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|Parents and kids take part in a bubble run during an event to celebrate the National Day in Langfang Sebastian Aho Hurricanes Jersey , north China's Hebei Province, Sept. 24, 2017. China's National Day holidays will last from Oct. 1 to Oct. 8 this year. (XinhuaLiu Xuemin)
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dippin dots nutrition Justin Williams Hurricanes Jersey , The ice cream for the future is struggling to survive.
Following a four-year struggle with its biggest lender, Dippin’ Dots Inc. declared Chapter 11 bankruptcy protection on Thursday in U.S. Bankruptcy Court in Paducah, Ky., to prevent foreclosure.
The maker from the quirky and colorful frozen treats beads, which are flash frozen using liquid nitrogen, owes $12 million Jordan Staal Hurricanes Jersey , the majority of it to a unit of Regions Financial Corp., which moved to foreclose on the loan now.
The 170-worker company, which calls its frozen treat “ice cream for the future,” fell into technical default four years ago at the peak of the financial crisis, when customers were no more willing to spend the few dollars it cost for a cup.
It has about 140 Dippin’ Dots retail locations, which are mostly controlled by franchisees Noah Hanifin Hurricanes Jersey , and agreements with 9,952 small vendors who sell the ice cream at fairs, festivals and sporting activities. It isn’t sold in supermarkets due to the extreme cooling requirements.
Its sales woes came in the tail end of an expensive legal battle-one the company ultimately lost-over whether founder Curt Jones properly filed the patents that protected its special freezing process.
“All of this hit us simultaneously,” said Steve Heisner, the company’s director of administration, customer support and knowledge systems.
dippin dots nutrition Authentic Teuvo Teravainen Jersey , Mr. Heisner asserted Dippin’ Dots offered Regions several proposals to pay for a portion of their loan, but the bank rejected the offers before posting foreclosures notice on Tuesday. A representative for Regions Bank declined to comment.
The company said its assets are valued at $20.Two million. It owns a 120,000-square-foot plant in Kentucky that can produce more than 25,000 gallons of frozen dots each day.
Mr. Heisner said the company doesn’t expect to sell its operations, which are still mostly owned by Mr. Jones, a microbiologist who started the organization in 1988. The organization has been hailed as an achievement in entrepreneurship by celebrities for example Oprah.
The organization said hello sales are slowly recovering. By Thursday Authentic Jaccob Slavin Jersey , it reported having $27.7 million in revenue, above last year’s $26.7 million.
Company executives sought court permission to invest some of the cash collateral that secures the Regions Bank loan make it possible for it to carry on operations. The court set a Nov. 17 hearing on its request.
“Without use of the cash collateral…[the company] won’t be able to pay its vendors, and it is vendors will probably cease to supply products or services towards the debtor on credit,” the company’s attorneys explained in the court documents.
Based on the company’s proposed price range, it’ll need a minimum of $23,000 to pay for liquid nitrogen alone with the end of the year. The liquid nitrogen is used to help keep the frozen treats dots below the necessary temperature of minus 40 degrees Fahrenheit.dippin dots nutrition
The author is a certified business and life discipline. He has a diverse background as a Management Consultant to Fortune 500 and small businesses for the past 20 years. He graduated from Grambling Authentic Victor Rask Jersey , RPI and Harvard University.
As millions in China head home to celebrate the Chinese New Year holiday with their families, 24-year-old Luoluo is busy answering messages on a mobile app from desperate men looking to hire an instant girlfriend whom they can present to mum and dad.
On visits home during the holiday, which kicks off on Friday, single people are often subjected to tough lectures from relatives keen on reinforcing the importance of marriage and securing the family blood line.
Some singles resort to hiring fake girlfriends and boyfriends to appease their parents. But an explosion in smartphone use in recent years means one can now pay for such a date through a handful of mobile apps, with just a few clicks.
"Over 1,000 users on our platform have signed up as dates for hire for the New Year break Authentic Scott Darling Jersey ," Cao Tiantian, founder of date-for-hire app Hire Me Plz, told Reuters.
Subscribers to the app pay from as little as 1 yuan (US$0.15) to 1,999 yuan an hour for a dinner date, a chat, a game of mah-jong or even a foot massage.
Prices surge around the time of Chinese New Year Authentic Elias Lindholm Jersey , with thousands of attractive twenty-somethings like Luoluo commanding fees of 3,000 yuan to 10,000 yuan a day.
"I'm still seeking people to fill my time slots," said the woman from the southwestern province of Sichuan, who has just two half-day slots left to fill over the next seven days.
"But only those who stay in the same province as me. I don't have time to waste on travel," she added.
Apart from Hire Me Plz Authentic Brock McGinn Jersey , there are five major date-hiring apps in China, which make their money by taking a cut from hires, and also from subscription fees.
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