Assembly Technology Inc.

Assembly Technologies Inc., a Mississauga, Ontario company, filed a notice of intention to make a proposal under subsection 50.4(1) of the Bankruptcy and Insolvency Act on April 6, 2004, with Grant Thornton Limited as trustee, court file 32-144825. No proposal was filed, and the company was deemed bankrupt as of June 22, 2004. The Statement of Affairs sworn June 21, 2004 reports total assets of nil against liabilities of $1,687,143.27, comprising $1,674,883.01 in unsecured claims across 101 entries and $12,260.26 in preferred claims for employee accrued vacation pay and the landlord, leaving a deficiency of $1,687,143.27. The largest stated claims are TBA Global Turn Key Systems Inc. at $675,000, Intesa Bank of Canada at $300,000, Machine Control Systems at $150,550.88 and Technomatic SpA at $131,998.89.