Lumber Company in Michigan

Sale of All the Assets used in to operate the business, including all real property and personal property owned by the P.D.M. Company, Inc. and Bingham Partners, Inc. The personal property includes equipment, inventory, accounts receivable, general intangibles, and other assets owned by Company.

The primary assets include the following: (a) two (2) parcels of real property owned by Bingham Partners, Inc.; (b) equipment, inventory and accounts receivable (the majority of which believe is uncollectable for various reasons) owned by P.D.M. Company, Inc.

P.D.M. Company, Inc. and Bingham Partners, Inc. collectively operate a lumber company. The Bingham Partners, Inc. owns the real property located at 8595 Bingham Road, Traverse City, Michigan on which P.D.M. Company conducts its lumber business. P.D.M. Company has been in the lumber business for over 30 years. The business consist of providing various wood products, finished and/or unfinished, to various customers. The Company's customers include lumber companies, general contractors, private individuals and other persons or entities. The Company supply a wide variety of wood products ranging from customized wood floors and doors to tables, molding, caskets and chairs.