UNITED STATES BANKRUPTCY COURT
SOUTHERN DISTRICT OF FLORIDA
BROWARD DIVISION

ORDER (I) SETTING HEARING TO CONSIDER APPROVAL OF
DISCLOSURE STATEMENT; (II) SETTING DEADLINE FOR
FILING OBJECTIONS TO DISCLOSURE STATEMENT; AND
(III) DIRECTING PLAN PROPONENT TO SERVE NOTICE

DISCLOSURE HEARING:
April 25, 2001 at 9:30 a.m.

LOCATION:
United States Bankruptcy Court
299 E. Broward Boulevard
Courtroom 308
Ft. Lauderdale, Florida 33301

DEADLINE FOR SERVICE OF ORDER, DISCLOSURE STATEMENT AND PLAN:
March 25, 2001

DEADLINE FOR OBJECTIONS TO DISCLOSURE STATEMENT:
April 20, 2001

PLAN PROPONENT:
John W. Kozyak, Chapter 11 Trustee
c/o Laurel M. Isicoff, Esq.
Kozyak Tropin & Throckmorton, P.A.
2800 First Union Financial Center
Miami, Florida 33131-2335

A Disclosure Statement and Plan were filed pursuant to 11 U.S.C. §§ 1121 and 1125 on March 22, 2001 by the plan proponent described above. This order sets a hearing to consider approval of the disclosure statement ("disclosure hearing"), and sets forth the deadlines and requirements relating to the disclosure statement provided in the Bankruptcy Code, Federal Rules of Bankruptcy Procedure and local rules of this court.

The disclosure statement is on file with the court, and may be reviewed during normal business hours. The court's official photocopying service can provide copies of the disclosure statement, at your expense. Copies also may be obtained from the plan proponent by written request, pursuant to paragraph 3(B) of this order.

1. HEARING TO CONSIDER APPROVAL OF DISCLOSURE STATEMENT

The court has set a hearing to consider approval of the disclosure statement for the date and time indicated above as "DISCLOSURE HEARING". The disclosure hearing may be continued to a future date by notice given in open court at the disclosure hearing. At the disclosure hearing, the court will consider the disclosure statement, and any modifications or objections to it.

2. DEADLINE FOR OBJECTIONS TO DISCLOSURE STATEMENT

The last day for filing and serving objections to the disclosure statement is indicated above as "DEADLINE FOR OBJECTIONS TO DISCLOSURE STATEMENT". Objections to the disclosure statement shall be filed with the court and served on (i) the debtor; (ii) the plan proponent (if other than the debtor); (iii) all committees that have been appointed; (iv) any chapter 11 trustee or examiner that has been appointed; and (v) the U.S. trustee. Pursuant to Local Rule 3017-1(A), any objecting party shall confer with the plan proponent's counsel at least 3 business days before the disclosure hearing in an effort to resolve any objections to the disclosure statement.

3. PLAN PROPONENT TO SERVE NOTICE

(A) On or before the date indicated above as "DEADLINE FOR SERVICE OF ORDER, DISCLOSURE STATEMENT AND PLAN", the Plan Proponent shall serve a copy of this order on (i) all creditors; (ii) all equity security holders; (iii) all persons who have requested notice; and (iv) all other interested parties, pursuant to Bankruptcy Rule 2002, and Local Rule 3017-1(B).

(B) On or before the date indicated above as "DEADLINE FOR SERVICE OF ORDER, DISCLOSURE STATEMENT AND PLAN", the plan proponent shall serve a copy of the disclosure statement and plan, together with this order, on (i) the debtor; (ii) all committees that have been appointed; (iii) any chapter 11 trustee or examiner that has been appointed; (iv) the Securities and Exchange Commission; (v) the Internal Revenue Service; (vi) the U.S. trustee; and (vii) any party in interest who requests in writing a copy of the disclosure statement and plan, pursuant to Bankruptcy Rule 3017(a), and Local Rule 3017-1(B).

The plan proponent shall file a certificate of service of items 3(A) and (B) above within 3 days after service.

If the plan proponent does not timely comply with any of the requirements of this order, the court may impose sanctions at the disclosure hearing without further notice, including dismissal, conversion of the case to chapter 7, or the striking of the plan. The court will also consider dismissal or conversion at the disclosure hearing at the request of any party that has requested such relief in a timely filed objection or on the court's own motion.

ORDERED in the Southern District of Florida on March 22, 2001.

/s/
Raymond B. Ray
United States Bankruptcy Judge

Copies to:
Laurel M. Isicoff, Esq.
Steven Turner, Esq.

(Attorney Isicoff is directed to serve conformed copies of this Order upon all interested parties and file a Certificate of Service)

185613.1

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