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Published on 7/31/2008 in the Prospect News Distressed Debt Daily.

Diamond Glass reports $1 million net loss for June

By Caroline Salls

Pittsburgh, July 31 - Diamond Glass, Inc. reported a $1 million net loss for June on $15.31 million in revenues, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.

The figures compared to a $962,056 net loss reported in May on $15.29 million in revenues.

As of June 30, the company had $3.43 million in cash and cash equivalents, up from $1.68 million at the end of May.

Diamond Glass, a Kingston, Pa., automotive glass replacement and repair company, filed for bankruptcy on April 1. Its Chapter 11 case number is 08-10601.


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