<PAGE> 1
EXHIBIT 2.1
ASSIGNMENT FOR THE BENEFIT OF CREDITORS
ASSIGNMENT, made on May 4th, 1998, between STANDARD BRANDS OF AMERICA,
INC., A FLORIDA CORPORATION, with its former principal place of business at
2199 W. Atlantic Boulevard, Pompano Beach, FL 33069 (hereinafter "Assignor")
and MICHAEL E. MOECKER AND MICHAEL MOECKER & ASSOCIATES, INC., whose address
is 3123 Commerce Parkway, Miramar, FL 33025 (hereinafter "Assignee").
WHEREAS, the Assignor has been engaged in the business of retail sales
of electronic equipment and appliances.
WHEREAS, the Assignor is indebted to creditors, as set forth in
Schedule A annexed hereto, is unable to pay its debts as they become due, and
is desirous of providing for the payment of its debtors, so far as it is
possible by an assignment of all of its assets for that purpose.
NOW, THEREFORE, the Assignor, in consideration of the Assignee's
acceptance of this Assignment, and for other good and valuable consideration,
hereby grants, assigns, conveys, transfers, and sets over, unto the Assignee,
his successors and assigns, all of its assets, except such assets as are exempt
by law from levy and sale under an execution, including, but not limited to,
all real property, fixtures, goods, stock, inventory, equipment, furniture,
furnishings, accounts receivable, bank deposits, cash, promissory notes, cash
value and proceeds of insurance policies, claims and demands
<PAGE> 2
belonging to the Assignor, wherever such assets may be located (collectively the
"Estate"), which assets are, to the best knowledge and belief of the Assignor,
set forth on Schedule B annexed hereto.
The Assignee shall take possession and administer the Estate in
accordance with the provisions of Chapter 727, Florida Statutes, and shall
liquidate the assets of the Estate with reasonable dispatch and convert the
Estate into money, collect all claims and demands hereby assigned as may be
collectible, and pay and discharge all reasonable expenses, costs, and
disbursements in connection with the execution and administration of this
Assignment from the proceeds of such liquidation and collections.
The Assignee shall then pay and discharge in full, to the extent that
funds are available in the Estate after payment of administrative expenses,
costs, and disbursements, all of the debts and liabilities now due from the
Assignor, including interest on such debts and liabilities. If funds of the
Estate shall not be sufficient to pay such debts and liabilities in full, then
the Assignee shall pay from funds of the estate such debts and liabilities, on
a pro rata basis and in proportion to their priority as set forth in Section
727.114, Florida Statutes.
In the event that all debts and liabilities are paid in full, any
funds of the Estate remaining shall be returned to the Assignor.
To accomplish the purposes of this Assignment, the Assignor hereby
appoints the Assignee its true and lawful attorney, irrevocable, with full
power and authority to do all acts and things which may be necessary to execute
the Assignment hereby created; to demand and recover from all persons all
assets of the Estate; to sue for the recovery
2
<PAGE> 3
of such assets; to execute, acknowledge, and deliver all necessary deeds,
instruments, and conveyances; and to appoint one or more attorneys under him to
assist him in carrying out his duties hereunder.
The Assignor hereby authorizes the Assignee to sign the name of the
Assignor to any check, draft, promissory note, or other instrument in writing
which is payable to the order of the Assignor, or to sign the name of the
Assignor to any instrument in writing, whenever it shall be necessary to do so,
to carry out the purpose of this Assignment.
The Assignee hereby accepts the trust created by the Assignment, and
agrees with the Assignor that the Assignee will faithfully and without delay
carry out his duties under the Assignment.
<TABLE>
<S> <C>
/s/ Kathleen M. Shaw STANDARD BRANDS OF AMERICA, INC.
------------------------------ a Florida corporation
(Signature)
Kathleen M. Shaw By: /s/ Edward H. McCluskey
------------------------------ ----------------------------------
(Printed Name) EDWARD H. MCCLUSKEY, PRESIDENT
/s/ Alan Danis
------------------------------
(Signature)
Alan Danis
------------------------------
(Printed Name)
</TABLE>
3
<PAGE> 4
STATE OF FLORIDA )
) SS
COUNTY OF MIAMI-DADE )
THE FOREGOING Assignment was acknowledged before me on May 4th, 1998, by
Edward H. McCluskey, President of STANDARD BRANDS OF AMERICA, INC., a Florida
corporation, as Assignor, who is personally known to me or ________________.
WITNESS my hand and official seal in the County and State last aforesaid on May
4th, 1998.
/s/ JULISTA MENENDEZ
________________________________
Notary Public, State of Florida
OFFICIAL NOTARY SEAL
JULISTA MENENDEZ
NOTARY PUBLIC STATE OF FLORIDA
COMMISSION NO. 00593623
MY COMMISSION ?
4
<PAGE> 5
SCHEDULE A - CREDITOR LIST
I. CREDITORS: See Exhibit A attached hereto.
II. WAGES OWED: NONE.
III. CONSUMER DEPOSITS: NONE.
IV. LIST OF ALL TAXES OWED: See Exhibit B attached hereto.
V. SECURED CLAIMS OWED: See Exhibit C attached hereto.
VI. OWNERS OR SHAREHOLDERS: Standard Brands of America, Inc.,
a Delaware corporation.
<PAGE> 6
SCHEDULE B - LIST OF ASSETS
I. NONEXEMPT PROPERTY:
1. REAL ESTATE/LEASEHOLD INTERESTS: NONE.
2. FIXTURES: NONE.
3. CASH AND BANK ACCOUNTS: NONE.
4. INVENTORY: NONE.
5. ACCOUNTS RECEIVABLE: NONE.
6. EQUIPMENT: NONE.
7. PREPAID EXPENSES: NONE.
8. OTHER - Check from BellSouth, in the amount of $18.73 (credit on account).
II. EXEMPT PROPERTY: NONE.
<PAGE> 7
EXHIBIT "A"
<TABLE>
<CAPTION>
CREDITOR AMOUNT
-------- ------
<S> <C>
A & E Truck Service, Inc............................................. 18.95
2665 South Street
Fort Myers, FL 33901
Accent Business Products............................................. 371.00
P.O. Box 60011
Fort Myers, FL 33906
Ace Business Forms, Inc.............................................. 5,997.22
7140 N.W. 47th Place
Lauderhill, FL 33319
Acoustic Research.................................................... 24.37
IJI Specialty Audio, Inc.
535 Getty Court
Building A
Benicia, CA 94510
ADT Security Systems, Inc............................................ 7,880.50
122 North Jefferson St
Jacksonville, FL 32204
Aetna Life Insurance and Annuity..................................... 180.00
ALIAC Pension Customer Service
P.O. Box 150403
Hartford, CT 06115-0403
Airborne Express..................................................... 1,066.31
P.O. Box 662
Seattle, WA 98111
All Broward Window Cleaning, Inc..................................... 206.70
P.O. Box 9093
Pembroke Pines, FL 33084
All Service Refuse................................................... 344.16
825 N.W. 31st Avenue
Fort Lauderdale, FL 33311
</TABLE>
1
<PAGE> 8
<TABLE>
<CAPTION>
CREDITOR AMOUNT
-------- ----------
<S> <C>
All Star Gas of Ft Myers................................ 127.50
6210 Plaza Drive
Ft Myers, FL 33905
American Business Communication......................... 29,033.75
Page Now
16500 N.W. 52nd Avenue
Miami, FL 33014
American Express Centurion.............................. 215.45
P.O. Box 630001
Dallas, TX 75363
American Express Travel Related Services................ 499.00
Company, Inc.
Account No. 409-594-118-3
P.O. Box 53773
Phoenix, AZ 85072-3773
American Realty Consultants, Inc........................ 357.60
8220 State Road 84
Davie, FL 33324
AT&T.................................................... 44.17
Account No. 015 004 4298 001
P.O. Box 914500
Orlando, FL 32891-4500
AT&T.................................................... 1.26
Account No. 730 511 5933 001
P.O. Box 914000
Orlando, FL 32891-4000
AT&T Wireless Long Distance............................. 1.97
Account No. B42-954-980-1404-0-0
P.O. Box 30247
Tampa, FL 33630-3247
AT&T Wireless Long Distance............................. 29.56
Account No. B42-954-850-7885-0-7
P.O. Box 945800
Maitland, FL 32794-5800
</TABLE>
2
<PAGE> 9
<TABLE>
<CAPTION>
CREDITOR AMOUNT
-------- --------
<S> <C>
Atlantic Ford Truck Sales, Inc. ....................... 5,037.12
c/o Arthur J. Furia, Esq.
Holtzman, Krinzman, Equels & Furia
2601 South Bayshore Drive
Suite 600
Miami, FL 33133
Bank One ............................................... 96.00
P.O. Box 276
Dayton, OH 45401
Barnett Financial Corporation .......................... 1,787.50
740 South Federal Highway
Suite 501
Pompano Beach, FL 33062
Bell'oggetti Int'l Ltd. ................................ 591.00
711 Ginesi Drive
Morganville, NJ 07751
BellSouth .............................................. 92.21
Account No. 954-979-4579
P.O. Box 33009
Charlotte, NC 28243-0001
Bellsouth Mobility ..................................... 524.83
Account No. 954-850-7885
P.O. Box 407148
Fort Lauderdale, FL 33340-7148
Bellsouth Mobility .....................................
Account No. 954-850-7885
P.O. Box 407148
Fort Lauderdale, FL 33340-7148
Cisco, Inc. Collection Agency .......................... 176.61
(Bellsouth Account No. 97846 11B)
1702 Townhurst
Houston, TX 77043
Cisco, Inc. Collection Agency .......................... 140.88
(Bellsouth Account No. 972327 11B)
1702 Townhurst
Houston, TX 77043
</TABLE>
3
<PAGE> 10
<TABLE>
<CAPTION>
CREDITOR AMOUNT
-------- ------
<S> <C>
Bomar Credit Corporation Collection Agency ......... 506.25
(Bellsouth)
3091 Governors Lake Drive, N.W.
Building 100, Suite 350
Norcross, Georgia 30071
BFI of Florida, Inc ................................ 574.36
Southeast Florida District
PO Box 912043
Orlando, FL 32891-2043
Browning-Ferris Ind. .............................. 371.00
Southeast Florida District
PO Box 912043
Orlando, FL 32891-2043
Bug Out Service ................................... 220.48
5951 Arlington Expressway
Jacksonville, FL 32211-5666
Bureau of Collection Recovery ..................... 1,157.57
(BellSouth Mobility)
7525 Mitchell Road
Minneapolis, MN 55344
Cable TV of Coral Springs ......................... 54.62
12409 N.W. 35th St.
Coral Springs, FL 33065
Caine & Weiner Collection Agency .................. 996.40
(Cerberus Pyrotronics)
30 Harbor Walk
Milford, CT 06460
Canon USA, Inc. ................................... 68,083.62
P.O. Box 100951
Atlanta, GA 30384
Cape Publications, Inc. ........................... 125,000.00
P.O. Noc 20099
Orlando, FL 32889-0016
</TABLE>
4
<PAGE> 11
<TABLE>
<CAPTION>
CREDITOR AMOUNT
-------- ------
<S> <C>
C.B.C., Inc. Collection Agency..................... 2,713.40
(Allstate Insurance Co.)
475 Market Street
2nd Floor
Elmwood Park, NJ 07407
Citgo.............................................. 291.07
1185 W. Haven Avenue
Melbourne, FL 32904
City of Cocoa...................................... 136.33
Utilities Department
P.O. Box 1808
Cocoa, FL 32928-1801
City of Coral Springs.............................. 75.00
2801 Coral Springs Drive
Coral Springs, FL 33065
Attn: Records Dept.-- Alarms
City of Fort Lauderdale............................ 28.68
Municipal Service Bill
100 North Andrews Avenue
Fort Lauderdale, FL 33301-4130
City of Pompano Beach.............................. 25.00
P.O. Drawer 1300
Pompano Beach, FL 33061
Clarklift.......................................... 224.18
P.O. Box 621447
Orlando, FL 32862-1447
Coast Gas.......................................... 543.96
c/o Leonard Jay Smith
P.O. Box 650219
Flushing, NY 11365-0219
Complete Business.................................. 334.96
d/b/a Ikon Office Solutions
3141 Commerce Parkway
Miramar, FL 33025
</TABLE>
5
<PAGE> 12
<TABLE>
<CAPTION>
CREDITOR AMOUNT
-------- ------
<S> <C>
Commercial Credit Corporation ....................... in excess of
c/o Kirkpatrick & Lockhart LLP $15,000.00
201 S. Biscayne Boulevard
Miami, FL 33131
Conditioned Air & Associated Contractors, 540 N.W.... 39.00
165th Street
Miami, FL
Continental Cablevision ............................. 167.44
P.O. Box 405700
Fort Lauderdale, FL 33340-5700
Credit Collection Services .......................... 167.44
(Mediaone - Pompano Beach)
94 Wells Avenue
Newton, MA 02159
Credit Consultants Collection Agency ................ 42.61
(National Fire & Safety Corp.)
P.O. Box 8509
Naples, FL 34101
Credit Management, Inc. Collection Agency ........... 110.70
(Mediaone)
17070 Dallas Parkway
Dallas, TX 75248-1906
Credit Management, Inc. Collection Agency ........... 134.75
(Comcast Communications)
17070 Dallas Parkway
Dallas, TX 75248-1906
Credit Protection Association, Collection Agency..... 65.08
(Time Warner Cable)
P.O. Box 361016
Melbourne, FL 32936-1016
Daewoo Electronics Corp. of America ................. 5,003.00
8300 N.W. 27th Street
Miami, FL
</TABLE>
6
<PAGE> 13
<TABLE>
<CAPTION>
CREDITOR AMOUNT
-------- --------
<S> <C>
Day-Timers, Inc. ........................................... 28.90
P.O. Box 6168
Allentown, PA 18001-6168
Deception Control, Inc. .................................... 150.00
1885 W. Commercial Blvd.
Ft. Lauderdale, FL 33309
Decisionone Corporation..................................... 2,794.87
P.O. Box 3004
Frazer, PA 19355-0704
Denon Electronics........................................... 981.34
P.O. Box 12292
Newark, NJ 07101-5292
Detectalert Alarm Center.................................... 243.80
18 West Fee Avenue
Melbourne, FL 32901-4418
Don Olson Truck Tire Centers................................ 22.21
P.O. Box 7847
Clearwater, FL 34618-7847
Dun & Bradstreet Information Services....................... 104.94
P.O. Box 95915
Chicago, IL 60694-5915
Duval County................................................ 1,416.55
City of Jacksonville
231 E. Fortsyth Street
Room 130
Jacksonville, FL 32202-3370
EDP Supply South, Inc. ..................................... 1,595.18
641 N.E. 33rd Street
Pompano Beach, FL 33064
Empire Gas Inc. of Jacksonville............................. 536.04
8374 New Kings Road North
Jacksonville, FL 32219-3614
Equifax Check Services, Inc. ............................... 9,762.34
P.O. Box 30038
Tampa, FL 33630-3038
</TABLE>
7
<PAGE> 14
<TABLE>
<CAPTION>
CREDITOR AMOUNT
-------- -----------
<S> <C>
Eveready Battery Co..................................... 3,762.88
3675 Crestwood Parkway
Suite 300
Duluth, GA 30136
Florida Dept. of Revenue................................ *292,293.00
State of Florida
5050 W. Tennessee Street
Tallahassee, FL 32399-0125
FPL..................................................... 9,668.00
General Mail Facility
Miami, FL 33188-0001
Flower Box.............................................. 75.58
2155 Sarno Road
Melbourne, FL 32935
Frigidaire Open Account................................. 2,500.00
P.O. Box 905276
Charlotte, NC
The Florida Times Union................................. 125,561.00
One Riverside Avenue
Post Office Box 1949
Jacksonville, FL 32231
Ft. Myers Broadcasting Co............................... ,015.00
P.O. Box 1060
Ft. Myers, FL 33902
GE Appliances........................................... 222.00
GECF Southeast Region
Southeast Service Center
P.O. Box 19187
Jacksonville, FL 32245
Garage Doors of Naples.................................. 47.70
5 Twelfth Street North
Naples, FL 34102
Gemini.................................................. 1,895.16
P.O. Box 10111
Church Street Station
New York, NY 10259-0111
</TABLE>
8
<PAGE> 15
<TABLE>
<CAPTION>
CREDITOR AMOUNT
-------- ------
<S> <C>
General Electric Company............................ 329.27
GE Appliances - Retail
P.O. Box 102336
Atlanta, GA 30368-0336
Godwins Booke & Dickenson........................... 1,835.00
13535 Feather Sound Drive
Suite 600
Clearwater, FL 34622-5545
Gold Coast Lighting & Electric Contractors, Inc. ... 3,885.66
P.O. Box 935170
Margate, FL 33093-5170
Great American Leasing Corp. ....................... 133.13
P.O. Box 10426
Des Moines, IA 50306-0426
GT Air & Appliance.................................. 65.00
Address Unknown
Hearts & Flowers.................................... 103.88
11471 W. Sample Rd.
Coral Springs, FL 33065
Horowitz & Knoch CPA, P.A. ......................... 1,255.40
481 E. Hillsboro Boulevard
Suite 100A
Deerfield Beach, FL 33441
HRSI Merchant Billing............................... 985.59
P.O. Box 80088
Salinas, CA 93912-0088
IJI Home Speaker Division........................... 40,892.89
P.O. Box 71993
Suite 400
Chicago, IL 60694-1993
Industrial Air Conditioning & Refrigeration, Inc. .. 5,279.95
8450 N.W. 6th. Ct.
Miami, FL 33150
</TABLE>
9
<PAGE> 16
<TABLE>
<CAPTION>
CREDITOR AMOUNT
-------- ------
<S> <C>
Interlect Distributors..................... 2,208.85
Address Unknown
Intermedia Communications 45.36
P.O. Box 915238
Orlando, FL 32891-5238
Intuit..................................... 41.48
Dept 7834
Los Angeles, CA 90084-7834
Jacksonville Electric Authority............ 2,516.30
21 West Church Street
Jacksonville,.FL 32202-3139
JASCO Products Co., Inc.................... 2,848.50
P.O. Box 466
Oklahoma City, OK 73101
JBL Consumer Products...................... 2,262.54
80 Crossways Park West
Woodbury, NY 11797
Just In Time Distributors, Inc............. 223.75
150 Spartan Drive
Maitland, FL 32751
Kertz Security Systems..................... 320.01
Corporate Headquarters
1830 W. Broward Blvd.
Ft. Lauderdale, FL 33312
Kirk Nationalease Daily Rental, Inc........ 330.67
800 Vandemark Road
Sidney, OH 45365-4369
LDC Associates............................. 53,228.00
50 South Meridian Street
Suite 200
Indianapolis, IN 46204
LDDS Worldcom.............................. 3,895.96
P.O. Box 96022
Charlotte, NC 28296-0022
</TABLE>
10
<PAGE> 17
<TABLE>
<CAPTION>
CREDITOR AMOUNT
-------- ------
<S> <C>
Lee County Electric Cooperative, Inc............ 2,296.76
P.O. Box 3455
North Fort Myers, FL 33918-3455
Lee County Utilities............................ 490.00
2172 McGregor Boulevard
P.O. Box 2737
Fort Myers, FL 33902-2737
Magic Chef...................................... 1,337.00
Address Unknown
Master Locks & Safe............................. 45.00
134 East Palm Drive
Margate, FL 33063
MCB Collection Services, Inc.................... 156.40
(City of Cocoa)
P.O. Box 9
Vero Beach, FL 32961-0009
Merchant's Association (of Fla., Inc.).......... 37.28
20401 N.W. 2nd Avenue Ste. #310
Miami, FL 33169
Metropolitan Life Insurance Co.................. 00.00
One Madison Avenue
New York, NY 10010
Micro-Trim...................................... 821.46
3613 W. Macarthur Boulevard
#604
Santa Ana, CA 92704
Mid-America Management Corp..................... 8,786.25
1100 Eaton Center
1111 Superior Avenue
Cleveland, OH 44114-2525
Milner Business Products........................ 1,441.34
3625 Park Central Blvd. North
Pompano Beach, FL 33064
</TABLE>
11
<PAGE> 18
<TABLE>
<CAPTION>
CREDITOR AMOUNT
-------- ------
<S> <C>
MJA Technologies............................. 342.00
790 S. Military Trail
Deerfield Beach, FL 33442
Monster Cable Products....................... 90.33
274 Wattis Way
South San Francisco, CA 94080-676
Mother's Citgo............................... 176.52
1101 N.W. 31st Avenue
Pompano Beach, FL 33069
Naples Daily News............................ 6,661.00
1075 Central Avenue
P.O. Box 7009
Naples, FL 33941
Naples Daily News............................ 69,242.70
P.O. Box 10549
Naples, FL 33941-0549
National Lift Truck Service.................. 4,725.12
7710 N.W. 74th Avenue
Medley, FL 33166
Nationwide Credit, Inc....................... 979.74
12500 E. Iliff Avenue
Aurora, CA 80014
News and Sun-Sentinel........................ 48,000.00
200 E. Las Olas Boulevard
Fort Lauderdale, FL 33301
Novus Services...............................
P.O. Box 28543
Columbus, OH 43228-0543
Now Hear This Inc............................ 192.98
535 Getty Court
Building A
Benicia, CA 94510
Office Depot Card Plan....................... 609.95
P.O. Box 182378
Columbus, OH 43218-2378
</TABLE>
12
<PAGE> 19
<TABLE>
<CAPTION>
CREDITOR AMOUNT
-------- ------
<S> <C>
Office Depot Credit Plan.................................. 1,444.54
Dept. 56-4100900124
Salt Lake City, UT 84130-0292
Office Specialists........................................ 543.50
14875 N.W. 77th Avenue Ste. #202
Miami, FL 33014
Oldds Communications...................................... 625.10
Address Unknown
Our Father................................................ 2,125.00
Address Unknown
Page Now.................................................. 81.55
16500 N.W. 52nd Avenue
Miami, FL 33014
Palm Beach Newspaper......................................18,760.00
265 Royal Ponciana Way
Palm Beach, FL 33480
Peerless Industries, Inc..................................50,306.00
1980 Hawthorne Avenue
Melrose Park, IL 60160
Penske Truck Leasing Co................................... 172.46
P.O. Box 105040
Tucker, GA 30085-5040
Pest Relief, Inc.......................................... 31.80
1021 N.E. 43 Street
Oakland Park, FL 33334
Phillips & Jacobs, Inc.................................... 2,228.30
d/b/a Prime Source Corporation
3991 Commerce Pkwy.
Miramar, FL 33025
Pilgrim Mat Services...................................... 75.15
1321 53rd Street
West Palm Beach, FL 33407
</TABLE>
13
<PAGE> 20
<TABLE>
<CAPTION>
CREDITOR AMOUNT
-------- ----------
<S> <C>
Radcliffe, Jeff.................................. 70.00
11546 51st Court North
Royal Palm Beach, FL 33411
Rangaire & Company............................... 5,983.53
P.O. Box 177
Ceburne, TX 760333
Res Marketing Inc................................ 3,930.72
4909 West Nassau Street
P.O. Box 24655
Tampa, FL 33623-4655
Roadway Package System........................... 321.91
Dept. 40601
Atlanta, GA 31192-0601
Rochester Midland................................ 31.80
10525 Randleman Road
Randleman, NC 27317
Rose Picker, Trustee............................. 5,197.00
1120 Royal Palm Beach Boulevard
#290
Royal Palm Beach, FL 33411
Saia Motor Freight Line, Inc..................... 834.14
11405 N.W. 36th. Avenue
Miami, FL 33167
Sansui USA, Incorporated......................... 320,234.98
c/o Drennan Taylor and Associates, Inc.
813 South Church Street
Second Floor
Murfreesboro, TN 37130
Sarasota Herald Tribune.......................... 6,533.00
P.O. Drawer 1719
Sarasota, FL 34236
Se-Kure Controls, Inc............................ 109.00
3714 Runge Street
Franklin, IL 60131-1112
</TABLE>
14
<PAGE> 21
<TABLE>
<CAPTION>
CREDITOR AMOUNT
-------- ------
<S> <C>
Sensormatic Electronics Corporation.................. 4,165.70
P.O. Box 75050
Charlotte, NC 28275
Service Office Supply................................ 67.47
2813-B1 Industrial Plaza
Tallahassee, FL 32301
Shintom West Corp. of America........................ 5,122.00
20435 S. Western Avenue
Torrance, CA 90501
Sidcor 50/50 Associates.............................. 21,311.00
4930 W. Oakton Street
Skokie, IL 60077
Signs & Things....................................... 171.35
3629 Progress Ave.
Naples, FL 34104
Southern Bell........................................ 379.99
P.O. Box 105373
Atlanta, GA 30348
Southern Sanitation Service.......................... 2,757.52
3831 N. Powerline Rd
Pompano Beach, FL 33073-3002
Sprint............................................... 1,308.00
Account No. 941-263-7667
P.O. Box 263
Department 346
Kansas City, MO 64193-0346
Sprint............................................... 127.51
Account No. 941-200-1474
United Telephone
P.O. Box 153000
Altamonte Springs, FL 32715-3000
Sprint............................................... 1,323.71
Account No. 941-263-7667
United Telephone
P.O. Box 153000
Altamonte Springs, FL 32715-3000
</TABLE>
15
<PAGE> 22
<TABLE>
<CAPTION>
CREDITOR AMOUNT
-------- ------
<S> <C>
Sprint.................................................. 178.60
Account No. 941-793-2347
United Telephone
P.O. Box 153000
Altamonte Springs, FL 32715-3000
Sprint.................................................. 454.31
Account No. 941-793-4482
United Telephone
P.O. Box 153000
Altamonte Springs, FL 32715-3000
Standard & Poor's....................................... 925.00
2199 West Atlantic Boulevard
Pompano Beach, FL 33069-2631
SunTrust Bank South Florida, N.A........................ 55.00
6417-417007986
P.O. Box 405100
Ft. Lauderdale, FL 33340-5100
Super Transport, Inc.................................... 668.00
P.O. Box 3054
Boca Raton, FL 33431-0954
SW FL Polygraph Exam, Inc............................... 80.00
12734 Kenwood Lane S.W.
Suite 18
Fort Myers, FL 33907
Tape Products Company................................... 122.36
11630 Deerfield Road
P.O. Box 42413
Cincinnati, OH 45242
Technophone Corp........................................ 814.00
1801 Penn Street
Suite 3
Melbourne, FL 32901
Telecheck............................................... 205.50
Reference 0396185031018
5251 Westheimer
Houston, TX 77056
</TABLE>
16
<PAGE> 23
<TABLE>
<CAPTION>
CREDITOR AMOUNT
-------- ---------
<S> <C>
Terk Technologies Corp. ............................ 7,347.40
Address Unknown
The CIT Group/Commercial ........................... 137.10
1200 South Pine Island Road
Plantation, FL 33324
The Florida Times Union ............................ 12,806.00
Bullseye Marketing
One Riverside Avenue
P.O. Box 1949
Jacksonville, FL 32231
Thomson Consumer Electronics ....................... 8,982.00
10330 N. Meridian Street
Mail Drop INH 230
Indianapolis, IN 46290-1024
Treasurer State of Maine ........................... 11,960.00
State House Station 11-A
Augusta, ME 04333
Tyler Software Inc. ................................ 28.58
4625 East Bay Drive
Suite #201
Clearwater, FL 34624
United Creditors Alliance Corporation .............. 1,433.70
Collection Agency
(Office Depot)
670 Morrison Road
Gahanna, OH 43230
United Telephone of FL ............................. 317.17
P.O. Box 153000
Altamonte Springs, FL 32715-3000
UPS Truck Leasing, Inc. ............................ 750.18
3600 N.E. 5th. Avenue
Ft. Lauderdale, FL
Value Software Corp. ............................... 783.66
250 Australian Avenue Southe
Box 1110
West Palm Beach, FL 33401
</TABLE>
17
<PAGE> 24
<TABLE>
<CAPTION>
CREDITOR AMOUNT
-------- -----------
<S> <C>
Wallenbrocks........................................... 207.68
1870 Boy Scout Drive
Suite #301
Ft. Myers, FL 33907
Warrentech CPS, Inc.................................... $312,000.00
c/o Elizabeth Bohn, Esq.
Jorden, Burt, Berenson & Johnson LLP
777 Brickell Avenue
Suite 500
Miami, FL 33131
Waste Management of Collier............................ 1,476.26
4500 Exchange Ave.
Naples, FL 34104-7025
WBBH-TV 20............................................. 1,259.00
P.O. Box 4605
Ft. Myers, FL 33918
Western Waste Industries............................... 337.18
P.O. Box 2880
Torrance, CA 90509-2880
Whirlpool.............................................. 202.95
P.O. Box 905446
Charlotte, NC 28290-5446
Whirlpool Corp......................................... 204.69
P.O. Box 70111
Chicago, IL 160673-0111
WJXT-TV 20............................................. 1,001.00
1851 Southampton Road
Jacksonville, FL 32207
WPLG-TV................................................ 1,749.00
3900 Biscayne Blvd.
Miami, FL 33137
WTVJ-TV................................................. 6,592.00
316 N. Miami Avenue
Miami, FL 33128
</TABLE>
18
<PAGE> 25
<TABLE>
<CAPTION>
CREDITOR AMOUNT
-------- ------
<S> <C>
WZVN - Channel 7.......................... 2,040.00
P.O. Box 7087
3719 Central Avenue
Fort Myers, FL 33911-7087
</TABLE>
19
<PAGE> 26
<TABLE>
<CAPTION>
EXHIBIT "B"
CREDITOR AMOUNT
-------- ------
<S> <C>
Broward County Revenue Department....................... in excess of
Collection Division 9,177.16
Governmental Center Annex
115 S. Andrews Avenue
Fort Lauderdale, FL 33301
Lee County Tax Collector................................ 1,620.20
P.O. Box 1609
Ft. Myers, FL 33902-1609
Lynwood Roberts......................................... 1,523.00
Duval County Tax Collector
Tangible Personal Property Taxes Division
231 E. Forsyth Street
Room 130
Jacksonville, FL 32202-3370
Rod Northcutt........................................... 102.74
Tangible Personal Property Taxes Division
Brevard County Tax Collector
P.O. Box 2500
Titusville, FL 32781-2500
State of Florida........................................ 26,156.76
Department of Labor and Employment Security
Division of Unemployment Compensation
Bureau of Tax
Caldwell Building
Tallahassee, FL 32399-0218
State of Florida........................................ unknown
Department of Revenue
Sales and Use Tax
5050 W. Tennessee Street
Tallahassee, FL 32399-0125
</TABLE>
20
<PAGE> 27
EXHIBIT "C"
<TABLE>
<CAPTION>
CREDITOR AMOUNT
-------- -------------
<S> <C>
AT&T Commercial Finance Corp................................ 31,253.00
2601 Flowers Road
Suite 100
Atlanta, GA 30341
Frigidaire Company.......................................... in excess of
c/o Corey B. Collins, Esq. $185,248.00
Ruden, McCloskey, Smith, et al.
200 E. Broward Boulevard
Suite 1600
Fort Lauderdale, FL 33301
General Electric Capital Corporation........................ 1,362,442.86
P.O. Box 19187
Jacksonville, FL 32245-9187
Maytag Corporation/Maytag Financial Services Corporation.... in excess of
c/o Eric C. Cristo, Esq. $5,000,000.00
Elk, Bankier, Palmer & Christu
4800 N. Federal Highway
Suite 200-E
Boca Raton, FL 33431
Whirlpool Financial Company................................. in excess of
c/o Jeff C. Schneider, Esq. $100,000.00
Stroock & Stroock & Lavan LLP
200 South Biscayne Boulevard
First Union Financial Center
33rd Floor
Miami, FL 33131
</TABLE>
21
<PAGE> 28
OATH OF ASSIGNOR
KNOW ALL MEN BY THESE PRESENTS, that STANDARD BRANDS OF AMERICA, INC., a
Florida corporation, formerly doing business in Broward County, Florida, has
executed an Assignment for the Benefit of Creditors ("Assignment") and that the
true intention of the Assignment is to place in the hands of its Assignee all
of its property of every description, except such property as is exempt by law
from forced sale, to be divided among the creditors in proportion to their
respective demands and legal rights.
<TABLE>
<S> <C>
WITNESSES: STANDARD BRANDS OF FLORIDA,
INC., a Florida corporation
/s/ Patricia A. McCluskey
----------------------------------
(Signature)
Patricia A. McCluskey By: /s/ Edward H. McCluskey
---------------------------------- -----------------------------
(Printed Name) EDWARD H. MCCLUSKEY
/s/ Steven Candelaria
----------------------------------
(Signature)
Steven Candelaria
----------------------------------
(Printed Name)
</TABLE>
STATE OF FLORIDA )
COUNTY OF BROWARD )
BEFORE ME, the undersigned authority, duly authorized to take
acknowledgements, personally appeared EDWARD H. MCCLUSKEY, President of
Standard Brands of Florida, Inc., a Florida corporation, who has provided
Florida Driver License No. _____________________ as identification.
WITNESS my hand and official seal in the County and State last aforesaid on
May 6, 1998.
/s/ Steven Candelaria
[SEAL] ----------------------------------
Notary Public, State of Florida
