February 12, 2008  
COMPULBIKE SA: Files Reorganization Petition in Argentina

Compulbike S.A. has requested for reorganization approval after
failing to pay its liabilities since December 2007.

The reorganization petition, once approved by the court, will
allow Compulbike to negotiate a settlement with its creditors in
order to avoid a straight liquidation.

The case is pending in the National Commercial Court of First
Instance No. 12 in Buenos Aires.  Clerk No. 23 is assisting the
court in this case.

The debtor can be reached at:

           Compulbike S.A.
           Rodriguez Pena 434
           Buenos Aires, Argentina



   
   
   
   
   
   

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