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Published on 10/3/2005 in the Prospect News Distressed Debt Daily.

Gadzooks posts $28,909 August operating loss

By Caroline Salls

Pittsburgh, Oct. 3 - Gadzooks Inc. showed a $28,909 operating loss for August on zero revenues, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the Northern District of Texas.

The operating loss narrowed from $52,172 in July, while sales held at zero.

The net loss for August was $34,164, down from a $113,564 July net loss.

Cash on Aug. 31 was $2.39 million, compared to $2.44 million at the end of July.

The Dallas-area apparel retailer filed for bankruptcy on Feb. 3, 2004. Its Chapter 11 case number is 04-31486.


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