October 22, 2007
Prospector
Profile
1019-09
 
Champion Parts, Inc. NAICS 336312
2005 West Avenue B Hope, AR 71801 Description Fuel Systems Mfg.
(870) 777-8821 Employees 291
http://www.championparts.com/ Revenue (mil) 18.0610
  Income (mil) 0.0100
  Assets (mil) 26.3980
  Liability (mil) 25.2510
  (for the year ended 2006-12-31)
 
Category: Bankruptcy
 
Event: Champion Parts, Inc. filed for Chapter 11 protection with the Bankruptcy Court for the Western District of Arkansas, case number 07-73253, before Judge James Mixon.
 
Intellectual Property: On November 6, 2006, the Company acquired from TAP Holdings LLC, doing business as Tomco Auto Parts, the inventory and certain intellectual property rights utilized in Tomco’s business of remanufacturing, distributing and selling carburetors and throttle body injectors, as well as the customer lists and related records of the Tomco business. [SEC Filing 10-K 04-17-07]
 
Description: The Company remanufactures fuel system components, air conditioning compressors, front wheel drive assemblies, and other underhood electrical and mechanical products.
 
Officers: Jerry A. Bragiel (Pres. & CEO); Kevin J. Cain (CFO & Sec.); John R. Gross (Dir.); Raymond F. Gross (Dir.); W. Jason Guzek (Dir.); Barry L. Katz (Dir.); Raymond G. Perelman (Dir.)
 
Attorneys: James F. Dowden, Esq.; Little Rock, AR; (501) 324-4700
 
Securities: Common Stock-Symbol CREBQ.OB; OTC BB; 3,655,266 common shares outstanding as of July 1, 2007.
 
Notes: Total Assets: $26,389,000 Total Debts: $25,251,000
 
 
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