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IOVE's Bankruptcy Claims Fund, Inc. prepared and submitted request for notice in the Lehman Brothers Holdings bankruptcy so that it receives the opportunity to fully participate. The Bankruptcy Claims Fund owns in excess of $8,000,000.00 of Lehman Brothers Holdings debt including guaranteed Capital Trust shares that trade as LEHKQ, LEHLQ, LHHMQ, and LEHNQ. IOVE cautions investors that the Company, while optimistic as to the prospects, warns that the bankruptcy court proceeding will not result in a payout of the face value on the claims. Bankruptcy Claims Fund continues to look for opportunities in other bankruptcy cases.
Telecom Tools, Inc., 45% owned by IOVE subsidiary Italian Oven Intellectual Property Corp., continues finishing its patent application for modifications of popular tools used by telephone technicians.
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