-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, QpBILjw+UqHPFnnYkZoE+K52Dq1+jT/Tgh1D0Nnlav9FJhXyXNkL9VG9cOs/MVWG 8N/Xl8HE0veG3gA5RqXoMw== 0000943440-97-000068.txt : 19971002 0000943440-97-000068.hdr.sgml : 19971002 ACCESSION NUMBER: 0000943440-97-000068 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19970913 ITEM INFORMATION: FILED AS OF DATE: 19971001 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: DIGITAL PRODUCTS CORP CENTRAL INDEX KEY: 0000028895 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS BUSINESS SERVICES [7380] IRS NUMBER: 591141879 STATE OF INCORPORATION: FL FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-09503 FILM NUMBER: 97689595 BUSINESS ADDRESS: STREET 1: 800 NW 33RD ST CITY: POMPANO BEACH STATE: FL ZIP: 33064 BUSINESS PHONE: 3057839600 MAIL ADDRESS: STREET 1: 800 N W 33 STREET CITY: POMANO BEACH STATE: FL ZIP: 33064 8-K 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K Commission File No.: 0-9503 Current Report September 13, 1997 (Date of Report - Date of Earliest Event Reported) DIGITAL PRODUCTS CORPORATION Florida 59-1141879 (State or other jurisdiction of (IRS Employer Incorporation or organization) Identification No) 1498 Northwest 3rd Street Deerfield Beach, Florida 33442 (Address of Principal Executive Offices) (954) 296-9600 (Registrant's Telephone Number) None (Former Name, Former Address and Former Fiscal Year, if changed since last report) ITEM 3. BANKRUPTCY OR RECEIVERSHIP On April 3, 1997, the Company filed a voluntary petition under Chapter 11 of the U.S. Bankruptcy Act in the U.S. District Court for the Southern District of Florida. Since that date, the Company has continued its day-to-day business under the protection of the Bankruptcy Court as Debtor-In-Possession. The following Monthly Financial Report for Business for the month of August was filed with the Bankruptcy Court on September 16, 1997. UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF FLORIDA MIAMI DIVISION IN RE: CASE NUMBER 97-21987BKC-RBR JUDGE RAYMOND B. RAY DEBTOR. CHAPTER 11 DEBTOR'S MONTHLY FINANCIAL REPORTS (BUSINESS) FOR THE PERIOD FROM 8/1/97 TO 8/31/97 Comes now the above-named debtor and files its Periodic Financial Reports in accordance with the Guidelines established by the United States Trustee and FRBP 2015. Robert Furr Attorney for Debtor Debtor's Address Attorney's Address And Phone Number: and Phone Number: 1498 NW 3rd Street 1499 W Palmetto Road Deerfield Beach, FL 33442 Boca Raton, FL 33486 954-246-9600 561-395-0500 Monthly Financial Report for Business For the Period Beginning: 8/1/97 and Ending: 8/31/97 Name of Debtor: Digital Products Corporation Case Number 97-21987 BKC RBR Date of Petition: 4/3/97
Current Cumulative Month Petition to Date 1. Cash at Beginning of Period $ 56,141.26 $ 60,846.09 2. Receipts: A. Cash Sales - - Less: Cash Refunds - - Net Cash Sales - - B. Collections on Post Petition A/R 109,252.64 510,915.60 C. Collections on Pre Petition A/R 12,027.98 358,853.14 D. Other Receipts 14,737.51 49,244.77 3. TOTAL RECEIPTS 136,018.13 919,013.51 4. TOTAL CASH AVAILABLE FOR OPERATIONS (Line 1 + Line 3) 192,159.39 979,859.60 5. DISBURSEMENTS A. U.S. Trustee Quarterly Fees - 3,750.00 B. Net Payroll 61,895.17 259,608.60 C. Payroll Taxes Paid 26,977.96 114,241.26 D. Sales and Use Taxes - - E. Other Taxes - - F. Rent 5,000.00 25,000.00 G. Other Leases 1,690.48 17,442.60 H. Telephone 12,092.14 97,481.19 I. Utilities - - J. Travel & Entertainment 7,139.12 38,503.57 K. Vehicle Expenses - - L. Office Supplies 996.07 6,142.52 M. Advertising 3,050.00 7,994.94 N. Insurance (Attachment 7) 7,032.43 60,252.40 O. Purchases of Fixed Assets 18,005.85 43,787.02 P. Purchases of Inventory 11,056.63 83,469.80 Q. Manufacturing Supplies - - R. Repairs and Maintenance 671.82 910.32 S. Payments to Secured Creditors - - T. Other Operating Expenses 30,758.01 215,481.67 (Attach List) 6. TOTAL CASH DISBURSEMENTS 186,365.68 974,065.89 7. ENDING CASH BALANCE (LINE 4 - LINE 6) $ 5,793.71 $ 5,793.71
I declare under penalty of perjury that this statement and the accompanying documents and reports are true and correct to the best of my knowledge and belief. This 13 day of September 1997. Monthly Financial Report for Business Period Beginning: 8/1/97 and Ending: 8/31/97 Name of Debtor: Digital Products Corporation Case Number: 97-21987-BKC-RBR Date of Petition: 4/3/97
OTHER RECEIPTS Current Cumulative Month to Date IL Unemployment Refund - 701.08 Employees Shipping - 22.25 AT&T Refund - 172.98 Various Misc Income - 837.38 Genesee County Payment in Error - 1,622.00 COD Supplies 480.00 1,981.37 EMS Cash Advance - 24,900.00 APT Refund deposit 10,000.00 10,000.00 Various Tax refunds 257.51 257.51 State of Utah Receipt in error - 4,750.20 Nasdaq Refund 4,000.00 4,000.00 $ 14,737.51 $ 49,244.77
OTHER OPERATING EXPENSES Current Cumulative Month to Date Tax Account Bank Charge Service Charges 14.76 115.16 Barnett Bank Bank Charge Wire Transfer Fees - 75.00 Operating Acc Bank Charge Service Charges 75.00 367.71 Payroll Acct Bank Charges Service Charges 13.12 90.68 Kinko's Copies for Tracking - 654.67 Postage Next Day Mailing - 56.75 Subcontractors Installers 1,913.00 14,924.28 Corporate License Fees - 330.00 Computer Programmer 6,254.23 21,025.48 Subcontractors Labor 4,905.32 17,428.26 Freight 699.51 27,554.36 Transfer Agent/ Other 476.97 21,512.91 Patent Renewals - 10,375.00 Refund (ck Rec in Error) - 6,362.20 Advance Pymt Repayment - 24,900.00 Various Medical Claims - 1,835.88 Subcontractors Computer Supplies - 498.18 S. Kapila Interim CFO - 10,469.05 L. Martin Commission - 1,000.00 T. Snellings Commission 2,500.00 2,500.00 Corporate Systems Network Support 3,180.00 3,180.00 Various Move Expense 5,076.10 5,076.10 Cash Facilitators Advance 5,650.00 5,650.00 Various Deposits - 39,500.00 Total $30,758.01 $215,481.67
ATTACHMENT 1 MONTHLY ACCOUNTS RECEIVABLE AGING AND RECONCILIATION Name of Debtor: Digital Products Corporation Case Number: 97-21987 BKC RBR Reporting Period Beginning: 8/1/97 and Ending: 8/31/97 ACCOUNTS RECEIVABLE AT PETITION DATE: $534,314.00 ACCOUNTS RECEIVABLE RECONCILIATION (Includes all accounts receivable, pre-petition and post-petition, including charge card sales, which have not been received): Beginning of Month Balance $ 316,511.80 Plus: Current Month New Billings 471,741.50 Less: Collections during the Month 121,280.62 End of Month Balance $ 666,972.68 Aging: (Show the total amount for each age group of accounts Incurred since filing the petition) 0-30 days 31-60 days 61-90 days Over 90 Total Days $409,861.62 67,400.00 14,250.00 $491,511.62 ATTACHMENT 2 MONTHLY ACCOUNTS PAYABLE AND SECURED PAYMENTS REPORT Name of Debtor: Digital Products Corporation Case # 97-21987 BKC-RBR Reporting Period Beginning 8/1/97 and Ending 8/31/97 In the space below list all invoices or bills incurred and not paid since the filing of the petition. Do not include amounts owed prior to the filing of the petition.
Date Days Incurred Outstanding Vendor Description Amount 24-Apr-97 Millward & Co. Audit 150.00 dispute 30-Aug-97 2 United Parcel Service 364-32 3,808.22 31-Aug-97 1 American Design Co. Contract Labor 5,193.22 31-Aug-97 1 Albani Laporte Installer (subcontractor) 339.09 31-Aug-97 1 Frank Garner Installer (subcontractor) 295.00 31-Aug-97 1 LCI Long distance 30,500.00 $40,285.53
ACCOUNTS PAYABLE RECONCILIATION (Post Petition Only): Opening Balance (total from prior report) $ 23,121.87 Plus: New Indebtedness Incurred This Month 29,635.53 Less: Amount Paid on Prior Accounts Payable 12,471.87 End of Month Balance $ 40,285.53 Secured: List the status of Payments to Secured Creditors and Lessors (Post Petition Only)
Number Total of Post Amount of Secured Date Petition Post Petition Creditor/ Payment Payment Payments Payments Lessor Due Amount Delinquent Delinquent None
ATTACHMENT 3 Name of Debtor: Digital Products Corporation Case # 97-21987 BKC-RBR Report Period Beginning 8/1/97 and Ending 8/31/97 INVENTORY REPORT INVENTORY BALANCE AT PETITION DATE: $148,780.63 INVENTORY RECONCILIATION: Inventory Balance at Beginning of Month $ 4,221.03 Inventory Purchased during Month 10,977.40 Inventory Used or Sold 8,682.34 Inventory on Hand at End of Month $ 6,516.09 METHOD OF COSTING INVENTORY: Inventory is stated at lower of cost or market using first-in, first-out method in determining cost, and replacement cost or net realizable value in determining market. FIXED ASSETS FAIR MARKET VALUE AT PETITION DATE: $ 716,000 (Includes Property, Plant and Equipment) BRIEF DESCRIPTION (First Report Only): FIXED ASSETS RECONCILIATION: Fixed Assets Book Value at Beginning of Month $892,296.84 Less: Depreciation Expense 34,963.00 Plus: New Purchases 18,005.85 Ending Monthly Balance $875,339.69 BRIEF DESCRIPTION OF FIXED ASSETS PURCHASED OR DISPOSED OF DURING THE REPORTING PERIOD: Computer Equip. for Monitoring $ 6,000.00 Accounting Software 12,005.85 ATTACHMENT 4 MONTHLY BANK RECONCILIATIONS DEBTOR: Digital Products Corporation Case # 97 21987 BKC-RBR Report Period Beginning: 8/1/97 Ending: 8/31/97 BANK: Comerica Bank & Trust BRANCH: Boca Raton ACCT NAME: Digital Products Corporation ACCT NUMBER: 1811006533 PURPOSE OF ACCOUNT: Operating Account Beginning Balance $ 36,066.23 Total of Deposits Made 136,018.13 Total Amount of Checks/Wires 97,389.67 Service Charges 75.00 Transfers to Other Accounts 70,890.81 Closing Balance $ 3,728.88 Number of First Check Written This Period 1309 Number of Last Check Written This Period 1372 Total Number of Checks Written This Period 61 Total Number of Wire Transfers 5 Voided Checks This Period 3 Total 69 BANK: Comerica Bank & Trust BRANCH: Boca Raton ACCT NAME: Digital Products Corporation ACCT NUMBER: 1811006541 PURPOSE OF ACCOUNT: Payroll Account Beginning Balance $ 13,843.35 Total of Deposits Made 49,365.55 Transfers in Total Amount of Checks Written 61,620.82 Service Charges Payroll Depot 274.35 Service Charges 13.12 Transfers to Other Accounts 0.00 Closing Balance $ 1,300.61 Number of First Check Written This Period 314 Number of Last Check Written This Period 403 Total Number of Checks Written This Period 90 Plus Manual Checks 0 Total 90 Plus Direct Deposits 35 Items Total 125 Items ATTACHMENT 4 MONTHLY BANK RECONCILIATION DEBTOR: Digital Products Corporation Case # 97 21987 BKC-RBR Report Period Beginning: 8/1/97 Ending: 8/31/97 BANK: Comerica Bank & Trust BRANCH: Boca Raton ACCT NAME: Digital Products Corporation ACCT NUMBER: 1811006558 PURPOSE OF ACCOUNT: Tax Account Beginning Balance $ 6,231.68 Total of Deposits Made 21,525.26 Transfers in Total Amount of Checks Written 26,977.96 Transfers out Service Charges 14.76 Transfers to Other Accounts 0.00 Closing Balance $ 764.22 ATTACHMENT 5 CHECK REGISTER DEBTOR: Digital Products Corporation Case # 97-21987 BKC-RBR Report Period Beginning: 8/1/97 And Ending: 8/31/97 NAME OF BANK: Comerica Bank & Trust ACCOUNT NAME: Digital Products Corporation ACCOUNT #: 1811006533 PURPOSE OF ACCOUNT: Operating Account
Date Check# Payee Purpose Amount 8/4/97 1309 Competatech Accounting Software $ 12,005.85 8/1/97 1310 Corporate Systems Grp Network consulting 1,000.00 8/1/97 1311 Lawrence Martin Reimburse Expenses 210.59 8/4/97 1312 American Design Contract labor 1,145.50 8/4/97 1313 Merrill Lynch Stockholder mailing 86.97 8/4/97 1314 Bryan Brown Reimburse expenses 190.10 8/4/97 1315 KBS, Inc. Rent 5,000.00 1316 Voided - 8/4/97 1317 AFCO Insurance 5,911.39 8/4/97 1318 Nora Technical Sol. Freight 28.49 8/4/97 1319 Judy Sundberg Freight 14.50 8/4/97 wire Cash Facilitators Grp Expense advance 2,500.00 8/5/97 1320 Victor Flores Computer programming 1,500.00 8/5/97 1321 FedEx Freight 47.75 8/6/97 1322 Office Depot Supplies 58.18 8/11/97 1323 Office Depot Supplies 55.62 8/11/97 1324 Ikon Repairs 174.90 8/12/97 1325 Don Rokusek Reimburse expenses 13.51 8/12/97 1326 US West Telephone 1,718.61 8/12/97 1327 Richard Angulo Reimburse expenses 1,229.89 8/12/97 wire Travis Snellings Commission advance 2,500.00 8/14/97 1328 Liberty Court Travel Travel 1,459.50 8/15/97 1329 American Design Contract labor 1,145.50 8/15/97 1330 Riscorp of Florida Workcomp 1,098.88 8/8/97 1331 Richard Angulo Reimburse expenses 1,022.36 8/8/97 1332 A-1 Lock,Door & Glass Lock repair 496.92 8/8/97 1333 Victor Flores Computer programming 1,500.00 8/6/97 1334 Synergy Communications Website design 1,200.00 8/15/97 1335 Lawrence Martin Reimburse expenses 694.00 8/15/97 1336 Lawrence Martin Reimburse expenses 252.00 8/13/97 1337 Nora Technical Sols. Computer consulting 769.23 8/15/97 1338 Riscorp VA Workcomp 22.16 8/15/97 1339 Telogy Equipment rent 131.44 8/15/97 1340 Nora Technical Sols. Computer consulting 325.00 8/15/97 1341 Victor Flores Computer programming 1,500.00 8/15/97 1342 Pitney Bowes Credit Equipment rent 407.04 8/15/97 wire Cash Facilitators Grp Expense advance 1,200.00 8/15/97 1343 Electronic Filings, Inc. Edgar filings 390.00 8/15/97 1344 Dan Farley Installer 725.00 8/15/97 1345 Dale English Installer 240.00 8/15/97 1346 Albani Laporte Installer 718.00
ATTACHMENT 5 CHECK REGISTER DEBTOR: Digital Products Corporation Case # 97-21987 BKC-RBR Report Period Beginning: 8/1/97 And Ending: 8/31/97 NAME OF BANK: Comerica Bank & Trust ACCOUNT NAME: Digital Products Corporation ACCOUNT #: 1811006533 PURPOSE OF ACCOUNT: Operating Account
Date Check# Payee Purpose Amount 8/15/97 1347 Frank Garner Installer $ 230.00 8/15/97 1348 US Postal Service Postage 96.00 8/16/97 1349 Judy Sundberg Reimburse expenses 82.30 1350 Voided 8/19/97 1351 Lawrence Martin Reimburse expenses 580.37 8/20/97 1352 Industrial Assembly Straps 2,770.00 1353 Voided 8/22/97 1354 Lawrence Martin Reimburse expenses 972.00 8/19/97 1355 Annie Angulo Reimburse expenses 304.75 8/19/97 1356 Richard Angulo Reimburse expenses 453.98 8/19/97 1357 Mike Luther Reimburse expenses 300.00 8/20/97 1358 Penny Woods Reimburse expenses 102.21 8/21/97 1359 LCI, International Telephone 10,000.00 8/25/97 1360 Corporate Systems Grp Computer equip. & cons 8,180.00 8/25/97 wire KBS, Inc. Transformers 5,120.00 8/25/97 1361 Bryan Brown Reimburse expenses 390.36 8/25/97 1362 Industrial Assembly Straps 2,770.00 8/25/97 1363 Triple S Transportation Move Expenses 900.00 8/26/97 1364 Dadan Packaging Boxes 317.40 8/26/97 1365 Richard Angulo Reimburse expenses 860.78 8/26/97 1366 Nora Technical Sols. Computer consulting 660.00 8/26/97 1367 American Design Contract labor 2,614.32 8/26/97 1368 Self Storage, Inc. Storage 1,152.00 8/27/97 1369 Liberty Court Travel Travel 4,002.00 8/27/97 1370 Jamie Gerdes Advertising 600.00 8/27/97 1371 Christopher Horn Advertising 1,250.00 8/27/97 wire Cash Facilitators Grp Expense advance 1,950.00 8/28/97 1372 Penny Woods Mileage 42.32 97,389.67
ATTACHMENT 5 CHECK REGISTER DEBTOR: Digital Product Corporation Case #: 97-21987 BKC-RBR Report Period Beginning: 8/1/97 and Ending: 8/31/97 NAME OF BANK: Comerica Bank & Trust ACCOUNT NAME: Digital Products ACCOUNT #: 1811005541 PURPOSE OF ACCOUNT: Payroll Account
Date Check# Payee Purpose Amount 8/1/97 314-332+7 direct dep Employees Payroll $ 12,474.24 8/8/97 333-350+7 direct dep Employees Payroll 12,472.30 8/15/97 351-368+7 direct dep Employees Payroll 12,251.50 8/22/97 369-386+7 direct dep Employees Payroll 12,634.93 8/29/97 387-403+7 direct dep Employees Payroll 11,787.85 Sub Total Payroll Depot 61,620.82 August Payroll Depot Serv. Chg. 274.35 Grand Total $ 61,895.17
ATTACHMENT 5 CHECK REGISTER DEBTOR: Digital Products Corporation Case # 97-21987 BKC - RBR Report Period Beginning: 8/1/97 and Ending: 8/31/97 NAME OF BANK: Comerica Bank & Trust ACCOUNT NAME: Digital Products Corporation ACCOUNT #: 1811006558 PURPOSE OF ACCOUNT: Tax Account
Date Check # Payee Purpose Amount 8/1/97 transfer Payroll Depot payroll taxes $ 5,452.70 8/8/97 transfer Payroll Depot payroll taxes 5,476.52 8/15/97 transfer Payroll Depot payroll taxes 5,394.94 8/22/97 transfer Payroll Depot payroll taxes 5,519.94 8/29/97 transfer Payroll Depot payroll taxes 5,133.86 $ 26,977.96
ATTACHMENT 6a Monthly Tax Report DEBTOR: Digital Products Corporation Case # 97-21987 BKC - RBR Reporting Period Beginning: 8/1/97 and Ending: 8/31/97 TAXES PAID and ACCRUED DURING MONTH
Date Bank Description Amount 8/1/97 Comerica Bank FED WH $ 2,425.72 FICA 2,050.91 MEDICARE 479.66 FUTA 19.17 IN WH 62.77 MI WH 25.38 NE WH 243.58 VA WH 28.18 FL SUTA 43.40 MI SUTA 18.17 NE SUTA 55.76 $ 5,452.70 8/8/97 Comerica Bank FED WH $ 2,457.97 FICA 2,054.91 MEDICARE 480.60 FUTA 17.45 IN WH 62.77 MI WH 25.38 NE W 243.58 VA WH 28.18 FL SUTA 31.75 MI SUTA 18.17 NE SUTA 55.76 $ 5,476.52 8/15/97 Comerica Bank FED WH $ 2,474.02 FICA 2,024.07 MEDICARE 473.36 FUTA 15.38 IN WH 62.77 NE WH 243.58 VA WH 28.18 FL SUTA 17.82 NE SUTA 55.76 $ 5,394.94
ATTACHMENT 6a Monthly Tax Report DEBTOR: Digital Products Corporation Case # 97-21987 BKC - RBR Reporting Period Beginning: 8/1/97 and Ending: 8/31/97 TAXES PAID and ACCRUED DURING MONTH
Date Bank Description Amount 8/22/97 Comerica Bank FED WH $ 2,539.32 FICA 2,083.95 MEDICARE 487.34 FUTA 12.01 IN WH 62.77 MI WH 6.13 NE WH 235.11 VA WH 28.18 FL SUTA 17.71 MI SUTA 6.36 NE SUTA 41.06 $ 5,519.94 8/29/97 Comerica Bank FED WH $ 2,302.25 FICA 1,934.09 MEDICARE 452.35 FUTA 10.11 IN WH 62.77 NE WH 209.86 VA WH 28.18 FL SUTA 18.58 NE SUTA 115.67 $ 5,133.86 TOTAL $26,977.96
ATTACHMENT 6b DEBTOR: Digital Products Corporation Case # 97-21987 BKC - RBR Report Period Beginning: 8/1/97 and Ending: 8/31/97 TAXES OWED AND DUE Report all unpaid post-petition taxes including Federal & State withholding, FICA, state sales tax, property tax, unemployment taxes and State WC. Date last tax returns filed 7/27/97. Period: 2nd Quarter returns
Name of Taxing Date Payment Description Amount Authority Due Fed Taxes 08/06/97 Fed WH/Fica/Medicare $ 4,956.92 Pd Fed Taxes 08/13/97 Fed WH/Fica/Medicare 4,993.48 Pd Fed Taxes 08/20/97 Fed WH/Fica/Medicare 4,971.45 Pd Fed Taxes 08/27/97 Fed WH/Fica/Medicare 5,110.61 Pd Fed Taxes 09/03/97 Fed WH/Fica/Medicare 4,688.69 FUTA 10/31/97 Fed unemployment tax 240.84 IN WH 10/31/97 IN WH 564.93 MI WH 10/31/97 MI WH 158.41 NE WH 10/31/97 NE WH 2,034.57 VA WH 10/31/97 VA WH 253.62 FL SUTA 10/31/97 FL unemployment 394.89 IN SUTA 10/31/97 IN unemployment 189.00 MI SUTA 10/31/97 MI unemployment 115.38 NE SUTA 10/31/97 NE unemployment 556.10
ATTACHMENT 7 SUMMARY OF PERSONNEL & INSURANCE COVERAGES Name of Debtor: Digital Products Corporation Case # 97-21987 BKC - RBR Report Period Beginning: 8/1/97 and Ending 8/31/97 Report all compensation received during the month. Do not include reimbursement for expenses incurred for which you have receipts. Name of Officer: Title Amount Paid Travel Adv. Richard Angulo Pres/COO $ 9,230.75 Michael Luther CEO/Chairman 5,769.25 Bryan Brown CFO/Secy 7,692.30
PERSONNEL REPORT Full Time Part Time Number of employees at beginning of period 22 3 Number hired during the period Number converted to full time 1 1 Number terminated during the period 2 - Number of employees on payroll at end of period 21 2
CONFIRMATION OF INSURANCE List all policies of insurance in effect, including but not limited to workers' compensation, liability, fire, theft, comprehensive, vehicle, health & life.
Carrier Agent & Phone # Policy # Coverage Expiration Date Type Date Premium Due Riscorp of FL Alexander & Alex 12924 WC 4/1/98 9/2/97 305-279-7870 VA Riscorp Dade Underwriters 40076 WC 3/1/98 9/2/97 954-462-1304 Reliance Stand. Mahoney & Asso. LTD097814 LTD 8/1/97 9/2/97 Life Insurance 954-763-7971 Poe & Brown Mahoney & Asso. 901 Health 9/30/97 9/2/97 Benefits 954-793-7971 Gotham Ins. Seitlin Ins. MM014842LP296 Comp Gen'l 6/1/98 9/1/97 305-591-0090 Liability Nat'l Union Seitlin Ins. BE932 21 38 Umbrella 6/1/98 9/1/97 Fire Ins. Co. 305-591-0090 Liability of Pitt. Pacific Ins. Co. Seitlin Ins. ZG0008872 Property 5/1/98 9/1/97 305-591-0090 Fidelity & Dep. Seitlin Ins. TBA Crime 5/1/98 9/1/97 305-591-0090
ATTACHMENT 8 SIGNIFICANT DEVELOPMENTS DURING REPORTING PERIOD The Company filed its Plan of Reorganization and Disclosure Statement on June 16, 1997. -----END PRIVACY-ENHANCED MESSAGE-----