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/raid1/www/Hosts/bankrupt/TCR_Public/980224.MBX T R O U B L E D C O M P A N Y R E P O R T E R Tuesday, February 24, 1998, Vol. 2, No. 37 Headlines 2CONNECT: Seeks to Reject Management Contracts ABC INTERNATIONAL: Withdraws Motion to Extend Exclusivity ADVANTICA GROUP: Reports Fourth Quarter Loss AL TECH: Seeks to Employ Special Counsel BARRY'S JEWELERS: Extension of Exclusivity Continued BONNEVILLE PACIFIC: Reports January Receipts BUCYRUS INTERNATIONAL: Gellene Trial Set to Begin Today CONTEMPORARY INDUSTRIES: 130 7-Eleven Stores on Sale Block DOW CORNING: Physicians' Committee Expresses Doubt on Plan DOW CORNING: Tort Claimants Nix Second Amended Plan FARM FRESH: Receives Confirmation of Its Plan GATEWAY DATA: Files Chapter 11 Bankruptcy KIA MOTORS: Aims to Lift U.S. Sales with New Dealers MAIDENFORM: Wins Okay To Modify/Assume Union Pacts MANHATTAN BAGEL: Tapping Professionals MARTIN LAWRENCE: Seeks Extension for Objection to Claims MESA AIR: Shuts Down Denver International Airport Hub MIDCOM COMMUNICATIONS: Discom Replies to Debtor's Response MOUNTAIN AIR: Air Wisconsin Gets Approval to Purchase MAX OXFORD HEALTH: CEO to Resign PARAGON TRADE: Judge Defers Order on Kimberly-Clark Stay PEGASUS GOLD: Seeks Time to Assume or Reject Leases RDM SPORTS: Bondholders Respond to Appointment of Trustee RDM SPORTS: Chapter 11 Trustee to Be Named STRATOSHPERE: Equity Commitment is not Enforceable Meetings, Conferences and Seminars ********* 2CONNECT: Seeks to Reject Management Contracts ---------------------------------------------- The debtor, 2 Connect Express, Inc. has filed a motion seeking authorization from the court to reject four employment contracts, including the contracts of the Chief Executive Officer and President, the manager of Financial Planning and Analysis, the Vice President of Store Operations, and the Manager of Training, Store Communications, Policies and Procedures. The contracts are burdensome according to the debtor, and are not necessary for the debtor's effective reorganization. ABC INTERNATIONAL: Withdraws Motion to Extend Exclusivity --------------------------------------------------------- ABC International Traders, Inc., a California corporation withdraws the motion for further extension of debtors' exclusive period to file a plan of reorganization and to obtain acceptance thereof and debtors' motion for further extension of deadline to file a plan of reorganization. The court entered an order dismissing the debtor's bankruptcy case, and the relief requested is no longer necessary. ADVANTICA GROUP: Reports Fourth Quarter Loss -------------------------------------------- Advantica Restaurant Group Inc., which operates the Denny's restaurant chain, said its predecessor company, Flagstar Cos., posted a loss of $32.7 million for the fourth quarter. That compares with a loss of $28.2 million a year earlier. No per-share figures were reported, since Advantica issued new stock after Flagstar emerged from bankruptcy protection late last year. Flagstar's last quarter included special charges of $25.7 million, primarily related to the closure or sale of Quincy's restaurants, some more of which will be disposed of this year. Revenue for the period ended Dec. 31 totaled $620.1 million, down from $661.5 million previously. Advantica said it reached definitive agreement on the previously announced plan for CKE Restaurants Inc., Anaheim, Calif., to purchase its 557-unit Hardee's franchise operation for $381 million in cash, plus assumption of $46 million in liabilities. (Wall Street Journal 23-Feb-1998) AL TECH: Seeks to Employ Special Counsel ---------------------------------------- The debtor, Al Tech Specialty Steel Corporation, is seeking court authorization to employ D. Benjamin Lee & Associates as special counsel to the debtor with regard to the sale of certain properties of the debtor. BARRY'S JEWELERS: Extension of Exclusivity Continued ---------------------------------------------------- A stipulation by and between the debtor, the Official Committee of Unsecured Creditors, the Official Committee of Bondholders, the lenders, and the Unofficial Committee of Equity Holders provides that the court motion requesting extensions of time for filing a plan and securing acceptances therof be postponed. The parties are engaged actively in the negotiation of a consensual plan of reorganization, and are asking that the hearing on the motion be continued for thirty days. BONNEVILLE PACIFIC: Reports January Receipts -------------------------------------------- On February 19, 1998 Bonneville Pacific Corporation filed a Form 8-K with the SEC wherein it reported: For the Period January 1 -January 31, 1998 1. Beginning Cash Balance: $150,463,645.26 2. Cash Receipts: 859,272.57 3. Cash Disbursements: (377,740.24) ---------- 4. Net Cash Flow: 481,532. ---------- 5. Ending Cash Balance: $150,945,177.59 Complete information regarding this filing is available via the Internet at: http://sec.gov/cgi-bin/srch-edgar?BONNEVILLE+and+PACIFIC BUCYRUS INTERNATIONAL: Gellene Trial Set to Begin Today ------------------------------------------------------- John Gellene, a former partner of the New York law firm Milbank, Tweed, Hadley & McCoy is set to go to trial today. The charges: three felony counts of misleading the U.S. bankruptcy court in New York. As previously reported, the prosecution stems from Milbank's simultaneous representation in 1993 and 1994 of Bucyrus International Inc., a Milwaukee-based mining-equipment maker, and financier Mikael Salovaara. Mr. Salovaara's investment funds were creditors in Bucyrus' bankruptcy-law proceedings. (Wall Street Journal 23-Feb-1998) CONTEMPORARY INDUSTRIES: 130 7-Eleven Stores on Sale Block ---------------------------------------------------------- Contemporary Industries Corp has filed a Chapter 11 bankruptcy action to give it time to sell about 130 7- Eleven stores it operates in Nebraska and a number of other states. Contemporary Industries is a subsidiary of Convenience Corporation of America, with headquarters in West Palm Beach, Fla. The court's protection was sought to "provide a focal point and forum for the orderly disposition of the company, which will include a sale of all of its units," said William A. Brandt Jr., whose firm has been hired to handle the sale. Brandt said he wants to have most of the stores sold or in the process of being sold by May 1. Most of the stores are in Nebraska. Others are in Arkansas, Iowa, Kansas, Minnesota, Missouri, Montana, North Dakota, Oklahoma, South Dakota and Wyoming. While the process is under way, Brandt said, all the stores will continue to operate. Bank One of Indianapolis, Ind., the company's original lender, has provided an additional $2.5 million credit line to make sure shelves are stocked and stores stay open, he said. "It is not my intention to close any further stores," said Brandt, whose firm is now running the Omaha company. Brandt is president of Development Specialists Inc. of Chicago, which helped Richman Gordman, an Omaha department store chain, through a Chapter 11 bankruptcy proceeding in 1992 and 1993. Brandt said the bankruptcy action stemmed from plans by Convenience Corp. to convert the stores into co-branding operations; that is, place other brand-name operators in the store. The co-branding plan didn't work, Brandt said, and the stores didn't generate enough money to retire the debt created by the buyout. In a leveraged buyout in 1996, Convenience had acquired Contemporary Industries' licensing rights to more than 150 stores. That included 42 stores in Nebraska and 10 in Iowa. In the last year Contemporary closed 37 stores, and Brandt's firm, which gained national attention for rescuing failing companies in the early 1990s, was called in to analyze the problem. (Omaha World-Herald 20-Feb-1998) DOW CORNING: Physicians' Committee Expresses Doubt on Plan ---------------------------------------------------------- The Official Committee of Physician Creditors has expressed its dismay in the latest iteration of the Dow Corning proposed reorganization plan filed with the court on Feb. 17, 1998. The Official Committee holds the plan as being a non- negotiated resubmission of the earlier discredited plans. The physicians' lead health law attorney, Gregory Binford, stated, "After misleading the physicians about safety and testing, Dow Corning and Dow Chemical continue to defend themselves by attempting to shift responsibility from themselves to the physician community." (Dow Corning Bankruptcy News 21-Feb-1998 Issue No. 54) DOW CORNING: Tort Claimants Nix Second Amended Plan --------------------------------------------------- The Command Trust Network, an information clearinghouse for women with breast implants, issued the following: Almost three years after filing for bankruptcy protection, Dow Corning has proposed yet another inadequate reorganization plan, according to the Tort Claimants' Committee, the official committee representing women with silicone breast implants. The fundamental problem with the plan, according to plaintiffs' attorney Ed Blizzard, is that it does not provide real compensation for the harm caused to these women. "This plan instead offers token payments years down the road," said Blizzard. "Dow Corning is again offering too little too late," said Sybil Niden Goldrich, co-founder of the Command Trust Network, an information clearinghouse for women with silicone breast implants. "I am extremely disappointed that Dow has failed again to provide fair compensation in a timely way for women who have suffered," continued Goldrich. (Dow Corning Bankruptcy News 21-Feb-1998) FARM FRESH: Receives Confirmation of Its Plan --------------------------------------------- Richfood Holdings, Inc. (NYSE: RFH) and Farm Fresh, Inc. announced February 23, 1998 that the U.S. Bankruptcy Court for the District of Delaware has confirmed Farm Fresh's plan of reorganization. A wholly owned subsidiary of Richfood Holdings, Inc. will acquire substantially all of the assets and assume certain liabilities of Farm Fresh under the terms of a previously announced agreement. The Farm Fresh sale to Richfood is expected to close during the first week of March 1998. Richfood Holdings, Inc., headquartered in Richmond, Va., is the largest wholesale food distributor in the Mid-Atlantic operating region. The Company provides a full range of grocery, dairy, frozen food, produce, meat and non-food items to chain and independent retailers throughout the region. The Company also operates a chain of sixteen retail grocery stores in the metropolitan Baltimore area. GATEWAY DATA: Files Chapter 11 Bankruptcy ----------------------------------------- Gateway Data Sciences Corp. announced that it has filed a petition for protection from creditors under Chapter 11 of the U.S. Bankruptcy Code. The filing was made in the U.S. Bankruptcy Court in the District of Arizona in Phoenix. The company said that this action was a result of cash flow problems following the ongoing litigation between the company and a large customer over payments totaling more than $3.8 million due the company under a completed contract and the resulting financial damage that has been caused to the company. KIA MOTORS: Aims to Lift U.S. Sales with New Dealers ---------------------------------------------------- Korean automakers, battered by financial turmoil at home, are striving to reverse their U.S. stigma of low-priced, starter cars by adding dealers and promising new products. While others struggled in the small-car market last month, Fountain Valley-based Hyundai Motor America and Irvine- based Kia Motors of America - the American arms of the two Korean automakers - started 1998 with double-and triple-digit percentage sales gains, respectively. The January results came on top of strong increases at the end of 1997 as the Koreans, taking advantage of the devalued South Korean won, have heaped generous incentives of up to $2,000 on 1997 models. New Kia dealerships are popping up across the country. By the fourth quarter, Kia expects to have 500 dealerships in 48 states, up from about 330 in 32 states now. That will put it on par with rival Hyundai, which has 470 dealerships. Kia may also close in on Hyundai's projected annual sales this year of 110,000. Kia Motors America Chief Operating Officer Greg Warner said sales would be up "substantially." Despite the problems of their parent companies - Kia is in court receivership-the automakers say their product and expansion plans for the United States have not been affected. (Orange County Register 18-Feb-98) MAIDENFORM: Wins Okay To Modify/Assume Union Pacts -------------------------------------------------- The court approved Maidenform's request to modify and assume prepetition bargaining agreements on Feb. 17. The modifications are expected to result in a one-time charge of about $3.5 million. After determining to terminate manufacturing operations in Puerto Rico and close distribution centers in Cortland, N.Y., and Jacksonville, Fla., the intimate apparel maker began extensive bargaining with the Union of Needletrades, Industrial and Textile Employees to resolve disputes arising under the bargaining agreements, which cover 1,646 of Maidenform's 3,100 employees. MANHATTAN BAGEL: Tapping Professionals -------------------------------------- The debtors, Manhattan Bagel Company, Inc., and I. & J. Bagel, Inc., applied for orders approving the employment of Logan & Company, Inc. as agent of the bankruptcy court, Ernst & Young LLP as accountants for the debtor-in- possession, Jeffer, Mangels, Butler & Marmaro LLP as special California litigation counsel for the debtors-in- possession, and for substitution of Buchanan Ingersoll Professional Corporation for Abraham Pressman & Bauer P.C. as special franchise law counsel for the debtor-in- possession. MARTIN LAWRENCE: Seeks Extension for Objection to Claims -------------------------------------------------------- The Estate Representative seeks a further extension until April 30, 1998 for claims for affirmative relief and objections to claims filed against the Debtors' estates. The representative also seeks an extension of the deadline by which holders of allowed unsecured claims in Class 11 must be made to the earliest practicable date following approval by the Court of a schedule of allowed Class 11 claims to be prepared by the representative. MESA AIR: Shuts Down Denver International Airport Hub ----------------------------------------------------- Denver's largest regional airline is preparing to close its hub and lay off up to 450 employees as another ramps up to take its place. Mesa Air Group, a United Airlines Express carrier in Denver since 1990, expects to stop flying from Denver International Airport on April 23, the day after Mesa's contract with United ends, said spokeswoman Sarah Pitcher. Pitcher said she hopes Air Wisconsin or Great Lakes Aviation will hire some laid-off Mesa employees. Air Wisconsin, another United Express carrier at DIA, is hastily working to fill the gap with planes and employees acquired from Mountain Air Express, or MAX. (Rocky Mountain News 21-Feb-1998) MIDCOM COMMUNICATIONS: Discom Replies to Debtor's Response ---------------------------------------------------------- Discom Corporation replied to the debtor's response to Discom's motion for relief from the automatic stay. Discom is seeking an order allowing an arbitration proceeding to proceed to decision. Discom claims that after 14 evidentiary hearings over a span of five months, the only effort that remains to be undertaken in the arbitration is the submission by the parties of proposed findings of fact in conclusions of law. Discom claims it is in the best interests of the estate that its claim of $9,788,633. be promptly liquidated as it will have a significant effect on the overall distribution to unsecured creditors in the case. MOUNTAIN AIR: Air Wisconsin Gets Approval to Purchase MAX --------------------------------------------------------- Bankruptcy Court Judge Sidney Brooks on Friday approved Air Wisconsin's purchase of MAX for $1.5 million, a move he said would save the jobs of 380 MAX employees and keep the planes flying. "I feel great," said MAX Chief Executive Tom McClain, who has struggled to keep the orphaned commuter carrier alive since filing for Chapter 11 bankruptcy Nov. 6. "This was a near-death experience, and now the planes are still flying, all the employees are taken care of and the job security is tremendous," McClain said. "Luck is sometimes better than skill." Air Wisconsin President Geoff Crowley, meanwhile, plans to add six Dornier 328 turboprop planes to MAX's four by June. Air Wisconsin, the only United Express carrier in Denver operating small jets, needs the MAX planes and crews to handle Mesa's routes. Until MAX flies as a United Express carrier beginning April 1, the empty planes are flying only one flight a day, the minimum to maintain its Federal Aviation Administration certificate. Air Wisconsin's 86-passenger BA 146 jets and MAX's 32- passenger Dorniers will handle the larger routes from Denver while another United Express carrier, Great Lakes Aviation, will serve smaller cities with Beech 1900, 19- seat, propeller-powered planes. (Rocky Mountain News 21-Feb-1998) OXFORD HEALTH: CEO to Resign ---------------------------- Stephen F. Wiggins is expected to step down as chairman of Oxford Health Plans Inc., the HMO he founded more than a decade ago. His resignation would come as Oxford is about to reveal it will post a fourth-quarter loss of more than $200 million--well above the $120 million deficit Oxford had forecast just two months ago. His exit is part of a $700 million equity and debt rescue package, arranged with Texas Pacific Group and Kolhberg Kravis Roberts & Co. to be unveiled this week, possibly as early as today, said people familiar with the situation. Under the rescue plan, Mr. Wiggins will remian as a director, but another director will be named interim chairman. In addition, Norman Payson, former chief executive officer of Healthsource Inc., is the leading candidate to be named chief executive officer of Oxford. The CEO search grew more serious in recent weeks after Texas Pacific and KKR, as well as a competing investment group, began negotiating to inject new capital into the company. Terms of the deal, say people familiar with the transaction, would give the investor group a nearly 20% stake in the company for roughly $350 million, with the rest of the package coming as debt. (Wall Street Journal 23-Feb-1998) PARAGON TRADE: Judge Defers Order on Kimberly-Clark Stay -------------------------------------------------------- Judge Margaret H. Murphy deferred a decision on the relief from the automatic stay sought by Kimberly-Clark Corporation. The debtor sought 45 days to allow the newly employed special litigation counsel, as well as the Official Committee of Unsecured Creditors to familiarize themsleves with the Texas action and the U.S. District Court action in Delaware. The court agreed with the debtor and granted counsel time to evaluate debtor's position and formulate a recommended course of action. PEGASUS GOLD: Seeks Time to Assume or Reject Leases --------------------------------------------------- The debtor, Pegasus Gold Corporation, is seeking an order extending the time within which to assume or reject unexpired leases of nonresidential real property. This case involves approximately seventeen different bankrupt entities with business operations throughout the Pacific Northwest, and in some instances worldwide. Debtors are compiling a list of approximately 70-100 contracts, some of which purport to be leases of nonresidential real property and under which debtors are lessee. The debtors are seeking an extension of sixty days to complete the evaluation of the contracts and the benefits to the estate of assumption or rejection of each such lease. RDM SPORTS: Chapter 11 Trustee to Be Named ------------------------------------------ After a hearing yesterday, the court decided to approve the U.S. Trustee's request to appoint a Chapter 11 trustee for RDM. The trustee interviews will take place today with the goal of naming someone to the position either late today or Monday. (Federal Filings 20-Feb-1998) RDM SPORTS: Bondholders Respond to Appointment of Trustee --------------------------------------------------------- The Official Committee of Bondholders appointed in the Chapter 11 cases of RDM Sports Group, Inc., files a Response to the United States Trustee's Emergency Motion to Appoint a Chapter 11 Trustee. The Committee fully supports the relief requested in the motion. The Official Committee of Unsecured Creditors joined in the US Trustee's Emergency Motion to appoint a Chapter 11 Trustee. In support of its position, the Committee stated that a Trustee is necessary to assemble and update the financial records of the debtors and to continue the process of collecting accounts receivable and liquidating other tangible and intangible operating assets of the debtors. STRATOSHPERE: Equity Commitment is not Enforceable -------------------------------------------------- Grand Casinos, Inc. (NYSE: GND) announced February 19, 1998, that the United States Bankruptcy Court in Reno, Nevada has ruled that the March 1995 Standby Equity Commitment between Stratosphere Corporation and Grand Casinos is not enforceable in Stratosphere's Chapter 11 proceeding under applicable bankruptcy laws. In June of 1997, the Official Committee of Noteholders (consisting of certain Stratosphere noteholders and the indenture trustee) in Stratosphere's Chapter 11 proceedings filed a motion seeking Bankruptcy Court approval for the enforcement of the Standby Equity Commitment against Grand Casinos. The Committee sought Bankruptcy Court authorization to compel Grand Casinos to fund up to $60 million in "capital contributions" to Stratosphere over three years, based on the Committee's claim that such "contributions" are required by the Standby Equity Commitment. Grand Casinos opposed the Committee's motion and has consistently stated that the Standby Equity Commitment is not enforceable in the Stratosphere bankruptcy proceeding as a matter of law. The Bankruptcy Court's ruling in favor of Grand Casinos follows the completion of an evidentiary hearing in Reno on February 12, 1998. The Committee has stated that it is likely to appeal the Bankruptcy Court's ruling. Grand Casinos, Inc. has been a publicly traded company since 1991 and is listed on the New York Stock Exchange under the trading symbol GND. The company currently owns and operates the three largest casino hotel resorts in the state of Mississippi, manages two land-based casinos in Louisiana, and manages two casino hotel resorts in Minnesota. Meetings, Conferences and Seminars ---------------------------------- February 19-22, 1998 COMMERICAL LAW LEAGUE OF AMERICA Annual Western District Meeting Universal City Hilton Hotel Los Angeles, California Contact 1-310-470-8487 February 22-25, 1998 NORTON INSTITUTES ON BANKRUPTCY LAW 12th Annual Norton Bankruptcy Litigation Institute I Olympia Park Hotel, Park City, Utah Contact 1-770-535-7722 March 19-20, 1998 TURNAROUND MANAGEMENT ASSOCIATION Spring Leadership Meeting Hotel del Coronado, San Diego, California Contact 1-312-857-7734 March 20, 1998 AMERICAN BANKRUPTCY INSTITUTE Bankruptcy Battleground West Century Plaza Hotel, Los Angeles, California Contact: 1-703-739-0800 March 26-29, 1998 NORTON INSTITUTES ON BANKRUPTCY LAW 10th Annual Norton Bankruptcy Litigation Institute II Flamingo Hilton, Las Vegas, Nevada Contact 1-770-535-7722 April 2-5, 1998 COMMERCIAL LAW LEAGUE OF AMERICA 68th Annual Midwest District Meeting The Westin Hotel, Chicago, Illinois Contact: 1-312-781-2000 April 23-24, 1998 NATIONAL ASSOCIATION OF BANKRUPTCY TRUSTEES 1998 Spring Education Seminar Hawthorne Suites Hotel, Charleston, South Carolina Contact: 1-803-252-5646 April 30-May 3, 1998 AMERICAN BANKRUPTCY INSTITUTE Annual Spring Meeting Grand Hyatt, Washington, D.C. Contact: 1-703-739-0800 May 1-3, 1998 NATIONAL ASSOCIATION OF CONSUMER BANKRUPTCY ATTORNEYS 6th Annual Convention Fountainbleau Hilton Resort, Miami, Florida Contact: 1-703-803-7040 May 22-25, 1998 COMMERICAL LAW LEAGUE OF AMERICA 50th New England District Annual Meeting Ocean Edge Resort & Golf Club Cape Cod, Massachusetts Contact 1-617-720-1355 May 31-June 5, 1998 COMMERICAL LAW LEAGUE OF AMERICA CLLA Credit Institute Marquette University, Milwaukee, Wisconsin Contact 1-312-781-2000 June 3-6, 1998 ASSOCIATION OF INSOLVENCY ACCOUNTANTS Seminar San Francisco, California Contact 1-541-858-1665 June 8-9, 1998 TURNAROUND MANAGEMENT ASSOCIATION Advanced Education Workshop & Legislative Conference Radisson Plaza, Charlotte, North Carolina Contact 1-312-857-7734 June 11-12, 1998 RENAISSANCE AMERICAN CONFERENCES & BEARD GROUP, INC. 1st Annual Conference on Corporate Reorganizations The Palmer House, Chicgo, Illinois Contact 1-903-592-5169 or ram@ballistic.com June 11-14, 1998 AMERICAN BANKRUPTCY INSTITUTE Central States Bankruptcy Workshop Grand Traverse Resort, Traverse City, Michigan Contact: 1-703-739-0800 July 2-5, 1998 NORTON INSTITUTES ON BANKRUPTCY LAW Western Mountains Bankruptcy Law Institute Jackson Lake Lodge, Jackson Hole, Wyoming Contact 1-770-535-7722 July 16-19, 1998 AMERICAN BANKRUPTCY INSTITUTE Northeast Bankruptcy Conference Sea Crest Resort, Falmouth, Massachusetts Contact: 1-703-739-0800 July 24-29, 1998 COMMERICAL LAW LEAGUE OF AMERICA 104th Annual Convention Ritz Carlton, Amelia Island, Florida Contact: 1-312-781-2000 August 6-9-1998 AMERICAN BANKRUPTCY INSTITUTE Southeast Bankruptcy Workshop Daufuskie Island Club & Resort, Hilton Head, South Carolina Contact: 1-703-739-0800 September 9-13, 1998 NATIONAL ASSOCIATION OF BANKRUPTCY TRUSTEES Annual Convention Sheraton El Conquistador, Tuscon, Arizona Contact: 1-803-252-5646 September 17-20, 1998 AMERICAN BANKRUPTCY INSTITUTE Southwest Bankruptcy Conference The Inn at Loretta, Santa Fe, New Mexico Contact: 1-703-739-0800 October 16-20, 1998 TURNAROUND MANAGEMENT ASSOCIATION 1998 Annual Conference The Westin Hotel, Chicago, Illinois Contact 1-312-857-7734 November 30-December 1, 1998 RENAISSANCE AMERICAN CONFERENCES & BEARD GROUP, INC. 5th Annual Conference on Distressed Debt Plaza Hotel, New York, New York Contact 1-903-592-5169 or ram@ballistic.com December 3-5, 1998 AMERICAN BANKRUPTCY INSTITUTE Winter Leadership Conference Westin La Paloma, Tucson, Arizona Contact: 1-703-739-0800 The Meetings, Conferences and Seminars column appears in the TCR each Tuesday. Submissions via e-mail to conferences@bankrupt.com are encouraged. ********* A listing of meetings, conferences and seminars appears each Tuesday. Bond pricing, appearing each Friday, is supplied by DLS Capital Partners, Dallas, Texas. S U B S C R I P T I O N I N F O R M A T I O N Troubled Company Reporter is a daily newsletter, co- published by Bankruptcy Creditors' Service, Inc., Princeton, NJ, and Beard Group, Inc., Washington, DC. Debra Brennan and Lexy Mueller, Editors. Copyright 1998. All rights reserved. This material is copyrighted and any commercial use, resale or publication in any form (including e-mail forwarding, electronic re-mailing and photocopying) is strictly prohibited without prior written permission of the publishers. Information contained herein is obtained from sources believed to be reliable, but is not guaranteed. The TCR subscription rate is $575 for six months delivered via e-mail. Additional e-mail subscriptions for members of the same firm for the term of the initial subscription or balance thereof are $25 each. For subscription information, contact Christopher Beard at 301/951-6400. * * * End of Transmission * * *