Paintball was organized in 1989. Based on its own evaluation of its competitors, the Company believes that until its filing of protection under Chapter 11 of the bankruptcy laws and the subsequent conversion to Chapter 7 of the Federal Bankruptcy Act, it had been a leading wholesale distributor and manufacturer of paintball gaming supplies in terms of revenues, number of customers, and range of products offered. "Paintballing" is considered an "extreme sport" and involves participants shooting "paintballs" at targets or other persons, generally in a competitive situation. Paintballing is an international sport that is played in virtually all...