Northeast One-Stop Files Chapter 11 Bankruptcy
Northeast One-Stop, a unit of publicly traded Planet Entertainment, filed for Chapter 11 bankruptcy protection Friday in Albany, N.Y., according to trade sources. In its most recent filing with the SEC, Planet Entertainment reported a loss of $3.1 million on sales of $27.7 million for the nine-month
period that ended May 31. Stock in Planet, which trades under the symbol PNEC.OB, is at one cent.
Menands, N.Y.-based Northeast, which this year won NARM's award for wholesaler of the year award for its size category, has been experiencing financial difficulties for most of 2001 and has been frequently on "credit hold" with many of its suppliers.
Menands, N.Y.-based Northeast, which this year won NARM's award for wholesaler of the year award for its size category, has been experiencing financial difficulties for most of 2001 and has been frequently on "credit hold" with many of its suppliers.
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Northeast One-Stop is to be liquidated.
MIDDLETOWN, N.J.--(BUSINESS WIRE)--Jan. 6, 1997--Joe Venneri, president of Planet Entertainment Corp. (PNEC) announced today that it had received its new trading symbol PNEC for the ......
MIDDLETON, N.J.--(BUSINESS WIRE)--April 1, 1998--Planet Entertainment Corporation (OTC BB:PNEC) has retained NIBAR Group Inc. to provide financial public relations services. Planet Entertainment produces music compositions ......
MIDDLETOWN, N.J.--(BUSINESS WIRE)--June 9, 1998--Planet Entertainment Corp. (NASDAQ BB: PNEC) Today, John S. Arnone, Director, announced that Planet Entertainment has completed a funding with an ......
MIDDLETOWN, N.J.--(BUSINESS WIRE)--Jan. 11, 1999-- Site Customers To Have Access to the Largest Selection of Books on the Internet Planet Entertainment Corp. (OTC BB: PNEC), ......
MIDDLETOWN, N.J.--(BUSINESS WIRE)--May 4, 1998--Planet Entertainment Corp. (NASDAQ, BB:PNEC) announced today that it has signed a production agreement with JAD Records to produce the next ......
MIDDLETOWN, N.J.--(BUSINESS WIRE)--Dec. 10, 1998-- Partnership Provides New Venue to Market and Distribute Company's Proprietary CD Compilation Albums Planet Entertainment Corp. (OTC BB: PNEC), announced ......
MIDDLETOWN, NJ--(BUSINESS WIRE)--Jan. 15, 1999-- Company Prepares for Launch of E-commerce Site Planet Entertainment Corp. (OTC BB: PNEC), announced today results for its first quarter ......
MIDDLETOWN, N.J.--(BUSINESS WIRE)--March 3, 1999-- Company Also Announces the Release of 50 Proprietary CD Albums in the Far East, Africa and Europe Planet Entertainment Corp....
IT AIN'T OVER TILL IT'S OVER: As the year winds down, the industry has yet one more liquidation to face. Northeast One-Stop—which filed for Chapter ......
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Business Editors MIDDLETOWN, N.J.--(BUSINESS WIRE)--Dec. 22, 1999 Planet Entertainment Corp. (OTCBB: PNEC) announced today that its wholly owned subsidiary, Northeast One Stop (NEOS), has opened ......
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