Swoozie's Inc. to Hold Auction Sale; Buyer Looms

Swoozie's, Inc. today announced that it has received court approval to conduct a sale of all of its assets. U.S. Bankruptcy Judge C. Ray Mullins of the U.S. Bankruptcy Court for the Northern District of Georgia issued an order on Wednesday, March 10th, allowing Swoozie's to conduct a sale of its assets. Swoozie's also filed notice with the court that it has received a bid to purchase all of its assets from Hudson Capital Partners for approximately $5.340 million. This bid sets the floor price for the sale and Swoozie's is seeking higher and better bids prior to and at the auction.