Technology

  • Clovershield, Inc.

    San Diego, California
    2015:  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/assigned.


  • Giga Omni Media

    SanFrancisco, California
    2015: Giga was a blog related media company located in San Frncisco, 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.


  • Point & Ship Software

    Walnut Creek, California
    2011: 
    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 tax work required and preference review.


  • Goodmail Systems, Inc.

    Mountain View, California
    2011:  Goodmail Sysems, 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.


  • Cuil, Inc.

    Menlo Park, California
    2010:  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.


  • Mobile Ware, Inc. fka LimeLife

    Menlo Park, California
    Consultant to Board of Directors to assist in wind-down and dissolution of a digital media group.  Engaged to coordinate all activity including sale escrow oversight, liquidation of remaining assets, tax preparation, accounts receiveable collection, negotiation of payables and completion of the dissolution.


  • MolliCoolz, LLC

    Stockton, California
    2010:  MolliCoolz, LL C specialized as an innoator in cryogenically frozen ice cream and frozen desserts with a production facility in Stockton, Califorhia.  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 temperaturs.  A sale was negotiated for inventory, equipment, trademarks, intellectual property, general intangibles, and domain names to Dole Packaged Foods, LLC.


  • Helpstream, Inc.

    Mountain View, California
    2010:  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 codes, copy rights and patents and were sold with the secured creditor paid down from the proceeds of sale.


  • Exopolis

    Los Angeles, California
    New York, New York
    2010:  Exopolis, an integrated creative studio with web, broadcase, 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 which retired the secured debt and provided for potential earn-out(s) which may be available for unsecured debt.


  • Gene Ed, Inc.

    San Francisco, California
    2009:  Gene Ed developed and delivered e-learning solutions for life sciences organizations.  The intellectual property assets which included online course ware, user interface and viewing engine software, source code and learning objects, learning management sytem, distribution agreements, URL domain name and SSL certificates were marketed and sold for $200,000.00 to a third party purchaser.


  • Heller Financial Inc. vs. Imani and Baranriz

    Action No. 108-CV-129721
    Superior Court, County of Santa Clara - Judge William J. Elfving
    2009: Appointed Receiver to facilitate the inspection and testing of the property at 1465 Monterey Highway, San Jose, California by environmental consultants.


  • Conformia Software, Inc

    Sunnyvale, California
    2009: 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.


  • Cooperatech fka Rome Corporation

    San Francisco, California
    Financial Consultant to Board of Directors of a company in the business of developing, marketing and selling credit risk software for the energy commodities industries. Engaged to assist in supervision and completion of the terms of the asset purchase agreement including lease assignments, note payments, earn-out accounting, and escrow provisions. Additional work to terminate 401(k) and FSA accounts, close accounts, and complete tax refund application and sales tax payments.


  • In re: Globalign, Inc.

    Action No. 08-31329DM
    Appointment: Chapter 11 Trustee
    Northern District of California - Judge Dennis Montali
    2008: Chapter 11 Trustee for a technology enabled global services company offering business solutions in global resourcing and recruiting services. The Trustee operated the company for four months with Debtor in Possession funding. Marketed and sold the assets for $600,000 plus assumption of contracts before year end. Completed 2008 tax returns and converted the case to Chapter 7.


  • Ortem Krow aka Work Metro

    San Jose, California
    2008: 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
    2008: 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
    2008: Assignee for company offering management system regarding product placement in entertainment content. Assignee handling creditor notification and claims review.


  • Kenamea, Inc.

    San Francisco/Palo Alto, California
    Financial Consultant to Board of Directors to assist in completion of 401(k) Plan; accounting and tax reconstruction work for two (2) year period; sale of patent for $700,000.00 with collection of earn out and coordination of all activity to dissolve this technology corporation.


  • Active Reasoning

    San Mateo, California
    2007: 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
    2007: 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.


  • Tapwave, Inc.

    Mountain View, California
    2005: 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
    2005: Grand Central had technology that included the software products of Swivel, Business Network Services (BSN) and Blue Spark. The 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.


  • In re: Clarent Corporation

    Action No. 02-33504 TC
    Appointment: Chapter 11 Trustee
    Northern District of California - Judge Thomas E. Carlson
    2003: Chapter 11 Trustee for Clarent Corporation a company in the business of developing software that enables users to receive voice, fax and data over the internet and other internet protocol ("IP") networks. The Trustee reduced claims from approximately $ 43.5 million to $ 19.5 million.
    2004: Uecker & Associates, Inc. as Liquidating Trustee for the Clarent Liquidating Trust
    settled malpractice litigation for $1,250,000, filed an action for return of $1 million retainer to the estate, and settled directors and officers litigation for $14 million plus. The first distribution to unsecured creditors was 91% of allowed claims. The second distribution paid the unsecured creditors in full with interest pending.


  • Flying Packets, Inc. vs. A-S-1, Inc. et al

    Action No. CGC0404311553
    Superior Court, County of San Francisco - Judge James L. Warren
    2004: Receiver appointed to obtain control of the collateral including technology, software, patent applications and all other intellectual property.


  • Powernetix

    San Jose, California
    2004: 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
    2004: 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
    2004: 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.


  • ITN Satellite Services, Inc.

    San Francisco, California
    2003: 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 for $435,000 with assumption of secured leases and other debt obligations in excess of $800,000.


  • Innovics Wireless

    Los Angeles, California
    2003: 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
    2003: 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.


  • General Electrical Capital Corp. vs. Greenleaf Distribution, Inc.

    Action No. 02-039664
    Superior Court, County of Alameda - Judge Ronald Sabraw
    2002:  Receiver appointed to manage, operate or liquidate a computer component company located in Fremont and in City of Industry. The company was liquidated with extensive accounts receivable collection work resulting in collections in excess of $1.5 million.  The receiver was required to respond to discovery and to comply she had to complete an inventory of 900+ boxes of records to create an index.  Sale of assets through private sales and auction with proceeds in excess of $1 million.


  • Jim Khosh vs. Kevin Le; Quickturn Circuit Link, Inc.; Circuit Link, Inc.

    Action No.  CV 805958 and CV 80758
    Superior Court, County of Santa Clara - Judge Joseph Biafore Jr.
    2002: Receiver was appointed to wind up and dissolve QTCLI (Quickturn Circuit Link, Inc.); a manufacturer of high quality bare printed circuit boards with high-speed requirements.  The company was located in the Silicon Valley and served customers worldwide.


  • PGC Systems, Inc. fka Portera Systems

    Campbell, California
    2002: Assignee for Portera Systems ("Portera") is a California Corporation. The largest asset of Portera was the Service Port business. This was 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
    2002: 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
    2001: 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
    2001: 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
    2001: 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
    2001: 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.


  • Work Exchange Technology

    San Jose, California
    2001: 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
    2001: 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
    2001: 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
    2001: 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.


  • nConfidence,Inc. (fka Privada, Inc.)

    Sunnyvale, California
    2001: 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.


  • Skyway Communications, Inc. (dba ePhones)

    Fremont, California
    2001: 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
    2001: 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
    2001: 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
    2001: 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
    2001: 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
    2001: 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
    2001: 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
    2001: 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.


  • Symphony Systems

    Campbell, California
    2002: 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.


  • In re: Uniteq Application Systems, Inc.

    Action No. 00-44898J
    Appointment: Chapter 11 Trustee
    Northern District of California - Judge Edward Jellen
    2000: Uniteq designed, developed and licensed warehouse and labor management software for use in industrial and grocery establishments. Sale and liquidation of software and labor management systems. Extensive accounts receivable work through Chicago office of Uniteq.


  • BeautyScene.com

    San Francisco, California
    2000: Assignee of an ebusiness cosmetic retailer. Sale of website and all assets to third party purchaser for $400,000 plus assumption of leases 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.


  • Sanwa Bank California vs. Canary Technology Services, Inc., et al

    Action No. H209987-3
    Superior Court, County of Alameda - Judge Bonnie Lewman Sabraw
    1999: Analyze and make a determination to liquidate a high technology equipment manufacturer located in Fremont, CA.  Collection of accounts receivable and eventual equipment liquidation value of  $133,000.