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dippin dots nutrition Wholesale Denver Nuggets Jersey , The frozen treats for the future is struggling to outlive.


After a four-year battle 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 of the quirky and colorful ice cream beads, which are flash frozen using liquid nitrogen Wholesale Dallas Mavericks Jersey , owes $12 million, the majority of it to some unit of Regions Financial Corp., which gone to live in confiscate the loan this week.


The 170-worker company, which calls its frozen treat “ice cream of the future,” fell into technical default 4 years ago in the peak from the financial crisis Wholesale Cleveland Cavaliers Jersey , when customers were no more willing to spend the few dollars it cost for a cup.


It’s about 140 Dippin’ Dots retail locations, that are mostly controlled by franchisees, and agreements with 9,952 small vendors who sell the ice cream at fairs, festivals and sports games. It’s not bought from supermarkets because of its extreme cooling requirements.


Its sales woes came in the tail end of an expensive legal battle-one that the company ultimately lost-over whether founder Curt Jones properly filed the patents that protected its special freezing process.


“All of that hit us simultaneously Wholesale Chicago Bulls Jersey ,” said Steve Heisner, the company’s director of administration, customer support and knowledge systems.


dippin dots nutrition, Mr. Heisner said that Dippin’ Dots offered Regions several proposals to pay for some of their loan, however the bank rejected the offers before posting a foreclosure notice on Tuesday. A representative for Regions Bank declined to comment.


The organization said its assets are valued at $20.2 million. It owns a 120 Wholesale Charlotte Hornets Jersey ,000-square-foot plant in Kentucky that may produce more than 25,000 gallons of frozen dots each day.


Mr. Heisner said the company doesn’t be prepared to sell its operations, that are still mostly of Mr. Jones, a microbiologist who started the organization in 1988. The company continues to be hailed being an achievement in entrepreneurship by celebrities such as Oprah.


The company said it sales are slowly recovering. As of Thursday, it reported having $27.7 million in revenue Wholesale Brooklyn Nets Jersey , above last year’s $26.7 million.


Company executives sought court permission to spend a few of the cash collateral that secures the Regions Financial loan to enable it to continue operations. The court set a Nov. 17 hearing on its request.


“Without utilisation of the cash collateral…[the company] will not be able to pay for its vendors, and its vendors will probably cease to provide goods and 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 cover liquid nitrogen alone with the end of the season. The liquid nitrogen is used to help keep the ice cream dots below the required temperature of minus 40 degrees Fahrenheit.dippin dots nutrition


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CAPE TOWN, Sept. 22 (Xinhua) -- South African Finance Minister Malusi Gigaba on Friday expressed deep concern over unethical practices currently surrounding KPMP and urged government departments to review relations with the international auditing firm.


All government departments and their entities must consider reviewing their work programs with KPMG to ensure that their audit processes have not been compromised in any way, and to take appropriate steps if it has been compromised, Gigaba said.


In this regard, the government should explore possible regulations for both the public and private sector in an effort to ensure and preserve the integrity and good governance in the audit fraternity Wholesale Atlanta Hawks Jersey , the minister said.


This move will not only ensure that companies diversify their audit options but also build in a peer review oversight mechanism, said Gigaba.


"It cannot be in the interest of good governance to have one audit firm auditing a company perpetually," he added.


KPMG has been under fire for immoral and unethical auditing practices in South Africa.


Last Friday KPMG withdrew its report into the so-called "rogue unit" in the South African Revenue Services (SARS).


The report, which cost SARS 23 million rand (about 1.8 million U.S. dollars), delved into the legality of an elite crime investigative unit within SARS in 2007.


The reporot found irregularities in the establishment of the unit accused of spying on taxpapers Wholesale Authentic Basketball Jerseys , including VIPs, through illegal intelligence gathering.


KPMG admitted that its report on SARS lacked sufficient evidence to conclude findings of a "rogue unit" and offered to repay the 23-million-rand fee it received from SARS.


The report was partly instrumental in the downfall of former finance minister Pravin Gordhan, who was accused of knowing and endorsing the "rogue unit" when he was SARS Commissioner between 1999 and 2009.


Allegations around the unit's work led to Gordhan being criminally charged. However, the National Prosecuting Authority (NPA) eventually declined to prosecute Gordhan.


"The developments over the past week surrounding KPMG have reaffirmed our position that there must be mandatory rotation of audit firms," Gigaba said.


KPMG's practices have created a bad image and have undermined the reputation of good governance and audit independence in one of the key sectors and institutions in South Africa's economy Wholesale Basketball Jerseys , Gigaba said.


Recent developments further highlight the risks posed by market dominance and concentration of a few firms in key industries and offer y. Cheap Jerseys Cheap Shirts Cheap Hoodies Cheap Hoodies Cheap Jerseys Wholesale Cheap Authentic Jerseys Cheap NHL Jerseys Wholesale Wholesale Jerseys China Wholesale Jerseys China Wholesale Basketball Jerseys


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