ASSIGNMENT FOR THE BENEFIT OF CREDITORS: Matters
  • Rainbow Chefs

    Rainbow Chefs
    San Mateo, California
    2015:     Rainbow Chefs was an educationsl consulting firm.  The intellectual property, including rademarks, service marks and logos were sold along with customer lists and contracts and websit and domain names.


  • Viking Trading

    Viking Trading Company dba Unicorn Books and Crafts
    Petaluma, California
    2015:     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.


  • 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.


  • Sorbent Therapeutics, Inc.

    Sunnyvale, California
    2014:
      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
    2012:  Ode Magazine specialized in "the only community for intelligent optimists".  The Assignee had a business vlauation 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.


  • 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.


  • Contractors Wire & Cable

    Livermore, California
    2011:  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.


  • 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.


  • Amersham, Inc.

    Louisville, Colorado
    2010:  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.


  • 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.


  • Interpacific Sales Co., Inc.

    Citrus Heights, California
    2010:  Assignee of a U.S. subsidiary, ISC, a leading distributor of wooden doors and joinery products.  Assignee handled creditor notificaiton, claims review, accounts receivable negotiation and closure of the U.S. office.


  • 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.


  • Adiri, Inc.

    Palo Alto, California
    2009:  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.


  • 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.


  • Just Countertops

    San Rafael, California
    2009:  Assignee of a construction/countertop replacement company.  Assignee handled creditor notification and claims review.


  • Michelle Kaufmann Entities

    Oakland, California
    2009:  The Michelle  Kaufmann entities include MK Designs, MK Elements, MK Constructs and MK Homes.  These entities reflected a full service architectual firm that specialized 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.


  • Kitchenworks, Inc.

    San Rafael, California
    2009:  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.


  • 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.


  • Sessions, Inc.

    Scotts Valley, California
    2009: 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 for $650,000 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.


  • 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.


  • 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.


  • M.A. Lindquist, Inc.

    Oakland, California
    2006: 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
    2006: 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
    2005: 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
    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.


  • Hayes, Orly & Cundall, Inc.

    Sausalito, California
    2004: Assignee for an advertising firm . Liquidation of FF&E and collection of accounts receivable.


  • 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.


  • 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.


  • 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.


  • 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.


  • Ekona Architecture and Planning

    San Francisco, California
    2003: 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
    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.


  • HD Interconnect Technology

    Azusa, California
    2002: 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 Polyimide 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
    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.


  • Friends of Photography

    San Francisco, California
    2002: 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.


  • 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.


  • Resolution Health Strategies, Inc.

    San Jose, California
    2001: 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
    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.


  • Arcom Electronics, Inc.

    Milpitas, California
    2001: 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
    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.


  • Printer's Inc. Bookstore

    Mountain View, California
    2001: 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
    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.


  • 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.


  • PowerBoard, Inc.

    Richmond, California
    2000: 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
    2000: Assignee for a golf reservations Internet company. Sale of all assets including website and domain name to third party purchaser for $2.1 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
    2000: 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
    2000: 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
    2000: 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
    2000: Assignee for an 18 store 'Pacific Rim' type fast food chain with locations throughout Northern and Southern California. Sale of assets for $400,000 plus lease assumptios to a third party purchaser. Landlord negotiations, review and compilation of creditor information.