy of the press release is available for free at:

                         http://is.gd/5PfJOg

                           About Geomet Inc.

Houston, Texas-based GeoMet, Inc., is an independent energy
company primarily engaged in the exploration for and development
and production of natural gas from coal seams (coalbed methane)
and non-conventional shallow gas.  Its principal operations and
producing properties are located in the Cahaba and Black Warrior
Basins in Alabama and the central Appalachian Basin in Virginia
and West Virginia.  It also owns additional coalbed methane and
oil and gas development rights, principally in Alabama, Virginia,
West Virginia, and British Columbia.  As of March 31, 2012, it
owns a total of 192,000 net acres of coalbed methane and oil and
gas development rights.

For the year ended Dec. 31, 2012, the Company incurred a net loss
of $149.95 million on $39.38 million of total revenues, as
compared with net income of $2.81 million on $35.61 million of
total revenues in 2011.

                           Going Concern

"Our audited financial statements for the fiscal year ended
December 31, 2012 were prepared on a going concern basis in
accordance with United States generally accepted accounting
principles.  The going concern basis of presentation assumes that
we will continue in operation for the next twelve months and will
be able to realize our assets and discharge our liabilities and
commitments in the normal course of business and do not include
any adjustments to reflect the possible future effects on the
recoverability and classification of assets or the amounts and
classification of liabilities that may result from our inability
to continue as a going concern.  Our credit facility matures on
April 1, 2014.  As a result, all borrowings under our credit
facility will be classified as current on April 2, 2013.  Our
operating and capital plans for the next twelve months call for
dedication of substantially all of our excess cash flow to the
repayment of indebtedness and the possible sale of assets to
reduce indebtedness, with the goal of eliminating our borrowing
base deficiency, and refinancing our credit facility.  Therefore,
we concluded that due to the uncertainties surrounding our ability
to sell assets at acceptable prices, to reduce our indebtedness to
an amount less than the borrowing base and to refinance our credit
facility before its maturity date, substantial doubt exists as to
our ability to continue as a going concern.  If we were unable to
continue as a going concern, the values we receive for our assets
on liquidation or dissolution could be significantly lower than
the values reflected in our financial statements."


GLOBALSTAR INC: Incurs $126.3 Million Net Loss in 2nd Quarter
-------------------------------------------------------------
Globalstar, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q for the period ended
June 30, 2013, disclosing a net loss of $126.27 million on $19.83
million of total revenue, as compared with a net loss of $27.53
million on $19.98 million of total revenue for the same period
last year.

For the six months ended June 30, 2013, the Company reported a net
loss of $151.35 million on $39.16 million of total revenue, as
compared with a net loss of $52.05 million on $36.71 million of
total revenue for the same period during the prior year.

The Company's balance sheet at June 30, 2013, showed $1.37 billion
in total assets, $953.44 million in total liabilities and $421.25
million in total stockholders' equity.

A copy of the Form 10-Q is available for free at:

                        http://is.gd/RSwAuj

                         About Globalstar

Covington, Louisiana-based Globalstar Inc. provides mobile
satellite voice and data services.  Globalstar offers these
services to commercial and recreational users in more than 120
countries around the world.  The Company's products include mobile
and fixed satellite telephones, simplex and duplex satellite data
modems and flexible service packages.

Globalstar reported a net loss of $25.1 million on $19.3 million
of revenue for the three months ended March 31, 2013, compared
with a net loss of $24.5 million on $16.7 million of revenue for
the same period last year.

The Company said in its Form 10-Q for the quarter ended March 31,
2013, "We currently lack sufficient resources to meet our existing
contractual obligations over the next 12 months.  As a result,
there is substantial doubt that we can continue as a going
concern.  In order to continue as a going concern, we must obtain
additional external financing; amend the Facility Agreement and
certain other contractual obligations; and restructure the 5.75%
Notes.


GORDIAN MEDICAL: Has Final OK to Incur DIP Financing of $4-Mil.
---------------------------------------------------------------
On Aug. 23, 2013, the U.S. Bankruptcy Court for the Central
District of California entered a final order authorizing Gordian
Medical, Inc., to obtain secured postpetition indebtedness from
its President, Gerald Del Signore, in the amount of up to
$4,000,000, to allow the Debtor to maintain a cash on hand balance
in its Debtor in Possession accounts of no less than $3.5 million
on a weekly basis.

The DIP Note will bear interest at the rate of 5% per annum, with
a default rate of 7%.  The interest will accrue and be payable
with the principal of the Promissory Note.

The maturity date of the loan will be on Feb. 1, 2014.

To the extent that the cash balance in the Debtor's Debtor in
Possession account exceeds $4 million on any particular week, the
Debtor can repay the DIP Lender amounts previously loaned provided
that the repayment does not reduce the cash balance below $4
million.

Counsel for the Debtor can be reached at:

         Samuel R. Maizel, Esq.
         Scotta E. McFarland, Esq.
         PACHULSKI STANG ZIEHL & JONES LLP
         10100 Santa Monica Blvd., 13th Floor
         Los Angeles, CA 90067
         Tel: (310) 277-6910
         Fax: (310) 201-0760
         E-mail: smaizel@pszjlaw.com
                 smcfarland@pszjlaw.com

                       About Gordian Medical

Gordian Medical, Inc., dba American Medical Technologies, filed a
Chapter 11 petition (Bankr. C.D. Cal. Case No. 12-12339) in
Santa Ana, California, on Feb. 24, 2012, after Medicare refunds
were halted.  Irvine, California-based Gordian Medical provides
supplies and services to treat serious wounds.  The Debtor has
active relationships with and serves patients in more than 4,000
nursing facilities in 49 states with the heaviest concentration of
the nursing homes being in the south and southeast sections of the
United States.

In its schedules, the Debtor disclosed $37,877,279 in assets and
$7,585,271 in liabilities as of the Petition Date.

Judge Mark S. Wallace oversees the case.  Pachulski Stang Ziehl &
Jones LLP serves as the Debtor's counsel.  Fulbright &
Jaworski LLP serves as the Debtor's special regulatory counsel.
Loeb & Loeb LLP serves as the Debtor's special tax counsel.

GlassRatner Advisory & Capital Group LLC serves as the Debtor's
financial advisor.

The U.S. Trustee appointed five members to the Official Committee
of Unsecured Creditors.  The Committee is represented by Landau
Gottfried & Berger LLP.


GORDIAN MEDICAL: Chapter 11 Plan Says All Claims Unimpaired
-----------------------------------------------------------
Gordian Medical, Inc., filed with U.S. Bankruptcy Court for the
Central District of California on Aug. 23, 2013, a Plan of
Reorganization that provides for the payment of all Allowed Claims
in full on the later of the Effective Date and the date upon which
a Claim becomes an Allowed Claim and the continued operation of
the Debtor's business.

The source of funds for the payments that the Reorganized Debtor
will be required to make (or reserve for) on the Effective Date is
the Debtor's Cash on hand and the contribution to be made by
Gerald Del Signore in an amount not to exceed $7.5 million.

Because all Claims against, and Interests, in the Debtor are
Unimpaired under the Plan, the Debtor is not soliciting
acceptances or rejections of the Plan from these Claims and or
Interests.  Hence, the Debtor will not distribute a disclosure
statement with its Plan.  The Debtor will, however, file a motion
for confirmation of the Plan with the Court.

The Allowed CMS Secured Claim (Class 2), if any, will be satisfied
by CMS offsetting the amount of its Allowed Secured Claim against
any amount that CMS owes the Debtor, up to the amount of any
Allowed Secured Claim.  Such offset will take place on the later
of (a) the Effective Date and (b) (i) the date when any CMS
Secured Claim is Allowed and (ii) the amount CMS owes the Debtor
is determined.  Interest will accrue on the amount of any CMS
Allowed Secured Claim at the Judgment Rate from the Petition Date
until the date of payment and will be included in the amount
of any CMS Allowed Secured Claim; provided, however, the amount of
any Allowed CMS Secured Claim will not exceed the amount that it
is determined CMS owes the Debtor.  The Allowed CMS Secured Claim,
to the extent one exists, is unimpaired by the Plan.

General Unsecured Claims (Class 5) will be paid in Cash in full,
plus interest, on the later of (a) the Effective Date and (b) the
date upon which General Unsecured Claim becomes an Allowed General
Unsecured Claim, or, in either event, as soon thereafter as is
practicable.  Each Allowed General Unsecured Claim will accrue
interest at the Judgment Rate from the Petition Date until it is
paid.

The Claims filed by CMS and the IRS are each filed, at least
partially, as General Unsecured Claims.  The Debtor disputes the
IRS Claim and the CMS Claim.  The Debtor has previously filed
an objection to the IRS Claim on the basis that it was filed after
the Governmental Unit Bar Date and the Debtor intends to file an
objection to the Claim of CMS.  The Debtor expects the objections
to both of these Claims will be resolved prior to the Confirmation
Hearing and that both Claims will be disallowed in full.

The Class 5 Claims are unimpaired by the Plan.

On the Effective Date, all Holders of Class 6 Interests will
retain his or her Interest in the Reorganized Debtor in the same
percentage as he or she held in the Debtor and such interest will
be unaffected by the Plan.  Class 6 Interests are unimpaired by
the Plan.

A copy of the Debtor's Plan of Reorganization, dated Aug. 23,
2013, is available at:

        http://bankrupt.com/misc/gordianmedical.doc685.pdf

Counsel for the Debtor can be reached at:

     Samuel R. Maizel, Esq.
     Scotta E. McFarland, Esq.
     PACHULSKI STANG ZIEHL & JONES LLP
     10100 Santa Monica Blvd., 13th Floor
     Los Angeles, CA 90067
     Tel: (310) 277-6910
     Fax: (310) 201-0760
     E-mail: smaizel@pszjlaw.com
             smcfarland@pszjlaw.com

                       About Gordian Medical

Gordian Medical, Inc., dba American Medical Technologies, filed a
Chapter 11 petition (Bankr. C.D. Cal. Case No. 12-12339) in
Santa Ana, California, on Feb. 24, 2012, after Medicare refunds
were halted.  Irvine, California-based Gordian Medical provides
supplies and services to treat serious wounds.  The Debtor has
active relationships with and serves patients in more than 4,000
nursing facilities in 49 states with the heaviest concentration of
the nursing homes being in the south and southeast sections of the
United States.

In its schedules, the Debtor disclosed $37,877,279 in assets and
$7,585,271 in liabilities as of the Petition Date.

Judge Mark S. Wallace oversees the case.  Pachulski Stang Ziehl &
Jones LLP serves as the Debtor's counsel.  Fulbright &
Jaworski LLP serves as the Debtor's special regulatory counsel.
Loeb & Loeb LLP serves as the Debtor's special tax counsel.

GlassRatner Advisory & Capital Group LLC serves as the Debtor's
financial advisor.

The U.S. Trustee appointed five members to the Official Committee
of Unsecured Creditors.  The Committee is represented by Landau
Gottfried & Berger LLP.


GRAYMARK HEALTHCARE: Conference Call Held to Discuss Q2 Results
---------------------------------------------------------------
Graymark Healthcare, Inc., announced its financial results for the
quarter ended June 30, 2013.

Loss from continuing operations -? the net of taxes in the second
quarter of 2013 was $1.8 million, compared to a loss of $5.3
million in the year ago quarter.  That loss attributable to
Graymark was $1.6 million or nine cents per share in the second
quarter of 2013, compared to a net loss of $5.3 million or 34
cents per share in the year ago quarter.
On June 30, 2013, cash and cash equivalents totaled $.1 million
compared to $.3 million on Dec. 31, 2012.  The primary uses of
cash flow during the quarter included cash required to fund losses
from continuing operations and repayment of debt.
As of June 30, 2013, the Company's total debt was $18.7 million,
compared to $18.6 million at Dec. 31, 2012.  The increase on
outstanding debt was primarily related to proceeds from notes
issued to Mr. Oliver, which were offset by principal payments made
on our credit facility with Arvest Bank.

Graymark Healthcare reported a net loss of $1.63 million on $2.44
million of net revenues for the three months ended June 30, 2013,
as compared with a net loss of $5.31 million on $4.31 million of
net revenues for the same period during the prior year.

For the six months ended June 30, 2013, the Company reported a net
loss of $4.34 million on $5.34 million of net revenues, as
compared with a net loss of $7.28 million on $8.67 million of net
revenues for the same period a year ago.

The Company's balance sheet at June 30, 2013, showed $4.78 million
in total assets, $26.20 million in total liabilities and a $21.41
million total deficit.

A transcript of the earnings conference call is available for free
at http://is.gd/WVeFmz

                     About Graymark Healthcare

Graymark Healthcare, Inc., headquartered in Oklahoma City, Okla.,
provides care management solutions to the sleep disorder market.
As of June 30, 2012, the Company operated 107 sleep diagnostic and
therapy centers in 10 states.

The Company's balance sheet at March 31, 2013, showed
$5.70 million in total assets, $25.51 million in total liabilities
and a $19.81 million total deficit.

                           Going Concern

As of March 31, 2013, the Company had an accumulated deficit of
$60.2 million and reported a net loss of $2.7 million for the
first quarter of 2013.  In addition, the Company used $0.3 million
in cash from operating activities from continuing operations
during the quarter.  On March 29, 2013, the Company signed a
definitive purchase agreement with Foundation Healthcare
Affiliates, LLC to purchase 100 percent of the interests in
Foundation Surgery Affiliates, LLC and Foundation Surgical
Hospital Affiliates, LLC, in exchange for 98.5 million shares of
the Company's common stock.  Management expects the transaction to
close in the second quarter of 2013; however, there is no
assurance the acquisition will close at that time or at all.

"If the Company is unable to close the Foundation transaction or
raise additional funds, the Company may be forced to substantially
scale back operations or entirely cease its operations and
discontinue its business.  These uncertainties raise substantial
doubt regarding the Company's ability to continue as a going
concern," according to the Company's quarterly report for the
period ended March 31, 2013.


GSW HOLDINGS: Plan Effective Date Occurred on July 23
-----------------------------------------------------
The Effective Date of the Chapter 11 Amended Plan of
Reorganization for GSW Holdings, LLC, dated as of June 21, 2013,
filed by GSW Holdings, LLC, occurred on July 23, 2013.

The Notice of Occurrence of the Effective Date of the Chapter 11
Amended Plan of Reorganization was filed by:

     David A. Wheeler, Esq.
     WHEELER & WHEELER, PLLC
     185 Main Street
     Biloxi, MS 39530
     Tel: (228) 374-6720
     Fax: (228) 374-6721
     Local Counsel for Reorganized Debtor

          - and -

     Douglas S. Draper, Esq.
     Leslie A. Collins, Esq.
     Greta M. Brouphy, Esq.
     HELLER, DRAPER, PATRICK&HORN, L.L.C.
     650 Poydras Street, Suite 2500
     New Orleans, LA 70130
     Tel: (504) 299-3300
     Fax: (504) 299-3399
     E-mail: ddraper@hellerdraper.com
             lcollins@hellerdraper.com
             gbrouphy@hellerdraper.com
     Counsel to the Reorganized Debtor

On July 8, 2013, the U.S. Bankruptcy Court for the Southern
District of Mississippi confirmed the Chapter 11 Amended Plan of
GSW Holdings, LLC, dated as of June 21, 2013.

A copy of the Order Confirming the Chapter 11 Amended Plan is
available at http://bankrupt.com/misc/gswholdings.doc221.pdf

                      About GSW Holdings LLC

Gulfport, Mississippi-based GSW Holdings, LLC, filed for Chapter
11
bankruptcy (Bankr. S.D. Miss. Case No. 11-52338) on Oct. 11, 2011.
Judge Katharine M. Samson presides over the case.  David A.
Wheeler, Esq., at Wheeler & Wheeler, PLLC, in Biloxi, Miss., serve
as local bankruptcy counsel.  The Debtor disclosed $22,225,500 in
assets and $8,851,228 in liabilities.

Douglas S. Draper, Esq., Leslie A. Collins, Esq., and Greta M.
Brouphy, Esq., at Heller, Draper, Patrick & Horn, L.L.C., in New
Orleans, La., represent the Debtor as counsel.


HAAS ENVIRONMENTAL: U.S. Trustee Names Members to Creditors' Panel
------------------------------------------------------------------
Roberta A. DeAngelis, the U.S. Trustee for Region 3, appoints
three creditors to the committee of unsecured creditors in the
Chapter 11 case of Haas Environmental, Inc.

The Committee members are:

   1. Bernard Reiley, chairperson
      Revoil, Inc.
      280 N. East Street
      York, PA 17403
      Tel No: 717-846-9551
      Fax No: 717-846-8654

   2. Dan Simpson
      Wex Bank
      7090 Union Park Center,
      Suite 350
      Midvale, UT 84047
      Tel No: 801-568-4365
      Fax No: 207-253-1307

   3. Quint Barefoot
      Zappa-Tec, LLC
      828 Knox Road
      McLeansville, NC 27301
      Tel No: 336-378-6004
      Fax No: 336-346-1038

Haas Environmental, Inc., filed a Chapter 11 petition (Bankr.
D.N.J. Case No. 13-27297) in Trenton, New Jersey on Aug. 6, 2013.
Jerrold N. Poslusny, Jr., Esq., at Cozen O'Connor, serves as
counsel.  The Debtor estimated assets and debt of $10 million to
$50 million.


HAAS ENVIRONMENTAL: Schedules Filing Deadline Extended to Sept. 3
-----------------------------------------------------------------
At the behest of Haas Environmental, Inc., the U.S. Bankruptcy
Court extended the Debtor's time to file its missing schedules
until Sept. 3, 2013.

Haas Environmental, Inc., filed a Chapter 11 petition (Bankr.
D.N.J. Case No. 13-27297) on Aug. 6, 2013.  Eugene Haas signed the
petition as president.  Judge Kathryn C. Ferguson presides over
the case.  The Debtor estimated assets and debts of at least $10
million.  Jerrold N. Poslusny, Jr., Esq., at Cozen O'Connor, in
Cherry Hill, New Jersey, serves as the Debtor's counsel.


HAAS ENVIRONMENTAL: PUEFC Balks at Bid to Use Cash Collateral
-------------------------------------------------------------
People's United Equipment Finance Corp. ("PUEFC") filed an
objection to Haas Environmental, Inc.'s motion to use cash
collateral.  PUEFC cited these reasons:

   1. The Court should consider converting the Chapter 11 case
      sua sponte to a Chapter 7 Liquidation

   2. The Debtor has failed to satisfy the strict standard for the
      use of cash collateral and as such the Court should prohibit
      the Debtor from the continued use of cash collateral.

PUEFC is a secured creditor of the Debtor with a first perfected
security interest in certain specific property as well as a
perfected security interest in virtually all other assets of the
Debtor, including, but not limited to, accounts, accounts
receivable, inventory and other collateral which is or may result
in cash collateral.

Commercial Credit Group holds a second position in cash collateral
and Sovereign Bank holds a third position in accounts receivables.
According to the Debtor's application, PUEFC, Commercial and
Sovereign have outstanding balances of approximately $3,214,000,
$2,480,000 and $784,000, respectively, for a total of almost $6.5
million.

PUEFC and Commercial had consented to the Court's entry of an
Interim Order authorizing the Use of Cash collateral through
August 20, 2013.

PUEFC said the Court should enter an order that:

   (1) the Debtor should cease using cash collateral;

   (2) the Debtor provide PUEFC with a complete accounting of cash
       collateral used since the Petition Date; and

   (3) the Debtor turn over to PUEFC a sum sufficient to cover the
       proceeds of collateral that it has disposed of.

Co-Counsel for Secured Creditor People's United Equipment Finance
Corp. can be reached at:

         Frank Peretore, Esq.
         Robert T. Bonsignore, Esq.
         PERETORE & PERETORE, P.C.
         191 Woodport Road
         Sparta, NJ 07871
         Tel: (973) 729-8991

Haas Environmental, Inc., filed a Chapter 11 petition (Bankr.
D.N.J. Case No. 13-27297) on Aug. 6, 2013.  Eugene Haas signed the
petition as president.  Judge Kathryn C. Ferguson presides over
the case.  The Debtor estimated assets and debts of at least $10
million.  Jerrold N. Poslusny, Jr., Esq., at Cozen O'Connor, in
Cherry Hill, New Jersey, serves as the Debtor's counsel.


HALLWOOD GROUP: Incurs $357,000 Net Loss in Second Quarter
----------------------------------------------------------
The Hallwood Group Incorporated reported a net loss of $357,000
on $32.48 million of revenue for the three months ended June 30,
2013, as compared with a net loss of $1.22 million on $37.18
million of revenue for the same period during the prior year.

For the six months ended June 30, 2013, the Company reported a net
loss of $1.70 million on $63.76 million of revenue, as compared
with a net loss of $10.77 million on $73.06 million of revenue for
the same period a year ago.

A copy of the press release is available for free at:

                        http://is.gd/gOjUGs

                        About Hallwood Group

Dallas, Texas-based The Hallwood Group Incorporated (NYSE MKT:
HWG) operates as a holding company.  The Company operates its
principal business in the textile products industry through its
wholly owned subsidiary, Brookwood Companies Incorporated.

Brookwood is an integrated textile firm that develops and produces
innovative fabrics and related products through specialized
finishing, treating and coating processes.

Prior to October 2009, The Hallwood Group Incorporated held an
investment in Hallwood Energy, L.P. ("Hallwood Energy").  Hallwood
Energy was a privately held independent oil and gas limited
partnership and operated as an upstream energy company engaged in
the acquisition, development, exploration, production, and sale of
hydrocarbons, with a primary focus on natural gas assets.  The
Company accounted for the investment in Hallwood Energy using the
equity method of accounting.  Hallwood Energy filed for bankruptcy
in March 2009.  In connection with the confirmation of Hallwood
Energy's bankruptcy in October 2009, the Company's ownership
interest in Hallwood Energy was extinguished and the Company no
longer accounts for the investment in Hallwood Energy using the
equity method of accounting.

Hallwood Group incurred a net loss of $17.94 million in 2012, as
compared with a net loss of $6.33 million in 2011.  The Company's
balance sheet at March 31, 2013, showed $70.82 million in total
assets, $30.97 million in total liabilities and $39.85 million in
total stockholders' equity.

Deloitte & Touche LLP, in Dallas, Texas, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2012.  The independent auditors noted that
the Company is dependent on its subsidiary to receive the cash
necessary to fund its ongoing operations and obligations.  It is
uncertain whether the subsidiary will be able to make payment of
dividends to its fund ongoing operations.  These conditions raise
substantial doubt about its ability to continue as a going
concern.


HARRISBURG, PA: Receiver Files Plan to Address $360MM Debt
----------------------------------------------------------
Kris Maher, writing for The Wall Street Journal, reports that
William B. Lynch, the state-appointed receiver for the city of
Harrisburg, Pennsylvania, on Monday filed with the Commonwealth
Court in Harrisburg a proposal to rid Pennsylvania's financially
troubled capital of $360 million in debt.  According to the
report, under the plan:

     -- Harrisburg would sell its debt ridden incinerator for
        between $126 million and $132 million to Lancaster
        County Solid Waste Management Authority;

     -- a state financing agency would issue bonds for between
        $258 million and $263 million; and

     -- its parking facilities would be leased for 40 years and
        run by a public-private partnership.

According to the report, in addition to erasing its debt,
Harrisburg would get a payment of $13.2 million from the parking
transaction to balance its 2013 budget.  It will get a one-time
payment of around $12 million to be used for economic development
and infrastructure repairs. On an ongoing basis, it would get $3.3
million a year in parking revenue.

According to WSJ, a spokesman for Mr. Lynch said a decision could
be made within three weeks.  The report notes the receiver has
negotiated with the city's creditors, who have agreed to take
about $100 million less than they are owed, although they could
recoup more money after 25 years from parking revenues.

According to the report, court approval of the proposal would
bring the city significantly closer to stabilizing its finances
after years of missteps and the intervention of the state's
governor.  The sale and lease also require city council to approve
legislation sanctioning the deals.  A council member said bills to
do so would be introduced Tuesday.


The report notes Assured Guaranty, a creditor, said it is
committed to working "cooperatively with the Harrisburg Receiver
and other stakeholders to implement a recovery plan that both
restores the City's fiscal health and respects the rights of
creditors."


HCSB FINANCIAL: Delays Q2 Form 10-Q to Complete Audit
-----------------------------------------------------
HCSB Financial Corporation was not able to timely file its
quarterly report on Form 10-Q for the quarter ended June 30, 2013,
because the audit of Company's consolidated financial statements
for the year ended Dec. 31, 2012, has not been finalized.

At this time, the Company currently anticipates reporting a net
loss ranging from $0.1 million to $0.2 million for the period
ended June 30, 2013.  Based on the Company's analysis of its
allowance for loan losses, the Company does not anticipate taking
any loan loss provision for the quarter ended June 30, 2013.
However, based on the Company's continued analysis, the Company's
actual results for the period ended June 30, 2013, may differ from
its current estimates.  The Company is still finalizing its
unaudited consolidated financial statements and related
disclosures for the quarter ended June 30, 2013.

                       About HCSB Financial

Loris, South Carolina-based HCSB Financial Corporation was
incorporated on June 10, 1999, to become a holding company for
Horry County State Bank.  The Bank is a state chartered bank which
commenced operations on Jan. 4, 1988.  From its 13 branch
locations, the Bank offers a full range of deposit services,
including checking accounts, savings accounts, certificates of
deposit, money market accounts, and IRAs, as well as a broad range
of non-deposit investment services.  During the third quarter of
2011, the Bank closed its Covenant Towers branch located at Myrtle
Beach.  All deposits were transferred to the Bank's Myrtle Beach
branch and the Bank does not expect any disruption of service in
that market for its customers.

HCSB reported a net loss of $29.01 million in 2011, compared with
a net loss of $17.27 million in 2010.

The Company's balance sheet at Sept. 30, 2012, showed $512.65
million in total assets, $520.03 million in total liabilities and
a $7.38 million total shareholders' deficit.


HERCULES OFFSHORE: Now Owns 100% Equity Stake of Discovery
----------------------------------------------------------
Under the Norwegian Securities Trading Act, a Cayman subsidiary of
Hercules Offshore, Inc., made a mandatory cash tender offer for
all remaining shares of Discovery Offshore S.A. that were not
owned by the Company or its affiliates.  The offer expired on
Aug. 12, 2013, and the Company received valid acceptances of the
offer with respect to 2,054,989 shares.  As a result, the Company
and its affiliates owned approximately 98.8 percent of Discovery's
outstanding shares upon the expiration of the mandatory offer on
Aug. 12, 2013.  The Company has exercised its rights to acquire
the remaining shares pursuant to Luxembourg Law.  Accordingly, as
of Aug. 15, 2013, the Company acquired as a matter of law the
shares not tendered in the offer on the same terms as the offer
and owns 100 percent of the shares of Discovery.

Discovery is a development stage company whose purpose is to own
new ultra high specification jackup drilling rigs.  As a result of
the acquisition of Discovery, two ultra high specification rigs,
Discovery Triumph and Discovery Resilience, are included in the
Company's International Offshore segment.

                      About Hercules Offshore

Hercules Offshore Inc. (NASDAQ: HERO) --
http://www.herculesoffshore.com/-- provides shallow-water
drilling and marine services to the oil and natural gas
exploration and production industry in the United States, Gulf of
Mexico and internationally.  The Company provides these services
to integrated energy companies, independent oil and natural gas
operators and national oil companies.  The Company operates in six
business segments: Domestic Offshore, International Offshore,
Inland, Domestic Liftboats, International Liftboats and Delta
Towing.

Hercules incurred a net loss of $127 million in 2012, a net loss
of $76.12 million in 2011, and a net loss of $134.59 million in
2010.  As of June 30, 2013, the Company had $2.15 billion in total
assets, $1.23 billion in total liabilities and $917.27 million in
total equity.

                           *     *     *

The Troubled Company Reporter said on April 11, 2013, that
Moody's Investors Service upgraded Hercules Offshore, Inc.'s
Corporate Family Rating to B2 from B3.  Hercules' B2 CFR is
supported by its improved cash flow and lower leverage on the back
of increased drilling activity and higher day-rates in the Gulf of
Mexico (GOM)

As reported by the TCR on Nov. 6, 2012, Standard & Poor's Ratings
Services raised its corporate credit rating on Houston-based
Hercules Offshore to 'B' from 'B-'.  "The upgrade reflects the
improving market conditions in the Gulf of Mexico and our
expectations that Hercules' fleet will continue to benefit," said
Standard & Poor's credit analyst Stephen Scovotti.


HOLLY CREST: Voluntary Chapter 11 Case Summary
----------------------------------------------
Debtor: Holly Crest, LLC
        8400 Callie Avenue, Unit 409
        Morton Grove, IL 60646

Bankruptcy Case No.: 13-33497

Chapter 11 Petition Date: August 22, 2013

Court: U.S. Bankruptcy Court
       Northern District of Illinois (Chicago)

Judge: Janet S. Baer

Debtor's Counsel: O. Allan Fridman, Esq.
                  LAW OFFICE OF O. ALLAN FRIDMAN
                  555 Skokie Boulevard, Suite 500
                  Northbrook, IL 60062
                  Tel: (847) 412-0788
                  Fax: (847) 412-0898
                  E-mail: allanfridman@gmail.com

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $1,000,001 to $10,000,000

The Company's list of its largest unsecured creditors filed with
the petition does not contain any entry.


HORIYOSHI WORLDWIDE: Delays Form 10-Q for Second Quarter
--------------------------------------------------------
Horiyoshi Worldwide, Inc., informed the U.S. Securities and
Exchange Commission it could not complete the filing of its
quarterly report on Form 10-Q for the period ended June 30, 2013,
due to a delay in obtaining and compiling information required to
be included in the Company's Form 10-Q.  In accordance with Rule
12b-25 of the Securities Exchange Act of 1934, as amended, the
Company will file its Form 10-Q no later than the fifth calendar
day following the prescribed due date.

                      About Horiyoshi Worldwide

Los Angeles, Calif.-based Horiyoshi Worldwide, Inc., is a clothing
and accessories design and distribution company whose products are
inspired by the artwork of Japanese master tattoo artist Yoshihito
Nakano -- better known as Horiyoshi III.

Horiyoshi Worldwide disclosed a net loss of $3 million in 2012 as
compared with a net loss of $2.89 million in 2011.  The Company's
balance sheet at March 31, 2013, showed $1.03 million in total
assets, $2.54 million in total liabilities and a $1.51 million
total stockholders' deficit.

EFP Rotenberg, LLP, in Rochester, New York, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2012.  The independent auditors noted
that as of Dec. 31, 2012, the Company has accumulated losses of
$6,747,446 since inception.  The company intends to fund
operations through equity financing arrangements, which may be
insufficient to fund its capital expenditures, working capital and
other cash requirements for the year ending Dec. 31, 2013.  In
response to these problems, management intends to raise additional
funds through public or private placement offerings.  These
factors, among others, raise substantial doubt about the company's
ability to continue as a going concern.


HORNE INTERNATIONAL: Delays Form 10-Q for Second Quarter
--------------------------------------------------------
Due to extremely reduced staffing levels, Horne International,
Inc., experienced delays in closing its quarter, and consequently
the Company's independent registered public accounting firm was
unable to complete its review of the Company's quarterly report on
Form 10-Q within the prescribed time period without unreasonable
effort or expense.  The Form 10-Q will be filed no later than the
fifth calendar day following the prescribed due date.

                     About Horne International

Fairfax, Va.-based Horne International, Inc., is an engineering
services company focused on provision of integrated, systems
approach based solutions to the energy and environmental sectors.

Stegman & Company, in Baltimore, Maryland, expressed substantial
doubt about Horne International's ability to continue as a going
concern.  The independent auditors noted that the Company has
experienced continuing net losses for each of the last four years
and as of Dec. 31, 2012, current liabilities exceeded current
assets by $2.26 million.

The Company reported a net loss of $1.6 million on $4.1 million of
revenue in 2012, compared with a net loss of $121,000 on
$5.7 million of revenue in 2011.

The Company's balance sheet at Dec. 31, 2012, showed $1.2 million
in total assets, $3.2 million in total liabilities, and a
stockholders' deficit of $2.0 million.


HUBER RENTAL: Case Summary & 8 Unsecured Creditors
--------------------------------------------------
Debtor: Huber Rental Properties, LLC
          aka Huber Houses
        203 South 6th Street
        Arkadelphia, AR 71923

Bankruptcy Case No.: 13-72896

Chapter 11 Petition Date: August 22, 2013

Court: U.S. Bankruptcy Court
       Western District of Arkansas (Hot Springs)

Judge: Richard D. Taylor

Debtor's Counsel: O. C. Rusty Sparks, Esq.
                  O.C. "RUSTY" SPARKS, P.A.
                  620 West Third Street, Suite 100
                  Little Rock, AR 72201
                  Tel: (501) 376-0550
                  E-mail: rustysparks@msn.com

Scheduled Assets: $5,705,131

Scheduled Liabilities: $3,318,317

A copy of the Company's list of its largest unsecured creditors
filed with the petition is available for free at:
http://bankrupt.com/misc/arwb13-72896.pdf

The petition was signed by Jonathan B. Huber, managing member.


HUSTAD INVESTMENT: Wants Case Conversion Motion Denied
------------------------------------------------------
Hustad Investment Corporation, et al., ask the U.S. Bankruptcy
Court for the District of Minnesota to deny the U.S. Trustee's
motion to dismiss or convert the Chapter 11 case to one under
Chapter 7 of the Bankruptcy Code.

The U.S. Trustee asserted that cause to convert the case is shown
by, among other things:

   -- the absence of operating cash in the cases coupled with
      the difficulties the Debtors have faced in selling
      properties of the estate to pay debt and generate operating
      cash;

   -- ongoing losses to the estate and an absence of a reasonable
      likelihood of rehabilitation; and

   -- mismanagement of the Debtors.

The Debtors argue that, among other things:

   1. the financial wherewithal to execute the Debtors' plan to
      develop their properties is obtainable; and

   2. the Debtors has filed a plan on July 29, 2013, which
      provides that a cash infusion of $4 million into the
      Debtors will be made at confirmation by FiberPop Solutions,
      LLC, an entity owned by James Louks.  A hearing on the
      adequacy of information in the disclosure statement is set
      for Aug. 28.

                     About Hustad Investment

Hustad Investment Corp., Hustad Investments LP, and Hustad Real
Estate Company sought Chapter 11 protection (Bankr. D. Minn. Lead
Case No. 13-40789) in Minneapolis on Feb. 20, 2013.

The Debtors are engaged in the business of real estate investment.
The Debtors own, among others, a commercial development consisting
of 8 acres in Eden Prairie, Minnesota, called Bluff Country
Village, and a mixed-use development consisting of 110+/- acres in
Maple Grove, Minnesota.

The majority of Bluff Country Village is owned by HIC, but some of
that property is owned by HRE.  The Maple Grove Property is owned
by HILP.

Both Bluff Country Village and the Maple Grove Property are
subject to a first mortgage in favor of BMO Harris Bank, N.A.
securing a debt of approximately $12.4 million.  The Chapter 11
cases were filed on the eve of a sheriff's sale scheduled by BMO
in connection with foreclosure of its mortgage.

HILP estimated less than $50 million in assets and liabilities.
HRE estimated less than $10 million in assets and less than $50
million in liabilities.  HIC disclosed $12,941,736 in assets and
$15,022,204 in liabilities as of the Chapter 11 filing.

The Debtors are represented by Michael L. Meyer, Esq., at Ravich
Meyer Kirkman McGrath Nauman, in Minneapolis.

The Plan filed in the Debtors' cases provides that the Debtors
will continue to operate their business in the ordinary course.
Payments required by the Plan will be made from the cash flow
generated by sales of the Debtors' real property and from the
proceeds of the investor loan.


IMH FINANCIAL: Delays Form 10-Q for Second Quarter
--------------------------------------------------
IMH Financial Corporation was unable to file its quarterly report
on Form 10-Q for the period ended June 30, 2013, within the
prescribed time period because the Company requires additional
time to finalize its analysis of certain receivables in order to
ensure proper recognition of assets, revenues and expenses.
Certain recent transactions and activities have caused the
Company's analysis of certain assets to be more difficult to
complete, thereby requiring the Company to take additional time to
complete its financial information as reported on Form 10-Q.  The
Company intends to file all documents required for its Form 10-Q
filing within five calendar days of the Aug. 14, 2013, due date.

                        About IMH Financial

Scottsdale, Ariz.-based IMH Financial Corporation was formed from
the conversion of IMH Secured Loan Fund, LLC, or the Fund, a
Delaware limited liability company, on June 18, 2010.  The
conversion was effected following a consent solicitation process
pursuant to which approval was obtained from a majority of the
members of the Fund to effect the Conversion Transactions and
involved (i) the conversion of the Fund from a Delaware limited
liability company into a Delaware corporation named IMH Financial
Corporation, and (ii) the acquisition by the Company of all of the
outstanding shares of the manager of the Fund Investors Mortgage
Holdings Inc., or the Manager, as well as all of the outstanding
membership interests of a related entity, IMH Holdings LLC, or
Holdings on June 18, 2010.

The Company is a commercial real estate lender based in the
southwest United States with over 12 years of experience in many
facets of the real estate investment process, including
origination, underwriting, documentation, servicing, construction,
enforcement, development, marketing, and disposition.  The Company
focuses on a niche segment of the real estate market that it
believes is underserved by community, regional and national banks:
high yield, short-term, senior secured real estate mortgage loans.
The intense level of underwriting analysis required in this
segment necessitates personnel and expertise that many community
banks lack, yet the requisite localized market knowledge of the
underwriting process and the size of the loans the Company seeks
often precludes the regional and community banks from efficiently
entering this market.

IMH Financial disclosed a net loss of $32.19 million in 2012, a
net loss of $35.19 million in in 2011, and a net loss of $117.04
million in 2010.

The Company's balance sheet at March 31, 2013, showed $227.79
million in total assets, $100.92 million in total liabilities and
$126.86 millionin total stockholders' equity.


INDEPENDENCE TAX IV: Incurs $185,000 Net Loss in June 30 Qtr.
-------------------------------------------------------------
Independence Tax Credit Plus L.P. IV filed with the U.S.
Securities and Exchange Commission its quarterly report on Form
10-Q disclosing a net loss of $185,711 on $1.05 million of total
revenues for the three months ended June 30, 2013, as compared
with net income of $1.95 million on $1.03 million of total
revenues for the same period during the prior year.

As of June 30, 2013, showed $8.86 million in total assets, $27.95
million in total liabilities and a $19.09 million total partner's
deficit.

"At June 30, 2013, the Partnership's liabilities exceeded assets
by $19,096,526 and for the three months ended June 30, 2013, the
Partnership had net loss of $(185,711).  These factors raise
substantial doubt about the Partnership's ability to continue as a
going concern," the Company said in the filing.

A copy of the Form 10-Q is available for free at:

                        http://is.gd/U4cE8s

New York-based Independence Tax Credit Plus L.P. IV is a limited
partnership which was formed under the laws of the State of
Delaware on Feb, 22, 1995.

On July 6, 1995, the Partnership commenced a public offering of
Beneficial Assignment Certificates representing assignments of
limited partnership interests in the Partnership.  The Partnership
received $45,844,000 of gross proceeds from the Offering from
2,759 investors.  The Offering was terminated on May 22, 1996.

The Partnership's initial business was to invest in other
partnerships owning leveraged apartment complexes that are
eligible for the low-income housing tax credit enacted in the Tax
Reform Act of 1986, some of which may also be eligible for the
historic rehabilitation tax credit.

The Partnership is currently in the process of developing a plan
to dispose of all of its investments.  It is anticipated that this
process will take a number of years.

The Partnership reported a net loss of $967,365 on $4.2 million of
revenues in fiscal 2013, compared with net income of $970,124 on
$4.1 million of revenues in fiscal 2012.


INFUSYSTEM HOLDINGS: Amends 2007 Stock Incentive Plan
-----------------------------------------------------
InfuSystem Holdings, Inc.'s Board of Directors approved the
adoption of amendments to its 2007 Stock Incentive Plan.  Key
amendments to the Plan provide that:

   * The Compensation Committee will determine the exercise price
     of any stock options or stock appreciation rights issued
     under the Plan, provided that the exercise price must be at
     or above the average closing price of the Company's common
     stock for the five most recent trading days prior to the date
     of grant.  Prior to this amendment, the Plan did not specify
     any limitations on the minimum exercise price for stock
     options or stock appreciation rights;

   * Except in connection with certain significant corporate
     events, such as reorganizations and mergers, without
     stockholder approval, outstanding stock options or stock
     appreciation rights may not be repriced nor exchanged for
     either cash or substitute awards with a lower, or no,
     exercise price.  Previously, the Plan expressly permitted the
     Committee to reprice outstanding awards under the Plan;

   * Further restricted stock awards granted under the Plan will
     reduce the total number of shares remaining available for
     grant under the Plan at a rate of two shares per one
     restricted share granted; and

   * Each Plan participant is responsible for his/her own tax and
     exercise price obligations in respect of awards under the
     Plan and the Company will not reimburse an award to satisfy
     tax or exercise price obligations.  The Plan still permits
     the cashless exercise of stock options and other awards and
     the satisfaction of tax withholding amounts by surrendering
     shares covered by the award to the Company.  Previously, the
     Plan did not expressly prohibit tax gross-ups for awards.

"These changes are consistent with the Board's actions initiated
in May 2012 following the Company's change of control and
reinforce our desire to align with corporate governance best
practices," stated InfuSystem Chairman Ryan Morris.  "We will
continue to diligently explore future modifications, as
appropriate."

Additional information is available for free at:

                        http://is.gd/UeTE76

                      About InfuSystem Holdings

InfuSystem Holdings, Inc., operates through operating
subsidiaries, including InfuSystem, Inc., and First Biomedical,
Inc.  InfuSystem provides infusion pumps and related services.
InfuSystem provides services to hospitals, oncology practices and
facilities and other alternate site healthcare providers.
Headquartered in Madison Heights, Michigan, InfuSystem delivers
local, field-based customer support, and also operates pump
service and repair Centers of Excellence in Michigan, Kansas,
California, and Ontario, Canada.

Infusystem Holdings disclosed a net loss of $1.48 million in 2012,
as compared with a net loss of $45.44 million in 2011.  The
Company's balance sheet at March 31, 2013, showed $76.22 million
in total assets, $35.70 million in total liabilities and
$40.52 million in total stockholders' equity.


INTERLEUKIN GENETICS: Incurs $1.7 Million Net Loss in Q2
--------------------------------------------------------
Interleukin Genetics, Inc., reported a net loss of $1.77 million
on $852,128 of total revenue for the three months ended June 30,
2013, as compared with a net loss of $1.22 million on $799,435 of
total revenue for the same period during the prior year.

For the six months ended June 30, 2013, the Company reported a net
loss of $2.97 million on $1.33 million of total revenue, as
compared with a net loss of $2.64 million on $1.47 million of
total revenue for the same period a year ago.

The Company's balance sheet at June 30, 2013, showed $12.24
million in total assets, $8.45 million in total liabilities and
$3.78 million in total shareholders' equity.

A copy of the press release is available for free at:

                        http://is.gd/XSY9kR

Interleukin Genetics registered with the SEC 11.3 million shares
of the Company's common stock issuable under the 2013 Employee,
Director and Consultant Equity Incentive Plan.  The proposed
maximum aggregate offering price is $4.51 million.  A copy of the
Form S-8 prospectus is available for free at http://is.gd/PWPqEQ

                         About Interleukin

Waltham, Mass.-based Interleukin Genetics, Inc., is a personalized
health company that develops unique genetic tests to provide
information to better manage health and specific health risks.

Interleukin Genetics disclosed a net loss of $5.12 million in
2012, as compared with a net loss of $5.02 million in 2011.

Grant Thornton LLP, in Boston, Massachusetts, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2012.  The independent auditors noted
that the Company incurred a net loss of $5,120,084 during the year
ended December 31, 2012, and as of that date, the Company's total
liabilities exceeded its total assets by $13,623,800.  These
conditions, among other factors, raise substantial doubt about the
Company's ability to continue as a going concern.

                        Bankruptcy Warning

"We have retained a financial advisor and are actively seeking
additional funding, however, based on current economic conditions,
additional financing may not be available, or, if available, it
may not be available on favorable terms.  In addition, the terms
of any financing may adversely affect the holdings or the rights
of our existing shareholders.  For example, if we raise additional
funds by issuing equity securities, further dilution to our then-
existing shareholders will result.  Debt financing, if available,
may involve restrictive covenants that could limit our flexibility
in conducting future business activities.  We also could be
required to seek funds through arrangements with collaborators or
others that may require us to relinquish rights to some of our
technologies, tests or products in development.  Our common stock
was delisted from the NYSE Amex in 2010 and is currently trading
on the OTCQBTM.  As a result, our access to capital through the
public markets may be more limited.  If we cannot obtain
additional funding on acceptable terms, we may have to discontinue
operations and seek protection under U.S. bankruptcy laws,"
the Company said in its quarterly report for the ended March 31,
2013.


INTERSTATE PROPERTIES: Court Cites Pre-Conditions to Dismissal
--------------------------------------------------------------
Based on the presentations by counsel for Interstate Properties,
LLC, the U.S. Trustee, and senior secured creditor American
National Insurance Company ("ANICO"), at hearings held on July 8,
2013, and Aug. 19, 2013, on the motion of the Debtor for the
dismissal of its Chapter 11 case, ANICO's agreement to withdraw
its objection to the Motion, the U.S. Bankruptcy Court for the
Northern District of Georgia, on August 23, ordered that after the
Debtor obtains funds from UBS, the Debtor is authorized and
directed to pay or cause UBS to pay the Debtor's Loan Payment
Amount of $13,230,460.39 to ANICO in certifiable funds.

Further, the Court ordered that the Debtor's Bankruptcy case will
be dismissed, provided that, the following conditions are first
satisfied:

(i) the motion of the Debtor's affiliate, Emerald Coast
      Hospitality, LLC, for the dismissal of its Chapter 11 case
      is also granted under terms and conditions as those set
      forth is this Order;

(ii) the Debtor pays or causes UBS to pay the Debtor's Loan
      Payoff Amount to ANICO in certifiable funds;

(iii) the Debtor pays or causes UBS to pay Emerald's Loan Payoff
      Amount of $11,222,823.54 to ANICO in certifiable funds;

(iv) the Debtor pays $975 in quarterly fees due and owing to the
      United States Trustee;

  (v) the Debtor's counsel executes an affidavit indicating the
      Debtor has satisfied all of the conditions set forth in this
      paragraph within three days of the satisfaction of the
      conditions; and

(vi) the conditions set forth is this Order occur within 30 days
      of entry of this Order.

                    About Interstate Properties

Interstate Properties, LLC, filed a Chapter 11 petition (Bankr.
N.D. Ga. Case No. 12-76037) in Atlanta on Oct. 17, 2012.  Judge
Margaret Murphy presides over the case.  George M. Geeslin, Esq.,
who has an office in Atlanta, Georgia, serves as the Debtor's
bankruptcy counsel.

The Debtor owns and operates, among others, two shopping centers,
one located in Elkview, West Virginia, and one located in Decatur,
Georgia.  In its schedules, as amended, the Debtor disclosed
$73,002,403 in total assets and $62,264,480 in total liabilities.


IPC INTERNATIONAL: Seeks to Sell Assets to UPS for $21.3-Mil.
-------------------------------------------------------------
IPC International Corporation and The Security Network Holdings
Corporation seek permission from the U.S. Bankruptcy Court for the
District of Delaware to sell substantially all of the assets used
to operate their standing guard and patrol business to Universal
Protection Services for $21,250,000.

In addition to the cash price, under the purchase agreement, UPS
will also assume (i) specified obligations of IPC under certain
contracts with customers of its standing guard and patrol business
and (ii) specified liabilities of IPC under certain capital
equipment leases and other leases and contracts designated by UPS
valued at $2.9 million.

The Purchase Agreement provides various bid protections to UPS,
including in a $600,000 Break-Up Fee and up to $250,000 Expense
Reimbursement, both of which will be paid to UPS if UPS is not
highest bidder at the auction, regardless of whether a Sale to an
alternate bidder is consummated.

While the Debtors believe that the UPS Purchase Agreement is fair
and reasonable, the best interest of their estates are serve by
conducting a public auction to identify the highest or otherwise
the best offer for the assets.  Accordingly, the Debtors also ask
the Court to approve procedures governing the auction and sale of
their assets to the qualified bidder with the highest or best bid.

The Debtors propose the following deadlines:

   Sept. 16, 2013    -- Deadline for submitting bid packages
   Sept. 18, 2013    -- Auction
   Sept. 25, 2013    -- Sale hearing

                   PSC: Break-Up Fee Chills Bidding

Professional Security Consultants, who negotiated with the Debtors
prepetition to purchase their assets and says it intends to bid at
the proposed sale, complains that the proposed break-up fee is
excessive and will chill bidding by other interested buyers.  PSC
further complains that the proposed Break-Up Fee appears to design
to lock up the sale for UPS.  Other bidders will be discouraged
from participating in the auction and the ultimate result will be
to reduce the funds available for the creditors of the Debtors'
estates, PSC asserts.

Jeremy W. Ryan, Esq. -- jryan@potteranderson.com -- and Etta R.
Mayers, Esq. -- emayers@potteranderson.com -- at POTTER ANDERSON &
CORROON LLP, in Wilmington, Delaware, and Paul V. Possinger, Esq.
-- ppossinger@proskauer.com -- and Brandon W. Levitan, Esq. --
blevitan@proskauer.com -- at PROSKAUER ROSE LLP, in Chicago,
Illinois, are proposed counsel for the Debtors.

PSC is represented by Jeffrey M. Schlef, Esq. --
jschlerf@foxrothschild.com -- John H. Strock, Esq. --
jstrock@foxrothschild.com -- and L. John Bird, Esq. --
jbird@foxrothschild.com -- at Fox Rothschild LLP, in Wilmington,
Delaware; and Bernard R. Given, II, Esq., and Jeanne C. Wanlass,
Esq., at Loeb & Loeb LLP, in Los Angeles, California.

                      About IPC International

IPC International Corp., a provider of security services for
350 shopping malls, filed a petition for Chapter 11 protection
(Bankr. D. Del. Case No. 13-bk-12050) on Aug. 9, 2013, in Delaware
after signing a contract for Universal Protection Services LLC to
buy the business for $21.3 million plus assumption of specified
liabilities.

Scott M. Strong signed the petition as chief financial officer.
The Debtor estimated assets and debts of at least $10 million.
Jeremy William Ryan, Esq., and Etta Ren Wolfe, Esq., at POTTER
ANDERSON & CORROON, LLP, serves as the Debtor's counsel.
Proskauer Rose, LLP, serves as the Debtor's general bankruptcy
counsel.  Silverman Consulting, LLC, acts as the Debtor's
financial advisor and Livingstone Partners, LLP, serves as the
Debtor's investment banker.  KCC is the Debtor's noticing, claims
and balloting agent.  Judge Mary F. Walrath presides over the
case.

The petition shows assets and liabilities both exceeding
$10 million.  Liabilities include $6.9 million on a revolving
credit and $10.4 million on term loans owing to PrivateBank &
Trust Co., as agent.

Bankruptcy was the result of losses on a U.K. affiliate that was
sold, as well as competition and the cost of liability insurance.


IPC INTERNATIONAL: Has Interim Authority to Tap $8MM in DIP Loans
-----------------------------------------------------------------
Judge Mary F. Walrath of the U.S. Bankruptcy Court for the
District of Delaware gave interim authority to IPC International
Corporation and The Security Network Holdings Corporation to
access $8 million of the $12 million senior secured postpetition
loan agreement with the PrivateBank and Trust Company.

On the earliest of: (a) Jan. 31, 2014; (b) the occurrence of the
effective date under any plan of reorganization or liquidation;
(c) the occurrence of an event of default; and (d) the closing of
a sale or any other disposition by the Debtors of their assets,
the Debtors will be required to repay the DIP Lender in full and
in cash all outstanding DIP obligations.

The DIP Lender is granted security interests in and liens and
mortgages on all of the Debtors' property, which liens are
subordinate to the Carve-Out.  All DIP Obligations will constitute
allowed superpriority administrative expense claims, subject to
the Carve-Out.  The Carve-Out means any unpaid professional fees
and expenses that were incurred but not paid as of the date of the
Cash Collateral Termination Event and any professional fees and
expenses incurred after the Cash Collateral Termination Event in
an aggregate amount not to exceed $100,000.

The final hearing is scheduled for Sept. 3, 2013, at 2:00 p.m.
(prevailing Eastern Time).  Objections are due Aug. 27.

                      About IPC International

IPC International Corp., a provider of security services for
350 shopping malls, filed a petition for Chapter 11 protection
(Bankr. D. Del. Case No. 13-bk-12050) on Aug. 9, 2013, in Delaware
after signing a contract for Universal Protection Services LLC to
buy the business for $21.3 million plus assumption of specified
liabilities.

Scott M. Strong signed the petition as chief financial officer.
The Debtor estimated assets and debts of at least $10 million.
Jeremy William Ryan, Esq., and Etta Ren Wolfe, Esq., at POTTER
ANDERSON & CORROON, LLP, serves as the Debtor's counsel.
Proskauer Rose, LLP, serves as the Debtor's general bankruptcy
counsel.  Silverman Consulting, LLC, acts as the Debtor's
financial advisor and Livingstone Partners, LLP, serves as the
Debtor's investment banker.  KCC is the Debtor's noticing, claims
and balloting agent.  Judge Mary F. Walrath presides over the
case.

The petition shows assets and liabilities both exceeding
$10 million.  Liabilities include $6.9 million on a revolving
credit and $10.4 million on term loans owing to PrivateBank &
Trust Co., as agent.

Bankruptcy was the result of losses on a U.K. affiliate that was
sold, as well as competition and the cost of liability insurance.

IPC, based in Bannockburn, Illinois, is asking the bankruptcy
judge to approve auction procedures under which competing bids
would be due on Sept. 16, followed by an auction on Sept. 18 and a
hearing on Sept. 25 to approve sale.  Even without a higher bid at
auction, the price will be sufficient to pay secured creditors in
full along with expenses of the bankruptcy.  Unsecured creditors
should receive some recovery from the sale.


IPC INTERNATIONAL: Can Use Cash Collateral Until January 2014
-------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware gave
interim authority to IPC International Corporation and The
Security Network Holdings Corporation to use cash collateral
securing their prepetition indebtedness.

The Debtors' authority to use Cash Collateral will terminate on
the earliest to occur of: (a) Jan. 31, 2014; (b) the occurrence of
the effective date under any plan of reorganization or
liquidation; (c) the occurrence of an event of default; and (d)
the closing of a sale or any other disposition by the Debtors of
their assets, the Debtors will be required to repay the DIP Lender
in full and in cash all outstanding DIP obligations.

The Prepetition Secured Lender will be granted adequate protection
liens, junior in priority to the Carve-Out, DIP Liens and other
permitted liens, and adequate protection priority claim, junior in
priority to the Carve-Out, the DIP Superpriority Claim and senior
to all other administrative claims.

The final hearing is scheduled for Sept. 3, 2013, at 2:00 p.m.
(prevailing Eastern Time).  Objections are due Aug. 27.

                      About IPC International

IPC International Corp., a provider of security services for
350 shopping malls, filed a petition for Chapter 11 protection
(Bankr. D. Del. Case No. 13-bk-12050) on Aug. 9, 2013, in Delaware
after signing a contract for Universal Protection Services LLC to
buy the business for $21.3 million plus assumption of specified
liabilities.

Scott M. Strong signed the petition as chief financial officer.
The Debtor estimated assets and debts of at least $10 million.
Jeremy William Ryan, Esq., and Etta Ren Wolfe, Esq., at POTTER
ANDERSON & CORROON, LLP, serves as the Debtor's counsel.
Proskauer Rose, LLP, serves as the Debtor's general bankruptcy
counsel.  Silverman Consulting, LLC, acts as the Debtor's
financial advisor and Livingstone Partners, LLP, serves as the
Debtor's investment banker.  KCC is the Debtor's noticing, claims
and balloting agent.  Judge Mary F. Walrath presides over the
case.

The petition shows assets and liabilities both exceeding
$10 million.  Liabilities include $6.9 million on a revolving
credit and $10.4 million on term loans owing to PrivateBank &
Trust Co., as agent.

Bankruptcy was the result of losses on a U.K. affiliate that was
sold, as well as competition and the cost of liability insurance.

IPC, based in Bannockburn, Illinois, is asking the bankruptcy
judge to approve auction procedures under which competing bids
would be due on Sept. 16, followed by an auction on Sept. 18 and a
hearing on Sept. 25 to approve sale.  Even without a higher bid at
auction, the price will be sufficient to pay secured creditors in
full along with expenses of the bankruptcy.  Unsecured creditors
should receive some recovery from the sale.


IZEA INC: Amends First Quarter Form 10-Q
----------------------------------------
Izea, Inc., filed an amendment to its quarterly report on Form
10-Q for the period ended June 30, 2013, originally filed with the
U.S. Securities and Exchange Commission on Aug. 14, 2013,
primarily to furnish Exhibit 101 XBRL (eXtensible Business
Reporting Language) to the Form 10-Q in accordance with Rule 405
of Regulation S-T.  A copy of the amended Form 10-Q is available
for free at http://is.gd/MYlJt0

                           About IZEA, Inc.

IZEA, Inc., headquartered in Orlando, Fla., believes it is a world
leader in social media sponsorships ("SMS"), a rapidly growing
segment within social media where a company compensates a social
media publisher to share sponsored content within their social
network.  The Company accomplishes this by operating multiple
marketplaces that include its platforms SocialSpark,
SponsoredTweets and WeReward, as well as its legacy platforms
PayPerPost and InPostLinks.

The Company has incurred significant losses from operations since
inception and has an accumulated deficit of $20.9 million as of
June 30, 2012.  The Company's balance sheet at March 31, 2013,
showed $1.01 million in total assets, $2.96 million in total
liabilities and a $1.94 million total stockholders' deficit.

Cross, Fernandez & Riley, LLP, in Orlando, Florida, expressed
substantial doubt about IZEA's ability to continue as a going
concern, following the Company's results for the fiscal year ended
Dec. 31, 2011.  The independent auditors noted that the Company
has incurred recurring operating losses and had an accumulated
deficit at Dec. 31, 2011, of $18.1 million.


J.C. PENNEY: Pershing Square Held 17.7% Equity Stake at Aug. 12
---------------------------------------------------------------
In an amended Schedule 13D filing with the U.S. Securities and
Exchange Commission, Pershing Square Capital Management, L.P., and
its affiliates disclosed that as of Aug. 12, 2013, they
beneficially owned 39,075,771 shares of common stock of J.C.
Penney Company, Inc., representing 17.7 percent of the shares
outstanding based on 220,298,991 shares of the common stock, 50
cents par value, of the Company outstanding as of June 7, 2013, as
reported in J.C. Penney's quarterly report on Form 10-Q, filed on
June 11, 2013.  A copy of the regulatory filing is available for
free at http://is.gd/bFe3nF

                          About J.C. Penney

Plano, Texas-based J.C. Penney Company, Inc. is one of the U.S.'s
largest department store operators with about 1,100 locations in
the United States and Puerto Rico.

J.C. Penney disclosed a net loss of $985 million in 2012, as
compared with a net loss of $152 million in 2011.  As of May 4,
2013, the Company had $10.37 billion in total assets,
$7.50 billion in total liabilities and $2.86 billion in total
stockholders' equity.

                            *     *     *

The Company carries Moody's Investors Service's B3 Corporate
Family Rating with negative outlook.

Early in March 2013, Standard & Poor's Ratings Services lowered
its corporate credit rating on Penney to 'CCC+' from 'B-'.  The
outlook is negative.  At the same time, S&P lowered the issue-
level rating on the company's unsecured debt to 'CCC+' from 'B-'
and maintained its '3' recovery rating on this debt, indicating
S&P's expectation of meaningful (50% to 70%) recovery for
debtholders in the event of a payment default.

"The downgrade reflects the performance erosion that has
accelerated throughout the previous year and seems likely to
persist over the next 12 months," explained Standard & Poor's
credit analyst David Kuntz.

At the same time, Fitch Ratings downgraded the Company's Issuer
Default Ratings to 'B-' from 'B'.  The Rating Outlook is Negative.
The rating downgrades reflect Fitch's concerns that there is a
lack of visibility in terms of the Company's ability to stabilize
its business in 2013 and beyond after a precipitous decline in
revenues leading to negative EBITDA of $270 million in 2012.
Penney, Fitch said, will need to tap into additional funding to
cover a projected FCF shortfall of $1.3 billion to $1.5 billion in
2013, which could begin to strain its existing sources of
liquidity.

In February 2013, Penney received a notice of default from a law
firm representing more than 50% of its 7.4% Debentures due 2037.
The Company has filed a lawsuit in Delaware Chancery Court seeking
to block efforts by the bondholder group to declare a default on
the 2037 bonds.  Penney also asked lawyers at Brown Rudnick LLP to
identify the investors they represent.

In March 2013, Penney received a letter from bondholders
withdrawing and rescinding the Notice of Default.

On April 12, 2013, Penney borrowed $850 million out of its $1.85
billion committed revolving credit facility with JPMorgan Chase
Bank, N.A., as Administrative Agent, and Wells Fargo Bank,
National Association, as LC Agent. Penney said the move was to
enhance the Company's financial flexibility and position.


KIDSPEACE CORP: Has Court Authority to Employ Grant Thornton
------------------------------------------------------------
Judge Richard E. Fehling of the U.S. Bankruptcy Court for the
Eastern District of Pennsylvania authorized KidsPeace Corporation,
et al., to employ Grant Thornton LLP to provide accounting, tax
and advisory services, nunc pro tunc to the Petition Date.

The services are likely to include, but are not limited to, the
following:

   (a) audit the consolidated balance sheet of the Debtors as of
       December 31, 2012;

   (b) perform a limited scope audit of the financial statements
       of the KidsPeace Tax Deferred Annuity Plan;

   (c) perform a limited scope audit of the financial statements
       of the KidsPeace Defined Benefit Retirement Plan; and

   (d) provide other related services as may be requested by the
       Debtors and as agreed to by Grant Thornton.

Michael Sorelle, a partner in the accounting, tax and advisory
firm of Grant Thornton LLP, is the primary professional
responsible for representing the Debtors.  Mr. Sorelle will be
paid $555 per hour for his services.  Mr. Sorelle will be assisted
by other Grant Thornton professionals to be paid the following
hourly rates:

   Services   Name                           Hourly Rate
   --------   ----                           -----------
   Audit      Partner                         $555-$745
              Managing Director/Director      $475-$710
              Senior Manager                  $415-$680
              Senior                          $225-$455
              Associate                       $185-$340
   Audit/Tax  Paraprofessional                     $130
              Clerical                              $75
   Tax        Partner/Principal               $590-$790
              Managing Director/Director      $550-$575
              Senior Manager                  $460-$575
              Manager                         $510-$525
              Senior                          $345-$440
              Associate                       $245-$280

The firm will also be reimbursed for any necessary out-of-pocket
expenses.

Mr. Sorelle assured the Court that his firm is a "disinterested
person" as the term is defined in Section 101(14) of the
Bankruptcy Code and does not represent any interest adverse to the
Debtors and their estates.  In the one year period prior to the
Petition Date, Grant Thornton received payments aggregating in the
approximate amount of $259,606 from the Debtors for services
rendered.

Joseph R. Zapata, Jr., Esq., at NORRIS, McLAUGHLIN & MARCUS, PA,
in Allentown, Pennsylvania, represents the Debtors.

                      About KidsPeace Corp.

KidsPeace Corp., a provider of behavioral services for children,
filed a petition for Chapter 11 reorganization (Bankr. E.D. Pa.
Case No. 13-14508) on May 21, 2013, in Reading, Pennsylvania.

KidsPeace operates a 96-bed pediatric psychiatric hospital in
Orefield, Pennsylvania.  Assets are $86.7 million, and debt on the
books is $158.6 million, according to a court filing.

The Debtor, which sought bankruptcy protection with eight
affiliates, tapped Norris McLaughlin & Marcus, P.A. as counsel;
EisnerAmper LLP as financial advisor, and Rust Omni as claims and
notice agent.

Assets total $158,587,999 at the end of 2012.  The Debtors owe
approximately $56,206,821 in bond debt, and they have been told
that their pension liability is allegedly about $100,000,000 of
which the Debtors currently reflect $83,049,412 on their books.

KidsPeace sought Chapter 11 (i) as a means to implement a
negotiated restructuring of bond debt currently aggregating
approximately $51,310,000 plus accrued interest to a reduced
amount of approximately $24 million in new 30-year bonds with
interest at 7.5 percent, and (ii) to continue on-going
negotiations with the Pension Benefit Guaranty Corporation  in
hopes of reducing the PBGC asserted obligation of $100+ million to
an amount that the Debtors can reasonably expect to satisfy.

The Debtor disclosed $157,930,467 in assets and $168,768,207 in
liabilities as of the Chapter 11 filing.

Since March 2012, MK has been exploring possible affiliation or
acquisition opportunities; however, no offer of an affiliation or
acquisition has been presented to the Debtors.

Gemino Healthcare Finance, LLC, the prepetition revolving lender,
is represented by James S. Rankin, Jr., Esq., at Parker, Hudson,
Rainer & Dobbs LLP; and Weir & Partners LLP's Walter Weir, Jr.,
Esq.

UMB Bank, N.A., on behalf of bondholders, Performance Food Group
d/b/a AFI, W.B. Mason Co., Inc., Pension Benefit Guaranty
Corporation, and Teresa Laudenslager were appointed to an official
committee of unsecured creditors in the Debtors' cases.  The
Official Committee of Unsecured Creditors is represented by
Fitzpatrcik Lentz & Bubba, P.C., and Lowenstein Sandler LLP as
counsel.  FTI Consulting, Inc. serves as the panel's financial
advisor.


KIDSPEACE CORP: Hearing on Bid to Terminate Ombudsman on Sept. 3
----------------------------------------------------------------
The hearing to consider KidsPeace Corporation, et al.'s motion to
terminate the U. S. Trustee's appointment of a patient care
ombudsman is rescheduled and will now be held on Sept. 3, 2013, at
11:00 a.m., before the Honorable Richard E. Fehling of the U.S.
Bankruptcy Court for the Eastern District of Pennsylvania.

As previously reported by The Troubled Company Reporter, the
Debtors asked the Court to terminate the PCO for, among other
things, the U.S. Trustee innocently, negligently or intentionally
misrepresented her intentions to impose limitations on the PCO's
engagement and in reliance on the Debtors' counsel consented to an
order authorizing the appointment of a PCO, which he would not
otherwise have done.  In the alternative, should the Court be
inclined to continue the PCO's appointment, the Debtors asserted
that it is essential that limits be imposed on the scope of the
PCO's duties and that there be a cap on his fees and expenses.

The PCO's application to retain Bryan Cave LLP as counsel and its
motion to access patient health information will also be heard on
Sept. 3.

Roberta A. DeAngelis, U.S. Trustee for Region 3, is represented by
Dave P. Adams, Esq., in Philadelphia, Pennsylvania.

                      About KidsPeace Corp.

KidsPeace Corp., a provider of behavioral services for children,
filed a petition for Chapter 11 reorganization (Bankr. E.D. Pa.
Case No. 13-14508) on May 21, 2013, in Reading, Pennsylvania.

KidsPeace operates a 96-bed pediatric psychiatric hospital in
Orefield, Pennsylvania.  Assets are $86.7 million, and debt on the
books is $158.6 million, according to a court filing.

The Debtor, which sought bankruptcy protection with eight
affiliates, tapped Norris McLaughlin & Marcus, P.A. as counsel;
EisnerAmper LLP as financial advisor, and Rust Omni as claims and
notice agent.

Assets total $158,587,999 at the end of 2012.  The Debtors owe
approximately $56,206,821 in bond debt, and they have been told
that their pension liability is allegedly about $100,000,000 of
which the Debtors currently reflect $83,049,412 on their books.

KidsPeace sought Chapter 11 (i) as a means to implement a
negotiated restructuring of bond debt currently aggregating
approximately $51,310,000 plus accrued interest to a reduced
amount of approximately $24 million in new 30-year bonds with
interest at 7.5 percent, and (ii) to continue on-going
negotiations with the Pension Benefit Guaranty Corporation  in
hopes of reducing the PBGC asserted obligation of $100+ million to
an amount that the Debtors can reasonably expect to satisfy.

The Debtor disclosed $157,930,467 in assets and $168,768,207 in
liabilities as of the Chapter 11 filing.

Since March 2012, MK has been exploring possible affiliation or
acquisition opportunities; however, no offer of an affiliation or
acquisition has been presented to the Debtors.

Gemino Healthcare Finance, LLC, the prepetition revolving lender,
is represented by James S. Rankin, Jr., Esq., at Parker, Hudson,
Rainer & Dobbs LLP; and Weir & Partners LLP's Walter Weir, Jr.,
Esq.

UMB Bank, N.A., on behalf of bondholders, Performance Food Group
d/b/a AFI, W.B. Mason Co., Inc., Pension Benefit Guaranty
Corporation, and Teresa Laudenslager were appointed to an official
committee of unsecured creditors in the Debtors' cases.  The
Official Committee of Unsecured Creditors is represented by
Fitzpatrcik Lentz & Bubba, P.C., and Lowenstein Sandler LLP as
counsel.  FTI Consulting, Inc. serves as the panel's financial
advisor.


KINGSBURY CORP: Plan Outline Hearing Continued to Sept. 25
----------------------------------------------------------
The U.S. Bankruptcy Court for the District of New Hampshire
continued to Sept. 25, 2013, 9 a.m., the hearing on the adequacy
of information in the disclosure statement explaining Kingsbury
Corporation, et al.'s Plan of Liquidation.

As reported in the May 7, 2013 edition of the Troubled Company
Reporter, KMTC, f/k/a Kingsbury Corporation, Donson Group, Ltd.,
and Ventura Industries, LLC, proposed a liquidating plan, which
provides for the sale of Kingsbury's real estate located at 80
Laurel Street, Keene, New Hampshire.  Secured claims will be paid
in full from the sale proceeds, or holders of secured claims will
retain their liens in the real estate and their allowed secured
claims will be satisfied from the real estate proceeds.  General
unsecured claims will be paid in full, while interests will be
cancelled and holders of interests will take nothing under the
Plan.

A full-text copy of the Disclosure Statement dated April 22, 2013,
is available for free at:

      http://bankrupt.com/misc/KINGSBURYCORPds0422.pdf

                       About Kingsbury Corp.

Kingsbury Corp. -- http://www.kingsburycorp.com/-- makes and
assembles machine systems.  Kingsbury and affiliate Ventura
Industries, LLC, filed Chapter 11 petition (Bankr. D. N.H. Case
Nos. 11-13671 and 11-13687) on Sept. 30, 2011.  Maire B. Corcoran,
Esq., Robert J. Keach, Esq., Jessica A. Lewis, Esq., and Jennifer
Rood, Esq., at Berstein, Shur, Sawyer & Nelson, serve as counsel
to the Debtors.  Donnelly Penman & Partners serves as its
investment banker.  In its schedules, the Debtor disclosed
$10,134,679 in assets, and $24,534,973 in liabilities as of the
petition date.

William K. Harrington, the U.S. Trustee for Region 1, appointed
five members to serve on the Official Committee of Unsecured
Creditors.  Steven C. Reingold, Esq., at Jager Smith P.C.,
represents the Official Committee of Unsecured Creditors as
counsel.


LDK SOLAR: To Release Second Quarter Results Today
--------------------------------------------------
LDK Solar Co., Ltd., will report financial results for the second
quarter ended June 30, 2013, before the market opens on Tuesday,
Aug. 27, 2013.  The company will host a corresponding conference
call and live webcast at 8:00 a.m. Eastern Time (ET) the same day.

To listen to the live conference call, please dial 1-877-941-2068
(within U.S.) or 1-480-629-9712 (outside U.S.) at 8:00 a.m. ET on
Aug. 27, 2013.  An audio replay of the call will be available
through Sept. 6, 2013, by dialing 800-406-7325 (within U.S.) or
303-590-3030 (outside U.S.) and entering the pass code 4635695#.

A live webcast of the call will be available on the Company's
investor relations website at http://investor.ldksolar.com.

                           About LDK Solar

LDK Solar Co., Ltd. -- http://www.ldksolar.com-- based in Hi-
Tech Industrial Park, Xinyu City, Jiangxi Province, People's
Republic of China, is a vertically integrated manufacturer of
photovoltaic products, including high-quality and low-cost
polysilicon, solar wafers, cells, modules, systems, power
projects and solutions.

LDK Solar was incorporated in the Cayman Islands on May 1, 2006,
by LDK New Energy, a British Virgin Islands company wholly owned
by Xiaofeng Peng, LDK's founder, chairman and chief executive
officer, to acquire all of the equity interests in Jiangxi LDK
Solar from Suzhou Liouxin Industry Co., Ltd., and Liouxin
Industrial Limited.

LDK Solar Co disclosed a net loss of $1.05 billion on $862.88
million of net sales for the year ended Dec. 31, 2012, as compared
with a net loss of $608.95 million on $2.15 billion of net sales
for the year ended Dec. 31, 2011.  As of March 31, 2013, the
Company had $4.99 billion in total assets, $5.29 billion in total
liabilities, $356.60 million in redeemable non-controlling
interests and a $660.58 million total deficit.

KPMG, in Hong Kong, China, issued a "going concern" qualification
on the consolidated financial statements for the year ended
Dec. 31, 2012.  The independent auditors noted that the Group has
a net working capital deficit and a deficit in total equity as of
Dec. 31, 2012, and is restricted from incurring additional
indebtedness as it has not met a financial covenant ratio as
defined in the indenture governing the RMB-denominated US$-settled
senior notes.  These conditions raise substantial doubt about the
Group's ability to continue as a going concern.


LEE'S FORD: Seeks $500,000 in DIP Loans from Community Trust Bank
-----------------------------------------------------------------
Lee's Ford Dock, Inc., et al., ask the U.S. Bankruptcy Court for
the Eastern District of Kentucky for authorization to obtain
first-priority secured postpetition financing in the form of a
$500,000 revolving line of credit from Community Trust Bank, Inc.

In exchange for its agreement to provide the DIP Loan to Lee's
Ford Dock, the DIP Lender requires that the remaining Debtors, the
Hamilton Revocable Trust (which is the sole member of Hamilton
Capital and Hamilton Brokerage), and James D. Hamilton (the
Trustee of the Trust), individually, all guarantee the DIP Loan.
Further, the liens of the DIP Lender on the DIP Loan Collateral
will be first-priority priming liens, superior to any and all
prior liens of Branch Banking and Trust Company and the U.S. Small
Business Administration on the DIP Loan Collateral.

The DIP Loan will bear interest at the Wall Street Journal Prime
Rate, adjusted daily, with a floor of 5.75%.  Interest on the
outstanding balance of the DIP Loan will be due monthly, and all
outstanding principal and interest will be due at maturity, which
is twelve months from the issuance of the DIP Loan.  The non-
refundable origination fee for obtaining the DIP Loan is $5,000.
Other fees and costs relating to the DIP Loan are estimated to be
$18,000, for total fees and costs associated with obtaining the
DIP Loan of approximately $23,000.

According to papers filed with the Court on August 22, based on
the appraisals obtained in July 2013 by the DIP Lender, the
Debtors' assets have a total value of $15,755,000.  "The
prepetition amounts of the secured claims of BB&T and the SBA
total approximately $9.26 million.  Thus, even with the addition
of the $500,000 DIP Loan, there is equity of more than
$5.9 million in the Debtors' assets.  The Debtors submit that this
substantial equity cushion provides BB&T and the SBA with the
adequate protection required by 11 U.S.C. Section 364(d)(1)(B)."

"To the extent approved in subsequent cash collateral budgets, the
Debtors will continue paying BB&T adequate protection payments of
$15,000 per month until the Plan is confirmed, as they have
throughout these bankruptcy cases, which provides additional
adequate protection," the Debtors tell the Court.  "The Debtors'
timely payments of these monthly adequate protection amounts
towards BB&T's senior lien will continue to adequately protect the
interests of the SBA's junior lien."

Tthe DIP Financing Motion is scheduled to be heard by the Court on
Wednesday, Sept. 25, 2013, at 9:30 a.m.

Counsel for the Debtors and Debtors in Possession can be reached
at:

     Amelia Martin Adams, Esq.
     Laura Day DelCotto, Esq.
     DELCOTTO LAW GROUP PLLC
     200 North Upper Street
     Lexington, KY 40507
     Tel: (859) 231-5800
     Fax: (859) 281-1179
     E-mail: aadams@dlgfirm.com
             ldelcotto@dlgfirm.com

                        About Lee's Ford

Lee's Ford Dock Inc., Hamilton Brokerage LLC, Hamilton Capital
LLC, Lee's Ford Hotels LLC, Lee's Ford Woods LLC, and Top Shelf
Marine Sales Inc., filed for Chapter 11 bankruptcy (Bankr. E.D.
Ky. Case Nos. 12-60818 to 12-60823) on July 4, 2008.  The Debtors
collectively operate as "Lee's Ford Resort & Marina" --
http://www.leesfordmarina.com/-- which consists of a boat dock,
lodging facilities, the Harbor Restaurant & Tavern, a retail
store, and a boat brokerage business and Web site located at
http://www.buyaboat.neton Lake Cumberland in Nancy, Kentucky.

Hamilton Brokerage LLC and Hamilton Capital LLC are not actively
involved in the Debtors' operations, but are holding companies set
up as part of the structure of the original purchase transactions
which began in 2003.

The Debtors' revenues were adversely impacted by the lowering of
the water level of Lake Cumberland in January 2007 to allow for
repairs to Wolf Creek Dam.  The Debtors were forced to incur
extraordinary costs to relocate the Dock and related facilities in
accordance with the new water level.

Attorneys at DelCotto Law Group PLLC, in Lexington, Ky., serve as
the Debtors' counsel.  The Debtor disclosed $21,225,899 in assets
and $13,339,745 in liabilities as of the Chapter 11 filing.  The
petition was signed by James D. Hamilton, president.  Mr. Hamilton
has been designated as the individual responsible for performing
the duties of the Debtors.

Smith, Currie & Hancock LLP serves as special counsel to advise
and assist the Debtor in connection with its pursuit of claims
against the U.S. Army Corps of Engineers.  Venters Law Office
serves as special counsel to advise and assist the Debtor in
connection with the prosecution and defense of general litigation
matters, including the collection of unpaid boat slip rental fees,
and any other specific matters in connection therewith.

The U.S. Trustee has said an official committee has not been
appointed in the bankruptcy case of Lee's Ford Dock Inc. because
an insufficient number of persons holding unsecured claims against
the Debtor have expressed interest in serving on a committee.


LEE'S FORD: Chapter 11 Plan Offers Payment within 5 Years
---------------------------------------------------------
Lee's Ford Dock, Inc., et al., have a bankruptcy exit plan that
contemplates the continued business operations of the Debtors and
the payment of all allowed claims to the extent possible over a
period of time from future income and revenue.

All claims other than secured Claims will be paid to the greatest
extent possible within five years, according to the disclosure
statement for the Debtors' proposed Chapter 11 Joint Plan of
Reorganization, dated Aug. 22, 2013.

"As the greatest contributing factor to the Debtors' financial
distress is the lowering of Lake Cumberland, the Debtors have
structured the Plan and their obligations thereunder around the
anticipated return of the Lake to normal levels in summer 2014,"
the Debtors said.

The Plan provides that the Allowed Secured Claims of Branch
Banking & Trust Company in Class 1 will be repaid through regular
monthly principal and interest payments, amortized over 30 years
at an interest rate of 4.25%, with the entire claim to be repaid
in full on or before Aug. 31, 2025, which is the end of the
current term of the Corps Lease, with no prepayment penalties.

Payments on the Class 1 Claims will begin on the 10th day of the
month following the Effective Date and will continue to become due
on the 10th day of the month thereafter until the Class 1 Claims
are paid in full on or before Aug. 31, 2025.  The Plan provides
that the Class 1 Claims will be paid monthly payments of "interest
only" beginning in the month following the Effective Date and
continuing through November 2015.  Thereafter, the Plan states
that beginning in December 2015, BB&T will be paid combined
monthly payments of principal and interest until the Class 1
Claims are paid in full.

The Plan provides that the Allowed Secured Claims of the U.S.
Small Business Administration in Class 2 will be repaid through
regular monthly principal and interest payments, amortized over
thirty (30) years at an interest rate of 4.00%, with the entire
then-outstanding balance of the Class 2 Claims to become due on
Sept. 24, 2037, with no prepayment penalties.

Payments on the Class 2 Claims will begin on the 24th day of the
month following the Effective Date and will continue to become due
on the 24th day of the month thereafter until the Class 2 Claims
are paid in full.  The Plan provides that the SBA will receive
$1,000 per year on account of the Class 2 Claims for the first 2
years following the Effective Date, with the first payment to be
made on the 20th day of the month following the Effective Date and
the subsequent payments to come due on the same date in the
following year.

Following the initial $1,000 per year period, beginning in
December 2015, the Plan states that the SBA shall receive combined
monthly payments of principal and interest in the amount of
$20,833 until the Class 2 Claims are paid in full, with a final
payment of all then-outstanding principal and interest coming due
on Sept. 24, 2037.

Each holder of an Allowed Unsecured Claims in Class 6, except as
otherwise set forth in the Disclosure Statement, will receive
distributions equal to the full Allowed amount of its Claim within
12 months following the Effective Date.

As set forth in the Plan, Class 8 Claimants holding Equity
Interests in the Debtors will remain otherwise unimpaired by
confirmation of the Debtors' Plan, so long as the Plan is approved
by the Bankruptcy Court and in accordance with the Bankruptcy
Code.  Except as otherwise set forth in the disclosure statement,
there will be no dividends, distributions, or any other payments
to or on account of the Interests until all Allowed Claims have
been paid in full.

A copy of the Disclosure Statement is available at:

           http://bankrupt.com/misc/lee'sford.doc271.pdf

Counsel for the Debtors and Debtors in Possession can be reached
at:

         Amelia Martin Adams, Esq.
         Laura Day DelCotto, Esq.
         DELCOTTO LAW GROUP PLLC
         200 North Upper Street
         Lexington, KY 40507
         Tel: (859) 231-5800
         Fax: (859) 281-1179
         E-mail: aadams@dlgfirm.com
                 ldelcotto@dlgfirm.com

                        About Lee's Ford

Lee's Ford Dock Inc., Hamilton Brokerage LLC, Hamilton Capital
LLC, Lee's Ford Hotels LLC, Lee's Ford Woods LLC, and Top Shelf
Marine Sales Inc., filed for Chapter 11 bankruptcy (Bankr. E.D.
Ky. Case Nos. 12-60818 to 12-60823) on July 4, 2008.  The Debtors
collectively operate as "Lee's Ford Resort & Marina" --
http://www.leesfordmarina.com/-- which consists of a boat dock,
lodging facilities, the Harbor Restaurant & Tavern, a retail
store, and a boat brokerage business and Web site located at
http://www.buyaboat.neton Lake Cumberland in Nancy, Kentucky.

Hamilton Brokerage LLC and Hamilton Capital LLC are not actively
involved in the Debtors' operations, but are holding companies set
up as part of the structure of the original purchase transactions
which began in 2003.

The Debtors' revenues were adversely impacted by the lowering of
the water level of Lake Cumberland in January 2007 to allow for
repairs to Wolf Creek Dam.  The Debtors were forced to incur
extraordinary costs to relocate the Dock and related facilities in
accordance with the new water level.

Attorneys at DelCotto Law Group PLLC, in Lexington, Ky., serve as
the Debtors' counsel.  The Debtor disclosed $21,225,899 in assets
and $13,339,745 in liabilities as of the Chapter 11 filing.  The
petition was signed by James D. Hamilton, president.  Mr. Hamilton
has been designated as the individual responsible for performing
the duties of the Debtors.

Smith, Currie & Hancock LLP serves as special counsel to advise
and assist the Debtor in connection with its pursuit of claims
against the U.S. Army Corps of Engineers.  Venters Law Office
serves as special counsel to advise and assist the Debtor in
connection with the prosecution and defense of general litigation
matters, including the collection of unpaid boat slip rental fees,
and any other specific matters in connection therewith.

The U.S. Trustee has said an official committee has not been
appointed in the bankruptcy case of Lee's Ford Dock Inc. because
an insufficient number of persons holding unsecured claims against
the Debtor have expressed interest in serving on a committee.


LEHMAN BROTHERS: Sues German Entities to Recover $134MM Transfer
----------------------------------------------------------------
Law360 reported that Lehman Brothers Holdings Inc. filed suit
against two German entities in New York bankruptcy court in an
effort to recover $134 million in collateral the bank transferred
to them just days before its historic 2008 bankruptcy filing,
saying the transfer was unjustifiable.

According to the  report, Lehman targeted the nonprofit Klaus
Tschira Foundation and investment firm Dr. HC Tschira Beteiligungs
GmbH & Co. KG, seeking the return of 100 million euros (about
US$134 million) that the bank transferred to the entities as
additional collateral one business day before it filed for Chapter
11 bankruptcy protection.

                       About Lehman Brothers

Lehman Brothers Holdings Inc. -- http://www.lehman.com/-- was
the fourth largest investment bank in the United States.  For
more than 150 years, Lehman Brothers has been a leader in the
global financial markets by serving the financial needs of
corporations, governmental units, institutional clients and
individuals worldwide.

Lehman Brothers filed for Chapter 11 bankruptcy (Bankr. S.D.N.Y.
Case No. 08-13555) on Sept. 15, 2008.  Lehman's bankruptcy
petition disclosed US$639 billion in assets and US$613 billion in
debts, effectively making the firm's bankruptcy filing the
largest in U.S. history.  Several other affiliates followed
thereafter.

Affiliates Merit LLC, LB Somerset LLC and LB Preferred Somerset
LLC sought for bankruptcy protection in December 2009.

The Debtors' bankruptcy cases are handled by Judge James M. Peck.
Harvey R. Miller, Esq., Richard P. Krasnow, Esq., Lori R. Fife,
Esq., Shai Y. Waisman, Esq., and Jacqueline Marcus, Esq., at
Weil, Gotshal & Manges, LLP, in New York, represent Lehman.  Epiq
Bankruptcy Solutions serves as claims and noticing agent.

Dennis F. Dunne, Esq., Evan Fleck, Esq., and Dennis O'Donnell,
Esq., at Milbank, Tweed, Hadley & McCloy LLP, in New York, serve
as counsel to the Official Committee of Unsecured Creditors.
Houlihan Lokey Howard & Zukin Capital, Inc., is the Committee's
investment banker.

On Sept. 19, 2008, the Honorable Gerard E. Lynch of the U.S.
District Court for the Southern District of New York, entered an
order commencing liquidation of Lehman Brothers, Inc., pursuant
to the provisions of the Securities Investor Protection Act (Case
No. 08-CIV-8119 (GEL)).  James W. Giddens has been appointed as
trustee for the SIPA liquidation of the business of LBI.

The Bankruptcy Court approved Barclays Bank Plc's purchase of
Lehman Brothers' North American investment banking and capital
markets operations and supporting infrastructure for US$1.75
billion.  Nomura Holdings Inc., the largest brokerage house in
Japan, purchased LBHI's operations in Europe for US$2 plus the
retention of most of employees.  Nomura also bought Lehman's
operations in the Asia Pacific for US$225 million.

Lehman emerged from bankruptcy protection on March 6, 2012, more
than three years after it filed the largest bankruptcy in U.S.
history.  The Chapter 11 plan for the Lehman companies other than
the broker was confirmed in December 2011.

Lehman made its first payment of $22.5 billion to creditors in
April 2012, a second payment of $10.2 billion on Oct. 1, 2012, and
a third distribution of $14.2 billion on April 4, 2013.  The
brokerage is yet to make a first distribution to non-customers,
although customers are being paid in full.

Bankruptcy Creditors' Service, Inc., publishes Lehman Brothers
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
undertaken by Lehman Brothers Holdings, Inc., and other
insolvency and bankruptcy proceedings undertaken by its
affiliates.


LIBERATOR INC: Extends Maturity of Convertible Note to 2014
-----------------------------------------------------------
Liberator, Inc., on Aug. 15, 2013, reached an agreement with the
holder of the 3 percent Convertible Promissory Note dated June 24,
2009, as amended, to extend the maturity date to Aug. 15, 2014,
and amend the Conversion Price, as defined under the note, to
$.125.  A copy of Amendment No. 2 to the 3 percent Convertible
Promissory Note is available for free at http://is.gd/kSj9c7

                       About Liberator Inc.

Atlanta, Georgia-based Liberator is a vertically integrated
manufacturer that designs, develops and markets products and
accessories that enhance intimacy.  Liberator is also a nationally
recognized brand trademark, brand category and a patented line of
products commonly referred to as sexual positioning shapes and sex
furniture.

The Company reported a net loss of $782,417 fiscal 2012, compared
with a net loss of $801,252 in fiscal 2011.  The Company's balance
sheet at March 31, 2013, showed $3.35 million in total assets,
$4.71 million in total liabilities and a $1.36 million total
stockholders' deficit.

Webb & Company, P.A., in Boynton Beach, Fla., expressed
substantial doubt about Liberator's ability to continue as a going
concern following the fiscal 2012 financial results.  The
independent auditors noted that the Company has a net loss of
$782,417, a working capital deficiency of $1.6 million, an
accumulated deficit of $7.8 million, and negative cash flow from
continuing operations of $464,800.


LIME ENERGY: Delays Form 10-Q for Second Quarter
------------------------------------------------
Lime Energy Co. was unable to file its Form 10-Q for the quarter
ended June 30, 2013, by the Aug. 14, 2013, due date because all of
the Company's resources and the resources of its independent
auditors have been focused on completing the annual report on 10-K
for the year ended Dec. 31, 2012, which the Company filed on
July 31, 2013, and the Company's quarterly report on Form 10-Q for
the quarter ended March 31, 2013, which was filed on Aug. 9, 2013.
The Company is currently working on completing its quarterly
report for the quarter ended June 30, 2013, and expects to file it
by the extended due date of Aug. 19, 2013.

Headquartered in Huntersville, North Carolina, Lime Energy Co. --
http://www.lime-energy.com-- is engaged in planning and
delivering clean energy solutions that assist its clients in their
energy efficiency and renewable energy goals.  The Company's
solutions include energy efficient lighting upgrades, energy
efficient mechanical and electrical retrofit and upgrade services,
water conservation, building weatherization, on-site generation
and renewable energy project development and implementation.  The
Company provides energy solutions across a range of facilities,
from high-rise office buildings, distribution facilities,
manufacturing plants, retail sites, multi-tenant residential
buildings, mixed use complexes, hospitals, colleges and
universities, government sites to small, single tenant facilities.


LMI AEROSPACE: Moody's Retains 'B1' Corp. Family Rating
-------------------------------------------------------
Moody's Investors Service has revised LMI Aerospace Inc.'s
speculative grade liquidity rating to SGL-3 from SGL-2 reflecting
LMIA's greater than expected reliance on its revolver due to
ongoing consumption of cash for working capital investment,
elevated capital spending and the under performance of the
recently acquired Valent operations. LMIA's B1 Corporate Family
Rating, B2-PD probability of default rating and B1 rating on its
$125 million revolver and $225 million term loan are unaffected at
this time. The outlook remains stable.

Ratings Rationale:

The SGL-3 speculative grade liquidity rating incorporates Moody's
view that free cash flow will be negative in 2013, with the second
half of the year and 2014 becoming modestly positive. Moody's
expects revolver usage to continue for the next twelve months but
to begin declining starting in the fourth quarter of 2013.
Progress on its efforts to integrate Valent, the unwinding of
investments in working capital, and the continued growth in the
Aerostructures business should drive an improvement in cash
generation during this timeframe.

LMIA's recent execution of the second amendment to its senior
credit facilities resets covenant levels to reflect a more
tempered deleveraging following its acquisition of Valent earlier
this year than initially anticipated. Moody's views this action
positively as it will likely provide LMIA with needed access to
its revolver by eliminating covenant step-downs scheduled to start
in the fourth quarter of 2013.

LMIA's revision of its 2013 earnings guidance in recent weeks is
meaningful and reflects weaker than anticipated performance across
all of its business lines. The CFR and stable outlook anticipates
that LMIA will work through its initial integration issues at
Valent and other operating issues and that its exposure to both
key Boeing and Gulfsteam platforms provide meaningful long term
growth prospects. While credit metrics will remain weak longer
than expected and liquidity has deteriorated somewhat, Moody's
expects LMIA to reduce debt levels and grow both top and bottom
lines over the next twelve to eighteen months.

The principal methodology used in this rating was the Global
Aerospace and Defense Industry Methodology published in June 2010.
Other methodologies used include Loss Given Default for
Speculative-Grade Non-Financial Companies in the U.S., Canada and
EMEA published in June 2009.

LMI Aerospace, Inc., headquartered in St. Charles, Mo., is a
provider of design engineering services and supplier of structural
assemblies, kits, and components to aerospace and defense markets.
On December 28, 2012, LMIA completed the acquisition of Valent
Aerostructures, LLC for roughly $246 million, including assumed
debt. The acquisition was primarily funded with proceeds from the
$225 million term loan and $15 million of equity issued to Valent
owners. Valent is a provider of complex structural components,
major sub-assemblies and machined parts for OEM and Tier 1
airframe manufacturers. LMIA's revenues for 2013 are expected to
exceed $400 million.


LPATH INC: Offering $40 Million Class A Shares
----------------------------------------------
Lpath, Inc., is offering up to $40,000,000 of its Class A common
stock, warrants and units.  The Company's Class A common stock is
listed on The Nasdaq Capital Market under the symbol "LPTN."  On
Aug. 14, 2013, the last reported sale price for the Company's
Class A common stock was $5.92 per share.  A copy of the Form S-3
prospectus is available for free at http://is.gd/5fP4da

                          About Lpath, Inc.

San Diego, Calif.-based Lpath, Inc. is a biotechnology company
focused on the discovery and development of lipidomic-based
therapeutics, an emerging field of medical science whereby
bioactive lipids are targeted to treat human diseases.

Lpath disclosed a net loss of $2.75 million in 2012, as compared
with a net loss of $3.11 million in 2011.  The Company's balance
sheet at March 31, 2013, showed $23.04 million in total assets,
$9.17 million in total liabilities and $13.87 million in total
stockholders' equity.


MACROSOLVE INC: Hood & Associates Quits Due to Limited Staffing
---------------------------------------------------------------
MacroSolve, Inc., received notice of the resignation of Hood &
Associates, CPAs, P.C., as its independent registered public
accounting firm.  Hood's resignation resulted from staffing
considerations that resulted in Hood being unable to provide a
concurring partner for review of the Company's financial
statements.

The reports of Hood on the Company's financial statements for each
of the past two fiscal years contained no adverse opinion or a
disclaimer of opinion and were not qualified or modified as to
uncertainty, audit scope or accounting principles, except as that
the reports of Hood for the fiscal year ended Dec. 31, 2011,
indicated conditions which raised substantial doubt about the
Company's ability to continue as a going concern.

During the Company's two most recent fiscal years and through
Aug. 15, 2013, the Company has had no disagreements with Hood on
any matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedure, which
disagreements, if not resolved to the satisfaction of Hood, would
have caused it to make reference to the subject matter of those
disagreements in its report on the Company's financial statements
for those periods.

As a result of the resignation, the Company is currently unable to
file the quarterly report on Form 10-Q.  The Company undertakes
the responsibility to file that quarterly report no later than
five days after its original due date.

                       About MacroSolve, Inc.

Tulsa, Okla.-based MacroSolve, Inc. (OTC BB: MCVE)
-- http://www.macrosolve.com/-- is a technology and services
company that develops mobile solutions for businesses and
government.  A mobile solution is typically the combination of
mobile handheld devices, wireless connectivity, and software that
streamlines business operations resulting in improved efficiencies
and cost savings.

Macrosolve incurred a net loss of $1.77 million in 2012, as
compared with a net loss of $2.53 million in 2011.  The Company's
balance sheet at March 31, 2013, showed $1.91 million in total
assets, $1.07 million in total liabilities and $846,954 in total
stockholders' equity.


MARINA BIOTECH: Assigns UNA Technology to Arcturus
--------------------------------------------------
Marina Biotech, Inc., has assigned its Unlocked Nucleobase Analog
(UNA) technology to Arcturus Therapeutics, Inc.  Under terms of
the Agreement, Marina Biotech will retain a non-exclusive license
to the technology which will permit it to continue to provide the
broadest nucleic acid drug discovery capability in the industry.
Financial terms of the agreement were not disclosed.

"We are pleased to enter into this agreement with Arcturus,"
stated J. Michael French, president and chief executive officer of
Marina Biotech.  "The execution of this Agreement provides Marina
with non-dilutive capital and allows us to continue to utilize
this important technology in our broad nucleic acid-based drug
discovery platform.  This deal continues to validate the
importance and value of our comprehensive intellectual property
portfolio.  Since February 2009, we have been successful in
monetizing this portfolio by bringing in over $17 MM in non-
dilutive capital.  Since we retain non-exclusive rights to the UNA
technology, we have maintained the ability to utilize our
intellectual property estate to protect novel single and double-
stranded, nucleic acid-based compounds for our own internal
programs as well as the programs of potential partners.  I fully
expect to continue leveraging our technologies as we pursue drug
discovery collaborations with pharma partners."

In addition, Marina Biotech announced that the U.S. Patent and
Trademark Office (USPTO) has issued two patents and allowed the
claims of another which cover significant advances in the
Company's technology for the delivery of nucleic acid-based
therapeutics.  First, the USPTO has issued United States Patent
8,501,824.  The US '824 patent expands protection to the Company's
Histidine-containing Di-alkylated Amino Acid (DiLA2) liposomal
delivery technology.  The claims of this patent broadly cover the
composition of matter and uses of new His-DiLA2 molecules for
delivery of nucleic acid-based therapeutics to control gene
expression.  The His-DiLA2 molecules utilize a Histidine component
to enhance transfection efficiency as well as endosomal escape.
The versatility of the DiLA2 platform provides for a rapid and
scientifically robust process for improving the delivery
characteristics of novel formulations to meet specific
requirements for a particular therapeutic application, i.e.,
administration via systemic or local delivery.  The Company's
preclinical effort in bladder cancer utilizes the DiLA2 delivery
technology.

The USPTO has issued United States Patent 8,299,236 and the
European Patent Office (EPO) recently mailed an Intention to Grant
in EP 09169659.1.  The US '236 patent and EP '659.1 patent
application expands protection to the Company's delivery-enhancing
peptide technology to include protection for compositions
comprising delivery-enhancing polypeptides and nucleic acids,
including double-stranded RNA (dsRNA).  These compositions are
active in RNA interference (RNAi) and have been shown to exhibit
surprisingly robust delivery of nucleic acid to cells and
correspondingly enhanced knockdown of target mRNA levels, as
compared to previously-described peptide-based nucleic acid
delivery technologies.  In addition, the Chinese Patent Office
(CPO) has issued CN Patent 101331231, which provides further
protection to the Company's nucleic acid delivery technologies by
granting claims to dsRNA-peptide condensate particles, which
exhibit great potential as effective delivery modalities for a
wide variety of nucleic acid-based therapeutics, including
therapies employing RNAi.  The Company's peptide-based nucleic
acid delivery technologies provide a basis for the advancement of
both novel oligonucleotide compositions, such as siRNA and
microRNA, and longer sequence messenger RNA; as well as varied
routes of administration for nucleic acid-based therapeutics such
as subcutaneous injection.

Finally, the USPTO has allowed the claims in United States Patent
Application No. 13/291,650.  The US '650 patent application
extends protection of Marina Biotech's SMARTICLES(R) technology
for the delivery of nucleic acid-based therapeutics to the
Company's Conjugated Amphoteric-Amphiphilic liposomal delivery
technology.  The allowed claims broadly cover the composition of
matter and uses of novel Conjugated Amphoteric-Amphiphilic systems
for delivery of nucleic acid-based therapeutics to control gene
expression.  The Conjugated Amphoteric-Amphiphilic platform
encompasses a tunable isoelectric point to provide delivery
formulations with both enhanced cellular permeability as well as
pH-dependent endosomal release of nucleic acid cargoes.  The
SMARTICLES technology is being used by licensee Mirna Therapeutics
for MRX34 which is currently in a Phase 1 clinical study.  The
Phase 1 trial is being conducted in patients with unresectable
primary liver cancer or metastatic cancer with liver involvement.
MRX34 is the first miRNA to advance into human clinical trials for
cancer.  The SMARTICLES technology is also being used by licensee
ProNAi Therapeutics for PNT2258, an anti-Bcl-2 cancer drug which
completed Phase 1 clinical testing in 2012.  PNT2258 targets Bcl-
2-driven tumors such as diffuse large B-cell lymphoma, follicular
lymphoma and chronic lymphocytic leukemia.  ProNAi Therapeutics
reported statistically significant, dose-dependent, and specific
knockdown of the Bcl-2 gene with suppression of protein levels up
to 60 percent.  Patients received the drug for extended periods of
time without having material side effects as seen with other anti-
Bcl-2 drugs or nucleic acid cancer drugs in development.

"We are pleased to see that the USPTO continues to recognize the
novelty of our proprietary technologies for the delivery of
nucleic acid-based therapeutics," stated Mr. French.  "These are
important extensions of our patent estate and provide us further
opportunity to pursue a full-scale, structure-based development
program for oligonucleotide therapeutic candidates.  Specifically,
we can pursue any number of amphoteric head-groups linked to an
amphiphilic structure to create novel delivery formulations.  In
addition, we can utilize a number of peptide-based technologies to
deliver large oligonucleotide cargoes such as messenger RNA as
well as to develop formulations for subcutaneous injection.  These
patents continue to support our broad drug discovery engine for
the development of both single and double-stranded nucleic acid-
based therapeutics."

Marina Biotech also announced that the Company has amended and
extended the Company's secured loan such that, among other things,
the maturity date of the secured loan was extended to March 31,
2014.

"We are encouraged by the growing interest in our nucleic acid-
based drug discovery platform and stand-alone technologies; as
well as the continued advancement of our intellectual property
estate," continued Mr. French.  "The Arcturus deal along with the
extension of our secured note provides us additional runway to
pursue both collaboration transactions and financing opportunities
in order to fund our operations and advance our clinical and
preclinical programs.  To the extent that sufficient funding,
either through a partnership or a financing, becomes available we
anticipate securing an appropriate facility, in Cambridge, MA, to
support our R&D and collaboration efforts.  We have, for some
time, looked at the opportunities in Cambridge and feel that it is
the most appropriate location to establish our R&D operations due
to the availability of scientific talent, close proximity to
potential pharma partners and ready access to institutional
investors.  We hope to secure funding to reestablish our
operations in the Cambridge area by the end of 2013.  In addition,
given sufficient funding, we would restart our Phase 1b/2a
clinical program in Familial Adenomatous Polyposis in the first
quarter of 2014.  While there are still hurdles on our path
forward, our team remains focused and dedicated to our
stakeholders and to the development of unique nucleic acid-based
therapeutics for the treatment of human disease."

Sixth Amendment of Secured Notes

On Aug. 9, 2013, the Company entered into a Sixth Amendment to
that certain Note and Warrant Purchase Agreement originally dated
as of Feb. 10, 2012, among certain purchasers, the Company, MDRNA
Research, Inc., a wholly-owned subsidiary of the Company, and
Cequent Pharmaceuticals, Inc., a wholly-owned subsidiary of the
Company, and the 15 percent secured promissory notes that the
Company issued to the Purchasers pursuant thereto.  In the Sixth
Amendment, the Companies and the Purchasers agreed, among other
things, to extend the maturity date of the Notes from April 30,
2013, to March 31, 2014.

As consideration for the Sixth Amendment, the Company agreed to
issue to the Purchasers warrants to purchase up to 4,000,000
shares of Common Stock.  The Warrants will have an initial
exercise price of $0.28 per share (which is subject to
adjustment), will be exercisable for a period of five years
beginning six months and one day following the issuance of the
Warrants, and otherwise have substantially the same terms and
conditions as the warrants that were issued to the Purchasers upon
the closing of the Note Purchase Agreement.

                        About Marina Biotech

Marina Biotech, Inc., headquartered in Bothell, Washington, is a
biotechnology company focused on the discovery, development and
commercialization of nucleic acid-based therapies utilizing gene
silencing approaches such as RNA interference ("RNAi") and
blocking messenger RNA ("mRNA") translation.  The Company's goal
is to improve human health through the development, either through
its own efforts or those of its collaboration partners and
licensees, of these nucleic acid-based therapeutics as well as the
delivery technologies that together provide superior treatment
options for patients.  The Company has multiple proprietary
technologies integrated into a broad nucleic acid-based drug
discovery platform, with the capability to deliver novel nucleic
acid-based therapeutics via systemic, local and oral
administration to target a wide range of human diseases, based on
the unique characteristics of the cells and organs involved in
each disease.

On June 1, 2012, the Company announced that, due to its financial
condition, it had implemented a furlough of approximately 90% of
its employees and ceased substantially all day-to-day operations.
Since that time substantially all of the furloughed employees have
been terminated.  As of Sept. 30, 2012, the Company had
approximately 11 remaining employees, including all of its
executive officers, all of whom are either furloughed or working
on reduced salary.  As a result, since June 1, 2012, its internal
research and development efforts have been minimal, pending
receipt of adequate funding.

KPMG LLP, in Seattle, expressed substantial doubt about Marina
Biotech's ability to continue as a going concern following the
2011 financial results.  The independent auditors noted that the
Company has ceased substantially all day-to-day operations,
including most research and development activities, has incurred
recurring losses, has a working capital and accumulated deficit
and has had recurring negative cash flows from operations.

The Company reported a net loss of $29.42 million in 2011,
compared with a net loss of $27.75 million in 2010.  The Company's
balance sheet at Sept. 30, 2012, showed $8.01 million in total
assets, $10.36 million in total liabilities and a $2.35 million
total stockholders' deficit.

"The market value and the volatility of our stock price, as well
as general market conditions and our current financial condition,
could make it difficult for us to complete a financing or
collaboration transaction on favorable terms, or at all.  Any
financing we obtain may further dilute the ownership interest of
our current stockholders, which dilution could be substantial, or
provide new stockholders with superior rights than those possessed
by our current stockholders.  If we are unable to obtain
additional capital when required, and in the amounts required, we
may be forced to modify, delay or abandon some or all of our
programs, or to discontinue operations altogether.  Additionally,
any collaboration may require us to relinquish rights to our
technologies.  These factors, among others, raise substantial
doubt about our ability to continue as a going concern."

"Although we have ceased substantially all of our day-to-day
operations and terminated substantially all of our employees, our
cash and other sources of liquidity may only be sufficient to fund
our limited operations until the end of 2012.  We will require
substantial additional funding in the immediate future to continue
our operations.  If additional capital is not available, we may
have to curtail or cease operations, or take other actions that
could adversely impact our shareholders," the Company said in its
quarterly report for the period ended Sept. 30, 2012.


METEX MANUFACTURING: Needs More Time for Another Asbestos Plan
--------------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Metex Manufacturing Corp., named Kentile Floors Inc.
during the first bankruptcy reorganization, is seeking a second
enlargement of the exclusive right to propose another Chapter 11
plan dealing with asbestos claims.

Metex filed for Chapter 11 protection in November and was given a
prior extension of so-called exclusivity. If the second request is
granted by the court at a Sept. 12 hearing, the deadline will be
pushed out by four months to Jan. 21.

The report discloses that the company, as it said in the first
exclusivity motion, again recited how it has been providing
information to the official creditors' committee and the official
representative of future asbestos claimants.

                           About Metex

Great Neck, New York-based Metex Mfg. Corporation, formerly known
as Kentile Floors, Inc., started business in the late 1800's as a
manufacturer of cork tile, and thereafter progressed to making
composite tile for commercial and residential use.

Metex filed for Chapter 11 bankruptcy protection (Bankr. S.D.N.Y.
Case No. 12-14554) on Nov. 9, 2012.  The petition was signed by
Anthony J. Miceli, president.  The Debtor estimated its assets and
debts at $100 million to $500 million.  Judge Burton R. Lifland
presides over the case.

Affiliate Kentile Floors, Inc., filed a separate Chapter 11
petition (Bankr. S.D.N.Y. Case No. 92-46466) on Nov. 20, 1992.


MF GLOBAL: Escapes Warn Act Liability Completely
------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that neither MF Global Holdings Ltd. nor any of its
subsidiaries will be liable to workers fired after the brokerage
and its parent filed their separate bankruptcies in October 2011,
as the result of a ruling on Aug. 23 by the bankruptcy court in
New York.

The report recounts that several class suits were filed for
violation of Warn Acts requiring 60 days' notice of mass firings.
The trustee for the brokerage subsidiary under the Securities
Investor Protection Act and the separate Chapter 11 trustee for
the parent holding company both filed papers arguing that the
suits should be dismissed entirely.  In October, U.S. Bankruptcy
Judge Martin Glenn concluded that the trustee for the brokerage
was entitled to dismissal of the suits entirely because the
Securities Investor Protection Act only allows liquidation.  Not
so for the holding company, Judge Glenn said, because it was in
Chapter 11 where reorganization was possible.

According to the report, Judge Glenn dismissed the suit as to the
broker in view of case law saying there is no liability in
liquidation.  Judge Glenn allowed plaintiffs to revise the
complaint against the holding company's Chapter 11 trustee to add
allegations about whether the case is a liquidation or
reorganization.  He also directed the plaintiffs to identify which
MF Global company was the employer.

The plaintiffs never specified the MF Global companies that were
the employers.  Indeed, earlier in the suit, the plaintiffs said
they were employed by the broker, where there would be no Warn Act
liability.  Judge Glenn dismissed the remainder of the suit on
Aug. 23, concluding that not even the parent holding company could
be liable although it was in Chapter 11 reorganization where Warn
Act liability might attach.

The plaintiff relied on what's known as the single employer
doctrine to avoid having to specify the precise company that was
the employer.  Judge Glenn said the doctrine has never been used
when one of the entities is in bankruptcy.

Judge Glenn therefore threw out the suit entirely, meaning that no
employees will have claims for improper firings unless they appeal
and win.

The Warn suit is Thielmann v. MF Global Holdings Ltd. (In re MF
Global Holdings Ltd.), 11-02880, U.S. Bankruptcy Court, Southern
District New York (Manhattan).

                          About MF Global

New York-based MF Global -- http://www.mfglobal.com/-- was one of
the world's leading brokers of commodities and listed derivatives.
MF Global provides access to more than 70 exchanges around the
world.  The firm also was one of 22 primary dealers authorized to
trade U.S. government securities with the Federal Reserve Bank of
New York.  MF Global's roots go back nearly 230 years to a sugar
brokerage on the banks of the Thames River in London.

On Oct. 31, 2011, MF Global Holdings Ltd. and MF Global Finance
USA Inc. filed voluntary Chapter 11 petitions (Bankr. S.D.N.Y.
Case Nos. 11-15059 and 11-5058), after a planned sale to
Interactive Brokers Group collapsed.  As of Sept. 30, 2011, MF
Global had $41,046,594,000 in total assets and $39,683,915,000 in
total liabilities.

On Nov. 7, 2011, the United States Trustee appointed the statutory
creditors' committee in the Debtors' cases.  At the behest of the
Statutory Creditor's Committee, the Court directed the U.S.
Trustee to appoint a chapter 11 trustee.  On Nov. 28, 2011, the
Bankruptcy Court entered an order approving the appointment of
Louis J. Freeh, Esq., of Freeh Group International Solutions, LLC,
as Chapter 11 trustee.

On Dec. 19, 2011, MF Global Capital LLC, MF Global Market Services
LLC and MF Global FX Clear LLC filed voluntary Chapter 11
petitions (Bankr. S.D.N.Y. Case Nos. 11-15808, 11-15809 and
11-15810).  On Dec. 27, the Court entered an order installing Mr.
Freeh as Chapter 11 Trustee of the New Debtors.

On March 2, 2012, MF Global Holdings USA Inc. filed a voluntary
Chapter 11 petition (Bankr. S.D.N.Y. Case No. 12-10863), and Mr.
Freeh also was installed as its Chapter 11 Trustee.

Judge Honorable Martin Glenn presides over the Chapter 11 case.
J. Gregory Milmoe, Esq., Kenneth S. Ziman, Esq., and J. Eric
Ivester, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP, serve
as bankruptcy counsel.  The Garden City Group, Inc., serves as
claims and noticing agent.  The petition was signed by Bradley I.
Abelow, Executive Vice President and Chief Executive Officer of MF
Global Finance USA Inc.

The Chapter 11 Trustee has tapped (i) Freeh Sporkin & Sullivan
LLP, as investigative counsel; (ii) FTI Consulting Inc., as
restructuring advisors; (iii) Morrison & Foerster LLP, as
bankruptcy counsel; and (iv) Pepper Hamilton as special counsel.

The Official Committee of Unsecured Creditors has retained
Capstone Advisory Group LLC as financial advisor, while lawyers at
Proskauer Rose LLP serve as counsel.

The Securities Investor Protection Corporation commenced
liquidation proceedings against MF Global Inc. to protect
customers.  James W. Giddens was appointed as trustee pursuant to
the Securities Investor Protection Act.  He is a partner at Hughes
Hubbard & Reed LLP in New York.

Jon Corzine, the former New Jersey governor and co-CEO of
Goldman Sachs Group Inc., stepped down as chairman and chief
executive officer of MF Global just days after the bankruptcy
filing.

In April 2013, the Bankruptcy Court approved MF Global Holdings'
plan to liquidate its assets.


MI PUEBLO: Hires Bustamante as Counsel in Turlock Suit
------------------------------------------------------
Mi Pueblo San Jose, Inc., asks the U.S. Bankruptcy Court for
permission to employ Bustamante & Gagliasso, P.C. as Special
Counsel to represent Mi Pueblo by providing advice, and
representation regarding the pending civil matter of NUCP Turlock
v. Mi Pueblo San Jose, Inc., Santa Clara County Superior Court
Case No.: 1-11-CV-210469.

The Debtor attests that the firm is a "disinterested person" as
the term is defined in Section 101(14) of the Bankruptcy Code.

The firm's rates are:

    Professional                    Rates
    ------------                    -----
    Partner                        $340/hour
    Senior Associate Attorney      $270/hour
    Paralegals                     $110/hour

Proposed Attorneys for the Debtor can be reached at:

         Heinz Binder, Esq.
         Robert G. Harris, Esq.
         Roya Shakoori, Esq.
         BINDER & MALTER, LLP
         2775 Park Avenue
         Santa Clara, CA 95050
         Tel: (408) 295-1700
         Fax: (408) 295-1531
         Email: Heinz@bindermalter.com
                Rob@bindermalter.com
                Roya@bindermalter.com

Mi Pueblo San Jose, Inc., filed a Chapter 11 petition (Bankr. N.D.
Calif. Case No. 13-53893) in San Jose, California, on July 22,
2013. The Debtor estimated up to $50,000 in assets and up
$50,000,000 in liabilities.   An affiliate, Cha Cha Enterprises,
LLC, sought Chapter 11 protection (Case No. 13-53894) on the same
day. It estimated up to $50,000 in assets and up $50,000,000 in
liabilities.

Binder & Malter, LLP, is the Debtor's general reorganization
counsel.  The Law Offices of Wm. Thomas Lewis, sometimes doing
business as Robertson & Lewis, is the Debtor's special counsel.


MI PUEBLO: Taps Cavanagh as Counsel in Immigration, Custom Issues
-----------------------------------------------------------------
Mi Pueblo San Jose, Inc. asks the U.S. Bankruptcy Court for
permission to employ The Cavanagh Law Firm, P.A. as its special
counsel to represent Mi Pueblo with respect to the U.S.
Immigrations and Customs Enforcement I-9 investigations for Mi
Pueblo's past and current employees and to provide legal services,
advice, and related representation regarding such matters.

The Debtor attests that the firm is a "disinterested person" as
the term is defined in Section 101(14) of the Bankruptcy Code.

At the time of Mi Pueblo's bankruptcy filing, Cavanagh was owed
$148,028.45 for services provided for Mi Pueblo.

From April 21, 2013 until July 22, 2013 when Mi Pueblo filed its
Voluntary Petition under Chapter 11, Cavanagh received $64,785.48
in compensation for its services (including attorney's fees and
cost reimbursements) for work on behalf of Mi Pueblo.

Cavanagh will be employed on these terms:

   a. Approval of attorneys' fees and costs to be paid to Special
      Counsel by Mi Pueblo shall be subject to one or more duly
      noticed fee applications to be approved by this Court.

   b. Any and all detailed time records to be attached to the
      Special Counsel's fee applications will be filed under seal
      due to confidentiality concerns in connection with the
      Employment Matters, such time records to be available to the
      United Stats Trustee and counsel for the Committee Of
      Unsecured Creditors upon execution of a Non-Disclosure
      Agreement and upon written notice to Mi Pueblo and Special
      Counsel; the fee applications themselves will not be filed
      under seal and time records will be summarized;

   c. It is anticipated that Special Counsel will use the
      following attorneys and paralegals in rendering services to
      Mi Pueblo at the following hourly rates:

      Professional Standard            Hourly Billable Rate
      ---------------------            --------------------
      Julie A. Pace                           $395.00
      David A. Selden                         $395.00
      Hilary L. Barnes                        $350.00
      Heidi Nunn-Gilman                       $295.00
      Jennifer L. Sellers                     $290.00
      Meaghan E. Gallagher                    $260.00
      Stephanie L. Coulter - paralegal        $175.00
      Monica R. Rushton - paralegal           $175.00

Mi Pueblo San Jose, Inc., filed a Chapter 11 petition (Bankr. N.D.
Calif. Case No. 13-53893) in San Jose, California on July 22,
2013. The Debtor estimated up to $50,000 in assets and up
$50,000,000 in liabilities.   An affiliate, Cha Cha Enterprises,
LLC, sought Chapter 11 protection (Case No. 13-53894) on the same
day. It estimated up to $50,000 in assets and up $50,000,000 in
liabilities.

Binder & Malter, LLP, is the Debtor's general reorganization
counsel.  The Law Offices of Wm. Thomas Lewis, sometimes doing
business as Robertson & Lewis, is the Debtor's special counsel.


MI PUEBLO: Littler Mendelson to Serve as Labor Counsel
------------------------------------------------------
Mi Pueblo San Jose, Inc., asks the U.S. Bankruptcy Court for
permission to employ Littler Mendelson as its special counsel.

The firm will, among other things, provide these services:

   a. review and negotiate and prepare various labor, union and
      employee agreements;

   b. provide advice and representation in the defense of
      various labor, union, employee litigation, and employment
      law matters; and

   c. provide advice, and representation regarding any other
      labor and employment law matters.

Brian T. McMillan attests that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the
Bankruptcy Code.

The firm's rates are:

     Attorney Name                 Attorney Hourly Rate
     -------------                 (Uninsured Rate/Insured Rate)
                                   -----------------------------
     Brian T. McMillan                    $400/$340-375
     Richard Leasia                       $504
     Alan B. Carlson                      $540/$340-375
     Michelle B. Heverly                  $496/$340-375
     Todd Boyer                           $384/$340-375
     Karin Cogbill                        $344/$250-285
     Jose Macias, Jr.                     $248/$250-285

Mi Pueblo San Jose, Inc., filed a Chapter 11 petition (Bankr. N.D.
Calif. Case No. 13-53893) in San Jose, California on July 22,
2013. The Debtor estimated up to $50,000 in assets and up
$50,000,000 in liabilities.   An affiliate, Cha Cha Enterprises,
LLC, sought Chapter 11 protection (Case No. 13-53894) on the same
day. It estimated up to $50,000 in assets and up $50,000,000 in
liabilities.

Binder & Malter, LLP, is the Debtor's general reorganization
counsel.  The Law Offices of Wm. Thomas Lewis, sometimes doing
business as Robertson & Lewis, is the Debtor's special counsel.


MI PUEBLO: Hires Perkins Coie as IP Counsel
-------------------------------------------
Mi Pueblo San Jose, Inc. asks the U.S. Bankruptcy Court for
permission to employ Perkins Coie LLP as its Special Counsel.

The firm will, among other things, provide these services:

   a. provide advice and representation in various intellectual
      property and intellectual property litigation matters,
      including but not limited to THF Equities, LP and Bay Valley
      Foods, LLC v. Mi Pueblo San Jose, Inc., United States Patent
      and Trademark Office, Trademark Trial and Appeal Board
      Proceeding Nos. 91202185, 91202569, and 92054486; Mi
      Pueblo San Jose, Inc. v. THF Equities, LP and Bay Valley
      Foods, LLC, United States Patent and Trademark Office,
      Trademark Trial and Appeal Board Proceeding Nos. 92052561
      and 92055015; and

   b. provide legal services, advice, representation and
      related services in connection with such other matters as
      the Debtor may from time to time request.

At the time of Mi Pueblo's bankruptcy filing, Perkins Coie was
owed the sum of approximately $18,139.50 for services provided for
Mi Pueblo.  From April 21, 2013 until July 22, 2013 when Mi Pueblo
filed its Voluntary Petition under Chapter 11, Perkins Coie
received approximately $730.00 in compensation for its services
(including attorney's fees and cost reimbursements) for work on
behalf of Mi Pueblo and others.

Perkins Coie will be employed on these terms:

   a. Approval of attorneys' fees and costs to be paid to Special
      Counsel by Mi Pueblo shall be subject to one or more duly
      noticed fee applications to be approved by this Court.

   b. It is anticipated that these attorneys and paralegals
      will be primarily utilized by Special Counsel in rendering
      services to Mi Pueblo at the following hourly rates:

      Attorney Name         Attorney Hourly Rate
      -------------         --------------------
      Christopher Kao               $710.00
      Jeffrey A. Nelson             $455.00

The Debtor attests that the firm is a "disinterested person" as
the term is defined in Section 101(14) of the Bankruptcy Code.

Mi Pueblo San Jose, Inc., filed a Chapter 11 petition (Bankr. N.D.
Calif. Case No. 13-53893) in San Jose, California, on July 22,
2013. The Debtor estimated up to $50,000 in assets and up
$50,000,000 in liabilities.   An affiliate, Cha Cha Enterprises,
LLC, sought Chapter 11 protection (Case No. 13-53894) on the same
day. It estimated up to $50,000 in assets and up $50,000,000 in
liabilities.

Binder & Malter, LLP, is the Debtor's general reorganization
counsel.  The Law Offices of Wm. Thomas Lewis, sometimes doing
business as Robertson & Lewis, is the Debtor's special counsel.


MMODAL INC: S&P Revises Outlook to Negative & Affirms 'B' CCR
-------------------------------------------------------------
Standard & Poor's Ratings Services revised its outlook on
Franklin, Tenn.-based MModal Inc. to negative from stable, and
affirmed the corporate credit rating at 'B'.

At the same time, S&P affirmed its issue-level rating on the
company's $520 million senior secured facilities, which consist of
a $75 million revolving credit facility due 2017 and a
$445 million term loan due 2019, at 'B+'.  The '2' recovery rating
indicates S&P's expectation for substantial (70% to 90%) recovery
in the event of payment default.

S&P also affirmed its issue-level rating at 'CCC+' on the
company's $250 million unsecured notes due 2020.  The '6' recovery
rating indicates S&P's expectation for negligible (0% to 10%)
recovery in the event of payment default.

"The outlook revision to negative reflects continued revenue
erosion in MModal's transcription business as a result of its
customers' adoption of electronic health records, and pricing and
competitive pressures," said Standard & Poor's credit analyst
David Tsui.  "We now expect the launch of new products to lag what
we previously expected in the second half of 2013, which would
lead to a modest revenue decline in 2013."

MModal is a leading provider of clinical narrative capture
services, speech and natural language understanding technology,
and clinical documentation workflow solutions to the U.S. health
care industry.

Standard & Poor's views MModal's business risk profile as "weak,"
reflecting its narrow focus on the generally fragmented U.S.
clinical documentation industry, which includes a more diversified
direct competitor with greater financial resources.  In S&P's
assessment, the company's financial risk profile is "highly
leveraged," reflecting pro forma operating-lease adjusted leverage
of about 7.4x as of June 30, 2013.  S&P expects MModal's free
operating cash flow in 2013 to be slightly negative to flat.
S&P's assessment of the company's management and governance is
"fair."


MONTREAL MAINE: Allowed to Operate until Oct. 1
-----------------------------------------------
Solarina Ho, writing for Reuters, reported that the rail company
whose oil tanker train blew up in a Quebec town last month,
killing 47 people, will be allowed to continue operating through
Oct. 1 after providing insurance documentation demanded by
Canadian authorities.

According to the report, the Canadian Transportation Agency said
on Aug. 23 it would let Montreal, Maine and Atlantic Railway and
its Canadian subsidiary keep trains moving for now. Earlier this
month it had ordered MMA to cease operations, saying the railway
lacked adequate insurance.

On July 6, a runaway MMA train hauling tankers of crude oil
derailed in the center of the little Quebec town of Lac-Megantic,
and exploded in giant fireballs in what was North America's
deadliest rail accident in two decades, the report related.  The
center of Lac-Megantic was flattened and an estimated 1.5 million
U.S. gallons (5.6 million liters) of oil were spilled.

The CTA ordered the railway on Aug. 13 to halt operations as of
Aug. 20 because it did not have adequate insurance, the report
said.  The insurance that MMA had in force in July will not come
close to meeting the costs of cleanup and restoration after the
Lac-Megantic crash.

On Aug. 23, the CTA reversed that order, allowing MMA to operate
through Oct. 1 after the railway provided evidence of adequate
third-party insurance. However, MMA still had to show by Aug. 23
it had sufficient funds to cover the C$250,000 ($237,500) self-
insured portion of its operations, or it would be shut down.

             About Montreal, Maine & Atlantic Railway

Montreal, Maine & Atlantic Railway Ltd., the railway company that
operated the train that derailed and exploded in July 2013,
killing 47 people and destroying part of Lac-Megantic, Quebec,
sought bankruptcy protection in U.S. Bankruptcy Court in Bangor,
Maine (Case No. 13-10670) on Aug. 7, 2013, with the aim of selling
its business.  Its Canadian counterpart, Montreal, Maine &
Atlantic Canada Co., meanwhile, filed for protection from
creditors in Superior Court of Quebec in Montreal.

U.S. Bankruptcy Judge Louis H. Kornreich has been assigned to the
U.S. case.  The Maine law firm of Verrill Dana serves as counsel
to MM&A.

Justice Martin Castonguay oversees the case in Canada.


MPG OFFICE: Merger Agreement "Outside Date" Changed to Sept. 16
---------------------------------------------------------------
MPG Office Trust, Inc., (the "Company"), MPG Office, L.P. (the
"Operating Partnership"), Brookfield DTLA Holdings LLC,
("Brookfield DTLA"), Brookfield DTLA Fund Office Trust Investor
Inc., ("Sub REIT"), Brookfield DTLA Fund Office Trust Inc., a
Maryland corporation ("REIT Merger Sub"), and Brookfield DTLA Fund
Properties LLC ("Partnership Merger Sub") entered into a Third
Amendment to Agreement and Plan of Merger to that certain
Agreement and Plan of Merger, dated as of April 24, 2013, which
provides for the merger of the Company with and into REIT Merger
Sub, with REIT Merger Sub surviving the merger.  The Merger
Agreement also provides for a merger of Partnership Merger Sub
with and into the Operating Partnership, with the Operating
Partnership surviving the merger.

The Amendment amends the Merger Agreement to, among other things,
change the Outside Date (as defined in the Merger Agreement) to
Sept. 16, 2013, and to permit each of Brookfield DTLA and the
Company to further extend the Outside Date on one or more
occasions up to (and including) Oct. 31, 2013.

A copy of the Third Amendment is available for free at:

                         http://is.gd/pa2C2V

                       About MPG Office Trust

MPG Office Trust, Inc., fka Maguire Properties Inc. --
http://www.mpgoffice.com/-- owns and operates Class A office
properties in the Los Angeles central business district and is
primarily focused on owning and operating high-quality office
properties in the Southern California market.  MPG Office Trust is
a full-service real estate company with substantial in-house
expertise and resources in property management, marketing,
leasing, acquisitions, development and financing.

For the year ended Dec. 31, 2012, the Company reported net income
of $396.11 million, as compared with net income of $98.22 million
on $234.96 million of total revenue during the prior year.  As of
June 30, 2013, the Company had $1.28 billion in total assets,
$1.71 billion in total liabilities and a $437.26 million
total deficit.

In its Form 10-K filing with the Securities and Exchange
Commission for the fiscal year ended Dec. 31, 2012, the Company
said it is working to address challenges to its liquidity
position, particularly debt maturities, leasing costs and capital
expenditures.  The Company said, "We do not currently have
committed sources of cash adequate to fund all of our potential
needs, including our 2013 debt maturities. If we are unable to
raise additional capital or sell assets, we may face challenges in
repaying, extending or refinancing our existing debt on favorable
terms or at all, and we may be forced to give back assets to the
relevant mortgage lenders. While we believe that access to future
sources of significant cash will be challenging, we believe that
we will have access to some of the liquidity sources identified
above and that those sources will be sufficient to meet our near-
term liquidity needs."

On March 11, 2013, the Company entered into an agreement to sell
US Bank Tower and the Westlawn off-site parking garage.  The
transaction is expected to close June 28, 2013, subject to
customary closing conditions.  The net proceeds from the
transaction are expected to be roughly $103 million, a portion of
which may potentially be used to make loan re-balancing payments
on the Company's upcoming 2013 debt maturities at KPMG Tower and
777 Tower.

Roughly $898 million of the company's debt matures in 2013.

"Our ability to access the capital markets to raise capital is
highly uncertain.  Our substantial indebtedness may prevent us
from being able to raise debt financing on acceptable terms or at
all.  We believe we are unlikely to be able to raise equity
capital in the capital markets," the Company said.

"Future sources of significant cash are essential to our liquidity
and financial position, and if we are unable to generate adequate
cash from these sources we will have liquidity-related problems
and will be exposed to material risks. In addition, our inability
to secure adequate sources of liquidity could lead to our eventual
insolvency."


N-VIRO INTERNATIONAL: Delays Form 10-Q for Second Quarter
---------------------------------------------------------
N-Viro International Corporation said it was unable to complete
the preparation of the financial statements for the quarterly
period ended June 30, 2013, within the required time period
without unreasonable effort or expense, due to delays in gathering
and reviewing information needed to complete the preparation of
the Report.

                     About N-Viro International

Toledo, Ohio-based N-Viro International Corporation owns and
sometimes licenses various N-Viro processes and patented
technologies to treat and recycle wastewater and other bio-organic
wastes, utilizing certain alkaline and mineral by-products
produced by the cement, lime, electrical generation and other
industries.

In its audit report on the consolidated financial statements for
the year ended Dec. 31, 2012, UHY LLP, in Farmington Hills,
Michigan, expressed substantial doubt about N-Viro's ability to
continue as a going concern, citing the Company's recurring
losses, negative cash flow from operations and net working capital
deficiency.

The Company reported a net loss of $1.6 million on $3.6 million of
revenues in 2012, compared with a net loss of $1.6 million of
$5.6 million of revenues in 2011.

The Company's balance sheet at Dec. 31, 2012, showed $2.3 million
in total assets, $2.4 million in total liabilities, and a
stockholders' deficit of $49,286.


NNN PARKWAY: Sec. 341 Creditors' Meeting Set for Sept. 20
---------------------------------------------------------
The U.S. Trustee will convene a meeting of creditors pursuant to
11 U.S.C. 341(a) in the Chapter 11 case of NNN Parkway 400 26,
LLC on Sept. 20, 2013, at 1:00 p.m.  The meeting will be held at
RM 1-159, 411 W Fourth St., Santa Ana, CA 92701.

NNN Parkway 400 26, LLC, filed a bare-bones Chapter 11 petition
(Bankr. C.D. Calif. Case No. 12-24593) in Santa Ana, California,
on Dec. 31, 2012.  Dana Point, California-based NNN Parkway
estimated assets and debts of $10 million to $50 million.  The Law
Office of Christine E. Baur and David A. Lee, Esq., at Weiland,
Golden, Smiley, Wang Ekvall & Strok, LLP, represent the Debtor.


NNN PARKWAY: Court Extends Plan Filing Deadline to Aug. 30
----------------------------------------------------------
NNN Parkway 400 26 LLC sought and obtained an extension until
Aug. 30, 2013, of the deadline to file its Chapter 11 plan and
disclosure statement.

NNN Parkway 400 26, LLC, filed a bare-bones Chapter 11 petition
(Bankr. C.D. Calif. Case No. 12-24593) in Santa Ana, California,
on Dec. 31, 2012.  Dana Point, California-based NNN Parkway
estimated assets and debts of $10 million to $50 million.  The Law
Office of Christine E. Baur and David A. Lee, Esq., at Weiland,
Golden, Smiley, Wang Ekvall & Strok, LLP, represent the Debtor.


NORTHCORE TECHNOLOGIES: Had C$303,000 Comprehensive Loss in Q2
--------------------------------------------------------------
Northcore Technologies Inc. reported a loss and comprehensive loss
of C$303,000 on C$291,000 of revenues for the three months ended
June 30, 2013, as compared with a loss and comprehensive loss of
C$556,000 on C$415,000 of revenues for the same period a year ago.

For the six months ended June 30, 2013, the Company reported a
loss and comprehensive loss of C$802,000 on C$580,000 of revenues,
as compared with a loss and comprehensive loss of C$1.29 million
on C$645,000 of revenues for the same period last year.

The Company's balance sheet at June 30, 2013, showed C$2.52
million in total assets, C$1.36 million in total liabilities and
C$1.16 million in total stockholders' equity.

A copy of the quarterly report is available for free at:

                         http://is.gd/P7FRM7

                   About Northcore Technologies

Toronto, Ontario-based Northcore Technologies Inc. (TSX: NTI; OTC
BB: NTLNF) -- http://www.northcore.com/-- provides a Working
Capital Engine(TM) that helps organizations source, manage,
appraise and sell their capital equipment.  Northcore offers its
software solutions and support services to a growing number of
customers in a variety of sectors including financial services,
manufacturing, oil and gas and government.

Northcore owns 50 percent of GE Asset Manager, LLC, a joint
business venture with GE.  Together, the companies work with
leading organizations around the world to help them liberate more
capital value from their assets.

The Company reported a loss and comprehensive loss of
C$3.93 million in 2011, compared with a loss and comprehensive
loss of C$3.03 million in 2010.


NTELOS HOLDINGS: S&P Lowers Corporate Credit Rating to 'B'
----------------------------------------------------------
Standard & Poor's Ratings Services lowered its corporate credit
rating on Waynesboro, Va.-based regional wireless carrier NTELOS
Holdings Corp. to 'B' from 'BB-'.  In addition, S&P lowered the
issue-level rating on NTELOS Inc.'s senior secured debt to 'B' to
from 'BB-'.  The recovery on this debt remains '4', which
indicates S&P's expectation for average (30% to 50%) recovery of
principal in the event of a payment default.  S&P has also removed
the ratings, including the corporate credit rating, from
CreditWatch where it placed them with negative implications on
Dec. 17, 2012.  The outlook is developing.

"The developing outlook means that we could lower or raise the
ratings during the next year," said Standard & Poor's credit
analyst Richard Siderman.

NTELOS reported about $492 million of debt outstanding on June 30,
2013.

S&P lowered the rating on NTELOS based on its assessment of the
risk that it might not be able to renew a favorable wholesale
services contract with Sprint after July 31, 2015.  Wholesale
revenues have grown in importance and now account for about one-
third of NTELOS' service revenues and a significantly greater
portion of consolidated EBITDA.  The contract also includes a
minimum revenue guarantee and other operating benefits.  If the
contract lapses and NTELOS is unable to replace at least a
substantial portion of those revenues, its credit measures would
weaken significantly and potentially stress liquidity.

The developing outlook reflects the uncertainty as to whether
NTELOS can extend the Strategic Network Alliance agreement with
Sprint beyond July 31, 2015.  If the company cannot renew the
agreement with favorable terms or replace it with alternate
wholesale agreements, NTELOS' credit measures would weaken
materially and adjusted debt leverage could move toward the
double-digit area.  In addition, that scenario would make it
uncertain, in S&P's opinion, that NTELOS would be able to
refinance the term loan A that matures in August 2015 and S&P
could consider lowering the rating to the 'CCC' category.
Conversely, if NTELOS is able to extend the Sprint agreement under
terms that provide billable wholesale revenues that approximate
the current minimum guarantee level of $9 million per month (about
two-thirds of current Sprint wholesale revenues), S&P would
consider a rating upgrade.


OCEAN 4660: Hearing on Continued Use of Cash Collateral Today
-------------------------------------------------------------
Judge John K. Olson of the U.S. Bankruptcy Court for the Southern
District of Florida, Fort Lauderdale Division, previously gave
interim authority to Maria Yip, the Chapter 11 Trustee for Ocean
4660, LLC, to use Cash Collateral through and including Aug. 27,
2013.  A continued hearing on the Chapter 11 Trustee's application
to use Cash Collateral will be held on Aug. 27, 2013 at 10:30 a.m.

                        About Ocean 4660

Ocean 4660, LLC, owner of a beachfront property operated as the
Lauderdale Beachside Hotel in Lauderdale-by-the-Sea, Florida,
filed a Chapter 11 petition (Bankr. S.D. Fla. Case No. 13-23165)
in its hometown on June 2, 2013.  Rick Barreca signed the petition
as chief restructuring officer.

The Lauderdale Beachside Hotel features a beach-front location,
two five-story interior corridor buildings (east and west), 147
guest rooms, a beach front tiki bar and grill, a large adjoining
restaurant and commercial kitchen space and on-site parking.
The restaurant space and the tiki bar and grill are unoccupied.
The occupancy rates have generally been between 40 percent and 70
percent occupancy.  Room rates are $40 to $80 per night.

The Company disclosed $15,762,871 in assets and $16,587,678 in
liabilities as of the Chapter 11 filing.

Judge John K. Olson presides over the case.  The Debtor tapped RKJ
Hotel Management, LLC, as hotel manager and RKJ's Rick Barreca as
the CRO.

The Debtor tapped Genovese Joblove & Battista, P.A. as counsel.
Irreconcilable differences prompted the firm to withdraw as
counsel in July 2013.

The Court approved the appointment of Maria Yip, of Coral Gables,
Florida, as Chapter 11 trustee.  Drew M. Dillworth, Esq., of the
Law firm of Stearns Weaver Miller Weissler Alhadeff & Sitterson,
P.A. serves as his counsel.  Kerry-Ann Rin, CPA, and the
consulting firm of Yip Associates serve as financial advisor, and
accountant.

The U.S. Trustee has not appointed an official committee of
unsecured creditors.


OMNICARE INC: Moody's Rates New $424-Mil. Senior Notes 'Ba3'
------------------------------------------------------------
Moody's Investors Service assigned a Ba3 rating to Omnicare,
Inc.'s new $424.25 million in aggregate principal amount of
convertible senior subordinated notes, due 2044, with an original
issue price of about $388.83 (which will accrete on a semi-annual
basis). These notes are being exchanged for $180.46 million in
principal amount of existing 3.75% convertible senior subordinated
notes, due 2025. At the same time, Moody's understands that
Omnicare is retiring about $5.15 million in principal amount of
these existing subordinated notes and about $150 million in
principal amount of its 7.75% senior subordinated notes due 2020.
The rating outlook is stable. Omnicare's other ratings (including
its Ba3 Corporate Family Rating) remain unchanged although LGD
assessments have been modified.

Ratings assigned:

Omnicare, Inc.

  $424.25 million new convertible senior subordinated notes, due
  2044 at Ba3 (LGD4, 52%)

Ratings Rationale:

"This exchange and cash repurchase offer will result in better
liquidity for Omnicare because it extends debt maturities and
reduces exposure to in-the-money convertible shares," said Diana
Lee, a Moody's Senior Credit Officer.

Omnicare's Ba3 Corporate Family Rating reflects its moderately
high financial leverage and risk associated with ongoing
reimbursement challenges. Although OCR is large relative to other
Ba3 rated companies based on revenues and has a leading national
position in this niche market, the company still contends with
competitive pressures, largely from local market players. This has
resulted in net bed losses -- although a recently signed contract
with Kindred, a large post-acute care operator, helped the company
show a net bed gain in the most recent quarter. Other ongoing
operating challenges include lower SNF occupancy levels and script
volume. Healthcare reform legislation and reimbursement challenges
facing both Omnicare and its customers -- including health plans
and nursing homes -- are key risks for the long term care pharmacy
sector. Providing some offset, OCR's focus on its specialty
business should help improve its top line and profitability. For
the LTM period ended June 30, 2013, debt/EBITDA declined to about
3.6 times. While the company will continue to be more focused on
shareholders than it has previously, Moody's expects buybacks to
be funded with free cash flow.

The stable outlook reflects Moody's belief that Omnicare will not
engage in large debt-financed transactions and that improvements
in bed retention and growth in its specialty business will offset
negative effects of reimbursement changes, resulting in solid cash
flow. The ratings could be upgraded if Omnicare is able to
demonstrate a conservative approach to growth, sustain improved
bed retention rates, growth in profitability and better
diversification beyond long term care pharmacy services. Retained
cash flow to debt approaching 20% and debt/EBITDA sustained below
2.5 times could help support an upgrade. The ratings could be
downgraded if there are material negative reimbursement changes or
if the company engages in large debt financed acquisitions.
Retained cash flow to debt that is below the low to mid-teens
level, or debt/EBITDA sustained above 3.75 times could result in a
downgrade.

Omnicare's SGL-1 Speculative Grade Liquidity rating reflects OCR's
very good liquidity profile over the next twelve months. This is
characterized by Moody's expectations of good cash flow, healthy
cash balances, access to a $300 million 5-year unsecured revolver
that expires in 2017, and maintenance of ample covenant cushions.
The company had unrestricted cash of approximately $535 million at
June 30, 2013.

The principal methodology used in this rating was Global
Distribution and Supply Chain Services published in November 2011.
Other methodologies used include Loss Given Default for
Speculative-Grade Non-Financial Companies in the U.S., Canada and
EMEA published in June 2009.

Omnicare, Inc., headquartered in Cincinnati, Ohio, is the leading
provider of institutional pharmacy services to the long term care
sector.


OMNICOMM SYSTEMS: Stockholders Elect Three Directors
----------------------------------------------------
OmniComm Systems, Inc., held its annual meeting of stockholders in
Ft. Lauderdale, Florida, on Aug. 1, 2013, at which the
stockholders:

(1) elected Randall G. Smith, Cornelis F. Wit and Guus van
    Kesteren to the Board of Directors for a one-year term
    expiring in 2014; and

(2) ratified the appointment of Liggett, Vogt & Webb P.A.,
    formerly known as Webb & Company, P.A., as the independent
    registered public accounting firm for the Company to serve for
    the 2014 fiscal year.

Robert C. Schweitzer has been appointed to serve as a member of
the Company's Board of Directors.  Mr. Schweitzer will be a member
of the Audit Committee and the Compensation Committee.  Mr.
Schweitzer, age 67, has no family relationships with any of the
executive officers or directors of the Company.  There were no
arrangements or understandings between Mr. Schweitzer and any
other person pursuant to which he was appointed to the board.
There have been no related party transactions in the past two
years in which the Company or any of its subsidiaries was or is to
be a party, in which Mr. Schweitzer had, or will have, a direct or
indirect material interest.  In connection with his appointment to
the board of directors, Mr. Schweitzer will be granted 100,000
shares of restricted stock in accordance with the Company's 2009
Equity Incentive Plan.  The restricted stock will have a grant
date of Aug. 13, 2013, and the restrictions will lapse ratably
over a three-year period.

Mr. Schweitzer currently serves as a member of the Boards of
Directors for 1-800-PetMeds, Rice Bran Technologies and Altisource
Asset Management Company.  From 2007 to 2012 he served as the
President and COO for Shay Investment Services Inc.  From 2004 to
2006 he held various roles including Consultant, President & CEO
and Regional President with Equinox Bank FSB and Northwest Savings
Bank.  He served as Regional President for Union Planters Bank
from 1999 to 2003.  Mr. Schweitzer holds a Masters of Business
Administration degree from the University of North Carolina, and a
Bachelor of Science degree from the United States Naval Academy.
Mr. Schweitzer served in the United States Navy in the Submarine
Force and Navy Reserve for 30 years, and retired with a rank of
Captain.

                       About OmniComm Systems

Ft. Lauderdale, Fla.-based OmniComm Systems, Inc., is a healthcare
technology company that provides Web-based electronic data capture
("EDC") solutions and related value-added services to
pharmaceutical and biotech companies, clinical research
organizations, and other clinical trial sponsors principally
located in the United States and Europe.

OmniComm Systems disclosed a net loss of $7.83 million in 2012, as
compared with a net loss of $3.52 million in 2011.

Liggett, Vogt & Webb, P.A., in Boynton Beach, Florida, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2012.  The independent
auditors noted that the Company has a net loss attributable to
common shareholders of $8,062,487, a negative cash flow from
operations of $173,912, a working capital deficiency of
$13,382,871 and a stockholders' deficit of $28,973,300.  These
factors raise substantial doubt about the Company's ability to
continue as a going concern.


ORCHARD SUPPLY: Term Lenders Settle With Committee on Plan
----------------------------------------------------------
Orchard Supply Hardware Stores Corp. creditors' committee
negotiated a settlement with secured term-loan lenders to assure
payment of costs of the Chapter 11 case and confirmation of a
liquidating plan including a distribution to unsecured creditors.

Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that the official creditors' committee retained the right
to challenge the validity of liens securing the $127 million owing
on a term loan.  Although Orchard Supply is selling 72 stores to
Lowe's Companies Inc. for $205 million, there is $118 million
owing on an asset-backed loan that comes ahead of the term-loan
lenders.

According to the report, the creditors' committee agreed to drop a
challenge to the term lenders' lien in return for a deal where
bankruptcy financing is paid in full from sale proceeds and the
term lenders receive the remainder after Orchard Supply retains
$25 million.  The funds retained by the company will be used for
full payment of costs of the bankruptcy case and claims entitled
to priority.  The remainder of the estate's funds will go to the
term lenders until they are paid in full, subject to carveouts for
unsecured creditors.  A trust will be created for unsecured
creditors funded with $500,000 from the company. After term
lenders recover 90 percent of their claims, the next $1.5 million
goes to the creditors' trust.  From proceeds lease sales at the
19 stores Lowe's didn't purchase, the creditors' trust receives
the first $250,000, with the remainder for term lenders.

The term lenders, the committee, and the company agreed to support
a plan incorporating the settlement.  The settlement is scheduled
for approval on Sept. 4 in U.S. Bankruptcy Court in Delaware.

On top of sale proceeds from Lowe's, there will be proceeds from
liquidating inventory at the 19 stores that weren't bought.  The
bankruptcy court approved the sale to Lowe's last week.  The sale
to Lowe's should be completed by the end of August, according to a
company statement.

"The litigation to resolve such disputes would be time consuming
and expensive, and would delay any distribution to creditors for
months or years," Orchard said, a Wall Street Journal report
cited.

Attorneys mentioned the settlement in bankruptcy court when
Orchard got approval for the Lowe's sale, but the company
disclosed the details in court papers filed on Aug. 22, the WSJ
report related.

Near the top of the list for repayment in Orchard's Chapter 11
case are lenders behind its $176.3 million bankruptcy loan, the
report said. Whatever they're owed under the loan will be paid off
from the sale proceeds.

                      About Orchard Supply

San Jose, Cal.-based Orchard Supply Hardware Stores Corporation
operates neighborhood hardware and garden stores focused on paint,
repair and the backyard.  It was spun off from Sears Holdings
Corp. in 2012.

Orchard Supply and two affiliates sought Chapter 11 protection
(Bankr. D. Del. Lead Case No. 13-11565) on June 16 to facilitate a
restructuring of the company's balance sheet and a sale of its
assets for $205 million in cash to Lowe's Companies, Inc., absent
higher and better offers.  In addition to the $205 million cash,
Lowe's has agreed to assume payables owed to nearly all of
Orchard's supplier partners.

Bankruptcy Judge Christopher S. Sontchi oversees the case.
Michael W. Fox signed the petitions as senior vice president and
general counsel.  The Debtors disclosed total assets of
$441,028,000 and total debts of $480,144,000.

Stuart M. Brown, Esq., at DLA Piper LLP (US), in Wilmington,
Delaware; and Richard A. Chesley, Esq., Chun I. Jang, Esq., and
Daniel M. Simon, Esq., at DLA Piper LLP (US), in Chicago,
Illinois, are the Debtors' counsel.  Moelis & Company LLC serves
as the Debtors' investment banker.  FTI Consulting, Inc., serves
as the Debtors' financial advisors.  A&G Realty Partners, LLC,
serves as the Debtors' real estate advisors.  BMC Group Inc. is
the Debtors' claims and noticing agent.


ORCHARD SUPPLY: Great American Liquidating Outlets in Calif.
------------------------------------------------------------
Great American Group, Inc. has been engaged to manage store
closing sales at nine additional Orchard Supply Hardware (OSH)
locations, offering significant product discounts in the Burbank,
Canoga Park, El Cerrito, Lodi, Merced, Santa Ana, Santa Clarita,
Torrance and Yuba City stores.

Liquidation sales are already underway at eight other OSH
locations throughout California.

For more information about the Orchard Supply Hardware sale event,
see http://is.gd/iCuiQv

Orchard Supply on Aug. 20 disclosed that the Bankruptcy Court has
approved the acquisition of a majority of Orchard's assets by
Lowe's.  The companies expect to complete the transaction by the
end of August.  Orchard will operate as a separate, standalone
business with its own brand and a continued commitment to its
neighborhood store format, which uniquely caters to the needs of
local consumers.

At the close of the transaction, Lowe's will acquire the majority
of Orchard's assets for approximately $205 million in cash, plus
the assumption of payables owed to nearly all of Orchard's
supplier partners.  Orchard and Lowe's first announced the
agreement on June 17, 2013.

                      About Orchard Supply

San Jose, Cal.-based Orchard Supply Hardware Stores Corporation
operates neighborhood hardware and garden stores focused on paint,
repair and the backyard.  It was spun off from Sears Holdings
Corp. in 2012.

Orchard Supply and two affiliates sought Chapter 11 protection
(Bankr. D. Del. Lead Case No. 13-11565) on June 16 to facilitate a
restructuring of the company's balance sheet and a sale of its
assets for $205 million in cash to Lowe's Companies, Inc., absent
higher and better offers.  In addition to the $205 million cash,
Lowe's has agreed to assume payables owed to nearly all of
Orchard's supplier partners.

Bankruptcy Judge Christopher S. Sontchi oversees the case.
Michael W. Fox signed the petitions as senior vice president and
general counsel.  The Debtors disclosed total assets of
$441,028,000 and total debts of $480,144,000.

Stuart M. Brown, Esq., at DLA Piper LLP (US), in Wilmington,
Delaware; and Richard A. Chesley, Esq., Chun I. Jang, Esq., and
Daniel M. Simon, Esq., at DLA Piper LLP (US), in Chicago,
Illinois, are the Debtors' counsel.  Moelis & Company LLC serves
as the Debtors' investment banker.  FTI Consulting, Inc., serves
as the Debtors' financial advisors.  A&G Realty Partners, LLC,
serves as the Debtors' real estate advisors.  BMC Group Inc. is
the Debtors' claims and noticing agent.

The Official Committee of Unsecured Creditors appointed in case
has retained Pachulski Stang Ziehl & Jones LLP as counsel, and
Alvarez & Marsal as financial advisors.


ORMET CORP: Borrowing $4 Million More Until Sale Closes
-------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that although Ormet Corp. was given approval in June to
sell the business to lender and part owner Wayzata Investment
Partners LLC mostly in exchange for debt, the primary aluminum
producer so far has been unable to complete the sale for lack of a
new electricity supply agreement with Ohio Power Co.

The inability to close the sale created what Ormet called a
"severe liquidity crisis" because the company doesn't believe the
purchase will be completed until October.

To fill the cash-flow gap, the bankruptcy court gave authority
late last week to modify the loan arrangement for the Chapter 11
case. The revolving credit lenders are now authorized to allow
$4 million in additional advances that should carry the company
over until the sale closes.

The sale included a settlement where Wayzata will give a
$2 million note to a trust being created for unsecured creditors.
The note will mature in six years and pay 5 percent cash interest.
Wayzata will participate in proceeds from the note as a result of
its deficiency claims.  In addition, the unsecured creditors'
trust will have warrants for 2.5 percent of the stock exercisable
at a price equal to the secured debt owing to Wayzata, including
loans for the Chapter 11 case.  The creditors will have warrants
for another 2 percent equal to twice the Wayzata debt.

Wayzata will acquire the business in exchange for $130 million of
the $139.5 million in secured debt it holds.  Wayzata is financing
the Chapter 11 case with a $30 million term loan and a $60 million
revolving credit that replaced an existing facility.

                        About Ormet Corp.

Aluminum producer Ormet Corporation, along with affiliates, filed
for Chapter 11 protection (Bankr. D. Del. Case No. 13-10334) on
Feb. 25, 2013, with a deal to sell the business to a portfolio
company owned by private investment funds managed by Wayzata
Investment Partners LLC.

Headquartered in Wheeling, West Virginia, Ormet --
http://www.ormet.com/-- is a fully integrated aluminum
manufacturer, providing primary metal, extrusion and thixotropic
billet, foil and flat rolled sheet and other products.

Ormet disclosed assets of $406.8 million and liabilities totaling
$416 million.  Secured debt of about $180 million includes $139.5
million on a secured term loan and $39.3 million on a revolving
credit.

Affiliates that separately filed Chapter 11 petitions are Ormet
Primary Aluminum Corporation; Ormet Aluminum Mill Products
Corporation; Specialty Blanks Holding Corporation; and Ormet
Railroad Corporation.

Ormet is represented in the case by Morris, Nichols, Arsht &
Tunnell LLP's Erin R. Fay, Esq., Robert J. Dehney, Esq., Daniel B.
Butz, Esq.; and Dinsmore & Shohl LLP's Kim Martin Lewis, Esq.,
Patrick D. Burns, Esq.  Kurtzman Carson Consultants is the claims
and notice agent.  Evercore's Lloyd Sprung and Paul Billyard serve
as investment bankers to the Debtor.

An official committee of unsecured creditors was appointed in the
case in March 2013.  The Committee is represented by Rafael X.
Zahralddin, Esq., Shelley A. Kinsella, Esq., and Jonathan M.
Stemerman, Esq., at Elliott Greenleaf; and Sharon Levine, Esq., S.
Jason Teele, Esq., and Cassandra M. Porter, Esq., at Lowenstein
Sandler LLP.

In June 2013, the Bankruptcy Court approved the sale of
substantially all of the assets of Ormet to Smelter Acquisition,
LLC, a portfolio company owned by private investment funds managed
by Wayzata Investment Partners LLC.  With no competing bids,
Wayzata acquired the business in exchange for $130 million in
secured debt plus the loan financing bankruptcy.  In connection
with its restructuring, Ormet received aggregate commitments of
$90 million of DIP Financing, consisting of $30 million in Term
DIP financing from Wayzata and a $60 million DIP facility from
Wells Fargo, which replaced its $60 million pre-petition revolver
with Ormet.


PATRIOT COAL: UMWA Statement on 8th Cir. BAP Decision
-----------------------------------------------------
The United States Bankruptcy Appellate Panel for the Eighth
Circuit on Aug. 21 reversed a decision by federal Bankruptcy Judge
Kathy Surratt-States that would have allowed Peabody Energy to
stop paying health care benefits for some 3,100 retirees that it
had assumed in the spinoff of Patriot Coal.

The strongly-worded decision by the three-Judge panel means that
Peabody continues to hold responsibility for paying the health
care benefits for this group of retirees, who are mostly in the
Midwest.

"This is a bright ray of good news in what has been a long, dreary
period for the retirees, their dependents and widows who have been
desperately worried about what's going to happen to their health
care," UMWA International President Cecil E. Roberts said.

"Peabody has spent years trying to get rid of its obligations to
the thousands of retirees who made it the richest coal company in
the world," Roberts said.  "This decision foils part of that plan.
And it makes us even more determined to keep fighting to make sure
the company lives up to its entire obligation to these miners."

In preparation for the spinoff of Patriot, Peabody signed a 2007
agreement with Heritage Coal Co., which was at the time a Peabody
subsidiary that Peabody included in the Patriot spinoff. That
agreement allowed Peabody to reduce its contribution levels for
retiree health care benefits to the same level as Heritage
(Patriot) would pay if such levels were modified in the future.

Peabody argued that since Heritage (Patriot) was relieved of all
its obligation to pay for retiree health care by Judge Surratt-
States, that Peabody should be relieved of its obligation as well.
Judge Surratt-States agreed, and issued a ruling in Peabody's
favor on May 29. Patriot and Heritage appealed, and their appeal
was supported by the UMWA.

                        About Patriot Coal

St. Louis-based Patriot Coal Corporation (NYSE: PCX) is a producer
and marketer of coal in the eastern United States, with 13 active
mining complexes in Appalachia and the Illinois Basin.  The
Company ships to domestic and international electricity
generators, industrial users and metallurgical coal customers, and
controls roughly 1.9 billion tons of proven and probable coal
reserves.

Patriot Coal and nearly 100 affiliates filed voluntary Chapter 11
petitions in U.S. bankruptcy court in Manhattan (Bankr. S.D.N.Y.
Lead Case No. 12-12900) on July 9, 2012.  Patriot said it had
$3.57 billion of assets and $3.07 billion of debts, and has
arranged $802 million of financing to continue operations during
the reorganization.

Davis Polk & Wardwell LLP serves as lead restructuring counsel.
Bryan Cave LLP serves as local counsel to the Debtors.  Blackstone
Advisory Partners LP is serving as financial advisor, and AP
Services, LLC is providing interim management services to Patriot
in connection with the reorganization.  Ted Stenger, a Managing
Director at AlixPartners LLP, the parent company of AP Services,
has been named Chief Restructuring Officer of Patriot, reporting
to the Chairman and CEO.  GCG, Inc. serves as claims and noticing
agent.

The U.S. Trustee appointed a seven-member creditors committee.
Kramer Levin Naftalis & Frankel LLP serves as its counsel.
HoulihanLokey Capital, Inc., serves as its financial advisor and
investment banker.  Epiq Bankruptcy Solutions, LLC, serves as its
information agent.

On Nov. 27, 2012, the New York bankruptcy judge moved Patriot's
bankruptcy case to St. Louis.  The order formally sending the
reorganization to Missouri was signed December 19 by the
bankruptcy judge.  The New York Judge in a Jan. 23, 2013 order
denied motions to transfer the venue to the U.S. Bankruptcy Court
for the Southern District of West Virginia.


PEARL AT WEST: Voluntary Chapter 11 Case Summary
------------------------------------------------
Debtor: The Pearl At West Side Christian Church, a Corporation
        1810 South Federal Boulevard
        Denver, CO 80219

Bankruptcy Case No.: 13-24351

Chapter 11 Petition Date: August 22, 2013

Court: U.S. Bankruptcy Court
       District of Colorado (Denver)

Judge: A. Bruce Campbell

Debtor's Counsel: James T. Reed, Esq.
                  3300 E. First Avenue, Suite 690
                  Denver, CO 80206
                  Tel: (303) 321-0800
                  E-mail: jtreed@firstavelaw.com

Scheduled Assets: $1,020,725

Scheduled Liabilities: $390,903

The Company did not file a list of creditors together with its
petition.

The petition was signed by Charles E. Battle, authorized agent.


PERSONAL COMMUNICATIONS: Section 341(a) Meeting Set on Sept. 20
---------------------------------------------------------------
A meeting of creditors in the bankruptcy case of Personal
Communications Devices LLC will be held on Sept. 20, 2013, at
10:00 a.m. at Room 562, 560 Federal Plaza, CI, NY.

This is the first meeting of creditors required under Section
341(a) of the Bankruptcy Code in all bankruptcy cases.

All creditors are invited, but not required, to attend.  This
meeting of creditors offers the one opportunity in a bankruptcy
proceeding for creditors to question a responsible office of the
Debtor under oath about the company's financial affairs and
operations that would be of interest to the general body of
creditors.

                    About Personal Communications

Personal Communications Devices LLC and an affiliate, Personal
Communications Devices Holdings, LLC, filed for Chapter 11
bankruptcy (Bankr. S.D.N.Y. Case No. 13-74303) on Aug. 19, 2013,
in Central Islip, N.Y., estimating between $100 million
and $500 million in both assets and liabilities.  Bankruptcy Judge
Alan S. Trust oversees the case.  The petitions were signed by
Raymond F. Kunzmann as chief financial officer.


Attorneys at Goodwin Procter, LLP and Togut, Segal & Segal, LLP
serve as counsel to the Debtors.  Epiq Bankruptcy Solutions, LLC,
is the claims and notice agent.  BG Strategic Advisors, LLC, is
the financial advisor.   Richter Consulting, Inc., is the
investment banker.

PETRON ENERGY: Bob Currier Named Chief Financial Officer
--------------------------------------------------------
Bob Currier was appointed to serve as the chief financial officer
of Petron Energy II, Inc., and has accepted that appointment.  In
connection with Mr. Currier's appointment as CFO, the Company
entered into an Officer Employment Agreement with Mr. Currier,
effective July 1, 2013, which provides for an initial term of one
year, subject to automatic one year renewals thereafter unless the
agreement is terminated in accordance with its terms.  Pursuant to
the terms of the Employment Agreement, Mr. Currier is entitled to
receive an annual base salary of $174,000 and will be issued
warrants, on an annual basis, to purchase the common stock of the
Company.  Mr. Currier will be subject to confidentiality
restrictions as well as non-competition restrictions for a period
of 12 months following any termination of his employment.

Mr. Currier has a CPA certificate and has over 35 years of
experience both in the public accounting and corporate sectors.
Since 1987, Mr. Currier has been involved with entrepreneurial
ventures in industries ranging from medical to real estate to oil
and gas.  With these companies, he has been responsible for
developing financial reporting systems, helping raise capital,
implementing internal controls and budget preparation.  His
experience has included both public and private entrepreneurial
companies.  He has also worked on SEC reporting engagements on a
contract basis.

Mr. Currier is not related to any officer or Director of the
Company.

Amends Certificate of Incorporation

Petron Energy, on June 28, 2013, filed an Amended Certificate of
Designation with the Nevada Secretary of State revising the terms
of the class of the Company's Series B Convertible Preferred
Stock.  The Amended Designation was approved by the Holders of 100
percent of the issued and outstanding shares of the Preferred
Stock on June 27, 2013.

The Amended Designation revised the terms pursuant to which shares
of the Company's Preferred Stock are converted into shares of the
Company's Common Stock.  Under the Original Designation, shares of
the Company's Preferred Stock were converted into shares of the
Company's Common Stock based on a fixed Conversion Price
determined in accordance with the terms of the Original
Designation.  Under the Amended Designation, shares of the
Company's Preferred Stock are converted into shares of the
Company's Common Stock based on a Conversion Price that will be
determined at the time of each Conversion, in accordance with the
terms of the Original Designation.

                        About Petron Energy

Dallas-based Petron Energy II, Inc., is engaged primarily in the
acquisition, development, production, exploration for and the sale
of oil, gas and gas liquids in the United States.  As of Dec. 31,
2011, the Company is operating in the states of Texas and
Oklahoma.  In addition, the Company operates two gas gathering
systems located in Tulsa, Wagoner, Rogers and Mayes counties of
Oklahoma.  The pipeline consists of approximately 132 miles of
steel and poly pipe, a gas processing plant and other ancillary
equipment.  The Company sells its oil and gas products primarily
to a domestic pipeline and to another oil company.

The Company's balance sheet at March 31, 2013, showed
$2.24 million in total assets, $3.47 million in total liabilities,
and a stockholders' deficit of $1.23 million

"The Company has incurred a net loss of $383,589 for the quarter
ended March 31, 2013 (2012 - $6,552,438) and at March 31, 2013,
had an accumulated deficit of $20,204,812 (2012 ? $19,711,848).
While the Company has recognized revenues from operations, the
revenues generated are not sufficient to sustain operations.  The
Company does not have sufficient funds to acquire new business
assets or maintain its existing operations at this time.
Management's plan is to raise equity and/or debt financing as
required but there is no certainty that such financing will be
available or that it will be available at acceptable terms.  The
outcome of these matters cannot be predicted at this time,"
according to the Company's quarterly report for the period ended
March 31, 2013.

KWCO, PC, in Odessa, TX, issued a "going concern" qualification on
the consolidated financial statements for the year ended Dec. 31,
2012.  The independent auditors noted that the Company's
significant operating losses since inception raise substantial
doubt about its ability to continue as a going concern.


PETTERS COMPANY: GE Unit May Have Aided Ponzi Scheme, Judge Finds
-----------------------------------------------------------------
Law360 reported that a Florida investment firm's suit against
General Electric Capital Corp. was kept alive by a U.S. Bankruptcy
judge who ruled there was enough evidence to support the
investors' claim that GECC participated in the third-largest Ponzi
scheme in history.

According to the report, in a decision handed down Aug. 23, U.S.
Bankruptcy Judge Paul G. Hyman tossed eight of Palm Beach Finance
Partners LP's nine claims against GECC but kept alive a claim that
the lender knew of and perhaps committed at least one overt act
that furthered the scheme.

                    About Petters Company, Inc.

Based in Minnetonka, Minn., Petters Group Worldwide LLC is a
collection of some 20 companies, most of which make and market
consumer products.  It also works with existing brands through
licensing agreements to further extend those brands into new
product lines and markets.  Holdings include Fingerhut (consumer
products via its catalog and Web site), SoniqCast (maker of
portable, WiFi MP3 devices), leading instant film and camera
company Polaroid (purchased for $426 million in 2005), Sun Country
Airlines (acquired in 2006), and Enable Holdings (online
marketplace and auction for consumers and manufacturers' overstock
inventory).  Founder and chairman Tom Petters formed the company
in 1988.

Petters Company, Inc., is the financing and capital-raising unit
of Petters Group Worldwide.

Thomas Petters, the founder and former CEO of Petters Group, has
been indicted and a criminal proceeding against him is proceeding
in the U.S. District Court for the District of Minnesota.

Petters Company, Petters Group Worldwide and eight other
affiliates filed separate petitions for Chapter 11 protection
(Bankr. D. Minn. Lead Case No. 08-45257) on Oct. 11, 2008.  In its
petition, Petters Company estimated its debts at $500 million and
$1 billion.  Parent Petters Group Worldwide estimated its debts at
not more than $50,000.

Fruth, Jamison & Elsass, PLLC, represents Douglas Kelley, the duly
appointed Chapter 11 Trustee of Petters Company, Inc., et al.  The
trustee tapped Haynes and Boone, LLP as special counsel, and
Martin J. McKinley as his financial advisor.

Petters Aviation, LLC, and affiliates MN Airlines, LLC, doing
business as Sun Country Airlines, Inc., and MN Airline Holdings,
Inc., filed separate petitions for Chapter 11 bankruptcy
protection (Bankr. D. Minn. Case Nos. 08-45136, 08-35197 and
08-35198) on Oct. 6, 2008.  Petters Aviation is a wholly owned
unit of Thomas Petters Inc. and owner of MN Airline Holdings, Sun
Country's parent company.


PLC SYSTEMS: Posts $7.9 Million Net Income in Second Quarter
------------------------------------------------------------
PLC Systems Inc. reported net income of $7.94 million on $372,000
of revenues for the three months ended June 30, 2013, as compared
with a net loss of $1.44 million on $363,000 of revenues for the
same period during the prior year.

For the six months ended June 30, 2013, the Company reported net
income of $137,000 on $721,000 of revenues, as compared with a net
loss of $8.22 million on $383,000 of revenues for the same period
a year ago.

The Company's balance sheet at June 30, 2013, showed $2.27 million
in total assets, $12 million in total liabilities and a $9.73
million stockholders' deficit.

"We are pleased with the increase in revenue in the first half of
2013, which is recognized mainly through the sale of single-use
sets," commented Mark R. Tauscher, president and chief executive
officer of PLC Medical Systems.  "The continual increase in these
kits substantiates our efforts in expanding patient use of our
RenalGuard device to prevent contrast induced Acute Kidney Injury
(AKI).  We will continue to focus on increasing distribution of
the RenalGuard consoles and creating awareness to the medical
community."

Mr. Tauscher continued, "This quarter, we have started to explore
applications outside contrast induced AKI which would expand the
use of our CE Marked RenalGuard.  In these areas, we are looking
for other procedures where RenalGuard's real-time fluid management
may be required to produce better patient outcomes."

A copy of the Form 10-Q is available for free at:

                       http://is.gd/CFsv0l

                         About PLC Systems

Milford, Massachusetts-based PLC Systems Inc. is a medical device
company specializing in innovative technologies for the cardiac
and vascular markets.  The Company's key strategic growth
initiative is its newest marketable product, RenalGuard(R).
RenalGuard is designed to reduce the potentially toxic effects
that contrast media can have on the kidneys when it is
administered to patients during certain medical imaging
procedures.

PLC Systems disclosed a net loss of $8.38 million on $1.08 million
of revenue for the year ended Dec. 31, 2012, as compared with a
net loss of $5.75 million on $671,000 of revenue in 2011.

McGladrey LLP, in Boston, Massachusetts, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2012.  The independent auditors noted that the
Company has sustained recurring net losses and negative cash flows
from continuing operations, which raises substantial doubt about
its ability to continue as a going concern.


PLUG POWER: Incurs $9.3 Million Net Loss in Second Quarter
----------------------------------------------------------
Plug Power Inc. filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
attributable to common shareholders of $9.33 million on $7.12
million of product and service revenue for the three months ended
June 30, 2013, as compared with a net loss attributable to common
shareholders of $6.47 million on $7.20 million of product and
service revenue for the same period during the prior year.

For the six months ended June 30, 2013, the Company reported a net
loss attributable to common shareholders of $17.91 million on
$13.17 million of product and service revenue, as compared with a
net loss attributable to common shareholders of $13.06 million on
$14.43 million of product and service revenue for the same period
a year ago.

As of June 30, 2013, the Company had $36.38 million in total
assets, $26.96 million in total liabilities, $2.45 million in
series C redeemable convertible preferred stock and $6.96 million
in total stockholders' equity.

                        Bankruptcy Warning

"Our cash requirements relate primarily to working capital needed
to operate and grow our business, including funding operating
expenses, growth in inventory to support both shipments of new
units and servicing the installed base, and continued development
and expansion of our products.  Our ability to meet our future
liquidity needs, capital requirements, and to achieve
profitability will depend upon numerous factors, including the
timing and quantity of product orders and shipments; the timing
and amount of our operating expenses; the timing and costs of
working capital needs; the timing and costs of building a sales
base; the timing and costs of developing marketing and
distribution channels; the timing and costs of product service
requirements; the timing and costs of hiring and training product
staff; the extent to which our products gain market acceptance;
the timing and costs of product development and introductions; the
extent of our ongoing and any new research and development
programs; and changes in our strategy or our planned activities.
If we are unable to fund our operations without additional
external financing and therefore cannot sustain future operations,
we may be required to delay, reduce and/or cease our operations
and/or seek bankruptcy protection," the Company said in the
filing.

A copy of the Form 10-Q is available for free at:

                        http://is.gd/dCHbDY

                          About Plug Power

Plug Power Inc. is a provider of alternative energy technology
focused on the design, development, commercialization and
manufacture of fuel cell systems for the industrial off-road
(forklift or material handling) market.

KPMG LLP, in Albany, New York, expressed substantial doubt about
Plug Power's ability to continue as a going concern, following
their audit of the Company's financial statements for the year
ended Dec. 31, 2012, citing the Company's recurring losses from
operations and substantial decline in working capital.


PROVISION HOLDING: Inks Advertising Agreement with Rite Aid
-----------------------------------------------------------
Provision Interactive Technologies, Inc., the operating subsidiary
of Provision Holding, Inc., entered into a Point of Sales
Advertising Agreement with Rite Aid Headquarters, Corp.  Pursuant
to the Agreement, Rite Aid has agreed to allow PITI to place 3D
holographic based kiosks in all Rite Aid retail stores for the
purposes of displaying advertisements, promotions, sweepstakes,
samples, coupons and other consumer based or Rite Aid programs
that the parties may agree on.  The term of the Agreement is three
and one-half years from the first month following the date of full
installation, and will renew automatically at the end of the three
and one-half year term.

Pursuant to the Agreement, PITI will have the exclusive right to
sell advertising on the 3D Kiosks, and will be the sole provider
of 3D and all agreed upon 2D digital signage, interactive and non-
interactive, in each Rite Aid location housing a 3D Kiosk.  PITI
will be responsible for the installation, technical support, and
network management of each 3D Kiosk.  Rite Aid will be responsible
for providing a suitable location for each 3D Kiosk at the front
entrance of the store, as well as providing in-store support and
marketing support for each 3D Kiosk.  Rite Aid also has the right
to add programs to utilize the 3D Kiosk as a portal for Rite Aid
branded programs.

                       About Provision Holding

Based in Chatsworth, Calif., Provision Holding, Inc., is focused
on the development and distribution of its patented three-
dimensional, holographic interactive displays focused at grabbing
and holding consumer attention particularly and initially in the
advertising and product merchandising markets.

The Company's balance sheet at March 31, 2011, showed
$1.16 million in total assets, $6.06 million in total liabilities
and a $4.89 million total stockholders' deficit.

As reported in the Troubled Company Reporter on Nov. 23, 2010,
Farber Hass Hurley LLP, in Camarillo, California, expressed
substantial doubt about Provision Holding, Inc.'s ability to
continue as a going concern, following the Company's fiscal year
ended June 30, 2010.  The independent auditors noted that the
Company has incurred significant losses in 2010 and 2009 and has
negative working capital of $4.3 million.


PRESSURE BIOSCIENCES: Incurs $1.2 Million Net Loss in Q2
--------------------------------------------------------
Pressure Biosciences, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q for the
period ended June 30, 2013, disclosing a net loss applicable to
common shareholders of $1.17 million on $357,736 of total revenue
for the three months ended June 30, 2013, as compared with a net
loss applicable to common shareholders of $1.08 million on
$324,908 for the same period during the prior year.

For the six months ended June 30, 2013, the Company reported a net
loss applicable to common shareholders of $2.56 million on
$728,474 of total revenue, as compared with a net loss applicable
to common shareholders of $2.17 million on $630,569 of total
revenue for the same period a year ago.

The Company's balance sheet at June 30, 2013, showed $1.43 million
in total assets, $2.65 million in total liabilities and a $1.21
million total stockholders' deficit.

The Company was unable to timely file its report on Form 10-Q for
the quarter ended June 30, 2013, due to an unanticipated delay in
connection with the Securities and Exchange Commission.

A copy of the Form 10-Q is available for free at:

                        http://is.gd/kcy5WR

                    About Pressure Biosciences

Pressure BioSciences, Inc., headquartered in South Easton,
Massachusetts, holds 14 United States and 10 foreign patents
covering multiple applications of pressure cycling technology in
the life sciences field.

Pressure Biosciences disclosed a net loss applicable to common
shareholders of $4.40 million on $1.23 million of total revenue
for the year ended Dec. 31, 2012, as compared with a net loss
applicable to common shareholders of $5.10 million on $987,729 of
total revenue for the year ended Dec. 31, 2011.

Marcum LLP, in Boston, Massachusetts, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2012.  The independent auditors noted that
the Company has had recurring net losses and continues to
experience negative cash flows from operations.  These conditions
raise substantial doubt about its ability to continue as a going
concern.


PURADYN FILTER: Incurs $474,000 Net Loss in Second Quarter
----------------------------------------------------------
Puradyn Filter Technologies Incorporated reported a net loss of
$474,215 on $600,390 of net sales for the three months ended
June 30, 2013, as compared with a net loss of $273,119 on $804,099
of net sales for the same period during the prior year.

For the six months ended June 30, 2013, the Company reported a net
loss of $890,899 on $1.17 million of net sales, as compared with a
net loss of $505,097 on $1.55 million of net sales for the same
period during the prior year.

Kevin G. Kroger, president and COO, noted, "The second quarter of
2013 was not as strong as the same time period last year, as a
couple of our larger distributors' sales are below their business
for same period.  However, we continue to focus on efforts to add
to our overall distributor base, as exemplified by our
announcement last week in a release that we have entered into
Puradyn's first ever exclusive distributorship agreement in the
commercial marine industry with MER Equipment."

Kroger concluded, "Our technology is gaining understanding and
acceptance; however, there continues to be a slow process of
transitioning from a verbal commitment to actual purchase order.
The industry trade magazine coverage over the past 12 months or
so, which has promoted the direct and indirect benefits of our
product's performance to the bottom line, is helping to shorten
that time between verbal commitment and actual purchase order
release.  For the remainder of 2013, we remain confident in our
overall strategy and targeted markets."

A copy of the press release is available for free at:

                         http://is.gd/5eVsoP

                         About Puradyn Filter

Boynton Beach, Fla.-based Puradyn Filter Technologies Incorporated
(OTC BB: PFTI) designs, manufactures and markets the puraDYN's Oil
Filtration System.

Puradyn Filter reported a net loss of $2.22 million on $2.57
million of net sales for the year ended Dec. 31, 2012, as compared
with a net loss of $1.61 million on $2.67 million of net sales
during the prior year.

Liggett, Vogt & Webb, P.A., in Boynton Beach, Florida, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2012.  The independent
auditors noted that the Company has suffered recurring losses from
operations, its total liabilities exceed its total assets, and it
has relied on cash inflows from an institutional investor and
current stockholder.  These conditions raise substantial doubt
about the Company's ability to continue as a going concern.


QUALITY DISTRIBUTION: G. Enzor Succeeds T. White as New Chairman
----------------------------------------------------------------
Quality Distribution, Inc.'s Board of Directors has elected Chief
Executive Officer Gary R. Enzor as its new chairman of the Board
of Directors and named Alan H. Schumacher to the newly created
position of lead independent director, effective immediately.  Mr.
Enzor succeeds Thomas M. White who, as previously announced,
resigned from the Board in connection with the recently completed
share sale by certain shareholders, including Apollo Global
Management, LLC.

"Gary has been CEO of Quality for six years and during that time
has proven himself with outstanding leadership and understanding
of the logistics industry," said Mr. Schumacher.  "I am pleased
that Gary has accepted the additional leadership position of
chairman of the Board.  His strategic leadership and deep industry
knowledge will be of great benefit to both the company and to our
shareholders in this added role."

Mr. Enzor has been CEO of Quality since 2007 and been a member of
the Board of Directors since 2008.  Prior to joining the company,
Mr. Enzor served as executive vice president and chief financial
officer of Swift Transportation Company, Inc., and held executive
positions with Dell Computer and Honeywell.

The Board named Mr. Schumacher to the newly-created position of
lead independent director as a continuation of Quality's focus on
sound corporate governance and to maintain strong oversight by the
Board's independent directors.  As lead independent director, Mr.
Schumacher will preside over executive sessions of the independent
directors and work closely with the chairman.  Four of the five
members of the Board are independent.

"Alan has distinguished himself as chair of our Audit Committee
over the last nine years and his knowledge, experience and
insights will serve us well in his new role as lead independent
director.  Alan's new role will also further our strong governance
practices and ensure an independent leadership voice, while
facilitating the Board's productivity and efficiency," said Mr.
Enzor.

Mr. Schumacher has been a director of Quality since May 2004.  Mr.
Schumacher was a member of the Federal Accounting Standards
Advisory Board from 2002 to 2012.  From 1977 to 2000, he served in
various financial positions at American National Can and American
National Can Group, the last four years serving as Executive Vice
President and Chief Financial Officer.  Mr. Schumacher is a
director of BlueLinx Holdings, Inc., EVERTEC, Inc., North American
Bus Industries, School Bus Holdings, Inc. and Noranda Aluminum
Holding Corporation.

The resignations from the Board of Directors of Ali Rashid and
Thomas M. White, Chairman of the Board, became effective on
Aug. 14, 2013.  In connection with the resignations, the Board of
Directors committee compositions have changed.  The compensation
committee is now comprised of: Richard B. Marchese, Thomas R.
Miklich and Mr. Schumacher, with Mr. Miklich serving as chairman.
The Board has determined that each member of the compensation
committee is independent and satisfies the further independence
requirements for compensation committee members expected to become
effective in 2014, all within the meaning of applicable NASDAQ
rules.  The corporate governance committee is now comprised of:
Mr. Miklich, Annette M. Sandberg and Mr. Schumacher, with Ms.
Sandberg serving as chairman.  The Board has determined that each
member of the corporate governance committee is independent within
the meaning of applicable NASDAQ rules.  The composition of the
audit committee is unchanged while the executive committee has
been dissolved.

Bylaws Amendment

Effective Aug. 14, 2013, the Board of Directors of Quality
Distribution amended the Amended and Restated By-Laws of the
Company.  The amendments empower the Company's newly appointed
lead independent director and its Chief Executive Officer, in
addition to all of those persons who are currently so empowered,
to call special meetings of the Board of Directors.  The Amended
and Restated By-Laws of the Company are otherwise unchanged.  A
copy of the amended Bylaws is available for free at:

                        http://is.gd/DvlCFq

                     About Quality Distribution

Quality Distribution, LLC, and its parent holding company, Quality
Distribution, Inc., are headquartered in Tampa, Florida.  The
company is a transporter of bulk liquid and dry bulk chemicals.
The company's 2010 revenues are approximately $686 million.

Apollo Management, L.P., owns roughly 30 percent of the common
stock of Quality Distribution, Inc.

Quality Distribution reported net income of $50.07 million for the
year ended Dec. 31, 2012, as compared with net income of $23.43
million in 2011.

As of June 30, 2013, the Company had $474.39 million in total
assets, $516.44 million in total liabilities and a $42.04 million
total shareholders' deficit.

                        Bankruptcy Warning

According to the Company's annual report for the period ended
Dec. 31, 2012, the Company had consolidated indebtedness and
capital lease obligations, including current maturities, of $418.8
million as of Dec. 31, 2012.  The Company must make regular
payments under the ABL Facility and its capital leases and semi-
annual interest payments under its 2018 Notes.

The Company's 2018 Notes issued in the quarter ended Dec. 31,
2010, carry high fixed rates of interest.  In addition, interest
on amounts borrowed under the Company's ABL Facility is variable
and will increase as market rates of interest increase.  The
Company does not presently hedge against the risk of rising
interest rates.  The Company's higher interest expense may reduce
its future profitability.  The Company's future higher interest
expense and future redemption obligations could have other
important consequences with respect to the Company's ability to
manage its business successfully, including the following:

   * it may make it more difficult for the Company to satisfy its
     obligations for its indebtedness, and any failure to comply
     with these obligations could result in an event of default;

   * it will reduce the availability of the Company's cash flow to
     fund working capital, capital expenditures and other business
     activities;

   * it increases the Company's vulnerability to adverse economic
     and industry conditions;

   * it limits the Company's flexibility in planning for, or
     reacting to, changes in the Company's business and the
     industry in which the Company operates;

   * it may make the Company more vulnerable to further downturns
     in its business or the economy; and

   * it limits the Company's ability to exploit business
     opportunities.

The ABL Facility matures August 2016.  However, the maturity date
of the ABL Facility may be accelerated if the Company defaults on
its obligations.

"If the maturity of the ABL Facility and/or such other debt is
accelerated, we may not have sufficient cash on hand to repay the
ABL Facility and/or such other debt or be able to refinance the
ABL Facility and/or such other debt on acceptable terms, or at
all.  The failure to repay or refinance the ABL Facility and/or
such other debt at maturity would have a material adverse effect
on our business and financial condition, would cause substantial
liquidity problems and may result in the bankruptcy of us and/or
our subsidiaries.  Any actual or potential bankruptcy or liquidity
crisis may materially harm our relationships with our customers,
suppliers and independent affiliates."


                           *    *     *

As reported in the TCR on June 28, 2013, Moody's Investors Service
upgraded Quality Distribution, LLC's Corporate Family Rating to B2
from B3 and Probability of Default Rating to B2-PD from B3-PD.

The upgrade of Quality's CFR to B2 was largely driven by the
expectation that credit metrics will improve over the next twelve
to eighteen months, through a combination of EBITDA growth and
debt paydowns, to levels consistent with the B2 rating level.  The
company is in the process of integrating the bolt-on acquisitions
made in its Energy Logistics business sector since 2011.


RADIOSHACK CORP: William Nebes No Longer Serves as SVP-Mexico
-------------------------------------------------------------
William Nebes, III, separated from RadioShack Corporation and no
longer will serves as senior vice president - Mexico.  Michael
Montes will assume Mr. Nebes' role as vice president and managing
director of Mexico operations.  Mr. Montes is a 12 year veteran of
RadioShack, having spent years as a successful field operations
leader in both Florida and Texas.

                   About Radioshack Corporation

RadioShack (NYSE: RSH) -- -- http://www.radioshackcorporation.com
-- is a national retailer of innovative mobile technology products
and services, as well as products related to personal and home
technology and power supply needs.  RadioShack's retail network
includes more than 4,300 company-operated stores in the United
States, 270 company-operated stores in Mexico, and approximately
1,000 dealer and other outlets worldwide.

Radioshack disclosed a net loss of $139.4 million in 2012, as
compared with net income of $72.2 million in 2011.  As of June 30,
2013, the Company had $1.85 billion in total assets, $1.34 billion
in total liabilities and $506.6 million in total stockholders'
equity.

                           *     *     *

As reported by the TCR on Nov. 23, 2012, Standard & Poor's Ratings
Services lowered its corporate credit and senior unsecured debt
ratings on Fort Worth, Texas-based RadioShack Corp. to 'CCC+' from
'B-'.  "The downgrade of RadioShack reflects our view that it will
be very difficult for the company to improve its gross margin in
the fourth quarter of this year, given the highly promotional
nature of year-end holiday retailing in the wireless and consumer
electronic categories," said Standard & Poor's credit analyst
Jayne Ross.

In the July 27, 2012, edition of the TCR, Fitch Ratings has
downgraded its long-term Issuer Default Rating (IDR) for
RadioShack Corporation to 'CCC' from 'B-'.  The downgrade reflects
the significant decline in RadioShack's profitability, which has
become progressively more pronounced over the past four quarters.

As reported by the TCR on March 6, 2013, Moody's Investors Service
downgraded RadioShack Corporation's corporate family rating to
Caa1 from B3 and probability of default rating to Caa1-PD from B3-
PD.  RadioShack's Caa1 Corporate Family Rating reflects Moody's
opinion that the overall business strategy of the company to
reverse the decline in profitability has not gained any traction.


REEVES DEVELOPMENT: Plan Outline Hearing Continued to Sept. 19
--------------------------------------------------------------
The Bankruptcy Court continued to Sept. 19, 2013, at 10:30 a.m.
the hearing to consider the adequacy of information in the
Disclosure Statement for Reeves Development Company, LLC's Plan of
Reorganization.

As reported in the Troubled Company Reporter on March 27, 2013,
the Plan provides that on the effective date, all allowed accrued
interest calculated at the non-default contractual rate of 4% per
annum plus any amounts allowed by the Court will be capitalized
and added to the outstanding principal balance due under the note
issued by Iberia Bank.  The maturity of the Iberia Note will be
extended to 60 months from the Effective Date.  The Debtor will
then repay the New Principal Balance with interest accruing at the
non-default contractual rate of 4% per annum from the Effective
Date.

Holders of Allowed Secured Vendor Claims will receive quarterly
interest payments equal to 2% per annum on the outstanding
principal balance, plus an amount equal to the claim holders' pro
rata share as to the total allowed outstanding principal balances
of the total claims of an amount equal to $1,500 per acre for each
acre of land sold by the Debtor.

Branch Banking and Trust has agreed to a settlement of its
unsecured claims against the Debtor in exchange for certain
concessions from the Debtor's affiliated company, Houma Dollar
Partners, LLC.  In exchange for these concessions, the Debtor has
agreed to forgo any payments due from Houma Dollar Partners.  The
arrangement is subject to court approval in the bankruptcy case of
Houma Dollar Partners, LLC Case No. 12-20649.

The Allowed General Unsecured Claims, which class of claims
includes potential contract offset claims of $152,552, will be
paid quarterly interest payments equal to 2% of the outstanding
balance of the approved claim.

The Holder of the Subordinated Claim of Reeves Commercial
Properties, LLC, agrees that it will not receive any payments for
its claims, until all other approved claims under the Plan have
been paid in full.

Equity holders have likewise agreed to forgo any payments under
the Plan until all creditors have received principal payments
totaling 50% of the approved balance as of the effective date.
Any payments to Equity holders allowed under the Plan will be
limited to an amount equal to the tax liability passed through to
the equity holders by the Debtor.

                    About Reeves Development

Reeves Development Company, LLC, a commercial and residential real
estate developer, filed a Chapter 11 petition (Bankr. W.D. La.
Case No. 12-21008) in Lake Charles, Louisiana, on Oct. 30, 2012.
The closely held developer was founded in 1998 by Charles Reeves
Jr., its sole owner.  Reeves Development has about 80 employees
and generates about $40 million in annual revenue, according to
its Web site.

Bankruptcy Judge Robert Summerhays oversees the case.  Arthur A.
Vingiello, Esq. -- avingiello@steffeslaw.com -- at Steffes,
Vingiello & McKenzie, LLC, in Baton Rogue, Louisiana, represents
the Debtor as counsel.

Reeves Development scheduled assets of $15,454,626 and liabilities
of $20,156,597 as of the Petition Date.

Affiliate Reeves Commercial Properties, LLC (Bankr. W.D. La. Case
No. 12-21009) also sought court protection.


REFLECT SCIENTIFIC: Incurs $87,600 Net Loss in Second Quarter
-------------------------------------------------------------
Reflect Scientific, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
a net loss of $87,675 on $296,271 of revenues for the three months
ended June 30, 2013, as compared with a net loss of $213,005 on
$357,697 of revenues for the same period during the prior year.

For the six months ended June 30, 2013, the Company reported a net
loss of $198,827 on $564,965 of revenues, as compared with a net
loss of $472,299 on $682,714 of revenues for the same period a
year ago.

The Company's balance sheet at June 30, 2013, showed $1.14 million
in total assets, $1.30 million in total liabilities and a $162,695
total shareholders' deficit.

A copy of the Form 10-Q is available for free at:

                        http://is.gd/tmobAT

                      About Reflect Scientific

Orem, Utah-based Reflect Scientific, Inc., is engaged in the
manufacture and distribution of innovative products targeted at
the life science market.  Customers include hospitals and
diagnostic laboratories, pharmaceutical and biotech companies,
universities, government and private sector research facilities,
and chemical and industrial companies.

Reflect Scientific disclosed net income of $200,917 on $1.32
million of revenue for the year ended Dec. 31, 2012, as compared
with a net loss of $1.18 million on $1.98 million of revenue in
2011.

Mantyla McReynolds, LLC, in Salt Lake City, Utah, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2012.  The independent auditors noted
that the Company has experienced recurring losses from operations
and negative working capital.  The Company is in default on its
debentures.  These factors raise substantial doubt about its
ability to continue as a going concern.


REGIONAL EMPLOYERS: Sec. 341(a) Meeting Continued to Sept. 24
-------------------------------------------------------------
The Section 341(a) meeting of creditors in the bankruptcy case of
Regional Employers Assurance Leagues Voluntary Employees'
Beneficiary Association Trust has been continued to Sept. 24,
2013, at 2:00 p.m.

            About Regional Employers Assurance Leagues
        Voluntary Employees' Beneficiary Association Trust

Regional Employers Assurance Leagues Voluntary Employees'
Beneficiary Association Trust, filed a Chapter 11 petition (Bankr.
E.D. Pa. Case No. 13-16440) on July 23, 2013.  Judge Jean K.
FitzSimon presides over the case.

The Debtor estimated assets at $50 million to $100 million and
debts at $1 million to $10 million.  The petition was signed by
John J. Koresko, V, director of trustee and administrator.

The Debtor filed a motion to employ Matthew A. Hamermesh, Esq., at
Hangley Aronchick Segal Pudlin & Schiller, in Philadelphia, as
counsel, but the motion was denied by the Bankruptcy Court.


REGIONAL EMPLOYERS: Hearing on UST's Dismissal Bid on Sept. 3
-------------------------------------------------------------
The telephonic hearing to consider the motion of the United States
Trustee for Region 3 dismissing the Chapter 11 case of Regional
Employers Assurance Leagues Voluntary Employees Beneficiary
Association Trust ("REAL VEBA Trust") is continued to Sept. 3,
2013, at 12:00 p.m. and Sept. 4, 2013, at 10:00 a.m. 08/19/2013

The U.S. Trustee for Region 3 is seeking dismissal of the case,
arguing, among other things, that:

   1. the Debtor has no employees and conducts no business but is
      administered by other affiliated parties, (who are also
      Debtors) before the court;

   2. the Debtor cannot reorganize and that its bankruptcy has no
      business purpose; and

   3. the sole purpose of filing for bankruptcy relief was an
      attempt to stay a police powers action bought by the U.S.
      Department of Labor pending in the U.S. District Court for
      the Eastern District of Pennsylvania, and hence not
      commenced in good faith.

REAL VEBA Trust and Single Employer Welfare Benefit Plan Trust
("SEWBP Trust") have countered that as business trusts, are
eligible to be Debtors, according to court documents filed Aug.
12, 2013.

The Debtors also aver in a supplemental memorandum filed Aug. 19,
2013, that the U.S. Trustee's "bad faith" allegations do not
warrant dismissal of the Chapter 11 cases.  A copy of the
supplemental memorandum is available at:

       http://bankrupt.com/misc/regionalemployers.doc59.pdf

The U.S. Trustee has claimed that that the Debtors' voluntary
petitions were filed in bad faith, solely for the purpose of
frustrating litigation brought by the Secretary of Labor in the
United States District Court for the Eastern District of
Pennsylvania.

            About Regional Employers Assurance Leagues
        Voluntary Employees' Beneficiary Association Trust

Regional Employers Assurance Leagues Voluntary Employees'
Beneficiary Association Trust, filed a Chapter 11 petition (Bankr.
E.D. Pa. Case No. 13-16440) on July 23, 2013.  Judge Jean K.
FitzSimon presides over the case.

The Debtor estimated assets at $50 million to $100 million and
debts at $1 million to $10 million.  The petition was signed by
John J. Koresko, V, director of trustee and administrator.

The Debtor filed a motion to employ Matthew A. Hamermesh, Esq., at
Hangley Aronchick Segal Pudlin & Schiller, in Philadelphia, as
counsel, but the motion was denied by the Bankruptcy Court.


RESIDENTIAL CAPITAL: To Present Plan for Confirmation on Nov. 19
----------------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Residential Capital LLC will appear in bankruptcy
court on Nov. 19 for approval of the reorganization plan funded in
part by a $2.1 billion settlement with the non-bankrupt parent
Ally Financial Inc.

According to the report, the bankruptcy judge in New York approved
disclosure materials on Aug. 23, allowing creditors to vote on the
plan for Ally's mortgage-servicing subsidiary. Nov. 19 is also the
date for a hearing on approval of class suits pending 10 years on
behalf of homeowners who filed $1.87 billion in claims for
wrongful settlement charges and improper title examination fees.

The report notes that approval of the disclosure statement doesn't
mean the confirmation hearing will be non-controversial. ResCap
fended off several objections to the disclosure statement by
saying they aren't properly raised until the confirmation hearing.
Creditors will finish voting on the plan on Oct. 21, the
last day for filing objections to plan.  The vote tally will be
filed by Nov. 5.

Last week the judge extended ResCap's exclusive plan-filing rights
until Nov. 14. Because bankruptcy law doesn't allow exclusivity to
last more than 18 months, creditors would theoretically be
entitled to submit a competing plan if ResCap's is delayed or
defeated.

The report discloses that the most vigorous opposition to the plan
may come from junior secured creditors who contend they should be
paid in full, with post-bankruptcy interest.  Even if that class
votes against the plan, it still could be approved using the so-
called cramdown process.

Last week the bankruptcy judge approved procedures for giving
notice about the class settlement.  If approved in November, the
settlement will give the class of homeowners an approved unsecured
claim against Residential Funding Co. LLC for $300 million.  For
the claim, $56.6 million will be placed in a special trust for
distribution to class members, after payment of attorneys' fees.

The Chapter 11 plan provides holders of ResCap's $2.147 billion in
general unsecured claims a 36.3 percent recovery, according to the
disclosure statement.  Unsecured creditors with $2 billion in
claims against the so-called GMACM companies are predicted to have
a 30.1 percent recovery.

                   About Residential Capital

Residential Capital LLC, the unprofitable mortgage subsidiary of
Ally Financial Inc., filed for bankruptcy protection (Bankr.
S.D.N.Y. Lead Case No. 12-12020) on May 14, 2012.  Neither Ally
Financial nor Ally Bank is included in the bankruptcy
filings.

ResCap, one of the country's largest mortgage originators and
servicers, was sent to Chapter 11 with 50 subsidiaries amid
"continuing industry challenges, rising litigation costs and
claims, and regulatory uncertainty," according to a company
statement.

ResCap disclosed $15.68 billion in assets and $15.28 billion in
liabilities at March 31, 2012.

Centerview Partners LLC and FTI Consulting are acting as financial
advisers to ResCap.  Morrison & Foerster LLP is acting as legal
adviser to ResCap.  Curtis, Mallet-Prevost, Colt & Mosle LLP is
the conflicts counsel.  Rubenstein Associates, Inc., is the public
relations consultants to the Company in the Chapter 11 case.
Morrison Cohen LLP is advising ResCap's independent directors.
Kurtzman Carson Consultants LLP is the claims and notice agent.

Ray C. Schrock, Esq., at Kirkland & Ellis LLP, in New York, serves
as counsel to Ally Financial.

ResCap sold most of the businesses for a combined $4.5 billion.
The Bankruptcy Court in November 2012 approved ResCap's sale of
its mortgage servicing and origination platform assets to Ocwen
Loan Servicing, LLC and Walter Investment Management Corporation
for $3 billion; and its portfolio of roughly 50,000 whole loans to
Berkshire Hathaway for $1.5 billion.

Bankruptcy Creditors' Service, Inc., publishes RESIDENTIAL CAPITAL
BANKRUPTCY NEWS.  The newsletter tracks the Chapter 11 proceeding
undertaken by affiliates of Residential Capital LLC and its
affiliates (http://bankrupt.com/newsstand/or 215/945-7000).


REVSTONE INDUSTRIES: Has Until Oct. 31 to File Chapter 11 Plan
--------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware further
extended Revstone Industries, LLC, et al.'s exclusive periods to
file a Chapter 11 Plan until Oct. 31, 2013, and solicit
acceptances for that Plan until Dec. 31.

As reported in the Troubled Company Reporter on Aug. 12, 2013, the
Debtors sought exclusivity extensions as to all parties, except
for the Official Committee of Unsecured Creditors for the Chapter
11 case of Revstone.

The Debtors related that a previous extension order provided that
the extension of the exclusivity period as to the Revstone
Committee would immediately terminate in the event that the
Debtors breached any of the milestones, and failed to cure any
breach within the grace period after following receipt of a notice
from the Revstone Committee asserting the breach.  On June 19, the
exclusivity periods terminated as to the Revstone Committee.

On July 8, the Revstone Committee filed a Plan of Reorganization
for the Debtors.  An Aug. 21 hearing was set for approval of the
Revstone Committee's Disclosure Statement.

On July 22, Revstone filed its own Plan of Reorganization.  The
Debtor also scheduled a hearing on Aug. 21 to seek approval of
the Debtor's Disclosure Statement.

                 About Revstone Industries et al.

Lexington, Kentucky-based Revstone Industries LLC, a maker of
truck parts, filed for Chapter 11 bankruptcy (Bankr. D. Del. Case
No. 12-13262) on Dec. 3, 2012.  Judge Brendan Linehan Shannon
oversees the case.  Laura Davis Jones, Esq., at Pachulski Stang
Ziehl & Jones LLP represents Revstone.  In its petition, Revstone
estimated under $50 million in assets and debts.

Affiliate Spara LLC filed its Chapter 11 petition (Bankr. D. Del.
Case No. 12-13263) on Dec. 3, 2012.

Lexington-based Greenwood Forgings, LLC (Bankr. D. Del. Case No.
13-10027) and US Tool & Engineering LLC (Bankr. D. Del. Case No.
13-10028) filed separate Chapter 11 petitions on Jan. 7, 2013.
Judge Shannon also oversees the cases.

Duane David Werb, Esq., at Werb & Sullivan, serves as bankruptcy
counsel to Greenwood and US Tool.  Greenwood estimated $1 million
to $10 million in assets and $10 million to $50 million in debts.
US Tool & Engineering estimated under $1 million in assets and
$1 million to $10 million in debts.  The petitions were signed by
George S. Homeister, chairman.

Metavation, also known as Hillsdale Automotive, LLC, joined parent
Revstone in Chapter 11 on July 22, 2013 (Bankr. D. Del. Case No.
13-11831) to sell the bulk of its assets to industry rival Dayco
for $25 million, absent higher and better offers.

Metavation has tapped Pachulski as its counsel.  Pachulski also
serves as counsel to Revstone and Spara.  Metavation also has
tapped McDonald Hopkins PLC as special counsel, and Rust
Consulting/Omni Bankruptcy as claims agent and to provide
administrative services.

Mark L. Desgrosseilliers, Esq., at Womble Carlyle Sandridge &
Rice, LLP, represents the Official Committee of Unsecured
Creditors in Revstone's case.


RICEBRAN TECHNOLOGIES: Incurs $1.9 Million Net Loss in Q2
---------------------------------------------------------
RiceBran Technologies filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
attributable to the Company's shareholders of $1.96 million on
$9.38 million of revenues for the three months ended June 30,
2013, as compared with a net loss attributable to the Company's
shareholders of $201,000 on $9.71 million of revenues for the same
period during the prior year.

For the six months ended June 30, 2013, the Company reported a net
loss attributable to common shareholders of $7.78 million on
$18.09 million of revenues, as compared with a net loss
attributable to the Company's shareholders of $9.03 million on
$19.45 million of revenues for the same period a year ago.

The Company's balance sheet at June 30, 2013, showed $42.55
million in total assets, $36.84 million in total liabilities and
$8.01 million in total temporary equity, and a $2.29 million total
deficit attributable to the Company's shareholders.

A copy of the Form 10-Q is available for free at:

                         http://is.gd/bmuCrh

                            About RiceBran

Scottsdale, Ariz.-based RiceBran Technologies, a California
corporation, is a human food ingredient and animal nutrition
company focused on the procurement, bio-refining and marketing of
numerous products derived from rice bran.

As reported in the TCR on April 15, 2013, BDO USA, LLP, in
Phoenix, Arizona, expressed substantial doubt about RiceBran
Technologies' ability to continue as a going concern.  The
independent auditors noted that the Company has suffered recurring
losses from operations resulting in an accumulated deficit of
$204.4 million at Dec. 31, 2012.  "Although the Company emerged
from bankruptcy in November 2010, there continues to be
substantial doubt about its ability to continue as a going
concern."


SAEXPLORATION HOLDINGS: Gets Nasdaq Listing Non-Compliance Notice
-----------------------------------------------------------------
SAExploration Holdings, Inc. on Aug. 26 disclosed that, due to the
previously disclosed delay in the filing of its Quarterly Report
on Form 10-Q for the quarter ended June 30, 2013, SAE received a
notification letter from the Listing Qualifications Department of
The Nasdaq Stock Market LLC on August 20, 2013.  The letter, which
was issued in accordance with standard Nasdaq procedure and states
that SAE is no longer in compliance with Nasdaq Listing Rule
5250(c)(1), which requires listed companies to timely file
periodic financial reports with the Securities and Exchange
Commission.

As previously disclosed, SAE made a determination to restate its
financial statements for the quarter ended March 31, 2013 to make
certain adjustments to direct operating expenses between Q1 2013
and Q2 2013.  SAE was not able to timely file its Form 10-Q for Q2
2013 because of the time involved in completing the restatement.

The Nasdaq letter has no immediate effect on the listing of SAE's
common stock.  Pursuant to the letter, SAE has 60 days from the
date of the letter, or until October 20, 2013, to submit a plan to
regain compliance with the Nasdaq Listing Rules.  SAE intends to
file its Form 10-Q for the quarter ended June 30, 2013 on August
27, 2013, well in advance of the due date for the plan and should
thereafter be able to regain compliance with the NASDAQ continued
listing requirements.

This announcement is being made in compliance with Nasdaq Listing
Rules 5810(b).

                About SAExploration Holdings, Inc.

Based in Calgary, Canada, SAE -- http://www.saexploration.com--
is a holding company of various subsidiaries which cumulatively
form a geographically diversified seismic data acquisition
company.  SAE provides a full range of 2D, 3D and 4D seismic data
services to its clients, including surveying, program design,
logistical support, data acquisition, processing, camp services,
catering, environmental assessment and community relations.  SAE
services its multinational client base from offices in Canada,
Alaska, Peru, Columbia, Bolivia, Papua New Guinea, New Zealand and
Brazil.


SALON MEDIA: Incurs $688,000 Net Loss in June 30 Quarter
--------------------------------------------------------
Salon Media Group, Inc., reported a net loss of $688,000 on $1.19
million of net revenues for the three months ended June 30, 2013,
as compared with a net loss of $1.53 million on $836,000 of net
revenues for the same period during the prior year.

The Company's balance sheet at June 30, 2013, showed $1.42 million
in total assets, $3.02 million in total liabilities and a $1.59
million total stockholders' deficit.

"Salon has continued to make progress in the June quarter towards
profitability," said Cynthia Jeffers, CEO and CTO of Salon Media
Group.  "The 43% increase in revenue and 38% increase in traffic
were the result of the Company's continued focus on excellence in
journalism, our unique editorial voice, our focus on improving the
user experience across platforms and our innovations in our unique
ad solutions, especially on mobile."

A copy of the press release is available for free at:

                         http://is.gd/dOyoPr

                          About Salon Media

San Francisco, Calif.-based Salon Media Group (OTC BB: SLNM.OB)
-- http://www.Salon.com/-- is an online news and social
networking company and an Internet publishing pioneer.

For the 12 months ended March 31, 2013, the Company had a net loss
of $3.93 million on $3.64 million of net revenues, as compared
with a net loss of $4.09 million on $3.47 million of net revenues
for the same period a year ago.

Burr Pilger Mayer, Inc., in San Francisco, California, issued a
"going concern" qualification on the consolidated financial
statements for the fiscal year ended March 31, 2012.  The
independent auditors noted that the Company has suffered recurring
losses and negative cash flows from operations and has an
accumulated deficit of $112.5 million at March 31, 2012, which
raise substantial doubt about the Company's ability to continue as
a going concern.


SAN BERNARDINO, CA: Judge's Ruling Looms on Bankruptcy, Pensions
----------------------------------------------------------------
Tim Reid, writing for Reuters, reported that the city of San
Bernardino is expected to learn on Aug. 28 if it is eligible for
bankruptcy protection despite the opposition of California's
powerful public pension system -- an important test for the
federal law used by Detroit and other U.S. cities burdened by
pension payment costs.

According to the report, most observers expect federal bankruptcy
judge Meredith Jury to rule that cash-strapped San Bernardino, 60
miles east of Los Angeles, is eligible for Chapter 9 protection, a
year after it declared bankruptcy having effectively run out of
cash to meet its day-to-day obligations.

A city of just 240,000, San Bernardino could be a precursor for
what is shaping up as a central issue in the far bigger bankruptcy
case of Detroit: whether an insolvent city can cut already-
promised pensions for its workers and pay less into its public
retirement funds, the report said.

In an unprecedented move, San Bernardino halted its biweekly
payments to the California Public Employees' Retirement System
(Calpers) for an entire year after declaring bankruptcy last
August, the report related.

San Bernardino has now resumed payments to Calpers, America's
biggest pension fund and San Bernardino's largest creditor, but no
city has ever halted employer payments to Calpers before, the
report said.  The $260 billion pension fund is the only party
objecting to San Bernardino's bankruptcy, saying that pension
funds should not be treated like other creditors. Calpers may
appeal the eligibility decision.

                    About San Bernardino, Calif.

San Bernardino, California, filed an emergency petition for
municipal bankruptcy under Chapter 9 of the U.S. Bankruptcy Code
(Bankr. C.D. Cal. Case No. 12-28006) on Aug. 1, 2012.  San
Bernardino, a city of about 210,000 residents roughly 65 miles
(104 km) east of Los Angeles, estimated assets and debts of more
than $1 billion in the bare-bones bankruptcy petition.

The city council voted on July 10, 2012, to file for bankruptcy.
The move lets San Bernardino bypass state-required mediation with
creditors and proceed directly to U.S. Bankruptcy Court.

The city is represented that Paul R. Glassman, Esq., at Stradling
Yocca Carlson & Rauth.

San Bernardino joined two other California cities in bankruptcy:
Stockton, an agricultural center of 292,000 east of San Francisco,
and Mammoth Lakes, a mountain resort town of 8,200 south of
Yosemite National Park.


SANTEON GROUP: Incurs $4,700 Net Loss in Second Quarter
-------------------------------------------------------
Santeon Group Inc. filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $4,712 on $1.35 million of revenues for the three months ended
June 30, 2013, as compared with net income of $1,232 on $926,643
of revenues for the same period during the prior year.

For the six months ended June 30, 2013, the Company reported net
income of $44,923 on $2.56 million of revenues, as compared with a
net loss of $74,065 on $1.70 million of revenues for the same
period a year ago.

The Company's balance sheet at June 30, 2013, showed $1.16 million
in total assets, $980,179 in total liabilities and $185,470 in
total stockholders' equity.

"Santeon's strong performance during the second quarter 2013
reflects the increasing demand within the public and private
sectors for enterprise agility.  During the quarter we added four
new revenue-generating employees, and received a full quarter of
productivity from three others who joined the Company during the
first quarter, as we served new and existing clients with expert
training, coaching and consulting services," commented Dr. Ash
Rofail, chief executive officer of Santeon.  "Looking ahead, we
are poised to continue our growth trajectory as more organizations
look to drive operational efficiencies.  We are particularly
excited about growth opportunities for our public sector business
as budget cuts prompt federal, state and local agencies to
leverage technology and optimize practices to run more efficiently
and increase their ability to respond to tighter budgets demands."

A copy of the Form 10-Q is available for free at:

                        http://is.gd/lZsXKO

                        About Santeon Group

Reston, Va.-based Santeon Group, Inc., is a diversified software
products and services company specializing in the transformation
and optimization of business through the deployment or the
development of innovative products and services using Agile
mindsets in the information systems/technology, healthcare,
environmental/energy and media sectors.  The Company's clients
include state and local governments, federal agencies and private
sector customers.

As reported by the Troubled Company Reporter on Aug. 24, 2012,
RBSM LLP, in New York, N.Y., expressed substantial doubt about
Santeon's ability to continue as a going concern, following its
audit of the Company's financial position and results of
operations for the fiscal year ended Dec. 31, 2011.  The
independent auditors noted that the Company has suffered losses
from operations and is experiencing difficulty in generating
sufficient cash flows to meet its obligations and sustain its
operations.

The Company reported net income of $185,815 on $4.27 million of
revenue for the full year 2012, as compared with a net loss of
$475,333 on $2.24 million of revenue for the full year 2011.


SANUWAVE HEALTH: Incurs $818,000 Net Loss in Second Quarter
-----------------------------------------------------------
SANUWAVE Health, Inc., reported a net loss of $818,331 on $160,617
of revenue for the three months ended June 30, 2013, as compared
with a net loss of $1.42 million on $210,357 of revenue for the
same period during the prior year.

For the six months ended June 30, 2013, the Company reported a net
loss of $6.18 million on $361,851 of revenue, as compared with a
net loss of $3.25 million on $448,897 of revenue for the same
period a year ago.

The Company's balance sheet at June 30, 2013, showed $1.61 million
in total assets, $13.36 million in total liabilities and a $11.74
million total stockholders' deficit.

"We are very pleased with the pace of enrollment and the effort by
the trial sites in our on-going Phase III dermaPACE clinical
trial," commented Joseph Chiarelli, chief executive officer of
SANUWAVE.  "The trial sites have been diligent in identifying and
screening patients that can demonstrate the potential of the
dermaPACE device in addressing this debilitating condition.  While
there are many variables that can affect the pace of enrollment in
the next few months, including vacations and weather, we will use
our best efforts to keep enrollment on-track for completion in the
first quarter of 2014."

A copy of the press release is available for free at:

                        http://is.gd/hwEdtN

                       About SANUWAVE Health

Alpharetta, Ga.-based SANUWAVE Health, Inc., is an emerging global
regenerative medicine company focused on the development and
commercialization of noninvasive, biological response activating
devices for the repair and regeneration of tissue, musculoskeletal
and vascular structures.

BDO USA, LLP, in Atlanta, Georgia, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2012.  The independent auditors noted that the
Company has suffered recurring losses from operations, has a net
working capital deficit, and is economically dependent upon future
issuances of equity or other financing to fund ongoing operations,
each of which raise substantial doubt about its ability to
continue as a going concern.

SANUWAVE Health reported a net loss of $6.40 million on $769,217
of revenue for the year ended Dec. 31, 2012, as compared
with a net loss of $10.23 million on $802,572 of revenue in 2011.


SCC KYLE: Court Denies Whitney Bank's Bid to Stay Plan Approval
---------------------------------------------------------------
The Hon. H. Christopher Mott of the U.S. Bankruptcy Court for the
Western District of Texas denied Whitney Bank's motion for stay in
the Chapter 11 case of SCC Kyle Partners, Ltd.

On July 1, 2013, the Court entered its Order confirming the
Debtor?s Second Amended Plan of Reorganization.  Whitney Bank has
appealed from the Confirmation Order, and seeks a stay pending
appeal.

The Reorganized Debtor, in its response to Whitney Bank's motion,
stated that, among other things:

   1. Whitney Bank does not face irreparable injury; and

   2. a stay will harm the Reorganized Debtor.

                     About SCC Kyle Partners

Austin, Tex.-based SCC Kyle Partners, Ltd., filed for Chapter 11
(Bankr. W.D. Tex. Case No. 12-11978) on Aug. 31, 2012.  Judge H.
Christopher Mott presides over the case.  Cleveland R. Burke,
Esq., Eric J. Taube, Esq., and Mark Curtis Taylor, Esq., at
Hohmann, Taube & Summers, LLC, in Austin, Tex., represent the
Debtor as counsel.  In its petition, the Debtor disclosed both
assets and debts of between $10 million and $50 million.  The
petition was signed by Scott A. Deskins, president of SCC Kyle
Partners, GP, LLC, general partner.

The Court on July 1, 2013, confirmed the Debtor's Second Amended
and Modified Plan of Reorganization, dated June 28, 2013.
Pursuant to the Plan, the secured claim of the Lender group (Class
III) will be paid over 5 years from the Effective Date from cash
proceeds on hand at the time of confirmation and ongoing sales of
the remaining Property and future tax incentive revenues, with
interest-only payments to be made monthly beginning on the 15th
day after the Effective Date at 7% per annum, or such other rate
as is determined by the Court not to exceed 8%.  All remaining
principal, interest and costs will be due on the 15th day of the
60th month from the Effective Date.


SERVICEMASTER CO: S&P Lowers CCR to 'B-'; Outlook Stable
--------------------------------------------------------
Standard & Poor's Ratings Services said it lowered its corporate
credit rating to 'B-' from 'B' on Memphis, Tenn.-based The
ServiceMaster Co.  The outlook is stable.

S&P also lowered its issue-level ratings on ServiceMaster's senior
secured revolving credit and term facilities to 'B' (one notch
higher than S&P's corporate credit rating on the company) from
'B+'.  S&P's recovery ratings on these facilities are '2',
indicating its expectation of substantial (70% to 90%) recovery
for lenders in the event of a payment default.

In addition, S&P lowered its issue-level rating on the company's
senior unsecured notes to 'CCC+' (one notch lower than the
corporate credit rating) from 'B-'.  S&P's recovery rating on
these notes is '5', indicating its expectation for modest (10% to
30%) recovery for lenders in the event of a payment default.

"The one-notch downgrade reflects the downward revision of our
forecast as ServiceMaster continues to experience operating
difficulties with its TruGreen segment.  We now forecast debt-to-
EBITDA leverage could remain more than 8x through year-end 2014,
as the company continues to address operational issues at its
TruGreen division and will start the spring 2014 selling season
with a lower customer count," said credit analyst Linda Phelps.
"Previously, we estimated leverage would be in the the mid- to
high-7x area for full-year 2013.  The company's leverage for the
12 months ended June 30, 2013, increased sequentially to more than
9.0x from about 8.0x for the 12 months ended March 31, 2013."

The rating outlook is stable, reflecting S&P's expectation for
liquidity to remain adequate and its view that operating
performance could begin to improve in 2014.  To maintain a stable
outlook, S&P will look for liquidity to remain adequate.

S&P could lower its rating if it believes the current capital
structure is no longer sustainable at current debt levels.  This
could occur if liquidity becomes constrained, possibly because of
further deterioration in profitability at the TruGreen segment and
Terminix or American Home Shield operating performance declines.

Alternatively, S&P could raise the rating one-notch if it believes
leverage is sustainable in the low-to mid-7x area.  As S&P expects
debt to remain relatively stable, the company's EBITDA would need
to increase about 25% for leverage to drop to this level, possibly
through improved profitability at its TruGreen division and
continued growth of its other divisions.


SIONIX CORP: To Restate March 31 Quarter Form 10-Q
--------------------------------------------------
The management of Sionix Corporation concluded that the financial
statements for the quarter ended March 31, 2013, included in the
Company's quarterly report on Form 10-Q for the quarter then ended
March 31, 2013, should no longer be relied upon.

The March 31, 2013, interim financial statements will be restated
to correct certain errors in determination of derivative liability
and gain (loss) on change in fair value of derivative liability,
and other liabilities and the March 31, 2013, 10-Q will be amended
to reflect that restatement.

Specifically, the effect of the conversion feature of certain
convertible notes was incorrectly included in calculation of
derivative liabilities of beneficiary conversion feature.
Additionally, the total shares of warrants outstanding exceeded
the total common stock authorized and available to issue during
the quarter ended March 31, 2013, hence the Company would need to
reclassify the equity to liability.

The Company assessed the impact of the corrections of this error
on previously reported numbers and concluded that such correction
is material to the previous interim financial statements.
Moreover, in reaching this conclusion, the management considered
both the quantitative and qualitative characteristics of the
adjustment.

The management has considered the effect of the restatement on the
Company's prior conclusions as to the adequacy and effectiveness
of its internal control over financial reporting and disclosure
controls and procedures.  The management has concluded that a
material weakness in internal controls over financial reporting
existed as of March 31, 2013.

                          About Sionix Corp.

Los Angeles, Calif.-based Sionix Corporation designs, develops,
markets and sells cost-effective water management and treatment
solutions intended for use in the oil and gas, agriculture,
disaster relief, and municipal (both potable and wastewater)
markets.

Sionix incurred a net loss of $5.76 million for the year ended
Sept. 30, 2012, compared with a net loss of $6.30 million during
the prior year.  The Company's balance sheet at March 31, 2013,
showed $1.01 million in total assets, $8.95 million in total
liabilities and a $7.93 million total stockholders' deficit.

Kabani & Company, Inc., in Los Angeles, California, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Sept. 30, 2012.  The independent
auditors noted that the Company has incurred cumulative losses of
$37,560,000.  In addition, the company has had negative cash flow
from operations for the years ended Sept. 30, 2012, of $2,568,383.
These factors raise substantial doubt about the Company's ability
to continue as a going concern.


SIONIX CORP: Delays Form 10-Q for Second Quarter
------------------------------------------------
Sionix Corporation has experienced a delay in completing the
information necessary for including in its quarterly report on
Form 10-Q, in particular its financial statements, for the quarter
ended June 30, 2013.  The Company expects to file the June 30,
2013, quarterly report within five days of the prescribed due
date.

                          About Sionix Corp.

Los Angeles, Calif.-based Sionix Corporation designs, develops,
markets and sells cost-effective water management and treatment
solutions intended for use in the oil and gas, agriculture,
disaster relief, and municipal (both potable and wastewater)
markets.

Sionix incurred a net loss of $5.76 million for the year ended
Sept. 30, 2012, compared with a net loss of $6.30 million during
the prior year.  The Company's balance sheet at March 31, 2013,
showed $1.01 million in total assets, $8.95 million in total
liabilities and a $7.93 million total stockholders' deficit.

Kabani & Company, Inc., in Los Angeles, California, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Sept. 30, 2012.  The independent
auditors noted that the Company has incurred cumulative losses of
$37,560,000.  In addition, the company has had negative cash flow
from operations for the years ended Sept. 30, 2012, of $2,568,383.
These factors raise substantial doubt about the Company's ability
to continue as a going concern.


SOUTH LAKES DAIRY: Plan Approval Hearing Continued to Sept. 12
--------------------------------------------------------------
The Bankruptcy Court continued to Sept. 12, 2013, at 9 a.m., the
hearing to consider confirmation of South Lakes Dairy Farm's Plan
of Reorganization.

As reported in the Troubled Company Reporter on July 24, 2013, the
Official Committee of Unsecured Creditors of South Lakes Dairy
Farm objected to the approval of the Debtor's Plan of
Reorganization dated March 20, 2013.

According to the Disclosure Statement dated May 9, 2013,
describing the Plan, the Debtor believes that income from current
operations will be sufficient to repay about 14% of its unsecured
claims.  Payments on the convenience class of general unsecured
claims will be paid a pro rata share of $4,000 within 30 days of
the Effective Date of the Plan.  The general unsecured claimants
in excess of $3,500 will be paid $1,200,000 pro-rata over a period
of five years trough pro-rata disbursements of $20,000 per month.
The general unsecured claims in excess of $3,500 will receive net
proceeds, if any, of any preference or fraudulent conveyance
recoveries in addition to the $1,200,000.

A full-text copy of the Disclosure Statement dated May 9, 2013, is
available for free at:

         http://bankrupt.com/misc/SOUTHLAKES_DSMay9.PDF

                      About South Lakes Dairy

South Lakes Dairy Farm is a California partnership engaged in the
dairy cattle and milking business.  The partnership filed a bare-
bones Chapter 11 petition (Bankr. E.D. Calif. Case No. 12-17458)
in Fresno, California on Aug. 30, 2012.  The Debtor said it has
$1.97 million in accounts receivable charged to Dairy Farmers of
America on account of milk proceeds, and that it has cattle worth
$12.06 million.  The farm owes $12.7 million to Wells Fargo Bank
on a secured note.

The Debtor disclosed, in an amended schedules, $25,281,583 in
assets and $26,193,406 in liabilities as of the Chapter 11 filing.
The Debtor disclosed $19.5 million in assets and $25.4 million in
liabilities in a prior iteration of the schedules.

Bankruptcy Judge W. Richard Lee presides over the case.  Jacob L.
Eaton, Esq., at Klein, DeNatale, Goldner, Cooper, Rosenlieb
& Kimball, LLP, in Bakersfield, Calif., represents the Debtor as
counsel.  The Debtor tapped A&M Livestock Auction, Inc., to
auction livestock.

August B. Landis, the Acting U.S. Trustee for Region 17, appointed
seven creditors to serve in the Official Committee of Unsecured
Creditors.  Ronald A. Clifford, Esq., at Blakley & Blakeley LLP,
represents the Official Committee of Unsecured Creditors as
counsel.


SOUTHERN MONTANA: Noteholders' $46MM Claim Waived in Amended Plan
-----------------------------------------------------------------
Lee A. Freeman, as the duly appointed Chapter 11 trustee, filed
with a Montana bankruptcy court a First Amended Plan of
Reorganization and Disclosure Statement for Southern Montana
Electric Generation and Transmission Cooperative, Inc.

The First Amended Plan of Reorganization filed by Lee A. Freeman,
as the duly appointed Chapter 11 trustee, for Southern Montana
Electric Generation and Transmission Cooperative, Inc. embodies a
settlement with Noteholders which resolves the issue of the value
of the Noteholders' collateral and under which the Noteholders'
current claim for a $46 million "make-whole amount" is waived.

New details of the Amended Plan were revealed in a disclosure
statement dated Aug. 14, 2013, a copy of which is available for
free at http://bankrupt.com/misc/SOUTHERNMONTANA_1stAmdDSAug14.PDF

The First Amended Plan retained other provisions like the
continued operation of the Debtor; significant recoveries to
secured creditors; a distribution to unsecured creditors that is
equal to if not greater than what they would receive if the Debtor
were to be liquidated; and reasonable rates to the Debtor's
members for at least the next decade.

As noted in older plan versions, the First Amended Plan also
contemplates a 10-year, all requirements power supply agreement
between Reorganized Southern and Morgan Stanley Capital Group,
Inc. (the "MSCGI Agreement") under which all of the Debtor's power
and energy needs will be met with under market-based prices that
are, in real dollars, at historical lows.

The MSCGI Agreement replaces a prepetition, long-term power supply
agreement with PPL Montana that required the Debtor to purchase
quantities of power that greatly exceeded its needs and at prices
that turned out to be significantly over-market.

                    Disclosure Statement Hearing

Judge Ralph Kirscher will convene a hearing on Sept. 24 at 1:30
p.m. to consider approval of the First Amended Disclosure
Statement.

Formal written objections to the Disclosure Statement may be filed
with the Court no later than Sept. 18.

                   About Southern Montana Electric

Based in Billings, Montana, Southern Montana Electric Generation
and Transmission Cooperative, Inc., was formed to serve five
other electric cooperatives.  The city of Great Falls later joined
as the sixth member.  Including the city, the co-op serves a
population of 122,000.  In addition to Great Falls, the service
area includes suburbs of Billings, Montana.

Southern Montana filed for Chapter 11 bankruptcy (Bankr. D.
Mont. Case No. 11-62031) on Oct. 21, 2011.  Southern Montana
estimated assets of $100 million to $500 million and estimated
debts of $100 million to $500 million.  Timothy Gregori signed the
petition as general manager.

Malcolm H. Goodrich, Esq., at Goodrich Law Firm, P.C., in
Billings, Montana, serves as the Debtor's counsel.

After filing for reorganization in October, the co-op agreed to a
request for appointment of a Chapter 11 trustee.  Lee A. Freeman
was appointed as the Chapter 11 trustee in December 2011.  He is
represented by Joseph V. Womack, Esq., at Waller & Womack, and
John Cardinal Parks, Esq., Bart B. Burnett, Esq., Robert M.
Horowitz, Esq., and Kevin S. Neiman, Esq., at Horowitz & Burnett,
P.C.

Harold V. Dye, Esq., at Dye & Moe, P.L.L.P., in Missoula, Montana,
represents the Unsecured Creditors' Committee as counsel.


SOUTHERN MONTANA: Can Access Cash Collateral Thru Year End
----------------------------------------------------------
Judge Ralph B. Kirschner, in mid-August 2013, approved a
stipulation for Southern Montana Electric Generation and
Transmission Cooperative, Inc.'s continued access of the cash
collateral through Dec. 31, 2013, in accordance with a
supplemental budget.

As a condition for the continued use of the Noteholders' Cash
Collateral, the Debtor is obligated to pay monthly adequate
protection payments to the Noteholders and to pay the Noteholders'
reasonable fees and expenses.

The Cash Collateral Order also serves as a final determination as
to the validity of the Noteholders' liens on substantially all of
the Debtor's assets and included, among other things, a waiver of
any right to surcharge the Noteholders under Section 506(c) of the
Bankruptcy Code.

                   About Southern Montana Electric

Based in Billings, Montana, Southern Montana Electric Generation
and Transmission Cooperative, Inc., was formed to serve five
other electric cooperatives.  The city of Great Falls later joined
as the sixth member.  Including the city, the co-op serves a
population of 122,000.  In addition to Great Falls, the service
area includes suburbs of Billings, Montana.

Southern Montana filed for Chapter 11 bankruptcy (Bankr. D.
Mont. Case No. 11-62031) on Oct. 21, 2011.  Southern Montana
estimated assets of $100 million to $500 million and estimated
debts of $100 million to $500 million.  Timothy Gregori signed the
petition as general manager.

Malcolm H. Goodrich, Esq., at Goodrich Law Firm, P.C., in
Billings, Montana, serves as the Debtor's counsel.

After filing for reorganization in October, the co-op agreed to a
request for appointment of a Chapter 11 trustee.  Lee A. Freeman
was appointed as the Chapter 11 trustee in December 2011.  He is
represented by Joseph V. Womack, Esq., at Waller & Womack, and
John Cardinal Parks, Esq., Bart B. Burnett, Esq., Robert M.
Horowitz, Esq., and Kevin S. Neiman, Esq., at Horowitz & Burnett,
P.C.

Harold V. Dye, Esq., at Dye & Moe, P.L.L.P., in Missoula, Montana,
represents the Unsecured Creditors' Committee as counsel.


SOUTHERN MONTANA: Court OKs MRV's 2nd Round of Expanded Services
----------------------------------------------------------------
A Montana bankruptcy court approved a second set of expanded scope
of services rendered by MR Valuation Consulting, LLC, for Lee A.
Freeman, as Chapter 11 trustee of Southern Montana Electric
Generation and Transmission Cooperative, Inc.

The recently-approved expanded services primarily relate to MRV
assisting the Trustee in negotiations with the Montana Department
of Revenue (MDOR) for challenges to the valuation of the Highwood
Generating Station (HGS).

MRV was initially retained by the Debtor in January 2013 for an
appraisal of the HGS for a $41,200 flat fee.  At around May 2013,
the Trustee first expanded the scope of MRV's employment to
provide fair market and liquidation values of HGS and other
creditor collateral for a $95,000 flat fee.

When the Trustee received a $39.16 million valuation of the HGS
from the MDOR in mid-May 2013, it sought MRV's immediate
assistance for negotiations with the MDOR.

MRV, though Mark Rodriguez, then assisted the Trustee timely
challenge the valuation and negotiate a resolution, which resulted
in a consensual valuation of HGS for 2013 tax purposes of
$23,150,678, and a decrease by nearly half of the estimated taxes
to about $341,000 (subject to new mill rates for Montana Levy
Districts that are published in the fall of 2013).  The Trustee
agreed to compensate MRV a flat fee of $45,000 for these second
set of expanded services.

                   About Southern Montana Electric

Based in Billings, Montana, Southern Montana Electric Generation
and Transmission Cooperative, Inc., was formed to serve five
other electric cooperatives.  The city of Great Falls later joined
as the sixth member.  Including the city, the co-op serves a
population of 122,000.  In addition to Great Falls, the service
area includes suburbs of Billings, Montana.

Southern Montana filed for Chapter 11 bankruptcy (Bankr. D.
Mont. Case No. 11-62031) on Oct. 21, 2011.  Southern Montana
estimated assets of $100 million to $500 million and estimated
debts of $100 million to $500 million.  Timothy Gregori signed the
petition as general manager.

Malcolm H. Goodrich, Esq., at Goodrich Law Firm, P.C., in
Billings, Montana, serves as the Debtor's counsel.

After filing for reorganization in October, the co-op agreed to a
request for appointment of a Chapter 11 trustee.  Lee A. Freeman
was appointed as the Chapter 11 trustee in December 2011.  He is
represented by Joseph V. Womack, Esq., at Waller & Womack, as weel
as John Cardinal Parks, Esq., Bart B. Burnett, Esq., Robert M.
Horowitz, Esq., and Kevin S. Neiman, Esq., at Horowitz & Burnett,
P.C.

Harold V. Dye, Esq., at Dye & Moe, P.L.L.P., in Missoula, Montana,
represents the Unsecured Creditors' Committee as counsel.


SPENDSMART PAYMENTS: Delays Form 10-Q for Second Quarter
--------------------------------------------------------
The Spendsmart Payments Company has been unable, without
unreasonable effort or expense, to timely compile all information
for the financial statements and related disclosures required to
be included in its quarterly report on Form 10-Q for the fiscal
quarter ended June 30, 2013.  The Company expects to file the
quarterly report on or before the extension period.

                          About SpendSmart

San Diego, Cal.-based The SpendSmart Payments Company is a
Colorado corporation.  Through the Company's subsidiary
incorporated in the state of California, The SpendSmart Payments
Company, the Company issues and services prepaid cards marketed to
young people and their parents.  The Company is a publicly traded
company trading on the OTC Bulletin Board under the symbol "SSPC."

The Company's balance sheet at March 31, 2013, showed
$2.77 million in total assets, $1.82 million in total current
liabilities, and stockholders' equity of $947,763.


STRAFFORD COUNTY, NH: Moody's Raises GO Bond Ratings to 'Ba1'
-------------------------------------------------------------
Moody's Investors Service has upgraded to Ba1 from Ba2 the rating
on Strafford County's (NH) $18.2 million of outstanding general
obligation bonds. The outlook is revised to positive from stable.
The county's debt is secured by its unlimited tax pledge.

Rating Rationale:

The Ba1 rating reflects the county's stabilized but still weak
financial position, limited liquidity, and heavy reliance on cash
flow borrowing. The rating also reflects a stabilizing tax base
and low debt burden. The positive outlook reflects the county's
ability to maintain market access for cash flow borrowing, a
continued trend of positive financial operations and management's
commitment to increase reserves and reduce dependence on cash flow
borrowing.

Strengths:

- Stabilizing tax base with low unemployment

- Minimal long-term debt burden

- Stable property tax revenue collections

Challenges:

- High reliance on cash flow borrowing to fund operations and
   debt service

- Uncertainty of long-term nursing home expenditure pressures

Outlook:

The positive outlook reflects the county's ability to maintain
market access for cash flow borrowing, continued trend of positive
financial operations and management's commitment to increase
reserves and reduce dependence on cash flow borrowing over the
near term.

What could change the rating - UP?

- Sustained record of structurally balanced operations and
   improved liquidity levels

- Rebuilding of General Fund reserves

- Decreased reliance on tax and revenue anticipation note
   borrowing

What could change the rating - DOWN?

- Structurally imbalanced operations resulting in continued
   financial weakness

- Increased levels of cash-flow borrowing

- Failure to successfully execute reserve replenishment plan

The principal methodology used in this rating was General
Obligation Bonds Issued by US Local Governments published in April
2013.


STUMP FUNERAL: Case Summary & 6 Unsecured Creditors
---------------------------------------------------
Debtor: Stump Funeral Home, Inc.
        107 Market Street
        Grantsville, WV 26147
        Tel: (304) 354-6104

Bankruptcy Case No.: 13-00985

Chapter 11 Petition Date: August 22, 2013

Court: U.S. Bankruptcy Court
       Northern District of West Virginia (Clarksburg)

Judge: Patrick M. Flatley

Debtor's Counsel: Joseph W. Caldwell, Esq.
                  CALDWELL & RIFFEE
                  3818 MacCorkle Avenue South East, Suite 101
                  P.O. Box 4427
                  Charleston, WV 25364
                  Tel: (304) 925-2100
                  Fax: (304) 925-2193
                  E-mail: joecaldwell@frontier.com

Estimated Assets: $500,001 to $1,000,000

Estimated Debts: $1,000,001 to $10,000,000

A copy of the Company's list of its largest unsecured creditors
filed with the petition is available for free at:
http://bankrupt.com/misc/wvnb13-00985.pdf

The petition was signed by John S. Stump, president.


SUNVALLEY SOLAR: Incurs $157,000 Net Loss in Second Quarter
-----------------------------------------------------------
Sunvalley Solar, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $157,031 on $516,228 of revenues for the three months ended
June 30, 2013, as compared with net income of $24,157 on $763,612
of revenues for the same period last year.

For the six months ended June 30, 2013, the Company reported a net
loss of $546,179 on $528,884 of revenues, as compared with a net
loss of $234,429 on $941,708 of revenues for the same period a
year ago.

The Company's balance sheet at June 30, 2013, showed $5.26 million
in total assets, $4.69 million in total liabilities and $568,318
in total stockholders' equity.

A copy of the Form 10-Q is available for free at:

                        http://is.gd/wLPwR3

                           Exhibit Added

Sunvalley Solar, Inc., has amended its quarterly report for the
period ended June 30, 2013, that was originally filed with the
U.S. Securities and Exchange Commission on Aug. 14, 2013.  The
amendment was filed to submit Exhibit 101 as it was erroneously
excluded from the Original Filing.  A copy of the amended Form 10-
Q is available for free at http://is.gd/MW6wHl

                       About Sunvalley Solar

Sunvalley Solar, Inc., is a California-based solar power
technology and system integration company.  Since the inception of
its business in 2007, the company has focused on developing its
expertise and proprietary technology to install residential,
commercial and governmental solar power systems.

Sunvalley Solar disclosed a net loss of $1.76 million on $3.74
million of revenue for the year ended Dec. 31, 2012, as compared
with a net loss of $398,866 on $5.82 million of revenue for the
year ended Dec. 31, 2011.

Sadler, Gibb & Associates, LLC, in Salt Lake City, UT, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2012.  The independent
auditors noted that the Company had losses from operations of
$1,767,902 and accumulated deficit of $3,125,692, which raises
substantial doubt about its ability to continue as a going
concern.


SYNAGRO TECHNOLOGIES: Exits Chapter 11 Under Control of EQT
-----------------------------------------------------------
Patrick Fitzgerald, writing for Daily Bankruptcy Review, reported
that waste-processor Synagro Technologies Inc . emerged for
bankruptcy protection on Aug. 22 under the control of Sweden's EQT
Partners and having slashed $200 million in debt from its books.

                         About Synagro

Synagro Technologies, Inc., based in Houston, Texas, is the
recycler of bio-solids and other organic residuals in the U.S. and
is one of the largest national companies focused exclusivity on
biosolids recycling, which has a market size of $2 billion.  The
Company was formed in 1986, under the name RPM Marketing, Inc.
Synagro's corporate headquarters is currently located in Houston,
Texas but is in the process of being transferred to White Marsh,
Maryland.  The Company also has offices in Lansdale, Pennsylvania,
Rayne, Louisiana, and Watertown, Connecticut.

Synagro Technologies and 29 affiliates sought Chapter 11
protection (Bankr. D. Del. Case no. 13-11041) on April 24, 2013.
The lead debtor estimated assets and debts at $10 million to
$50 million.  Synagro Technologies disclosed $8,714,426 in assets
and $430,489,161 in liabilities.

Synagro was owned by The Carlyle Group at the time of the
bankruptcy filing.  It was acquired in April 2007 by Carlyle in a
$741 million transaction.

Synagro is being advised by Mark S. Chehi, Esq., at the law firm
of Skadden Arps Slate Meagher & Flom, along with financial adviser
AlixPartners and investment bankers Evercore Partners.  Kurtzman
Carson & Consultants serves as notice and claims agent.

No creditors' committee has been appointed in the cases by the
United States Trustee.


TC GLOBAL: Intends to File Liquidation Plan
-------------------------------------------
TC Global, Inc.'s operating agreements, real estate leases,
personal property leases, and other agreements have either been
assigned to and assumed by Global Baristas LLC pursuant to an
Asset Purchase Agreement, dated Jan. 3, 2013, or rejected pursuant
to orders of the United States Bankruptcy Court for the Western
District of Washington.

On Jan. 11, 2013, the Bankruptcy Court approved a sale of
substantially all of the Company's assets to Global Baristas
pursuant to the Purchase Agreement.  The Purchase Agreement
provided for the sale of substantially all of the Company's assets
in consideration for a total purchase price of up to $9,150,000.
The transaction closed on June 30, 2013.

The Company has discontinued operations and sold substantially all
of its assets to Global Baristas.  The Company is preparing and
intends to file a liquidating plan in Chapter 11 providing for the
distribution of its remaining assets in accordance with the laws
of bankruptcy as approved and ordered by the Bankruptcy Court.

All employees, including Scott Pearson, the chief executive
officer, and Catherine Campbell, the chief financial and
accounting officer of the Company, were terminated, and Mr.
Pearson resigned as a director of the Company.  Ms. Campbell
continues to provide financial and administrative services
pursuant to a consulting agreement with the Company in order to
assist with the liquidation of the bankrupt estate and dissolution
of the Company .

                           About TC Global

Headquartered in Seattle, Washington, TC Global, Inc., dba Tully's
Coffee -- http://www.tullyscoffeeshops.com/-- is a specialty
coffee retailer and wholesaler.  Through company owned, licensed
and franchised specialty retail stores in Washington, Oregon,
California, Arizona, Idaho, Montana, Colorado, Wyoming and Utah,
throughout Asia with Tully's Coffee International, and with its
global alliance partner Tully's Coffee Japan, Tully's premium
coffees are available at 545 branded retail locations globally.

TC Global Inc. filed a Chapter 11 petition (Bankr. W.D. Wash. Case
No. 12-20253-KAO) on Oct. 10, 2012.

The Debtor is represented by attorneys at Bush Strout & Kornfeld
LLP, in Seattle.

The Debtor disclosed assets of $4.9 million and debt totaling
$3.7 million, including $2.6 million in unsecured claims.

The Seattle-based chain has 57 company-owned stores and 12
franchised.  There are another 71 franchises in grocery stores,
schools and airports.  Tully's will close nine stores following
bankruptcy.

Bloomberg report discloses that Tully's sold the wholesale and
distribution business in 2009, generating $40 million that allowed
a $5.9 million distribution to shareholders.


TELECONNECT INC: Incurs $906,000 Net Loss in June 30 Quarter
------------------------------------------------------------
Teleconnect Inc. filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $906,479 on $30,670 of sales for the three months ended
June 30, 2013, as compared with a net loss of $940,814 on $7,328
of sales for the same period during the prior year.

For the nine months ended June 30, 2013, the Company reported a
net loss of $2.93 million on $315,177 of sales, as compared with a
net loss of $2.99 million on $119,194 of sales for the same period
a year ago.

The Company's balance sheet at June 30, 2013, showed $5.49 million
in total assets, $12.18 million in total liabilities, all current,
and $6.69 million total stockholders' deficit.

A copy of the Form 10-Q is available for free at:

                         http://is.gd/H9tnGs

                         About Teleconnect

Teleconnect Inc., headquartered in Breda, The Netherlands, was
incorporated under the laws of the State of Florida on Nov. 23,
1998.

With its ownership in Hollandsche Exploitatie Maatschappij BV
(HEM), a Dutch entity established in 2007, the Company's main
activities are the manufacturing, sales and lease of age
validation equipment and the performance of age validation.  The
Company also sells and maintains vending solutions (through
Mediawizz, The Netherlands), is involved in the broadcasting of
in-store commercial messages using the age validation equipment
between age checks (through HEM), and plans to develop market
survey activities in the future (through Giga Matrix, The
Netherlands).

Coulter & Justus, P.C., in Knoxville, Tennessee, expressed
substantial doubt about Teleconnect's ability to continue as a
going concern following the financial results for the yar ended
Sept. 30, 2012.  The independent auditors noted that the Company
has suffered recurring losses from operations and has a net
capital deficiency in addition to a working capital deficiency.

The Company reported a net loss of $3.9 million on $143,910 of
sales in fiscal 2012, compared with a net loss of $3.3 million on
$112,722 of sales in fiscal 2011.


THERMON HOLDING: Moody's Withdraws B1 Ratings
---------------------------------------------
Moody's Investors Service has withdrawn all assigned ratings to
Thermon Holding Corp. The company redeemed in full its 9.5% senior
secured notes due 2017. Moody's withdrew the Corporate Family
Rating and Probability of Default Rating as well.

Ratings withdrawn:

Issuer: Thermon Holding Corp.

B1 Corporate Family Rating

B1-PD Probability of Default Rating

SGL-2 Speculative Grade Liquidity Rating

B1, LGD4 - 57% Senior Secured Notes

Rating outlook withdrawn

Ratings Rationale:

Thermon Holding Corp. is a provider of a comprehensive suite of
equipment, design and engineering services and turnkey solutions
in the heat tracing industry. Thermon is headquartered in San
Marcos, TX.


TN-K ENERGY: Incurs $50,000 Net Loss in Second Quarter
------------------------------------------------------
TN-K Energy Group Inc. filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $50,650 on $87,649 of total revenue for the three months ended
June 30, 2013, as compared with net income of $1.09 million on
$1.64 million of total revenue for the same period during the
prior year.

For the six months ended June 30, 2013, the Company reported a net
loss of $134,587 on $136,938 of total revenue, as compared with
net income of $4.19 million on $1.79 million of total revenue for
the same period a year ago.

The Company's balance sheet at June 30, 2013, showed $2.42 million
in total assets, $3.93 million in total liabilities and a $1.50
million total stockholders' deficit.

A copy of the Form 10-Q is available for free at:

                         http://is.gd/N3IeTN

                          About TN-K Energy

Crossville, Tenn.-based TN-K Energy Group, Inc., an independent
oil exploration and production company, engaged in acquiring oil
leases and exploring and developing crude oil reserves and
production in the Appalachian basin.

TN-K Energy disclosed net income of $3.97 million on $1.88 million
of total revenue for the year ended Dec. 31, 2012, as compared
with net income of $1.25 million on $1.88 million of total revenue
in 2011.

Liggett, Vogt & Webb, P.A., in New York, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2012.  The independent auditors noted that
the Company has incurred recurring operating losses and will have
to obtain additional financing to sustain operations.  These
conditions raise substantial doubt about the Company's ability to
continue as a going concern.


TRANS-LUX CORP: Incurs $723,000 Net Loss in Second Quarter
----------------------------------------------------------
Trans-Lux Corporation filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $723,000 on $4.87 million of total revenues for the three
months ended June 30, 2013, as compared with net income of
$739,000 on $6.83 million of total revenues for the same period a
year ago.

For the six months ended June 30, 2013, the Company reported a net
loss of $1.02 million on $8.88 million of total revenues, as
compared with a net loss of $931,000 on $12.44 million of total
revenues for the same period a year ago.

The Company's balance sheet at June 30, 2013, showed $19.69
million in total assets, $18.83 million in total liabilities and
$859,000 in total stockholders' equity.

                            Going Concern

"In light of the unprecedented instability in the financial
markets and the severe slowdown in the overall economy, we do not
have adequate liquidity, including access to the debt and equity
capital markets, to operate our business in the manner in which we
have historically operated.  As a result, our short-term business
focus has been to preserve our liquidity position.  Unless we are
successful in obtaining additional liquidity, we believe that we
will not have sufficient cash and liquid assets to fund normal
operations for the next 12 months.  In addition, the Company's
obligations under its pension plan exceeded plan assets by $6.4
million at December 31, 2012 and the Company has a significant
amount due to their pension plan due over the next 12 months.  In
addition, the Company has not made the December 1, 2009, 2010 and
2011 required sinking fund payments on its 9 1/2% Subordinated
debentures due 2012 (the "Debentures") and the June 1, 2010, 2011
and 2012 as well as its December 1, 2010, 2011 and 2012 interest
payments totaling $301,200.  In addition, the Company did not make
the March 1, 2010, 2011 and 2012 as well as its September 1, 2010
and 2011 interest payments totaling $2.1 million on its 8 1/4%
Limited convertible senior subordinated notes due 2012 (the
"Notes").  As a result, if the Company is unable to (i) obtain
additional liquidity for working capital, (ii) make the required
minimum funding contributions to the pension plan (iii) make the
required sinking fund payments on the Debentures and (iv) make the
required principal and interest payments on the Notes and the
Debentures, there would be a significant adverse impact on the
financial position and operating results of the Company.

"Moreover, because of the uncertainty surrounding our ability to
obtain additional liquidity and the potential of the noteholders
and/or trustees to give notice to the Company of a default on
either the Debentures or the Notes, our independent registered
public accounting firm issued an opinion on our consolidated
financial statements that states that the consolidated financial
statements were prepared assuming we will continue as a going
concern, however the opinion further states that the uncertainty
regarding the ability to make the required principal and interest
payments on the Notes and the Debentures, in addition to the
significant amount due to the Company's pension plan over the next
12 months,  raises substantial doubt about our ability to continue
as a going concern," the Company said in the report.

A copy of the Form 10-Q is available for free at:

                         http://is.gd/gYXMwz

                    About Trans-Lux Corporation

Norwalk, Conn.-based Trans-Lux Corporation (NYSE Amex: TLX) is a
designer and manufacturer of digital signage display solutions for
the financial, sports and entertainment, gaming and leasing
markets.

For the year ended Dec. 31, 2012, the Company incurred a net loss
of $1.36 million on $23.02 million of total revenues, as compared
with a net loss of $1.41 million on $23.75 million of total
revenues during the prior year.


TRIUS THERAPEUTICS: Norman Shifrin Files Lawsuit Over Merger Plan
-----------------------------------------------------------------
A lawsuit was filed in the Court of Chancery of the State of
Delaware against Trius, and each member of Trius' board of
directors, and Cubist Pharmaceuticals Inc.  The action was brought
by Norman Shifrin and Irmgard Kaufhold, who claim to be
stockholders of Trius, on their own behalf, and seeks
certification as a class action on behalf of all of Trius'
stockholders.

The complaint alleges that the defendants breached their fiduciary
duties, or aided and abetted the breach of fiduciary duties, owed
to Trius' stockholders in connection with the Offer and the
Merger.  The complaint seeks injunctive relief enjoining the Offer
and the Merger, or, in the event the Offer or the Merger has been
consummated prior to the court's entry of final judgment,
rescinding the Offer and the Merger.  The complaint also seeks an
accounting for all damages and an award of costs, including a
reasonable allowance for attorneys' and experts' fees and
expenses.

BRGO Corporation, a wholly owned direct subsidiary of Cubist
Pharmaceuticals, Inc., previously offered to purchase all of the
outstanding shares of common stock, per value $0.0001 per share,
of Trius Therapeutics, Inc., at a price of $13.50 per Share,
without interest thereon and less any applicable withholding taxes
plus one contingent value right per Share, which represents the
contractual right to receive up to $2.00 per Share, upon the terms
and conditions set forth in the Offer to Purchase dated Aug. 13,
2013.

                      About Trius Therapeutics

San Diego, Calif.-based Trius Therapeutics, Inc. (Nasdaq: TSRX) --
http://www.triusrx.com/-- is a biopharmaceutical company focused
on the discovery, development and commercialization of innovative
antibiotics for serious, life-threatening infections.  The
Company's first product candidate, torezolid phosphate, is an IV
and orally administered second generation oxazolidinone being
developed for the treatment of serious gram-positive infections,
including those caused by MRSA.  In addition to the company's
torezolid phosphate clinical program, it is currently conducting
two preclinical programs using its proprietary discovery platform
to develop antibiotics to treat infections caused by gram-negative
bacteria.

Trius Therapeutics incurred a net loss of $53.92 million in 2012,
a net loss of $18.25 million in 2011 and a $23.86 million net loss
in 2010.

As of June 30, 2013, the Company had $74.05 million in total
assets, $19.37 million in total liabilities and $54.68 million in
total stockholders' equity.


UBS WILLOW: Two Law Firms File FINRA Arbitration Claim
------------------------------------------------------
The Law Firm of David R. Chase, P.A., headed by a former SEC
Prosecutor, and Silver Law Group has filed a FINRA arbitration on
behalf of an investor in the UBS Willow Fund LLC.  The case is
FINRA Number 13-02221.

In October 2012 investors were informed that the Willow Fund would
be liquidated, after having sustained substantial losses.  In a
March 2013 New York Times article on the UBS Willow Fund, it was
reported that it had suffered losses of approximately 80% in the
first three quarters of 2012 after its manager made a radical
change in investment strategy and "piled into some colossally bad
derivative trades."  "The investors, some of whom hadn't realized
they were holding a portfolio filled with risky bets against the
debt of European nations, were stunned," says the article.

The Willow Fund's exposure to credit default swaps began to
significantly increase, and by the end of 2008, while corporate
bonds amounted to only 6% of the portfolio, the value of credit
default swaps rocketed to 25% of the portfolio, from only 2.6% in
2007.  By 2009, credit default swaps amounted to 43% of the Willow
Fund's portfolio composition, the article claims.

Silver Law Group and the Law Firm of David R. Chase are
investigating whether UBS accurately offered and sold the Willow
Fund as a safe, secure and suitable investment, particularly to
retirees and those customers seeking minimal volatility with
stable income, and whether it adequately disclosed the true
material risks involved, particularly after the significant
material change in the fund's strategy and portfolio composition.
The Law Firms are also investigating whether clients' portfolios
were over-concentrated in the Willow Fund investment.

UBS customers who purchased the Willow Fund are encouraged to
contact our law firms to explore whether they can recover their
losses.  All calls handled on a confidential, no obligation basis.
Cases taken on a contingency fee basis, meaning no attorney's fee
owed to the law firms if no recovery.

To discuss your legal options for a potential recovery of your
losses, investors should contact either:

Scott L. Silver, Esq.         David R. Chase, Esq.
Silver Law Group              Law Office of David R. Chase, P.A.
11780 W. Sample Road 1700     East Las Olas Boulevard, Suite 305
Coral Springs, FL 33065       Fort Lauderdale, FL 33301
855-755-4799 (Toll Free)      888-337-8625 (Toll Free)
E-mail: ssilver@silverlaw.com E-mail: david@davidchaselaw.com
Web site: http://www.silverlaw.com

Silver Law Group is a nationally-recognized securities law firm
headquartered in South Florida, with satellite offices in New York
and Washington, DC, representing investors worldwide with their
claims for losses due to stockbroker misconduct and brokerage firm
negligence in securities litigation and arbitration matters.  The
firm has successfully recovered multi-million dollar awards for
its clients against the country's top brokerage houses.

The Law Office of David R. Chase, P.A., based in Fort Lauderdale,
Florida, represents investors nationwide.  David Chase has been
practicing for 20 years, is AV-Rated by Martindale-Hubbell -- its
highest competence and ethics rating -- and previously served as a
Securities and Exchange Commission (SEC) Prosecutor.


UNILAVA CORP: Delays Form 10-Q for Second Quarter
-------------------------------------------------
Unilava Corporation was unable, without unreasonable effort and
expense, to prepare its financial statements for the quarter ended
June 30,2013, in sufficient time to allow the timely filing of the
Form 10-Q report.

                     About Unilava Corporation

Unilava Corporation (OTC BB: UNLA) -- http://www.unilava.com/--
is a diversified communications holding company incorporated under
the laws of the State of Wyoming in 2009.  Unilava and its
subsidiary brands provide a variety of communications services,
products, and equipment that address the needs of corporations,
small businesses and consumers.  The Company is licensed to
provide long distance services in 41 states throughout the U.S.
and local phone services across 11 states.  Through its carrier-
grade microwave wireless broadband infrastructure and broadband
Internet access partners, the Company also offers mobile and high-
definition IP-hosted voice services to residential customers and
corporate clients.  Additionally, Unilava delivers a comprehensive
and integrated suite of fee-based online and mobile advertising
and web services to a broad array of business enterprises.
Headquartered in San Francisco, the Company has regional offices
in Chicago, Seoul, Hong Kong, and Beijing.

Unilava reported a net loss of $1.58 million in 2012, as compared
with a net loss of $2.98 million in 2011.

Shelley International CPA, in Mesa, AZ, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2012.  The independent auditors noted that
the Company has suffered losses from operations, which raises
substantial doubt about its ability to continue as a going
concern.


UNITEK GLOBAL: Delays Second Quarter Form 10-Q for Restatement
--------------------------------------------------------------
UniTek Global Services, Inc., on April 12, 2013, announced that,
as a result of an internal investigation conducted by the Audit
Committee of the Company's Board of Directors with the assistance
of outside independent counsel and a forensic accounting firm, it
was determined that several employees of the Company's Pinnacle
Wireless division engaged in fraudulent activities that resulted
in improper revenue recognition.

As a result of the revenue recognition issues, the Audit Committee
concluded, after consultation with Ernst & Young LLP, the
Company's independent registered public accounting firm, that the
Company would restate its financial information as of and for the
interim periods ended July 2, 2011, Oct. 1, 2011, March 31, 2012,
June 30, 2012, and Sept. 29, 2012, and as of and for the interim
period and year ended Dec. 31, 2011.  On Aug. 9, 2013, the Company
completed its restatement and subsequently filed its annual report
on Form 10-K for the fiscal year ended Dec. 31, 2012, which
included restated financial information for all of the restated
periods previously described.

As a result of the restatement, the Company continues to
experience delays in completing its quarterly reports on Form 10-
Q.  On May 16, 2013, the Company filed a Notification of Late
Filing on Form 12b-25 with the Securities and Exchange Commission
to disclose that it had experienced delays in completing the
preparation of its Form 10-Q for the quarterly period ended
March 30, 2013.  The Company has also experienced delays in
completing its Form 10-Q for the quarterly period ended June 29,
2013.  With the recent completion of its restatement, the Company
is working to prepare and file those quarterly reports as soon as
possible.

                   About UniTek Global Services

UniTek Global Services, Inc., based in Blue Bell, Pennsylvania,
provides fulfillment and infrastructure services to media and
telecommunication companies in the United States and Canada.

As reported by the TCR on June 11, 2013, Standard & Poor's Ratings
Services lowered its corporate credit rating on Blue Bell, Pa.-
based UniTek Global Services Inc. to 'D' from 'CCC'.  "The
downgrade follows UniTek's announcement that it did not make
a scheduled interest payment on May 29, 2013, on its senior
secured term loan due 2018, which we consider to be a default
under our timeliness of payments criteria," said Standard & Poor's
credit analyst Michael Weinstein.

In the June 11, 2013, edition of the TCR, Moody's Investors
Service lowered UniTek Global Services, Inc.'s probability of
default and corporate family ratings to Ca-PD/LD and Ca,
respectively.  The Ca corporate family rating reflects UniTek's
missed interest payment on the term loan which is considered a
default under Moody's definition, the heightened possibility of
another default event, continued delays in the filing of restated
financials including the last two audits, management turnover, the
potential loss of the company's largest customer and other
business and legal risks stemming from issues at the company's
Pinnacle subsidiary.


US WIRELESS: Unveils Forward Guidance & Moving Forward Plans
------------------------------------------------------------
Further to the Company's news releases of July 26 and August 22,
2013, US Wireless Online, Inc. reported its forward guidance and
moving forward plans.

On or about June 28, 2011 the Company completed a reverse split of
500-1.  The Company's authorized shares were capped at 100,000,000
as of July 3, 2012.  The Company's float is estimated to be
12,356,800 shares based on the internal records and the fact that
neither registration statement nor any shares were issued by the
Company.  The company did issue 3 tranches of restricted stock
totaling 86,065,205 in escrow in 2011 and 2012.  Those shares
still remain in escrow.  The purpose of the 86 million share
issuance was three fold.  Firstly, to settle any and all
outstanding debts that remains on the books (approximately $3
million dollars).  Secondly, to develop an introductory broker
(IB), with the outlook to buy an existing off-shore brokerage
namely http://www.pointzerofx.comand a cloud computing business.
This is well under way.  PointZeroFX, a Seychelles-based financial
company and an wholly owned subsidiary of USA based US Wireless
Inc. Ticker Symbol UWRL quoted on OTC Markets, is pleased to
announce that PointZeroFX has successfully launched its test
trading platform.  Today, UWRL is a full time IB representing
pointzerofx.com.  Lastly, the balance of the stock is targeted to
secure a merger with India IT company http://www.keytechnolabs.com

This merger was completed as per the previous announcement of
July 26 and August 22, 2013.

The Company is using this opportunity to address other corporate
matters that may be of interest to its loyal followers, and FAQ
from our followers.  The Company is aware that some Company
critics may be disseminating certain disinformation about the
Company activities on various Internet chat boards.  To that end,
the Company management comments as follows.  The ex-management
(Circa 2007) and ex-operating subsidiaries of UWRL were and may
still be target of certain civil proceedings.  UWRL has not been
named nor does it expect to be.  This action has nothing to do
with UWRL.  A default judgment of about $2.5 million against UWRL
may be null and void for several reasons.  One the "creditor" has
been sanctioned by US authorities and second reason is the
creditor appears to be out of business.  The Company is of the
opinion that if and any creditor comes forward with this debt, the
same is expected to be settled at approximate pennies on the
dollar.  Obviously, should the Company settle, the escrow stock
will return back to the treasury.  All of this activity has
created an "overhang" which prevented the Company to subscribe to
OTC Markets.  The Company is of the opinion that OTC Markets may
finally lift this sanction.  This opinion is based upon the recent
invitation received by the Company from OTC Markets that will
allow UWRL to commence its alternative reporting.

In 2012 the Company has also redomiciled to Wyoming from Nevada.
As previously disclosed in a news release of May 28, 2013 the
company has changed its name to Mercor Portfolio, Inc. with State
of Wyoming.  The Company continues to trade under the ticker UWRL
as the management is well under way of furnishing FINRA with
documents they requested from the Company and the transfer agent
to complete the switch over, to the new name and symbol.

The new board, officers and Directors will be named on the Wyoming
site and filed accordingly very shortly.  The Company will be
answering all shareholders concerns directly via new contact
e-mail address uwrl@keytechnolabs.com

The Company expects to settle accounting with the Transfer Agent
and submit its share structure to FINRA shortly.  The Company is
of the opinion that the unstable share price fluctuation seen
recently is a one-time event for the reasons which are apparent on
their face.

With the aforementioned re-organization and restructuring
complete, the management sees a bright and positive future ahead
as it ventures further into the cloud computing area space which
has seen the market grow from $964 million in 2010 to $3.9 billion
in 2013.

More details will follow on a timely and frequent basis.

Headquartered in Clearwater, Florida, US Wireless Online, Inc.
(pinksheets:UWRL) -- - http://uswirelessonline.com/--  through
its subsidiary, Go Green Electronic Recycling, engages in the
management and recycling of electronic waste in the United States.
The company involves in the recycling of desktops, laptops,
monitors, copiers, printers, fax machines, telecommunication
equipment/systems, networking equipment, cell phones, testing
equipment, mice, keyboards, speakers, ballasts, batteries, and
servers.  It also engages in refurbishing and remarketing of
electronic products.  The company was formerly known as Cash
Foods, Inc. and changed its name to US Wireless Online, Inc. in
May 2003.  US Wireless Online, Inc. was incorporated in 1998.  US
Wireless Online Inc. operates as a subsidiary of IElement Corp.

US Wireless Online, Inc. filed for Chapter 11 bankruptcy
protection on October 9, 2007.


USEC INC: Global X Held 23.1% Equity Stake at July 31
-----------------------------------------------------
Global X Management Company LLC disclosed in an amended Schedule
13G filed with the U.S. Securities and Exchange Commission that as
of July 31, 2013, it beneficially owned 1,143,733 shares of common
stock of USEC Inc. representing 23.1 percent of the shares
outstanding.  Global X previously reported beneficial ownership of
7,594,240 common shares or 6.12 percent equity stake as of
Dec. 31, 2012.  A copy of the amended regulatory filing is
available for free at http://is.gd/zw3I0Y

                           About USEC Inc.

Headquartered in Bethesda, Maryland, USEC Inc. (NYSE: USU) --
http://www.usec.com/-- supplies enriched uranium fuel for
commercial nuclear power plants.

USEC disclosed a net loss of $1.20 billion in 2012, as compared
with a net loss of $491.1 million in 2011.  The Company's balance
sheet at March 31, 2013, showed $1.52 billion in total assets,
$1.99 billion in total liabilities, and a $469.6 million
stockholders' deficit.  As of June 30, 2013, the Company had $1.51
billion in total
assets, $1.93 billion in total liabilities and a $419.2 million
stockholders' deficit.


PricewaterhouseCoopers LLP, in McLean, Virginia, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2012.  The independent auditors noted
that the Company has reported net losses and a stockholders'
deficit at Dec. 31, 2012, and is engaged with its advisors and
certain stakeholders on alternatives for a possible restructuring
of its balance sheet, which raise substantial doubt about its
ability to continue as a going concern.

                        Bankruptcy Warning

"A delisting of our common stock by the NYSE and the failure of
our common stock to be listed on another national exchange could
have significant adverse consequences.  A delisting would likely
have a negative effect on the price of our common stock and would
impair stockholders' ability to sell or purchase our common stock.
As of December 31, 2012, we had $530 million of convertible notes
outstanding.  A 'fundamental change' is triggered under the terms
of our convertible notes if our shares of common stock are not
listed for trading on any of the NYSE, the American Stock
Exchange, the NASDAQ Global Market or the NASDAQ Global Select
Market.  Our receipt of a NYSE continued listing standards
notification described above did not trigger a fundamental change.
If a fundamental change occurs under the convertible notes, the
holders of the notes can require us to repurchase the notes in
full for cash.  We do not have adequate cash to repurchase the
notes.  In addition, the occurrence of a fundamental change under
the convertible notes that permits the holders of the convertible
notes to require a repurchase for cash is an event of default
under our credit facility.  Accordingly, the exercise of remedies
by holders of our convertible notes or lenders under our credit
facility as a result of a delisting would have a material adverse
effect on our liquidity and financial condition and could require
us to file for bankruptcy protection," according to the Company's
annual report for the year ended Dec. 31, 2012.

                           *     *     *

USEC Inc. carries 'Caa1' corporate and probability of default
ratings, with "developing" outlook, from Moody's.

As reported by the TCR on Aug. 17, 2012, Standard & Poor's Ratings
Services lowered its ratings on USEC Inc., including the corporate
credit rating to 'CCC' from 'CCC+'.

"The downgrade reflects our assessment of USEC's long-term
viability after the company publicly stated that it will be
difficult to continue enrichment operations at the Paducah Gaseous
Diffusion Plant after a one-year multiparty agreement to extend
operations expires in May 2013," said Standard & Poor's credit
analyst Maurice S. Austin.


USMART MOBILE: Incurs $648,000 Net Loss in Second Quarter
---------------------------------------------------------
USmart Mobile Device Inc. filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q for the
period ended June 30, 2013, disclosing a net loss of $648,107 on
$25 million of net sales, as compared with a net loss of $1.11 on
$31.36 million of net sales for the same period last year.

For the six months ended June 30, 2013, the Company reported net
income of $240,227 on $39.46 million of net sales, as compared
with a net loss of $1.98 million on $73.77 million of net sales
for the same period during the prior year.

The Company's balance sheet at June 30, 2013, showed $32.56
million in total assets, $33.65 million in total liabilities and a
$1.08 million total stockholders' deficit.

"As of June 30, 2013, the Company had total current assets of
$5,819,223 and current liabilities of $33,484,635.  This raises
substantial doubt about the Company's ability to continue as a
going concern," the Company said in the quarterly report.

The Company was unable to file its Form 10-Q for the period ended
June 30, 2013, on a timely manner due to the Company requiring
additional time to work internally with its staff and externally
with its outside auditors to prepare and finalize the quarterly
report.

A copy of the Form 10-Q is available for free at:

                        http://is.gd/8r1Nbn

                        About USmart Mobile

Del.-based USmart Mobile, previously known as ACL Semiconductors
Inc., is currently engaged in the production, manufacturing and
distribution of smartphones, electronic products and components in
Hong Kong Special Administrative Region and the People's Republic
of China through its operating subsidiaries.


VERITY CORP: Incurs $477,500 Net Loss in June 30 Quarter
--------------------------------------------------------
Verity Corp. filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
attributable to the Company of $477,522 on $1.42 million of total
revenues for the three months ended June 30, 2013, as compared
with a net loss attributable to the Company of $172,025 on $98,812
of total revenues for the same period during the prior year.

For the nine months ended June 30, 2013, the Company reported a
net loss attributable to the Company of $7.02 million on $2.10
million of total revenues, as compared with a net loss
attributable to the Company of $375,197 on $345,130 of total
revenues for the same period a year ago.

The Company's balance sheet at June 30, 2013, showed $4.69 million
in total assets, $7.06 million in total liabilities and a $2.36
million total stockholders' deficit.

A copy of the Form 10-Q is available for free at:

                       http://is.gd/2rOMZ3

Sioux Falls, South Dakota-based Verity Corp., formerly AquaLiv
Technologies, Inc., is the parent of Verity Farms II, Inc.,
Aistiva Corporation (formerly AquaLiv, Inc.).  Verity Farms II is
dedicated to providing consumers with safe, high-quality and
nutritious food sources through sustainable crop and livestock
production.  Aistiva's technology alters the behavior of
organisms, including plants and humans, without chemical
interaction.  Aistiva's platform technology influences biological
processes naturally and without chemical interaction.  To date,
Aistiva has released products in the industries of water
treatment, skincare, and agriculture.

Bongiovanni & Associates, C.P.A.'s, in Cornelius, North Carolina,
expressed substantial doubt about AquaLiv's ability to continue as
a going concern following their audit of the Company's financial
statements for the year ended Sept. 30, 2012.  The independent
auditors noted that the Company has incurred recurring losses from
operations, has a liquidity problem, and requires funds for its
operational activities.


VICTORY ENERGY: Delays Q2 Form 10-Q Due to Restatements
-------------------------------------------------------
Victory Energy Corporation's quarterly report on Form 10-Q for the
period ended June 30, 2013, was not filed within the prescribed
time.

As previously reported, the Company is concluding a restatement of
its annual report on Form 10-K for the year ended Dec. 31, 2011,
and its quarterly reports for each of the quarters ended March 31,
2012, June 30, 2012, and Sept. 31, 2012.

"The preparation of this very large consolidated filing requires a
significant amount of additional hours by the Company's staff and
consultants to obtain and to compile the historical business and
financial data necessary to complete the full restatement," the
Company said in a regulatory filing with the U.S. Securities and
Exchange Commission.

In July 2013, the Company's independent registered public
accountants, Wilson Morgan LLP communicated to the Company their
desire to no longer provide audit services to public companies and
also communicated a pending merger with another firm.  After their
resignation the Company appointed Marcum LLP as its new
independent registered public accountants for and with respect to
the year ended Dec. 31, 2012.  This change of independent
registered public accountants to Marcum LLP has also contributed
to the delayed filing of the Company's annual report on Form 10-K.

                       About Victory Energy

Austin, Texas-based Victory Energy Corporation is engaged in the
exploration, acquisition, development and exploitation of domestic
oil and gas properties.  Current operations are primarily located
onshore in Texas, New Mexico and Oklahoma.

In the auditors' report accompanying the financial statements for
year ended Dec. 31, 2011, WilsonMorgan LLP, in Irvine, California,
expressed substantial doubt about Victory Energy's ability to
continue as a going concern.  The independent auditors noted that
the Company has experienced recurring losses since inception and
has an accumulated deficit.

The Company reported a net loss of $3.95 million on $305,180 of
revenues for 2011, compared with a net loss of $432,713 on
$385,889 of revenues for 2010.  The Company's balance sheet at
Sept. 30, 2012, showed $1.69 million in total assets, $259,886 in
total liabilities and $1.43 million in total stockholders' equity.


VISCOUNT SYSTEMS: Incurs C$707,000 Net Loss in Second Quarter
-------------------------------------------------------------
Viscount Systems, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
a net loss and comprehensive loss of C$707,338 on C$1.04 million
of sales for the three months ended June 30, 2013, as compared
with a net loss and comprehensive loss of C$1.37 million on
C$901,088 of sales for the same period a year ago.

For the six months ended June 30, 2013, the Company reported a net
loss and comprehensive loss of C$2.55 million on C$1.86 million of
sales, as compared with a net loss and comprehensive loss of
C$1.54 million on C$1.76 million of sales for the same period
during the prior year.

The Company's balance sheet at June 30, 2013, showed C$1.67
million in total assets, C$6.21 million in total liabilities and a
C$4.54 million total stockholders' deficit.

A copy of the Form 10-Q is available for free at:

                        http://is.gd/OSv6ur

                       About Viscount Systems

Burnaby, Canada-based Viscount Systems, Inc., is a manufacturer,
developer and service provider of access control security
products.

The Company reported a net loss of C$2.9 million in 2011, compared
with a net loss of C$1.3 million in 2010.

The Company's bank credit facility was suspended on December 30,
2011 due to the bank's assessment of the Company's financial
position.  Management has determined that the Company will need to
raise a minimum of C$500,000 by way of new debt or equity
financing to continue normal operations for the next twelve
months.  Management has been actively seeking new investors and
developing customer relationships, however a financing arrangement
has not yet completed.  Short-term loan financing is anticipated
from related parties, however there is no certainty that loans
will be available when required.  These factors raise substantial
doubt about the ability of the Company to continue operations as a
going concern.

Following the 2011 results, Dale Matheson Carr-Hilton Labonte LLP,
in Vancouver, Canada, expressed substantial doubt about Viscount
Systems' ability to continue as a going concern.  The independent
auditors noted that the Company has an accumulated deficit of
C$5,769,027 and has reported a loss of C$2,883,304 for the year
ended Dec. 31, 2011.


VISION INDUSTRIES: Delays Form 10-Q for Second Quarter
------------------------------------------------------
Vision Industries Corp. was unable to file its quarterly report on
Form 10-Q for the period ending June 30, 2013, because of
unanticipated delays in the completion of its financial statements
and related portions of the Form 10-Q, which delays could not be
eliminated by the Company without unreasonable effort and expense.
In accordance with Rule 12b-25 under the Securities Exchange Act
of 1934, the Company anticipates filing its Form 10-Q no later
than five calendar days following the prescribed due date.

                        About Vision Industries

Long Beach, Cal.-based Vision Industries Corp. focuses its
efforts in building Class 8 fuel cell electric vehicles (FCEV)
used in drayage transportation.

The Company's balance sheet at March 31, 2013, showed $1.4 million
in total assets, $2.4 million in total liabilities, and a
stockholders' deficit of $1 million.

Vision Industries reported a net loss of $5.28 million on $26,545
of total revenue for the year ended Dec. 31, 2012, as compared
with a net loss of $6.44 million on $764,157 of total revenue for
the year ended Dec. 31, 2011.

DKM Certified Public Accountants, in Clearwater, Florida, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2012.  The independent
auditors noted that the Company's cash and available credit are
not sufficient to support its operations for the next year.
Accordingly, management needs to seek additional financing that
raises substantial doubt about its ability to continue as a going
concern.


VISUALANT INC: Incurs $2.4 Million Net Loss in June 30 Quarter
--------------------------------------------------------------
Visualant, Incorporated, filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q for the
period ended June 30, 2013, disclosing a net loss of $2.41 million
on $2.06 million of revenue, as compared with a net loss of
$737,615 on $1.81 million of revenue for the same period last
year.

For the nine months ended June 30, 2013, the Company reported a
net loss of $5.46 million on $6.33 million of revenue, as compared
with a net loss of $1.92 million on $5.52 million of revenue for
the same period a year ago.

The Company's balance sheet at June 30, 2013, showed $5.59 million
in total assets, $7.32 million in total liabilities, $46,609 in
noncontrolling interest and a $1.78 million total stockholders'
deficit.

"The Company anticipates that it will record losses from
operations for the foreseeable future.  As of June 30, 2013, our
accumulated deficit was $19,378,609.  The Company has limited
capital resources, and operations to date have been funded with
the proceeds from private equity and debt financings and loans
from Ronald P. Erickson, our Chief Executive Officer.  These
conditions raise substantial doubt about our ability to continue
as a going concern," the Company said in the quarterly report.

PMB Helin Donovan, LLP, in Nov. 10, 2012, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Sept. 30, 2012.  The independent auditors noted that
the Company has sustained a net loss from operations and has an
accumulated deficit since inception which raise substantial doubt
about the Company's ability to continue as a going concern.

A copy of the Form 10-Q is available for free at:

                        http://is.gd/SoZ4j4

                        About Visualant Inc.

Seattle, Wash.-based Visualant, Inc., was incorporated under the
laws of the State of Nevada on Oct. 8, 1998.  The Company
develops low-cost, high speed, light-based security and quality
control solutions for use in homeland security, anti-
counterfeiting, forgery/fraud prevention, brand protection and
process control applications.

Visualant incurred a net loss of $2.72 million for the year
ended Sept. 30, 2012, compared with a net loss of $2.39 million
for the same period during the prior year.


VISUALANT INC: Authorized Common Shares Hiked to 500 Million
------------------------------------------------------------
The stockholders of Visualant, Inc., approved an amendment to the
Company's Articles of Incorporation increasing the number of
authorized common shares from 200 million to 500 million shares.

On Aug. 12, 2013, the Company filed and received approval from the
State of Nevada for a Certificate of Amendment to the Articles of
Incorporation for Visualant, Inc., a Nevada Profit Corporation,
related to the increase in the number of authorized common shares
from 200 million to 500 million shares.

                         Delays Q2 Form 10-Q

The Company notified the U.S. Securities and Exchange Commission
that it will be delayed in the filing of its quarterly report on
Form 10-Q for the period ended June 30, 2013.

"A delay in receiving financial information, questions regarding
the accounting treatment of certain financial items, and the
inability of the Registrant to incorporate that information into
the Form 10-Q without unreasonable effort and expense on the part
of Registrant has caused the inability to file timely," the
Company said.

                         About Visualant Inc.

Seattle, Wash.-based Visualant, Inc., was incorporated under the
laws of the State of Nevada on Oct. 8, 1998.  The Company
develops low-cost, high speed, light-based security and quality
control solutions for use in homeland security, anti-
counterfeiting, forgery/fraud prevention, brand protection and
process control applications.

Visualant incurred a net loss of $2.72 million for the year
ended Sept. 30, 2012, compared with a net loss of $2.39 million
for the same period during the prior year.  The Company's balance
sheet at March 31, 2013, showed $4.14 million in total assets,
$5.53 million in total liabilities, a $1.42 million total
stockholders' deficit and $40,133 in noncontrolling interest.

PMB Helin Donovan, LLP, in Nov. 10, 2012, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Sept. 30, 2012.  The independent auditors noted that
the Company has sustained a net loss from operations and has an
accumulated deficit since inception which raise substantial doubt
about the Company's ability to continue as a going concern.


WATER'S EDGE: Case Summary & 18 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Water's Edge Properties, LLC
        215 Ridgeway Avenue
        Gadsden, AL 35901

Bankruptcy Case No.: 13-41487

Chapter 11 Petition Date: August 22, 2013

Court: U.S. Bankruptcy Court
       Northern District of Alabama (Anniston)

Judge: James J. Robinson

Debtor's Counsel: Robert D. McWhorter, Jr., Esq.
                  INZER, HANEY, MCWHORTER & HANEY, LLC
                  Post Office Drawer 287
                  Gadsden, AL 35902
                  Tel: (256) 546-1656
                  E-mail: rdmcwhorter@bellsouth.net

Estimated Assets: $0 to $50,000

Estimated Debts: $1,000,001 to $10,000,000

A copy of the Company's list of its 18 largest unsecured creditors
is available for free at http://bankrupt.com/misc/alnb13-41487.pdf

The petition was signed by Fred F. Griffith, managing member.


WESTERN EXPRESS: Default Risk Prompts Moody's to Cut CFR to Caa3
----------------------------------------------------------------
Moody's Investors Service downgraded Western Express, Inc.'s
Corporate Family Rating to Caa3 from Caa2 and Probability of
Default Ratings to Caa3-PD from Caa2-PD. Concurrently, the rating
on Western Express' senior secured notes was downgraded to Caa3
from Caa2. The ratings outlook remains negative.

The following ratings were downgraded (with updated LGD
assessments):

Corporate family rating, to Caa3 from Caa2

Probability of default rating, to Caa3-PD from Caa2-PD

$285 million senior secured notes due 2015, to Caa3 (LGD-4, 53%)
from Caa2 (LGD-4, 54%)

Ratings Rationale:

The ratings downgrade is based on the company's higher probability
of default, in Moody's view, of a debt restructuring to address
its 2015 bond maturity. The downgrade was prompted by the
company's weakened liquidity profile largely arising from negative
free cash flow generation and expectation that credit metrics are
unlikely to improve materially over the near term.

Western Express' Caa3 corporate family rating reflects the
company's weak credit metrics with debt/EBITDA for the twelve
months ended June 30, 2013 of over 8.0 times and EBIT/interest
coverage of under 0.5 times on a Moody's adjusted basis. Although
a moderate improvement to operating income can emanate from a
slightly higher rate environment and a more fuel-efficient fleet,
the company's upcoming debt maturities and need to address those
maturities underlie the Caa3 rating level. Significant freight
volume growth is unlikely over the next year given the low rate of
U.S. economic growth. Western Express has weak liquidity, with
breakeven to negative cash from operations anticipated over the
intermediate term and the potential for substantial utilization of
the $40 million credit facility to fund interest payments.

The negative outlook reflects Moody's view regarding the high
likelihood of a distressed exchange in the near-term, or that
adverse market conditions or unexpectedly weak operating
performance could reduce refinancing or recovery prospects.

An improved liquidity profile including sustained positive free
cash flow generation would likely result in stabilization of the
outlook. Upward ratings momentum would likely result from the
company permanently addressing its capital structure.

Moody's would consider a further downgrade if the company's
recovery prospects diminish, it is unable to address upcoming debt
maturities through a refinancing or credit metrics weaken such
that debt/EBITDA exceeds 12 times and FFO plus Interest to
Interest falls below 0.5 times.

The principal methodology used in this rating was the Global
Surface Transportation and Logistics Companies published in April
2013. Other methodologies used include Loss Given Default for
Speculative-Grade Non-Financial Companies in the U.S., Canada and
EMEA published in June 2009.

Western Express, Inc., headquartered in Nashville, TN, is a
truckload carrier that operates both flat bed and dry van
services. The company is majority owned by the Wise family. The
company generates revenues of over $400 million annually.


XTREME GREEN: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Xtreme Green Products, Inc.
        P.O. Box 36572
        Las Vegas, NV 89133

Bankruptcy Case No.: 13-17266

Chapter 11 Petition Date: August 22, 2013

Court: U.S. Bankruptcy Court
       District of Nevada (Las Vegas)

Judge: Mike K. Nakagawa

Debtor's Counsel: Lenard E. Schwartzer, Es.q
                  SCHWARTZER & MCPHERSON LAW FIRM
                  2850 S. Jones Boulevard, Suite 1
                  Las Vegas, NV 89146
                  Tel: (702) 228-7590
                  Fax: (702) 892-0122
                  E-mail: bkfilings@s-mlaw.com

Scheduled Assets: $253,585

Scheduled Liabilities: $5,210,832

A copy of the Company's list of its 20 largest unsecured creditors
filed with the petition is available for free at:
http://bankrupt.com/misc/nvb13-17266.pdf

The petition was signed by Neil Roth, president.


YARWAY CORPORATION: Plan Filing Deadline Extended to Dec. 18
------------------------------------------------------------
Judge Brendan Linehan Shannon of the U.S. Bankruptcy Court for the
District of Delaware extended Yarway Corporation's exclusive plan
filing period through and including Dec. 18, 2013, and its
exclusive solicitation period through and including Feb. 17, 2014.

According to the Debtor's counsel, Larry J. Nyhan, Esq., at Sidley
Austin LLP, in Chicago, Illinois, the additional time will be used
by the Debtor to continue the process of negotiating a consensual
Chapter 11 with the Official Committee of Asbestos Personal Injury
Claimants and the Future Claimants' Representative.

Kenneth P. Kansa, Esq., Dennis M. Twomey, Esq., and Allison Ross
Stromberg, Esq., at Sidley Austin LLP, in Chicago, Illinois; and
J. Kate Sticklers, Esq., Norman L. Pernick, Esq., and Therese A.
Scheuer, Esq., at Cole, Schotz, Meisel, Forman & Leonard, P.A., in
Wilmington, Delaware, also represent the Debtor.

                    About Yarway Corporation

Yarway Corporation sought Chapter 11 protection (Bankr. D. Del.
Case No. 13-11025) on April 22, 2013, to deal with claims arising
from asbestos containing products it allegedly sold as early as
the 1920s.

Yarway was founded in 1908 by Robert Yarnall and Bernard Waring as
the Simplex Engineering Company and originally manufactured pipe
clamps, steam traps, valves and controls.  Based in Pennsylvania,
Yarway was a privately-owned company until 1986 when KeyStone
International, Inc. bought equity in the company.  Yarway became a
unit of Tyco International Ltd. when Tyco purchased KeyStone in
1997.

Yarway's asbestos-related liabilities derive from Yarway's (i)
purported use of asbestos-containing gaskets and packing,
manufactured by others, in its production of steam valves and
traps from the 1920s to 1970s, and (ii) alleged manufacture of
expansion joint packing that was allegedly made up of a compound
of Teflon and asbestos from the 1940s to the 1970s.

Over the past five years, about 10,021 new asbestos claims have
been asserted against Yarway, including 1,014 in Yarway's 2013
fiscal year ending March 31, 2013.

The Debtor estimated assets and debts in excess of $100 million as
of the Chapter 11 filing.

Attorneys at Cole, Schotz, Meisel, Forman & Leonard, P.A. and
Sidley Austin LLP serve as the Debtor's counsel in the Chapter 11
case.  Logan and Co. is the claims and notice agent.

On May 6, 2013, the U.S. Trustee for Region 3, appointed an
official committee of asbestos personal injury claimants.  The
Committee tapped Elihu Inselbuch, Esq. at Caplin & Drysdale,
Chartered, as lead bankruptcy counsel.


YESHIVA CHOFETZ: Section 341(a) Meeting Scheduled for Sept. 18
--------------------------------------------------------------
A meeting of creditors in the bankruptcy case of Yeshiva Chofetz
Chaim, Inc., will be held on Sept. 18, 2013, at 1:00 p.m. at Room
243A, White Plains.

This is the first meeting of creditors required under Section
341(a) of the Bankruptcy Code in all bankruptcy cases.

All creditors are invited, but not required, to attend.  This
meeting of creditors offers the one opportunity in a bankruptcy
proceeding for creditors to question a responsible office of the
Debtor under oath about the company's financial affairs and
operations that would be of interest to the general body of
creditors.

Yeshiva Chofetz Chaim, Inc., filed a Chapter 11 petition (Bankr.
S.D.N.Y. Case No. 13-23380) in White Plains, New York, on August
19.  Rabbi Mayer Zaks signed the petition as president.  The
Debtor disclosed $17 million in assets and $3.81 million in
liabilities in its schedules.  Judge Robert D. Drain presides over
the case.  The Debtor is represented by Robert S. Lewis, Esq., --
robert.lewlaw1@gmail.com --  at  ROBERT S. LEWIS, P.C., in  Nyack,
NY.


* Courts Split on Wage Garnishment as a Preference
--------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that a district judge in Louisiana took the minority view
and held that garnishment of wages within 90 days of bankruptcy is
a preference.

A creditor took all necessary steps to garnish wages 90 days
before bankruptcy. The bankruptcy judge ruled that wages garnished
within 90 days of bankruptcy amounted to a voidable preference.

On appeal, U.S. District Judge James J. Brady in Baton Rouge
agreed.

When all required steps are taken under Louisiana law, garnishment
gives the creditor a "privilege on the property seized" that is a
"preference over ordinary creditors."  Nonetheless, Judge Brady
said there is no perfection for bankruptcy purposes because a
transfer is not made until the debtor has acquired rights in the
property transferred, citing Section 547(e)(2) and (3) of the
Bankruptcy Code.  In the case of wages, there is no transfer until
the wages have been earned.  Consequently, wages earned within 90
days of bankruptcy are preferences.

In his Aug. 12 opinion, Judge Brady sided with the U.S. Court of
Appeals in Cincinnati.  He notes that the federal circuit courts
of appeal in New York, Atlanta, and Chicago hold otherwise. He
said all three of those decisions are incorrect because they
don't analyze the effect of Section 547(e)(3).

The case is Schott v. First Pay Credit Inc., 13-257, U.S. District
Court, Middle District Louisiana (Baton Rouge).


* Two Bank Failures on Aug. 23 Bring 2013 Total to 20
-----------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that two banks were taken over by regulators on Aug. 23,
bringing the year's total bank failures to 20.

The 15-branch Community South Bank from Parsons, Tennessee,
failed, and its branches were transferred to CB&S Bank of
Russellville, Alabama. Community South had $377.7 million in
deposits. The failure is estimated to cost the Federal Deposit
Insurance Corp. $72.5 million.

There have been two Tennessee bank failures this year so
far.

The six branches of Sunrise Bank in Phoenix were transferred to
First Fidelity Bank NA of Oklahoma City. Sunrise had $196.9
million in deposits. The cost to the FDIC is $17 million. Three
Arizona banks failed so far this year.

In 2012, there were 51 bank failures, compared with 92 in 2011 and
157 in 2010. Bank failures in 2010 were the most since 1992, when
179 institutions were taken over by regulators.


* Bankers Brace for Fed Wind-Down
---------------------------------
Victoria McGrane, writing for The Wall Street Journal, reported
that central bankers around the world are bracing themselves for
more financial turbulence as the Federal Reserve prepares to wind
down its easy-money policies.

According to the report, global markets have reeled since May,
when the Fed began signaling it could soon start scaling back its
$85 billion-per-month bond-buying program. U.S. mortgage rates
have been rising, and currencies and stocks in many developing
economies have been falling. This volatility is "a salient
reminder" that the effects of the Fed's pullback "may not be
smooth," Charles Bean, deputy governor for monetary policy at the
U.K. central bank, said in a speech at the Kansas City Fed's
research conference.

The meeting's official title, "Global Dimensions of Unconventional
Monetary Policy," became all too real for at least one expected
participant, the report said. Brazil's top central banker,
Alexandre Tombini, canceled his plans to attend the conference at
the last minute as the country's currency, the real, tumbled in
value. The Brazilian central bank on Aug. 23 announced a $60-
billion program aimed at halting the real's slide.

In his stead, the central bank's deputy governor Luiz Awazu
Pereira da Silva reassured listeners here Saturday that Brazil
could manage the situation, the report related.  "We prepared
ourselves" for the effects of the easy-money policies employed by
the Fed and other advanced economies to spur stronger growth, he
said. "I think we are now also capable of mitigating the risks for
the unwinding of these measures."

Investors had plowed money into emerging markets in recent years
while the U.S. recovery was sluggish and U.S. interest rates were
at historic lows; now they are pulling money out at the prospect
of rising U.S. rates and a strengthening U.S. economy, the report
said.


* Trump Institute Accused of Fraud by N.Y. Attorney General
-----------------------------------------------------------
Christie Smythe, writing for Bloomberg News, reported that Donald
Trump was sued by New York Attorney General Eric Schneiderman over
claims the billionaire operated a fraudulent online educational
institute that swindled students out of $40 million.

Trump University, now known as the Trump Entrepreneur Initiative,
operated as an unlicensed educational institution and misled
students with promises that they would gain real estate investing
expertise, according a copy of the petition provided by
Schneiderman's office, the report related.  The Aug. 25 filing
wasn't immediately available from New York Supreme Court in
Manhattan.

Students paid as much as $35,000 for the institute's programs,
purportedly taught by experts "handpicked" by Trump, according to
the petition, the report related.  Trump didn't select the
instructors, many of whom didn't have real-estate backgrounds or
had recently sought bankruptcy because of their real estate
investing failures, Schneiderman's office alleged.

After being told that they would recoup the cost of the programs
within a few months, many students were unable to conclude even
one real estate deal, according to the petition, the report added.

"Mr. Trump used his celebrity status and personally appeared in
commercials making false promises to convince people to spend tens
of thousands of dollars they couldn't afford for lessons they
never got," Schneiderman said in a statement.

The case is Schneiderman v. The Trump Entrepreneur Initiative LLC,
400965-2012, Supreme Court of the State of New York, County of New
York (Manhattan).


* FDIC Waging Legal Battle Against Hundreds of Former Bank Leaders
------------------------------------------------------------------
Danielle Douglas, writing for The Washington Post, reported that
as the clock runs out on a three-year statute of limitations, the
Federal Deposit Insurance Corp. has filed a flurry of lawsuits to
recoup losses tied to the largest wave of bank failures during the
financial crisis.

According to the report, the agency is waging legal battles
against hundreds of directors and officers that it claims had a
hand in their bank's demise, failures that cost the deposit
insurance fund billions of dollars. These cases, however, may take
years to play out in the courts, as the judicial process has been
slow-going.

The FDIC has filed 76 lawsuits against 574 former bank executives
since 2008, the report related.  Thirty-two of those cases were
filed in the first eight months of 2013, nearly triple the number
filed during the first eight months of last year, according to the
agency. The surge in filings correlates with the peak of bank
failures rooted in the crisis, which reached 157 in 2010.

Cleaning up the financial wreckage of 483 shuttered banks, many
small community banks, has depleted the insurance fund by $89
billion over the past five years, according to the FDIC, the
report said.  In that time, the agency has recovered $727 million
from individuals associated with the failed banks.

Officials at the FDIC anticipate the number of new lawsuits will
crest after this year, but there is no clear end in sight for
putting the cases to rest, the report added.  Only one of the
agency's lawsuits has reached a jury, while 10 have been settled
out of court.


* OTC Derivatives Rules' Benefits Outweigh Costs, Basel Group Says
------------------------------------------------------------------
Jim Brunsden, writing for Bloomberg News, reported that tougher
rules for trading in over-the-counter derivatives will deliver
economic benefits that outweigh the costs they impose on banks, a
study found.

According to the report, a group of supervisors and central
bankers set up by the Bank for International Settlements estimated
that when regulators have stricter standards in place, they will
boost global economic output by 0.12 percent per year and the
potential for financial crises will be reduced.

Regulators and banks should try to have the largest number of
derivatives trades as possible pass though clearinghouses, the
group said in a statement dated Aug. 26.  The market for OTC
derivatives, which are traded away from exchanges and other
regulated venues, should be based around a "modest number" of
clearinghouses, the Basel, Switzerland-based said.

Nations are trying to bolster and align their rules for the $633
trillion market for swaps and other OTC derivatives, which became
a target for reinforced oversight after the 2008 collapse of
Lehman Brothers Holdings Inc. and the rescue of American
International Group Inc., two of the largest traders in credit-
default swaps, the report said.  Global regulatory plans include
boosting the use of clearinghouses, pushing activity onto
regulated markets and requiring banks to put up more collateral
against their trades.

"While these reforms have clear benefits, they do entail costs,"
the group said in the report.  "Requiring OTC derivatives users to
hold more high-quality, low-yielding assets as collateral lowers
their income. Similarly, holding more capital means switching from
lower-cost debt to higher-cost equity financing. As a consequence,
institutions may pass on higher costs to the broader economy in
the form of increased prices."


* Moody's Notes Lukewarm Performance of Not-for-Profit Hospitals
----------------------------------------------------------------
Median financial data for the US not-for-profit hospitals show
weakening financial performance in fiscal year 2012 after three
years of stability, says Moody's Investors Service. Balance
sheets, however, remained stable in FY 2012.

"The FY 2012 medians highlight the challenges of operating with
lower volumes and revenue growth, higher exposure to government
payers and increased expenses," says Moody's Assistant Vice
President -- Analyst Deepa Patel in "US Not-for-Profit Hospital
2012 Medians Show Balance Sheet Stability Despite Weaker
Performance."

In fiscal 2012, expense growth surpassed revenue growth for the
first time since fiscal 2008, says Moody's. Median total operating
revenue growth rate declined to 5.2% in fiscal 2012 from an
improved 5.4% in fiscal 2011. At the same time, the median net
patient revenue growth rate slowed to 4.7% from 5.3%.

"Hospitals are also operating with lower volumes as many markets
still report a slow economic recovery and consumers defer care or
seek low cost healthcare alternatives," says Moody's Patel.

Meanwhile, median expense growth rate increased to 5.5% in fiscal
2012 from 5.0% in fiscal 2011, says Moody's.

"Many hospitals incurred higher expenses associated with
information technology, physician alignment, supplies and
pharmaceuticals and pension. Some also had higher consulting,
legal and other fees associated with mergers and acquisitions,
debt restructurings and performance improvement initiatives," says
Moody's Patel. The reappearance of expense growth exceeding
revenue growth is unsustainable, says Moody's.

Looking ahead, Moody's expects operating performance will remain
weak in FY 2013, a reason for Moody's negative outlook for the
sector. The negative credit pressures of lower reimbursement and
volumes will continue to be prevalent across all rating
categories.


* Moody's Notes Negative Effect of Insurers' Reliance on Captives
-----------------------------------------------------------------
The growing reliance by US life insurers on captives to manage
regulatory reserving and capital requirements is placing
incremental negative pressure on the industry, says Moody's
Investors Service in its latest special comment "The Captive
Triangle: Where Life Insurers' Reserve and Capital Requirements
Disappear."

The report covers: the framework of captive risk transfer and why
insurers enter into such deals; the credit positives and negatives
associated with use of captives; and the industry's and individual
companies' use of captives based on regulatory company
disclosures.

Captives enable life insurers to manage regulatory strains
associated with life and health products in a tax efficient
manner, address regulatory volatility of reserve and capital
requirements and allow life insurers to operate in jurisdictions
with favorable regulatory standards both within the US and abroad,
says Moody's.

As of the end of 2012, the life industry reported approximately
$169 billion of general account reserve credit for business ceded
to unauthorized captive reinsurers. An unauthorized reinsurer is
neither licensed nor accredited in the state of domicile of the
ceding company, requiring the insurer to secure some form of
collateral in order to receive reserve credit. In addition to the
reserve credit for unauthorized captives, Moody's estimates that
the industry also received approximately $60 billion of general
account reserve credit for transactions with authorized captives
designed to provide some form of reserve relief.

While certain reinsurance transactions do not provide reserve
relief, they can provide some capital benefits to the ceding
company. In total, including these capital relief related
transactions, the industry received approximately $325 billion, or
12% of total reserves, of "relief" in aggregate from unauthorized
captive reinsurers. This equates to approximately 85% of industry
regulatory capital and surplus and only captures one segment of
the industry's captive transactions (those with unauthorized
affiliated captives), added Moody's.

"Although the aggregate reserve relief the industry receives
sounds significant, it is important to examine each company and
transaction individually," said Moody's Senior Vice President
Scott Robinson. "In addition to differing usage of captives by
companies, some transactions may be credit neutral while others
may introduce capital shortfalls and/or potential liquidity
strains."

"In aggregate, a greater reliance on captives by the industry
creates overall negative credit pressure, and these practices
undermine the conservatism US regulators have embedded in their
reserving and capital regimes," added Robinson.

Moody's notes that because many companies' captives are
capitalized at lower levels compared to flagship companies, the
use of captives tends to weaken overall capital adequacy. The use
of captives can also lead to complex corporate structures and
reduced financial transparency, said the rating agency.


* Moody's Says Higher Rates Fuel Q2 Earnings for P&C Insurers
-------------------------------------------------------------
Moody's-rated US P&C insurance companies delivered strong earnings
growth in Q2 2013, with net income increasing 58% over the prior-
year quarter, said Moody's Investors Service in its new special
comment "US P&C Insurers Generated Strong Earnings in Q2 2013; The
Pace of Rate Improvement Slows Slightly in Certain Lines." The
improvement was driven primarily by lower catastrophe losses with
scattered storm and hail activity in the Midwest and South as well
as flooding in Canada and Europe.

Underlying combined ratios continued to improve with earned rate
increases outpacing relatively benign loss cost trends, says
Moody's, and investment income increased modestly by 3%. Reserve
releases were slightly down for Moody's-rated universe from the
prior-year period, continuing their moderating trend although
still providing meaningful earnings support, added Moody's.

"The rate environment largely remained stable with most companies
still reporting healthy rate increases across all business lines,"
said Ji Liu, a Moody's analyst and author of the report. "However,
some insurers reported a slight slowdown in the pace of rate
increases in selected lines, most notably commercial property and
large account business."

In addition, some standard carriers are still re-underwriting
portfolios and actively shedding business which continues to make
its way into the excess and surplus (E&S) lines market, added the
rating agency. Most companies reported relatively stable retention
ratios although some insurers note lower retention ratios as they
take underwriting actions to improve profitability.

Moody's expects commercial lines' rate momentum to remain positive
and is not expecting significant changes over the near-to-medium
term as interest rates remain low, catastrophe volatility remains
elevated, accident year combined ratios for commercial casualty
lines remain above targeted levels, and reserve releases diminish.
However, the sector's prospects for meaningfully enhanced earnings
generation is limited as plentiful capacity will continue to
dampen the upwards trajectory of rates, added the rating agency.


* Moody's Sees Better Macroeconomic Factors for US Life Insurers
----------------------------------------------------------------
US life insurers' second quarter 2013 net income was driven by
higher interest rates, stronger equity markets, an improving
economy and better underwriting, says Moody's Investors Service in
its latest special comment "US Life Insurers' Q2 2013 Results:
Bottom-line Earnings Flat; Macroeconomic Factors Improving."

"We expect insurers will continue with expense-management
initiatives, emphasizing fee-based and/or protection businesses,
while deemphasizing rich product guarantees," said Rokhaya Cisse,
a Moody's analyst and author of the report. "In addition, capital
generation should continue to improve in spite of ongoing share
buybacks and generally higher shareholder dividends."

Reported net income for Moody's-rated publicly-traded US life
insurers declined by 55% in Q2 2013 compared to the prior-year
period. This was due to sizeable non-economic losses for industry
leaders MetLife and Prudential, and when adjusted, the group's net
income was essentially flat.

Operating earnings, as reported by the life companies, increased
by 16% on a year-over-year basis. Impairments tracked just over 1
basis point of invested assets for the industry during the
quarter. Although impairments are likely to be higher for the rest
of the year, they should remain well within annual historical
levels, added the rating agency.

Moody's expects life insurers' quarterly results to remain uneven
for the remainder of 2013 given still low interest rates that
continue to drag down earnings, potential DAC/goodwill write-downs
or unlocking, and exposure to volatile equity markets, despite the
likelihood that recovery and real growth will continue, but at a
slow and variable pace.


* Moody's Canadian Wireless Market Entry Difficult for Newcomers
----------------------------------------------------------------
Any newcomer would face high hurdles in Canada's wireless
telecommunications market, Moody's Investors Service says in a new
report, "Canadian Wireless Incumbents in Strong Position if
Outsiders Come Calling." While Verizon Communications has
confirmed recent news reports that it is evaluating potential
investments north of the border, any company looking to enter the
Canadian space will face significant barriers to entry.

"Whatever the outcome of Verizon's interest, we believe any
foreign competitor would have a difficult time gaining traction in
the Canadian wireless market," says Senior Vice President, Bill
Wolfe. "The three major incumbents -- Bell Canada, Rogers
Communications and TELUS Corp. -- have built out some of the most
sophisticated networks in the world, and would prove formidable
competitors."

At about 80%, Canada's relatively low penetration rate might
suggest there is room for growth, Wolfe says. But the largest
population centers are likely already fully penetrated, while the
un-served part of the market is likely rural and would require
significant capital investment to enter.

In addition, seven of the 10 existing Canadian wireless operators
have fixed-line infrastructure that allows them to offer the
Internet, video and voice components of "quad play" service while
keeping their costs down and enhancing customer loyalty. Five of
the 10 also have network-sharing agreements that further reduce
their costs.

A price war is unlikely, Moody's says. A newcomer's costs would
not be low enough to support such an effort. Nor would
acquisitions be an instant win, because the three Canadian
wireless new entrants -- Wind Mobile, Mobilicity and Public Mobile
-- serve less than 10% of the market and have limited network
infrastructure.

"A battle for market share likely would be based on user
experience, which would require the development of a top-quality
network," Wolfe says. "And since this would be both a costly and
time-consuming undertaking, we estimate it would take four to five
years to develop a profitable company, giving existing players
plenty of time to respond."


* California Personal Bankruptcy Filings Down 26% in First Half
---------------------------------------------------------------
A new California Credit Union League report shows lending at the
state's credit unions increased by 1.3 percent in the second
quarter -- making it the fastest second-quarter loan balance
increase since the beginning of the recession in 2007.  Automobile
financing led the way with a 7.8 percent first-half jump in new
vehicle loans, and a 6.3 percent increase in used vehicle loans.
Unsecured personal loans also grew relatively quickly -- jumping
by 1.8 percent in the first half.

"It's clear the reports of California's heating up weren't a flash
in the pan," said League Chief Economist Dwight Johnston.  "This
improved economic outlook is building consumer confidence with
near-record increases in new loan applications for big-ticket
items ranging from homes to cars."

Helping drive demand for new vehicles, many Californians have
returned to work in 2013.  The state's unemployment rate dipped to
8.5 percent at the end of the year, which while still elevated,
represents a decline of nearly a percentage point in the quarter
and of 1.3 percentage points since the start of the year.  Also,
California home prices increased by 5 percent in the first quarter
and by 17 percent in the year ending in March -- the most recent
data available for the Federal Housing Finance Agency purchase-
only index.

Meanwhile, statewide personal bankruptcy filings declined by 26
percent in the first half compared to year-ago levels according to
the Administrative Office of US District Courts.  And California
credit union borrower-bankruptcy filings declined even faster --
by nearly 31 percent -- in the same time period.

Despite the increased spending, the report found Californians
continued to save.  Credit union savings balances grew 3.0 percent
in the first half and by 3.2 percent in the year ending June 2013.
With historically low market interest rates consumers continue to
focus on building short-term liquid accounts:

-- The state's credit unions report regular savings account
balances grew by 6.9 percent in the first half

-- Checking account balances grew by 5.4 percent

-- Money market balances grew by 1.4 percent

The League's report is compiled from credit unions representing 53
percent of all federally-insured credit unions that collectively
serve 96 percent of the members and manage 98 percent of the
assets reported by such institutions located throughout the state.


* Mortgage Delinquency Rate Down 31% in July, LPS Report Shows
--------------------------------------------------------------
Lender Processing Services, Inc. reported the following "first
look" at July 2013 month-end mortgage performance statistics
derived from its loan-level database representing approximately 70
percent of the overall market.

Total U.S. loan delinquency rate (loans 30 or more days past due,
but not in foreclosure): 6.41%
Month-over-month change in delinquency rate: -3.96%
Year-over-year change in delinquency rate: -8.76%
Total U.S. foreclosure pre-sale inventory rate: 2.82%
Month-over-month change in foreclosure presale inventory rate:
-3.46%
Year-over-year change in foreclosure presale inventory rate:
-30.76%
Number of properties that are 30 or more days past due, but not in
foreclosure: (A) 3,193,000
Number of properties that are 90 or more days delinquent, but not
in foreclosure: 1,347,000
Number of properties in foreclosure pre-sale inventory:
(B) 1,406,000
Number of properties that are 30 or more days delinquent or in
foreclosure:  (A+B) 4,599,000
States with highest percentage of non-current* loans:
FL, MS, NJ, NY, ME
States with the lowest percentage of non-current* loans:
WY, MT, AK, SD, ND

*Non-current totals combine foreclosures and delinquencies as a
percent of active loans in that state.

Notes:(1) Totals are extrapolated based on LPS Applied Analytics'
loan-level database of mortgage assets.(2) All whole numbers are
rounded to the nearest thousand.

                 About Lender Processing Services

Headquartered in Jacksonville, Fla., Lender Processing Services --
http://www.lpsvcs.com-- is a provider of integrated technology,
services, data and analytics to the mortgage and real estate
industries.  LPS is a Fortune 1000 company and employs
approximately 7,500 professionals.


* Peter Schaeffer Joins GlassRatner's New York Office as Principal
------------------------------------------------------------------
GlassRatner Advisory & Capital Group LLC on Aug. 26 announced the
addition of Peter N. Schaeffer as a Principal in the firm working
out of the New York City office.  Mr. Schaeffer will focus on
mergers and acquisitions, capital sourcing, strategic advisory and
restructuring services with a specific focus on the retail and
consumer goods industries.

"The addition of Peter Schaeffer to our New York team is another
example of GlassRatner's continuing investment in that market and
desire to add talented professionals around the country," said
Ron Glass, Principal and founder of the firm.  "With the addition
of Peter, both our New York and national practice gain significant
investment banking experience and enable GlassRatner to be a
leader in the retail and consumer sectors."

Before joining GlassRatner, Mr. Schaeffer was a Partner at Carl
Marks Advisory Group, a founding managing director and global
leader of the retail and consumer products investment banking
group at Giuliani Capital Advisors and its predecessor firm,
Ernst & Young Corporate Finance.  Prior to that he was a senior
equity analyst at Donaldson, Lufkin & Jenrette, where he covered
the branded retail and consumer sectors.  He was previously a
director and senior retail analyst at Warburg Dillon Read.
Mr. Schaeffer also has more than 20 years experience in the retail
industry including senior level positions at both Bloomingdale's
and Macy's.

Ian Ratner, Principal, adds, "Peter's creativity and energy will
be an asset to the firm and our clients.  Our New York office has
become a center of influence at GlassRatner and his addition
should continue that momentum.  In addition to Peter's experience
in the investment banking business, he holds series 7, 63 as well
as a series 24 principal's license.  This background will be
critical as we continue to become more active in capital markets
transactions."

                         About GlassRatner

GlassRatner Advisory & Capital Group LLC --
http://www.GlassRatner.com-- is a national specialty financial
advisory services firm providing solutions to complex business
problems and board level agenda items.  The firm applies a unique
mix of skill sets and experience to address matters of the utmost
importance to an enterprise such as managing through a business
crisis or bankruptcy, planning and executing a major acquisition
or divestiture, pursuing a fraud investigation or corporate
litigation, and other top level non-typical business challenges.


* Large Companies With Insolvent Balance Sheets
-----------------------------------------------

                                              Total
                                             Share-      Total
                                   Total   Holders'    Working
                                  Assets     Equity    Capital
  Company          Ticker           ($MM)      ($MM)      ($MM)
  -------          ------         ------   --------    -------
ABSOLUTE SOFTWRE   ABT CN          120.5      (14.1)     (11.1)
ADVANCED EMISSIO   ADES US          87.0      (42.3)     (18.0)
ADVENT SOFTWARE    ADVS US         824.6     (114.8)    (202.7)
AK STEEL HLDG      AKS US        3,772.7     (181.0)     473.3
ALLIANCE HEALTHC   AIQ US          528.2     (131.1)      64.8
AMC NETWORKS-A     AMCX US       2,460.3     (680.1)     735.0
AMER AXLE & MFG    AXL US        3,008.7     (101.6)     345.2
AMR CORP           AAMRQ US     26,216.0   (8,216.0)  (1,034.0)
AMYLIN PHARMACEU   AMLN US       1,998.7      (42.4)     263.0
ANGIE'S LIST INC   ANGI US         111.8      (11.9)      (9.4)
ARRAY BIOPHARMA    ARRY US         136.0      (21.9)      70.7
AUTOZONE INC       AZO US        6,783.0   (1,532.3)    (657.7)
BERRY PLASTICS G   BERY US       5,045.0     (251.0)     550.0
BIOCRYST PHARM     BCRX US          39.9       (9.0)      21.6
BOSTON PIZZA R-U   BPF-U CN        156.7     (108.0)      (4.2)
BRP INC/CA-SUB V   DOO CN        1,768.0     (496.6)     (21.8)
BUILDERS FIRSTSO   BLDR US         505.5       (8.5)     188.3
CABLEVISION SY-A   CVC US        7,588.1   (5,565.5)     (14.0)
CAESARS ENTERTAI   CZR US       26,844.8     (738.1)     833.8
CALLIDUS SOFTWAR   CALD US         123.1       (2.2)       2.8
CAPMARK FINANCIA   CPMK US      20,085.1     (933.1)       -
CC MEDIA-A         CCMO US      15,296.5   (8,289.2)   1,259.4
CENTENNIAL COMM    CYCL US       1,480.9     (925.9)     (52.1)
CHOICE HOTELS      CHH US          562.7     (520.0)      75.1
CIENA CORP         CIEN US       1,693.3      (97.9)     744.0
CINCINNATI BELL    CBB US        2,145.4     (719.7)     (43.2)
DELTA AIR LI       DAL US       45,772.0   (1,184.0)  (5,880.0)
DEX MEDIA INC      DXM US        2,658.8      (17.7)     (13.5)
DIAMOND RESORTS    DRII US       1,073.5      (81.3)     682.4
DIRECTV            DTV US       20,921.0   (5,688.0)     (81.0)
DOMINO'S PIZZA     DPZ US          468.8   (1,328.8)      73.7
DUN & BRADSTREET   DNB US        1,902.0   (1,097.0)    (194.9)
DYAX CORP          DYAX US          70.7      (37.0)      43.0
EVERYWARE GLOBAL   EVRY US         340.7      (53.6)     134.8
FAIRPOINT COMMUN   FRP US        1,606.4     (400.5)      19.6
FERRELLGAS-LP      FGP US        1,440.6      (29.0)       9.9
FIFTH & PACIFIC    FNP US          846.2     (213.7)     (64.6)
FINJAN HOLDINGS    FNJND US          2.7       (2.5)      (3.0)
FOREST OIL CORP    FST US        1,913.7      (67.4)    (129.4)
FREESCALE SEMICO   FSL US        3,129.0   (4,583.0)   1,235.0
GENCORP INC        GY US         1,411.1     (366.9)      27.9
GLG PARTNERS INC   GLG US          400.0     (285.6)     156.9
GLG PARTNERS-UTS   GLG/U US        400.0     (285.6)     156.9
GLOBAL BRASS & C   BRSS US         576.5      (37.0)     286.9
GOLD RESERVE INC   GRZ CN           78.3      (25.8)      56.9
GRAHAM PACKAGING   GRM US        2,947.5     (520.8)     298.5
HALOGEN SOFTWARE   HGN CN           22.8      (46.2)      (9.4)
HCA HOLDINGS INC   HCA US       27,934.0   (7,485.0)   1,771.0
HD SUPPLY HOLDIN   HDS US        6,459.0   (1,720.0)   1,199.0
HOVNANIAN ENT-A    HOV US        1,618.9     (478.5)     929.3
HUGHES TELEMATIC   HUTCU US        110.2     (101.6)    (113.8)
HUGHES TELEMATIC   HUTC US         110.2     (101.6)    (113.8)
INCONTACT INC      SAAS US           -        (86.5)       -
INCYTE CORP        INCY US         334.2      (27.8)     210.4
INFOR US INC       LWSN US       6,202.6     (476.4)    (417.5)
INSYS THERAPEUTI   INSY US          22.2      (63.5)     (70.0)
IPCS INC           IPCS US         559.2      (33.0)      72.1
ISTA PHARMACEUTI   ISTA US         124.7      (64.8)       2.2
JUST ENERGY GROU   JE US         1,505.7     (215.4)     (97.4)
JUST ENERGY GROU   JE CN         1,505.7     (215.4)     (97.4)
L BRANDS INC       LTD US        5,776.0     (994.0)     634.0
LIN MEDIA LLC      LIN US        1,221.8      (63.5)     (97.2)
LIPOCINE INC       LPCN US           0.0       (0.0)      (0.0)
LORILLARD INC      LO US         3,335.0   (1,855.0)   1,587.0
MANNKIND CORP      MNKD US         212.4     (152.4)    (234.6)
MARRIOTT INTL-A    MAR US        6,377.0   (1,493.0)  (1,063.0)
MARRONE BIO INNO   MBII US          17.8      (45.1)     (21.6)
MDC PARTNERS-A     MDZ/A CN      1,389.4      (16.6)    (204.5)
MDC PARTNERS-A     MDCA US       1,389.4      (16.6)    (204.5)
MEDIA GENERAL-A    MEG US          739.6     (206.4)      30.6
MERITOR INC        MTOR US       2,477.0   (1,059.0)     278.0
MERRIMACK PHARMA   MACK US         107.3      (58.3)      28.2
MONEYGRAM INTERN   MGI US        5,075.8     (148.2)      30.1
MORGANS HOTEL GR   MHGC US         580.7     (163.7)       9.9
MPG OFFICE TRUST   MPG US        1,280.0     (437.3)       -
NATIONAL CINEMED   NCMI US         831.0     (308.8)     122.2
NAVIDEA BIOPHARM   NAVB US          31.1       (1.8)      24.0
NAVISTAR INTL      NAV US        8,723.0   (3,638.0)   1,562.0
NEKTAR THERAPEUT   NKTR US         412.8      (40.5)     144.1
NYMOX PHARMACEUT   NYMX US           1.8       (7.4)      (1.9)
ODYSSEY MARINE     OMEX US          28.0       (7.1)     (15.5)
OMEROS CORP        OMER US          23.1      (12.3)      10.4
OMTHERA PHARMACE   OMTH US          18.3       (8.5)     (12.0)
PALM INC           PALM US       1,007.2       (6.2)     141.7
PDL BIOPHARMA IN   PDLI US         401.4       (1.3)      46.7
PHILIP MORRIS IN   PM US        37,140.0   (3,929.0)   2,049.0
PHILIP MRS-BDR     PHMO11B BZ   37,140.0   (3,929.0)   2,049.0
PLAYBOY ENTERP-A   PLA/A US        165.8      (54.4)     (16.9)
PLAYBOY ENTERP-B   PLA US          165.8      (54.4)     (16.9)
PLY GEM HOLDINGS   PGEM US       1,102.0      (70.2)     194.4
PROTECTION ONE     PONE US         562.9      (61.8)      (7.6)
QUALITY DISTRIBU   QLTY US         474.4      (42.0)      99.0
QUINTILES TRANSN   Q US          2,426.7   (1,322.3)     217.5
REGAL ENTERTAI-A   RGC US        2,608.4     (697.9)     (21.2)
RENAISSANCE LEA    RLRN US          57.0      (28.2)     (31.4)
RENTPATH INC       PRM US          208.0      (91.7)       3.6
REVLON INC-A       REV US        1,269.7     (632.4)     180.6
RITE AID CORP      RAD US        6,945.4   (2,357.5)   1,822.5
RURAL/METRO CORP   RURL US         303.7      (92.1)      72.4
SALLY BEAUTY HOL   SBH US        1,892.1     (280.5)     523.4
SEQUENOM INC       SQNM US         192.8       (6.4)      88.3
SILVER SPRING NE   SSNI US         506.9      (86.7)      69.5
SUNESIS PHARMAC    SNSS US          50.6       (5.8)      15.3
SUNGAME CORP       SGMZ US           0.1       (1.3)      (1.4)
SUPERVALU INC      SVU US        4,691.0   (1,084.0)       2.0
TAUBMAN CENTERS    TCO US        3,369.8     (191.4)       -
THRESHOLD PHARMA   THLD US         104.5      (25.2)      80.0
TOWN SPORTS INTE   CLUB US         414.5      (43.7)     (14.3)
TROVAGENE INC      TROV US           9.6       (2.5)       7.1
TROVAGENE INC-U    TROVU US          9.6       (2.5)       7.1
ULTRA PETROLEUM    UPL US        2,062.9     (441.1)    (266.6)
UNISYS CORP        UIS US        2,275.8   (1,536.0)     412.2
VECTOR GROUP LTD   VGR US        1,069.5     (129.5)     384.8
VENOCO INC         VQ US           695.2     (258.7)     (39.2)
VERISIGN INC       VRSN US       2,524.8     (273.9)     312.7
VIRGIN MOBILE-A    VM US           307.4     (244.2)    (138.3)
VISKASE COS I      VKSC US         334.7       (3.4)     113.5
WEIGHT WATCHERS    WTW US        1,310.8   (1,561.1)     (84.7)
WEST CORP          WSTC US       3,462.1     (819.5)     338.0
WESTMORELAND COA   WLB US          933.6     (281.6)     (11.1)
XERIUM TECHNOLOG   XRM US          600.8      (35.1)     123.8
XOMA CORP          XOMA US          76.9      (16.9)      46.5
YRC WORLDWIDE IN   YRCW US       2,172.5     (641.5)     105.5



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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., Washington, D.C., USA.
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Ronald C. Sy, Joel Anthony G. Lopez, Cecil R.
Villacampa, Sheryl Joy P. Olano, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

Copyright 2013.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000 or Nina Novak at 202-241-8200.


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