May 25, 2016 8:42 PM ET

Specialty Retail

Company Overview of NewZoom, Inc.

Company Overview

NewZoom, Inc., doing business as ZoomSystems, operates an automated retail channel. It operates ZoomShops, a custom-branded automated self-service retail stores that facilitates online shopping. The company also provides local procurement, inventory management, logistics management, merchandising and technical field, creative development, account management, project management, and call center services. It has ZoomShop network locations in airports, malls, resorts, military bases, and retail stores in the United States, Europe, and Japan. The company was formerly known as ZoomSystems and changed its name to NewZoom, Inc. in March 2002. The company was founded in 1997 and is headquartered in ...

22 Fourth Street

Floor 16

San Francisco, CA 94103

United States

Founded in 1997

Phone:

415-400-8000

Fax:

415-321-2038

Key Executives for NewZoom, Inc.

Chief Executive Officer, President and Director
Age: 54
Founder, Co-Chairman, President of Zoomsystems Asia, President of Asiagower and Director
Senior Vice President of Engineering
Senior Vice President of Corporate Development
Senior Vice President of Sales
Compensation as of Fiscal Year 2015.

NewZoom, Inc. Key Developments

Modified Third Amended Reorganization Plan Approved for NewZoom, Inc.

The US Bankruptcy Court approved the modification to third amended plan of reorganization in the US Bankruptcy Court on December 16, 2015. The modification was filed on December 11, 2015.

Modification to Third Amended Reorganization Plan Filed by NewZoom, Inc.

NewZoom, Inc. filed modification to third amended plan of reorganization in the US Bankruptcy Court on December 11, 2015. There were no changes in the treatment of claims in the modification document.

Third Amended Reorganization Plan Approved for NewZoom, Inc.

The US Bankruptcy Court approved the third amended plan of reorganization of NewZoom, Inc. on December 11, 2015. The debtor has filed its amended plan in the Court on November 30, 2015. As per the amended plan, Administrative Claims, Statutory Fees, US Trustee Fees of $0.02 million, professional fee claims, DIP Facility Claims of $4.09 million, priority tax claims of $1.21 million, other priority claims and other secured claims shall be paid in full in cash. The existing Preferred Interests and Common Interests of the debtor, along with all the Intercompany Claims, will be cancelled. Holders of Unsecured Claims of $5.47 million will receive 7.32% of their claims in cash. Prepetition Facility Claims of $24.04 million will be issued new equity of the debtor in respect of their claims. The reorganization will be financed by cash in hand, exit facility and issuance of new equity.

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Recent Private Companies Transactions

Type
Date
Target
Bankruptcy
September 10, 2015
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