Aris Industries, Inc. (AISIQ.PK)

Aris Industries, Inc. engages in the licensing of its owned or licensed trademarks. The company licenses its ‘Members Only’ trademark in the United States and 47 other countries, principally for use in connection with apparel and other men’s clothing. Aris Industries was organized in 1947 and is based in New York City. The company filed a voluntary petition for reorganization under Chapter 11 of the United States Bankruptcy Code in October 2004. Aris Industries operates its business as a debtor-in-possession.

For the six months ended 6/30/04, revenues fell 97% to $125 thousand. Net loss from continued operation totaled $4.7 million, up from $1.9 million. Revenues reflect the sale of XOXO trademark and licensing operations. Net loss also reflect significant reduction in operating margins primarily due to sale XOXO trademark.