Prologic Management Systems, Inc. filed a plan of reorganization and related disclosure statement in the US Bankruptcy Court on November 21, 2013. Under the plan, administrative claims, US Trustee fees and allowed professional fees will be paid in full in cash. The allowed priority wages and claims of governmental units will be paid in full in cash from the proceeds of the sale of debtor's 95% interest in Jagger.

Unsecured claims will be paid its pro rata share from the proceeds of the sale of debtor's 95% interest in Jaggar. Contingent, un-liquidated and disputed claims will be paid nothing under the plan. Equity interests will be retained by current equity holders.

The plan will be funded from cash in hand and sale of 95% membership interest in Jaggar Industries LLC. The debtor will continue to do business as usual post effective.