TCREUR_Public/080616.mbx         T R O U B L E D   C O M P A N Y   R E P O R T E R

                           E U R O P E

             Monday, June 16, 2008, Vol. 9, No. 118

                            Headlines


A U S T R I A

ABO ASPHALT: Claims Registration Period Ends August 27
DEMIC KEG: Claims Registration Period Ends August 27
E & G MASCHINENPUTZ: Claims Registration Period Ends May 21
H & V AUTOZUBEHOER: Claims Registration Period Ends June 23


D E N M A R K

EASTMAN KODAK: Exceeds Business Goals at Drupa Debut


F R A N C E

HERCULES INC: Paper Unit Ups Prices in North Am Effective Today


G E R M A N Y

AGRARISCHE VERMOEGENSVERWALTUNGS: Claims Filing Set June 30
BAKER BOYS: Claims Registration Ends July 3
BISANTECH-NUOVA GMBH: Claims Registration Ends July 3
COOPER-STANDARD: S&P Holds Ratings but Revises Outlook to Stable
DOCUSAFE GMBH: Claims Registration Period Ends June 30

DRILLTHERM GESELLSCHAFT: Claims Registration Ends July 2
FORD MOTOR: Europe Vehicle Sales Up 2.3% to 828,300
FTZW VERWALTUNGS: Claims Registration Period Ends July 2
GEHRKE BAU: Claims Registration Period Ends July 1
GERT FRAGNER: Creditors Must File Claims by July 4

H.N.I.S. GMBH: Creditors Must File Claims by July 4
HANS BEZOLD: Claims Registration Period Ends June 30
INTERNATIONAL HEAD: Creditors Must File Claims by July 4
J.S. GLOBE: Creditors Must File Claims by July 4
KOMMUNALE ENERGIEDIENSTLEISTUNGSGESELLSCHAFT: Claims Due July 4

MANDOLINO VERTRIEBS: Creditors Must File Claims by July 4
NIEHAUS & SCHUETTKEN: Claims Registration Period Ends July 1
PIN MAIL MITTE: Claims Registration Period Ends June 30
PROARZT SERVICE: Claims Registration Period Ends June 30
SPIELHAGEN GMBH: Claims Registration Period Ends July 1

TECHNISCHE AUS: Claims Registration Ends July 2
TK CENTRAL-KUECHEN: Claims Registration Period Ends July 1
TRAPPE & SCHELL: Claims Registration Period Ends July 1


I R E L A N D

STOCKERYALE INC: Stephen Abby Appointed as SOF Managing Director


K A Z A K H S T A N

ATLANT LLP: Creditors Must File Claims by July 18
BAYER CONSTRUCTION: Claims Deadline Slated for July 22
DI COM: Claims Filing Period Ends July 18
FERMER-SHIN LLP: Creditors' Claims Due on July 23
TECH COM: Claims Registration Ends July 22

VOSTOK SERVICE XXI: Creditors Must File Claims by July 22


K Y R G Y Z S T A N

GT ENERGY-OSH: Creditors Must File Claims by July 11


R U S S I A

AZANOVSKIY OJSC: Creditors Must File Claims by July 24
EURO-FACADE LLC: Creditors Must File Claims by June 24
ITAL-BASH-CERAMICS: Court Starts Bankruptcy Supervision Process
LUCHEZARNOE OJSC: Creditors Must File Claims by June 24
MORSKOY LOV: Creditors Must File Claims by July 24

NOVOOSKOLSKAYA SEED-GROWING: Court Starts Bankruptcy Supervision
OIL-STROY-SERVICE: Creditors Must File Claims by July 24
ROS-MASH-TRADE: Court Names N. Ignatyev as Insolvency Manager
SAMUR CJSC: Creditors Must File Claims by June 24
SIBIRIT-1 CJSC: Creditors Must File Claims by July 24

STROY-DOM LLC: Creditors Must File Claims by June 24
TYUSHEVSKIY SPIRIT: Asset Sale Slated for July 2
TRETYAKOVSKIY AGRO-SERVICE: Claims Filing Period Ends June 24
VOSKHOD LLC: Creditors Must File Claims by June 24
VYAZEMSKIY DOCK: Court Names V. Boldin as Insolvency Manager


S P A I N

PYME VALENCIA 1: Fitch Puts Negative Outlook on 14 Notes Classes


S W I T Z E R L A N D

ADVISA ZURICH: Creditors' Proofs of Claim Due on June 20
BODYANDHEALTH LLC: Undergoing Liquidation in Sins
BUSINESS EXCELLENCE: Undergoing Liquidation in Sevelen
EREMITAGE IMMOBILIEN: Undergoing Liquidation in Chur
GREAT BEAR: Creditors' Proofs of Claim Due on June 19

HEDISA CONSULT: Proofs of Claim Filing Deadline Set for June 19
INVEST FORTUNE: Creditors Must Submit Proofs of Claim by June 22
LANDWIRT & ERNTE: March Court Commences Bankruptcy Proceedings
LOWEN IMMOBILIEN: Creditors' Liquidation Claims due June 19
MANAGEMENT- BILDUNGSZENTRUM: Undergoing Liquidation in Uznach

MEDIASOUND LLC: Undergoing Liquidation in Thun
NIGHTLIGHT STUDIOS: Proofs of Claim Filing Deadline is June 19
PAUL GLATT: Under Liquidation in Fullinsdorf
PONNOVATION JSC: Creditors Must File Proofs of Claim by June 21
PREPIX LLC: Undergoing Liquidation in Basel

SPECIALIZED TECHNOLOGY: S&P Revises Outlook to Positive
TENNISAKADEMIE LLC: Creditors' Liquidation Claims due June 19
TRADE HOUSE: Undergoing Liquidation in Zug
TSL HALBLEITER: Zug Court Commences Bankruptcy Proceedings
UBS AG: U.S. Government Seeks Swiss Help in Investigation

VIVA SECURA: Hochdorf Court Commences Bankruptcy Proceedings
VRT SWISS: Aargau Court Commences Bankruptcy Proceedings


U K R A I N E

AIRLINE TRANSAVIA: Creditors Must File Claims by June 27
CHERNUSHOVYCHI AGRICULTURAL: Creditors' Claims Due June 27
DUBNO MOVABLE: Creditors Must File Claims by June 27
HERCULES LLC: Creditors Must File Claims by June 27
LEASING-TRADING HOUSE: Creditors Must File Claims by June 27

LEON LLC: Creditors Must File Claims by June 27
MAGISTR LLC: Creditors Must File Claims by June 27
PROLISOK OJSC: Creditors Must File Claims by June 27
RIVNE AGRICULTURAL: Creditors Must File Claims by June 27
UKR AGRO: Creditors Must File Claims by June 27

WEST-GROUP LLC: Creditors Must File Claims by June 27


U N I T E D   K I N G D O M

A.J.M. TECHMARK: Taps Joint Administrators from Menzies
AAA MORTGAGE: Brings In Liquidators from Tenon Recovery
AUBURN SECURITIES: S&P Removes Ratings on Notes from CreditWatch
BOURNE END: Calls In Liquidators from Grant Thornton
BRIDGES MOTOR: Tough Trading Conditions Result in Administration

BRITISH ENERGY: EDF Could Hike Bid if Board Accepts Offer
CLEAR CHANNEL: Shareholders' Special Meeting Set for July 24
CLEAR CHANNEL: Extends Offer Expiration Date to June 27
DANKA BUSINESS: DCML LLC Opposes Proposed Liquidation
DIOMED HOLDINGS: VNUS Mulls Filing of Patent Infringement Claim

DIOMED HOLDINGS: Massachusetts Court Approves AngioDynamics Deal
EOS AIRLINES: Delta Opposes Plan to Auction Equipment & Leases
EOS AIRLINES: Files Schedules of Assets and Liabilities
EOS AIRLINES: Creditors Have Until July 28 to File Claims
FEDDERS CORP: Files Chapter 11 Plan & Disclosure Statement

FEDDERS CORP: Disclosure Statement Hearing Set for July 8
FEDDERS CORP: Incurs US$5.73 Million Net Loss in March 2008
FORD MOTOR: Eyes More Employee Buyouts/Overtime Cutbacks in U.S.
GENERAL MOTORS: Western Europe Operations Under Pressure
GENERAL MOTORS: Discloses New Appointments to Streamline Ops

HOWARTH & JEPSON: M. C. Bowker Leads Liquidation Procedure
HUMBERTS GROUP: Administrator Sells Offices to Mercantile Group
LYNDALE FOODS: Goes Into Administration; Closes Stores
MK AIRLINES: Names Administrators from BKL Business Recovery
RIOT CLUB: Taps Liquidators from Tenon Recovery

TODD'S ESTATE: Claims Filing Period Ends July 4
YOUNGSTERS LTD: Creditors' Meeting Slated for June 27


* BOND PRICING: For the Week June 9 to June 13, 2008


                            *********


=============
A U S T R I A
=============


ABO ASPHALT: Claims Registration Period Ends August 27
------------------------------------------------------
Creditors owed money by LLC ABO Asphalt u. Beton (FN 139207t)
have until Aug. 27, 2008, to file written proofs of claim to
court-appointed estate administrator Thomas Deschka at:

          Dr. Thomas Deschka
          c/o Dr. Robert Klein
          Spiegelgasse 10
          1010 Wien
          Austria
          Tel: 01/513 99 39
          Fax: 01/513 99 39 30
          E-mail: deschka@lawcenter.at  

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 10:30 a.m. on Sept. 10, 2008, for the
examination of claims.

The meeting of creditors will be held at:

          The Land Court of Korneuburg
          Room 204
          Second Floor
          Korneuburg
          Austria

Headquartered in Gross-Enzersdorf, Austria, the Debtor declared
bankruptcy on May 21, 2008 (Bankr. Case No. 36 S 61/08z).  
Robert Klein represents Dr. Deschka in the bankruptcy
proceedings.


DEMIC KEG: Claims Registration Period Ends August 27
----------------------------------------------------
Creditors owed money by KEG Demic (FN 232104f) have until
Aug. 27, 2008, to file written proofs of claim to court-
appointed estate administrator Werner Borns at:

          Dr. Werner Borns  
          Dr.-Wilhelm-Exner-Platz 6
          2230 Ganserndorf
          Austria
          Tel: 02282/60 802
          Fax: 02282/60 824
          E-mail: insolvenzen@lawpartners.at    

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 10:00 a.m. on Sept. 10, 2008, for the
examination of claims.

The meeting of creditors will be held at:

          The Land Court of Korneuburg
          Room 204
          Second Floor
          Korneuburg
          Austria

Headquartered in Weikendorf, Austria, the Debtor declared
bankruptcy on May 21, 2008 (Bankr. Case No. 36 S 60/08b).  


E & G MASCHINENPUTZ: Claims Registration Period Ends May 21
-----------------------------------------------------------
Creditors owed money by LLC E & G Maschinenputz (FN 220026v)
have until June 23, 2008, to file written proofs of claim to
court-appointed estate administrator Felix Fuchs at:

          Mag. Felix Fuchs
          Neuer Platz 5/I
          9020 Klagenfurt
          Austria
          Tel: 0463/57 8 66
          Fax: 0463/57866-6
          E-mail: rechtsanwaelte@sommerfuchs.at  

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 11:30 a.m. on June 30, 2008, for the
examination of claims.

The meeting of creditors will be held at:

          The Land Court of Klagenfurt
          Room 225
          Second Floor
          Klagenfurt
          Austria

Headquartered in Feldkirchen, Austria, the Debtor declared
bankruptcy on May 21, 2008 (Bankr. Case No. 41 S 56/08w).  


H & V AUTOZUBEHOER: Claims Registration Period Ends June 23
-----------------------------------------------------------
Creditors owed money by LLC H & V Autozubehoer (FN 229824b) have
until June 23, 2008, to file written proofs of claim to court-
appointed estate administrator Klaus Mitzner at:

          Dr. Klaus Mitzner
          Hans-Gasser-Platz 3/II
          9500 Villach
          Austria
          Tel: 04242/21223
          Fax: 04242/21223-33
          E-mail: mitzner.krautzer@utanet.at    

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 11:00 a.m. on June 30, 2008, for the
examination of claims.

The meeting of creditors will be held at:

          The Land Court of Klagenfurt
          Meeting Room 225
          Klagenfurt
          Austria

Headquartered in Villach, Austria, the Debtor declared
bankruptcy on May 21, 2008 (Bankr. Case No. 41 S 57/08t).  


=============
D E N M A R K
=============


EASTMAN KODAK: Exceeds Business Goals at Drupa Debut
----------------------------------------------------
Eastman Kodak Company said that it exceeded its aggressive
business goals at its debut at drupa, the world’s largest
graphic communications trade show.

As the two-week run of drupa 2008 closed on JUne 11, 2008,
Kodak’s Graphic Communications Group concluded a hugely
successful event, taking hundreds of orders, conducting
thousands of demonstrations, and logging in excess of 10,000
qualified leads.

“At the outset of drupa, I said Kodak would change print
forever, and the traffic in our booth suggests that message
resonated in the industry,” said Antonio M. Perez, Chairman and
Chief Executive Officer.  “If this is remembered as the inkjet
drupa, then Kodak will be at the heart of it with our unique and
innovative Stream Inkjet Technology, which delivers offset class
output and which we demonstrated to packed audiences throughout
the show.  Customer enthusiasm validated our message that print
solutions must provide reliability, productivity, the right cost
of ownership, substrate variety and image quality.”

Hundreds of thousands of customers and visitors flocked to
Kodak’s stand during the show to see the company’s unmatched
portfolio of conventional and digital printing solutions.

“drupa is a truly global event, and this was reflected with huge
numbers of visitors from every region of the world who crowded
our stand to see our integrated offerings,” said Kevin Joyce,
Chief Marketing Officer, Kodak’s Graphic Communications Group,
and Vice President, Eastman Kodak Company.  “Customers and
visitors told us that our stand was one of the busiest and well
thought out at the show.

“Our strategy of placing workflow at the hub and showing
conventional and digital solutions within this blended
production environment resonated with visitors, who were eager
to see our 25 new product introductions,” Joyce said.  “We
showed how customers can expand their capabilities and profits.  
With our technology also featured in over two thirds of the
halls, we have thousands of sales leads taken at the show
filling the funnel.  Without exception, every region, segment
and product line exceeded our expectations, with activity and
sales in Asia Pacific particularly high.”

In addition to Kodak’s Stream Inkjet Technology, other key
highlights on the stand which attracted huge attention and
significant sales were the new KODAK NEXPRESS S3600 Digital
Production Color Press; the KODAK FLEXCEL NX Digital
Flexographic System; KODAK ELECTRA XD Thermal Plate; KODAK
MAGNUS 800Z QUANTUM Platesetter; KODAK COLORFLOW Software and
KODAK PRINERGY Workflow System Version 5.0.

“drupa 2008 showcased the power of print and the role that print
plays in successful communications,” Perez said.  “Our dynamic
industry requires a variety of technologies to satisfy the needs
of today’s multimedia world. Kodak demonstrated the broadest
portfolio of innovative solutions to help customers grow their
printing and marketing services businesses.”

                       About Eastman Kodak

Headquartered in Rochester, New York, Eastman Kodak Co. (NYSE:
EK)-- http://www.kodak.com/-- develops, manufactures, and
markets digital and traditional imaging products, services, and
solutions to consumers, businesses, the graphic communications
market, the entertainment industry, professionals, healthcare
providers, and other customers.

The company has operations in Argentina, Chile, Denmark, Greece,
Jordan, Yemen, Australia, China among others.

                         *     *     *

As reported in the Troubled Company Reporter-Europe on April 24,
2008, Standard & Poor's Ratings Services revised its outlook on
Eastman Kodak Co. to stable from negative.  At the same time,
S&P affirmed the ratings, including the 'B+' corporate credit
rating.  S&P  credit analyst Tulip Lim explained that "[t]he
outlook change reflects [S&P's] opinion that a near-term
downgrade is unlikely."


===========
F R A N C E
===========


HERCULES INC: Paper Unit Ups Prices in North Am Effective Today
---------------------------------------------------------------
Effective today, June 16, 2008, the Paper Technologies and
Ventures group of Hercules Incorporated will initiate price
increases in North America of up to 30% on all products with
particular focus on functional chemistries such as sizing, wet
strength, and retention/drainage aids.

Chet Cross, Director and General Manager - Americas, Hercules
Paper Technologies and Ventures stated, "The pace and level of
price increases for most raw materials, in particular those
linked to oil, natural gas and agricultural commodities, have
been unprecedented.  We have seen many raw materials increase
over 100% since last year.  Recent high profile announcements by
several major chemical commodity producers to immediately
increase prices by up to 25% only compound the situation.  We
also have concerns about the availability for several key raw
materials.  We continue to leverage our global position in all
commodity areas and continue to focus on our cost control and
productivity initiatives."

                     About Hercules Inc

Wilmington, Delaware-based Hercules Inc. -- http://www.herc.com   
-- (NYSE:HPC) manufactures and markets chemical specialties
globally for making a variety of products for home, office and
industrial markets.

Outside the United States, the company has subsidiaries in
Argentina, Bahamas, Belgium, Brazil, Hong Kong, India, Indonesia
and France.

                        *     *     *

As reported in the Troubled Company Reporter-Europe on April 10,
2008, Standard & Poor's Ratings Services raised its ratings on
Hercules Inc., including the corporate credit rating to 'BB+'
from 'BB'.  The outlook is stable.


=============
G E R M A N Y
=============


AGRARISCHE VERMOEGENSVERWALTUNGS: Claims Filing Set June 30
-----------------------------------------------------------
Creditors of Agrarische Vermoegensverwaltungs,- Handels- und
Beteiligungsgesellschaft mbH Ditfurt have until June 30, 2008,
to register their claims with court-appointed insolvency manager
Uwe Miehe.

Creditors and other interested parties are encouraged to attend
the meeting at 9:20 a.m. on July 21, 2008, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Magdeburg
         Hall D
         Insolvency Department
         Liebknechtstrasse 65-91
         39110 Magdeburg
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Uwe Miehe
         Koenigstrasse 17
         39116 Magdeburg
         Germany
         Tel: 0391/5971240
         Fax: 0391/5971241

The District Court of Magdeburg opened bankruptcy proceedings
against Agrarische Vermoegensverwaltungs,- Handels- und
Beteiligungsgesellschaft mbH Ditfurt on May 27, 2008.  
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Agrarische Vermoegensverwaltungs,- Handels- und
         Beteiligungsgesellschaft mbH Ditfurt
         Wegelebener Weg 6
         06484 Ditfurt
         Germany


BAKER BOYS: Claims Registration Ends July 3
-------------------------------------------
Creditors of Baker Boys GmbH have until July 3, 2008 to register
their claims with court-appointed insolvency manager Dr. Biner
Bahr.

Creditors and other interested parties are encouraged to attend
the meeting at 10:00 a.m. on July 24, 2008, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Duesseldorf
         Meeting Hall A 341
         Third Floor
         Muehlenstrasse 34
         40213 Duesseldorf
         Germany     
         
The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Dr. Biner Bahr
         Graf-Adolf-Platz 15
         40213 Duesseldorf
         Germany

The District Court of Duesseldorf opened bankruptcy proceedings
against Baker Boys GmbH on June 1, 2008.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         Baker Boys GmbH
         Attn: Robert Kirmaier, Manager
         Carl-Langhans-Strasse 4
         40789 Monheim
         Germany


BISANTECH-NUOVA GMBH: Claims Registration Ends July 3
-----------------------------------------------------
Creditors of BISANTECH-NUOVA GmbH & Co. KG have until July 3,
2008 to register their claims with court-appointed insolvency
manager Dr. Nikolaus Schmidt.

Creditors and other interested parties are encouraged to attend
the meeting at 11:10 a.m. on July 23, 2008, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Dessau
         Hall 121
         Willy-Lohmann-Str. 33
         Dessau
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Dr. Nikolaus Schmidt
         Magdeburger Strasse 23
         06112 Halle
         Germany
         Tel: 0345/2311111
         Fax: 0345/2311199
                   
The District Court of Dessau opened bankruptcy proceedings
against BISANTECH-NUOVA GmbH & Co. KG on June 2, 2008.  
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         BISANTECH-NUOVA GmbH & Co. KG
         Attn: Stefan Kerk, Manager
         ChemiePark-Strasse 9
         06749 Bitterfeld
         Germany


COOPER-STANDARD: S&P Holds Ratings but Revises Outlook to Stable
----------------------------------------------------------------
Standard & Poor's Ratings Services revised its outlook on
Cooper-Standard Automotive Inc. to stable from positive and
affirmed the 'B' long-term corporate credit rating
and all debt issue ratings.

"The outlook change reflects our view that industry challenges
in North America, including recently announced production cuts
from Ford and General Motors, will limit improvement in Cooper-
Standard's earnings and cash flow expansion in the year ahead,"
said Standard & Poor's credit analyst Nancy Messer.  Most of the
effect from recent production cuts will be seen only from the
second quarter on in 2008.  Thus, S&P no longers expect the
company's credit measures to improve sufficiently in 2008 and
into 2009 to warrant a potential upgrade.  However, S&P does
expect the company's financial performance and resulting credit
measures to remain adequate for the existing rating.

Novi, Mich.-based Cooper-Standard has meaningful dependence on
sales of light vehicles produced by the Michigan-based
automakers, although the company's geographic and customer
diversity has improved in the past two years.  Also hurting
Cooper-Standard's financial performance in 2008 is the weak
sales trend for light trucks and SUVs in North America because
the company's revenues are heavily weighted toward these
platforms.

The ratings reflect Cooper-Standard's high leverage and the
risks of persistent weak near-term automotive production
volumes.  Cooper-Standard makes fluid-handling systems, body and
chassis sealing systems, and vibration-control components and
systems for the global light-vehicle market.

The company had total balance sheet debt of US$1.2 billion at
March 31, 2008.  Privately held Cooper-Standard is owned by
unrated GS Capital Partners 2000 and The Cypress Group LLC.

Headquartered in Novi, Mich., Cooper-Standard Automotive Inc. --
http://www.cooperstandard.com/-- is a global automotive  
supplier specializing in the manufacture and marketing of
systems and components for the automotive industry.  Products
include body sealing systems, fluid handling systems, and NVH
control systems.  Cooper-Standard Automotive Inc. employs
approximately 19,000 people globally with more than 70
facilities throughout the world.

The company's international headquarters is located in Mannheim,
Germany.  The company has manufacturing facilities in Mexico,
Korea, India, China, Japan and Australia, among others.


DOCUSAFE GMBH: Claims Registration Period Ends June 30
------------------------------------------------------
Creditors of DocuSafe GmbH have until June 30, 2008, to register
their claims with court-appointed insolvency manager Goerge
Scheid.

Creditors and other interested parties are encouraged to attend
the meeting at 11:00 a.m. on Aug. 11, 2008, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Gera
         Hall 317
         Rudolf-Diener-Str. 1
         Gera
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Goerge Scheid
         Rudolf-Diener-Str. 9
         07545 Gera
         Germany

The District Court of Gera opened bankruptcy proceedings against
DocuSafe GmbH on May 28, 2008.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be reached at:

         DocuSafe GmbH
         Gewerbepark-Kepplerstr. 26
         07549 Gera
         Germany


DRILLTHERM GESELLSCHAFT: Claims Registration Ends July 2
--------------------------------------------------------
Creditors of DRILLTHERM Gesellschaft fuer Erdwarmeanlagen,
Brunnenbau und Bohrungen mbH have until July 2, 2008 to register
their claims with court-appointed insolvency manager Dr. Thomas
Christmann.

Claims will be verified 1:45 p.m. on July 30, 2008 at:

         The District Court of Saarbruecken
         Meeting Hall 24
         Second Floor
         Vopeliusstrasse 2
         66280 Sulzbach
         Germany

Creditors may constitute a creditors' committee or opt to
appoint a new insolvency manager.

The insolvency manager can be reached at:

         Dr. Thomas Christmann
         Graf-Johann-Strasse 8
         66121 Saarbruecken
         Germany
         Tel: 0681/301 404 69
         Fax: 0681/635 321

The District Court of Saarbruecken opened bankruptcy proceedings
against  DRILLTHERM Gesellschaft fuer Erdwarmeanlagen,
Brunnenbau und Bohrungen mbH on May 6, 2008.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         DRILLTHERM Gesellschaft fuer Erdwarmeanlagen,
         Brunnenbau und Bohrungen mbH
         Attn: Thomas Neu, Manager
         Fenner Strasse 58-60
         66127 Saarbruecken
         Germany


FORD MOTOR: Europe Vehicle Sales Up 2.3% to 828,300
---------------------------------------------------
Ford of Europe's business momentum continued through May despite
the challenging economic environment.  Year-to-date sales in the
company's 51 markets have risen by 18,400, to 828,300 vehicles –
an increase of 2.3% cent compared with the same period last
year.

"Our sales improvement in the first five months of the year
reflects the growing appeal of our exciting and stylish range of
vehicles," said Ingvar Sviggum, vice president, Marketing, Sales
& Service, Ford of Europe. "And with our new models making an
increasing impact, we are confident that we will continue to
progress and sell more vehicles this year than we did in 2007,
despite the challenging conditions in many markets."

Ford sales in the traditional Euro 19 countries in May were
132,200 giving a market share of 8.7%, equal to last year.

The Euro 19 markets are: Austria, Belgium, Britain, Czech
Republic, Denmark, Finland, France, Germany, Greece, Hungary,
Ireland, Italy, Netherlands, Norway, Poland, Portugal, Spain,
Sweden and Switzerland.

When sales in Russia, Turkey and the 30 Ford European Direct
Markets are added, Ford of Europe's sales in May totalled
165,500.  Ford's success in Russia continues with sales rising
by more than 36.6% to 18,600 vehicles in May.

The new Focus again was Ford of Europe's top-selling model in
May (35,100) across the Euro 19 markets, followed by the Fiesta
(25,300).  The Fiesta was the best-selling imported car in
France and in Italy.  May sales of the new Mondeo in the Euro 19
markets increased further to 15,300.

May was also another record month for the Transit commercial
vehicle range in our traditional Euro 19 markets, with 15,700
vehicles sold.

In the UK, Spain and Turkey Ford maintained its total vehicle
market leadership on a year-to-date basis, in the UK and Turkey
also in the month of May.

"We are seeing lower consumer confidence in some of our
established markets because of the continued rise in fuel prices
and overall economic uncertainty, but that is countered by
buoyant economies in other regions, notably in Russia," added
Sviggum.  "Here, industry sales are up 362,000 year-to-date and
Ford is in a very strong position to grow sales thanks to our
modern St. Petersburg plant, where we will increase capacity
from September on."

In the first five months of this year, Ford of Europe sold
683,100 vehicles in the Euro 19 markets, giving a market share
of 8.7%.  Sales in Russia, Turkey and Ford's European Direct
Markets added a further 145,200 units, taking the total to
828,300.

Ford's European Direct Markets are: Albania, Algeria, Andorra,
Armenia, Azerbaijan, Belarus, Bosnia, Bulgaria, Croatia, Cyprus,
Egypt, Georgia, Gibraltar, Kazakhstan, Kyrgyzstan, Libya,
Macedonia, Malta, Moldova, Montenegro, Morocco, Romania, Serbia,
Slovakia, Slovenia, Tajikistan, Turkmenistan, Tunisia, Ukraine,
Uzbekistan.

                        About Ford Motor

Headquartered in Dearborn, Michigan, Ford Motor Co. (NYSE: F)
-- http://www.ford.com/-- manufactures or distributes
automobiles in 200 markets across six continents.  With about
260,000 employees and about 100 plants worldwide, the company's
core and affiliated automotive brands include Ford, Jaguar, Land
Rover, Lincoln, Mercury, Volvo, Aston Martin, and Mazda.  The
company provides financial services through Ford Motor Credit
Company.

The company has operations in Japan in the Asia Pacific region.
In Europe, the company maintains a presence in Sweden, and the
United Kingdom.  The company also distributes its brands in
various Latin American regions, including Argentina and Brazil.

                         *     *     *

As reported in the Troubled Company Reporter-Europe on May 8,
2008, Fitch said that Ford currently has an Issuer Default
Rating of 'B' with a Negative Outlook.  Fitch added that the
rating is expected to remain on negative outlook until a clearer
path toward positive cash flow is established.  Given progress
on its restructuring program and its product profile, Ford may
achieve this during 2008, Fitch related.


FTZW VERWALTUNGS: Claims Registration Period Ends July 2
--------------------------------------------------------
Creditors of FTZW Verwaltungs GmbH have until July 2, 2008, to
register their claims with court-appointed insolvency manager
Stefan Hahn.

Creditors and other interested parties are encouraged to attend
the meeting at 9:40 a.m. on July 29, 2008, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Wuppertal
         Meeting Room A234
         Second Floor
         Isle 2
         42103 Wuppertal
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Stefan Hahn
         Morianstrasse 45
         42103 Wuppertal
         Germany
         Tel: 0202/283310
         Fax: 0202/2833175

The District Court of Wuppertal opened bankruptcy proceedings
against FTZW Verwaltungs GmbH on June 2, 2008.  Consequently,
all pending proceedings against the company have been
automatically stayed.

The Debtor can be reached at:

         FTZW Verwaltungs GmbH
         Attn: Guenter Klinge, Manager
         Uellendahler Str.478
         42109 Wuppertal
         Germany


GEHRKE BAU: Claims Registration Period Ends July 1
--------------------------------------------------
Creditors of Gehrke Bau GmbH have until July 1, 2008, to
register their claims with court-appointed insolvency manager
Manfred Becker.

Creditors and other interested parties are encouraged to attend
the meeting at 10:10 a.m. on Aug. 5, 2008, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Frankfurt (Oder)
         Hall 401
         Muellroser Chaussee 55
         15236 Frankfurt (Oder)
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Manfred Becker
         Genthiner Strasse 48
         10785 Berlin
         Germany

The District Court of Frankfurt (Oder) opened bankruptcy
proceedings against Gehrke Bau GmbH on May 8, 2008.  
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Gehrke Bau GmbH
         Theodor-Fontane-Strasse 11
         16321 Bernau
         Germany


GERT FRAGNER: Creditors Must File Claims by July 4
--------------------------------------------------
Creditors of Gert Fragner GmbH have until July 4, 2008, to
register their claims with court-appointed insolvency manager
Helmut Eisner.

Creditors and other interested parties are encouraged to attend
the meeting at 1:15 p.m. on Aug. 27, 2008, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Ansbach
         Meeting Room 3
         Promenade 8
         91522 Ansbach
         Germany
         
The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Helmut Eisner
         Josef-Schmitt-Str. 10
         97922 Lauda-Koenigshofen
         Germany

The District Court of Ansbach opened bankruptcy proceedings
against Gert Fragner GmbH on May 30, 2008.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         Gert Fragner GmbH
         Schuetzenstr. 3
         91625 Unterampfrach
         Germany


H.N.I.S. GMBH: Creditors Must File Claims by July 4
---------------------------------------------------
Creditors of H.N.I.S. GmbH have until July 4, 2008, to register
their claims with court-appointed insolvency manager Stefan
Conrads.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on July 23, 2008, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Wuppertal
         Meeting Hall A234
         Second Floor
         Eiland 2
         42103 Wuppertal
         Germany
         
The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Stefan Conrads
         Mankhauser Str. 7a
         42699 Solingen
         Germany

The District Court of Wuppertal opened bankruptcy proceedings
against H.N.I.S. GmbH on April 30, 2008.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         H.N.I.S. GmbH
         Wupperstrasse 97
         42651 Solingen
         Germany

         Attn: Udo Jacobs, Manager
         Cacilienstrasse 10
         42655 Solingen
         Germany


HANS BEZOLD: Claims Registration Period Ends June 30
----------------------------------------------------
Creditors of Hans Bezold Gebaudereinigungs GmbH have until
June 30, 2008, to register their claims with court-appointed
insolvency manager Thomas Steger.

Creditors and other interested parties are encouraged to attend
the meeting at 9:05 a.m. on Aug. 6, 2008, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Bonn
         Hall S 2.22
         Second Stock
         William-Strasse 21
         53111 Bonn
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

          Thomas Steger
          Koelnstrasse 135
          53757 Sankt Augustin
          Germany

The District Court of Bonn opened bankruptcy proceedings against
Hans Bezold Gebaudereinigungs GmbH on March 18, 2008.  
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Hans Bezold Gebaudereinigungs GmbH
         Bunsenstr. 5
         53121 Bonn
         Germany


INTERNATIONAL HEAD: Creditors Must File Claims by July 4
--------------------------------------------------------
Creditors of International Head Hunters Executive Search/HR
Consulting GmbH have until July 4, 2008, to register their
claims with court-appointed insolvency manager Andreas Krompass.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on Aug. 4, 2008, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Munich
         Meeting Hall 102
         Infanteriestr. 5
         80097 Munich
         Germany
         
The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Andreas Krompass
         Theatinerstr. 32
         80333 Munich
         Germany

The District Court of Munich opened bankruptcy proceedings
against International Head Hunters Executive Search/HR
Consulting GmbH on March 10, 2008.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be reached at:

         International Head Hunters Executive Search/
         HR Consulting GmbH
         Raterstr. 24
         85551 Kirchheim
         Germany


J.S. GLOBE: Creditors Must File Claims by July 4
------------------------------------------------
Creditors of J.S. Globe & Consulting GmbH have until
July 4, 2008, to register their claims with court-appointed
insolvency manager Christian Sellerbeck.

Creditors and other interested parties are encouraged to attend
the meeting at 2:00 p.m. on Aug. 8, 2008, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Konstanz
         Hall 102
         First Floor
         Gerichtstrasse 9
         78462 Konstanz
         Germany
         
The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Christian Sellerbeck
         Carl-Benz-Str. 5
         88696 Owingen
         Germany

The District Court of Konstanz opened bankruptcy proceedings
against J.S. Globe & Consulting GmbH on May 23, 2008.  
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         J.S. Globe & Consulting GmbH
         Hauptstr. 33/Riedheimerstr. 3
         88677 Markdorf
         Germany


KOMMUNALE ENERGIEDIENSTLEISTUNGSGESELLSCHAFT: Claims Due July 4
---------------------------------------------------------------
Creditors of Kommunale Energiedienstleistungsgesellschaft
Lausitz mbH have until July 4, 2008, to register their claims
with court-appointed insolvency manager Sebastian Laboga.

Creditors and other interested parties are encouraged to attend
the meeting at 11:00 a.m. on July 28, 2008, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Cottbus
         Hall 210
         First Floor
         Gerichtsplatz 2
         03046 Cottbus
         Germany
         
The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Sebastian Laboga
         Einemstrasse 24
         10785 Berlin
         Germany

The District Court of Cottbus opened bankruptcy proceedings
against Kommunale Energiedienstleistungsgesellschaft Lausitz mbH
on May 30, 2008.  Consequently, all pending proceedings against
the company have been automatically stayed.

The Debtor can be reached at:

         Kommunale Energiedienstleistungsgesellschaft
         Lausitz mbH
         Triebeler Strasse 131
         03149 Forst
         Germany


MANDOLINO VERTRIEBS: Creditors Must File Claims by July 4
---------------------------------------------------------
Creditors of Mandolino Vertriebs GmbH have until July 4, 2008,
to register their claims with court-appointed insolvency manager
Bernd Gerber.

Creditors and other interested parties are encouraged to attend
the meeting at 12:55 p.m. on July 30, 2008, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Hof
         Meeting Hall 012
         Ground Floor
         Berliner Platz 1
         95030 Hof
         Germany
         
The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Bernd Gerber
         Lindenstr. 5
         08523 Plauen
         Germany

The District Court of Hof opened bankruptcy proceedings against
Mandolino Vertriebs GmbH on May 6, 2008.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         Mandolino Vertriebs GmbH
         Schiessgraben 2
         95028 Hof
         Germany


NIEHAUS & SCHUETTKEN: Claims Registration Period Ends July 1
------------------------------------------------------------
Creditors of Niehaus & Schuettken GmbH have until July 1, 2008,
to register their claims with court-appointed insolvency manager
Norbert Kruse.

Creditors and other interested parties are encouraged to attend
the meeting at 10:00 a.m. on July 22, 2008, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court Muenster
         Meeting Hall 101 B
         Gerichtsstr. 2-6
         48149 Muenster
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Norbert Kruse
         Bonhoefferstr. 10
         48282 Emsdetten
         Germany
         Tel: 02572/875-0
         Fax: +49257287533

The District Court of Muenster opened bankruptcy proceedings
against Niehaus & Schuettken GmbH on May 1, 2008.  Consequently,
all pending proceedings against the company have been
automatically stayed.

The Debtor can be reached at:

         Niehaus & Schuettken GmbH
         Huegestrasse 1
         49497 Mettingen
         Germany

         Attn: Michael Schuettken, Manager
         Bischofstrasse 57
         49497 Mettingen
         Germany


PIN MAIL MITTE: Claims Registration Period Ends June 30
-------------------------------------------------------
Creditors of PIN Mail Mitte GmbH have until June 30, 2008, to
register their claims with court-appointed insolvency manager
Dr. Andreas Ringstmeier.

Creditors and other interested parties are encouraged to attend
the meeting at 11:00 a.m. on July 18, 2008, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Cologne
         Meeting Hall 142
         First Floor
         Luxemburger Strasse 101
         50939 Cologne
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Dr. Andreas Ringstmeier
         Magnusstr. 13
         50672 Cologne
         Germany

The District Court of Cologne opened bankruptcy proceedings
against PIN Mail Mitte GmbH on May 15, 2008.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         PIN Mail Mitte GmbH
         Lilienstr. 19
         30179 Hannover
         Germany


PROARZT SERVICE: Claims Registration Period Ends June 30
--------------------------------------------------------
Creditors of ProArzt Service GmbH have until June 30, 2008, to
register their claims with court-appointed insolvency manager
Dr. Sebastian Braun.

Creditors and other interested parties are encouraged to attend
the meeting at 3:00 p.m. on July 23, 2008, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Noerdlingen
         Meeting Hall F/I
         Kaisheimer House
         Tandelmarkt 5
         Noerdlingen
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Dr. Sebastian Braun
         Buergermeister-Reiger-Str. 16
         86720 Noerdlingen
         Germany
         Tel: 09081/2763276
         Fax: 09081/2763277

The District Court of Noerdlingen opened bankruptcy proceedings
against ProArzt Service GmbH on May 26, 2008.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         ProArzt Service GmbH
         Schlosstr. 16
         86732 Oettingen
         Germany


SPIELHAGEN GMBH: Claims Registration Period Ends July 1
-------------------------------------------------------
Creditors of Spielhagen GmbH have until July 1, 2008, to
register their claims with court-appointed insolvency manager
Ingo Thurm.

Creditors and other interested parties are encouraged to attend
the meeting at 2:45 p.m. on July 30, 2008, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Hannover
         Hall 226
         Second Upper Floor
         Service Bldg.
         Hamburger Allee 26
         30161 Hannover
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Ingo Thurm
         Aegidientorplatz 2 B
         30159 Hannover
         Germany
         Tel: 0511 475577-47
         Fax: 0511 475577-99

The District Court of Hannover opened bankruptcy proceedings
against Spielhagen GmbH on April 23, 2008.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         Spielhagen GmbH
         Bachstr. 2
         30167 Hannover
         Germany

         Attn: Marcel Wolf, Manager
         Woehlerstr. 14
         30163 Hannover
         Germany


TECHNISCHE AUS: Claims Registration Ends July 2
-----------------------------------------------
Creditors of Technische Aus- und Weiterbildungsgesellschaft mbH
have until July 2, 2008 to register their claims with court-
appointed insolvency manager Udo Mueller.

Creditors and other interested parties are encouraged to attend
the meeting at 10:50 a.m. on July 30, 2008, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Magdeburg
         Hall 13
         Breiter Weg 203-206
         39104 Magdeburg
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Udo Mueller
         Editharing 31
         39108 Magdeburg
         Germany
         Tel: 0391/5066030
         Fax: 0391/5066033
         E-mail: magdeburg@insoteam.de  
         
The District Court of Magdeburg opened bankruptcy proceedings
against Technische Aus- und Weiterbildungsgesellschaft mbH on
May 30, 2008.  Consequently, all pending proceedings against the
company have been automatically stayed.

The Debtor can be reached at:

         Technische Aus- und Weiterbildungsgesellschaft mbH
         Giesserweg 3
         38855 Wernigerode
         Germany

         Attn: Ralf Voigt, Manager
         Bahnhofstr. 322
         38836 Dardesheim
         Germany


TK CENTRAL-KUECHEN: Claims Registration Period Ends July 1
----------------------------------------------------------
Creditors of TK Central-Kuechen GmbH have until July 1, 2008, to
register their claims with court-appointed insolvency manager
Dirk-Henning Toennesmann.

Creditors and other interested parties are encouraged to attend
the meeting at 9:30 a.m. on Aug. 1, 2008, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Bonn
         Hall S 2.18
         William-Strasse 23
         53111 Bonn
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Dirk-Henning Toennesmann
         Josef-Ruhr-Str. 30
         53879 Euskirchen
         Germany

The District Court of Bonn opened bankruptcy proceedings against
TK Central-Kuechen GmbH on May 15, 2008.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         TK Central-Kuechen GmbH
         Attn: Suat Turgut, Manager
         Danewerkstrasse 4
         44145 Dortmund
         Germany


TRAPPE & SCHELL: Claims Registration Period Ends July 1
-------------------------------------------------------
Creditors of Trappe & Schell Bauunternehmung GmbH have until
July 1, 2008, to register their claims with court-appointed
insolvency manager Markus Wehler.

Creditors and other interested parties are encouraged to attend
the meeting at 9:10 a.m. on Aug. 1, 2008, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Bonn
         Hall S 2.22
         William-Strasse 23
         53111 Bonn
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Markus Wehler
         Wilhelmstr. 40-42
         53111 Bonn
         Germany

The District Court of Bonn opened bankruptcy proceedings against
Trappe & Schell Bauunternehmung GmbH on May 7, 2008.  
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Trappe & Schell Bauunternehmung GmbH
         Unterstrasse 103
         53859 Niederkassel
         Germany

         Attn: Walter Trappe, Manager
         Gronaustrasse 19
         53844 Troisdorf
         Germany


=============
I R E L A N D
=============


STOCKERYALE INC: Stephen Abby Appointed as SOF Managing Director
----------------------------------------------------------------
StockerYale, Inc. disclosed the appointment of Stephen L. Abbey
as Managing Director of its Specialty Optical Fiber business
unit.

The appointment, effective June 8, 2008, reflects StockerYale’s
commitment to supporting the rapid development of SOF
initiatives for key medical, industrial and defense verticals.


Mr. Abbey will report directly to StockerYale’s Chief Operating
Officer, Tim Losik.

“With over 34 years of sales and marketing experience, including
10 years at JDS Uniphase Corporation’s specialty fiber business
unit and SDL, Inc.’s specialty fiber group, Steve is uniquely
equipped to lead the SOF business to capitalize on key
opportunities and accelerate growth,” stated Mark W. Blodgett,
Chairman and CEO.  “His strong management experience in
technology, sales and marketing will be central to the unit’s
ability to leverage its position as the sole remaining
independent specialty optical fiber manufacturer.  I am pleased
to welcome such a highly seasoned and accomplished executive and
believe his contributions will greatly assist StockerYale in
achieving its long term growth goals.”

Mr. Abbey was most recently Principal of Hickory Associates, an
executive management consulting and coaching firm, where he
developed and implemented processes to achieve business
objectives for companies across disparate industries.  Prior to
this, he was a Director and General Manager of JDS Uniphase
Corporation’s Specialty Fiber unit from 2001 through 2003. Mr.
Abbey was Director of SDL, Inc.’s Specialty Fiber Group, a
manufacturer of active optical components and integrated
modules, from 1999 to 2001 when it was acquired by JDS Uniphase
Corporation.  From 1998 to 1999, Mr. Abbey was Vice President
and General Manager at Polaroid Corporation’s fiber laser
business.  Mr. Abbey holds a Bachelors of Science degree in
Interdisciplinary Engineering and Management from Clarkson
University.

“Given StockerYale’s substantial investment in the fiber
business, coupled with the assembly of a world class team of
engineers and technicians, I am confident that we can
significantly increase the growth of the specialty optical fiber
business unit,” said Steve Abbey, Managing Director.

Headquartered in Salem, New Hampshire, StockerYale, Inc.
(NASDAQ: STKR) -- http://www.stockeryale.com/-- is an   
independent designer and manufacturer of structured light
lasers, LED modules, and specialty optical fibers for industry
leading OEMs.  In addition, the company manufactures fluorescent
lighting products and phase masks.  The company serves a wide
range of markets including the machine vision, industrial
inspection, defense, telecommunication, sensors, and medical
markets.  StockerYale has offices and subsidiaries in the U.S.,
Canada, and Europe.  The company's Europe subsidiaries are
located in England and Ireland.

                    Going Concern Doubt

Vitale, Caturano & Company, Ltd. raised substantial doubt about
the ability of StockerYale, Inc. to continue as a going concern
after auditing the company's consolidated financial statements
for the years ended Dec. 31, 2007, and 2006.  The auditing firm
pointed to the company's recurring losses from operations and
significant financial obligations.


===================
K A Z A K H S T A N
===================


ATLANT LLP: Creditors Must File Claims by July 18
-------------------------------------------------  
The Specialized Inter-Regional Economic Court of East has
declared LLP Atlant insolvent on April 21, 2008.

Creditors have until July 18, 2008, to submit written proofs of
claims to:

         The Specialized Inter-Regional
         Economic Court of East Kazakhstan
         Auezov Str. 60-59
         Ust-Kamenogorsk
         East Kazakhstan
         Kazakhstan
         Tel: 8 (7232) 55-22-10


BAYER CONSTRUCTION: Claims Deadline Slated for July 22
------------------------------------------------------  
LLP Bayer Construction has declared insolvency.  Creditors have
until July 22, 2008, to submit written proofs of claims to:

         LLP Bayer Construction
         Ovrajnaya Str. 45a
         Kaskelen
         Karasaisky
         Almaty
         Kazakhstan


DI COM: Claims Filing Period Ends July 18
-----------------------------------------  
The Specialized Inter-Regional Economic Court of East Kazakhstan
has declared LLP Di Com insolvent on April 15, 2008.

Creditors have until July 18, 2008, to submit written proofs of
claims to:

         The Specialized Inter-Regional
         Economic Court of East Kazakhstan
         Auezov Str. 60-59
         Ust-Kamenogorsk
         East Kazakhstan
         Kazakhstan
         Tel: 8 (7232) 55-22-10


FERMER-SHIN LLP: Creditors' Claims Due on July 23
-------------------------------------------------  
The Specialized Inter-Regional Economic Court of Almaty has
declared LLP Fermer-Shin insolvent April 9, 2008.

Creditors have until July 23, 2008, to submit written proofs of
claims to:

         The Specialized Inter-Regional
         Economic Court of Almaty
         Tereshkov Str. 10
         Otenai
         Taldykorgan
         Almaty
         Kazakhstan
         Tel: 8 (7282) 22-90-39
              7 701 362 50-46


TECH COM: Claims Registration Ends July 22
------------------------------------------  
The Specialized Inter-Regional Economic Court of Akmola has
declared LLP Tech Com Service insolvent.

Creditors have until July 22, 2008, to submit written proofs of
claims to:

         The Specialized Inter-Regional
         Economic Court of Akmola
         Room 208
         Auelbekov Str. 139a
         Kokshetau
         Akmola
         Kazakhstan
         Tel: 8 (7162) 40-17-08


VOSTOK SERVICE XXI: Creditors Must File Claims by July 22
---------------------------------------------------------  
The Specialized Inter-Regional Economic Court of Karaganda has
declared LLP Vostok Service XXI insolvent.

Creditors have until July 22, 2008, to submit written proofs of
claims to:

         The Specialized Inter-Regional
         Economic Court of Karaganda
         Jambyl Str. 9
         Karaganda
         Kazakhstan


===================
K Y R G Y Z S T A N
===================


GT ENERGY-OSH: Creditors Must File Claims by July 11
----------------------------------------------------
LLC GT Energy-Osh has declared insolvency.  Creditors have until
July 11, 2008 to submit written proofs of claim to:

         LLC GT Energy-Osh
         Orozbekov Str. 43
         Osh
         Kyrgyzstan
         Tel: (0-773) 25-63-99


===========
R U S S I A
===========


AZANOVSKIY OJSC: Creditors Must File Claims by July 24
------------------------------------------------------
Creditors of OJSC Breeding Factory Azanovskiy (TIN 1207007660,
OGRN 1041201409996) have until July 24, 2008, to submit proofs
of claim to:

         S. Dyuzhilov
         Insolvency Manager
         Tsentralnaya Str. 4
         Azanovo
         Medvedevskiy
         425225 Mariy El republic
         Russia

The Arbitration Court of Mariy El commenced bankruptcy
proceedings against the company after finding it insolvent.  The
case is docketed under Case No. A8-5016/2007-11-129 (11/03-08).

The Court is located at:

         The Arbitration Court of Mariy El
         Lenina Pr. 40
         Yoshkar Ola
         424000 Mariy El
         Russia

The Debtor can be reached at:

         OJSC Breeding Factory Azanovskiy
         Tsentralnaya Str. 4
         Azanovo
         Medvedevskiy
         425225 Mariy El
         Russia


EURO-FACADE LLC: Creditors Must File Claims by June 24
------------------------------------------------------
Creditors of LLC Euro-Facade have until June 24, 2008, to submit
proofs of claim to:

         E. Demicheva
         Insolvency Manager
         Novorossiyskaya Str. 102
         Krasnodar
         Russia

The Arbitration Court of Krasnodar commenced bankruptcy
proceedings against the company after finding it insolvent.  The
case is docketed under Case No. A32-10172/07-37/297-B.

The Court is located at:

         The Arbitration Court of Krasnodar
         Krasnaya Str. 6
         Krasnodar
         Russia

The Debtor can be reached at:

         LLC Euro-Facade
         Novorossiyskaya Str. 102
         Krasnodar
         Russia


ITAL-BASH-CERAMICS: Court Starts Bankruptcy Supervision Process
---------------------------------------------------------------
The Arbitration Court of Bashkortostan commenced bankruptcy
supervision procedure on LLC Ital-Bash-Ceramics.  The case is
docketed under Case No. A07-9420/2007-G-SVI.

The Temporary Insolvency Manager is:

         V. Makarov
         Post User Box 325
         630501 Novosibirsk
         Krasnoobsk
         Russia
         Tel: 217-42-03

The Court is located at:

         The Arbitration Court of Bashkortostan
         Oktyabrskoy Revolyutsii Str. 63a
         Ufa
         Bashkortostan
         Russia

The Debtor can be reached at:

         LLC Ital-Bash-Ceramics
         Kuvykina Str. 63
         Oktyabrskiy
         452620 Bashkortostan
         Russia


LUCHEZARNOE OJSC: Creditors Must File Claims by June 24
-------------------------------------------------------
Creditors of OJSC Luchezarnoe have until Jun 24, 2008, to submit
proofs of claim to:

         V. Makarov
         Temporary Insolvency Manager
         Post User Box 325
         Krasnoobsk
         630501 Novosibirsk
         Russia
         Tel: 217-42-03

The Arbitration Court of Novosibirsk will convene at 10:30 a.m.
on Sept. 17, 2008, to hear the company's bankruptcy supervision
procedure.  The case is docketed under Case No. A45-5665/
08-43/10.

The Court is located at:

         The Arbitration Court of Novosibirsk
         Kirova Str. 3
         630007 Novosibirsk
         Russia

The Debtor can be reached at:

         OJSC Luchezarnoe
         Burmistrovo
         Iskitimskiy
         Novosibirsk
         Russia


MORSKOY LOV: Creditors Must File Claims by July 24
--------------------------------------------------
Creditors of CJSC Morskoy Lov (TIN 4101082198) have until
July 24, 2008, to submit proofs of claim to:

         A. Protsenko
         Insolvency Manager
         Post User Box 228
         683024 Petropavlovsk-Kamchatskiy
         Russia

The Arbitration Court of Kamchatka commenced bankruptcy
proceedings against the company after finding it insolvent.  The
case is docketed under Case No. A24-649/2008.

The Debtor can be reached at:

         CJSC Morskoy Lov
         Rybakov Pr. 13/3-5
         P-Kamchatskiy
         Russia


NOVOOSKOLSKAYA SEED-GROWING: Court Starts Bankruptcy Supervision
----------------------------------------------------------------
The Arbitration Court of Belgorod commenced bankruptcy
supervision procedure on OJSC Novooskolskaya Seed-Growing
Station (TIN 3114008961).  The case is docketed under Case No.
A08-528/08-14-B.

The Temporary Insolvency Manager is:

         A. Kovalevskiy
         Office 307
         N. Chumichova Str. 38
         308000 Belgorod
         Russia

The Court is located at:

         The Arbitration Court of Belgorod
         Narodnyj Avenue 135
         308600 Belgorod
         Russia

The Debtor can be reached at:

         OJSC Novooskolskaya Seed-Growing Station
         Podolkhi
         Novooskolskiy
         309606 Belgorod
         Russia


OIL-STROY-SERVICE: Creditors Must File Claims by July 24
--------------------------------------------------------
Creditors of LLC Oil-Stroy-Service (TIN 0245011320) have until
July 24, 2008, to submit proofs of claim to:


         E.Lutfullina
         Insolvency Manager
         M. Karima Str. 6-23
         Ufa
         450077 Bashkortostan
         Russia

The Arbitration Court of Bashkortostan commenced bankruptcy
proceedings against the company after finding it insolvent.  The
case is docketed under Case No. A07-25481/06-G-ShAB.

The Court is located at:

         The Arbitration Court of Bashkortostan
         Oktyabrskoy Revolyutsii Str. 63a
         Ufa
         Bashkortostan
         Russia

The Debtor can be reached at:

         LLC Oil-Stroy-Service
         Kursakovo
         Ufa
         Bashkortostan
         Russia


ROS-MASH-TRADE: Court Names N. Ignatyev as Insolvency Manager
-------------------------------------------------------------
The Arbitration Court of Chuvashiya appointed N. Ignatyev as
Insolvency Manager ofr CJSC Ros-Mash-Trade.  He can be reached
at:

         N. Ignatyev
         Guzovskogo Str. 7/54
         Cheboksary
         Chuvashiya
         Russia

The Court commenced bankruptcy proceedings against the company
after finding it insolvent.  The case is docketed under Case No.
A79-9114/2007.

The Debtor can be reached at:

         CJSC Ros-Mash-Trade
         Cheboksary
         Chuvashiya
         Russia


SAMUR CJSC: Creditors Must File Claims by June 24
-------------------------------------------------
Creditors of CJSC Samur (TIN 0275045951) have until June 24,
2008, to submit proofs of claim to:

         I. Davletgareev
         Temporary Insolvency Manager
         Office 128
         S. Yulaeva Pr. 45
         Ufa
         450078 Bashkortostan
         Russia

The Arbitration Court of Bashkortostan will convene at 10:00
a.m. on Sept. 4, 2008, to hear the company's bankruptcy
supervision procedure.  The case is docketed under Case No.
A07-1805/08-G-FLE.

The Court is located at:

         The Arbitration Court of Bashkortostan
         Oktyabrskoy Revolyutsii Str. 63a
         Ufa
         Bashkortostan
         Russia

The Debtor can be reached at:

         CJSC Samur
         Blagovarskaya Str. 8
         Ufa
         Bashkortostan
         Russia


SIBIRIT-1 CJSC: Creditors Must File Claims by July 24
-----------------------------------------------------
Creditors of CJSC Sibirit-1 have until July 24, 2008, to submit
proofs of claim to:

         V. Zakirov
         Insolvency Manager
         10th floor
         Lenina Pr. 90/4
         650036 Kemerovo
         Russia

The Arbitration Court of Kemerovo commenced bankruptcy
proceedings against the company after finding it insolvent.  The
case is docketed under Case No. A27-10711/2007-4.

The Court is located at:

         The Arbitration Court of Kemerovo
         Krasnaya Str. 8
         Kemerovo
         Russia

The Debtor can be reached at:

         CJSC Sibirit-1
         Mira Str. 11
         Mezhdurechensk
         652870 Kemerovo
         Russia


STROY-DOM LLC: Creditors Must File Claims by June 24
----------------------------------------------------
Creditors of LLC Stroy-Dom have until June 24, 2008, to submit
proofs of claim to:

         R. Kildiyarov
         Temporary Insolvency Manager
         Post User Box 130
         Ufa-92
         450092 Bashkortostan
         Russia

The Arbitration Court of Bashkortostan commenced bankruptcy
supervision procedure on the company.  The case is docketed
under Case No. A07-14437/07-G-ShAB.

The Court is located at:

         The Arbitration Court of Bashkortostan
         Oktyabrskoy Revolyutsii Str. 63a
         Ufa
         Bashkortostan
         Russia

The Debtor can be reached at:

         R. Kildiyarov
         Temporary Insolvency Manager
         Post User Box 130
         Ufa-92
         450092 Bashkortostan
         Russia


TYUSHEVSKIY SPIRIT: Asset Sale Slated for July 2
------------------------------------------------
The insolvency manager and bidding organizer for OJSC
Tyushevskiy Spirit Distillery, will open a public auction for
the company's properties at 2:00 p.m. on July 2, 2008, at:

         The Insolvency Manager
         Bolshevistskaya Str. 163-217
         Perm
         Russia

The company has set a RUR2,031,943 starting price for the assets
in auction.  

Interested participants have until July 1, 2008, to deposit an
amount equivalent to 10% of the starting price to:

         OJSC Tyushevskiy Spirit Distillery
         Settlement Account 40702810200000001402
         Correspondent Account 30101810900000000878
         BIK 045773878
         KPP 594301001
         OJSC Kamabank
         Perm
         Russia

Bidding documents must be submitted to:

         The Insolvency Manager
         Bolshevistskaya Str. 163-217
         Perm
         Russia
         Tel: (342) 236-39-33, 89128804314

The Debtor can be reached at:

         The Insolvency Manager
         Bolshevistskaya Str. 163-217
         Perm
         Russia
         Tel: (342) 236-39-33, 89128804314


TRETYAKOVSKIY AGRO-SERVICE: Claims Filing Period Ends June 24
-------------------------------------------------------------
Creditors of OJSC Tretyakovskiy Agro-Service have until Jun 24,
2008, to submit proofs of claim to:

         A. Ashpin
         Temporary Insolvency Manager
         Post User Box 4282
         654000 Novokusnetsk
         Russia

The Arbitration Court of Altay will convene on Oct. 8, 2008, to
hear the company's bankruptcy supervision procedure.  The case
is docketed under Case No. A03-2534/08-B.

The Debtor can be reached at:

         OJSC Tretyakovskiy Agro-Service
         Staroaleyskoe
         Tretyakovskiy
         Altay
         Russia


VOSKHOD LLC: Creditors Must File Claims by June 24
--------------------------------------------------
Creditors of LLC Kiryabskiy Timber Complex Voskhod (TIN
0270011116) have until June 24, 2008, to submit proofs of claim
to:

         A. Sayfitdinov
         Insolvency Manager
         Post User Box 56
         Ufa
         450009 Bashkortostan
         Russia

The Arbitration Court of Bashkortostan commenced bankruptcy
proceedings against the company after finding it insolvent.  The
case is docketed under Case No. A07-2216/08-G-NLV.

The Court is located at:

         The Arbitration Court of Bashkortostan
         Oktyabrskoy Revolyutsii Str. 63a
         Ufa
         Bashkortostan
         Russia

The Debtor can be reached at:

         LLC Kiryabskiy Timber Complex Voskhod
         Kiryabinskoe
         Uchalinskiy
         453725 Bashkortostan
         Russia


VYAZEMSKIY DOCK: Court Names V. Boldin as Insolvency Manager
------------------------------------------------------------
The Arbitration Court of Khabarovsk appointed V. Boldin as
Insolvency Manager for LLC Vyazemskiy Dock.  He can be reached
at:

         V. Boldin
         Insolvency Manager
         Post User Box 101/5
         680023 Khabarovsk 23
         Russia

The Court commenced bankruptcy proceedings against the company
after finding it insolvent.  The case is docketed under Case No.
A73-4685/2007-37/38.

The Debtor can be reached at:

         LLC Vyazemskiy Dock
         Lenina Str. 65
         Vyazemskiy
         682950 Khabarovsk
         Russia


=========
S P A I N
=========


PYME VALENCIA 1: Fitch Puts Negative Outlook on 14 Notes Classes
----------------------------------------------------------------
Fitch Ratings has assigned Negative Rating Outlooks to 14
classes from 11 Spanish small- and medium-sized enterprise  
collateralized debt obligations transactions.

The Negative Outlooks reflect rapidly increasing arrears,
exacerbated by current concerns regarding portfolio credit
quality and industry concentration in real estate and related
sectors.  The current levels of credit support for the classes
on Negative Outlooks compare unfavourably with the 90+ day
delinquency trends when projected forward over the next 24
months.  In addition, industry concentration to real estate,
construction and building materials companies remains a long-
term concern.

Fitch reiterates that these Negative Rating Outlooks are not
downgrades nor are tranches being placed on Rating Watch
Negative.  The current levels of credit support are sufficient
to justify the current ratings in Fitch-rated Spanish SME CDOs;
however, in select instances, the agency has a negative view on
the long-term performance of certain classes.

The affected transactions and their main portfolio parameters
are:

Caixa Penedes PYMES 1 TdA, Fondo de Titulizacion de Activos
Class C: rated 'BBB'

   -- Current credit enhancement 1.9%, 90+ day delinquencies at
      0.6% current portfolio as of 30 April 2008, real estate
      and related sectors exposure 48.3%

Empresas Hipotecario TDA CAM 5, Fondo de Titulizacion de Activos
Class C: rated 'BBB'

   -- Current credit enhancement 2.3%, 90+ day delinquencies at
      0.5% current portfolio as of 30 April 2008, real estate
      and related sectors exposure 30%

Fondo de Titulizacion de Activos Pymes Banesto 2 Class C: rated
'BBB'

   -- Current credit enhancement 2.5%, 90+ day delinquencies at
      0.4% current portfolio as of 17 March 2008, real estate
      and related sectors exposure 18.6%

Fondo de Titulizacion de Activos Santander Empresas 3 Class E:
rated 'BB+'

   -- Current credit enhancement 1.8%, 90+ day delinquencies at
      0.5% current portfolio as of 16 April 2008, real estate
      and related sectors exposure 35%

Fondo de Titulizacion de Activos Santander Empresas 4 Class D:
rated 'BBB'

   -- Current credit enhancement 3.4%, 90+ day delinquencies at
      0.3% current portfolio as of 21 April 2008, real estate
      and related sectors exposure 43.3%

Fondo de Titulizacion de Activos Santander Empresas 4 Class E:
rated 'BB-'

   -- Current credit enhancement 1.5%, 90+ day delinquencies at
      0.3% current portfolio as of 21 April 2008, real estate
      and related sectors exposure 43.3%

FTPYME Bancaja 6, Fondo de Titulizacion de Activos Class A1:
rated 'AAA'

   -- Current credit enhancement 10.9%, 90+ day delinquencies at
      1.9% current portfolio as of 30 April 2008, real estate
      and related sectors exposure 61.8%

FTPYME Bancaja 6, Fondo de Titulizacion de Activos Class A2:
rated 'AAA'

   -- Current credit enhancement 10.9%, 90+ day delinquencies at
      1.9% current portfolio as of 30 April 2008, real estate
      and related sectors exposure 61.8%

FTPYME Bancaja 6, Fondo de Titulizacion de Activos Class B:
rated 'A-'

   -- Current credit enhancement 5.6%, 90+ day delinquencies at
      1.9% current portfolio as of 30 April 2008, real estate
      and related sectors exposure 61.8%

GC FTGENCAT Caixa Sabadell 1, FTA Class C: rated 'BBB-'

   -- Current credit enhancement 1.5%, 90+ day delinquencies at
      0.4% current portfolio as of 30 April 2008, real estate    
      and related sectors exposure 51.6%

IM Cajamar Empresas 1 FTA Series B: rated 'BBB'

   -- Current credit enhancement 3.9%, 90+ day delinquencies at
      0.4% current portfolio as of 30 April 2008, real estate
      and related sectors exposure 18.4%

PYME BANCAJA 5, Fondo de Titulizacion de Activos Class B: rated
'A'

   -- Current credit enhancement 8.4%, 90+ day delinquencies at
      2% current portfolio as of 30 April 2008, real estate and
      related sectors exposure 65.2%

PYME Valencia 1, FTA Class D: rated 'BB'

   -- Current credit enhancement 2.2%, 90+ day delinquencies at
       0.5% current portfolio as of 30 April 2008, real estate
       and related sectors exposure 61.8%

Ruralpyme 2 FTPYME, Fondo de Titulizacion de Activos Class C:
rated 'BBB-'

   -- Current credit enhancement 5.3%, 90+ day delinquencies at
      2.1% current portfolio as of 30 April 2008, real estate
      and related sectors exposure 22.1%

The above transactions are from the 2006 and 2007 vintages, and
have not benefited from de-leveraging to the same degree as
older vintage transactions.  In addition to the Negative
Outlooks that were assigned to the four tranches of Spanish SME
CDOs on May 9, 2008, Negative Outlooks in total impact
approximately 24% of the 54 outstanding Fitch-rated Spanish SME
CDO transactions and 7% of the 256 outstanding tranches.


=====================
S W I T Z E R L A N D
=====================


ADVISA ZURICH: Creditors' Proofs of Claim Due on June 20
--------------------------------------------------------
Creditors owed money by JSC Advisa Zurich are requested to
submit their proofs of claim by June 20, 2008, to:

           Wolf von Quast/Werner Vogt
           Liquidators
           Farberstrasse 6
           8008 Zurich
           Switzerland

The company is currently undergoing liquidation in Zurich.  The
decision about liquidation was accepted at an extraordinary
general meeting held on April 18, 2008.


BODYANDHEALTH LLC: Undergoing Liquidation in Sins
-------------------------------------------------
LLC Bodyandhealth is currently undergoing liquidation in Sins.  
The decision about liquidation was accepted at an extraordinary
shareholder's meeting held on Jan. 15, 2008.

Creditors' proofs of claim were due June 8.


BUSINESS EXCELLENCE: Undergoing Liquidation in Sevelen
------------------------------------------------------
LLC Business Excellence Consulting is currently undergoing
liquidation in Sevelen.  The decision about liquidation was
accepted at a shareholder's meeting held on April 23, 2008.

Creditors' proofs of claim were due June 8.


EREMITAGE IMMOBILIEN: Undergoing Liquidation in Chur
----------------------------------------------------
JSC Eremitage Immobilien, Chur is currently undergoing
liquidation in Chur.  The decision about liquidation was
accepted at an extraordinary general meeting held on April 21,
2008.

Creditors' proofs of claim were due June 8.


GREAT BEAR: Creditors' Proofs of Claim Due on June 19
----------------------------------------------------
Creditors owed money by LLC Great Bear Software Systems are
requested to submit their proofs of claim by June 19, 2008, to:

           Notariat Bernhard Leiser
           Bernstrasse 61
           mail box: 1321
           3072 Ostermundigen
           Switzerland

The company is currently undergoing liquidation in Bern.  The
decision about liquidation was accepted at an extraordinary
general meeting held on April 22, 2008.


HEDISA CONSULT: Proofs of Claim Filing Deadline Set for June 19
---------------------------------------------------------------
Creditors owed money by JSC Hedisa Consult are requested to
submit their proofs of claim by June 19, 2008, to:

           Heinz Eggimann
           chemin de la Maison Blanche 17
           1233 Evilard
           Switzerland

The company is currently undergoing liquidation in Evilard.  The
decision about liquidation was accepted at a general meeting
held on April 21, 2008.


INVEST FORTUNE: Creditors Must Submit Proofs of Claim by June 22
----------------------------------------------------------------
Creditors owed money by JSC INVEST FORTUNE MANAGEMENT are
requested to submit their proofs of claim by June 22, 2008, to:

           JSC Steiger, Zumstein und Partners
           Liquidator
           Nauenstrasse 49
           4002 Basel
           Switzerland

The company is currently undergoing liquidation in Basel.  The
decision about liquidation was accepted at an extraordinary
general meeting held on April 21, 2008.


LANDWIRT & ERNTE: March Court Commences Bankruptcy Proceedings
--------------------------------------------------------------
The Bankruptcy Service of March commenced bankruptcy proceedings
against JSC Landwirt & Ernte on April 22, 2008.

The Bankruptcy Service of March can be reached at:

           Bankruptcy Service of March
           8853 Lachen
           Switzerland


LOWEN IMMOBILIEN: Creditors' Liquidation Claims due June 19
-----------------------------------------------------------
Creditors owed money by JSC Lowen Immobilien, are requested to
submit their proofs of claim by June 19, 2008, to:

           Bruno Felber
           Liquidator
           Obergutstrasse 23
           8273 Triboltingen
           Switzerland

The company is currently undergoing liquidation in Kreuzlingen.  
The decision about liquidation was accepted at an extraordinary
general meeting held on April 25, 2008.


MANAGEMENT- BILDUNGSZENTRUM: Undergoing Liquidation in Uznach
-------------------------------------------------------------
LLC Management-Bildungszentrum is currently undergoing
liquidation in Uznach.  The decision about liquidation was
accepted at a shareholder's meeting held on March 17, 2008.

Creditors' proofs of claim were due June 8.


MEDIASOUND LLC: Undergoing Liquidation in Thun
----------------------------------------------
LLC Mediasound is currently undergoing liquidation in Thun.  The
decision about liquidation was accepted at a shareholder’s
meeting held on April 4, 2008.

Creditors' proofs of claim were due June 8.


NIGHTLIGHT STUDIOS: Proofs of Claim Filing Deadline is June 19
--------------------------------------------------------------
Creditors owed money by LLC Nightlight Studios are requested to
submit their proofs of claim by June 19, 2008, to:

           Alexander Strohm
           Schalbergstrasse 37
           4153 Reinach
           Switzerland

The company is currently undergoing liquidation in Reinach.  The
decision about liquidation was accepted at a regular
shareholders meeting held on Jan. 11, 2008.


PAUL GLATT: Under Liquidation in Fullinsdorf
--------------------------------------------
JSC Paul Glatt is currently undergoing liquidation in
Fullinsdorf.  The decision about liquidation was accepted at a
regular general meeting held on April 25, 2008.

Creditors' proofs of claim were due June 8.


PONNOVATION JSC: Creditors Must File Proofs of Claim by June 21
---------------------------------------------------------------
Creditors owed money by JSC Ponnovation are requested to submit
their proofs of claim by June 21, 2008, to:

           Alpenstrasse 1
           6300 Zug
           Switzerland

The company is currently undergoing liquidation in Zug.  The
decision about liquidation was accepted at an extraordinary
general meeting held on April 23, 2008.


PREPIX LLC: Undergoing Liquidation in Basel
-------------------------------------------
LLC Prepix is currently undergoing liquidation in Basel.  The
decision about liquidation was accepted at an extraordinary  
shareholder's meeting held on Feb. 15, 2008.

Creditors' proofs of claim were due June 8.


SPECIALIZED TECHNOLOGY: S&P Revises Outlook to Positive
-------------------------------------------------------
Standard & Poor's Ratings Services revised its outlook on
Enfield, Conn.-based Specialized Technology Resources
Inc. to positive from stable.  At the same time, S&P affirmed
all ratings, including the 'B' corporate credit rating.

"The outlook revision reflects the company's materially improved
operating performance over the past several quarters due to
higher demand for its products and services, a trend we expect
will continue in the near term," said Standard & Poor's credit
analyst Andy Sookram.  As a result, credit metrics have improved
to a level that S&P would consider to be more consistent with a
higher rating.  Specifically, S&P expects operating margins to
remain above 35% and the debt to EBITDA to improve to below
3.5x.

The ratings on STR reflect its narrow business focus, relatively
small size, and highly competitive operating environment.  
Still, its two niche business segments have established market
positions and maintain favorable growth prospects.  Also, the
company's overall financial profile has materially improved over
the past 12 months.

STR derives about 60% of its revenues from solar panel
encapsulants and 40% from quality assurance business.  Both
solar and quality assurance services have a diverse base of
customers across geographic regions, and high customer-retention
rates provide a degree of stability to cash flows.

STR's solar business, which carries higher margins that its
quality assurance business, is the faster growing segment
because high energy prices are encouraging end users to seek
alternatives including solar power.  However, its existing
product offerings appeal to a narrow end user.  Moreover, the
potential for technology enhancements from Asian encapsulant
manufacturers and the possibility of solar panel manufacturers
directly sourcing encapsulants from these manufacturers could
pressure margins over the longer term and remain rating
concerns.  Nevertheless, while prospects for growth in the use
of solar energy are strong, increased adaptation of solar-based
energy products is partially dependent on government subsidies
to make the technology more cost effective and increase market
penetration.

Demand for STR's quality assurance business has increased,
driven by stricter safety requirements and regulations,
increasingly global manufacturing platforms, and short product
life cycles.

Headquartered in Enfield, Conn., Specialized Technology
Resources Inc. -- http://www.strlab.com/-- is an independent  
global provider of quality assurance testing, product
development, and supply chain support services for major
consumer product retailers, manufacturers, importers, and raw
material suppliers.  The company has laboratories and inspection
offices in over 30 countries across five continents.

The company has an office in Switzerland through STR Testing &
Inspection AG.  The company also has offices in Hong Kong and
Peru, among others.


TENNISAKADEMIE LLC: Creditors' Liquidation Claims due June 19
-------------------------------------------------------------
Creditors owed money by LLC Tennisakademie are requested to
submit their proofs of claim by June 19, 2008, to:

           JSC Trevim
           Buchenstasse 5
           6210 Sursee
           Switzerland

The company is currently undergoing liquidation in Schenkon.  
The decision about liquidation was accepted at an extraordinary
general meeting held on April 11, 2008.


TRADE HOUSE: Undergoing Liquidation in Zug
------------------------------------------
JSC Trade House KazMunaiGaz is currently undergoing liquidation
in Zug.  The decision about liquidation was accepted at an
extraordinary general meeting held on April 17, 2008.

Creditors' proofs of claim were due June 8.


TSL HALBLEITER: Zug Court Commences Bankruptcy Proceedings
----------------------------------------------------------
The Bankruptcy Service of Zug commenced bankruptcy proceedings
against JSC TSL Halbleiter on May 8, 2008.

The Bankruptcy Service of March can be reached at:

           Bankruptcy Service of March
           8853 Lachen
           Switzerland


UBS AG: U.S. Government Seeks Swiss Help in Investigation
---------------------------------------------------------
The U.S. authorities have asked the Swiss government's help in
investigating UBS AG, Associated Press reports, citing Folco
Galli, spokesman for Switzerland's Federal Office of Police.

According to Mr. Galli, AP relates, the Swiss government is now
studying how it can assist in the request regarding the case of
a former UBS executive, Bradley Birkenfeld, who has been charged
with the conspiracy to defraud the U.S. by helping wealthy
clients hide assets and evade taxes.

The U.S. Justice Department is investigating if UBS had
participated in helping U.S. clients evade taxes from 2000 to
2007, AP relates.

UBS AG -- http://www.ubs.com/-- together with its subsidiaries,
provides a range of financial products and services worldwide.
UBS' businesses are Global Wealth Management and Business
Banking, Global Asset Management, and Investment Banking.  The
company was founded in 1862 and is based in Zurich, Switzerland.
Its Wealth management services in the United States are provided
by UBS Financial Services Inc.  UBS' U.S. headquarters is at
1285 Avenue of the Americas, New York, NY.


VIVA SECURA: Hochdorf Court Commences Bankruptcy Proceedings
------------------------------------------------------------
The Bankruptcy Service of Hochdorf commenced bankruptcy
proceedings against LLC Viva Secura on April 17, 2008.

The Bankruptcy Service of Hochdorf can be reached at:

           Bankruptcy Service of Hochdorf
           6020 Emmenbrucke
           Switzerland


VRT SWISS: Aargau Court Commences Bankruptcy Proceedings
--------------------------------------------------------
The Bankruptcy Service of Aargau commenced bankruptcy
proceedings against LLC VRT Swiss Immobilien & Generalbau on
April 28, 2008.

The Bankruptcy Service of Aargau can be reached at:

           Bankruptcy Service of Aargau
           Amtsstelle Baden
           5402 Baden
           Switzerland


=============
U K R A I N E
=============


AIRLINE TRANSAVIA: Creditors Must File Claims by June 27
--------------------------------------------------------
Creditors of LLC Airline Transavia have until June 27, 2008, to
submit proofs of claim to:

         The Economic Court of Kirovograd
         Lunacharski Str. 29
         25006 Kirovograd
         Ukraine

The Economic Court of Kiev commenced bankruptcy proceedings
against the company after finding it insolvent on May 21, 2008.
The case is docketed as 11/66.

The Debtor can be reached at:

         LLC Airline Transavia
         Adzhamskaya Str. 10
         25006 Kirovograd
         Ukraine


CHERNUSHOVYCHI AGRICULTURAL: Creditors' Claims Due June 27
----------------------------------------------------------
Creditors of Chernushovychi Agricultural LLC (code EDRPOU
23890143) have until June 27, 2008, to submit proofs of claim
to:

         The Economic Court of Lvov
         Lichakivska Str. 81
         79010 Lvov
         Ukraine

The Economic Court of Lvov commenced bankruptcy proceedings
against the company after finding it insolvent on May 20, 2008.

The Debtor can be reached at:

         Chernushovychi Agricultural LLC
         Chernushovychi
         Pustomitov District
         81143 Lvov
         Ukraine


DUBNO MOVABLE: Creditors Must File Claims by June 27
----------------------------------------------------
Creditors of OJSC Dubno Movable Mechanized Column1 (code EDRPOU
01353692) have until June 27, 2008, to submit proofs of claim
to:

         The Economic Court of Rivne
         Yavornitskiy Str. 59
         33001 Rivne
         Ukraine

The Economic Court of Rivne commenced bankruptcy proceedings
against the company after finding it insolvent on Jan. 16, 2008.  
The case is docketed as 9/65.

The Debtor can be reached at:

         OJSC Dubno Movable Mechanized Column1
         Grushevsky Str. 168-a
         Dubno
         35600 Rivne
         Ukraine


HERCULES LLC: Creditors Must File Claims by June 27
---------------------------------------------------
Creditors of LLC Hercules (code EDRPOU 24285237) have until
June 27, 2008, to submit proofs of claims to:

         The Economic Court of Kharkov
         Derzhprom 8th Entrance
         Svoboda Square 5
         61022 Kharkov
         Ukraine

The Economic Court of Kharkov commenced bankruptcy proceedings
against the company after finding it insolvent on Dec. 25, 2007.
The case is docketed as B-31/200-07.

The Debtor can be reached at:

         LLC Hercules
         Komsomolskaya Str. 16
         Kupiansk
         Kharkov
         Ukraine


LEASING-TRADING HOUSE: Creditors Must File Claims by June 27
------------------------------------------------------------
Creditors of LLC Leasing Company Leasing-Trading House (code
EDRPOU 25551215) have until June 27, 2008, to submit proofs of
claim to:

         The Economic Court of Lvov
         Lichakivska Str. 81
         79010 Lvov
         Ukraine

The Economic Court of Lvov commenced bankruptcy proceedings
against the company after finding it insolvent on May 20, 2008.

The Debtor can be reached at:

         LLC Leasing Company Leasing-Trading House
         V. Veliky Str. 16
         Lvov
         Ukraine


LEON LLC: Creditors Must File Claims by June 27
-----------------------------------------------
Creditors of LLC Leon (code EDRPOU 32169180) have until
June 27, 2008, to submit proofs of claim to:

         The Economic Court of Zaporozhje
         Shaumiana Str. 4
         69001 Zaporozhje
         Ukraine

The Economic Court of Zaporozhje commenced bankruptcy
proceedings against the company after finding it insolvent on
May 13, 2008.  The case is docketed as 21/23/08.

The Debtor can be reached at:

         LLC Leon
         Chumachenko Str. 27/65
         69104 Zaporozhje
         Ukraine


MAGISTR LLC: Creditors Must File Claims by June 27
--------------------------------------------------
Creditors of LLC Firm Magistr (code EDRPOU 24675139) have until
June 27, 2008, to submit proofs of claims to:

         The Economic Court of Kharkov
         Derzhprom 8th Entrance
         Svoboda Square 5
         61022 Kharkov
         Ukraine

The Economic Court of Kharkov commenced bankruptcy proceedings
against the company after finding it insolvent on May 14, 2008.
The case is docketed as B-24/20-08.

The Debtor can be reached at:

         LLC Firm Magistr
         Apartment 13
         Lenin Avenue 74
         61199 Kharkov
         Ukraine


PROLISOK OJSC: Creditors Must File Claims by June 27
----------------------------------------------------
Creditors of OJSC Prolisok (code EDRPOU 19377653) have until
June 27, 2008, to submit proofs of claim to:

         The Economic Court of Rivne
         Yavornitskiy Str. 59
         33001 Rivne
         Ukraine

The Economic Court of Rivne commenced bankruptcy proceedings
against the company after finding it insolvent on April 9, 2008.
The case is docketed as 4/20.

The Debtor can be reached at:

         OJSC Prolisok
         Mistechkovaya Str. 31
         Vysotsk
         Dubrovitsky District
         34111 Rivne
         Ukraine


RIVNE AGRICULTURAL: Creditors Must File Claims by June 27
---------------------------------------------------------
Creditors of LLC Rivne Agricultural Export Subsidiary Company
Rivne Agricultural Export-Service (code EDRPOU 31211168) have
until June 27, 2008, to submit proofs of claim to:

         The Economic Court of Rivne
         Yavornitskiy Str. 59
         33001 Rivne
         Ukraine

The Economic Court of Rivne has commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed as 9/36.

The Debtor can be reached at:

         LLC Rivne Agricultural Export Subsidiary Company
         Rivne Agricultural Export-Service
         Sobornaya Str. 274
         33000 Rivne
         Ukraine


UKR AGRO: Creditors Must File Claims by June 27
-----------------------------------------------
Creditors of LLC Ukr Agro Invest (code EDRPOU 34430407) have
until June 27, 2008, to submit proofs of claim to:

         The Economic Court of Kiev
         B. Hmelnitskij Boulevard 44-B
         01030 Kiev
         Ukraine

The Economic Court of Kiev commenced bankruptcy proceedings
against the company after finding it insolvent on May 21, 2008.
The case is docketed as 24/62-b.

The Debtor can be reached at:

         LLC Ukr Agro Invest
         Melnikov Str. 12
         04050 Kiev
         Ukraine


WEST-GROUP LLC: Creditors Must File Claims by June 27
-----------------------------------------------------
Creditors of LLC West-Group (code EDRPOU 34158851) have until
June 27, 2008, to submit proofs of claim to:

         The Economic Court of Ivano-Frankovsk
         Shevchenko Str. 16a
         76000 Ivano-Frankovsk
         Ukraine

The Economic Court of Ivano-Frankovsk commenced bankruptcy
proceedings against the company after finding it insolvent on
April 22, 2008.  The case is docketed as B-21/288.

The Debtor can be reached at:

         LLC West-Group
         Galitskaya Str. 126
         Rogatin
         77000 Ivano-Frankovsk
         Ukraine


===========================
U N I T E D   K I N G D O M
===========================


A.J.M. TECHMARK: Taps Joint Administrators from Menzies
-------------------------------------------------------
David John Whitehouse and Phillip Francis Duffy of Menzies
Corporate Restructuring were appointed joint administrators of
A.J.M. Techmark Ltd. (Company Number 04014720) on May 30, 2008.

Menzies Corporate Restructuring -- http://www.menzies.co.uk/--  
provides corporate restructuring services including: services
for directors or stakeholders of troubled businesses; services
to Lenders of troubled businesses; raising rescue funding at
short notice; and forensic and fraud services.

The company can be reached at:

          A.J.M. Techmark Ltd.
          25 Park Drive
          Stoke-On-Trent
          ST4 8AB
          England
          Tel: 01782 641 705
          Fax: 01782 657 350


AAA MORTGAGE: Brings In Liquidators from Tenon Recovery
-------------------------------------------------------
Ian William Kings and Steven Philip Ross of Tenon Recovery were
appointed joint liquidators of AAA Mortgage Ltd., AAA Mortgage
Distribution Ltd. and AAA Mortgage Group Ltd. on May 30 for the
creditors' voluntary winding-up proceeding.

The joint liquidators can be reached at:

         Tenon Recovery
         Tenon House
         Ferryboat Lane
         Sunderland
         SR5 3JN
         England


AUBURN SECURITIES: S&P Removes Ratings on Notes from CreditWatch
----------------------------------------------------------------
Standard & Poor's Ratings Services removed from CreditWatch with
positive implications and affirmed its credit ratings on the
subordinate notes issued by Auburn Securities 3 PLC and Auburn
Securities 5 PLC.  It has also affirmed its ratings on the
senior notes in both transactions and all the notes issued by
Auburn Securities 4 PLC.

The rating actions follow a full credit and cash flow analysis
of the most recent loan-level information that we have received
for each transaction.  All the deals are performing well and the
analysis shows that current credit enhancement levels are still
sufficient to maintain the current ratings on all the tranches.

The notes, issued between 2002 and 2005, are backed by
portfolios of first-ranking prime residential mortgages secured
over mainly buy-to-let properties in England, Wales, and
Northern Ireland.
  
                         Ratings List
  
  
     Ratings Removed from CreditWatch Positive and Affirmed
  
                    Auburn Securities 3 PLC
     GBP400 Million Mortgage-Backed Floating-Rate Notes

                               Rating
                               ------
              Class       To             From
              -----       --             ----
              M           AA-            AA-/Watch Pos
  
                    Auburn Securities 5 PLC
    GBP450 Million Mortgage-Backed Floating-Rate Notes

                               Rating
                               ------
              Class       To             From
              -----       --             ----
              B           AA             AA/Watch Pos
              C           A              A/Watch Pos
              D           BBB            BBB/Watch Pos
              E           BB             BB/Watch Pos
  
                       Ratings Affirmed
  
                     Auburn Securities 3 PLC
        GBP400 Million Mortgage-Backed Floating-Rate Notes
  
                  Class            Rating
                  -----            ------
                  A2               AAA
  
                    Auburn Securities 4 PLC
        GBP1 Billion Mortgage-Backed Floating-Rate Notes

                  Class            Rating
                  -----            ------  
                  A2               AAA
                  M                AAA
                  B                AAA
                  C                AA+
                  D                A
                  E                BB+
  
                   Auburn Securities 5 PLC
      GBP450 Million Mortgage-Backed Floating-Rate Notes
  
                  Class            Rating
                  -----            ------
                  A2               AAA
                  M                AAA


BOURNE END: Calls In Liquidators from Grant Thornton
----------------------------------------------------
David R. Thurgood and Malcolm B. Shierson of Grant Thornton UK
LLP were appointed joint liquidators of Bourne End One Ltd. on
June 4 for the creditors' voluntary winding-up proceeding.

The joint liquidators can be reached at:

         Grant Thornton UK LLP
         30 Finsbury Square
         London
         EC2P 2YU
         England


BRIDGES MOTOR: Tough Trading Conditions Result in Administration
----------------------------------------------------------------
Richard Hill and Mark Orton of KPMG LLP have been appointed
joint administrators of New Quarry Motors Ltd., Stratton Garage
Ltd., Bridges Motor Co. (Cirencester) Ltd. and Bridges (Newbury)
Ltd., a group of automotive dealerships in Gloucestershire and
Berkshire which trades as 'Bridges Motor Group'.

The company operates across four sites, as a dealer for Renault
in Cirencester, Newbury and Reading, and for Nissan at a
separate site in Cirencester.

All four dealerships have ceased trading and 116 of the group’s
139 employees have been made redundant with immediate effect.
The remaining staff, the majority of whom are based at the
group’s Cirencester head office, will assist the administrators
with their duties.

"Unfortunately, tough trading conditions in the automotive
retail sector have resulted in the business encountering
problems and the decision has been taken [today] to cease
operations and all four locations," Mr. Hill disclosed.

The administrators will now be exploring opportunities for the
disposal of the remaining assets of the business.

KPMG LLP -- http://www.kpmg.co.uk/-- offers accounting, audit,  
and tax-related services to customers in such target industries
as banking, media and entertainment, consumer products, health
care providers, insurance, and pharmaceuticals.


BRITISH ENERGY: EDF Could Hike Bid if Board Accepts Offer
---------------------------------------------------------
Electricite de France S.A. could increase its GBP11-billion
takeover bid if British Energy Ltd.’s board approves the offer,
The Financial Times reports.

A source privy with the matter told FT that EDF would withdraw
its offer to British Energy if a deal cannot be reached by the
end of June 2008.

As recently reported in the TCR-Europe, British Energy's board
disclosed that none of the proposals it received represent value
for shareholders since the offers "fail[ed] to take proper
account of the current forward price of electricity and the
value of the Company's sites and people in the context of
nuclear new build.

The company, however, said it will continue accepting offers
while reviewing possible partnership arrangements.

                      About British Energy

Headquartered in Livingston, Scotland, British Energy Limited
-- http://www.british-energy.com/-- is the U.K.'s largest
producer of electricity.  With a workforce of about 6,000, it
produces around one-sixth of the nation's electricity.

                          *     *     *

British Energy Ltd. continues carries a Ba2 long-term corporate
family rating from Moody's with a stable outlook.

Standard & Poor's affirmed its BB long-term corporate credit
ratings on U.K.-based nuclear generator British Energy Group PLC
and its subsidiary British Energy Holdings PLC, with negative
outlook.

The company holds a BB+ long-term issuer default rating from
Fitch with a stable outlook.


CLEAR CHANNEL: Shareholders' Special Meeting Set for July 24
------------------------------------------------------------
Clear Channel Communications, Inc. said that it will hold a
special meeting of its shareholders on July 24, 2008, at which
the proposed merger with the group led by Bain Capital Partners,
LLC and Thomas H. Lee Partners, L.P will be considered.

Clear Channel shareholders of record as of 5:00 p.m. New York
City time on June 19, 2008, will be entitled to vote at the
special meeting.  The parties expect that closing will occur on
July 30, 2008.

Further details regarding the proposed merger, including such
specifics as the special meeting time and location, will be
provided in an updated proxy statement/prospectus, which the
company expects to file in the near future.

In connection with the proposed merger, CC Media Holdings, Inc.
and the Company have filed with the Securities and Exchange
Commission a registration statement on Form S-4 that contains a
proxy statement/prospectus and other documents regarding the
proposed transaction.  Before making any voting or investment
decisions, security holders of the company are urged to read the
proxy statement/prospectus and all other documents regarding the
proposed transaction carefully in their entirety, because they
contain important information about the proposed transaction.  

Security holders of the company may obtain free copies of the
proxy statement/prospectus and other documents filed with, or
furnished to, the SEC at the SEC’s website at
http://www.sec.gov.

In addition, a security holder who wishes to receive a copy of
these materials, without charge, should submit a request to the
company’s proxy solicitor:

         Innisfree M&A Incorporated
         501 Madison Avenue, 20th Floor
         New York, New York 10022
         Tel: (877) 456-3427 [toll free]

The final proxy statement/prospectus will be mailed to security
holders of the company when available.

               About Thomas H. Lee Partners

Thomas H. Lee Partners, L.P. is one of the oldest and most
successful private equity investment firms in the United States.  
Since its establishment in 1974, THL has been the preeminent
growth buyout firm, raising approximately $22 billion of equity
capital, investing in more than 100 businesses with an aggregate
purchase price of more than $125 billion, completing over 200
add-on transactions and generating superior returns for its
investors.  THL focuses its high value-added strategy on growth
businesses, partnering with the best managers in an industry to
build great companies through strong organic growth and targeted
add-on acquisitions.  Notable transactions sponsored by THL
include Aramark, Ceridian, Dunkin' Brands, Experian, Fidelity
National Information Services, Grupo ONO, HomeSide Lending,
Houghton Mifflin, Michael Foods, The Nielsen Company, Nortek,
ProSiebenSat.1, Simmons Bedding Company, Snapple, Univision,
Warner Chilcott, Warner Music Group and West Corporation.

                About Bain Capital Partners

Bain Capital Partners, LLC -- http://www.baincapital.com/-- is  
a global private investment firm that manages several pools of
capital including private equity, high-yield assets, mezzanine
capital and public equity with more than $40 billion in assets
under management.  Since its inception in 1984, Bain Capital has
made private equity investments and add-on acquisitions in over
230 companies around the world, including investments in a broad
range of companies such as Burger King, HCA, Warner Chilcott,
Toys “R” Us, AMC Entertainment, Sensata Technologies, Burlington
Coat Factory and ProSiebenSat1 Media.  Headquartered in Boston,
Bain Capital has offices in New York, London, Munich, Tokyo,
Hong Kong and Shanghai.

                     About Clear Channel

Based in San Antonio, Texas, Clear Channel Communications Inc.
(NYSE:CCU) -- http://www.clearchannel.com/-- is a media
and entertainment company specializing in "gone from home"
entertainment and information services for local communities and
premiere opportunities for advertisers. The company's
businesses include radio, television and outdoor displays.
Outside U.S., the company operates in 11 countries -- Norway,
Denmark, the United Kingdom, Singapore, China, the Czech
Republic, Switzerland, the Netherlands, Australia, Mexico and
New Zealand. As of Dec. 31, 2007, it owned 717 core radio
stations, 288 non-core radio stations which are being marketed
for sale and a leading national radio network operating in the
United States.

                       *     *     *

As reported in the Troubled Company Reporter-Europe on May 30,
2008, Standard & Poor's Ratings Services said that its ratings
on Clear Channel Communications Inc., including the 'B+'
corporate credit rating, remain on CreditWatch with negative
implications.  S&P originally placed them on CreditWatch on Oct.
26, 2006, following the San Antonio, Texas-based company's
announcement that it was exploring strategic alternatives to
enhance shareholder value.


CLEAR CHANNEL: Extends Offer Expiration Date to June 27
-------------------------------------------------------
In connection with Clear Channel Communications, Inc.'s
previously announced tender offer for its outstanding 7.65%
Senior Notes due 2010 (CUSIP No. 184502AK8) and Clear Channel's
subsidiary AMFM Operating Inc.'s previously announced tender
offer for its outstanding 8% Senior Notes due 2008 (CUSIP No.
158916AL0), the company, has extended the date on which the
tender offers are scheduled to expire from 8:00 a.m. New York
City time on June 11, 2008 to 8:00 a.m. New York City time on
June 27, 2008 and the consent payment deadline for the Notes
from 8:00 a.m. New York City time on June 11, 2008 to 8:00 a.m.
New York City time on June 27, 2008.  The Offer Expiration Date
and the Consent Payment Deadline are subject to extension by
Clear Channel, with respect to the CCU Notes, and AMFM, with
respect to the AMFM Notes, in their sole discretion, including
in connection with the terms of the settlement agreement and the
amendment to the merger agreement described below.

The completion of the tender offers and consent solicitations
for the Notes is conditioned upon the satisfaction or waiver of
all of the conditions precedent to the Agreement and Plan of
Merger (by and among Clear Channel, CC Media Holdings, Inc., B
Triple Crown Finco, LLC, T Triple Crown Finco, LLC and BT Triple
Crown Merger Co., Inc., dated November 16, 2006, as amended by
Amendment No. 1, dated April 18, 2007, and Amendment No. 2,
dated May 17, 2007 and the closing of the merger contemplated by
the Merger Agreement.   The closing of the Merger has not
occurred.

On March 26, 2008, Clear Channel, joined by CC Media Holdings,
Inc., filed a lawsuit in the Texas State Court in Bexar County,
Texas, against Citigroup, Deutsche Bank, Morgan Stanley, Credit
Suisse, The Royal Bank of Scotland, and Wachovia, the banks who
had committed to provide the debt financing for the Merger.  

Clear Channel intends to complete the tender offers and consent
solicitations for the CCU Notes, and AMFM intends to complete
the tender offers and consent solicitations for the AMFM Notes,
upon consummation of the Merger.   On May 13, 2008, Clear
Channel said that the company, entities sponsored by Bain
Capital Partners, LLC and Thomas H. Lee Partners, L.P., and a
bank syndicate have entered into a settlement agreement in
connection with the lawsuits previously filed in the Texas and
in New York.  Pursuant to the terms of the settlement agreement,
the parties have agreed to enter into a third amendment to the
previously-announced merger agreement.  While the merger is
expected to close by the end of the third quarter 2008 pending
shareholder approval, the parties to the settlement agreement
have agreed to extend the outside date for completion of the
merger to December 31, 2008.

Clear Channel previously disclosed on January 2, 2008 that it
had received, pursuant to its previously announced tender offer
and consent solicitation for the CCU Notes, the requisite
consents to adopt the proposed amendments to the CCU Notes and
the indenture governing the CCU Notes applicable to the CCU
Notes, and that AMFM had received, pursuant to its previously
announced tender offer and consent solicitation for the AMFM
Notes, the requisite consents to adopt the proposed amendments
to the AMFM Notes and the indenture governing the AMFM Notes.  

As of June 11, 2008, approximately 99% of the AMFM Notes have
been validly tendered and not withdrawn and approximately 99% of
the CCU Notes have been validly tendered and not withdrawn.

The Clear Channel tender offer and consent solicitation is being
made pursuant to the terms and conditions set forth in the Clear
Channel Offer to Purchase and Consent Solicitation Statement for
the CCU Notes dated December 17, 2007, and the related Letter of
Transmittal and Consent.  The AMFM tender offer and consent
solicitation is being made pursuant to the terms and conditions
set forth in the AMFM Offer to Purchase and Consent Solicitation
Statement for the AMFM Notes dated December 17, 2007, and the
related Letter of Transmittal and Consent.  Further details
about the terms and conditions of the tender offers and consent
solicitations are set forth in the Offers to Purchase and the
related documents.

Clear Channel has retained Citi to act as the lead dealer
manager for the tender offers and lead solicitation agent for
the consent solicitations and Deutsche Bank Securities Inc. and
Morgan Stanley & Co. Incorporated to act as co-dealer managers
for the tender offers and co-solicitation agents for the consent
solicitations.  Global Bondholder Services Corporation is the
Information Agent for the tender offers and the consent
solicitations.  Questions regarding the tender offers should be
directed to Citi at (800) 558-3745 (toll-free) or (212) 723-6106
(collect).  Requests for documentation should be directed to
Global Bondholder Services Corporation at (212) 430-3774 (for
banks and brokers only) or (866) 924-2200 (for all others toll-
free).

                     About Clear Channel

Based in San Antonio, Texas, Clear Channel Communications Inc.
(NYSE:CCU) -- http://www.clearchannel.com/-- is a media
and entertainment company specializing in "gone from home"
entertainment and information services for local communities and
premiere opportunities for advertisers. The company's
businesses include radio, television and outdoor displays.
Outside U.S., the company operates in 11 countries -- Norway,
Denmark, the United Kingdom, Singapore, China, the Czech
Republic, Switzerland, the Netherlands, Australia, Mexico and
New Zealand. As of Dec. 31, 2007, it owned 717 core radio
stations, 288 non-core radio stations which are being marketed
for sale and a leading national radio network operating in the
United States.

                       *     *     *

As reported in the Troubled Company Reporter-Europe on May 30,
2008, Standard & Poor's Ratings Services said that its ratings
on Clear Channel Communications Inc., including the 'B+'
corporate credit rating, remain on CreditWatch with negative
implications.  S&P originally placed them on CreditWatch on Oct.
26, 2006, following the San Antonio, Texas-based company's
announcement that it was exploring strategic alternatives to
enhance shareholder value.


DANKA BUSINESS: DCML LLC Opposes Proposed Liquidation
-----------------------------------------------------
DCML LLC has filed a Schedule 13D with the U.S. Securities and
Exchange Commission, indicating its acquisition of a more than a
5% interest in the outstanding Ordinary Shares of Danka Business
Services PLC and including a letter addressed to the Board of
Directors of Danka opposing the proposed liquidation of Danka
after the anticipated sale of Danka Office Imaging Company to
Konica Minolta.


           Letter to the Board of Directors of Danka

Dear Members of the Independent Committee of the Board of
Directors:

We write on behalf of DCML LLC, and certain related entities
that own, in the aggregate, approximately 6% of the common stock
of Danka Business Systems PLC on a fully diluted basis.

We support the Board's decision to recommend shareholder
approval of the sale of Danka Office Imaging Company to Konica
Minolta.  However, we believe the Independent Committee has
seriously erred in (1) recommending that the Company enter
liquidation subsequent to such sale; (2) conditioning sale of
DOIC upon shareholder approval of liquidation, and (3)
negotiating a distribution of sale proceeds in liquidation that
would leave ordinary shareholders with a pittance -- US$6.5
million (US$0.025 per ordinary share, or US$0.10 per American
Depository Share), while holders of participating shares (the
"Cypress shareholders") would receive substantially
in excess of US$100 million.

The proposed distribution to ordinary shareholders is grossly
unfair, and we strongly believe that the Company could have
pursued -- and going forward must pursue -- alternative options
for executing the sale of DOIC to KOM while ensuring that the
value derived from such sale is shared more equitably among
all of the company's shareholders.  The Committee's failure to
do so raises serious questions about the exercise of its
fiduciary duties.

In the Company's proxy filing, the Board has implied that the
proposals presented -- calling for a voluntary liquidation,
which disproportionately benefits the Cypress shareholders (as
well as company management and its bankers and lawyers) -- is
the only realistic option available following the sale of DOIC
to KOM.  It is repeatedly suggested that the failure to approve
the proposed transactions, exactly as presented, will likely
place the company in irreversible fiscal peril.  We believe that
any such implication regarding the Company's fiscal soundness is
factually incorrect, a biased gloss on the circumstances,
designed to elicit shareholder votes in favor of the Board's
proposals.

Ultimately, the Board's core justification for granting Cypress
shareholders more than 17x the distribution that will be given
to ordinary shareholders is that the Cypress shareholders'
liquidation preference compels this outcome in a voluntary
liquidation.  But this merely begs the question of why the
company necessarily must be liquidated following the sale of
DOIC.  Nowhere has the Board seriously attempted to explain this
very convenient logical leap.  In the absence of liquidation,
the Cypress shareholders are minority shareholders and as an
equitable matter should be treated as such.

1. Equitable Distribution Analysis

On December 17, 1999, the Company issued 218,000 6.50%
participating shares, for US$218 million, to the Cypress
shareholders.  Today these shares have accrued to approximately
US$372 million in value.  The participating shares held by
Cypress are equity securities for purposes of English law and
represent equity for purposes of U.K. GAAP.(1)

In the event of a change of control, the participating
shareholders may demand redemption of their shares.  If the
Company does not have sufficient distributable profits to redeem
the participating shares in cash, it must use its best efforts
to complete a fresh issuance of shares, which in our opinion
is highly unlikely to be successful at the current market value
of the ordinary shares.  As an alternative to cash redemption of
the participating shares at the"as converted " ordinary share
value, the Company may elect instead to convert the
participating shares into ordinary shares at a conversion price
of US$3.11 per ordinary share, or US$12.44 per ADS (2).

Notably, if the Company were to convert the participating shares
into ordinary shares, participating shareholders would receive
approximately 120,851,920 ordinary shares, representing 32% of
the total shares outstanding.(3) And if the proceeds from the
sale of DOIC were to be distributed (after paying off the
Company's debt) after such conversion, ordinary shareholders
would receive 68% of the proceeds, and Cypress shareholders,
then holding ordinary shares, would receive 32% of the proceeds.
Consistent with this analysis, we summarize in the table below
what we believe is a fair and equitable distribution to all
shareholders.

(US$ in millions, except per share)

Liquidation Analysis 12/31/2007 (4) Best Case Worst Case
                                    --------- ----------

Konica Minolta Proceeds               US$250    US$240
Add: Current Assets at Danka          US$25     US$25
Less: Current Liabilities at Danka    US$8      US$8
Less: GE debt repayment               US$122    US$122
Less: Inv. Banking & Legal Fees       US$14     US$14
Less: Mr. Frazier Payment             US$4      US$4
Less: Management Payment              US$5      US$5
Net Asset Value                       US$122    US$112
Ordinary share distribution           US$83     US$76
Participating share distribution       US$39     US$36
US$ per ADS share                      US$1.28   US$1.18
US$ per participating share            US$1.28   US$1.18

The distribution sharply contrasts with what the Board has
proposed and the Committee has endorsed -- namely paying Cypress
in the best case US$115 million or 3.80 per ADS or in the worst
case US$105 million or US$3.48 per ADS, after making payment to
the ordinary and ADS shares of less than US$7 million (US$0.10
per ADS).  Interestingly, and for purposes of comparison, it is
worth noting that Company management will receive cash benefits
resulting from the proposed transaction that are substantially
greater than the entire distribution being made to ordinary
shareholders.

We recognize that the proposed outcome, and its remarkable
deviation from the analysis above, is a function of the Board's
decision to liquidate the company; in liquidation, the
participating shareholders merit a distribution preference.  But
as we previously noted, the Board has failed entirely to
explain why liquidation is required in these circumstances,
especially given the harsh, anti-ordinary shareholder outcome
that results in liquidation.

It is also hard to understand why, before endorsing this
outcome, the Board did not secure a fairness opinion from its
financial advisor that a distribution of less than US$7 million
to ordinary and ADS shares is fair and reasonable.  In a
thorough and diligent process, the Board would have obtained
such an opinion.

2. The Company's Financial Condition

The upshot of the Board's proxy argument is that the Company is
in financial peril, and only the proposed transaction -- only
the transaction at issue, and none other -- can somehow save it.
As an initial matter, it is difficult to take seriously this
argument when the Company hasn't filed financial statements
since December 31, 2007.  As shareholders we do not accept --
and we should not be asked to accept -- the Board's contentions
and innuendo regarding Company finances until and unless we are
presented with up-to-date financials.

Second, and equally important, in our view the Company's
potential liquidity difficulties can be negotiated and
surmounted.  Given our understanding of the working capital
dynamics affecting the Company's business, and its credit
facilities, we believe that the proxy has not accurately
portrayed the universe of options available to the Company short
of bankruptcy or liquidation.  Simply put, the Company should be
able to meet its obligations under its GE credit line through
the use of conventional financial management strategies; these
obligations are in no way justification for liquidation.

In conclusion, we are not opposed to the sale of DOIC to KOM at
the proposed price.  It is clear however that the Board has
failed its majority shareholders in negotiating the Cypress
transaction.  For those reasons, we have concluded that we
cannot support the voluntary liquidation of the Company and
intend to vote against it.  We are hopeful that a voluntary
liquidation will not occur and are considering all of the
options available to us, including soliciting proxies in the
upcoming annual meeting in August.

Finally, we wish to note as shareholders our appreciation of the
great work the Company's employees have done and continue to do
in operating the business.

Danka Business Systems PLC (LON: DNK) -- http://www.danka.com/      
--  offers document solutions, including office imaging
equipment, software, support, and related services and supplies
in the United States.  It offers office imaging products,
services, supplies and solutions, including digital and color
copiers, digital and color multifunction peripherals printers,
facsimile machines and software.  It also provides a range of
contract services, including professional and consulting
services, maintenance, supplies, leasing arrangements, technical
support and training, collectively referred to as Danka Document
Services.  The company's revenue is generated from two primary
sources: new retail equipment, supplies and related sales, and
service contracts.  Danka sells Canon products, as well as
Kodak, Toshiba and Hewlett-Packard.  On Aug. 31, 2006, the
company sold its subsidiary, Danka Australasia, PTY Limited, to
Onesource Group Limited.  In January 2007, the company disposed
of its European businesses to Ricoh Europe B.V.

The company's Dec. 31, 2007 balance sheet showed total assets of
US$233.5 million, total liabilities of US$225.0 million, 6.5%
senior convertible participating shares of US$362.6 million, and
total stockholders' deficit of US$354.1 million.


DIOMED HOLDINGS: VNUS Mulls Filing of Patent Infringement Claim
---------------------------------------------------------------
VNUS Medical Technologies, Inc., said it plans to file a claim
against the bankruptcy estate of Diomed Holdings, Inc., for
monetary damages attributable to Diomed's alleged past and
current infringement of VNUS patents.

VNUS filed a patent infringement lawsuit in 2005 against three
endovenous laser competitors, Diomed, AngioDynamics and Vascular
Solutions.  Trial has been scheduled for June 23, 2008.

The VNUS patent litigation against Diomed was stayed as a result
of Diomed's bankrutpcy filing in March.

On Tuesday, VNUS entered into an agreement with AngioDynamics
and Vascular Solutions that settles and resolves a patent
infringement lawsuit between the companies.  The Agreement
results in VNUS granting to AngioDynamics and Vascular
Solutions, a non-exclusive, non-sublicensable patent license
that covers certain products such as disposable endovenous laser
fiber kits, laser fibers, and lasers used in the field of
endovenous laser ablation.

As a part of the agreement, licensees AngioDynamics and Vascular
Solutions stipulated that the VNUS patents-in-suit are valid,
enforceable, and were infringed by the licensees.  The license
requires per unit royalty payments for endovenous laser products
sold or shipped in the United States until September 11, 2017.  
In conjunction with the patent license, AngioDynamics and
Vascular Solutions have agreed to an upfront payment of
US$6.8 million and US$3.1 million respectively for past
infringement of the VNUS patents through May 31, 2008 for
AngioDynamics and through March 31, 2008 for Vascular Solutions.

Brian Farley, VNUS President and CEO, stated, "This agreement
validates the importance and value of our intellectual property
in the field of endovenous ablation.  It brings to VNUS a
favorable result in the enforcement of our endovenous vein
ablation patents and is expected to produce a forward royalty
stream that allows VNUS to financially benefit from endovenous
laser ablation products sold into the vein ablation market over
the next nine years."  Mr. Farley added, "We expect the
financial and other terms of our settlement agreement will also
facilitate productive dialog with others who practice the
patented methods."

Diomed is selling its operations to AngioDynamics for
US$8,000,000 cash plus assumption of certain liabilities.

                       About VNUS Medical

Founded in 1995 and headquartered in San Jose, California, VNUS
Medical Technologies (Nasdaq: VNUS) -- http://www.vnus.com/--   
manufactures medical devices for the minimally invasive
treatment of venous reflux disease, a progressive condition that
causes the varicose veins afflicting 25 million Americans.  The
pioneering company in the field, VNUS offers the ClosureFAST
system, which consists of a proprietary radiofrequency generator
and proprietary disposable endovenous catheters and devices to
close diseased veins through the application of temperature-
controlled RF energy.  VNUS devices have been used in more than
300,000 procedures worldwide.

                      About Diomed Holdings

Based in Andover, Massachussetts, Diomed Holdings Inc. (AMEX:
DIO) -- http://www.evlt.com/and  http://www.diomedinc.com/--   
develops and commercializes minimal and micro-invasive medical
procedures that use its proprietary laser technologies and
disposable products.  Diomed's EVLT(R) laser vein ablation
procedure is used in varicose vein treatments.  Diomed also
provides photodynamic therapy for use in cancer treatments, and
dental and general surgical applications.  Diomed Holdings has
no assets other than its 100% ownership in Diomed Inc., its
operating unit.  Diomed Inc. owns 100% of Diomed Ltd. in the
United Kingdom and Diolaser Mexico SA de CV in Mexico.  The
company also has an affiliate in Asia through Diomed Hong Kong.

The company and its affiliate, Diomed Inc., filed for Chapter 11
protection on March 14, 2008 (Bankr. D. Mass. Case Nos. 08-40750
and 08-40749).  Douglas R. Gooding, Esq., at Choate Hall &
Stewart LLP, is the Debtors local counsel and McGuireWoods LLP
is its general counsel.  Goulston & Storrs P.C. is counsel to
the Official Committee of Unsecured Creditors.  The company's
schedules show total assets of US$19,936,479 and total
liabilities of US$14,743,485.

In connection with the Chapter 11 filings, Diomed Ltd. filed for
Administration under the laws of the United Kingdom in the
Cambridge County Court.  Steven Mark Law of Ensors was named as
administrator.


DIOMED HOLDINGS: Massachusetts Court Approves AngioDynamics Deal
----------------------------------------------------------------
The United States Bankruptcy Court for the District of
Massachusetts, Western Division, approved AngioDynamics, Inc.'s
purchase of certain United States assets of Diomed Holdings and
its wholly owned subsidiary, Diomed, Inc.

The sale conditions are set forth in a definitive asset purchase
agreement, whereby AngioDynamics has agreed to pay US$8 million
in cash for the United States assets and US$3 million in cash
for certain United Kingdom Assets of Diomed Limited.  The final
purchase price will be subject to adjustment for changes in
working capital at the closing date.  AngioDynamics expects to
simultaneously close the purchase of both the United States and
United Kingdom assets by June 16, 2008.

"The acquisition of Diomed's United States and United Kingdom
assets will greatly strengthen our worldwide presence in the
high-growth market to treat varicose veins," said Eamonn Hobbs,
President and CEO of AngioDynamics.  "The acquisition, combined
with the recent settlement with VNUS Medical that provides us
with a license to certain patents for use in endovenous laser
therapy, enhances our ability to provide physicians with
innovative technologies for superior patient care.  We believe
Diomed's endovenous laser products will be an excellent
complement to our venous product line and once the purchase
closes we will begin to integrate the businesses and expand our
sales organization in both the United States and overseas."

On April 10, 2008, AngioDynamics entered into asset purchase
agreements with Diomed Holdings, Inc., Diomed, Inc., and Diomed
Limited for the acquisition of certain assets of Diomed's
business in the United States and United Kingdom.  The agreement
with Diomed Holdings, Inc. and Diomed, Inc. was subject to an
auction process administered by the bankruptcy court as a result
of Diomed's Chapter 11 bankruptcy proceedings.

Diomed's United States and United Kingdom businesses are engaged
in the sale of systems for the endovenous laser treatment of
varicose veins, and in the 12-month period ending September 30,
2007, Diomed had worldwide sales of US$25.4 million.  The
agreements do not provide for the acquisition of any interest in
Diomed's legal judgment award against Vascular Solutions.

                       About AngioDynamics

AngioDynamics, Inc. -- http://www.angiodynamics.com/-- provides  
innovative medical devices used by interventional radiologists,
surgeons, and other physicians for the minimally invasive
treatment of cancer and peripheral vascular disease.  The
Company's diverse product line includes market-leading
radiofrequency ablation systems, vascular access products,
angiographic products and accessories, dialysis products,
angioplasty products, drainage products, thrombolytic products,
embolization products and venous products.

                      About Diomed Holdings

Based in Andover, Massachussetts, Diomed Holdings Inc. (AMEX:
DIO) -- http://www.evlt.com/and  http://www.diomedinc.com/--   
develops and commercializes minimal and micro-invasive medical
procedures that use its proprietary laser technologies and
disposable products.  Diomed's EVLT(R) laser vein ablation
procedure is used in varicose vein treatments.  Diomed also
provides photodynamic therapy for use in cancer treatments, and
dental and general surgical applications.  Diomed Holdings has
no assets other than its 100% ownership in Diomed Inc., its
operating unit.  Diomed Inc. owns 100% of Diomed Ltd. in the
United Kingdom and Diolaser Mexico SA de CV in Mexico.  The
company also has an affiliate in Asia through Diomed Hong Kong.

The company and its affiliate, Diomed Inc., filed for Chapter 11
protection on March 14, 2008 (Bankr. D. Mass. Case Nos. 08-40750
and 08-40749).  Douglas R. Gooding, Esq., at Choate Hall &
Stewart LLP, is the Debtors local counsel and McGuireWoods LLP
is its general counsel.  Goulston & Storrs P.C. is counsel to
the Official Committee of Unsecured Creditors.  The company's
schedules show total assets of US$19,936,479 and total
liabilities of US$14,743,485.

In connection with the Chapter 11 filings, Diomed Ltd. filed for
Administration under the laws of the United Kingdom in the
Cambridge County Court.  Steven Mark Law of Ensors was named as
administrator.


EOS AIRLINES: Delta Opposes Plan to Auction Equipment & Leases
--------------------------------------------------------------
Delta Air Lines Inc., among other carriers, opposed EOS Airlines
Inc.'s plan to auction certain equipment and leases on its
planes, Reuters reports.

EOS filed for Chapter 11 protection in April 2008, and filed a
petition to auction off its assets.  EOS asked the U.S.
Bankruptcy Court in White Plains, New York, to allow it to
auction its all-business-class airline, The Wall Street Journal
says.

WSJ says EOS also wants to sell leases to its Boeing 757-200
aircraft, customer lists, facilities and federal licenses to
operate the airline.

Delta asserted its ownership with respect to some of EOS'
equipment.  EOS is also a party to maintenance, facilities and
engine lease contracts with Delta, which Delta may object to
being passed onto another party, according to the report.

Based in Staten Island, New York, Eos Airlines Inc. --
http://www.eosairlines.com/-- is a transatlantic airline that
offers flights between New York's John F. Kennedy International
Airport and London's Stansted Airport.  As of April 26, 2008,
Eos operated 31 weekly flights between JFK and Stansted.

The company filed for Chapter 11 protection April 26, 2008
(Bankr. S.D.N.Y. Case No.08-22581).  Stephen D. Lerner, Esq., at
Squire Sanders & Dempsey, LLP, represents the Debtor in its
restructuring efforts.  When the Debtor filed for protection
against it creditors, it listed total assets of US$70,233,455
and total debts of US$34,858,485.


EOS AIRLINES: Files Schedules of Assets and Liabilities
-------------------------------------------------------
Eos Airlines Inc. delivered to the United States Bankruptcy
Court for the Southern District of New York its schedules of
assets and liabilities disclosing:

   Name of Schedule                   Assets      Liabilities
   ----------------                -----------    -----------
   A. Real Property                
   B. Personal Property          US$57,707,999
   C. Property Claimed
      as Exempt
   D. Creditors Holding                              
      Secured Claims
   E. Creditors Holding                           US$870,117
      Unsecured Priority
      Claims
   F. Creditors Holding                           15,539,875
      Unsecured Nonpriority
      Claims
                                   -----------    -----------
      TOTAL                      US$57,707,999  US$16,409,993


Based in Staten Island, New York, Eos Airlines Inc. --
http://www.eosairlines.com/-- is a transatlantic airline that
offers flights between New York's John F. Kennedy International
Airport and London's Stansted Airport.  As of April 26, 2008,
Eos operated 31 weekly flights between JFK and Stansted.

The company filed for Chapter 11 protection April 26, 2008
(Bankr. S.D.N.Y. Case No.08-22581).  Stephen D. Lerner, Esq., at
Squire Sanders & Dempsey, LLP, represents the Debtor in its
restructuring efforts.  When the Debtor filed for protection
against it creditors, it listed total assets of US$70,233,455
and total debts of US$34,858,485.


EOS AIRLINES: Creditors Have Until July 28 to File Claims
---------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of New York
established July 28, 2008 as the deadline for creditors of EOS
Airlines Inc. to file proofs of claim against the Debtor.

The Court also gave government entities that have claims against
EOS Airlines until Oct. 23, 2008 to file their proofs of claim.

Completed proofs of claim must be delivered to:

      EOS Airlines Claims Processing Center
      c/o Kurtzman Carson Consultants LLC
      2335 Alaska Avenue
      El Segundo, CA 90245

           -- or --

      United States Bankruptcy Court, SDNY
      300 Quarropas Street, Room 248
      White Plains, NY 10601

                        About EOS Airlines

Based in Staten Island, New York, Eos Airlines Inc. --
http://www.eosairlines.com/-- is a transatlantic airline that
offers flights between New York's John F. Kennedy International
Airport and London's Stansted Airport.  As of April 26, 2008,
Eos operated 31 weekly flights between JFK and Stansted.

The company filed for Chapter 11 protection April 26, 2008
(Bankr. S.D.N.Y. Case No.08-22581).  Stephen D. Lerner, Esq., at
Squire Sanders & Dempsey, LLP, represents the Debtor in its
restructuring efforts.  When the Debtor filed for protection
against it creditors, it listed total assets of US$70,233,455
and total debts of US$34,858,485.


FEDDERS CORP: Files Chapter 11 Plan & Disclosure Statement
----------------------------------------------------------
Fedders Corp. and its debtor-affiliates delivered to the United
States Bankruptcy Court for the District of Delaware a Joint
Chapter 11 Plan of Liquidation and Disclosure Statement
explaining that Plan.

The Debtors tell the Court that they have received approximately
1121 proofs of claim, totaling US$3,474,296,225, from their
creditors before March 4, 2008.  The Debtors are evaluating the
validity of the claims at present.

The Debtors had asked the Court to extend the exclusive periods
to file a Chapter 11 plan until June 14, 2008.

                      Overview of the Plan

The Plan contemplates for the liquidation of all of the
Debtors' asset -- including net of certain fees and expenses --
and distribution of the proceeds to holders of allowed claims.

The Debtors remind the Court that they have divested several
assets of their affiliates, including:

   a) Eubank Coil Company sold to National Oil Company, United
      Refrigeration Inc. and Tersco Property Management Limited
      for US$2,340,000;

   b) Fedders Islandaire Inc. sold to Robert E. Hansen, Jr., for
      US$7,900,000;

   c) Fedders Addison Company Inc. sold to RG Adding LLC for
      US$14,400,000;

   d) Fedders North America Inc. and Emerson Quiet Kool
      Corporation sold to Elco Holdings Ltd. for US$13,250,000;
      and

   e) Indoor Air Quality business and stock of Trion GmbH sold
      to Tomkins Industries Inc. for US$25,000,000.

On Oct. 5, 2007, the Debtors obtained up to US$33 million in
debtor-possession financing from Goldman Sachs Credit Partners
under a revolving credit facility.  The facility will mature on
July 31, 2008.  The proceeds of the loan will be used to (i)
refinance in full all indebtedness under the revolving facility;
(ii) fund postpetition operating expenses incurred in the
ordinary course of business; (iii) pay fees and expenses
associated with the facility; and (iv) provide working capital.

The Joint Plan classified claims against and interests in the
Debtors in five classes.  The classification of treatment of
claims and interests are:

                Treatment of Claims and Interests

                  Type of                           Estimated
   Class          Claim               Treatment     Recovery
   -----          -------             ---------     ---------
   unclassified   administrative      unimpaired    100%
                   expense claims

   unclassified   priority tax        unimpaired    100%
                   claims

   1A-Q           priority non-       unimpaired    100%
                   tax claims

   2A-Q           term lenders        impaired      55.9%
                   claims

   3A-Q           other secured       impaired      100%
                   claims

   4A-Q           general unsecured   impaired      TBD
                   claims

   5A-Q           equity securities   impaired      cancelled

Each of recovery amounts for classes 2A-Q, 3A-Q and 4A-Q are
estimates.  The actual recovery amounts will be used on a number
of consideration stated in the Plan, which cannot be determined
at present.  Recovery depends primarily on recoveries under a
lawsuit and avoidance actions.  These classes are entitled to
vote to accept or reject the Plan.

Holders of Class 2A-Q Term Lender Claims will be secured by a
duly perfected first priority lien on all of the property and
assets of the Debtors' estate, other than the unencumbered
assets allocation amount and the general unsecured claim
liquidating trust assets.

On the Plan's effective date:

   -- all of the Term Lenders liquidating trust asset will be
      transfered to the Term Lenders liquidating trust;

   -- beneficial interest in the Term Lenders liquidating trust
      will be distributed to the Term Lenders; and

   -- Term Lenders will be released from any and all claims,
      liabilities and causes of actions of the Debtors.

Holders of Class 3A-Q Other Secured Claims will receive, among
other things, the amount of the proceeds from the sale of any
collateral securing their claim.  A portion of the allowed
secured claim will treated as an unsecured deficiency claim in
class 4 if the amount of the claim exceeds the value of the
collateral securing the claim.

Holders of Class 4A-Q General Unsecured Claims are entitled to
receive their pro rata share of the beneficial interests in the
GUC liquidating trust.

Holders of Class 5A-Q Equity Securities will not receive or
retain any property from the Debtors.

A full-text copy of the Disclosure Statement is available for
free at http://ResearchArchives.com/t/s?2db2

A full-text copy of the Joint Chapter 11 Plan of Liquidation is
available for free at http://ResearchArchives.com/t/s?2db3

                   About Fedders Corporation

Based in Liberty Corner, New Jersey, Fedders Corporation --
http://www.fedders.com/-- manufactures and markets air
treatment products, including air conditioners, air cleaners,
dehumidifiers, and humidifiers.

The company and several affiliates filed for Chapter 11
protection on Aug. 22, 2007, (Bankr. D. Del. Lead Case No. 07-
11182).  The law firm of Cole, Schotz, Meisel, Forman & Leonard
P.A.; and Norman L. Pernick, Esq., Irving E. Walker, Esq., and
Adam H. Isenberg, Esq., at Saul Ewing LLP, represent the Debtors
in their restructuring efforts.  The Debtors have selected Logan
& Company Inc. as claims and noticing agent.  The Official
Committee of Unsecured Creditors is represented by Brown Rudnick
Berlack Israels LLP.  When the Debtors filed for protection from
its creditors, it listed total assets of US$186,300,000 and
total debts of US$322,000,000.

The Debtors' non-North American subsidiaries, which include
operations in China, India, the Philippines, Germany, and the
United Kingdom, were not included in the filing.


FEDDERS CORP: Disclosure Statement Hearing Set for July 8
---------------------------------------------------------
The United States Bankruptcy Court for the District of Delaware
has set a hearing on July 8, 2008, at 11:00 a.m., to consider
the adequacy of the Disclosure Statement explaining the Joint
Chapter 11 Plan of Liquidation filed by Fedders Corp. and its
debtor-affiliates.

The hearing will take place in Courtroom #1 at 824 Market
Street,  6th floor in Wilmington, Delaware.

Objections, if any are due July 1, 2008.

Based in Liberty Corner, New Jersey, Fedders Corporation --
http://www.fedders.com/-- manufactures and markets air
treatment products, including air conditioners, air cleaners,
dehumidifiers, and humidifiers.

The company and several affiliates filed for Chapter 11
protection on Aug. 22, 2007, (Bankr. D. Del. Lead Case No. 07-
11182).  The law firm of Cole, Schotz, Meisel, Forman & Leonard
P.A.; and Norman L. Pernick, Esq., Irving E. Walker, Esq., and
Adam H. Isenberg, Esq., at Saul Ewing LLP, represent the Debtors
in their restructuring efforts.  The Debtors have selected Logan
& Company Inc. as claims and noticing agent.  The Official
Committee of Unsecured Creditors is represented by Brown Rudnick
Berlack Israels LLP.  When the Debtors filed for protection from
its creditors, it listed total assets of US$186,300,000 and
total debts of US$322,000,000.

The Debtors' non-North American subsidiaries, which include
operations in China, India, the Philippines, Germany, and the
United Kingdom, were not included in the filing.


FEDDERS CORP: Incurs US$5.73 Million Net Loss in March 2008
-----------------------------------------------------------
Fedders Corporation and its debtor-affiliates submitted their
monthly operating report for the period ended March 31, 2008.

The Debtors generated consolidated gross sales of US$2,287,000
and incurred consolidated net loss of US$5,730,000 for the
month.

As of March 31, 2008, the Debtors' consolidated balance sheet
showed total assets of US$108,280,000, total liabilities of
US$318,982,000, and total stockholders' deficit of
US$210,702,000.

A full-text copy of the Debtors' March 2008 monthly operating
report is available for free at:

              http://ResearchArchives.com/t/s?2d70

Based in Liberty Corner, New Jersey, Fedders Corporation --
http://www.fedders.com/-- manufactures and markets air
treatment products, including air conditioners, air cleaners,
dehumidifiers, and humidifiers.

The company and several affiliates filed for Chapter 11
protection on Aug. 22, 2007, (Bankr. D. Del. Lead Case No. 07-
11182).  The law firm of Cole, Schotz, Meisel, Forman & Leonard
P.A.; and Norman L. Pernick, Esq., Irving E. Walker, Esq., and
Adam H. Isenberg, Esq., at Saul Ewing LLP, represent the Debtors
in their restructuring efforts.  The Debtors have selected Logan
& Company Inc. as claims and noticing agent.  The Official
Committee of Unsecured Creditors is represented by Brown Rudnick
Berlack Israels LLP.  When the Debtors filed for protection from
its creditors, it listed total assets of US$186,300,000 and
total debts of US$322,000,000.

The Debtors' non-North American subsidiaries, which include
operations in China, India, the Philippines, Germany, and the
United Kingdom, were not included in the filing.


FORD MOTOR: Eyes More Employee Buyouts/Overtime Cutbacks in U.S.
----------------------------------------------------------------
Ford Motor Co. is planning to conduct more employee buyouts and
reduce overtimes at its U.S. plants to further cut costs,
Matthew Dolan and Neal Boudette write for the Wall Street
Journal citing company executives during a meeting with United
Auto Workers representatives

According to people privy with the Ford's plans, WSJ relates,
the company had targeted around 8,000 employees to be bought out
plant-by-plant; with around 4,200 people accepting the buyouts
earlier this year.

Ford, however, did not specify its target for overtime cutbacks,
WSJ says, but additional costs related to excess capacity at
more than half of its plants have pushed company officials to
believe overtime control is paramount.

During the meeting, Ford officials said the company would need
to manufacture lesser trucks and shift production to smaller
vehicles -- in response to rising demand in fuel-efficient cars.

"The world has changed dramatically over the past few months for
our business and our industry," Joe Hinrichs, Ford's
manufacturing chief, was quoted by WSJ as saying.  "We know we
must move swiftly to face those challenges -- and we are."

                        About Ford Motor

Headquartered in Dearborn, Michigan, Ford Motor Co. (NYSE: F)
-- http://www.ford.com/-- manufactures or distributes
automobiles in 200 markets across six continents.  With about
260,000 employees and about 100 plants worldwide, the company's
core and affiliated automotive brands include Ford, Jaguar, Land
Rover, Lincoln, Mercury, Volvo, Aston Martin, and Mazda.  The
company provides financial services through Ford Motor Credit
Company.

The company has operations in Japan in the Asia Pacific region.
In Europe, the company maintains a presence in Sweden, and the
United Kingdom.  The company also distributes its brands in
various Latin American regions, including Argentina and Brazil.

                         *     *     *

As reported in the Troubled Company Reporter-Europe on May 8,
2008, Fitch said that Ford currently has an Issuer Default
Rating of 'B' with a Negative Outlook.  Fitch added that the
rating is expected to remain on negative outlook until a clearer
path toward positive cash flow is established.  Given progress
on its restructuring program and its product profile, Ford may
achieve this during 2008, Fitch related.


GENERAL MOTORS: Western Europe Operations Under Pressure
--------------------------------------------------------
General Motors Corp. is facing pressures at its operations in
Western Europe, John Stoll writes for the Wall Street Journal.  
The unit, the WSJ says, is grappling with soaring production
costs and declining sales.

According to GM Europe President Carl-Peter Forster "the impact
of skyrocketing commodity prices and the huge disparity between
the euro and most other currencies are seriously dragging down
the production side of things here in Europe," the WSJ relates.

Mr. Forster disclosed in a blog post that GM is experiencing
problems with its more mature markets in Europe, including the
United Kingdom, Spain, France and Germany, despite robust growth
in Eastern Europe and other markets, adding "it's clear that the
business in the mature North American and certain European
markets could be dragged down to lows we haven't seen since the
recessionary days of the early 80's," the WSJ reveals.

Chris Preuss, a spokesman for GM, however, stated the automobile
manufacturer has no plans to carry out new restructuring plans
for GM Europe, or production cuts as of yet, the paper notes.

                            About GM

Headquartered in Detroit, Michigan, General Motors Corp. (NYSE:
GM) -- http://www.gm.com/-- was founded in 1908.  GM employs
about 266,000 people around the world and manufactures cars and
trucks in 35 countries.  In 2007, nearly 9.37 million GM cars
and trucks were sold globally under the following brands: Buick,
Cadillac, Chevrolet, GMC, GM Daewoo, Holden, HUMMER, Opel,
Pontiac, Saab, Saturn, Vauxhall and Wuling.  GM's OnStar
subsidiary is the industry leader in vehicle safety, security
and information services.

At March 31, 2008, GM's balance sheet showed total assets of
US$145,741,000,000 and total debts of US$186,784,000,000,
resulting in a stockholders' deficit of US$41,043,000,000.  
Deficit, at Dec. 31, 2007, and March 31, 2007, was
US$37,094,000,000 and US$4,558,000,000, respectively.

                          *     *     *

As related in the Troubled Company Reporter on June 5, 2008,
Standard & Poor's Ratings Services said that its ratings on
General Motors Corp. (B/Negative/B-3) are not immediately
affected by the company's announcement that it will cease
production at four North American truck plants over the next two
years.  These closures are in response to the re-energized shift
in consumer demand away from light trucks.  GM previously said
only one shift was being eliminated at each of the four truck
plants.  Production is being increased at plants producing small
and midsize cars, but the cash contribution margin from these
smaller vehicles is far less than that of light trucks.


GENERAL MOTORS: Discloses New Appointments to Streamline Ops
------------------------------------------------------------
General Motors Corp., on June 12, 2008, disclosed personnel
moves in support of its four retail channels: Chevrolet; Premium
(Cadillac, Hummer, Saab); Buick-Pontiac-GMC; and Saturn.

The moves streamline the organization by combining or
eliminating job functions.  This will help the brands better
deliver world-class products to customers, and build value for
GM and its dealers.

These appointments are effective July 1, 2008; however these
individuals will begin to transition into their new roles
immediately.

Reporting to Ed Peper, North America vice president, Chevrolet
Channel will be:





    * Kim Kosak, general director, advertising and promotions.
      This is essentially a continuation of Kim's current
      responsibilities.

    * Rick Scheidt, executive director, product marketing.
      Rick was previously executive director, Chevrolet product
      development.

    * Kurt McNeil, general sales manager.  Kurt was previously
      regional general manager - South Central Region

Reporting to Mark McNabb, North American vice president, Premium
Channel will be:

    * Steve Hill, general sales manager.  Steve was previously
      regional general manager - North Central Region.

    * Steve Shannon, Jim Taylor, and Martin Walsh will continue
      to report to McNabb as general managers of Saab, Cadillac
      and Hummer respectively.

Reporting to Susan Docherty, North America vice president, BPG
Channel will be:

    * Cheryl Catton, general director, advertising and
      promotions.  Cheryl was previously general director,
      Chevrolet car marketing.

    * Russ Clark, executive director, product marketing.
      Russ was previously executive director, BPG product
      development.

    * Brian Sweeney, general sales manager.  Brian was
      previously general director, BPG retail development.

Reporting to Jill Lajdziak, Saturn General Manager will be:

    * Sterling Wesley, general sales manager.  Sterling was
      previously executive director, Motors Holding Division.

    * Dan Keller, director of advertising and promotions.
      Dan was previously director of marketing, Saturn.

    * Stuart Pierce, director of product marketing.
      Stuart was previously director of brand and product
      development, Saturn.

"This is a natural follow-up to our recent announcement to more
strongly align marketing and field operations into four retail
channels," said Mark LaNeve, GM North American vice president.  
"These new assignments will help each channel meet targeted
customer needs, align closely with our dealer partners, and make
each of our brands stronger with more focused models."


                            About GM

Headquartered in Detroit, Michigan, General Motors Corp. (NYSE:
GM) -- http://www.gm.com/-- was founded in 1908.  GM employs
about 266,000 people around the world and manufactures cars and
trucks in 35 countries.  In 2007, nearly 9.37 million GM cars
and trucks were sold globally under the following brands: Buick,
Cadillac, Chevrolet, GMC, GM Daewoo, Holden, HUMMER, Opel,
Pontiac, Saab, Saturn, Vauxhall and Wuling.  GM's OnStar
subsidiary is the industry leader in vehicle safety, security
and information services.

At March 31, 2008, GM's balance sheet showed total assets of
US$145,741,000,000 and total debts of US$186,784,000,000,
resulting in a stockholders' deficit of US$41,043,000,000.  
Deficit, at Dec. 31, 2007, and March 31, 2007, was
US$37,094,000,000 and US$4,558,000,000, respectively.

                          *     *     *

As related in the Troubled Company Reporter on June 5, 2008,
Standard & Poor's Ratings Services said that its ratings on
General Motors Corp. (B/Negative/B-3) are not immediately
affected by the company's announcement that it will cease
production at four North American truck plants over the next two
years.  These closures are in response to the re-energized shift
in consumer demand away from light trucks.  GM previously said
only one shift was being eliminated at each of the four truck
plants.  Production is being increased at plants producing small
and midsize cars, but the cash contribution margin from these
smaller vehicles is far less than that of light trucks.


HOWARTH & JEPSON: M. C. Bowker Leads Liquidation Procedure
----------------------------------------------------------
M. C. Bowker of Tenon Recovery was appointed liquidator of
Howarth & Jepson Ltd. on May 29 for the creditors' voluntary
winding-up procedure.

The liquidator can be reached at:

         Tenon Recovery
         Clive House
         Clive Street
         Bolton
         BL1 1ET
         England


HUMBERTS GROUP: Administrator Sells Offices to Mercantile Group
---------------------------------------------------------------
Smith & Williamson, administrator for Humberts Group Plc, has
sold in a pre-pack transaction 34 offices and 10 franchisees to
the Mercantile Group (U.K.) Limited for GBP3.1 million, various
reports say.

The Mercantile Group also acquired Humberts' Farleys and
Wellingtons estate agencies, which are on-going concerns and not
in administration.

According to the Telegraph, Humberts' difficulties were due to
the recent slowdown of sales in the housing market.  The Times
relates that Humberts had to sell several of its 80 offices and
write down the value of the assets.

The company's value dropped to around GBP2 million in May 2008
from GBP32 million less than nine months ago, the Telegraph
adds.

"We have tried to minimize the disruption to everyone involved
throughout this difficult process," John McLean, Humberts'
executive chairman, was quoted by the Times as saying.  "Despite
the very difficult conditions I am pleased that we have managed
to secure the greater number of jobs across the Group."

                          About Humberts

Headquartered in London, Humberts Group Plc --
http://www.humbertsgroup.co.uk/-- is a multi-disciplined  
business with integrated capability in the residential, rural,
commercial, land, new homes and professional services sectors.


LYNDALE FOODS: Goes Into Administration; Closes Stores
------------------------------------------------------
Lyndale Foods Group has gone into administration after being hit
by the soaring prices of raw materials and oil, Flexnews
reports.

Flexnews relates Lyndale's Hampsons and Sayers businesses have
been acquired in a management buyout.  

The buyouts, Flexnews discloses, saved 230 jobs at Hampsons's
Bolton bakery, although 40 of the business's stores will close,
which will result to a combined loss of 450 jobs.  The Sayers's
Liverpool factory will also close.

Meanwhile, 180 jobs are at risk at Lyndale's Peter Hunts
business, whose Kearsley bakery near Bolton was shut down.  
Flexnews adds administrator Dermot Power of BDO Stoy Hayward is
currently seeking for a buyer for the business, saying "we are
in negotiations with a couple of parties."

Headquartered in Sale, England, Lyndale Foods Group --
http://www.lyndale.co.uk/-- specializes in producing and  
selling quality savory, sandwich, cake & bread products from our
three bakeries throughout the UK.  The group encompasses three
businesses, supplying UK consumers via its own retail network of
approximately 205 shops, national catering chains, foodservice
businesses, wholesale distributors to the independent retail
sector, and national multiple retailers.  The three businesses
are: Hampsons (Bolton), Sayers (Liverpool) and Peter Hunts
(Bolton).  

Hampsons produces morning rolls, breads, savories, cakes,
sandwiches & pastries for exclusive sale through its own shops,
which are spread throughout Manchester, Cheshire, Lancashire &
Yorkshire.

Sayers produces cakes, morning rolls, breads, savories, cakes,
sandwiches, croissants & pastries for sale through its 104
shops, all of which are under the Sayers brand name, spread
throughout Liverpool, Merseyside, Cheshire, Lancashire & North
Wales.

Peter Hunts specializes in producing meat & non-meat based
savoury products from our ultra modern factory in Bolton.  Hunts
supplies high quality savory pies & pasties to many national
multiple retailers, foodservice businesses and regional
retailers.


MK AIRLINES: Names Administrators from BKL Business Recovery
------------------------------------------------------------
MK Airlines Limited has appointed administrators from BKL
Business Recovery LLP after failing to secure funds to continue
operations, various reports say.

According to MK Airlines, Dow Jones Newswires relates, the
company had been suffering from a difficult economic environment
and high fuel prices.  The company had planned to acquire fuel-
efficient airplanes but was unable to due to lack of funds.  

"For several months, MK Airlines has been in discussion with
several interested parties about potential investments in the
business to refinance and to reposition the airline with more
efficient aircraft," a spokesman for the carrier was quoted by
Kent News as saying

MK Airlines has temporarily suspended services but keeps its
Civil Aviation Authority Airport Operator Certificate, Kents
News adds.  All other operations remains.

Administrators are currently holding rescue talks with
interested parties and MK Airlines management, Dow Jones
Newswires relates.

Headquartered in East Sussex, United Kingdom, MK Airlines Ltd.
-- http://www.mkairlines.com/-- is dedicated cargo airline with  
niche routes into Europe from Africa, China, India and South
America.


RIOT CLUB: Taps Liquidators from Tenon Recovery
-----------------------------------------------
Ian William Kings and Steven Philip Ross of Tenon Recovery were
appointed joint liquidators of Riot Club Ltd. (t/a Four) on
May 29 for the creditors' voluntary winding-up proceeding.

The joint liquidators can be reached at:

         Tenon Recovery
         Tenon House
         Ferryboat Lane
         Sunderland
         Tyne & Wear
         SR5 3JN
         England


TODD'S ESTATE: Claims Filing Period Ends July 4
-----------------------------------------------
Creditors of Todd's Estate Agents Ltd. have until July 4, 2008  
to send their names and addresses and particulars of their
claims to:

         M. C. Bowker and D. A. Willis
         Tenon Recovery
         Lowgate House
         Lowgate
         Hull
         HU1 1EL
         England

M. C. Bowker and D. A. Willis of Tenon Recovery were appointed
joint liquidators of the company on June 2, 2008 for the
creditors' voluntary winding-up proceeding.


YOUNGSTERS LTD: Creditors' Meeting Slated for June 27
-----------------------------------------------------
Creditors of Youngsters Ltd. will meet at 11:00 a.m. on
June 27, 2008, at:

          Youngsters Building
          Lester Way
          Hithercroft Industrial Estate
          Wallingford
          Oxon
          OX10 9TH
          England

Creditors who want to be represented at the meeting may appoint
proxies.  Proxy forms must be submitted together with written
debt claims at noon on June 26, 2008, at:

          D.J. Crawshaw
          Joint Administrative Receiver
          KPMG LLP
          Arlington Business Park
          Theale
          Reading
          RG7 4SD
          England

KPMG LLP -- http://www.kpmg.co.uk/-- offers accounting, audit,  
and tax-related services to customers in such target industries
as banking, media and entertainment, consumer products, health
care providers, insurance, and pharmaceuticals.


* BOND PRICING: For the Week June 9 to June 13, 2008
----------------------------------------------------
Issuer                    Coupon   Maturity   Currency   Price
------                    ------   --------   --------   -----

AUSTRIA
-------
Kommunal Kredit
  Austria AG              0.500    03/15/19     CAD      64.07
                          0.250    10/14/26     CAD      40.15
HTM Sport Freize          8.500    02/01/14     EUR      62.88
Republic of Austria       0.000    10/10/25     EUR      63.42
                          4.000    06/22/22     EUR      68.59
                          
FINLAND
-------
Muni Finance Ltd          1.000    03/19/13     AUD      72.58
Muni Finance PLC          0.500    04/26/13     AUD      69.97
                          1.000    10/30/17     AUD      55.94
                          1.000    02/27/18     AUD      55.24
                          1.000    11/21/16     NZD      61.18
                          0.250    06/28/40     CAD      20.69
                          0.500    09/24/20     CAD      60.12

FRANCE
------
Alcatel S.A.              4.750    01/01/11     EUR      14.79
Altran Technologies S.A.  3.750    01/01/09     EUR      12.57
BNP Paribas               0.250    12/20/14     US$      72.76
Calyon                    6.000    06/18/47     EUR      44.16
CAP Gemini S.A.           2.500    01/01/10     EUR      53.51
                          1.000    01/01/12     EUR      47.29
Club Mediterranee S.A.    3.000    11/01/08     EUR      66.53
                          4.375    11/01/10     EUR      47.86
FCC Rome Alliance
Funding                   2.26     01/08/21     EUR      70.42
Groupe Vial               2.5      01/01/14     EUR      34.86
Havas S.A.                4.000    01/01/09     EUR      10.78
Infogrames
   Entertainment S.A.     1.500    04/01/09     EUR       0.25
Maurel & Prom             3.500    01/01/10     EUR      21.42
Publicis Group            0.750    07/17/08     EUR      28.77
                          1.000    01/18/18     EUR      41.76
Rhodia S.A.               0.500    01/01/14     EUR      35.50
Scor S.A.                 4.125    01/01/10     EUR       2.08
Soc Air France            2.750    04/01/20     EUR      21.58
Theolia S.A.              2.000    01/01/14     EUR      22.00
Valeo                     2.38     01/01/11     EUR      42.39
Vivendi Univers           1.75     10/30/08     EUR      29.39
Wavecom S.A.              1.750    01/01/14     EUR      19.48
Wendel Invest S.A.        2.000    06/19/09     EUR      45.98
                          4.380    08/09/17     EUR      73.53

GERMANY
-------
Callahan NRH             16.000    07/15/10     US$       0.01
Colonia Real EST          1.880    12/07/11     EUR      69.34
Deutsche Schifbk          4.200    01/23/09     EUR      99.36
KfW Bankengruppe          0.500    10/30/13     AUD      67.42
                          0.500    12/19/17     EUR      66.25
                          5.000    05/23/20     EUR      71.99
                          1.250    07/07/20     EUR      73.28
                          1.250    07/29/20     EUR      72.78
                          5.000    07/21/25     EUR      68.15
                          5.000    09/01/25     EUR      70.35
                          5.000    08/10/30     EUR      68.10
Landeskreditbank Baden-
   Wuerttemberg Foerderbk 0.500    05/10/27     CDN      43.79
Landwirtschaftliche
   Rentenbank AG          1.000    03/29/17     NZD      59.76
Westlb AG                 3.350    10/19/26     EUR      74.86

GREECE
------
Fage Dairy Industries     7.500    01/15/15     EUR      64.58
Hellenic Republic         0.990    07/07/24     EUR      61.79
                          0.630    07/13/20     EUR      67.23

ICELAND
-------
Kaupthing Bank            6.500    02/03/45     EUR      50.04
                          7.130    05/19/16     US$      76.16
IRELAND
-------
Banesto Finance Plc       6.120    11/07/37     EUR       6.12
Depfa ACS Bank            0.500    03/03/25     CDN      48.07
                          0.250    07/08/33     CDN      28.23
Irish Nationwide
  Building Society        5.500    01/10/18     GBP      67.85
Irish Perm Plc            2.500    02/15/35     EUR      50.09
Ono Finance II            8.000    05/16/14     EUR      72.07
UT2 Funding Plc           5.320    06/30/16     EUR      73.63

ITALY
-----
Risanamento               1.000    04/17/69     EUR      38.61
Telecom Italia            5.250    03/17/55     EUR      69.67

LUXEMBOURG
----------
Global Yatirim Holding    9.250    07/31/12     US$      74.17
Globus Capital Finance SA 8.500    03/05/12     US$      74.53
IT Holding Fin            9.880    11/15/12     EUR      70.03
Nell AF S.A.              8.380    08/15/15     EUR      67.42
                          8.380    08/15/15     US$      67.74

NETHERLANDS
-----------
ABN Amo Bank B.V.         6.000    03/16/35     EUR      64.38
Air Berlin Finance B.V.   1.500    04/11/27     EUR      56.37
BK Ned Gemeenten          0.500    06/27/18     CDN      66.54
                          0.500    02/24/25     CDN      48.11
BLT Finance BV            7.500    04/17/74     US$      70.53
Bulgaria Steel           12.000    05/04/13     EUR      66.50
EM.TV Finance B.V.        5.250    05/08/13     EUR       4.19
Hypo Real ES Finance      5.500    08/20/08     EUR      47.11
Indah Kiat Intl          11.880    06/15/02     US$      53.00
IVG Finance B.V.          1.750    03/29/17     EUR      64.07
KBC Ifima NV              5.880    02/07/25     US$      72.90
Lehman Bros TSY B.V.      2.890    06/13/17     EUR      69.04
                          2.000    03/18/15     EUR      71.11
                          4.169    02/16/17     EUR      69.27               
           
                          6.000    02/15/35     EUR      51.65
                          2.000    03/16/35     EUR      43.13
                          7.000    05/17/35     EUR      52.08
                          7.250    10/05/35     EUR      40.80
                          6.000    11/02/35     EUR      51.71
Montell Finance B.V.      8.100    03/15/27     US$      64.59
Natl Invester Bank       25.982    05/07/29     EUR      30.78
Ned Waterschapbk          6.000    06/01/35     EUR      65.19
                          6.500    08/15/35     EUR      62.50
                          6.000    06/30/45     EUR      59.30
Portugal Tel Fin          4.500    06/16/25     EUR      71.82
Rabobank Groep N.V.       2.500    02/22/35     EUR      62.45
                          5.000    02/28/35     EUR      61.12
                          2.000    03/23/35     EUR      58.34
                          6.000    05/09/35     EUR      65.91
                          0.440    04/08/20     EUR      71.52
Tjiwi Kimia Finance BV    13.25    08/01/01     US$       0.44

NORWAY
------

Eksportfinans            13.000    02/25/09     US$      69.25
Kommunalbanken A.S.       0.500    02/07/13     AUD      70.92
Norske Skogindustrier ASA 7.000    06/26/17     EUR      62.97

SWEDEN
------
AB Svensk Export          0.500    03/27/13     AUD      70.34
Swedish Exp Cred          1.000    03/27/13     NZD      74.42
                         10.500    09/30/15     TRY      71.00

UNITED KINGDOM
--------------
Allianc&Leic Bld          5.880    08/14/31     GBP      73.15
                          5.250    03/06/23     GBP      75.71
Anglian Water
   Finance Plc            2.400     04/20/35    GBP      49.83
Aspire Defence            4.670     03/31/40    GBP      74.26
                          4.670     03/31/40    GBP      74.06
Bradford&Bin BLD          5.750     12/12/22    GBP      74.63
                          6.630     06/16/23    GBP      74.23
Britannia Building
   Society                5.875     03/28/33    GBP      68.93
                          5.750     12/02/24    GBP      72.99
F&C Asset Management plc  6.750     12/20/26    GBP      69.51
Grainer Plc               3.630     05/17/14    GBP      64.63
HBOS Plc                  4.500     03/18/30    EUR      72.14
HSBC Bank Plc             3.650     05/18/15    EUR      89.00
Ineos Group Holdings Plc  7.880     02/15/16    EUR      67.29
                          7.880     02/15/16    EUR      66.92
                          8.500     02/15/16    US$      73.37
Jaztel Plc                5.000     04/29/10    EUR      69.20
National Grid Gas Plc     1.754     10/17/36    GBP      40.91
                          1.771     03/30/37    GBP      40.91
ONO Finance PLC          10.500     05/15/14    EUR      74.92
Royal BK Scotland         9.500     04/04/25    US$      66.08
                          2.780     06/29/30    EUR      47.15
Slough Estates plc        5.750     06/20/35    GBP      77.11
Taylor Woodrow            6.380     05/24/19    GBP      73.75
Wessex Water Fin          1.369     07/31/57    GBP      21.77

  
                            *********

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
US$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
Thursday's edition of the TCR. Submissions about insolvency-
related conferences are encouraged.  Send announcements to
conferences@bankrupt.com

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/booksto order any title today.

                            *********


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 -- Europe is a daily newsletter co-
published by Bankruptcy Creditors' Service, Inc., Fairless
Hills, Pennsylvania, USA, and Beard Group, Inc., Frederick,
Maryland USA.  Jason Nieva, Julybien Atadero, Carmel Zamesa
Paderog, Joy Agravante, Zora Jayda Zerrudo Sala, and Pius Xerxes
Tovilla, Editors.

Copyright 2008.  All rights reserved.  ISSN 1529-2754.

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 Europe subscription rate is US$625 per half-year,
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 US$25 each. For subscription
information, contact Christopher Beard at 240/629-3300.


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