Exhibit 99.2

 

DEBTOR:		Adfitech, Inc.		CASE NUMBER:		09-17788-DK

OFFICE OF THE UNITED STATES TRUSTEE - BALTIMORE DIVISION

MONTHLY OPERATING REPORT

CHAPTER 11

BUSINESS DEBTORS

Form 2-A

COVER SHEET AND QUESTIONNAIRE ^[a]

For Period Ended September 30, 2009

Accounting Method:        x Accrual Basis        ¨ Cash Basis

 

 

THIS REPORT IS DUE 20 DAYS AFTER THE END OF THE MONTH

 

Mark One Box for Each Required Document:		Debtor must attach each of the following reports/documents unless the U. S. Trustee has waived the requirement in writing. File the original with the Clerk of Court. Submit a duplicate, with original signature, to the U. S. Trustee.

 

Report/Document Attached		Previously Waived		REQUIRED REPORTS/DOCUMENTS
x		¨		1. Cash Receipts and Disbursements Statement (Form 2-B)
x		¨		2. Balance Sheet (Form 2-C)
x		¨		3. Profit and Loss Statement (Form 2-D)
x		¨		4. Supporting Schedules (Form 2-E)
x		¨		5. Disbursements Summary (Form 2-F)
x		¨		6. Narrative (Form 2-G)
x		¨		7. Bank Statements for All Bank Accounts
x		¨		8. Bank Statement Reconciliations for all Bank Accounts

 

 

 

 

QUESTIONNAIRE		Yes		No
Please answer the questions below:
1. Is the business still operating?		x		¨
2. Were any assets (other than inventory) sold this month?		¨		x
3. Were all employees timely paid this month?		x		¨
4. Are all insurance policies and operating licenses current and in effect?		x		¨
5. Did you open any new bank accounts this month?		¨		x
6. Did you deposit all receipts into your DIP account this month?		x		¨
7. Have all taxes been timely paid (payroll, sales, etc.)?		x		¨
8. Are you current on U.S. Trustee quarterly fees payments?		x		¨

 

 

 

I declare under penalty of perjury that the following Monthly Operating Report, and any statements and attachments thereto are true, accurate and correct to the best of my belief.

 

Executed on:						Print Name:		Samuel E. Meek
						Signature:		/s/ Samuel E. Meek
						Title:		President

 

[a]	See Explanatory Statement, Reservation of Rights and Global Footnotes for Monthly Operating Report (Form 2-G) which is incorporated herein by reference.

---

DEBTOR:		Adfitech, Inc.		CASE NO:		09-17788-DK

Form 2-B

CASH RECEIPTS AND DISBURSEMENTS STATEMENT (SEE NOTE A)

For Period: September 2009

CASH FLOW SUMMARY

 

		Current Month				Accumulated
1. Beginning Cash Balance		$	10,077,933	(1)		$	7,985,024	(1)
2. Cash Receipts
Operations			2,940,800				15,140,675
Sale of Assets			0				0
Loans/advances			0				0
Total Cash Receipts			2,940,800			$	15,140,675
3. Cash Disbursements
Operations			2,445,423				12,091,539
Debt Service/Secured loan payment			0				0
Professional fees/U.S. Trustee fees			536,686				997,536
Other			0				0
Total Cash Disbursements			2,982,109			$	13,089,075
4. Net Cash Flow (Total Cash Receipts less Total Cash Disbursements)			(41,310	)			2,051,600
5. Ending Cash Balance (to Form 2-C)		$	10,036,624	(2)		$	10,036,624	(2)

CASH BALANCE SUMMARY

 

Account Name/Number		Institution		Bank Balance			Deposits In Transit			Outstanding Checks [2]				Book Balance
Petty Cash				$	7.06		$	—		$	—			$	7.06
Operating/xxx4580		Bank of Oklahoma			12,378.21			26.03			(314,523.90	)			(302,119.66	)
															—
Eurosweep/xxx1953		Bank of Oklahoma			10,274,164.44			—			—				10,274,164.44
															—
															—
Payroll/xx4591		Bank of Oklahoma			0.00			0.00			(581.21	)			(581.21	)
															—
Employee Benefit/xxx6216 [1]		Bank of Oklahoma			0.00			0.00			0.00				—
															—
Flex Spending/xxx7672 [1]		Bank of Oklahoma			0.00			0.00			0.00				—
															—
Utility Deposit/xxx9938		Bank of Oklahoma			65,153.02			0.00			0.00				65,153.02
TOTAL				$	10,351,702.73		$	26.03		$	(315,105.11	)		$	10,036,623.65	(2)
(must agree with Ending Cash Balance above)

 

[1]

These employee benefit accounts are maintained by a third-party administrator (“TPA”). Adfitech does not receive statements for these accounts. Adfitech funds these accounts based upon employee contributions or upon demand for payment by the TPA. All funds deposited to these accounts are restricted and are not available to Adfitech for operations.

[2]	Includes book/bank reconciling items.

(A)	The term “cash” includes all forms of currency i.e., checks, cash, money orders, etc.

(1)	Accumulated beginning cash balance is the cash available at the commencement of the case. Current month beginning cash balance should equal the previous month’s ending balance.

(2)	All cash balances should be the same.

 

Page 1 of 2

---

DEBTOR:		Adfitech, Inc.		CASE NO:		09-17788-DK

Form 2-B

CASH RECEIPTS AND DISBURSEMENTS STATEMENT (SEE NOTE A)

For Period: September 1, 2009 to September 30, 2009

 

CASH DISBURSEMENTS DETAIL		Account No:
(attach additional sheets as necessary)

 

Date		Check No.		Payee		Description (Purpose)		Amount
								$	2,982,109.00
See attached schedule
						Total Cash Disbursements		$	2,982,109.00	(1)

 

(A)	The term “cash” includes all forms of currency i.e., checks, cash, money orders, etc.

(1)	Total for all accounts should agree with total cash disbursements listed on Form 2-B, page 1

 

Page 2 of 2

---

CASE NAME: Adfitech, Inc.		CASE NUMBER: 09-17788-DK

Form 2-C

COMPARATIVE BALANCE SHEET

(Accrual Basis)

 

		September 30, 2009				Petition Date April 30, 2009
Assets
Current Assets
Cash
Petty Cash		$	7			$	22
Bank of Oklahoma Eurosweep Account			9,971,364				7,984,114
Bank of Oklahoma Operating Account			—				889
Bank of Oklahoma Flex Spending Account [1]			—				—
Bank of Oklahoma Employee Benefits Account [1]			—				—
Bank of Oklahoma Payroll Account			—				—
Bank of Oklahoma Utility Deposit Account			65,253				—
Total Cash			10,036,624				7,985,024
Accounts Receivable - Sales
Pre-petition: Due from Related Entities			—				37,500
Pre-petition: Other Receivables			76,616				2,996,545
Post-petition: Due from Related Entities			—				—
Post-petition: Other Receivables			3,349,446				—
Total Current Post-Petition Accounts Receivable			3,426,062				3,034,045
Employee Receivables			1				—
Prepaid Expenses			247,596				280,205
Total Current Assets			13,710,283				11,299,274
Other Assets
Land			2,017,000				2,017,000
Building (net of depreciation)			4,544,999				4,595,029
Furniture and Fixtures (net of depreciation)			119,337				155,571
Computer Hardware (net of depreciation)			691,690				788,156
Software (net of depreciation)			15,506				18,757
Total Fixed Assets Net of Depreciation			7,388,532				7,574,514
Goodwill			9,152,249				9,152,249
Total Other Assets			16,540,782				16,726,763
Total Assets		$	30,251,064			$	28,026,037
Liabilities and Stockholder’s Equity
Liabilities Not Subject to Compromise
Current Post-Petition Accounts Payable
Due to Related Entities		$	—			$	—
Post-Petition Accrued Payroll and Payroll Tax Expense			665,053				—
Interperiod over/under funding of benefit account			1,083				—
Post-Petition Accrued Property Taxes			41,725				—
Accrued Expenses (non-salary related)			26,000				—
Accrued State Income Tax (2009)			62,500				—
Accrued Professional Fees			—				—
Post-Petition Trade Payable			79,484				—
Total Current Post-Petition Accounts Payable			875,845				—
Total Liabilities Not Subject to Compromise			875,845				—
Liabilities Subject to Compromise [2]
Secured Creditor Claims			—				—
Unsecured Priority Claims			33,380				790,798
General Unsecured Claims - Pass-through Expenses			2,975				233,158
General Unsecured Claims - Non-pass-through Trade Claims			7,064				20,137
General Unsecured Claims - Guarantee			1,638,788,430				1,638,788,430
Total Liabilities Subject to Compromise			1,638,831,850				1,639,832,523
Total Liabilities			1,639,707,695				1,639,832,523
Stockholder’s Equity
Stockholder’s Equity			19,955,550				19,955,550
Retained Earnings - Pre-petition			(1,630,761,513	)			(1,631,762,036	)
Retained Earnings - Post-petition			1,349,333				—
Total Stockholder’s Equity			(1,609,456,630	)			(1,611,806,486	)
Total Liabilities and Stockholder’s Equity		$	30,251,064			$	28,026,037

 

 

Notes:

 

[1]	Restricted Cash

[2]	Petition date claim balance based on Scheduled Claims

 

---

CASE NAME: Adfitech, Inc.		CASE NUMBER: 09-17788-DK

Form 2-D

PROFIT AND LOSS STATEMENT

For the Period: September 2009

(Accrual Basis)

 

		Aug 2009				Sep 2009				Petition To Date
Operating Revenue
Quality Control		$	2,564,607			$	2,534,997			$	11,841,417
Professional fees			400				0				(781	)
Post Closing Services			220,048				229,413				1,058,849
Pre-Funding			1,560				1,680				15,560
Imaging			0				0				0
Physical Storage Fees			0				0				0
TMHL Underwriting			0				0				0
Occupancy Verification Fee			(575	)			450				400
Document Retrieval			23,390				23,485				125,530
Interest Income			3,796				4,152				20,358
Late Charges			3				228				1,222
Quality Jobs/TIPs Income			31,298				31,975				166,741
Miscellaneous Income			(1	)			0				2,279
Total Operating Revenue			2,844,526				2,826,379				13,231,574
Expenses
Salaries			1,198,697				1,237,467				6,034,272
Salaries - Additional Files & O/T			194,594				183,172				921,380
Benefits - 401K Matching			23,720				23,264				124,133
Employee Appreciation & Development			3,337				4,656				15,196
Employee Banquet			2,400				2,400				12,000
Contract Labor			3,680				1,440				9,280
Employee Recruitment Expense			529				2,914				12,395
Payroll Taxes			78,606				104,415				466,700
Payroll Processing Fee			2,186				1,912				9,595
Employee Health Insurance			227,021				260,200				1,168,685
Legal & Professional Fees (Ordinary Course)			6,100				10,219				24,583
Office Supplies			21,482				17,770				99,522
Copier Supplies			658				836				2,652
Software Expense			0				504				666
Telephone Expense			18,239				19,771				82,084
Printing			1,481				1,584				10,644
Postage			13,155				15,258				69,423
Shipping			30,083				23,933				123,657
Strategic Partners Expense			1,435				2,830				6,410
Insurance Expense			5,425				5,425				26,678
QC Appraisals			184,824				141,099				818,732
QC Appraisals (Contra)			(181,889	)			(147,805	)			(821,687	)
QC Reverifications			17,069				(74,178	)			(65,976	)
In-File Credit Reports			21,163				0				43,494
Mtg. Credit Reports			6,361				175,034				477,501
Mtg. Credit Reports (Contra)			(4,219	)			(99,880	)			(405,199	)
Outsourced External Data			20,659				24,702				113,460
Property Value Requests			0				0				0
External Collateral Reviews			0				(595	)			(9,340	)
Filing Fees			0				0				(20	)
High Cost Check			(3,437	)			1,047				(16,775	)
Depreciation			44,246				44,352				221,605
Fares and Lodging			3,382				2,302				12,376
Meals - Travel			0				0				56
Auto Expense Reimbursement			87				36				167
Conference Expense			259				7,201				16,230
Entertainment			1,281				56				4,755
Meals & Entertainment			0				0				0
Advertising			11,283				6,696				36,869
Contributions			0				0				250
Business Promotion			0				500				513
Lease-Co Location - AT&T			5,627				5,627				28,135

---

CASE NAME: Adfitech, Inc.		CASE NUMBER: 09-17788-DK

Form 2-D

PROFIT AND LOSS STATEMENT

For the Period: September 2009

(Accrual Basis)

 

		Aug 2009				Sep 2009			Petition To Date
Physical Storage Fees			548				528			2,222
Document Recycling			6,838				6,427			34,429
Equipment Expense			19,128				27,346			114,956
Hardware & Software Maintenance			12,444				15,799			67,349
Processing & Administration Fees			0				917			1,847
Dues & Subscriptions			4				0			2,172
Miscellaneous Taxes			1,280				1,280			9,750
Miscellaneous Expense			0				0			0
Bank Account Fees			1,339				1,230			6,874
Bad Debt Expense			0				56,998			58,926
Buildings - Taxes & Insurance			8,351				8,351			41,699
Building - Maintenance & Supplies			20,168				9,278			68,349
Building - Utilities			20,645				18,658			88,910
Total Expenses Before Taxes			2,050,266				2,152,976			10,172,585
Net Income (Loss) Before Taxes			794,259				673,404			3,058,989
State Income Tax Expense			12,500				12,500			62,500
Reorganization Expenses			(74,031	)			438,605			999,455
Net Income (Loss)		$	855,791			$	222,299		$	1,997,035

---

DEBTOR:		Adfitech, Inc.		CASE NO:		09-17788-DK

Form 2-E

SUPPORTING SCHEDULES

For Period: September 1, 2009 to September 30, 2009

POST PETITION TAXES PAYABLE SCHEDULE

 

		Beginning Balance (1)			Amount Accrued			Amount Paid			Date Paid		Check Number		Ending Balance
Income Tax Withheld:
Federal		$	0		$	117,184		$	117,184		various		wire		$	0
State			0			43,662			43,662		various		wire			0
FICA Tax Withheld			0			91,774			91,774		various		wire			0
Employer’s FICA Tax			0			91,773			91,773		various		wire			0
Unemployment Tax
Federal			0			392			392		various		wire			0
State			0			3,542			3,542		various		wire			0
Accrued Payroll Taxes [1]			33,328			8,707			0							42,035
Sales, Use &
Excise Taxes			0			0			0							0
Property Taxes			33,380			8,345			0							41,725
Accrued Income Tax:
Federal			0			0			0							0
State			50,000			12,500			0							62,500
Other:			0			0			0							0
TOTALS		$	116,708		$	377,879		$	348,327						$	146,260

 

[1]	Debtor does not breakdown accrued payroll taxes for payroll due through month-end between that due for federal and state taxing authorities. This accrual is presented as a single number for the purposes of this report.

(1)	For first report, Beginning Balance will be $0; thereafter, Beginning Balance will be Ending Balance from prior report.

INSURANCE SCHEDULE

 

		Carrier		Amount of Coverage			Expiration Date		Premium Paid Through
Workers’ Compensation		The Hartford		$	500,000		1/1/10		1/1/10
General Liability		The Hartford		$	2 Mil/$4 Mil		6/1/10		6/1/10
Property (Fire, Theft)		The Hartford		$	2 Mil/$4 Mil		6/1/10		6/1/10
Vehicle		N/A
Other (list):
Employee Dishonesty		Travelers		$	200,000		4/8/11		4/8/10

 

Page 1 of 2

---

DEBTOR:		Adfitech, Inc.		CASE NO:		09-17788-DK

Form 2-E

SUPPORTING SCHEDULES

For Period: September 1, 2009 to September 30, 2009

ACCOUNTS RECEIVABLE AND POST PETITION PAYABLE AGING

 

Due		Accounts Receivable				Post Petition Accounts Payable
Under 30 days		$	2,921,225			$
30 to 60 days			315,210				0
61 to 90 days			99,184				0
91 to 120 days			13,128				0
Over 120 days			700				0
Total Post Petition			3,349,446
Pre Petition Amounts			76,616	[1]
Total Accounts Receivable		$	3,426,062
Less: Bad Debt Reserve			0
Net Accounts Receivable (to Form 2-C)		$	3,426,062
			Total Post Petition Accounts Payable			$	0

[1]

During the reporting period, Debtor wrote off $37,500 of accounts receivable from a related debtor, TMST Home Loans, Inc., formerly known as Thornburg Mortgage Home Loans, Inc., as uncollectable.

*

Attach a detail listing of accounts receivable and post-petition accounts payable

SCHEDULE OF PAYMENTS TO ATTORNEYS AND OTHER PROFESSIONALS ^[1]

 

		Month-end Retainer Balance			Current Month’s Accrual				Paid in Current Month				Date of Court Approval		Month-end Balance Due*
Venable LLP		$	0		$	0			$	100,548	[2]		5/22/07		$	0
Orrick Herrington, et al			0			0				69,016	[2]		5/4/09			0
Quinn Emmanual			0			0				25,698	[2]		5/20/09			0
Houlihan Lokey			0			7				100,007			6/5/09			0
Protiviti Inc.			0			0				157,949	[2]		51/09			0
JH Cohn			0			0				81,309	[2]		6/12/09			0
Tydings & Rosenberg			0			0				2,160	[2]		6/12/09			0
U.S. Trustee			0			0				0						0
Other:			0			0				0						0
Total		$	0		$	7			$	536,686					$	$0

 

[1]

Debtor is one of a group of debtors administratively consolidated under Case No. 09-17787-DK. The professionals working for the consolidated debtors are incurring time on behalf of both Adfitech and the other debtors. Time for these professionals has not yet been allocated between the estates for all periods. Where this allocation has been done, the fees specific to Adfitech will be presented here. For all other fees, please refer to the monthly operating report filed for the other consolidated debtors.

[2]

A portion of the professional fees charged to the administratively consolidated debtors and paid by TMST, Inc. (“TMST”), a related debtor, for the periods May and June were allocated to Adfitech during this reporting period. During the reporting period, Adfitech paid a total of $436,679.46 to TMST to reimburse for these allocated fees.

*	Balance due to include fees and expenses incurred but not yet paid.

SCHEDULE OF PAYMENTS AND TRANSFERS TO PRINCIPALS/EXECUTIVES**

 

Payee Name		Position		Nature of Payment		Amount
Officers		various		Salary/Commission		$	74,828
Officers		various		Bonus			39,293
Officers		various		401K Contribution			8,322
Officers		various		Expense Reimbursement			8,563

 

**	List payments and transfers of any kind and in any form made to or for the benefit of any proprietor, owner, partner, shareholder, officer or director.

 

Page 2 of 2

---

DEBTOR:		Adfitech, Inc.		CASE NO:		09-17788-DK

Form 2-F

DISBURSEMENT SUMMARY

For the Month Ended: September 2009

QUARTERLY DISBURSEMENT CALCULATION

 

1

Disbursements made in calendar quarter

 

July 2009		$	3,137,824
August 2009			2,372,579
September 2009			2,982,109
Quarterly Total		$	8,492,512

FEE SCHEDULE

 

Quarterly Disbursements		Fee			Quarterly Disbursements		Fee
$0 to $14,999		$	325		$1,000,000 to $1,999,999		$	6,500
$15,000 to $74,999		$	650		$2,000,000 to $2,999,999		$	9,750
$75,000 to $149,999		$	975		$3,000,000 to $4,999,999		$	10,400
$150,000 to $224,999		$	1,625		$5,000,000 to $14,999,999		$	13,000
$225,000 to $299,999		$	1,950		$15,000,000 to $29,999,999		$	20,000
$300,000 to $999,999		$	4,875		$30,000,000 or more		$	30,000

 

 

 

Interest will be assessed on Chapter 11 quarterly fees not paid by the end of the month following the end of the calander quarter pursuant to 31 U.S.C. Sec. 3717. The interest rate assessed is the rate in effect as determined by the Treasury Department at the time the account becomes past due.

Failure to pay the quarterly fee is cause for conversion or dismissal of the chapter 11 case. [11 U.S.C. Sec. 1112(b)(10)]

 

Page 1 of 1

---

 

DEBTOR:		Adfitech, Inc.		CASE NO:		09-17788-DK

Form 2-G

NARRATIVE

For the Month Ended: September 2009

Please provide a brief description of any significant business and legal actions taken by the debtor, its creditors, or the court during the reporting period, any unusual or non-recurring accounting transactions that are reported in the financial statements, and any significant changes in the financial condition of the debtor which have occurred subsequent to the report date.

EXPLANATORY STATEMENT,

RESERVATION OF RIGHTS AND GLOBAL FOOTNOTES

FOR MONTHLY OPERATING REPORT

The Debtor reserves all rights to dispute the amount, allowance, priority, treatment and/or secured or other status of any and all claims against the Debtor or its estate referred to herein. The Debtor reserves the right to (a) amend and supplement this Monthly Operating Report from time to time, and (b) assert any and all potential claims and causes of action of the Debtor’s estate regardless of whether such claim or cause of action is identified herein. Any values presented are not and should not be deemed to be an admission, representation or waiver with respect to the actual value of any asset or amount of any liability or claim. The actual realizable value and/or fair market value of assets, liabilities and claims may differ significantly from the values presented.

The Debtor prepared this Monthly Operating Report with the assistance of its financial advisor, Protiviti Inc. (“Protiviti”), based upon the information available to date. This Monthly Operating Report does not purport to present financial statements in accordance with Generally Accepted Accounting Principles, and the information contained herein has not been subjected to audit or review by Protiviti or any other party on behalf of the Debtor.

This Explanatory Statement, Reservation of Rights and Global Footnotes is hereby incorporated by reference into, and comprises an integral part of, the Debtor’s Monthly Operating Report and should be referred to and considered in connection with any review of the report.

NARRATIVE

ADFITECH, Inc. (“Adfitech”) continues to operate as a going concern. Adfitech is an independently-operated, wholly-owned subsidiary of TMST Home Loans, Inc., formerly known as Thornburg Mortgage Home Loans, Inc. (“TMHL”), and provides mortgage-related auditing and quality control consulting services to financial institutions. Adfitech is self-funded, has its own separate workforce and bank accounts, and operates independently from the TMST Debtors including TMST, Inc., formerly known as Thornburg Mortgage, Inc. (“TMST”), and TMHL at offices located in Edmond, Oklahoma on unencumbered real estate owned by Adfitech.

On September 16, 2009, the United States Trustee filed a Motion for an Order Directing the Appointment of a Chapter 11 Trustee or, in the Alternative, an Examiner [TMST Docket No. 362]. On September 21, 2009, the Court held a status conference and scheduled a hearing on the United States Trustee’s motion for October 7, 2009. The hearing commenced on October 7, 2009 and has been continued to October 20, 2009.

The events related to the United States Trustee’s motion are described in the separate monthly operating report for September 2009 filed by TMST and the other TMST Debtors in Case No. 09-17787 (DWK). Adfitech and its officers and employees were not involved in those events.

Adfitech, the Official Committee of Unsecured Creditors (the “Creditors’ Committee”), and their respective advisors continue to work together in a collaborative manner. The parties’ respective advisors were in frequent contact during the month and made progress in addressing the information requests of the Creditors’ Committee with respect to Adfitech and its ongoing operations.

 

Page 1 of 1

---

DEBTOR:		Adfitech, Inc.		CASE NO:		09-17788-DK

Form 2-G

NARRATIVE

For the Month Ended: 9/30/2009

NARRATIVE

On August 25, 2009, Adfitech and the TMST Debtors filed a motion to extend the exclusive periods during which they may file a Chapter 11 plan or plans and solicit acceptances thereof. On September 14, 2009, the Court entered an Order extending the exclusive periods to October 28, 2009 and December 27, 2009, respectively.

As previously reported, the Debtors at the request of the Creditors’ Committee decided to stop the sale process for Adfitech and to work with the Creditors’ Committee to formulate a Chapter 11 plan of reorganization for Adfitech. On October 16, 2009, Adfitech successfully concluded its discussions with the Creditors’ Committee and filed its Chapter 11 Plan of Reorganization [Adfitech Docket No. 21].

Effective September 15, 2009, Larry Goldstone and Clarence G. Simmons, III resigned as directors of Adfitech. On October 6, 2009, Anne-Drue M. Anderson was elected as a director of Adfitech. Thomas G. Apel, the Chairman and Chief Executive Officer of Adfitech, resigned as an officer and director effective October 13, 2009. At a meeting of the Adfitech Board of Directors held on October 12, 2009, the current President of Adfitech, Samuel E. Meek, was elected as a director and Ms. Anderson was selected as Chairman of the Board. Adfitech is engaged in discussions with Mr. Apel about his continuing to assist Adfitech by serving as a consultant on an hourly basis.

During the reporting period, Adfitech determined that the pre-petition accounts receivable amount of $37,500 related to TMHL would be uncollectible and, accordingly, that receivable was written off as a bad debt.

During the month of September, Adfitech filed its monthly operating report for the period August 1 through August 31, 2009.

The quarterly fees owed to the United States Trustee for the quarter ending September 30, 2009 were paid on or about October 13, 2009.

 

Page 1 of 1

---

2009 September Disbursements Adfitech (Form 2B)

 

ACENITEC		150.00
Adfitech Payroll		840,170.63
ADP		2,828.58
ADP SCREENING & SELECTION SERVICES		2,515.98
ADP Tax		348,328.38
ADP Tx		68,664.49
AFLAC		5,938.25
ALEX TRAN		292.58
ALLSTATE APPRAISAL		1,975.00
AMERICAN HERITAGE LIFE INSURANCE CO.		218.72
AMERITECH OUTDOOR CREATIONS, LLC		255.00
AT&T		213.27
AT&T -IL		4,186.57
AT&T - NEWARK		5,627.00
AT&T BUSINESS SERVICES		213.77
AT&T MOBILITY (CINGULAR)		1,444.98
AVAYA, INC.		5,747.28
B S A APPRAISALS		175.00
Bank of Oklahoma Anlaysis		1,361.67
BETTY CAGLE		350.00
BILL LEWIS APPRAISAL COMPANY		875.00
BILLING SOLUTIONS, INC.		6,181.65
BUSINESS IMAGING SYSTEMS, INC.		7,862.65
CASTLE & COOKE MORTGAGE, LLC		11,920.40
CHASE - BANK ONE		2,521.11
CHRIS WEBER		36.30
CHRISTINE MARIE SCHWARTZ		1,440.00
CITY OF EDMOND		18,523.23
CLEAR CAPITAL		33,225.00
CLEARINGHOUSE, ATLAS# 000405390800		211.00
COLE & REED, P.C.		9,300.00
COMFORT, INC.		165.06
COX COMMUNICATIONS		3,651.69
DAVID PARMER		414.84
DEBORAH MAPLE		140.00
DELL MARKETING L.P.		8,763.64
DISCOVER BANK		383.84
EMC NATIONAL LIFE CO.		246.56

 

Monday, October 19, 2009

 

Page 1 of 4

---

Employee Benefit Accounts		299,128.62
Employees		114,111.13
FARMER BROTHERS COFFEE		1,174.68
FEDEX		30.08
FIELD VERIFICATION ASSOCIATES		145,326.50
FIRST AMERICAN CREDCO		175,034.25
FORT DEARBORN LIFE INSURANCE CO.		2,054.22
FOURTH DIMENSION NETWORKS CORP.		198.00
FRANCO-POSTALIA		646.50
FRED WEBER		3,294.31
GABINO’S LAWN & LANDSCAPE		1,650.00
GENERAL MAILING EQUIPMENT, INC.		487.76
GREAT PLAINS COCA COLA BOTTLING CO.		926.90
HEDGPATH APPRAISAL COMPANY		525.00
HOULIHAN LOKEY HOWARD & ZUKIN		100,007.00
JH Cohn (Allocated reimbursement to TMST)		81,308.96
JOEL C. HALL		317.48
JOHN J. ROSENHAMER		1,271.45
JOHNSON APPRAISAL SERVICE		175.00
JONES APPRAISAL SERVICE		325.00
KATHY HUFF		632.61
LANDAMERICA LENDER SERVICES/ONE STOP		24,450.00
LENDERS ONE		2,830.00
LENDING FORMS		1,097.64
LEXIS-NEXIS		54.46
LINCOLN COUNTY APPRAISALS		450.00
LOVE, BEAL, & NIXON P.C.		916.22
MAVENT INC.		3,304.60
MAZZIO’S		212.17
MCAFEE & TAFT		1,517.63
METLIFE SMALL BUSINESS CENTER		11,207.27
MIDCON DATA SERVICES, INC.		528.00
MINUTEMAN PRESS		1,583.66
MISC FEES PAYEE		23,894.50
NAFCU		300.00
NATIONAL REAL ESTATE INFORMATION SERVICE		53,070.00
NSTN		2,030.00
NVMS		50.00
OFFICE DEPOT, INC.		245.54
OFFICE OF THE ATTORNEY GENERAL		277.84
OFFICEMAX CONTRACT, INC.		10,357.34

 

Monday, October 19, 2009

 

Page 2 of 4

---

OKLAHOMA DEPARTMENT OF HUMAN SERVICES		628.23
OKLAHOMA DUSTERS, INC.		5,776.11
OKLAHOMA NATURAL GAS		134.40
OKLAHOMA TAX COMMISSION		130.03
Orrick Herrington (Allocated reimbursement to TMST)		69,015.50
Payroll Tax Refund		153.92
PHILADELPHIA AMERICAN LIFE INSURANCE CO.		22.50
PIONEER CREDIT RECOVERY, INC.		180.54
Postalia		10,000.00
POSTMASTER		5,000.00
PRESORT FIRST CLASS, INC.		574.01
Protiviti (Allocated reimbursement to TMST)		157,949.01
Quinn Emmanuel (Allocated reimbursement to TMST)		25,698.00
RACO INDUSTRIES		3,317.52
RCC Adjustment		1,739.90
Reconciling Item		-12,411.00
ROSA RESENDE		1,042.50
SAFEGUARD PROPERTIES, INC.		1,350.00
SAINTS OCCUPATIONAL HEALTH NETWORK		270.00
SAM’S CLUB		2,841.76
SAMUEL E. MEEK		1,352.85
SECONDARY MARKETING EXECUTIVE		5,104.25
SHRED-IT OKLAHOMA CITY		6,426.90
SPRINT		6,988.15
STANDLEY SYSTEMS		836.22
STEPHEN E. MEYER INC.		1,050.00
STEVEN RUSSELL		130.28
SUN LIFE & HEALTH INSURANCE CO.		8,890.10
SUZANNE K. BLOYED REAL ESTATE APPRAISALS		525.00
T E ALLEN APPRAISALS		400.00
TG’S LASER SUPPLY & SUPPORT LTD. CO.		15,853.49
THE BRADY GROUP		2,850.00
THOMAS G. APEL		2,504.63
THOMPSON WEST		24,509.25
Tydings & Rosenberg (Allocated reimbursement to TMST)		2,159.50
UNITED PARCEL SERVICE		23,902.57
UNITED WAY GOLF TOURNAMENT		500.00
UNIVERSAL CREDIT SERVICES		14,428.00
Venable (Allocated reimbursement to TMST)		100,548.49
VISION SERVICE PLAN OF OKLAHOMA		2,910.99
WEBROOT SOFTWARE		504.00

 

Monday, October 19, 2009

 

Page 3 of 4

---

ZEE MEDICAL SERVICE CO.			163.03
ZONES, INC.			22,637.64
Grand Total		$	2,982,109.71

 

Monday, October 19, 2009

 

Page 4 of 4