BAL BAY ASSOCIATES: Files for Chapter 11 in Miami

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Debtor: Bal Bay Associates, Inc.
1900 Sunset Harbour Drive, Suite 200
Miami Beach, FL 33139

Bankruptcy Case No.: 11-13641

Chapter 11 Petition Date: February 11, 2011

Court: U.S. Bankruptcy Court
Southern District of Florida (Miami)

Judge: A. Jay Cristol

Debtor's Counsel: Scott Alan Orth, Esq.
LAW OFFICES OF SCOTT ALAN ORTH, P.A.
3880 Sheridan Street
Hollywood, FL 33021
Tel: (305) 757-3300
Fax: (305) 757-0071
E-mail: orthlaw@bellsouth.net

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $1,000,001 to $10,000,000

A list of the Company's two largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/flsb11-13641.pdf

The petition was signed by John R. Olsen, director.

Debtor-affiliate that previously filed separate Chapter 11 petition:

Entity Case No. Petition Date
------ -------- -------------
Bal Bay Properties, Inc. 11-10374 01/07/11