SHELLS SEAFOOD RESTAURANTS INC (fka SHLL)

[Seminole Red]

Maxwell Media Marketing: The Serious-Speculator.com Movers and Shakers for Thursday, September 4, 2008 - SHLL, ESPH, WWEI, SSTP

Sep 04, 2008 (M2 PRESSWIRE via COMTEX) -- Maxwell Media Marketing: Serious Speculator's Market Movers and Shakers for today and tomorrow include: Shells Seafood Restaurants, Inc. (OTCBB: SHLL), Ecosphere Technologies, Inc. (OTCBB: ESPH), Welwind Energy International Corp. (OTCBB: WWEI), Sustainable Power Corp. (Pink Sheets: SSTP)
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TODAY'S MOVERS AND SHAKERS: Top Story

SHELLS SEAFOOD RESTAURANTS, INC. - Bankruptcy can be a good thing?

Shells Seafood Restaurants, Inc. (OTC Bulletin Board: SHLL) jumped 23% in heavy trading on the news of September 4, 2008 that announced that it has filed a voluntary petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code. The filing was made in the U.S. Bankruptcy Court for the Middle District of Florida, Tampa Division. Shells owns eighteen restaurants with a partial interest in two additional restaurants, but today closed operations at eight locations. The eight closed restaurants are located in Ocala, Winter Park, Orlando, Kissimmee, Winter Haven, St Petersburg, Holmes Beach and Ft Myers. Four other "Shells" locations managed and operated by the company, as well as the partially owned and managed "Rock Beach Grill" restaurant, are not included in this petition. To read the entire story, click here: http://biz.yahoo.com/prnews/080903/clw148.html?.v=1