Truvo reports net loss of $29.36 million for July

By Lisa Kerner

Charlotte, N.C., Aug. 13 - Truvo Subsidiary Corp. and its affiliated U.S. holding companies filed their initial monthly operating report with the U.S. Bankruptcy Court for the Southern District of New York.

For the period July 1 through July 31, Truvo reported a net loss of $29.36 million on revenue of $1.61 million.

Cash and cash equivalents for the period totaled $9.41 million.

As previously reported, on July 1 Truvo filed for Chapter 11 bankruptcy in order to implement a plan of reorganization that is supported by a high majority of the company's senior lenders.

Truvo is an integrated multinational provider of local search and advertising services. The Chapter 11 case number is 10-13515.

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