EX-99 2 ex991.htm EXHIBIT 99.1 Converted by EDGARwiz





Exhibit 99.1



HUFFY CORPORATION

OPERATING STATEMENT

PERIOD ENDING: DECEMBER 4, 2004

  

Case No: 04-39148

 

 

    

($000)

 

Totals

 

Totals

  

Current Month

 

Since Filing

Gross Sales

    20,138

 

    33,593

Net Sales

    18,745

 

    31,305

Total Cost of Sales

    16,475

 

    27,280

Adjusted Gross Profit

     2,270

 

     4,025

     % Net Sales

12.1%

 

12.9%

Total Selling Expenses

     1,102

 

     1,686

     % Net Sales

5.9%

 

5.4%

Other Product Line Expenses

        834

 

     1,224

     % Net Sales

4.4%

 

3.9%

Corporate Expenses, Net 

        818

 

     1,551

Total Operating Expenses

     2,754

 

     4,461

     % Net Sales

14.7%

 

14.3%

Operating Income

       (484)

 

       (436)

     % Net Sales

-2.6%

 

-1.4%

Other (Income)/Expense

       (255)

 

       (266)

EBIT Excl. Restructuring

       (229)

 

       (170)

     % Net Sales

-1.2%

 

-0.5%

Restructuring & Other Expense

     1,416

 

     3,142

Interest Expense

     1,238

 

     1,528

Pre-Tax Income From Contin. Ops

    (2,883)

 

    (4,840)

Loss/(Gain) on Discontinued OPS

     1,404

 

     1,451

Pre-Tax

 

    (4,287)

 

    (6,291)

Provision for Taxes

1329

 

1329

Net Earnings

    (5,616)

 

    (7,620)












<R>

Huffy Corporation

     

Balance Sheet

Current

 

Prior

 

At

Period Ending: December 4, 2004

Month

 

Month

 

Filing

      

Total Cash

$476

 

$871

 

$2,638

      

Net Receivables

$42,229

 

$35,455

 

$33,453

      

Net Inventory

$28,437

 

$32,371

 

$21,730

      

Total Prepaids

$7,564

 

$9,237

 

$8,497

      

Net PP & E

$3,612

 

$3,871

 

$3,943

      

Goodwill-net of Amortization

$21,485

 

$21,485

 

$21,485

      

Other Assets

$25,365

 

$28,149

 

$28,258

      

Total Assets

$129,168

 

$131,439

 

$120,004

      

Liabilities & Equity

     
      

Post Petition Liabilities

     

Accounts Payable

$22,507

 

$17,080

 

$0

Wages and Salaries/Commissions

$568

 

$737

 

$0

Total Post Petition Liabilities

$23,075

 

$17,817

 

$0

      

Bank Debt

$23,212

 

$25,950

 

$31,342

      

Prepetition Liabilities

     

Accounts Payable

$66,815

 

$66,633

 

$66,858

Other Current Liabilities

$987

 

$643

 

$832

Accrued Liabilities

$25,185

 

$24,763

 

$23,419

Mortgage

$630

 

$645

 

$661

Salaried Pension

$24,660

 

$24,341

 

$24,176

Long Term Liabilities

$22,350

 

$22,788

 

$22,842

      

Total PrePetition Liabilities

$140,627

 

$139,813

 

$138,788

      

Total Liabilities

$186,914

 

$183,580

 

$170,130

      

Shareholder's Equity

     

Owners Capital

$35,907

 

$35,907

 

$35,907

Pre Petition Retained Earnings

($86,033)

 

($86,033)

 

($86,033)

Post Petition Retained Earnings

($7,620)

 

($2,015)

 

$0

Total Shareholder's Equity

($57,746)

 

($52,141)

 

($50,126)

      

Total Liabilities & Equity

$129,168

 

$131,439

 

$120,004

      

Variance

$0

 

$0

 

$0

</R>











 

HUFFY CORPORATION

  
 

SUMMARY OF OPERATIONS

  
 

Period Ended: December 4, 2004

Case No:

04-39148

          
 

Schedule of Postpetition Taxes Payable

   
          
 

Beginning

 

Accrued/

 

Payments/

 

Ending

  

( $ in 000)

Balance

 

Withheld

 

Deposits

 

Balance

  
          

Income Taxes Withheld:

        

Federal:

$0

 

$0

 

$0

 

$0

  

State:

 

 

 

 

 

 

$0

  

Local:

 

 

 

 

 

 

$0

  
          

FICA Withheld:

 

 

 

 

 

 

$0

  
          

Employers FICA:

$3

 

$80

 

($75)

 

$8

  
          

Unemployment Tax:

        

Federal:

$0

 

$0

 

 

 

$0

  

State:

$0

 

$0

 

 

 

$0

  
          

Sales, Use & Excise

        

Taxes:

$5

 

$12

 

 

 

$17

  
          

Property Taxes:

$0

 

$6

 

 

 

$6

  
          

Real Estate Taxes

$9

 

$6

 

 

 

$15

  
          

TOTALS:

$17

 

$104

 

($75)

 

$46

  
          
 

AGING OF ACCOUNTS RECEIVABLE

  
 

AND POSTPETITION ACCOUNTS PAYABLE

  
          

Age in Days

0-30

 

30-60

 

Over 60

    

Post Petition

 24,597,000

 

              -

 

              -

 

 24,597,000

  

Accounts Payable

         
          

Accounts Receivable

 41,414,438

 

 4,527,852

 

 5,437,710

 

 51,380,000

  
          

For all postpetiton accounts payable over 30 days old, please attach a sheet listing each such  

 

account to whom the account is owed, the date the account was opened, and the reason for

 

non-payment of the account.

 
          

Describe events or factors occurring during this reporting period materially affecting operations

 

and formulation of a Plan of Reorganization:

      
          

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FORM 4

 










CASE NAME:

Huffy

    
      

CASE NUMBER:

04-39148

    
      

MONTH & YEAR

November-04

    
      
      

TOTAL CASH FLOW

Beginning

  

Net Cash

Ending

Description

Balance

Receipts

Disbursements

Flow

Balance

      

Corporate Office

$1,033,548

$1,579,568

($2,072,867)

($493,299)

$540,249

Huffy Bicycle Company

($120,229)

$21,833,336

($21,947,670)

($114,333)

($234,562)

Huffy Performance Brands

($41,783)

$5,312,241

($5,100,258)

$211,982

$170,200

Total Cash Flow

$871,536

$28,725,145

($29,120,794)

($395,649)

$475,887










IN THE UNITED STATES BANKRUPTCY COURT

FOR THE SOUTHERN DISTRICT OF OHIO

WESTERN DIVISION

CASE NO. 04-39148



  

Employer

Tax I.D. No.

HUFFY CORPORATION

OHIO

31-0326270

HUFCO-OHIO, INC.

OHIO

31-0930291

HUFCO-DELAWARE COMPANY

DELAWARE

84-0618683

HUFFY RISK MANAGEMENT, INC.

OHIO

52-2035693

HUFFY SPORTS, INC.

WISCONSIN

39-0744448

HCAC, INC.

OHIO

31-1022192

AMERICAN SPORTS DESIGN COMPANY

OHIO

31-1658780

HUFCO-GEORGIA I, INC.

GEORGIA

58-1988767

HUFCO-GEORGIA II, INC.

GEORGIA

58-2271122

HUFCO-NEW BRUNSWICK, INC.

CANADA

87136 9955 RC 0001

HUFFY SPORTS DELAWARE, INC.

DELAWARE

31-1789359

FIRST TEAM SPORTS, INC.

MINNESOTA

41-1545748

HESPELER HOCKEY HOLDING, INC.

MINNESOTA

41-1912022

LAMAR SNOWBOARDS, INC.

MISSOURI

43-1590882

TOMMY ARMOUR GOLF COMPANY

WASHINGTON

98-0341393

HUFFY SPORTS WASHINGTON, INC.

WASHINGTON

91-1745542

LEHIGH AVENUE PROPERTY HOLDINGS, INC.

ILLINOIS

6146-331-3

HUFFY SPORTS CANADA, INC.

CANADA

13753-0960-RC0001

HUFFY SPORTS OUTLET, INC.

CANADA

88012-4714 RC0001

HUF CANADA, INC.

CANADA

8529301948











TRANSMITTAL OF FINANCIAL REPORTS AND

CERTIFICATION OF COMPLIANCE WITH

UNITED STATES TRUSTEE OPERATING REQUIREMENTS FOR

THE PERIOD ENDED:  DECEMBER 4, 2004

            

IN RE:

      

:

CASE NO:  04-39148

  
       

:

Chapter 11

   
       

:

Judge:  Lawrence S. Walter

       

:

    

HUFFY CORPORATION 

 

       
 

     Debtor

          
            

As debtor in possession, I affirm:

        
            

1.

That I have reviewed the financial statements attached hereto, consisting of:

  
 

 

Operating Statement

(Form 2)

   
 

 

Balance Sheet

(Form 3)

   
 

 

Summary of Operations

(Form 4)

   
 

 

Monthly Cash Statement

(Form 5)

   
 

 

Cash Report

(Form 5A)

   
 

 

Statement of Compensation

(Form 6)

   
 

 

Schedule of In-Force Insurance

(Form 7)

   

and that they have been prepared in accordance with normal and customary accounting

 

practices, and fairly and accurately reflect the debtor's financial activity for the period stated;

2.

That the insurance, including workers' compensation and unemployment insurance,

as described in Section 4 of the Reporting Requirements For Chapter 11 Cases is in effect; and,

(If not, attach a written explanation)

 

YES  √

  

NO

   

3.

That all postpetition taxes as described in Sections 1 and 14 of the Operating

 

Instructions and Reporting Requirements For Chapter 11 cases are current.

   

(If not, attach a written explanation)

 

YES  √

  

NO

   

4.

No professional fees (attorney, accountant, etc.) have been paid without specific

court authorization.

          

(If not, attach a written explanation)

 

YES  √

  

NO

   

5.

All United States Trustee Quarterly fees have been paid and are current.

  

6.

Have you filed your prepetition tax returns.

      

(If not, attach a written explanation)

 

YES  √

  

NO

   
            

I hereby certify, under penalty of perjury, that the information provided above and in the attached

documents is true and correct to the best of my information and belief.

   
            
 

Dated:  12/17/2004

 

/s/ Robert W. Lafferty

 

  
     

(Debtor in Possession)

   
            
     

Senior V.P.-Finance, CFO & Treasurer

  
     

Title

   
            
     

(937) 865-5407

    
     

Phone

      
           

FORM 1











TRANSMITTAL OF FINANCIAL REPORTS AND

CERTIFICATION OF COMPLIANCE WITH

UNITED STATES TRUSTEE OPERATING REQUIREMENTS FOR

THE PERIOD ENDED:  DECEMBER 4, 2004

            

IN RE:

      

:

CASE NO:  04-39148

  
       

:

Chapter 11

   
       

:

Judge:  Lawrence S. Walter

       

:

    

HUFCO-OHIO, INC. 

 

       
 

     Debtor

          
            

As debtor in possession, I affirm:

        
            

1.

That I have reviewed the financial statements attached hereto, consisting of:

  
 

 

Operating Statement

(Form 2)

   
 

 

Balance Sheet

(Form 3)

   
 

 

Summary of Operations

(Form 4)

   
 

 

Monthly Cash Statement

(Form 5)

   
 

 

Cash Report

(Form 5A)

   
 

 

Statement of Compensation

(Form 6)

   
 

 

Schedule of In-Force Insurance

(Form 7)

   

and that they have been prepared in accordance with normal and customary accounting

 

practices, and fairly and accurately reflect the debtor's financial activity for the period stated;

2.

That the insurance, including workers' compensation and unemployment insurance,

as described in Section 4 of the Reporting Requirements For Chapter 11 Cases is in effect; and,

(If not, attach a written explanation)

 

YES  √

  

NO

   

3.

That all postpetition taxes as described in Sections 1 and 14 of the Operating

 

Instructions and Reporting Requirements For Chapter 11 cases are current.

   

(If not, attach a written explanation)

 

YES  √

  

NO

   

4.

No professional fees (attorney, accountant, etc.) have been paid without specific

court authorization.

          

(If not, attach a written explanation)

 

YES  √

  

NO

   

5.

All United States Trustee Quarterly fees have been paid and are current.

  

6.

Have you filed your prepetition tax returns.

      

(If not, attach a written explanation)

 

YES  √

  

NO

   
            

I hereby certify, under penalty of perjury, that the information provided above and in the attached

documents is true and correct to the best of my information and belief.

   
            
 

Dated:  12/17/2004

 

/s/ Robert W. Lafferty

 

  
     

(Debtor in Possession)

   
            
     

Senior V.P.-Finance, CFO & Treasurer

  
     

Title

   
            
     

(937) 865-5407

    
     

Phone

      
           

FORM 1











TRANSMITTAL OF FINANCIAL REPORTS AND

CERTIFICATION OF COMPLIANCE WITH

UNITED STATES TRUSTEE OPERATING REQUIREMENTS FOR

THE PERIOD ENDED:  DECEMBER 4, 2004

            

IN RE:

      

:

CASE NO:  04-39148

  
       

:

Chapter 11

   
       

:

Judge:  Lawrence S. Walter

       

:

    

HUFCO-DELAWARE COMPANY 

 

       
 

     Debtor

          
            

As debtor in possession, I affirm:

        
            

1.

That I have reviewed the financial statements attached hereto, consisting of:

  
 

 

Operating Statement

(Form 2)

   
 

 

Balance Sheet

(Form 3)

   
 

 

Summary of Operations

(Form 4)

   
 

 

Monthly Cash Statement

(Form 5)

   
 

 

Cash Report

(Form 5A)

   
 

 

Statement of Compensation

(Form 6)

   
 

 

Schedule of In-Force Insurance

(Form 7)

   

and that they have been prepared in accordance with normal and customary accounting

 

practices, and fairly and accurately reflect the debtor's financial activity for the period stated;

2.

That the insurance, including workers' compensation and unemployment insurance,

as described in Section 4 of the Reporting Requirements For Chapter 11 Cases is in effect; and,

(If not, attach a written explanation)

 

YES  √

  

NO

   

3.

That all postpetition taxes as described in Sections 1 and 14 of the Operating

 

Instructions and Reporting Requirements For Chapter 11 cases are current.

   

(If not, attach a written explanation)

 

YES  √

  

NO

   

4.

No professional fees (attorney, accountant, etc.) have been paid without specific

court authorization.

          

(If not, attach a written explanation)

 

YES  √

  

NO

   

5.

All United States Trustee Quarterly fees have been paid and are current.

  

6.

Have you filed your prepetition tax returns.

      

(If not, attach a written explanation)

 

YES  √

  

NO

   
            

I hereby certify, under penalty of perjury, that the information provided above and in the attached

documents is true and correct to the best of my information and belief.

   
            
 

Dated:  12/17/2004

 

/s/ Robert W. Lafferty

 

  
     

(Debtor in Possession)

   
            
     

Senior V.P.-Finance, CFO & Treasurer

  
     

Title

   
            
     

(937) 865-5407

    
     

Phone

      
           

FORM 1











TRANSMITTAL OF FINANCIAL REPORTS AND

CERTIFICATION OF COMPLIANCE WITH

UNITED STATES TRUSTEE OPERATING REQUIREMENTS FOR

THE PERIOD ENDED:  DECEMBER 4, 2004

            

IN RE:

      

:

CASE NO:  04-39148

  
       

:

Chapter 11

   
       

:

Judge:  Lawrence S. Walter

       

:

    

HUFFY RISK MANAGEMENT, INC. 

       
 

     Debtor

          
            

As debtor in possession, I affirm:

        
            

1.

That I have reviewed the financial statements attached hereto, consisting of:

  
 

 

Operating Statement

(Form 2)

   
 

 

Balance Sheet

(Form 3)

   
 

 

Summary of Operations

(Form 4)

   
 

 

Monthly Cash Statement

(Form 5)

   
 

 

Cash Report

(Form 5A)

   
 

 

Statement of Compensation

(Form 6)

   
 

 

Schedule of In-Force Insurance

(Form 7)

   

and that they have been prepared in accordance with normal and customary accounting

 

practices, and fairly and accurately reflect the debtor's financial activity for the period stated;

2.

That the insurance, including workers' compensation and unemployment insurance,

as described in Section 4 of the Reporting Requirements For Chapter 11 Cases is in effect; and,

(If not, attach a written explanation)

 

YES  √

  

NO

   

3.

That all postpetition taxes as described in Sections 1 and 14 of the Operating

 

Instructions and Reporting Requirements For Chapter 11 cases are current.

   

(If not, attach a written explanation)

 

YES  √

  

NO

   

4.

No professional fees (attorney, accountant, etc.) have been paid without specific

court authorization.

          

(If not, attach a written explanation)

 

YES  √

  

NO

   

5.

All United States Trustee Quarterly fees have been paid and are current.

  

6.

Have you filed your prepetition tax returns.

      

(If not, attach a written explanation)

 

YES  √

  

NO

   
            

I hereby certify, under penalty of perjury, that the information provided above and in the attached

documents is true and correct to the best of my information and belief.

   
            
 

Dated:  12/17/2004

 

/s/ Robert W. Lafferty

 

  
     

(Debtor in Possession)

   
            
     

Senior V.P.-Finance, CFO & Treasurer

  
     

Title

   
            
     

(937) 865-5407

    
     

Phone

      
           

FORM 1











TRANSMITTAL OF FINANCIAL REPORTS AND

CERTIFICATION OF COMPLIANCE WITH

UNITED STATES TRUSTEE OPERATING REQUIREMENTS FOR

THE PERIOD ENDED:  DECEMBER 4, 2004

            

IN RE:

      

:

CASE NO:  04-39148

  
       

:

Chapter 11

   
       

:

Judge:  Lawrence S. Walter

       

:

    

HUFFY SPORTS, INC. 

 

       
 

     Debtor

          
            

As debtor in possession, I affirm:

        
            

1.

That I have reviewed the financial statements attached hereto, consisting of:

  
 

 

Operating Statement

(Form 2)

   
 

 

Balance Sheet

(Form 3)

   
 

 

Summary of Operations

(Form 4)

   
 

 

Monthly Cash Statement

(Form 5)

   
 

 

Cash Report

(Form 5A)

   
 

 

Statement of Compensation

(Form 6)

   
 

 

Schedule of In-Force Insurance

(Form 7)

   

and that they have been prepared in accordance with normal and customary accounting

 

practices, and fairly and accurately reflect the debtor's financial activity for the period stated;

2.

That the insurance, including workers' compensation and unemployment insurance,

as described in Section 4 of the Reporting Requirements For Chapter 11 Cases is in effect; and,

(If not, attach a written explanation)

 

YES  √

  

NO

   

3.

That all postpetition taxes as described in Sections 1 and 14 of the Operating

 

Instructions and Reporting Requirements For Chapter 11 cases are current.

   

(If not, attach a written explanation)

 

YES  √

  

NO

   

4.

No professional fees (attorney, accountant, etc.) have been paid without specific

court authorization.

          

(If not, attach a written explanation)

 

YES  √

  

NO

   

5.

All United States Trustee Quarterly fees have been paid and are current.

  

6.

Have you filed your prepetition tax returns.

      

(If not, attach a written explanation)

 

YES  √

  

NO

   
            

I hereby certify, under penalty of perjury, that the information provided above and in the attached

documents is true and correct to the best of my information and belief.

   
            
 

Dated:  12/17/2004

 

/s/ Robert W. Lafferty

 

  
     

(Debtor in Possession)

   
            
     

Senior V.P.-Finance, CFO & Treasurer

  
     

Title

   
            
     

(937) 865-5407

    
     

Phone

      
           

FORM 1











TRANSMITTAL OF FINANCIAL REPORTS AND

CERTIFICATION OF COMPLIANCE WITH

UNITED STATES TRUSTEE OPERATING REQUIREMENTS FOR

THE PERIOD ENDED:  DECEMBER 4, 2004

            

IN RE:

      

:

CASE NO:  04-39148

  
       

:

Chapter 11

   
       

:

Judge:  Lawrence S. Walter

       

:

    

HCAC, INC. 

 

       
 

     Debtor

          
            

As debtor in possession, I affirm:

        
            

1.

That I have reviewed the financial statements attached hereto, consisting of:

  
 

 

Operating Statement

(Form 2)

   
 

 

Balance Sheet

(Form 3)

   
 

 

Summary of Operations

(Form 4)

   
 

 

Monthly Cash Statement

(Form 5)

   
 

 

Cash Report

(Form 5A)

   
 

 

Statement of Compensation

(Form 6)

   
 

 

Schedule of In-Force Insurance

(Form 7)

   

and that they have been prepared in accordance with normal and customary accounting

 

practices, and fairly and accurately reflect the debtor's financial activity for the period stated;

2.

That the insurance, including workers' compensation and unemployment insurance,

as described in Section 4 of the Reporting Requirements For Chapter 11 Cases is in effect; and,

(If not, attach a written explanation)

 

YES  √

  

NO

   

3.

That all postpetition taxes as described in Sections 1 and 14 of the Operating

 

Instructions and Reporting Requirements For Chapter 11 cases are current.

   

(If not, attach a written explanation)

 

YES  √

  

NO

   

4.

No professional fees (attorney, accountant, etc.) have been paid without specific

court authorization.

          

(If not, attach a written explanation)

 

YES  √

  

NO

   

5.

All United States Trustee Quarterly fees have been paid and are current.

  

6.

Have you filed your prepetition tax returns.

      

(If not, attach a written explanation)

 

YES  √

  

NO

   
            

I hereby certify, under penalty of perjury, that the information provided above and in the attached

documents is true and correct to the best of my information and belief.

   
            
 

Dated:  12/17/2004

 

/s/ Robert W. Lafferty

 

  
     

(Debtor in Possession)

   
            
     

Senior V.P.-Finance, CFO & Treasurer

  
     

Title

   
            
     

(937) 865-5407

    
     

Phone

      
           

FORM 1











TRANSMITTAL OF FINANCIAL REPORTS AND

CERTIFICATION OF COMPLIANCE WITH

UNITED STATES TRUSTEE OPERATING REQUIREMENTS FOR

THE PERIOD ENDED:  DECEMBER 4, 2004

            

IN RE:

      

:

CASE NO:  04-39148

  
       

:

Chapter 11

   
       

:

Judge:  Lawrence S. Walter

       

:

    

AMERICAN SPORTS DESIGN COMPANY

       
 

     Debtor

          
            

As debtor in possession, I affirm:

        
            

1.

That I have reviewed the financial statements attached hereto, consisting of:

  
 

 

Operating Statement

(Form 2)

   
 

 

Balance Sheet

(Form 3)

   
 

 

Summary of Operations

(Form 4)

   
 

 

Monthly Cash Statement

(Form 5)

   
 

 

Cash Report

(Form 5A)

   
 

 

Statement of Compensation

(Form 6)

   
 

 

Schedule of In-Force Insurance

(Form 7)

   

and that they have been prepared in accordance with normal and customary accounting

 

practices, and fairly and accurately reflect the debtor's financial activity for the period stated;

2.

That the insurance, including workers' compensation and unemployment insurance,

as described in Section 4 of the Reporting Requirements For Chapter 11 Cases is in effect; and,

(If not, attach a written explanation)

 

YES  √

  

NO

   

3.

That all postpetition taxes as described in Sections 1 and 14 of the Operating

 

Instructions and Reporting Requirements For Chapter 11 cases are current.

   

(If not, attach a written explanation)

 

YES  √

  

NO

   

4.

No professional fees (attorney, accountant, etc.) have been paid without specific

court authorization.

          

(If not, attach a written explanation)

 

YES  √

  

NO

   

5.

All United States Trustee Quarterly fees have been paid and are current.

  

6.

Have you filed your prepetition tax returns.

      

(If not, attach a written explanation)

 

YES  √

  

NO

   
            

I hereby certify, under penalty of perjury, that the information provided above and in the attached

documents is true and correct to the best of my information and belief.

   
            
 

Dated:  12/17/2004

 

/s/ Robert W. Lafferty

 

  
     

(Debtor in Possession)

   
            
     

Senior V.P.-Finance, CFO & Treasurer

  
     

Title

   
            
     

(937) 865-5407

    
     

Phone

      
           

FORM 1











TRANSMITTAL OF FINANCIAL REPORTS AND

CERTIFICATION OF COMPLIANCE WITH

UNITED STATES TRUSTEE OPERATING REQUIREMENTS FOR

THE PERIOD ENDED:  DECEMBER 4, 2004

            

IN RE:

      

:

CASE NO:  04-39148

  
       

:

Chapter 11

   
       

:

Judge:  Lawrence S. Walter

       

:

    

HUFCO-GEORGIA I, INC.

 

       
 

     Debtor

          
            

As debtor in possession, I affirm:

        
            

1.

That I have reviewed the financial statements attached hereto, consisting of:

  
 

 

Operating Statement

(Form 2)

   
 

 

Balance Sheet

(Form 3)

   
 

 

Summary of Operations

(Form 4)

   
 

 

Monthly Cash Statement

(Form 5)

   
 

 

Cash Report

(Form 5A)

   
 

 

Statement of Compensation

(Form 6)

   
 

 

Schedule of In-Force Insurance

(Form 7)

   

and that they have been prepared in accordance with normal and customary accounting

 

practices, and fairly and accurately reflect the debtor's financial activity for the period stated;

2.

That the insurance, including workers' compensation and unemployment insurance,

as described in Section 4 of the Reporting Requirements For Chapter 11 Cases is in effect; and,

(If not, attach a written explanation)

 

YES  √

  

NO

   

3.

That all postpetition taxes as described in Sections 1 and 14 of the Operating

 

Instructions and Reporting Requirements For Chapter 11 cases are current.

   

(If not, attach a written explanation)

 

YES  √

  

NO

   

4.

No professional fees (attorney, accountant, etc.) have been paid without specific

court authorization.

          

(If not, attach a written explanation)

 

YES  √

  

NO

   

5.

All United States Trustee Quarterly fees have been paid and are current.

  

6.

Have you filed your prepetition tax returns.

      

(If not, attach a written explanation)

 

YES  √

  

NO

   
            

I hereby certify, under penalty of perjury, that the information provided above and in the attached

documents is true and correct to the best of my information and belief.

   
            
 

Dated:  12/17/2004

 

/s/ Robert W. Lafferty

 

  
     

(Debtor in Possession)

   
            
     

Senior V.P.-Finance, CFO & Treasurer

  
     

Title

   
            
     

(937) 865-5407

    
     

Phone

      
           

FORM 1











TRANSMITTAL OF FINANCIAL REPORTS AND

CERTIFICATION OF COMPLIANCE WITH

UNITED STATES TRUSTEE OPERATING REQUIREMENTS FOR

THE PERIOD ENDED:  DECEMBER 4, 2004

            

IN RE:

      

:

CASE NO:  04-39148

  
       

:

Chapter 11

   
       

:

Judge:  Lawrence S. Walter

       

:

    

HUFCO-GEORGIA II, INC. 

 

       
 

     Debtor

          
            

As debtor in possession, I affirm:

        
            

1.

That I have reviewed the financial statements attached hereto, consisting of:

  
 

 

Operating Statement

(Form 2)

   
 

 

Balance Sheet

(Form 3)

   
 

 

Summary of Operations

(Form 4)

   
 

 

Monthly Cash Statement

(Form 5)

   
 

 

Cash Report

(Form 5A)

   
 

 

Statement of Compensation

(Form 6)

   
 

 

Schedule of In-Force Insurance

(Form 7)

   

and that they have been prepared in accordance with normal and customary accounting

 

practices, and fairly and accurately reflect the debtor's financial activity for the period stated;

2.

That the insurance, including workers' compensation and unemployment insurance,

as described in Section 4 of the Reporting Requirements For Chapter 11 Cases is in effect; and,

(If not, attach a written explanation)

 

YES  √

  

NO

   

3.

That all postpetition taxes as described in Sections 1 and 14 of the Operating

 

Instructions and Reporting Requirements For Chapter 11 cases are current.

   

(If not, attach a written explanation)

 

YES  √

  

NO

   

4.

No professional fees (attorney, accountant, etc.) have been paid without specific

court authorization.

          

(If not, attach a written explanation)

 

YES  √

  

NO

   

5.

All United States Trustee Quarterly fees have been paid and are current.

  

6.

Have you filed your prepetition tax returns.

      

(If not, attach a written explanation)

 

YES  √

  

NO

   
            

I hereby certify, under penalty of perjury, that the information provided above and in the attached

documents is true and correct to the best of my information and belief.

   
            
 

Dated:  12/17/2004

 

/s/ Robert W. Lafferty

 

  
     

(Debtor in Possession)

   
            
     

Senior V.P.-Finance, CFO & Treasurer

  
     

Title

   
            
     

(937) 865-5407

    
     

Phone

      
           

FORM 1











TRANSMITTAL OF FINANCIAL REPORTS AND

CERTIFICATION OF COMPLIANCE WITH

UNITED STATES TRUSTEE OPERATING REQUIREMENTS FOR

THE PERIOD ENDED:  DECEMBER 4, 2004

            

IN RE:

      

:

CASE NO:  04-39148

  
       

:

Chapter 11

   
       

:

Judge:  Lawrence S. Walter

       

:

    

HUFCO-NEW BRUNSWICK, INC.

 

       
 

     Debtor

          
            

As debtor in possession, I affirm:

        
            

1.

That I have reviewed the financial statements attached hereto, consisting of:

  
 

 

Operating Statement

(Form 2)

   
 

 

Balance Sheet

(Form 3)

   
 

 

Summary of Operations

(Form 4)

   
 

 

Monthly Cash Statement

(Form 5)

   
 

 

Cash Report

(Form 5A)

   
 

 

Statement of Compensation

(Form 6)

   
 

 

Schedule of In-Force Insurance

(Form 7)

   

and that they have been prepared in accordance with normal and customary accounting

 

practices, and fairly and accurately reflect the debtor's financial activity for the period stated;

2.

That the insurance, including workers' compensation and unemployment insurance,

as described in Section 4 of the Reporting Requirements For Chapter 11 Cases is in effect; and,

(If not, attach a written explanation)

 

YES  √

  

NO

   

3.

That all postpetition taxes as described in Sections 1 and 14 of the Operating

 

Instructions and Reporting Requirements For Chapter 11 cases are current.

   

(If not, attach a written explanation)

 

YES  √

  

NO

   

4.

No professional fees (attorney, accountant, etc.) have been paid without specific

court authorization.

          

(If not, attach a written explanation)

 

YES  √

  

NO

   

5.

All United States Trustee Quarterly fees have been paid and are current.

  

6.

Have you filed your prepetition tax returns.

      

(If not, attach a written explanation)

 

YES  √

  

NO

   
            

I hereby certify, under penalty of perjury, that the information provided above and in the attached

documents is true and correct to the best of my information and belief.

   
            
 

Dated:  12/17/2004

 

/s/ Robert W. Lafferty

 

  
     

(Debtor in Possession)

   
            
     

Senior V.P.-Finance, CFO & Treasurer

  
     

Title

   
            
     

(937) 865-5407

    
     

Phone

      
           

FORM 1











TRANSMITTAL OF FINANCIAL REPORTS AND

CERTIFICATION OF COMPLIANCE WITH

UNITED STATES TRUSTEE OPERATING REQUIREMENTS FOR

THE PERIOD ENDED:  DECEMBER 4, 2004

            

IN RE:

      

:

CASE NO:  04-39148

  
       

:

Chapter 11

   
       

:

Judge:  Lawrence S. Walter

       

:

    

HUFFY SPORTS DELAWARE, INC. 

       
 

     Debtor

          
            

As debtor in possession, I affirm:

        
            

1.

That I have reviewed the financial statements attached hereto, consisting of:

  
 

 

Operating Statement

(Form 2)

   
 

 

Balance Sheet

(Form 3)

   
 

 

Summary of Operations

(Form 4)

   
 

 

Monthly Cash Statement

(Form 5)

   
 

 

Cash Report

(Form 5A)

   
 

 

Statement of Compensation

(Form 6)

   
 

 

Schedule of In-Force Insurance

(Form 7)

   

and that they have been prepared in accordance with normal and customary accounting

 

practices, and fairly and accurately reflect the debtor's financial activity for the period stated;

2.

That the insurance, including workers' compensation and unemployment insurance,

as described in Section 4 of the Reporting Requirements For Chapter 11 Cases is in effect; and,

(If not, attach a written explanation)

 

YES  √

  

NO

   

3.

That all postpetition taxes as described in Sections 1 and 14 of the Operating

 

Instructions and Reporting Requirements For Chapter 11 cases are current.

   

(If not, attach a written explanation)

 

YES  √

  

NO

   

4.

No professional fees (attorney, accountant, etc.) have been paid without specific

court authorization.

          

(If not, attach a written explanation)

 

YES  √

  

NO

   

5.

All United States Trustee Quarterly fees have been paid and are current.

  

6.

Have you filed your prepetition tax returns.

      

(If not, attach a written explanation)

 

YES  √

  

NO

   
            

I hereby certify, under penalty of perjury, that the information provided above and in the attached

documents is true and correct to the best of my information and belief.

   
            
 

Dated:  12/17/2004

 

/s/ Robert W. Lafferty

 

  
     

(Debtor in Possession)

   
            
     

Senior V.P.-Finance, CFO & Treasurer

  
     

Title

   
            
     

(937) 865-5407

    
     

Phone

      
           

FORM 1











TRANSMITTAL OF FINANCIAL REPORTS AND

CERTIFICATION OF COMPLIANCE WITH

UNITED STATES TRUSTEE OPERATING REQUIREMENTS FOR

THE PERIOD ENDED:  DECEMBER 4, 2004

            

IN RE:

      

:

CASE NO:  04-39148

  
       

:

Chapter 11

   
       

:

Judge:  Lawrence S. Walter

       

:

    

FIRST TEAM SPORTS, INC.

 

       
 

     Debtor

          
            

As debtor in possession, I affirm:

        
            

1.

That I have reviewed the financial statements attached hereto, consisting of:

  
 

 

Operating Statement

(Form 2)

   
 

 

Balance Sheet

(Form 3)

   
 

 

Summary of Operations

(Form 4)

   
 

 

Monthly Cash Statement

(Form 5)

   
 

 

Cash Report

(Form 5A)

   
 

 

Statement of Compensation

(Form 6)

   
 

 

Schedule of In-Force Insurance

(Form 7)

   

and that they have been prepared in accordance with normal and customary accounting

 

practices, and fairly and accurately reflect the debtor's financial activity for the period stated;

2.

That the insurance, including workers' compensation and unemployment insurance,

as described in Section 4 of the Reporting Requirements For Chapter 11 Cases is in effect; and,

(If not, attach a written explanation)

 

YES  √

  

NO

   

3.

That all postpetition taxes as described in Sections 1 and 14 of the Operating

 

Instructions and Reporting Requirements For Chapter 11 cases are current.

   

(If not, attach a written explanation)

 

YES  √

  

NO

   

4.

No professional fees (attorney, accountant, etc.) have been paid without specific

court authorization.

          

(If not, attach a written explanation)

 

YES  √

  

NO

   

5.

All United States Trustee Quarterly fees have been paid and are current.

  

6.

Have you filed your prepetition tax returns.

      

(If not, attach a written explanation)

 

YES  √

  

NO

   
            

I hereby certify, under penalty of perjury, that the information provided above and in the attached

documents is true and correct to the best of my information and belief.

   
            
 

Dated:  12/17/2004

 

/s/ Robert W. Lafferty

 

  
     

(Debtor in Possession)

   
            
     

Senior V.P.-Finance, CFO & Treasurer

  
     

Title

   
            
     

(937) 865-5407

    
     

Phone

      
           

FORM 1











TRANSMITTAL OF FINANCIAL REPORTS AND

CERTIFICATION OF COMPLIANCE WITH

UNITED STATES TRUSTEE OPERATING REQUIREMENTS FOR

THE PERIOD ENDED:  DECEMBER 4, 2004

            

IN RE:

      

:

CASE NO:  04-39148

  
       

:

Chapter 11

   
       

:

Judge:  Lawrence S. Walter

       

:

    

HESPELER HOCKEY HOLDING, INC. 

       
 

     Debtor

          
            

As debtor in possession, I affirm:

        
            

1.

That I have reviewed the financial statements attached hereto, consisting of:

  
 

 

Operating Statement

(Form 2)

   
 

 

Balance Sheet

(Form 3)

   
 

 

Summary of Operations

(Form 4)

   
 

 

Monthly Cash Statement

(Form 5)

   
 

 

Cash Report

(Form 5A)

   
 

 

Statement of Compensation

(Form 6)

   
 

 

Schedule of In-Force Insurance

(Form 7)

   

and that they have been prepared in accordance with normal and customary accounting

 

practices, and fairly and accurately reflect the debtor's financial activity for the period stated;

2.

That the insurance, including workers' compensation and unemployment insurance,

as described in Section 4 of the Reporting Requirements For Chapter 11 Cases is in effect; and,

(If not, attach a written explanation)

 

YES  √

  

NO

   

3.

That all postpetition taxes as described in Sections 1 and 14 of the Operating

 

Instructions and Reporting Requirements For Chapter 11 cases are current.

   

(If not, attach a written explanation)

 

YES  √

  

NO

   

4.

No professional fees (attorney, accountant, etc.) have been paid without specific

court authorization.

          

(If not, attach a written explanation)

 

YES  √

  

NO

   

5.

All United States Trustee Quarterly fees have been paid and are current.

  

6.

Have you filed your prepetition tax returns.

      

(If not, attach a written explanation)

 

YES  √

  

NO

   
            

I hereby certify, under penalty of perjury, that the information provided above and in the attached

documents is true and correct to the best of my information and belief.

   
            
 

Dated:  12/17/2004

 

/s/ Robert W. Lafferty

 

  
     

(Debtor in Possession)

   
            
     

Senior V.P.-Finance, CFO & Treasurer

  
     

Title

   
            
     

(937) 865-5407

    
     

Phone

      
           

FORM 1











TRANSMITTAL OF FINANCIAL REPORTS AND

CERTIFICATION OF COMPLIANCE WITH

UNITED STATES TRUSTEE OPERATING REQUIREMENTS FOR

THE PERIOD ENDED:  DECEMBER 4, 2004

            

IN RE:

      

:

CASE NO:  04-39148

  
       

:

Chapter 11

   
       

:

Judge:  Lawrence S. Walter

       

:

    

LAMAR SNOWBOARDS, INC.

 

       
 

     Debtor

          
            

As debtor in possession, I affirm:

        
            

1.

That I have reviewed the financial statements attached hereto, consisting of:

  
 

 

Operating Statement

(Form 2)

   
 

 

Balance Sheet

(Form 3)

   
 

 

Summary of Operations

(Form 4)

   
 

 

Monthly Cash Statement

(Form 5)

   
 

 

Cash Report

(Form 5A)

   
 

 

Statement of Compensation

(Form 6)

   
 

 

Schedule of In-Force Insurance

(Form 7)

   

and that they have been prepared in accordance with normal and customary accounting

 

practices, and fairly and accurately reflect the debtor's financial activity for the period stated;

2.

That the insurance, including workers' compensation and unemployment insurance,

as described in Section 4 of the Reporting Requirements For Chapter 11 Cases is in effect; and,

(If not, attach a written explanation)

 

YES  √

  

NO

   

3.

That all postpetition taxes as described in Sections 1 and 14 of the Operating

 

Instructions and Reporting Requirements For Chapter 11 cases are current.

   

(If not, attach a written explanation)

 

YES  √

  

NO

   

4.

No professional fees (attorney, accountant, etc.) have been paid without specific

court authorization.

          

(If not, attach a written explanation)

 

YES  √

  

NO

   

5.

All United States Trustee Quarterly fees have been paid and are current.

  

6.

Have you filed your prepetition tax returns.

      

(If not, attach a written explanation)

 

YES  √

  

NO

   
            

I hereby certify, under penalty of perjury, that the information provided above and in the attached

documents is true and correct to the best of my information and belief.

   
            
 

Dated:  12/17/2004

 

/s/ Robert W. Lafferty

 

  
     

(Debtor in Possession)

   
            
     

Senior V.P.-Finance, CFO & Treasurer

  
     

Title

   
            
     

(937) 865-5407

    
     

Phone

      
           

FORM 1











TRANSMITTAL OF FINANCIAL REPORTS AND

CERTIFICATION OF COMPLIANCE WITH

UNITED STATES TRUSTEE OPERATING REQUIREMENTS FOR

THE PERIOD ENDED:  DECEMBER 4, 2004

            

IN RE:

      

:

CASE NO:  04-39148

  
       

:

Chapter 11

   
       

:

Judge:  Lawrence S. Walter

       

:

    

TOMMY ARMOUR GOLF COMPANY 

       
 

     Debtor

          
            

As debtor in possession, I affirm:

        
            

1.

That I have reviewed the financial statements attached hereto, consisting of:

  
 

 

Operating Statement

(Form 2)

   
 

 

Balance Sheet

(Form 3)

   
 

 

Summary of Operations

(Form 4)

   
 

 

Monthly Cash Statement

(Form 5)

   
 

 

Cash Report

(Form 5A)

   
 

 

Statement of Compensation

(Form 6)

   
 

 

Schedule of In-Force Insurance

(Form 7)

   

and that they have been prepared in accordance with normal and customary accounting

 

practices, and fairly and accurately reflect the debtor's financial activity for the period stated;

2.

That the insurance, including workers' compensation and unemployment insurance,

as described in Section 4 of the Reporting Requirements For Chapter 11 Cases is in effect; and,

(If not, attach a written explanation)

 

YES  √

  

NO

   

3.

That all postpetition taxes as described in Sections 1 and 14 of the Operating

 

Instructions and Reporting Requirements For Chapter 11 cases are current.

   

(If not, attach a written explanation)

 

YES  √

  

NO

   

4.

No professional fees (attorney, accountant, etc.) have been paid without specific

court authorization.

          

(If not, attach a written explanation)

 

YES  √

  

NO

   

5.

All United States Trustee Quarterly fees have been paid and are current.

  

6.

Have you filed your prepetition tax returns.

      

(If not, attach a written explanation)

 

YES  √

  

NO

   
            

I hereby certify, under penalty of perjury, that the information provided above and in the attached

documents is true and correct to the best of my information and belief.

   
            
 

Dated:  12/17/2004

 

/s/ Robert W. Lafferty

 

  
     

(Debtor in Possession)

   
            
     

Senior V.P.-Finance, CFO & Treasurer

  
     

Title

   
            
     

(937) 865-5407

    
     

Phone

      
           

FORM 1











TRANSMITTAL OF FINANCIAL REPORTS AND

CERTIFICATION OF COMPLIANCE WITH

UNITED STATES TRUSTEE OPERATING REQUIREMENTS FOR

THE PERIOD ENDED:  DECEMBER 4, 2004

            

IN RE:

      

:

CASE NO:  04-39148

  
       

:

Chapter 11

   
       

:

Judge:  Lawrence S. Walter

       

:

    

HUFFY SPORTS WASHINGTON, INC. 

       
 

     Debtor

          
            

As debtor in possession, I affirm:

        
            

1.

That I have reviewed the financial statements attached hereto, consisting of:

  
 

 

Operating Statement

(Form 2)

   
 

 

Balance Sheet

(Form 3)

   
 

 

Summary of Operations

(Form 4)

   
 

 

Monthly Cash Statement

(Form 5)

   
 

 

Cash Report

(Form 5A)

   
 

 

Statement of Compensation

(Form 6)

   
 

 

Schedule of In-Force Insurance

(Form 7)

   

and that they have been prepared in accordance with normal and customary accounting

 

practices, and fairly and accurately reflect the debtor's financial activity for the period stated;

2.

That the insurance, including workers' compensation and unemployment insurance,

as described in Section 4 of the Reporting Requirements For Chapter 11 Cases is in effect; and,

(If not, attach a written explanation)

 

YES  √

  

NO

   

3.

That all postpetition taxes as described in Sections 1 and 14 of the Operating

 

Instructions and Reporting Requirements For Chapter 11 cases are current.

   

(If not, attach a written explanation)

 

YES  √

  

NO

   

4.

No professional fees (attorney, accountant, etc.) have been paid without specific

court authorization.

          

(If not, attach a written explanation)

 

YES  √

  

NO

   

5.

All United States Trustee Quarterly fees have been paid and are current.

  

6.

Have you filed your prepetition tax returns.

      

(If not, attach a written explanation)

 

YES  √

  

NO

   
            

I hereby certify, under penalty of perjury, that the information provided above and in the attached

documents is true and correct to the best of my information and belief.

   
            
 

Dated:  12/17/2004

 

/s/ Robert W. Lafferty

 

  
     

(Debtor in Possession)

   
            
     

Senior V.P.-Finance, CFO & Treasurer

  
     

Title

   
            
     

(937) 865-5407

    
     

Phone

      
           

FORM 1











TRANSMITTAL OF FINANCIAL REPORTS AND

CERTIFICATION OF COMPLIANCE WITH

UNITED STATES TRUSTEE OPERATING REQUIREMENTS FOR

THE PERIOD ENDED:  DECEMBER 4, 2004

            

IN RE:

      

:

CASE NO:  04-39148

  
       

:

Chapter 11

   
       

:

Judge:  Lawrence S. Walter

       

:

    

LEHIGH AVENUE PROPERTY HOLDINGS, INC. 

      
 

     Debtor

          
            

As debtor in possession, I affirm:

        
            

1.

That I have reviewed the financial statements attached hereto, consisting of:

  
 

 

Operating Statement

(Form 2)

   
 

 

Balance Sheet

(Form 3)

   
 

 

Summary of Operations

(Form 4)

   
 

 

Monthly Cash Statement

(Form 5)

   
 

 

Cash Report

(Form 5A)

   
 

 

Statement of Compensation

(Form 6)

   
 

 

Schedule of In-Force Insurance

(Form 7)

   

and that they have been prepared in accordance with normal and customary accounting

 

practices, and fairly and accurately reflect the debtor's financial activity for the period stated;

2.

That the insurance, including workers' compensation and unemployment insurance,

as described in Section 4 of the Reporting Requirements For Chapter 11 Cases is in effect; and,

(If not, attach a written explanation)

 

YES  √

  

NO

   

3.

That all postpetition taxes as described in Sections 1 and 14 of the Operating

 

Instructions and Reporting Requirements For Chapter 11 cases are current.

   

(If not, attach a written explanation)

 

YES  √

  

NO

   

4.

No professional fees (attorney, accountant, etc.) have been paid without specific

court authorization.

          

(If not, attach a written explanation)

 

YES  √

  

NO

   

5.

All United States Trustee Quarterly fees have been paid and are current.

  

6.

Have you filed your prepetition tax returns.

      

(If not, attach a written explanation)

 

YES  √

  

NO

   
            

I hereby certify, under penalty of perjury, that the information provided above and in the attached

documents is true and correct to the best of my information and belief.

   
            
 

Dated:  12/17/2004

 

/s/ Robert W. Lafferty

 

  
     

(Debtor in Possession)

   
            
     

Senior V.P.-Finance, CFO & Treasurer

  
     

Title

   
            
     

(937) 865-5407

    
     

Phone

      
           

FORM 1











TRANSMITTAL OF FINANCIAL REPORTS AND

CERTIFICATION OF COMPLIANCE WITH

UNITED STATES TRUSTEE OPERATING REQUIREMENTS FOR

THE PERIOD ENDED:  DECEMBER 4, 2004

            

IN RE:

      

:

CASE NO:  04-39148

  
       

:

Chapter 11

   
       

:

Judge:  Lawrence S. Walter

       

:

    

HUFFY SPORTS CANADA, INC.

 

       
 

     Debtor

          
            

As debtor in possession, I affirm:

        
            

1.

That I have reviewed the financial statements attached hereto, consisting of:

  
 

 

Operating Statement

(Form 2)

   
 

 

Balance Sheet

(Form 3)

   
 

 

Summary of Operations

(Form 4)

   
 

 

Monthly Cash Statement

(Form 5)

   
 

 

Cash Report

(Form 5A)

   
 

 

Statement of Compensation

(Form 6)

   
 

 

Schedule of In-Force Insurance

(Form 7)

   

and that they have been prepared in accordance with normal and customary accounting

 

practices, and fairly and accurately reflect the debtor's financial activity for the period stated;

2.

That the insurance, including workers' compensation and unemployment insurance,

as described in Section 4 of the Reporting Requirements For Chapter 11 Cases is in effect; and,

(If not, attach a written explanation)

 

YES  √

  

NO

   

3.

That all postpetition taxes as described in Sections 1 and 14 of the Operating

 

Instructions and Reporting Requirements For Chapter 11 cases are current.

   

(If not, attach a written explanation)

 

YES  √

  

NO

   

4.

No professional fees (attorney, accountant, etc.) have been paid without specific

court authorization.

          

(If not, attach a written explanation)

 

YES  √

  

NO

   

5.

All United States Trustee Quarterly fees have been paid and are current.

  

6.

Have you filed your prepetition tax returns.

      

(If not, attach a written explanation)

 

YES  √

  

NO

   
            

I hereby certify, under penalty of perjury, that the information provided above and in the attached

documents is true and correct to the best of my information and belief.

   
            
 

Dated:  12/17/2004

 

/s/ Robert W. Lafferty

 

  
     

(Debtor in Possession)

   
            
     

Senior V.P.-Finance, CFO & Treasurer

  
     

Title

   
            
     

(937) 865-5407

    
     

Phone

      
           

FORM 1











TRANSMITTAL OF FINANCIAL REPORTS AND

CERTIFICATION OF COMPLIANCE WITH

UNITED STATES TRUSTEE OPERATING REQUIREMENTS FOR

THE PERIOD ENDED:  DECEMBER 4, 2004

            

IN RE:

      

:

CASE NO:  04-39148

  
       

:

Chapter 11

   
       

:

Judge:  Lawrence S. Walter

       

:

    

HUFFY SPORTS OUTLET, INC.

 

       
 

     Debtor

          
            

As debtor in possession, I affirm:

        
            

1.

That I have reviewed the financial statements attached hereto, consisting of:

  
 

 

Operating Statement

(Form 2)

   
 

 

Balance Sheet

(Form 3)

   
 

 

Summary of Operations

(Form 4)

   
 

 

Monthly Cash Statement

(Form 5)

   
 

 

Cash Report

(Form 5A)

   
 

 

Statement of Compensation

(Form 6)

   
 

 

Schedule of In-Force Insurance

(Form 7)

   

and that they have been prepared in accordance with normal and customary accounting

 

practices, and fairly and accurately reflect the debtor's financial activity for the period stated;

2.

That the insurance, including workers' compensation and unemployment insurance,

as described in Section 4 of the Reporting Requirements For Chapter 11 Cases is in effect; and,

(If not, attach a written explanation)

 

YES  √

  

NO

   

3.

That all postpetition taxes as described in Sections 1 and 14 of the Operating

 

Instructions and Reporting Requirements For Chapter 11 cases are current.

   

(If not, attach a written explanation)

 

YES  √

  

NO

   

4.

No professional fees (attorney, accountant, etc.) have been paid without specific

court authorization.

          

(If not, attach a written explanation)

 

YES  √

  

NO

   

5.

All United States Trustee Quarterly fees have been paid and are current.

  

6.

Have you filed your prepetition tax returns.

      

(If not, attach a written explanation)

 

YES  √

  

NO

   
            

I hereby certify, under penalty of perjury, that the information provided above and in the attached

documents is true and correct to the best of my information and belief.

   
            
 

Dated:  12/17/2004

 

/s/ Robert W. Lafferty

 

  
     

(Debtor in Possession)

   
            
     

Senior V.P.-Finance, CFO & Treasurer

  
     

Title

   
            
     

(937) 865-5407

    
     

Phone

      
           

FORM 1











TRANSMITTAL OF FINANCIAL REPORTS AND

CERTIFICATION OF COMPLIANCE WITH

UNITED STATES TRUSTEE OPERATING REQUIREMENTS FOR

THE PERIOD ENDED:  DECEMBER 4, 2004

            

IN RE:

      

:

CASE NO:  04-39148

  
       

:

Chapter 11

   
       

:

Judge:  Lawrence S. Walter

       

:

    

HUF CANADA, INC.

 

       
 

     Debtor

          
            

As debtor in possession, I affirm:

        
            

1.

That I have reviewed the financial statements attached hereto, consisting of:

  
 

 

Operating Statement

(Form 2)

   
 

 

Balance Sheet

(Form 3)

   
 

 

Summary of Operations

(Form 4)

   
 

 

Monthly Cash Statement

(Form 5)

   
 

 

Cash Report

(Form 5A)

   
 

 

Statement of Compensation

(Form 6)

   
 

 

Schedule of In-Force Insurance

(Form 7)

   

and that they have been prepared in accordance with normal and customary accounting

 

practices, and fairly and accurately reflect the debtor's financial activity for the period stated;

2.

That the insurance, including workers' compensation and unemployment insurance,

as described in Section 4 of the Reporting Requirements For Chapter 11 Cases is in effect; and,

(If not, attach a written explanation)

 

YES  √

  

NO

   

3.

That all postpetition taxes as described in Sections 1 and 14 of the Operating

 

Instructions and Reporting Requirements For Chapter 11 cases are current.

   

(If not, attach a written explanation)

 

YES  √

  

NO

   

4.

No professional fees (attorney, accountant, etc.) have been paid without specific

court authorization.

          

(If not, attach a written explanation)

 

YES  √

  

NO

   

5.

All United States Trustee Quarterly fees have been paid and are current.

  

6.

Have you filed your prepetition tax returns.

      

(If not, attach a written explanation)

 

YES  √

  

NO

   
            

I hereby certify, under penalty of perjury, that the information provided above and in the attached

documents is true and correct to the best of my information and belief.

   
            
 

Dated:  12/17/2004

 

/s/ Robert W. Lafferty

 

  
     

(Debtor in Possession)

   
            
     

Senior V.P.-Finance, CFO & Treasurer

  
     

Title

   
            
     

(937) 865-5407

    
     

Phone

      
           

FORM 1










MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS

Period Ending:  November 2004

Case No:  04-39148


The following information is to be provided for each shareholder, officer, director, manager, insider, or owner that is employed by the debtor in possession.

Attach additional pages if necessary.


Name:

Don R. Graber

Capacity:

                 Shareholder

                 Officer

       X        Director

                 Insider


Detailed Description of Duties:

Serves as a Director of Huffy Corporation.





Current Compensation Paid:

Weekly

or

Monthly

     
     
     

Current Benefits Paid:

Weekly

or

Monthly

 

Health Insurance

  

$   602.35

 

Life Insurance

  

1.20

 

Retirement

  

2,861.46

 

Company Vehicle

   
 

Entertainment

   
 

Travel (Reimbursed)

   
 

Other Benefits (Dental, AD&D)

  

10.04

 

Total Benefits

  

$ 3,475.05

     

Current Other Payment Paid:

Weekly

or

Monthly

 

Rent Paid

   
 

Loans

   
 

Other (Describe)

   
 

Other (Describe)

   
 

Other (Describe)

   
 

Total Other Payments

   
     

CURRENT TOTAL OF ALL PAYMENTS:

Weekly

or

Monthly

    

$3,475.05

     

Dated:  

12/17/04      

 

/s/ Robert W. Lafferty

Principal, Officer, Director, or Insider

xviii.

FORM 6










MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS

Period Ending:  November 2004

Case No:  04-39148


The following information is to be provided for each shareholder, officer, director, manager, insider, or owner that is employed by the debtor in possession.

Attach additional pages if necessary.


Name:

W. Anthony Huffman

Capacity:

                  Shareholder

                  Officer

        X        Director

                  Insider


Detailed Description of Duties:

Serves as Director of Huffy Corporation.


Serves on Nominating and Governance Committee.




Current Compensation Paid:

Weekly

or

Monthly

     
     
     

Current Benefits Paid:

Weekly

or

Monthly

 

Health Insurance

  

$   602.35

 

Life Insurance

  

1.20

 

Retirement

  

2,936.75

 

Company Vehicle

   
 

Entertainment

   
 

Travel (Reimbursed)

   
 

Other Benefits (Dental, AD&D)

   
 

Total Benefits

  

$ 3,540.30

     

Current Other Payment Paid:

Weekly

or

Monthly

 

Rent Paid

   
 

Loans

   
 

Other (Describe)

   
 

Other (Describe)

   
 

Other (Describe)

   
 

Total Other Payments

   
     

CURRENT TOTAL OF ALL PAYMENTS:

Weekly

or

Monthly

    

$3,540.30

     

Dated:  

12/17/04        

 

/s/ Robert W. Lafferty

  

Principal, Officer, Director, or Insider

xviii.

FORM 6










MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS

Period Ending:  November 2004

Case No:  04-39148


The following information is to be provided for each shareholder, officer, director, manager, insider, or owner that is employed by the debtor in possession.

Attach additional pages if necessary.


Name:

Donald K. Miller

Capacity:

                  Shareholder

                  Officer

        X        Director

                  Insider


Detailed Description of Duties:

Serves as a Director of Huffy Corporation.


Serves on Audit Committee.




Current Compensation Paid:

Weekly

or

Monthly

     
     
     

Current Benefits Paid:

Weekly

or

Monthly

 

Health Insurance

   
 

Life Insurance

  

1.20

 

Retirement

   
 

Company Vehicle

   
 

Entertainment

   
 

Travel (Reimbursed)

   
 

Other Benefits (Dental, AD&D)

  

0.30

 

Total Benefits

  

$   1.50

     

Current Other Payment Paid:

Weekly

or

Monthly

 

Rent Paid

   
 

Loans

   
 

Other (Describe)

   
 

Other (Describe)

   
 

Other (Describe)

   
 

Total Other Payments

   
     

CURRENT TOTAL OF ALL PAYMENTS:

Weekly

or

Monthly

    

$    1.50

     

Dated:  

  12/17/04      

 

/s/ Robert W. Lafferty

  

Principal, Officer, Director, or Insider

xviii.

FORM 6










MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS

Period Ending:  November 2004

Case No:  04-39148


The following information is to be provided for each shareholder, officer, director, manager, insider, or owner that is employed by the debtor in possession.

Attach additional pages if necessary.


Name:

James F. Robeson

Capacity:

                  Shareholder

                  Officer

        X        Director

                  Insider


Detailed Description of Duties:

Serves as Director of Huffy Corporation.


Serves on Audit Committee (Chairman) and Compensation Committee.




Current Compensation Paid:

Weekly

or

Monthly

     
     
     

Current Benefits Paid:

Weekly

or

Monthly

 

Health Insurance

   
 

Life Insurance

  

1.20

 

Retirement

   
 

Company Vehicle

   
 

Entertainment

   
 

Travel (Reimbursed)

   
 

Other Benefits (Dental, AD&D)

  

0.30

 

Total Benefits

  

$   1.50

     

Current Other Payment Paid:

Weekly

or

Monthly

 

Rent Paid

   
 

Loans

   
 

Other (Describe)

   
 

Other (Describe)

   
 

Other (Describe)

   
 

Total Other Payments

   
     

CURRENT TOTAL OF ALL PAYMENTS:

Weekly

or

Monthly

    

$   1.50

     

Dated:  

  12/17/04      

 

/s/ Robert W. Lafferty

Principal, Officer, Director, or Insider

xviii.

FORM 6










MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS

Period Ending:  November 2004

Case No:  04-39148


The following information is to be provided for each shareholder, officer, director, manager, insider, or owner that is employed by the debtor in possession.

Attach additional pages if necessary.


Name:

Thomas C. Sullivan

Capacity:

                  Shareholder

                  Officer

        X        Director

                  Insider


Detailed Description of Duties:

Serves as Chairman of Huffy Corporation.


Serves on Compensation Committee (Chairman).




Current Compensation Paid:

Weekly

or

Monthly

     
     
     

Current Benefits Paid:

Weekly

or

Monthly

 

Health Insurance

   
 

Life Insurance

  

1.20

 

Retirement

   
 

Company Vehicle

   
 

Entertainment

   
 

Travel (Reimbursed)

   
 

Other Benefits (Dental, AD&D)

  

0.30

 

Total Benefits

  

$   1.50

     

Current Other Payment Paid:

Weekly

or

Monthly

 

Rent Paid

   
 

Loans

   
 

Other (Describe)

   
 

Other (Describe)

   
 

Other (Describe)

   
 

Total Other Payments

   
     

CURRENT TOTAL OF ALL PAYMENTS:

Weekly

or

Monthly

    

$   1.50

     

Dated:  

 12/17/04      

 

/s/ Robert W. Lafferty

  

Principal, Officer, Director, or Insider

xviii.

FORM 6










MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS

Period Ending:  November 2004

Case No:  04-39148


The following information is to be provided for each shareholder, officer, director, manager, insider, or owner that is employed by the debtor in possession.

Attach additional pages if necessary.


Name:

Joseph P. Viviano

Capacity:

                  Shareholder

                  Officer

        X        Director

                  Insider


Detailed Description of Duties:

Serves as Director of Huffy Corporation.


Serves on Compensation Committee and Nominating and Governance Committee (Chairman).




Current Compensation Paid:

Weekly

or

Monthly

     
     
     

Current Benefits Paid:

Weekly

or

Monthly

 

Health Insurance

   
 

Life Insurance

  

1.20

 

Retirement

   
 

Company Vehicle

   
 

Entertainment

   
 

Travel (Reimbursed)

   
 

Other Benefits (Dental, AD&D)

  

0.30

 

Total Benefits

  

$   1.50

     

Current Other Payment Paid:

Weekly

or

Monthly

 

Rent Paid

   
 

Loans

   
 

Other (Describe)

   
 

Other (Describe)

   
 

Other (Describe)

   
 

Total Other Payments

   
     

CURRENT TOTAL OF ALL PAYMENTS:

Weekly

or

Monthly

    

$   1.50

     

Dated:  

  12/17/04       

 

/s/ Robert W. Lafferty

  

Principal, Officer, Director, or Insider

xviii.

FORM 6










MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS

Period Ending:  November 2004

Case No:  04-39148


The following information is to be provided for each shareholder, officer, director, manager, insider, or owner that is employed by the debtor in possession.

Attach additional pages if necessary.


Name:

Gerald B. Wasserman

Capacity:

                  Shareholder

                  Officer

       X         Director

                  Insider


Detailed Description of Duties:

Serves as Director of Huffy Corporation.


Serves on Audit Committee and Nominating and Governance Committee.




Current Compensation Paid:

Weekly

or

Monthly

     
     
     

Current Benefits Paid:

Weekly

or

Monthly

 

Health Insurance

   
 

Life Insurance

  

1.20

 

Retirement

   
 

Company Vehicle

   
 

Entertainment

   
 

Travel (Reimbursed)

   
 

Other Benefits (Dental, AD&D)

  

0.30

 

Total Benefits

  

$ 1.50

     

Current Other Payment Paid:

Weekly

or

Monthly

 

Rent Paid

   
 

Loans

   
 

Other (Describe)

   
 

Other (Describe)

   
 

Other (Describe)

   
 

Total Other Payments

   
     

CURRENT TOTAL OF ALL PAYMENTS:

Weekly

or

Monthly

    

$ 1.50

     

Dated:  

 12/17/04        

 

/s/ Robert W. Lafferty

  

Principal, Officer, Director, or Insider

xviii.

FORM 6










MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS

Period Ending:  November 2004

Case No:  04-39148


The following information is to be provided for each shareholder, officer, director, manager, insider, or owner that is employed by the debtor in possession.

Attach additional pages if necessary.


Name:

Nancy A. Michaud

Capacity:

                  Shareholder

        X        Officer

                  Director

                  Insider


Detailed Description of Duties:

Senior Vice President - General Counsel

and Secretary -


responsible for and manages all legal aspects of the Debtor’s business.  Serves as Corporate


Secretary.



Current Compensation Paid:

Weekly

or

Monthly

     
    

$19,923.08

     

Current Benefits Paid:

Weekly

or

Monthly

 

Health Insurance

  

$   651.00

 

Life Insurance

  

6.00

 

Retirement

   
 

Company Vehicle

  

800.00

 

Entertainment

   
 

Travel (Reimbursed)

  

511.34

 

Other Benefits (Dental, AD&D)

  

63.62

 

Total Benefits

  

$ 2,031.96

     

Current Other Payment Paid:

Weekly

or

Monthly

 

Rent Paid

   
 

Loans

   
 

Other (Describe)

   
 

Other (Describe)

   
 

Other (Describe)

   
 

Total Other Payments

   
     

CURRENT TOTAL OF ALL PAYMENTS:

Weekly

or

Monthly

    

$21,955.04

     

Dated:  

  12/17/04       

 

/s/ Robert W. Lafferty

  

Principal, Officer, Director, or Insider

xviii.

FORM 6










MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS

Period Ending:  November 2004

Case No:  04-39148


The following information is to be provided for each shareholder, officer, director, manager, insider, or owner that is employed by the debtor in possession.

Attach additional pages if necessary.


Name:

John A. Muskovich

Capacity:

                  Shareholder

        X        Officer

                  Director

                  Insider


Detailed Description of Duties:

Chief Executive Officer - responsible for overall


management and supervision, strategic planning and development of Debtor’s business.



Current Compensation Paid:

Weekly

or

Monthly

     
    

$30,461.54

     

Current Benefits Paid:

Weekly

or

Monthly

 

Health Insurance

  

$   651.00

 

Life Insurance

  

6.00

 

Executive Life Insurance (Annual Premium)

  

8,830.00

 

Retirement

   
 

Company Vehicle

  

1,000.00

 

Entertainment

   
 

Travel (Reimbursed)

  

10,839.05

 

Other Benefits (Dental, AD&D)

  

21.79

 

Total Benefits

  

$ 21,347.84

     

Current Other Payment Paid:

Weekly

or

Monthly

 

Rent Paid

   
 

Loans

   
 

Other (Describe)

   
 

Other (Describe)

   
 

Other (Describe)

   
 

Total Other Payments

   
     

CURRENT TOTAL OF ALL PAYMENTS:

Weekly

or

Monthly

    

$51,809.38

     

Dated:  

  12/17/04       

 

/s/ Robert W. Lafferty

  

Principal, Officer, Director, or Insider

xviii.

FORM 6










MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS

Period Ending:  November 2004

Case No:  04-39148


The following information is to be provided for each shareholder, officer, director, manager, insider, or owner that is employed by the debtor in possession.

Attach additional pages if necessary.


Name:

Robert W. Lafferty

Capacity:

                  Shareholder

        X        Officer

                  Director

                  Insider


Detailed Description of Duties:

Senior Vice President - Finance, Chief Financial Officer


and Treasurer - responsible for all finance and treasury functions of the Debtors’ business.




Current Compensation Paid:

Weekly

or

Monthly

     
    

$23,230.78

     

Current Benefits Paid:

Weekly

or

Monthly

 

Health Insurance

  

$   651.00

 

Life Insurance

  

6.00

 

Company Vehicle

  

800.00

 

Entertainment

   
 

Travel (Reimbursed)

  

100.00

 

Other Benefits (Dental, AD&D, LTD)

  

107.45

 

Total Benefits

  

$ 1,664.45

     

Current Other Payment Paid:

Weekly

or

Monthly

 

Rent Paid

   
 

Loans

   
 

Other (Describe)

   
 

Other (Describe)

   
 

Other (Describe)

   
 

Total Other Payments

  

$             0

     

CURRENT TOTAL OF ALL PAYMENTS:

Weekly

or

Monthly

    

$24,895.23

     

Dated:  

  12/17/04    

 

/s/ Robert W. Lafferty

  

Principal, Officer, Director, or Insider


xviii.

FORM 6










MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS

Period Ending:  November 2004

Case No:  04-39148


The following information is to be provided for each shareholder, officer, director, manager, insider, or owner that is employed by the debtor in possession.

Attach additional pages if necessary.


Name:

Robert A. Stead

Capacity:

                  Shareholder

        X        Officer

                  Director

                  Insider


Detailed Description of Duties:

Senior Vice President - Human Resources - responsible


for human resource function of the Debtor’s business.




Current Compensation Paid:

Weekly

or

Monthly

     
    

$13,846.16

     

Current Benefits Paid:

Weekly

or

Monthly

 

Health Insurance

  

$   840.00

 

Life Insurance

  

6.00

 

Company Vehicle

  

800.00

 

Entertainment

   
 

Travel (Reimbursed)

   
 

Other Benefits (Dental, AD&D, LTD)

  

86.34

 

Total Benefits

  

$ 1,732.34

     

Current Other Payment Paid:

Weekly

or

Monthly

 

Rent Paid

   
 

Loans

   
 

Other (Describe)

   
 

Other (Describe)

   
 

Other (Describe)

   
 

Total Other Payments

   
     

CURRENT TOTAL OF ALL PAYMENTS:

Weekly

or

Monthly

    

$15,578.50

     

Dated:  

  12/17/04   

 

/s/ Robert W. Lafferty

  

Principal, Officer, Director, or Insider


xviii.

FORM 6










SCHEDULE OF IN-FORCE INSURANCE

Period Ending: DECEMBER 4, 2004


Case No. 04-39148   


INSURANCE TYPE

 

CARRIER

 

EXPIRATION DATE

Workers’ Compensation

 

Commerce and Industry Ins. Co

 

7/1/05

General Business Policy

 

Lexington Ins. Co.

 

7/1/05

Directors & Officers Liability

 

Federal Ins. Co. (Chubb)

 

1/1/05

Excess Directors & Officers Liability

 

Zurich Ins. Co.

 

1/5/05

Excess Directors & Officers Liability

 

National Union Fire Ins. Co.

 

1/1/05

Outside Directors Liability

 

Federal Ins. Co. (Chubb)

 

1/1/05

Fiduciary Liability & Crime

 

Federal Ins. Co. (Chubb)

 

1/1/05

Employed Lawyers

 

Executive Risk Indemnity (Chubb)

 

1/1/05

Cargo & War

 

Fireman’s Fund Ins. Co.

 

7/1/05

General Liability

 

Lexington Ins. Co.

 

7/1/05

Automobile Liability

 

Progressive Preferred Ins. Co.

 

7/1/05

Worker’s Compensation (CA)

 

Commerce & Industry Ins. Co.

 

7/1/05

Excess Worker’s Compensation

 

Employers Reinsurance Corporation

 

7/1/05

Umbrella Liability

 

National Union fire Ins. Co. (AIG)

 

7/1/05

Property

 

American Guaranty & Liability

 

7/1/05

Excess California Earthquake

 

Clarendon/Empire/Glencoe

 

7/1/05

International Liability

 

ACE American Ins. Co.

 

7/1/05

Kidnap/Ransom

 

Federal Ins. Co. (Chubb)

 

8/15/05

Non-Owned Aircraft Liability

 

XL Specialty Ins. Co.

 

7/1/05

Pollution Legal Liability

 

American International Specialty Lines

 

1/6/10


xix.


FORM 7