Ezenia! Inc. filed a plan of reorganization with related disclosure statement in the US Bankruptcy Court on January 8, 2013. As per the plan filed, administrative claims, for the amount of $0.05 million, shall be paid in full in cash with 10 days of the effective date of plan.

Secured claim of N&W shall receive in full satisfaction of the allowed claim. There are no such claims under the plan. Priority claims, for the allowed amount of $0.01 million, shall be paid in full in cash.

General unsecured claims, for the allowed amount equal or greater than $2000.01, shall receive after the full treatment of Nguyen claims. If Nguyen claims are less than or equal to $0.2 million, then general unsecured claim shall receive 1/10th of the allowed amount over a period of 60 months. If Nguyen claims are greater than $0.2 million to less than $0.4 million, then general unsecured claims shall receive 1/14th of the allowed amount over a period of 84 months. If Nguyen claims are equal to or greater than $0.4 million, then general unsecured claims shall receive 1/18th of allowed amount.

In the event of excess income, general unsecured claims shall receive pro rata share of 10% of such excess income. The estimated recovery will be of 100% of allowed amount. De Minimis general unsecured claims, for the estimated amount of $5847.04, shall be paid in full in cash.

Stockholders shall be retained upon the effective date of the plan. Professional expenses, for the amount of $0.12 million, shall be paid in full in cash. Larry Snyder will remain as chief executive officer of the reorganized company.

The plan shall be funded through cash available of $0.79 million.