312-263-2200

 

9/20/2021                                                                                                                           [Edition 1, Volume 8]

In many distressed situations, there are opportunities for clients to acquire assets at discounted prices. Gensburg Calandriello & Kanter is providing this bi-monthly summary of recent Chapter 11 cases filed in Illinois, Indiana, Wisconsin, Michigan and Ohio, as well as hospitality cases filed nationally, in which debtors (not necessarily clients of GCK) own assets that may be of interest, thereby making GCK clients aware of potential opportunities and ventures in the distressed assets market.  Cases listed under “Assets for Sale” feature assets currently available.  In cases listed under “New Filings,” the debtors have not yet found it necessary or otherwise decided to liquidate their assets, but may nonetheless be receptive to inquiries or offers to acquire some or all of the assets that they own.

New Filings

The following is an updating list of cases which are currently in, or entering chapter 11 bankruptcy.  We hope that these summaries provide you with the ability to quickly determine the relevancy of any given case and gauge your level of interest in the assets contained within.  If you need further information on any of the opportunities listed, please contact us by clicking here.

Illinois

Commercial Cleaning Services – Arlington Heights, Illinois

In re HK Facility Services, Inc. (Bankr. N.D. IL); Case No. 21-10458

  • HK Facility Services, Inc. filed for relief under Chapter 11 of the Bankruptcy Code in the Northern District of Illinois on September 9, 2021. According to HK Facility Services, Inc.’s website, they offer nightly janitorial cleaning services for schools, churches, medical facilities, office buildings, and more. Other services include janitorial supplies inventory management, carpet cleaning, power washing, biohazard cleanup, ceiling and rafter cleanup, warehouse cleaning, vinyl floor restoration, exterior building maintenance, new floor installation, parking lot maintenance, and hard surface floor maintenance.  Debtor estimates that its assets are worth no more than $50,000 and that its liabilities are between $100,001 and $500,000.  No information pertaining to specific assets is disclosed by Debtor, but Debtor does disclose that its largest unsecured creditors hold claims totaling $263,831.97.  No income information or reason for bankruptcy is provided by Debtor.

Interstate Transportation / Carrier – Willowbrook, Illinois

In re Streamline Express, Inc. (Bankr. N.D. IL); Case No. 21-10365

  • Streamline Express, Inc. filed for relief under Chapter 11 of the Bankruptcy Code in the Northern District of Illinois on September 6, 2021. Streamline Express, Inc. offers interstate transportation of a variety of cargo, including: general freight, household goods, sheet metal, motor vehicles, building materials, mobile homes, machinery, produce, grain, feed, hay, beverages, paper products, utilities, agricultural/farm supplies. Debtor estimates that its assets are worth up to $50,000 and that its estimated liabilities are between $100,001 and $500,000.  Debtor disclosed that as of the Petition date, its assets consist of one checking account that is currently frozen and general office furniture and appliances valued at by Debtor at $200.  The Debtor does not disclose ownership of any vehicles that would be used in its business operations.  Debtor further discloses that its unsecured creditors hold claims totaling $333,500.00 and that it has no liabilities secured by real property.  Debtor reports gross revenue of $6,702,585.00 for 2019, gross revenue of $2,097,508.00 for 2020, and $851,547.00 for January 2021 through the Petition date. Debtor does not provide a specific reason for filing bankruptcy.

Wisconsin

Health Care – Deerfield, Wisconsin

In re Deerfield Place Assisted Living LLC (Bankr. W.D. WI); Case No. 3-21-11870-cjf

  • On September 7, 2021, Deerfield Place Assisted Living LLC and its below described affiliates/co-debtors filed for relief under Chapter 11 of the Bankruptcy Code in the Western District of Wisconsin. Deerfield Place Assisted Living owns the property where a memory care and assisted living facility operates. Debtor estimates the value of its assets to be up to $500,000 and the value of its liabilities to be between $500,000 and $1 million.  Debtor disclosed personal property consisting of and valued at by Debtor as follows: investments valued at $120,000.  Debtor also disclosed real property consisting of and valued at by Debtor as follows: the real property commonly known as 15 State Street, Deerfield, Wisconsin 53531 valued at $300,000.  15 State Street was foreclosed on by First national Bank, who also holds a $765,000 mortgage encumbering the property. Unsecured creditors hold additional claims against Debtor totaling $96,197.85. Debtor’s Petition further discloses that Debtor is party to a lease with Gerou Properties, LLC and receives $1,300 per month from Gerou Properties.  For 2019 and 2020, Debtor reports gross revenue of $15,600. Debtor reports $0 gross revenue for 2012 through the Petition Date.

In re Gerou Properties LLC (Bankr. W.D. WI); Case No. 3-21-11867-cjf

  • Also on September 7, 2021, Gerou Properties LLC, D/B/A Deerfield Place Assisted Living, filed for relief under Chapter 11 of the Bankruptcy Code in the Western District of Wisconsin. Gerou Properties LLC operates the memory care and assisted living facility that is located on the real property owned by Deerfield Place Assisted Living LLC. According to pleadings filed in this case, the Debtor’s facility houses a total of 8 patients. Gerou Properties LLC is also a co-debtor with Deerfield Place Assisted Living LLC and the below described entities.  Debtor estimates the value of its assets to be between $100,001 and $500,000 and the value of its liabilities to be $500,001 to $1 million.  Debtor did not disclose ownership of any real property, but did disclose personal property consisting of and valued at by Debtor as follows: $15,000 of cash on hand, bank accounts valued at $500, and office furniture, fixtures, and equipment, including computer equipment and communication systems and software, copy, fax, laptops, program, medical cart, and household furniture with a replacement value of $50,000.  Debtor discloses that it has interest in intangibles and intellectual property, but does not provide an estimated value of such intangibles.  Debtor also discloses that it holds a potential breach of contract claim valued at $120,000, but no complaint has been filed as of yet.  Debtor’s only secured claim is the $765,000 mortgage/loan held by First American Bank of which Debtor is a co-debtor.  The secured claim is specifically against all of Debtor’s office furniture and equipment. Unsecured creditors hold claims totaling $96,197.85 against Debtor and its co-debtors.  As mentioned, Debtor is party to a lease with Deerfield Place Assisted Living and pays $1,300 per month in rent. Debtor reports gross revenue of $304,206 for 2019, $226,945 for 2020, and $139,998.65 for 2021 through the Petition date.

In re Gerou Properties II LLC (Bankr. W.D. WI); Case No. 3-21-11868-cjf

  • Gerou Properties II LLC D/B/A So Close to Home, filed for relief under Chapter 11 of the Bankruptcy Code in the Western District of Wisconsin on September 7, 2021. Similar to Gerou Properties LLC, Gerou Properties II LLC operates an assisted living facility in Marshall, Wisconsin. According to pleadings filed in this case, the Debtor’s facility houses a total of 5 residents.  Debtor estimates its assets to have a value up to $500,000 and its liabilities to be between $500,001 and $1 million.  Debtor discloses personal property consisting of and valued at by Debtor as follows: $15,000 cash on hand, office furniture, fixtures, and equipment with a replacement value of $50,000. Debtor also lists the same potential breach of contract claim for $120,000 that was also listed by the above entities, but which has not yet been filed.  Debtor is a co-debtor on the $765,000 mortgage/loan held by First American Bank.  Debtor pledged its office furniture and equipment to secure the First American Bank loan.  Debtor’s unsecured creditors hold claims totaling $96,197.85 against all of the co-debtors.  Debtor is party to a lease with So Close to Home II, LLC for the property where it operates the assisted living facility and pays $4,300 per month in rent.  Debtor reports gross revenue of $810,139 for 2019, $288,180 in 2020, and $148,464.71 in 2021 through the Petition date.

In re So Close to Home II LLC (Bankr. W.D. WI); Case No. 3-21-11869-cjf

  • So Close to Home II LLC filed for relief under Chapter 11 of the Bankruptcy Code on September 7, 2021, in the Western District of Wisconsin. So Close to Home II LLC owns the real property commonly known as 202 Lakewood Terrace, Marshall, Wisconsin, where Gerou Properties II LLC operates an assisted living facility. Debtor estimates that its assets and liabilities are both between $500,001 and $1 million. Debtor values its real property, 202 Lakewood Terrace, at $600,000, based on a comparable fee simple sale.  The only other asset Debtor discloses is the $120,000 potential breach of contract claim that is listed by all co-debtors and which has not been filed. Debtor’s secured claim is the $765,000 claim held by First American Bank, which encumbers Debtor’s real property as its first mortgage.  Debtor is also subject to unsecured claims totaling $96,197.85 with the other co-debtors. Debtor receives rental payments of $4,300 per month from Gerou Properties II LLC for the assisted living facility. For 2019 and 2020, Debtor reports gross revenue of $51,600. Debtor reports no gross revenue for 2021 through the date of its Petition.

Hospitality

Single Asset Real Estate – Richmond, Kentucky

In re Alisha, LLC (Bankr. E.D. KY); Case No. 21-50965-grs

  • Alisha, LLC filed for relief under Chapter 11 of the Bankruptcy Code on August 23, 2021, in the Eastern District of Kentucky. Alisha, LLC describes itself as a single asset real estate business as defined in Code §101(51B), but does not disclose any additional information pertaining to its business operations in its Voluntary Petition and accompanying first day filings. A Google search of Alisha, LLC’s principal place of business, 1698 Northgate Drive, Richmond, Kentucky, reveals a Super 7 Motel is located at the address. Debtor estimates that the value of its assets it between $1,000,001 and $10 million, while it estimates its liability to only be $500,001 – $1 million. Debtor reveals that its largest unsecured creditors hold claims totaling $8,252.97, plus known federal taxes. Debtor’s real property consists of the real property commonly known as 1698 Northgate Drive, Richmond, Kentucky, valued by the Debtor at $1.25 million and encumbered by multiple tax liens totaling $259,212.95 for unpaid property taxes and a $232,649.88 sales contract. The sales contract is in connection with a pending foreclosure action filed against Debtor in the Madison Circuit Court (Case No. 20-CI-00255). Debtor also disclosed personal property consisting of and valued at by Debtor as follows: bank accounts valued at $2,202.50 and furnishings in approximately 55 rental rooms valued at $55,000. Debtor further discloses gross income of $132,683.00 for 2019 and $178,035.00 for 2020. No income was disclosed by Debtor for 2021, year-to-date.

Hotel – Enid, Oklahoma

In re Ganesh and Maruti LLC (Bankr. W.D. OK); Case No. 21-12313

  • On August 25, 2021, Ganesh and Maruti LLC filed for relief under Chapter 11 of the Bankruptcy Code in the Western District of Oklahoma. Ganesh and Maruti LLC’s Voluntary Petition and related first day filings does not disclose any information about business operations. However, a Google search suggests that Ganesh and Maruti LLC operates a Days Inn by Wyndham Enid Hotel at the real property commonly known as 2818 South Van Buren Street, Enid, Oklahoma. Debtor estimates that is assets are worth no more than $50,000 and its liabilities total $500,001-$1 million. Debtor discloses that its unsecured creditors hold claims totaling $847,409.81. No further information about assets or liabilities is disclosed by Debtor.  Nor does Debtor disclose income or the reason for bankruptcy.

Hotel – Attleboro, Massachusetts

In re NESV Hotel, LLC (Bankr. D. Mass); Case No. 21-11228

  • On August 26, 2021, NESV Hotel, LLC filed for relief under Chapter 11 of the Bankruptcy Code in the District of Massachusetts. NESV Hotel, LLC classified itself as a single asset real estate business under Code §101(51B) with its principal place of business at 1395A Commerce Way, Attleboro, Massachusetts. Also disclosed on Debtor’s Voluntary Petition was a number of affiliate bankruptcy cases that were also filed in the District of Massachusetts on August 26, 2021, including: NESV Ice, LLC (Case No. 21-11226); NESV Swim, LLC (Case No. 21-11231); NESV Tennis, LLC (Case No. 21-11232); NESV Land East, LLC (Case No. 21-11230); NESV Field, LLC (Case No. 21-11227); and NESV Land, LLC (Case no. 21-11229).

In a motion for entry of an order directing joint administration of the Chapter 11 cases of Debtor and its affiliates (the “Motion”), Debtor disclosed that it and all of the affiliated entities are part of the New England Sports Village (the “Village”).  The Debtor describes the Village as a planned athletic, entertainment, and hospitality complex located on 138.3-acre site in Attleboro, Massachusetts.  An ice rink facility has already been constructed at the Village, with plans to add a field house and 150-room hotel geared toward visitors and corporate events.  The Debtor has noted that the planned field house provides for indoor and outdoor fields, and caters to traditional sports such as soccer, lacrosse, field hockey, baseball, and gymnastics, and will offer other recreational and food and beverage amenities. The Debtor asserts that the final part of the planned development for the Village is construction of a tennis, aquatics, and wellness center and an outdoor adventure course with ropes and zip-lining.

The Motion further provided information about the business operations of Debtor and its affiliates, that own real property with the address 1395 Commerce Way, Attleboro, Massachusetts. Debtor, NESV Hotel, LLC, owns 9.2-acres of real property and has long-term business plans to construct and operate a sports facility ancillary to the Village or a storage facility.

NESV Ice, LLC has 26 employees and owns a 12.4-acre piece of real property that includes an ice rink that is primarily used for ice hockey game, practices, and figure skating.  NESV Swim, LLC owns 6.8-acres of real property with future plans to construct and operate an aquatics center. Similarly, NESV Tennis, LLC owns 19.7-acres of property and plans to construct and operate a tennis facility.  NESV Field, LLC owns 21.7-acres and has future plans to construct a field house. Finally, both NESV Land East, LLC, which owns 35-acres, and NESV Land, LLC, which owns 34.5-acres of real property, and subject to obtaining applicable zoning variances, plan to sell their respective land to a developer for large scale commercial purposes (e.g., warehouse or distribution facility) or residential use.

In its Petition, Debtor estimates that its assets are between $1,000,0001 and $10 million, while its liabilities are between $10,000,001 and $50 million.  Debtor’s Petition does not provide any information pertaining to specific assets and only discloses that its largest unsecured creditors hold unsecured claims totaling $5,858.22, which is owed the City of Attleboro for unpaid taxes. The Motion does offer some clarification, stating that the primary reason for Debtor and its affiliates filing bankruptcy stems from a foreclosure sale noticed by the alleged holder the Debtors’ senior secured debt, SHS ACK, LLC (“SHS”).  Other factors include ongoing litigation with the contractor who build the rink on NESV Ice, LLC’s property and approximately 4 months of forced closures stemming from COVID-19.  Debtor does not disclose any income, but does disclose in the Motion that NESV Ice, LLC have seen improved circumstances since COVID restrictions have eased and the ice rink has been operational.

Luxury Resort Hotel – Santa Fe, New Mexico

In re BL Santa Fe, LLC (Bankr. Dist. DE); Case No. 21-11190

In re BL Santa Fe (Mezz), LLC (Bankr. Dist. DE); Case No. 21-11191

  • On August 30, 2021, both BL Santa Fe, LLC and BL Santa Fe (Mezz), LLC filed for relief under Chapter 11 of the Bankruptcy Code in the District of Delaware. BL Santa Fe, LLC is 100% owned by BL Santa Fe (Mezz), LLC. According to the Declaration filed with BL Santa Fe, LLC’s Voluntary Petition and the website provided on both entities’ Petitions, Debtors own and operate a luxury resort known as Bishop’s Lodge (the “Lodge”), part of the Auberge Resorts Collection, located at 1297 Bishops Lodge Road, Santa Fe, New Mexico.  Bishop’s Lodge is on 317 acres that border Santa Fe National Forest.  The Debtor asserts that the Lodge has been undergoing renovations/remodeling since 2015. The Lodge completed a soft reopening on July 1, 2021, and currently has 64 guest rooms available for reservations with the expectation that all rooms will be fully operational by October 2021.  The Debtor states that once renovations are complete, the Lodge will have 104 rooms, including 92 guest rooms and suites and 12 residential style units.  The Debtor states that the amenities offered at the Lodge include: walking and electric cart paths, on-site restaurant and bar, spa and fitness studio, swimming pool, horseback trail-riding with on-site stables and pasture, trout fishing stream and pond, hiking and mountain biking trails, arts studio, event lawn, group event space, boutique retail stores, and amphitheater for live performances and movie screenings.

Both Debtors estimate that the total value of its’ respective assets and liabilities is between $50,000,001 and $100 million. Debtors did not provide information about specific assets. Both Debtors did file the same list of twenty largest unsecured creditors showing unsecured claims totaling $1,586,939.99. Included in BL Santa Fe, LLC’s first day filing is a Declaration of the President of the Sole Member of the Debtors, in Support of Debtors’ First Day Motions (the “Declaration”). The Declaration provides more background on the Debtors, the Debtors’ liabilities, and what lead the Debtors to file for bankruptcy. In addition to the unsecured claims, Debtors’ liabilities include a $43,000,000.00 loan initially from Fortress Credit Co LLC, now held by DB Bishops Lodge LLC, which was the subject of litigation to appoint a receiver, in the First Judicial District Court, County of Santa Fe, DB Bishops Lodge, LLC v. BL Santa Fe, LLC, Case No. D-101-CV-01071.

Debtors provide that the reason for filing for bankruptcy largely stems from the mismanagement and continued delays of the Lodge’s renovations/remodeling. The Debtors sole source of income is the Lodge. Currently, Debtors report there is in excess of $3,000,000 in reservations for the remainder of 2021, with the potential for such amount to increase as additional rooms become available for reservations.

Hotel Group – Roanoke, Texas & Albuquerque, New Mexico

In re Newstream Hotels and Hospitality, LLC (Bankr. E.D. TX); Case No. 21-41213

In re Newstream Hotel Partners – ABQ, LP (Bankr. E.D. TX); Case No. 21-41212

  • Newstream Hotels and Hospitality, LLC (“Newstream”) filed for relief under Chapter 11 of the Bankruptcy Code in the Eastern District of Texas on August 30, 2021. Newstream Hotel Partners – ABQ, LP (“Newstream – ABQ), a subsidiary of Newstream Hotels and Hospitality, LLC also filed for relief under Chapter 11 of the Bankruptcy Code on August 30, 2021, in the Eastern District of Texas. Both Newstream and Newstream – ABQ list 311 South Oak Street, Suite 250, Roanoke, Texas 76262 as its principal place of business.  However, Newstream – ABQ discloses that its assets are primarily located in Albuquerque, New Mexico, where it operates a Surestay Plus Hotel by Best Western.  As of September 2, 2021, the bankruptcy proceedings for these debtors will be jointly administered.  Beyond having ownership interest in hotels, no other information is offered about Newstream’s business operations.  Newstream discloses that its assets are worth no more than $50,000, while it estimates its liabilities to be between $1,000,001 and $10 million. Newstream filed a Balance Sheet that lists total current assets valued at $20,334.89, total other assets, consisting primarily of investments, of $172,467.89, and total liabilities and equity of $172,467.89.  Newstream further discloses that its 20 largest unsecured creditors hold claims totaling $238,658.51. For the year of 2020, Newstream discloses net income of -$1,446.51.

As mentioned, Newstream – ABQ operates a Surestay Plus Hotel by Best Western in Albuquerque, New Mexico.  The hotel operated by Debtor includes wifi, fitness center, pool, elevators, laundromat, business center, computer, fax machine, photocopy machine, air conditioning, and ice/vending machines.  Debtor estimates that its assets and liabilities are both have estimated values between $1,000,001 and $10 million. Newstream – ABQ’s list of 20 largest unsecured creditors is the same as Newstream’s list totaling $238,658.51. Included in Newstream – ABQ’s filings is a Profit & Loss Statement for January through July 2021 that discloses a net income of -$47,105.48. For tax year 2019, Newstream – ABQ reported ordinary business income of -$286,139 No income information was provided for 2020. Although no reason for bankruptcy is provided by either entity, it can be assumed that Covid severely impacted all businesses in the hospitality industry.

Hotel Management – New Orleans, Louisiana

In re Mississippi River Hotel Management LLC (Bankr. S.D. MS); Case No. 21-01437-KMS

  • On September 2, 2021, Mississippi River Hotel Management LLC filed for relief under Chapter 11 of the Bankruptcy Code in the Southern District of Mississippi. Although Mississippi River Hotel Management LLC lists New Orleans, Louisiana, as its principal place of business, the location of its principal assets is 130 John R. Junkin Drive, Natchez, Mississippi. According to Google Maps, Hotel Vue is located at 130 John R. Junkin Drive.  The Hotel’s website provides that it is three stories with 90 guest rooms and 20 suites.  The Hotel includes free WiFi, an exercise room and outdoor pool and hot tub, business room, banquet and meeting rooms, laundry, and other typical hotel room amenities. Debtor estimates that its assets and liabilities are no more than $50,000, respectively. Included with Debtor’s Petition is the list of its 20 largest unsecured creditors. However, Debtor lists $0 for each of the creditors listed. No additional information regarding assets liabilities, or income was disclosed by Debtor. Neither does Debtor provide a reason for filing for bankruptcy.

Hotel Management – New Orleans, Louisiana

In re Natchez Hotel Management LLC (Bankr. S.D. MS); Case No. 21-01438-KMS

  • On September 2, 2021, Natchez Hotel Management LLC filed for relief under Chapter 11 of the Bankruptcy Code in the Southern District of Mississippi. Similar to Mississippi River Hotel Management LLC, Natchez Hotel Management LLC, lists New Orleans, Louisiana as its principal place of business, but discloses that its principal assets are located at 10 Grand Soleil Boulevard, Natchez, Mississippi. A Google search shows that a Super 8 by Wyndam operates at 10 Grand Soleil Boulevard, Natchez, Mississippi.  The hotel includes an outdoor pool and meeting rooms in addition to typical hotel amenities.  Debtor estimates that both its assets and liabilities have a total value of no more than $50,000.  Although Debtor provides a list of its largest unsecured creditors, no value is given to the claims held by the unsecured creditors.  No additional information is provided by Debtor for the value of assets or liabilities, income for the past three years, or the reason for filing for bankruptcy.

Lodging Group – Saline, Michigan

In re Saline Lodging Group, LLC (Bankr. E.D. MI); Case No. 21-47210-mlo

  • On September 6, 2021, Saline Lodging Group, LLC filed for relief under Chapter 11 of the Bankruptcy Code in the Eastern District of Michigan. The Saline Lodging Group, LLC appears to be responsible for building a Best Western Premiere hotel in Saline, Michigan, that was scheduled to be completed in 2018, but which has yet to be finished. Debtor estimates the value of its assets and liabilities to be $1,000,001 – $10 million.  The only other information disclosed by Debtor is that its largest unsecured creditors hold claims totaling $2,370,618.11.  Debtors unsecured creditor list includes two mortgages. Therefore, although Debtor does not disclose ownership of real property, it can be assumed that Debtor owns real property.

Hotel Fund – Raleigh, North Carolina

In re Zion Hotel Fund IV, LLC (Bankr. W.D. NC); Case No. 21-30503

On September 6, 2021, Zion Hotel Fund IV, LLC filed for relief under Chapter 11 of the Bankruptcy Code in the Western District of North Carolina. Zion Hotel Fund IV, LLC has its principal place of business in Raleigh, North Carolina, but states that it is filing in the Western District due to pending bankruptcies of its affiliates.  Namely, the pending bankruptcy of Aama Hotels, LLC, filed on April 29, 2021 (Case No. 21-30249) and the pending bankruptcy of Sri Vari CRE Development LLC, also filed on April 29, 2021 (Case No. 21-30250).  No additional information pertaining to Zion Hotel Fund IV, LLC’s business operations could be found. Debtor estimates that its assets and liabilities are both between $1,000,001 and $10 million and that there will be funds available for unsecured creditors. Debtor’s only disclosed assets are investments, consisting of and valued at by Debtor as follows: a 93.46% ownership interest in Iris Hotel Holding, LLC valued at $3,867,319.30 and an investment in the startup Mytonomy, Inc. valued at $25,000.  Debtor’s ownership interest in Iris Hotel Holding, LLC is currently the subject of a UCC sale.  Debtor’s only disclosed liabilities are unsecured claims totaling $4,400,000. Debtor also reported gross revenue of -$46,499.00 for 2019, -$7,939,384.00 for 2020, and -$25,228.00 for 2021 through the Petition date.

NOTICE AND DISCLAIMER

The information contained in this article represents redactions from pleadings filed in the relevant bankruptcy case, supplemented, from time-to-time with data from the internet. Gensburg Calandriello & Kanter, P.C. has not independently investigated, nor verified the accuracy of this information and, therefore, does not make any representation or warranty whatsoever, express or implied, as to the content, accuracy or completeness of any of information contained herein, including, but not limited to (i) the value of any assets referenced herein, (ii) whether such assets are free from liens and encumbrances, or (iii) the environmental condition of any real estate.  Therefore, while the information contained in this article is believed to be accurate, it should not be relied upon, and does not constitute legal or financial advice. Thus, parties reviewing or acting on this material must make an independent determination as to whether or not a particular course of action is generally appropriate.

Gensburg Calandriello & Kanter, P.C.

Lane Gensburg                                           E. Philip Groben

Anthony Calandriello                                   Alexis Clinebell

Gary Kanter                                                Michael Gutting

Matthew Gensburg                                     Anne Kim

Norman Berger                                          Sandra Mertens

Giselle Piraro                                             Kathryn Rinkus

This information is based upon publicly available information and is intended to provide a brief overview of each opportunity.

Gensburg Calandriello & Kanter, P.C. | Attorneys at Law | WWW.GCKLEGAL.COM