Here is the status on all D&D Displays UCC filings
UCC filings can take up to 6 months to be updated.
20020075801B - terminated 8/2/2007 US Bancorp
20030115603B - Paid off-Schmalz vacuum system GE Capital Corporation
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20040074650K - Terminated 3/18/2005 Stiles Machinery
20040089752J - Paid off Weeke RNC 550 BB&T leasing *****
20040118845E - Terminated 12/29/2004 Stiles Machinery
20040119930M - Paid off Holzma Panel saw TCF Leasing *****
20050011605A - Paid off Pneumafil Dust Collector- First Lease *****
20050022137C - Weeke RNC 550 The Harwood Group
20060004110F - Terminated 4/3/2008 Benefactor Funding Corp
20070094351B - Wachovia - Gerber Scientific
20080016306H - Paid off Brandt KDN 350=Popular Equipment Finance*****
20080017124G - Paid off 3 forklifts and other equipment- Southern Community Bank and Trust *****
20080018923E - Terminated 4/2/2008 Stiles Machinery
20080022336H - Crestmark Capital
20080044527C - Gideon Financial- 12 month note - paid off
20080045991K - Jay Shott- 12 month note- Paid off
4/14/2010 1:42:10 PM
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The company has recently issued shares in support of its 2010 business plan. The company has a significant debt load, however, it is making progress. The company has two leases / loans related to equipment, one with BB&T and one with TCF Equipment Finance. The TCF agreement (originally over $250,000) has less than 10 months remaining at approximately $5,000 per month. The BB&T Agreement (originally over $191,000) has 5 months remaining at approximately $3,000 per month. The company intends to use additional capital to accelerate the payoff of these two major pieces of equipment. Once these two aforementioned loans / leases are paid in full, the company will focus on debts to individuals and organizations that have provided essentially "unsecured" loans. Resolution of these debts is critical to the company's plan to have a strong balance sheet by December 31, 2010. Further, the company has recently completed it's loan agreements and now owns outright 3 of its forklifts, and all of its other material handling equipment, including conveyers. All of these actions and intended actions are to strengthen the company's balance sheet. All of these actions and intended actions are in anticipation of a larger restructure of the company's credit facilities. The company expects lower operational costs and a lower selling, general, and administrative cost as a direct result of the elimination of this debt.
The company has no intentions of executing a reverse split of its common stock. Shareholders should expect product placement announcements once material events have occurred.
