| | Business Summary | | Uncle
B's
Bakery,
Inc.
is
a
commercial
bakery
whose
Uncle
B's
and
Millspring
brands
of
fresh,
never-frozen
bagels
are
displayed
and
sold
through
supermarket
refrigerated
dairy
cases
and
supermarket
bread
aisles
and
deli
departments
in
47
states.
On
September
4,
1998,
Uncle
B's
Bakery
(the
Debtor)
filed
Chapter
11
and
requested
a
hearing
for
interim
use
of
cash
collateral.
A
hearing
was
held
on
September
10,
1998,
in
the
United
States
Bankruptcy
Court
for
the
Northern
District
of
Iowa
in
Sioux
City,
Iowa.
At
the
hearing,
the
Debtor
and
Creditanstalt
Corporate
Finance,
Inc.
agreed
upon
interim
use
of
cash
collateral
under
certain
terms
and
conditions
until
September
26,
1998.
The
Company
remains
as
Debtor
in
Possession
and
intends
to
submit
a
plan
of
reorganization
once
the
plan
has
been
finalized. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | Uncle
B's
Bakery
is
a
commercial
baker
whose
Uncle
B's
and
Millspring
brands
of
bagels
are
displayed
and
sold
through
supermarket
refrigerated
dairy
cases
and
supermarket
bread
aisles
and
deli
departments.
UNCB's
products
offer
an
alternative
to
frozen
bagels.
For
the
nine
months
ended
4/30/98,
net
sales
fell
38%
to
$10.7
million.
Net
loss
totalled
$866
thousand,
up
from
$94
thousand.
Results
reflect
the
cancellation
of
a
food
service
contract
and
increased
interest
expense. | | More
from
Market Guide: Significant
Developments |
| | Officers | | | FY1997 Pay | |
| William Rose, Jr., 36
Chairman,
Pres and CEO | $198K | William Rose, Sr., 59
Vice
Chairman | 198K | William McClennan, Jr., 63
CFO,
Treasurer and Corp. Sec. | -- | David Blakeley, 39
VP
of Purchasing | -- | | Dollar amounts are as of 31-July-1997 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/u/uncb.ob.gif)