VOL. 116 | NO. 68 | Monday, April 8, 2002
Response Oncology to liquidate
Response Oncology Inc. will pursue a liquidation plan, which will be filed on or before month's end. It doesn't expect any recovery for its equity holders. In a press release, the cancer management company said numerous sales transactions are pending before the bankruptcy court that will result in the disposal of substantially all of the company's operating assets. Response Oncology, which trades on the over-the-counter Bulletin Board, has $25 million in secured debt and about $17.5 million in scheduled pre-petition unsecured debt that requires satisfaction before any recovery would be available for equity holders. In March, the company and its units filed for Chapter 11 bankruptcy protection in the U.S. District Court for the Western District of Tennessee.
The Center City Commission issued a request for proposals for redevelopment of the Rhodes-Jennings and Court Annex Building. To view the RFP, visit www.dowtnownmemphis.com. A pre-bid conference and building tour are scheduled from 1 p.m. to 3 p.m. Wednesday starting at 114 N. Main St.
Bombay Co. raised more than $125,000 for St. Jude Childrens Research Hospital through its annual holiday bear promotion. Wilson, a limited edition bear, was sold during the holiday season for $18, with 10 percent of the proceeds donated to St. Jude. The bear, which is the fourth in a series to help raise money for the hospital, is named after Summer Wilson, a 5-year-old patient at St. Jude. Bombay Co. has raised $227,000 for St. Jude since 1998.
The Memphis Chapter of International Association of Administrative Professionals hosts its annual luncheon April 24 at the Adams Mark Hotel, 939 Ridge Lake Boulevard. The fee is $22. Program will include recognition of those who attained a rating last year as well as an announcement of the 2002 Memphis Area Administrative Professional of the Year. For information, e-mail Maxine Shepard, firstname.lastname@example.org or Janice Toshach, email@example.com.
Memphis-based EnSafe Inc. received the Grand Award for Engineering Excellence from the Consulting Engineers of Tennessee during an award banquet in March. EnSafe received the top award in the competition for cost-effective closure of a sanitary landfill in Grundy County, Tenn. By using mine spoils as a capping material, EnSafe saved the county about $900,000.