Climb to the top of the priority list. Everyone that seeks to deal with debt
collectors or credit bureaus should be armed with this template package. This
collection of letter and fax templates is a powerful means to dealing with all
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Learn your options with regard to refinancing the existing loan to lower your
monthly payment, lower the interest rate, pull cash out or shorten the term of
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BlackWatch Energy Services Trust (TSX:BWT.UN) ("BlackWatch" or the "Trust") Provides an Information
BlackWatch (TSX:BWT.UN) wishes to provide an update on its financial condition, and various strategic and financing initiatives. In BlackWatch's financial and operations update for the first quarter, we disclosed that the Trust was continuing to feel the impact of a broad market weakness, compounded by reduced demand for services in some of its specific markets. In addition, as a result of weak financial results in the fourth quarter of 2006 and the first quarter of 2007, BlackWatch is in breach of several of the financial covenants contained within its senior credit facility agreement. Pursuant to the terms of the credit facility agreement, such a breach provides the senior lenders the right to take certain actions including termination of the credit facility and steps to recover the amount owed. As noted below, management has had constructive discussions with its lenders regarding a re-capitalization which we believe will allow BlackWatch to continue to carry out its business plan.