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ACTIVE PROJECTS

Harris Concrete Products

Harris Concrete Products, Inc (“HCP”) of Montgomery, Alabama has filed a Chapter 11 bankruptcy case in the United States Bankruptcy Court for the Middle District of Alabama, Northern Division (the “Court”) identified as # 08- 30272-DHW (the “Bankruptcy”). HCP is still in operation. The court has issued an order that the assets of HCP be sold as soon as possible.

Dates relevant to the sale process are as follows*:

Inspection Period

July 21 thru Noon CDT August 20, 2008

Open House Dates

July 22, 29 & August 12, 2008
10:00 a.m. - 3:00 p.m. CDT

Bidding Deadline Phase 1

Noon CDT  August 20, 2008

Bidder Notification

August 21, 2008

Deadline for APA Execution &
submission of deposit

August 22, 2008 4:30 p.m. CDT

Phase I Court Hearing

August 22, 20084:30 p.m. CDT

Phase II Auction (if needed)

August 28, 2008 9:00 a.m. CDT

Final Hearing (If needed)

August 28, 2008 4:30 p.m. CDT

Closing

On or before 10 days after court approval

*Above dates, including Court hearings, are subject to change.

SITE ADDRESS:1555 MITCHELL YOUNG RD, MONTGOMERY, ALABAMA36108 (2 MILES WEST OF THE MONTGOMERY AIRPORT) HCP was built in 2000-2001 and is one of the most modern concrete block plants in the United States. After sale, some or all plant personnel may be available on a short term, long term or transitional basis. Any and all personnel agreements and arrangements are to be negotiated independent of this sale process.

Preferably, through the contemplated sale, the HCP business can be purchased in its entirety for continued in-place operation. Alternatively, bidders may bid on various bid packages consisting of the real estate, plant equipment, rolling stock, inventory & intellectual property, more particularly as set forth below:

DESCRIPTION OF ASSETS BEING LIQUIDATED - DOWNLOAD FACT SHEET BELOW

A DVD VIDEO SHOWING HCP IN DETAIL IS AVAILABLE BY REQUEST.
CALL 404-352-2638

Terms and Conditions of Bid: The Bidder makes this Bid subject to the provisions set forth in the Order Approving the Motion to Establish Procedure for Sale of Property of the Debtor’s Estate (the “Sale Procedures Order”) entered by the Court in the Bankruptcy.

This may be a two phase sale process. Initially, the assets of HCP are being offered by sealed bid. Phase I bidders may place sealed bids on the various bid packages available by the bid deadline of Noon CDT August 20, 2008.

The debtor has the option of accepting or rejecting any or all bids in Phase 1.

All items are sold as is / where is without guarantees except those stated in the Motion to sell assets.

THE DEBTOR PROPOSES TO SELL THE ASSETS OF HCP TO THE HIGHEST BIDDER(S) BUT EXPRESSLY RESERVES THE RIGHT AND OPTION TO ACCEPT OR REJECT ANY OR ALL BIDS AND ANY AND ALL BIDS ARE SUBJECT TO THE APPROVAL OF THE COURT.

FOR MORE INFORMATION REGARDING THIS SALE:

CONTACT RICK DOBBINS AT 404-352-2638 OR

EMAIL rick@dobbinscompany.com OR

VISIT www.dobbinscompany.com

Cabinet Specialists, Inc.

North Atlanta National Bank (NANB) has foreclosed on certain equipment belonging to Cabinet Specialists, Inc of Buford, Georgia. NANB is liquidating this equipment by sealed bid.

SALE PROCESS    This is a sealed bid sale. Inspect the equipment and inventory during the inspection period and if interested, submit your bid(s) by the bidding deadline. Major equipment may be bid on individually and the stone inventory and cabinet inventory/tools will be offered in bulk.

EQUIPMENT & INVENTORY TO BE SOLD

(2) 2006 CMS CNC Stone Router, M#: CONCEPT 2.10, S#: 3799; 3760.
(1) 2006 CMS CNC 15’ Bridge Saw, M#: ANTEA-CN, S#: 4121.
(1) Gerbil 80’ Bridge Crane System.
(1) Ingersoll-Rand 30 h.p. Air Compressor.
(1) Clark 8,000 lb. Forklift, S#: 915-54-7008CB.
(1) Advance Walk behind Floor Machine, S#: 1202963.

There is miscellaneous cabinet installation equipment including: saws, small air compressors, tools, etc.

There is also uncut & cut granite & stone inventory and a small amount of cabinet inventory.

A DVD video is available by request showing this equipment in detail

DIRECTIONS TO SITE - 498 Tuggle Greer Dr, Buford, GA 30518:   From downtown Atlanta, take I-85 north aprox. 30 miles to I-985 north to first exit, Buford Dr (Sugar Hill). Turn left, go aprox. 2 miles to Peachtree Industrial Blvd and turn right. Go aprox 1 ½ mile to Tuggle Greer Dr on right (stop light). Go to top of the hill and the site is on the right. Follow signs.

INSPECTION DATES    Tuesday August 26th & Wednesday August 27th, 2008,    10:00AM – 2:00PM EDT

BIDDING DEADLINE  Noon Thursday August 28, 2008 EDT

BIDDER NOTIFICATION By 5:00PM Friday August 30, 2008

CLOSING     No later than 4:00PM Tuesday September 2, 2008

EQUIPMENT REMOVAL Through September 12, 2008

All items are being sold as is / where is without guarantees. NANB intends to sell all items to the highest bidder but reserves the option of accepting or rejecting any or all bids.

 

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