Glassrobots Files for Reorganization; Several North American Creditors Listed

Glassrobots Oy of Finland applied for reorganization proceedings on October 8, 2008 at the District Court of Tampere. Petri Lamm, president of Glassrobots, told USGNN.com™ that the reorganization is similar to filing Chapter 11 in the United States and the company is currently operating as usual.

Claims were presented November 25 and the service of financial report given January 20, 2009. A proposition for a reorganization plan is expected March 6.

Glass industry companies listed as creditors include: Vesuvius USA for approximately $169,160 USD; Vitrododi International Company SpA for approximately $50,222 USD; and Wickham Glass in Bel Aire, Kan., for approximately $13,600 USD.

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