CompaniesDescription 
ACL Semiconductors Inc.Hong Kong-based ACL Semiconductors Inc. manufactures dynamic random access memory products for computers, digital cameras and other products 
Aeolus Pharmaceuticals Inc.Aeolus Pharmaceuticals Inc. is a Mission Viejo, Calif.-based pharmaceutical company that develops medical treatments against biological, chemical and radiological weapons 
Affymax Inc.Palo Alto, Calif.-based Affymax Inc. develops medication to treat patients with kidney disease and other illnesses 
Alexza Pharmaceuticals Inc.Alexza Pharmaceuticals Inc. is a Mountain View, Calif.-based company that develops medications to treat biopolar disorder, migraines, pain, seizures and insomnia 
Alliqua Inc.Alliqua Inc. develops products for wound dressings, headquartered in New York 
Amaru Inc.Amaru, headquartered in Singapore, provides interactive entertainment on demand through its subsidiaries 
American Oriental Bioengineering Inc.Beijing-based American Oriental Bioengineering is a pharmaceutical company that develops products from Chinese-based traditional medicines 
Amincor Inc.Amincor Inc. is a New York company that grows its subsidiaries through acquisitions 
Assured Pharmacy Inc.Plano, Texas-based Assured Pharmacy Inc. is a specialty pharmacy chain that provides prescription services to medical professionals 
Aura Systems Inc.El Segundo, Calif.-based Aura Systems is a technology company that focuses on axial-flux induction machine applications for electric motors and mobile power generation 
*Avantair Inc.Avantair, headquartered in Clearwater, Fla., operates private aircrafts 
Biovest InternationalBiovest International, based in Minneapolis, develops cancer vaccines, including for non-Hodgkin’s lymphoma, mantle cell lymphoma and other blood cancers 
Bodisen Biotech Inc.Bodisen Biotech Inc. is a Chinese fertilizer company 
Boreal WaterBorreal Water, headquartered in Kiamesha Lake, N.Y., makes private-label bottled water 
China Precision Steel Inc. China Precision Steel is a steel processing company headquartered in Hong Kong  
Chromcraft Revington Inc.Chromcraft Revington, designs, imports and manufactures residential and commercial furniture 
Decision Diagnostics Corp.Decision Diagnostics Corp. is a Westlake Village, Calif., company that develops medical technology for use on mobile phones 
DigitalTown Inc.Burnsville, Minn.-based DigitalTown provides high school domain names inspired by school mascots 
DS HealthcareDS Healthcare is a Pompano Beach, Fla.-company that develops skin and hair care products for men 
Energy Future Holdings Corp.Energy Future Holdings Corp. is a Dallas-based energy company that focuses on serving the Texas market 
Energy Services of America Corp.Energy Services of America, headquartered in Huntington, W.V., provides construction services to the natural gas, oil, chemical and electric industries 
Enova Systems Inc.Enova Systems Inc. is a company that develops electric vehicle and hybrid-electric vehicle technologies, based in Torrance, Calif. 
Envision Solar International Inc. Envision Solar International Inc. is a San Diego-based solar panel developer, that makes solar panels for parking garages, for charging electric vehicles and providing shade  
Excel Maritime Carriers Inc. Excel Maritime Carriers is an Athens-based shipping company that operates a fleet of dry-bulk vessels  
FreeSeas Inc.Athens-based FreeSeas is a shipping company that transports iron ore, coal and steel products 
Gasco EnergyGasco Energy is a Denver-based company that develops natural gas deposits in the Rocky Mountain region 
Global Ship LeaseGlobal Ship Lease a company that owns a fleet of container ships, based out of the Marshall Islands 
Globalstar Inc.Globalstar Inc. is a Covington, La., company that builds and operates satellite-based telecommunications systems 
Grandparents.com Inc.New York-based Grandparents.com owns a website that provides content for grandparents 
Greatmat Technology Corp.Greatmat Technology Corp. is a Hong Kong company that produces engineered stone for construction projects 
Hallwood GroupDallas-based Hallwood is a holding company that operates Brookwood Companies Inc., a textile company that produces fabrics and other products 
Harvest Natural Resources Inc.Harvest Natural Resources Inc. is a Houston company that acquires, develops and produces oil and natural gas from properties 
Hotel Outsource Management International Inc.Hotel Outsource Management International Inc. is a hotel services provider that operates computerized minibars and offers consulting services, based out of New York 
IBio Inc. Ibio is a Newark, Del.-based company that develops technology that produces vaccines and other medicines  
Idera Pharmaceuticals Inc. Idera is a Cambridge, Mass.-based clinical stage biopharmaceutical company that develops medications to treat inflammation  
LDK Solar Co. Ltd.Xinyu City, China-based LDK manufactures multicrystalline solar wafers used in solar panels 
Leo MotorsLeo Motors is a Korean company that manufactures electric vehicles 
MaxClean HoldingsMaxClean Holdings is a Chinese company that provides contamination control supplies and cleaning products for manufacturing companies 
Maxcom Telecommunications SAB de CV Mexico City-based Maxcom Telecommunications SAB de CV is a Mexican telecommunications company  
Milagro OilMilagro Oil is a Houston-based oil and gas company 
Morgans Hotel Group Co.Morgans Hotel Group Co. is a New York-based boutique hotel developer 
Motorcar Parts America Inc.Motorcar Parts America, headquartered in Torrance, Calif., manufactures replacement starters and alternators for automobiles 
Nitro Petroleum Inc.Nitro Petroleum Inc. is an Oklahoma company that develops and sells oil, gas and natural gas liquids 
Omphalos Corp.Omphalos Corp. a circuit board equipment supplier headquartered in China 
Op Tech Environmental Services Inc.Op Tech Environmental Services, headquartered in East Syracuse, N.Y., provides environmental, industrial and mechanical services 
Powin Corp.Powin Corp. is a Tualatin, Ore.-based equipment manufacturing company 
Plug Power Inc.Plug Power is a Latham, N.Y.-based developer of alternative energy batteries  
Paid Inc.Paid Inc. is a company that provides creative services, including marketing and web development, headquartered in Westborough, Mass. 
Pedevco Corp.Pedevco Corp. is an oil and gas production company based in Danville, Calif. 
Proguard Acquisition Corp.Proguard Acquisition Corp. is a Fort Lauderdale, Fla.-based business-to-business wholesaler 
Remark Media Remark Media, headquartered in Atlanta, owns of Banks.com and FileLater.com  
Seanergy Maritime Holdings Corp.Seanergy, headquartered in Athens, Greece, owns and operates a fleet of dry bulk carriers 
Start Scientific Inc.Start Scientific Inc. is an oil exploration and drilling company headquartered in San Antonio, Texas 
TranSwitch Corp. TranSwitch Corp. is a semiconductor manufacturer headquartered in Shelton, Conn.  
Tranzyme Inc.Tranzyme Inc. is a late-stage biopharmaceutical company headquartered in Durham, N.C. that develops medication for chemotherapy-induced diarrhea and metabolic diseases 
True Drinks Holdings Inc.True Drinks Holdings Inc. is an Irvine, Calif.-based company that makes beverages, which are free from artificial coloring 
United American Healthcare Corp.United American Healthcare, based in Chicago, owns and operates through its subsidiary Pulse Systems LLC, which manufactures medical devices 
Velti plcLondon-based Velti plc is a mobile marketing and advertising company 
Vertical Computer Systems Inc.Vertical Computer Systems Inc., headquartered in Richardson, Texas, provides Internet technology, administrative software that can build website or handle payroll services 
*VHGI Holdings Inc.VHGI Holdings is a coal mining company that is based in Sullivan, Ind. 
VisionChina Media Inc.Shenzhen, China-based VisionChina is an advertising company that uses mobile digital television broadcasts to deliver content on mass transportation systems 
Vuzix Corp.Vuzix is a video-eyewear company headquartered in Rochester N.Y. 
Walter Energy Inc.Walter Energy is a Birmingham, Ala.-based producer and exporter of metallurgical coals for the global steel industry 
Xzeres Corp.Xzeres, headquartered in Wilsonville, Ore., manufactures and sells wind turbines 
You On Demand HoldingsYou On Demand Holdings is a Boulder, Colo. company that provides video-on-demand services 
Tune in next Tuesday for more restructuring coverage.   
* - companies added since June 25Editor’s Note: A company that appears on Mergers & Acquisitions Distressed Company Watch List has indicated in a filing with the U.S. Securities and Exchange Commission doubt about its ability to continue as a going concern. A company can be removed from the list if it is acquired, if it files for bankruptcy protection or if it indicates a change in status.