TCR_Public/170603.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Saturday, June 3, 2017, Vol. 21, No. 153

                            Headlines

AEROPOSTALE INC: Suffers $3.65 Million Net Loss at Apr. 1
RMS TITANIC: Ended March With $559,387 in Bank Funds
RMS TITANIC: Posted $559,479 in Ending Cash Balance at April 30

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AEROPOSTALE INC: Suffers $3.65 Million Net Loss at Apr. 1
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Aeropostale, Inc., et. al., filed with the U.S. Securities and
Exchange Commission their monthly operating report for the period
from February 26, 2017 through April 1, 2017.

The Debtors reflected a consolidated net loss of $3.65 million for
the reporting period, as compared to the $1.05 million net loss
recorded at February 25, 2017.

As of April 1, 2017, the Debtors posted consolidated total assets
of $385.77 million, consolidated total liabilities of $225.19
million, and $160.58 million in consolidated total shareholders'
equity.

The Debtors listed $23.08 million in total disbursements for the
period.

A copy of the monthly operating report is available at the SEC at:

                    http://bit.ly/2ruxVpX

                    About Aeropostale, Inc.

Aeropostale, Inc. (OTC Pink: AROPQ) is a specialty retailer of
casual apparel and accessories, principally serving young women and
men through its Aeropostale(R) and Aeropostale Factory(TM) stores
and website and 4 to 12 year-olds through its P.S. From Aeropostale
stores and website.  The Company provides customers with a focused
selection of high quality fashion and fashion basic merchandise at
compelling values in an exciting and customer friendly store
environment.  Aeropostale maintains control over its proprietary
brands by designing, sourcing, marketing and selling all of its own
merchandise.  As of May 1, 2016, the Company operated 739
Aeropostale(R) stores in 50 states and Puerto Rico, 41 Aeropostale
stores in Canada and 25 P.S. from Aeropostale(R) stores in 12
states.  In addition, pursuant to various licensing agreements, the
Company's licensees currently operate 322 Aeropostale(R) and P.S.
from Aeropostale(R) locations in the Middle East, Asia, Europe, and
Latin America.  Since November 2012, Aeropostale, Inc., has
operated GoJane.com, an online women's fashion footwear and apparel
retailer.

Aeropostale, Inc., and 10 of its affiliates each filed a voluntary
petition under Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y.
Lead Case No. 16-11275) on May 4, 2016.  The petitions were signed
by Marc G. Schubac, senior vice president, general counsel and
secretary.

The Debtors disclosed assets of $354.38 million and total debt
of $390.02 million as of Jan. 30, 2016.

The Debtors hired Weil, Gotshal & Manges LLP as counsel; FTI
Consulting, Inc., as restructuring advisor; Stifel, Nicolaus &
Company, Inc., and Miller Buckfire & Company LLC as investment
bankers; RCS Real Estate Advisors as real estate advisors; Prime
Clerk LLC as claims and noticing agent; Stikeman Elliot LLP as
Canadian counsel; and Togut, Segal & Segal LLP as conflicts
counsel.

Judge Sean H. Lane is assigned to the cases.

The U.S. trustee for Region 2 on May 11, 2016, appointed seven
creditors of Aeropostale Inc. to serve on the official committee of
unsecured creditors.  The Committee retained Pachulski Stang Ziehl
& Jones LLP as counsel.


RMS TITANIC: Ended March With $559,387 in Bank Funds
----------------------------------------------------
RMS Titanic, Inc., filed with the U.S. Securities and Exchange
Commission its monthly operating report for March 2017.

In its schedule of receipts and disbursements, the Debtor noted
that it had $559,292.14 in bank funds at March 1, 2017.  It listed
$95 in total receipts and no disbursements for the reporting
period.  Thus, at March 31, the Debtor had a $559,387.14 ending
cash balance.

A copy of the monthly operating report is available at the SEC at:

                    http://bit.ly/2roF0J8

                 About About RMS Titanic, Inc.

Premier Exhibitions, Inc. (Nasdaq: PRXI), located in Atlanta,
Georgia, is a presenter of museum quality exhibitions throughout
the world.  Premier --http://www.PremierExhibitions.com/--  
develops and displays unique exhibitions for education and
entertainment including Titanic: The Artifact Exhibition,
BODIES...The Exhibition, Tutankhamun: The Golden King and the
Great Pharaohs, Pompeii The Exhibition, Extreme Dinosaurs and Real
Pirates in partnership with National Geographic.  The success of
Premier Exhibitions lies in its ability to produce, manage, and
market exhibitions.

RMS Titanic and seven of its subsidiaries filed voluntary
petitions for reorganization under Chapter 11 of the Bankruptcy
Code (Bankr. M.D. Fla. Lead Case No. 16-02230) on June 14, 2016.
Former ChiefFinancial Officer and Chief Operating Officer Michael
J. Little signed the petitions. The Chapter 11 cases are assigned
to Judge Paul M. Glenn.

The Debtors estimated both assets and liabilities of $10 million to
$50 million.

The Debtors are represented by Daniel F. Blanks, Esq. and Lee D.
Wedekind, III, Esq. at Nelson Mullins Riley & Scarborough LLP. The
Debtors employ Brian A. Wainger, Esq. at Kaleo Legal as special
litigation counsel, outside general counsel, securities counsel,
and conflicts counsel; Robert W. McFarland, Esq. at McGuireWoods
LLP as special litigation counsel; Steven L. Berson, Esq. at
Dentons US LLP and Dentons Canada LLP as outside general counsel
and securities counsel; Oscar N. Pinkas, Esq. at Dentons LLP as
outside general counsel and securities counsel.

The Debtors also employed Ronald L. Glass as Chief Restructuring
Officer and GlassRatner Advisory & Capital Group, LLC, as
financial advisors.

On August 24, 2016, the United States Trustee appointed an official
committee of unsecured creditors, as well as an official committee
of equity security holders.  The Creditors Committee consists of
TSX Operating Co., LLC, Dallian Hoffen Biotechnique Co., Ltd., and
B.E. Capital Management Fund, LP.  The Equity Committee consists of
Jonathan Heller, Lawndale Capital Management LLC, Ian Jacobs, ACK
Investments, LLC, and Frank Gerber.

The Creditors Committee retained Avery Samet, Esq. and Jeffrey
Chubak, Esq. at Storch Amini & Munves PC, and Richard R. Thames,
Esq. and Robert A. Heekin, Jr., Esq. at Thames Markey & Heekin,
P.A. as counsel.

The Equity Committee retained Peter J. Gurfein, Esq. at Landau
Gottfried & Berger LLP as counsel; Jacob A. Brown, Esq. and
Katherine C. Fackler, Esq. at Akerman LLP as Co-Counsel; and Teneo
Securities LLC as financial advisor.


RMS TITANIC: Posted $559,479 in Ending Cash Balance at April 30
---------------------------------------------------------------
RMS Titanic, Inc., filed with the U.S. Securities and Exchange
Commission its monthly operating report for April 2017.

In its schedule of receipts and disbursements, the Debtor noted
that it had $559,387 in bank funds at April 1, 2017.  It listed $91
in total receipts and no disbursements for the reporting period.
Thus, at April 30, the Debtor had a $559,479 ending cash balance.

A copy of the monthly operating report is available at the SEC at:

                    https://is.gd/ctR3MO  

                 About About RMS Titanic, Inc.

Premier Exhibitions, Inc. (Nasdaq: PRXI), located in Atlanta,
Georgia, is a presenter of museum quality exhibitions throughout
the world.  Premier --http://www.PremierExhibitions.com/--  
develops and displays unique exhibitions for education and
entertainment including Titanic: The Artifact Exhibition,
BODIES...The Exhibition, Tutankhamun: The Golden King and the
Great Pharaohs, Pompeii The Exhibition, Extreme Dinosaurs and Real
Pirates in partnership with National Geographic.  The success of
Premier Exhibitions lies in its ability to produce, manage, and
market exhibitions.

RMS Titanic and seven of its subsidiaries filed voluntary
petitions for reorganization under Chapter 11 of the Bankruptcy
Code (Bankr. M.D. Fla. Lead Case No. 16-02230) on June 14, 2016.
Former ChiefFinancial Officer and Chief Operating Officer Michael
J. Little signed the petitions. The Chapter 11 cases are assigned
to Judge Paul M. Glenn.

The Debtors estimated both assets and liabilities of $10 million to
$50 million.

The Debtors are represented by Daniel F. Blanks, Esq. and Lee D.
Wedekind, III, Esq. at Nelson Mullins Riley & Scarborough LLP. The
Debtors employ Brian A. Wainger, Esq. at Kaleo Legal as special
litigation counsel, outside general counsel, securities counsel,
and conflicts counsel; Robert W. McFarland, Esq. at McGuireWoods
LLP as special litigation counsel; Steven L. Berson, Esq. at
Dentons US LLP and Dentons Canada LLP as outside general counsel
and securities counsel; Oscar N. Pinkas, Esq. at Dentons LLP as
outside general counsel and securities counsel.

The Debtors also employed Ronald L. Glass as Chief Restructuring
Officer and GlassRatner Advisory & Capital Group, LLC, as
financial advisors.

On August 24, 2016, the United States Trustee appointed an official
committee of unsecured creditors, as well as an official committee
of equity security holders.  The Creditors Committee consists of
TSX Operating Co., LLC, Dallian Hoffen Biotechnique Co., Ltd., and
B.E. Capital Management Fund, LP.  The Equity Committee consists of
Jonathan Heller, Lawndale Capital Management LLC, Ian Jacobs, ACK
Investments, LLC, and Frank Gerber.

The Creditors Committee retained Avery Samet, Esq. and Jeffrey
Chubak, Esq. at Storch Amini & Munves PC, and Richard R. Thames,
Esq. and Robert A. Heekin, Jr., Esq. at Thames Markey & Heekin,
P.A. as counsel.

The Equity Committee retained Peter J. Gurfein, Esq. at Landau
Gottfried & Berger LLP as counsel; Jacob A. Brown, Esq. and
Katherine C. Fackler, Esq. at Akerman LLP as Co-Counsel; and Teneo
Securities LLC as financial advisor.


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