Exhibit 99.1

UNITED STATES BANKRUPTCY COURT

DISTRICT OF NEW JERSEY

In re	RCLC, Inc.	Case No.	10-35313-MBK
		Reporting Period	12/01/10 - 12/31/10

MONTHLY OPERATING REPORT

File with Court and submit copy to United States Trustee within 20 days after end of month.

Submit copy of report to any official committee appointed in the case

		Document	Explanation	Affidavit/Supplement
REQUIRED DOCUMENTS	Form No.	Attached	Attached	Attached
Schedule of Cash Receipts and Disbursements	MOR-1	P
Bank Reconciliation (or copies of debtor's bank reconciliation)	MOR-1a	P
Schedule of Professional Fees Paid	MOR-1b	P
Copies of bank statements		P
Cash disbursements journals		P
Statement of Operations	MOR-2	P
Balance Sheet	MOR-3	P
Status of Postpetition Taxes	MOR-4	P
Copies of IRS Form 6123 or payment receipt
Copies of tax returns filed during reporting period
Summary of Unpaid Postpetition Debts	MOR-4	P
Listing of aged accounts payable	MOR-4	P
Accounts Receivable Reconciliation and Aging	MOR-5	N/A
Debtor Questionnaire	MOR-5	P

I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents
are true and correct to the best of my knowledge and belief.
Signature of Debtor	Date
Signature of Joint Debtor	Date
/s/ Daryl Holcomb	March 16, 2011
Signature of Authorized Individual *	Date
Daryl K. Holcomb	Vice President & Chief Financial Officer
Printed Name of Authorized Individual	Title of Authorized Individual
* Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtor
is a partnership; a manager or member if debtor is a limited liability company.

In re	RCLC, INC.	Case No.	10-35313-MBK
		Reporting Period	12/01/10 - 12/31/10

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

		Bank Accounts											Current Month					Cumulative Filing to Date
		Operating			Payroll			Tax			Other		Actual			Projected		Actual			Projected
Cash Beginning of Month		$	26,504.32		$	1,560.96		$	4,425.78		$	71.26	$	32,562.32		$	-	$	36,840.24		$	-
Receipts		Amount			Amount			Amount			Amount		Amount			Amount		Amount			Amount
	Cash Sales	$	-		$	-		$	-		$	-	$	-		$	-	$	-		$	-
	Accounts Receivable													-					-
	Loans and Advances													-					-
	Sale of Assets													-					-
	Other (see below)		-			-			-			-		-					1,524.24
	Transfers (From DIP Accts.)		90,099.80			21,624.54			4,623.03			-		116,347.37					634,323.42
	Total Receipts	$	90,099.80		$	21,624.54		$	4,623.03		$	-	$	116,347.37		$	-	$	635,847.66		$	-
Disbursements		Amount			Amount			Amount			Amount		Amount			Amount		Amount			Amount
	Net Payroll	$	-		$	22,185.50		$			$		$	22,185.50		$		$	116,226.81		$	-
	Payroll Taxes								8,849.01					8,849.01					44,368.43
	Sales, Use, & Other Taxes													-					75.00
	Inventory Purchases													-					-
	Secured/Rental/Leases		3,860.60											3,860.60					17,722.40
	Insurance		10,810.22											10,810.22					114,969.02
	Administrative		1,883.03											1,883.03					40,649.62
	Selling													-					-
	Other (see below)		7,697.17			-			76.02			-		7,773.19					31,160.58
	Owner Draw *													-					-
	Transfers (To DIP Accts)		26,247.57						99.80					26,347.37					96,800.04
	Professional Fees		50,516.87											50,516.87					193,382.10
	U.S. Trustee Quarterly Fees		325.28											325.28					975.28
	Court Costs													-					-
	Total Disbursements	$	101,340.74		$	22,185.50		$	9,024.83		$	-	$	132,551.07		$	-	$	656,329.28		$	-
Net Cash Flow		$	(11,240.94	)	$	(560.96	)	$	(4,401.80	)	$	-	$	(16,203.70	)	$		$	(20,481.62	)	$
(Receipts Less Disbursements)
Cash - End of Month		$	15,263.38		$	1,000.00		$	23.98		$	71.26	$	16,358.62		$	-	$	16,358.62		$	-

* Compensation to Sole Proprietors for Services Rendered to Bankruptcy Estate
	THE FOLLOWING SECTION MUST BE COMPLETED
Disbursements for Calculating U.S. Trustee Quarterly Fees: (From Current Month Actual Column)
Total Disbursements										$	132,551.07
	Less: Transfers to Debtor in Possession Accounts										(26,347.37	)
	Plus: Estate Disbursements Made by Outside Sources (i.e. from escrow accounts)
Total Disbursements for Calculating U.S. Trustee Quarterly Fees										$	106,203.70
Other Receipts:
		$	-	$	-	$	-	$	-
Other Expense :
Bank Fees			3,051.10				76.02
401K			1,000.71
Directors Fees			3,645.36
			7,697.17		-		76.02		-

In re	RCLC, INC.	Case No.	10-35313-MBK
		Reporting Period	12/01/10 - 12/31/10

BANK RECONCILIATIONS

Continuation Sheet for MOR-1

	Operating			Tax			401K			Tax			Operating					Payroll					Other
	Wells Fargo Bank, NA			Wells Fargo Bank, NA			Wells Fargo Bank, NA			Capital One Bank			Capital One Bank					Capital One Bank					Petty Cash
	*			*			*			*			*					*					N/A
Balance Per Book		$	10,950.78		$	-		$	-		$	23.98			$	4,312.60				$	1,000.00			$	71.26
Bank Balance		$	10,950.78		$	-		$	-		$	23.98			$	10,818.38				$	10,924.95				N/A
(+) Deposits in Transit (Attach List)			-			-			-			-				-					-				-
(-) Outstanding Checks (Attach List)			-			-			-			-				(6,505.78	)				(9,924.95	)			-
Other (Attach Explanation)			-			-			-			-				-					-				-
Adjusted Bank Balance *		$	10,950.78		$	-		$	-		$	23.98			$	4,312.60				$	1,000.00				N/A
* Adjusted bank balance must equal
balance per books
Deposits in Transit	Date	Amount		Date	Amount		Date	Amount		Date	Amount		Date		Amount			Date		Amount			Date	Amount
		$	-		$	-		$	-		$	-			$	-				$	-			$	-
		$	-		$	-		$	-		$	-			$	-				$	-			$	-
Checks Outstanding	Ck.#	Amount		Ck.#	Amount		Ck.#	Amount		Ck.#	Amount		Ck.#		Amount			Ck.#		Amount			Ck.#	Amount
		$	-		$	-		$	-		$	-		2015	$	1,400.00			2982	$	1,521.25			$	-
														2037		947.68			2983		4,560.77
														2044		2,736.36			2986		1,365.92
														2047		620.39			2987		1,949.88
														2050		245.13			2988		527.13
														2051		111.72
														2052		325.28
														2053		119.22
		$	-		$	-		$	-		$	-			$	6,505.78				$	9,924.95			$	-
Other
		$	-		$	-		$	-		$	-			$	-				$	-			$	-
* Account number has been redacted.

In re	RCLC, Inc.	Case No.	10-35313-MBK
		Reporting Period	12/01/10 - 12/31/10

SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID

This schedule is to include all retained professional payments from case inception to current month.

	Period	Amount			Check		Amount Paid				Year-To-Date
Payee	Covered	Approved		Payor	Number	Date	Fees		Expenses		Fees		Expenses
SSG Capital				RCLC			$		$		$	30,000.00	$	5,880.52
Cole, Schotz, Meisel, Forman & Leonard, P.A.	11/01-11/30	$	27,636.40	RCLC	MT122910	12/29/10		19,958.68		2,688.06		56,917.21		5,515.61
Demetrius & Company, LLC	10/01-10/31		750.00	RCLC	2027	12/02/10		600.00		-		5,734.12		-
J.H. Cohn LLP	10/01-10/31		15,743.76	RCLC	MT120710	12/07/10		12,595.01		14.16		36,026.13		50.10
Lowenstein Sandler PC	10/01-10/31		18,175.76	RCLC	MT122210	12/22/10		14,059.20		601.76		52,169.44		1,088.97
								47,212.89		3,303.98		180,846.90		12,535.20

In re	RCLC, Inc	Case No.	10-35313-MBK
		Reporting Period	12/01/10 - 12/31/10

STATEMENT OF OPERATIONS

(Income Statement)

Accrual Basis

				Cumulative
Revenues	Month			Filing to Date
Gross Revenues	$	355,834.30		$	605,834.30
Less:  Returns and Allowances
Net Revenue		355,834.30			605,834.30
Cost of Goods Sold
Beginning Inventory					-
Add:  Purchases					-
Add:  Cost of Labor					-
Add:  Other Costs (attach schedule)					-
Less:  Ending Inventory					-
Cost of Goods Sold		-			-
Gross Profit	$	355,834.30			605,834.30
Operating Expenses
Advertising
Auto and Truck Expense		536.40			2,413.40
Bad Debts					-
Contributions					-
Employee Benefits Programs		3,599.64			32,930.09
Insider Compensation *		7,500.00			22,391.36
Insurance		31,588.48			122,971.82
Management Fees/Bonuses					-
Office Expense		920.42			4,513.08
Pension & Profit-Sharing Plans		(5,593.21	)		(2,056.16	)
Repairs and Maintenance		-			8,246.71
Rent and Lease Expense		3,350.60			16,678.45
Salaries/Commissions/Fees		31,340.09			140,980.85
Supplies		575.29			1,157.77
Taxes - Payroll		2,141.52			10,377.50
Taxes - Real Estate					-
Taxes - Other					-
Travel and Entertainment		(1,400.00	)		3,864.35
Utilities		510.00			2,604.56
Other (attach schedule)		5,232.51			23,306.18
Total Operating Expenses Before Depreciation		80,301.74			390,379.96
Depreciation/Depletion/Amortization					-
Net Profit (Loss) Before Other Income & Expenses		275,532.56			215,454.34
Other Income and Expenses
Other Income (attach schedule)		(2,866.50	)		(13,044.25	)
Interest Expense		2,514.31			14,416.36
Other Expense (attach schedule)		171,893.00			201,015.69
Net Profit (Loss) Before Reorganization Items		103,991.75			13,066.54
Reorganization Items
Professional Fees		18,628.93			224,299.94
U.S. Trustee Quarterly Fees		325.28			975.28
Interest Earned on Accumulated Cash from Chapter 11 (see continuation sheet)					-
Gain (Loss) from Sale of Equipment					-
Other Reorganization Expenses (attach schedule)		-			75.00
Total Reorganization Expenses		18,954.21			225,350.22
Income Taxes - Deferred & allocated among affiliates		(476,189.00	)		(620,580.00	)
Income Taxes - Current		(47,554.00	)		87,779.00
Net Profit (Loss)	$	608,780.54		$	320,517.32

In re	RCLC, Inc	Case No.	10-35313-MBK
		Reporting Period	12/01/10 - 12/31/10

STATEMENT OF OPERATIONS - continuation sheet

			Cumulative
Breakdown of "Other" Category	Month		Filing to Date
Other Costs
None	$	-	$	-
	$	-	$	-
Other Operational Expenses
Stock Transfers	$	1,909.32	$	9,627.32
Information Release Cost				1,360.00
Other Stock Related Expense				1,000.00
Bank Service Fees		3,323.19		11,259.46
Penalties & Late Charges				59.40
	$	5,232.51	$	23,306.18
Other Income
Dividend Income - Split Dollar Insurance	$	2,866.50	$	12,899.25
Other		-		145.00
	$	2,866.50	$	13,044.25
Other Expenses
Auditing & Tax Fees	$	3,250.00	$	14,625.00
Rights Plan Amortization		330.00		1,485.28
Legal Fee - Accrual		-		2,250.00
Other Professional Fees		791.00		15,086.50
Other Professional Fees - Getzler		167,522.00		167,522.00
Other		-		46.91
	$	171,893.00	$	201,015.69
Other Reorganization Expenses
New Jersey Business Gateway Service			$	75.00
	$	-	$	75.00
Reorganization Items - Interest Earned on Accumulated Cash from Chapter 11:
Interest earned on cash accumulated during the chapter 11 case, which would not have been earned but for the bankruptcy proceeding.

In re	RCLC, Inc	Case No.	10-35313-MBK
		Reporting Period	12/01/10 - 12/31/10

BALANCE SHEET

Accrual Basis

	Book Value at End of			Book Value on
Assets	Current Reporting Month			Petition Date
Current Assets
Unrestricted Cash and Equivalents	$	16,358.62		$	36,840.24
Restricted Cash and Equivalents (see continuation sheet)
Accounts Receivable (Net)
Notes Receivable
Inventories
Prepaid Expenses		105,229.94			242,091.94
Professional Retainers		54,703.60			54,703.60
Other Current Assets (attach schedule)		247,775.00			250,768.00
Total Current Assets		424,067.16			584,403.78
Property and Equipment
Real Property and Improvements
Machinery and Equipment
Furniture, Fixtures and Office Equipment
Leasehold Improvements
Vehicles
Less Accumulated Depreciation
Total Property & Equipment		-			-
Other Assets
Loans to Insiders *
Other Assets (see schedule)		16,753,212.74			17,107,507.81
Total Other Assets		16,753,212.74			17,107,507.81
Total Assets	$	17,177,279.90		$	17,691,911.59
	Book Value at End of			Book Value on
Liabilities And Owner Equity	Current Reporting Month			Petition Date
Liabilities Not Subject to Compromise (Postpetition)
Accounts Payable	$	28,674.15		$	-
Taxes Payable (refer to Form MOR-4)		7,140.64
Wages Payable
Notes Payable
Rent/Leases - Building/Equipment
Secured Debt / Adequate Protection Payments
Professional Fees		72,532.48
Amounts Due to Insiders * (defined in 11 U.S.C. Section 101(31))		7,356.73
Other Postpetition Liabilities (attach schedule)		87,779.00
Total Postpetition Liabilities		203,483.00			-
Liabilities Subject to Compromise
Secured Debt		-			2,005,050.59
Priority Debt		43,587.06			51,133.31
Unsecured Debt		10,468,040.44			9,494,075.61
Total Pre-Petition Liabilities		10,511,627.50			11,550,259.51
Total Liabilities		10,715,110.50			11,550,259.51
Owner Equity
Capital Stock		5,172,577.50			5,172,577.50
Additional Paid-In Capital		30,006,795.83			30,006,795.83
Partners' Capital Account
Owner's Equity Account
Retained Earning - Pre-Petition		(27,441,051.23	)		(27,441,051.23	)
Retained Earning - Postpetition		320,517.32
Adjustments to Owner Equity (attach schedule)		(1,596,670.02	)		(1,596,670.02	)
Postpetition contributions (Distributions) (Draws) (attach schedule)
Net Owner Equity		6,462,169.40			6,141,652.08
Total Liabilities and Owners' Equity	$	17,177,279.90		$	17,691,911.59

In re	RCLC, Inc	Case No.	10-35313-MBK
		Reporting Period	12/01/10 - 12/31/10

BALANCE SHEET - continuation sheet

	Book Value at End of			Book Value on
Assets	Current Reporting Month			Petition Date
Other Current Assets
Current Deferred Tax Asset	$	247,775.00		$	250,768.00
	$	247,775.00		$	250,768.00
Other  Assets
Investment is Subsidiaries		8,972,480.35			8,972,480.35
Intercompany Receivables - Prometcor		4,686,643.53			4,686,643.53
Intercompany Receivables - RCPC Liquidating		960,255.81			999,740.57
Deferred Sale costs - Ronson Aviation		-			348,601.95
Non-Current Deferred Tax Asset		2,083,890.68			2,034,742.68
Rights Plan		2,640.50			4,125.86
Cash Surrender Value - Life Insurance		47,301.87			61,172.87
	$	16,753,212.74		$	17,107,507.81
	Book Value at End of			Book Value on
Liabilities And Owner Equity	Current Reporting Month			Petition Date
Other Postpetition Liabilities
Accrued Federal Income Tax	$	87,779.00		$	-
	$	87,779.00		$	-
Adjustments to Owner Equity
Treasury Stock	$	(1,596,670.02	)	$	(1,596,670.02	)
	$	(1,596,670.02	)	$	(1,596,670.02	)
Postpetition contributions (Distributions) (Draws) (attach schedule)
	$	-		$	-

In re	RCLC, Inc	Case No.	10-35313-MBK
		Reporting Period	12/01/10 - 12/31/10

STATUS OF POSTPETITION TAXES

	Beginning		Amount Withheld							Check No.		Ending
	Tax Liability		or Accrued		Amount Paid			Date Paid		or EFT		Tax Liability
Federal
Withholding	$	2,339.00	$	5,206.00	$	(4,732.00	)	12/1,12/15,12/21,12/30				$	2,813.00
FICA-Employee		742.51		1,602.41		(1,529.76	)	12/1,12/15,12/21,12/30					815.16
FICA-Employer		742.49		1,602.41		(1,529.76	)	12/1,12/15,12/21,12/30					815.14
Unemployment		322.86		-		-							322.86
Income		-											-
Other:		-											-
Total Federal Taxes	$	4,146.86	$	8,410.82	$	(7,791.52	)					$	4,766.16
State and Local
Withholding		142.92		1,181.61		(1,057.49	)	12/2,12/21,12/30,12/31					267.04
Sales		-											-
Excise		-											-
Unemployment		1,201.27		510.42									1,711.69
Real Property		-											-
Personal Property
Other:		277.76		117.99									395.75
Total State and Local	$	1,621.95	$	1,810.02	$	(1,057.49	)					$	2,374.48
Total Taxes	$	5,768.81	$	10,220.84	$	(8,849.01	)					$	7,140.64
SUMMARY OF UNPAID POSTPETITION DEBTS
Attached listing of accounts payable
	Current		0-30		31-60			61-90		Over 90		Total
Accounts Payable	$	27,260.15	$	138.00	$	1,276.00		$	-	$	-	$	28,674.15
Wages Payable													-
Taxes Payable		7,140.64											7,140.64
Rent/Leases-Building													-
Rent/Leases-Equipment													-
Secured Debt/Adequate Protection Payments													-
Professional Fees		44,387.75		12,662.16		15,482.57							72,532.48
Amounts Due to Insiders *		7,356.73											7,356.73
Other: 401K Employee													-
Other: Federal Income Tax		87,779.00											87,779.00
Total Postpetition Debts	$	173,924.27	$	12,800.16	$	16,758.57		$	-	$	-	$	203,483.00

In re	RCLC, Inc.	Case No.	10-35313-MBK
		Reporting Period	12/01/10 - 12/31/10

ACCOUNTS RECEIVABLE RECONCILING AND AGING

Accounts Receivable Reconciliation		Amount
Total Accounts Receivable at the beginning of the reporting period		$	-
(+) Amounts billed during the period			-
(-) Amounts collected during the period			-
Total Accounts Receivable at the end of the reporting period				$	-
Accounts Receivable Aging		Amount
0 - 30	days old		-
31 - 60	days old		-
61 - 90	days old		-
91 +	days old		-
Total Accounts Receivable				$	-
Amounts considered uncollectible (Bad Debt)
Accounts Receivable (Net)				$	-

DEBTOR QUESTIONNAIRE

Must be completed each month		Yes	No
1.	Have any assets been sold or transferred outside the normal course of business this reporting period?  If yes, provide an explanation below.		P
2.	Have any funds been disbursed from any account other than a debtor in possession account this reporting period?  If yes, provide an explanation		P
3.	Have all postpetition tax returns been timely filed?  If no, provide an explanation	P
	below.
4.	Are workers compensation, general liability and other necessary insurance	P
	coverage in effect?  If no, provide an explanation below.
5.	Has any bank account been opened during the reporting period?  If yes, provide documentation identifying the opened account(s).		P