Axiom Exergy Inc. Richmond, CA

• Axiom provided a platform called Axiom Cloud that enabled read-write communication with grocery store refrigeration control systems.

• A sale package was prepared and interested parties solicited for offers.

• The business operated for 30 days pending a sale of the assets including software code, contracts, trademarks and patents for $100,000.

• The Assignee worked with the SBA lender on PPP loan and claim in the ABC estate.

Marvegos Fine Art School, Inc. Hayward, CA

• Marvegos was an arts school teaching fine arts to children.

• The Assignee worked directly with the SBA on the sale of assets including website, customer list, videos and graphics.

Foldimate, Inc.

• Foldimate had developed a robotic laundry folding device that is slightly larger than a standard washing machine. According to the developers, it can fold a full wash in less than four minutes. The user clips the piece of clothing on two hooks and the item is pulled into the machine. Then a series of rollers and arms moves in all directions to straighten and fold it. A prototype of the device had been developed which was in the testing stage.

• The Assignee marketed and sold the assets including trademarks and patents, domain name, URL, website for Foldimate, the prototype device, and marketing materials to  a large home and appliance company.

• The allowed priority deposit claim creditors were paid in full while the first and final distribution to general unsecured creditors was 46.98%.

Soil Stabilization Products Company, Inc. Merced, California; Lathrop Yard, Lathrop, California

• Soil Stabilization provided innovative and sustainable product technologies covering a broad range of applications, starting with the Natural PAVE XL Resin Pavement products which provide aesthetic and environmentally friendly alternatives to hot mix asphalt materials.

• The Assignee prepared a sale package and marketed the assets to more than 25 potential purchasers with several completing NDAs and expressing interest. 

• Unfortunately, an offer did not materialize and the equipment assets were sold through auction and the Natural Pave product was sold to a third party.

Traction Labs, Inc. San Francisco, California

• Traction was a digital marketing marketplace and an Advanced Content distribution technology company.

• Uecker & Associates, Inc. was engaged as Assignee to wind down the Company and administer the claims process.

Giga Omni Media San Francisco, California

• Giga was a blog related media company located in San Francisco, California. The blog offered news analysis and opinions on startups, merging technologies and other technology related topics.

• There were two secured creditors who foreclosed on their collateral and have not been paid in full to date.

• The Assignee will be completing the tax returns and dissolution of the Delaware Company.

Clovershield, Inc. San Diego, California

• Clovershield, dba Herbalizer, is a company responsible for creating the Herbalizer Smart Vape. The Herbalizer was engineered to simplify and improve the perception of vaporization.

• The patents, trademarks and miscellaneous equipment and contacts were sold and assigned.

Rainbow Chefs San Mateo, California

• Rainbow Chefs was an educational consulting firm.

• The intellectual property, including trademarks, service marks and logos were sold along with customer lists and contracts and website and domain names.

Viking Trading Company dba Unicorn Books and Crafts Petaluma, California

• The business inventory, fixed assets along with website and toll free telephone number were sold.

• Additionally, significant accounts receivable were billed and collected.

• The office and equipment lease(s) were assumed by the buyer.

Sorbent Therapeutics, Inc. Sunnyvale, California

• Sorbent Therapeutics, Inc. was a biopharmaceutical company developing therapies for cardiovascular and renal diseases.

• The most recent 3rd Quarter 2014 STEPWISE clinical study results did not produce the anticipated results and the Company engaged Uecker & Associates, Inc. as Assignee. 

• We retained patent counsel to prepare a patent review and summary.  The IP patents were sold for $425,000.

Ode Magazine USA, Inc. San Francisco, California

• Ode Magazine specialized in “the online community for intelligent optimists”.

• The Assignee had a business valuation opinion report completed in order to value the Ode assets.

• The sale of the Ode assets was completed in February 2012 for $900,000.00 of which the majority was assumed subscription liabilities.

IGoodmail Systems, Mountain View, California

• Goodmail Systems, Inc. assets included intellectual property that the Assignee packaged for sale.

• The patents, trademarks, domain names and source codes were sold over a period of time.

• Additionally accounts receivable were collected.

• Unsecured creditors were paid in full with interest.

Contractors Wire & Cable Livermore, California 

• Assignee for Contractors Wire & Cable (CWC) with corporate offices in Livermore, California and warehouse locations in Texas, Georgia and Southern California.

• The Assignee engaged a liquidator to assist with the sale of the wire, hardware, warehouse racking and vehicles.

• The secured lender has been paid approximately $560,000 of its secured debt.

• The accounts receivable collection continues.

Point & Ship Software, Inc. Walnut Creek, California

• Point & Ship offered Full Service Shipping Expense Management Software™ (SEMS™) that gives businesses unrivaled control over their shipping, tracking, billing and reporting capabilities.

• The Assignee sold the assets to a third party purchaser for $1.8 million.

• There is extensive tax work required and preference review.

Exopolis Los Angeles, California / New York, New York

• Exopolis, an integrated creative studio with web, broadcast, mobile experimental and print capabilities, effected an Assignment for the Benefit of Creditors in March 2010. 

• The Assignee negotiated an asset sale for $1.2 million with a third party buyer which retired the secured debt and provided for potential earn-out(s) which may be available for unsecured debt.

Helpstream, Inc. Mountain View, California

• The Assignee transitioned “Business Continuity Agreement” services, including non-exclusive licenses, to ten existing customers for a fee before terminating online services. 

• The intellectual property included software and service products, object and source code, copy rights and patents and were sold with the secured creditor paid down from the proceeds of sale.

MolliCoolz, LLC Stockton, California

• MolliCoolz, LLC specialized as an innovator in cryogenically frozen ice cream and frozen desserts with a production facility located in Stockton, California. They use patented technology to produce small beads of frozen ice cream, fruit juice, yogurt and sherbet that is free flowing at normal ice cream temperatures.

• A sale was negotiated for inventory, equipment, trademarks, intellectual property, general intangibles, and domain names to Dole Packaged Foods, LLC.

Interpacific Sales Co., Inc. Citrus Heights, California

• Assignee of a U.S. Subsidiary, ISC, a leading distributor of wooden doors and joinery products.

• Assignee handled creditor notification, claims review, accounts receivable negotiation and closure of the U.S. office.

Cuil, Inc. Menlo Park, California

• Cuil, Inc. was a search engine company located in Menlo Park, California.

• The intellectual property included source code along with patent applications pending and trademarks.

• The Assignee negotiated with several parties and sold the IP for $3.5 million to the highest bidder.

Amersham, Inc. Louisville, Colorado

• Assignee of merged Intrex Global Solutions Corp. and Amersham, Inc.

• The company assets were sold in April 2010 with the Assignee engaged to monitor the sale earn-out for calendar years 2011, 2012 and 2013.

• There is additional work for tax reporting and secured creditor distribution(s) each year.

Sessions, Inc. Scotts Valley, California

• Sessions was a recognized international brand of snowboard and action sports apparel. The company designed, merchandized and distributed high performance snowboard outerwear, accessories and select street wear for “youth driven” sports.

• The assets were sold and included inventory, trademarks, service marks, brands, copyrights, patent and any other intangible assets both domestic and international  owned  by Sessions.

• The secured creditor was paid in full. A valuation of the assets was completed for the Assignee.

Adiri, Inc. Palo Alto, California

• Assignee for baby bottle company with unique patent and trademark rights.

• The intellectual property sale was negotiated and closed in March 2010 at $1,437,500.00.

MK Entities Oakland, California

• The Michelle Kauffmann entities include MK Designs, MK Elements, MK Constructs and MK Homes. These entities reflected a full service architectural firm specializing in sustainable, innovative and high quality design using modular technology to create eco-friendly pre-designed homes.

• The Assignee marketed and sold the assets including the CAD and production drawings, design materials, mechanical and structural engineering information for modular homes for $150,000.00.

Gene Ed, Inc. San Francisco, California

• Gene Ed, Inc. developed and delivered e-learning solutions for life sciences organizations.

• The intellectual property assets which included online courseware, user interface and viewing engine software, source code and learning objects, learning management system, distribution agreements, URL domain name and SSL certificates were marketed and sold for $200,000.00 to a third party purchaser.

Kitchenworks, Inc. San Rafael, California

• Assignee of a construction/kitchen refacing company.

• Assignee handling creditor notification and preservation of tax refunds until determination of priority interest therein as between the Internal Revenue Service and secured creditor claims.

Just Countertops, Inc. San Rafael, California

• Assignee of a construction/countertop replacement company.

• Assignee handled creditor notification and claims review.

Ortem Krow aka Work Metro San Jose, California

• This Company was a market leader in the local online recruitment market place. Through job sites, job fairs and technology along with a strong advertising presence, they connected local employers with job seekers.

• The assets were sold prior to the Assignment for the Benefit of Creditors with numerous liabilities assumed by the buyer.

• The Assignee monitored the closing provisions that allowed for funds to become available to general unsecured creditors due to the subordination of secured debt.

• General unsecured creditors were paid in full.

Noisivym, Inc. fka My Vision One, Inc. San Francisco, California

• Assignee for developing online media company. 

• Assignee handling creditor notification, claims review and distribution of 15% to general unsecured creditors.

Next Medium, Inc. Los Angeles/Mountain View, California

• Assignee for company offering management system regarding product placement in entertainment content. 

• Assignee handling creditor notification and claims review.

Conformia Software, Inc Sunnyvale, California

• Conformia Software, Inc. was a leading developer of enterprise product and process lifecycle management software solutions for highly regulated process industries such as drug development and technology transfer to commercial manufacturing with the life sciences industry.

• After extensive due diligence, the intellectual property, which included patents, trademarks, domain name and software, was sold for close to $1 million to a Fortune 500 company.

Active Reasoning San Mateo, California

• Active Reasoning assets included intellectual property of value.

• The IP was marketed and sold for $2 million to a Fortune 500 company with payment in full to the secured creditor with net proceeds available for unsecured creditors.

• The remaining equipment assets were liquidated for the benefit of the creditors.

Elemental Securities, Inc. San Mateo, California

• The intellectual property of Elemental Securities, Inc., including source code and documentation, policy templates, patents, trademarks and logos, domain name and customer contacts, was sold along with the building equipment and demonstration equipment for $100,000.

• A non-exclusive IP license was also sold by the Assignee.

• A distribution of $.94 on the $1.00 was issued to unsecured creditors.

M.A. Lindquist, Inc. Oakland, California

• M.A. Lindquist was a construction contractor company located in Oakland, California. Operations were discontinued prior to the Assignment.

• The Assignee attempted to collect accounts receivable, monitored pending litigation and reviewed and analyzed sub-contractors claims.

Independent Press Association San Francisco, California

• IPA was established as the premier trade association of the U.S. independent magazine industry. The non-profit had two locations with the main office in San Francisco and the other office in New York City. 

• The assets of the New York City office and assumption of liabilities was completed by the Assignee in January 2006.

• Assets of the San Francisco office were liquidated to cash value for the creditors.

Westt, Inc. Menlo Park, California

• Westt, Inc. was a contract designer and manufacturer of electro-mechanical products for OEMS. Customers who moved to the outsource mode, requested Westt to provide total manufacturing solutions that included design, turn-key production and end customer support. Customers included KLA-Tencor and Applied Materials.

• Liquidation of assets, collection of significant accounts receivable and 100% payment to secured creditor.

Tapwave, Inc. Mountain View, California

• Tapwave was a company with a  portfolio of innovative, media-centric products that combined the power and function of advanced handheld computing with console quality experience. The Zodiac, a multi-media handheld device, was one of the more well-known and highly praised products.

• The Assignee sold the intellectual property, technology, patents, trademarks and domain names as well as the inventory, primarily Zodiac units and accessories, for $500,000.

Grand Central Communications, Inc. San Francisco, California

• Grand Central had technology that included the software products of Swivel, Business Network Services (BSN) and Blue Spark. 

• Assignee operated the business and maintained the customer contracts until a sale of assets was completed.

• The purchaser assumed debt, converted unsecured debt to equity (subordinating to remaining unsecureds), and paid cash for a total estimated value of $1 million dollars.

Hayes, Orly & Cundall, Inc.Sausalito, California

• Assignee for an advertising firm.

• Liquidation of FF&E and collection of accounts receivable.

Powernetix San Jose, California

• PowerNetix was an Internet Data Logistic Centre and Exchange. PowerNet Internet Exchange provided companies with high-availability connections to the Internet, dedicated connections, facilities management solution, Managed IP Transit services, Virtual Private Networking (VPN), video streaming facilities, data warehousing solutions, IP peering connections and virtual IP platform.

• Liquidation of intellectual property and technology, company or trade name/brand marks (trade and service)/ domain name and e-mail address and materials inventory. 

• Additional sale of non-exclusive license to Unibond Technology.

Open Harbor San Carlos, California

• Open Harbor provided global trade management solutions, which brought visibility and control to international transactions. They helped companies gain a competitive edge by automating their trade operations ensuring end-to-end efficiency of the supply chain and compliance with government regulations. The services, delivered on a state-of-the-art hosted platform, meet all of the demands of sourcing and selling around the world.

• The Assignee operated the business to ensure the transferability of significant customer contracts to the successful purchaser.

• The assets were sold for $1,154,000.

Black Pearl, Inc. San Francisco, California

• Black Pearl, Inc. was engaged in the business of developing enterprise software solutions that proactively identify and prioritize hidden revenue opportunities and business risks, delivering actionable advise to the point of the decision eliminating costly manual processes.

• The company had ceased operations prior to the Assignment.

• The Assignee sold the intellectual property for $200,000 and liquidated the remaining personal property assets.

Ekona Architecture and Planning San Francisco, California

• Assignee for an architecture firm that specialized in the design of Greek Orthodox churches, community centers and public service buildings in the United States and Canada.

• Negotiation of sale of fixed assets and assignment of contracts.

• Attempted collection of more than $500,000 in accounts receivable.

ITN Satellite Services, Inc. San Francisco, California

• Assignee for company founded in 1986 for one of the largest independent full service providers specializing in the organization, capture and distribution of content from its in-house facilities or from its network of remote locations through its fully operational technical infra-structure for broadcast quality transmission.

• Sale of majority of assets to a third party purchaser with assumption of secured leases and other debt obligations.

Innovics Wireless Los Angeles, California

• Innovics Wireless is the first company to offer system-on-a-chip and IP diversity processing solutions for baseband processing in mobile terminals.

• Liquidation of intellectual property, test equipment and FF&E.

Avitom, Inc. Danville, California

• Avitom, Inc. fka Motiva, Inc., a provider of global enterprise incentive management (EIM) software and services, enabling companies to create and manage flexible, highly targeted incentive programs

• Liquidation of FF&E and attempted collection of more than $500,000 in accounts receivable.

Symphony Systems Campbell, California

• Assignee for the Benefit of Creditors for provider of equipment productivity management software solutions for  maximizing the productivity of capital equipment by equipment users and equipment manufacturers.

• Sale of assets for $875,000 with office lease and leased equipment assumptions for NEC America, Inc. and Telephone System.

Friends of Photography San Francisco, California

• Assignee for Friends of Photography, a California non-profit public benefit corporation founded by Ansel Adams promoted the growth and visibility of the art of photography for more than thirty years through exhibitions, publications and educational experiences.

• The largest asset of the Friends was the Legacy Collection, 138 photographs by Ansel Adams. It was sold by the Assignee for its appraised value of $1,820,000.

• One hundred percent payment to creditors plus ten percent interest.  Any remaining funds will be contributed to other non-profit originations.

HD Interconnect Technology Azusa, California

• HD Interconnect Technology Corporation was a company that focused on the development, manufacturing, marketing and sales of adhesiveless thin copper laminates (single and double sided with maximum copper thickness less than 10 micro inches) to the Flexible Circuit Industries.  Products were initially comprised of adhesiveless thin Copper and Polyamide films (COP).

• The assets were sold for $400,000 along with an assumption of the leased premises.

• One hundred percent payment to creditors plus ten percent interest and a partial distribution to shareholders.

PGC Systems, Inc. fka Portera Systems Campbell, California

• Assignee for Portera Systems ("Portera") is a California Corporation.

• The largest asset of Portera was the Service Port business, a hosted application sold to customers in the professional services market, mostly consulting companies.  Customers purchased multi-year subscription agreements and were billed quarterly for the use of this application.

• Prior to the Assignment, the Portera name was sold and the Company's name was changed to PGC Systems, Inc.

OpenGrid, Inc. San Jose, California

• Assignee for an electronic solutions provider for wireless transactions, promotions and messaging. Time and location sensitive technology enabled businesses to reach mobile customers with personalized messages.

• Sale of assets within a short period of time.

• Review and complete creditor information as well as work with numerous equipment lessors.

Creditland.com / San Francisco, California

• Assignee for an Internet company that was an e-finance enabler for lenders and consumers. Creditland centralized decision technology for a network of lenders who covered the entire credit spectrum.

• Review and compilation of creditor information.

• Extensive preference actions resulting in $181,325.91 to the estate as of 9/30/02.

ShoppingList.com / San Francisco, California

• Assignee for an Internet company that provided shopping information enabling customers to find local sales.

• Review and compile creditor information.  Negotiate with equipment lessor.

eBalance.com / San Francisco, California

• Assignee for an Internet company that created a data aggregation system. The software was designed to automate the collection and aggregation of financial information for a main account as well as other external accounts such as investment, banking, credit cards, corporate benefits to provide a total financial view of a customer’s portfolio.

• Negotiation of royalty payment on intellectual property.

• Sale of hardware and establishment of creditor listing for disbursement to creditors.

PeopleScape, Inc. / San Jose, California

• Assignee for a provider of electronic search solutions and on-line Human Resource tools for the staffing of mid-level positions in the $75,000 - $150,000 salary range.

• Liquidate assets with royalty payments over time.

• Payments to secured creditor until paid in full. Review and compile creditor information.

Resolution Health Strategies, Inc. San Jose, California

• Assignee for a provider of health care information services that provides pharmaceutical, biotech and devise manufacturers with targeted product promotion and helps organized health care delivery systems such as Blue Shield improve the quality of care they deliver.

• Sale of assets within short period of time such that staff and locations were preserved.  $300,000 cash, release of claims totaling $1.4 million for total consideration of $1.7 million. 

• Review and compile creditor information.

Work Exchange Technology / San Jose, California

• Assignee for a technology start-up company providing on-line job bidding.

• Sale of hardware. First and final distribution of $.055483 to general unsecured creditors.

• Review and compile creditor information.

AdForce,Inc. Cupertino, California / Costa Mesa, California

• Assignee for a provider of centralized, outsourced advertising management and delivery services through the Internet. Design of software that enabled publishers and advertisers to schedule and manage campaigns, target customers, forecast ad inventory, deliver ads, and efficiently handle reporting and billing.

• Extensive negotiation for the sale of assets with two purchasers.

• Collection of accounts receivable in excess of  $285,000 which exceeded offers to purchase all the assets.

• Review and compile creditor information as well as work with numerous equipment lessors and landlords at both locations.

Demand Video, Inc. Sunnyvale, California / Santa Monica, California

• Assignee for a development stage company. The company devoted its efforts toward developing the technologies and methodologies to provide video-on-demand services to consumers using bi-directional broadband  networks.

• Liquidation of assets, review and compile creditor information.

• Work with accountants to complete pre-assignment tax work.

LifeChart.com, Inc. Mountain View, California

• Assignee for a provider of a technology platform that improved the effectiveness and efficiency of care management. Developed a technology that employed web applications, portable medical devices and communications to enable connectivity for remote health care management.

• Negotiate the sale of assets with a release of secured debt. The sale was for cash at $100,000 with the buyer assuming accrued salaries, wages, commissions, benefits, sick leave and vacation pay not to exceed $250,000. 

• Buyer also assumed debt to Sitra of $250,000.  Total consideration of $600,000.

• Review and compile creditor information.

Arcom Electronics, Inc. Milpitas, California

• Assignee for a value added reseller of data communications equipment and systems integrator.

• Review and compile creditor information.

• Work with secured creditor until paid in full with balance of accounts receivable available to general unsecured creditors.

• Liquidation of fixed assets by auction.

• Disbursement of 88 cents on the dollar to unsecured creditors.

nConfidence,Inc. (fka Privada, Inc.) Sunnyvale, California

• Assignee for a provider of a complete suite of privacy technology solutions to enable businesses to provide highly personalized but absolutely private services to their customers.

• Work with secured lender on turnover of collateral for disposition.

• A settlement was reached between the two estates and secured creditor which resulted in a disbursement to unsecured creditors of 69% in nConfidence and 62% in Privada.

Printer’s Inc. Bookstore Mountain View, California

• Assignee for a bookstore.

• Negotiate sale of book inventory and fixed assets.

• Established consignment agreement and accounting for used book inventory proceeds.

Skyway Communications, Inc. (dba ePhones) Fremont, California

• Assignee for a company that enables wireless Internet commerce and services providing complete infrastructure and support to power web sites for more that 200 wireless retailers and Internet partners including industry leaders.

• Liquidation of cell phone inventory, accessories and Blackberry products.

Flycode, Inc. San Francisco, California

• Assignee for a peer-to-peer venture with strategic focus on the funding, development and exploitation of a secure on-line video and image distribution technology. Flycode developed and released a beta version of its client software in 2001.

• Sale of patent application.

Promptu Corporation Milpitas, California

• Assignee for a company whose product was a unique content and portal framework that placed the power to publish and distribute information into the hand of business users. It was highly optimized to handle the kind of information exchange typical among marketing and sales channels. 

• Worked with a transition team to allow clients to purchase rights to content developed for their specific needs. The transition was extremely successful.

Laptop Lane Limited Bellevue, Washington

• Assignee for a computer facility company that provided computer access from the following  airports:

  • Denver, Oakland, Cincinnati, Detroit, Phoenix, Portland, Vancouver, Tampa, St. Louis, Orlando, Philadelphia, SFO, Dulles and Washington, D.C.

• Sale of leasehold interests and reduction of remaining lease claims. An approximate 23% distribution to unsecured creditors.

Ion Implant Services Sunnyvale, California / Austin, Texas

• Assignee for market leader of outsource supplier of ion implementation for over 22 years. 

• Sale of majority of assets to a third party purchaser, which included reduction of $2.85 million of secured debt. 

• Review and compilation of creditor information.

Cogit Corporation San Francisco, California

• Provided clients, primarily e-commerce sites, with consumer analysis and e-targeting products.  The company enabled e-marketers to create a unique web environment for each visitor by leveraging anonymous demographic, lifestyle and behavioral profiles.  It created an anonymous visitor profile that allowed web sites to customize products, services and content.

Intanda, Inc. San Francisco, California

• Developed IM Application Server, which enabled messaging clients to interact with existing enterprise web applications.

• Worked with equipment lessor on liquidation of assets for the benefit of general unsecured creditors.

Black Hog, Inc. Sunnyvale, California

• Assignee for a web-based application of a complete system created to make the procurement of custom direct materials in the semi-conductor capital equipment industry simpler and more efficient from a single source for both buyers and suppliers.

BeautyScene.com San Francisco, California

• Assignee of an ebusiness cosmetic retailer.

• Sale of website and all assets to third party purchaser within an extremely limited time frame due to diminishing value of the assets. 

Establishment of creditor listing for disbursement to creditors. Extensive payroll reconciliation work for pre-assignment period to determine tax liability.

PowerBoard, Inc. Richmond, California

• Assignee for a business that created the power-board rebounder fitness products.

• The assignment entailed attempts to collect royalty payments.  No payments were received and the Assignment was terminated.

Greens.com Scottsdale, Arizona / Beaverton, Oregon

• Assignee for a golf reservations Internet company.

• Sale of all assets including website and domain name to third party purchaser for $3.1 million.

• Establishment of creditor listing for disbursement to creditors. An interim distribution of $.05 was issued to general unsecured creditors.  Extensive income, sales and payroll tax preparation.

Personal Choice Medical Group, Inc. San Jose, California

• Assignee for a health maintenance organization (HMO).

• Completion of medical claims processing to establish creditor listing, collection of accounts receivable and disbursement to creditors. Extensive income tax preparation for pre-assignment period to determine tax liability.

Hawaiian Distribution Systems, Inc. (HDS) San Leandro, California / Los Angeles, California / Seattle, Washington

• Assignee for a shipping container company.

• Sale of all assets including leasehold interest in Los Angeles and sale of furniture, fixtures and equipment in San Leandro and Seattle.

• Worked with secured creditor until paid in full with balance of accounts receivable available to general unsecured creditors.

Productopia.com / San Francisco, California

• Assignee for an Internet company that provided product information and advice to consumers and generated revenue through links to online retailers. 

• Liquidate assets, review and compile creditor information. One hundred percent payment to creditors plus ten percent interest and a partial distribution to shareholders.

Fresh Latitudes World Café, Inc. previously known as World Wrapps, Inc. / San Francisco, California

• Assignee for an 18 store “Pacific Rim” type fast food chain with locations throughout Northern and Southern California.

• Sale of assets to a third party purchaser.

• Landlord negotiations, review and compilation of creditor information.

BrainGear,Inc.

• BrainGear was an all natural, liquid supplement created to support brain wellness and cognitive function.

• The Assignee prepared a sale package and marketed the trademarks, patents, domains, bottle mold design and marketing materials. 

• A credit bid was received by the secured creditor. 

Grow Foundry California LLC

• Grow Foundry was an ABC where the majority of assets were sold pre-ABC.

• The Assignee did a review of potential preferences and claims and collected accounts receivable.

Giving Assistant Inc, PBC San Francisco, CA

• Giving Assistant is a "public benefit corporation" ("PBC") founded by Gray in 2011.   

  • A PBC is a for profit corporation that is required to operate in a responsible and  

  • sustainable manner and is intended to produce a public benefit. 

• The Giving Assistant platform helped online shoppers find coupons for retail purchases. Giving Assistant offered users two incentives.  First, customers would receive a portion of Giving Assistant's sales commission as a "cash back" deposit into the users' accounts.  Second, consistent with its PBC status, users could donate the "cash back" deposit to one of the millions of nonprofit organizations listed on the Giving Assistant platform.  Giving Assistant's stated mission was "to make giving back as much a part of shopping as saving money is." 

• The Assignee maintained/operated the business for 30+ days in order to collect accounts receivable and payoff the secured creditor in full.

• The Assignee prepared a sale package for accounts receivable, URL’s, website and trademarks.

• Several parties were interested in the assets and participated in an auction with the results being $2.4 million to the estate.

• The Assignee retained a technical consultant to prepare a PII scrub on information to complete the sale of assets.

• The first and final distribution to allowed general unsecured creditors was made in August 2022 for 100% of each allowed claim plus 10% interest from the date of assignment to date of payment. A shareholder distribution will be issued after the completion of pending litigation.