PRWeb.com Press Release Feed - PRWeb Press Release Account Feed http://www.rsspad.com/rss2a/534814.xml PRWeb.com Press Release Feed - Press Releases en xml@emediawire.com xml@emediawire.com 30 U.S. Bankruptcy Court Issues Order in RedEnvelope, Inc. Chapter 11 Case http://www.prweb.com/releases/2008/04/prweb888594.htm RedEnvelope, Inc. (PINKSHEETS: REDE) today announced that in connection with its Chapter 11 case pending before the United States Bankruptcy Court in San Francisco, the Bankruptcy Court issued an order on April 22, 2008 granting authority to RedEnvelope, Inc. (the "Company") to enter into the $4.5 million debtor-in-possession credit facility and loan agreement by and among the Company, Granite Creek Partners Agent, LLC, as agent, Creative Catalogs Corporation ("Creative Catalogs") and Granite Creek FlexCap I, L.P. as the lenders and approving certain asset sale procedures, which among other things, identifies Creative Catalogs as the stalking horse bidder. (PRWeb Apr 23, 2008)

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