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Published on 11/18/2014 in the Prospect News Distressed Debt Daily.

NE Opco marks net loss of $28,479 for October; sales remain at zero

By Kali Hays

New York, Nov. 18 – NE Opco, Inc. reported a net loss of $28,479 on zero net sales for October, according to its monthly operating report filed Nov. 18 with the U.S. Bankruptcy Court for the District of Delaware.

Those numbers compare to a net loss of $27,880 in September, also on zero net sales.

The company posted $761,037 in cash and cash equivalents as of Oct. 31, up slightly from $751,074 at the end of September.

NE Opco, a Frisco, Texas-based privately held envelope manufacturer doing business as National Envelope, filed for bankruptcy on June 10, 2013. Its Chapter 11 case number is 13-11483.


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