EX-99 3 polaroidex99_1.txt EXHIBIT 99.1 IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE - - - - - - - - - - - - - - - - - - -x : In re: : Chapter 11 : POLAROID CORPORATION, : Case No. 01-10864 (PJW) et al., : : Jointly Administered Debtors. : : - - - - - - - - - - - - - - - - - - -x NOTICE OF FILING OF MONTHLY OPERATING REPORTS FOR PERIOD FROM JUNE 2, 2003 THROUGH JUNE 29, 2003 PLEASE TAKE NOTICE that on August 1, 2003, the debtors and debtors-in-possession in the above-captioned cases filed with the United States Bankruptcy Court for the District of Delaware the Monthly Operating Reports of Polaroid Corporation, et al., for the period from June 2, 2003 through June 29, 2003, attached hereto as Exhibit A (the "Monthly Operating Reports"). PLEASE TAKE FURTHER NOTICE that contemporaneously herewith, copies of the Monthly Operating Reports were served on the parties set forth on Exhibit B attached hereto in the manner indicated thereon. Dated: Wilmington, Delaware August 1, 2003 /s/ Mark L. Desgrosseilliers ------------------------------------- Gregg M. Galardi (I.D. No. 2991) Mark L. Desgrosseilliers (I.D. No. 4083) SKADDEN, ARPS, SLATE, MEAGHER & FLOM LLP One Rodney Square P.O. Box 636 Wilmington, Delaware 19899-0636 (302) 651-3000 - and - Eric W. Kaup SKADDEN, ARPS, SLATE, MEAGHER & FLOM (ILLINOIS) 333 West Wacker Drive Chicago, Illinois 60606 (312) 407-0700 Attorneys for Debtors and Debtors-in-Possession Exhibit A TRANSMITTAL OF FINANCIAL REPORTS AND CERTIFICATION OF COMPLIANCE WITH UNITED STATES TRUSTEE OPERATING REQUIREMENTS FOR PERIOD ENDED June 29, 2003 Debtors Names: Case Number: Polaroid Corporation 01-10864 Inner City, Inc. 01-10865 Polaroid Asia Pacific Limited 01-10866 Polaroid Latin America Corp. 01-10867 Polaroid Digital Solutions, Inc. 01-10868 Polaroid Eyewear, Inc. 01-10869 Polaroid ID Systems, Inc. 01-10870 Polaroid Malaysia Limited 01-10871 PRD Capital, Inc. 01-10872 PRD Investment, Inc. 01-10874 International Polaroid Corporation 01-10875 Mag-Media Ltd. 01-10876 PMC, Inc. 01-10877 Polaroid Asia Pacific International, Inc. 01-10878 Polaroid Dry Imaging, LLC 01-10879 Polaroid Eyewear FarEast, Inc. 01-10881 Polaroid Memorial Drive, LLC 01-10882 Sub Debt Partners Corp. 01-10883 Polaroid Online Services, Inc. 01-10884 Polaroid Partners, Inc. 01-10885 Polint, Inc. 01-10886 As President of Primary PDC, Inc. (formerly Polaroid Corporation), I affirm: 1) That I have reviewed the financial statements attached hereto, consisting of: Balance Sheet Statement of Cash Receipts and Cash Disbursements Statement of Postpetition Taxes along with the debtor questionnaire and that this information has been prepared in accordance with normal and customary accounting practices, and fairly and accurately reflect the debtors' financial activity for the period stated. 2) That the insurance as described in Section 3 of the Operating Instructions and Reporting Requirements for Chapter 11 cases are current and have been paid in the normal course of business. 3) That all post-petition taxes as described in Section 4 of the Operating Instructions and Reporting Requirements for Chapter 11 cases are current and have been paid in the normal course of business. 4) That no professional fees (attorney, accountant, etc.) have been paid without specific court authorization. (See Exhibit A for information on payments of professional fees paid in June 2003.) 5) That no payments were made by or on behalf of any of the Debtors other than Primary PDC, Inc., for the period June 2, 2003 through and including June 29, 2003. Primary PDC, Inc. (formerly Polaroid Corporation) under my direction and supervision prepared the attached monthly report. Primary PDC, Inc. (formerly Polaroid Corporation) verifies that to the best of its knowledge, the information provided herein is true and correct. I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the documents attached are true and correct to the best of my knowledge and belief. Dated: July 15, 2003 /s/ K.R. Pond ------------------------ Debtor in Possession Title: President Phone Number: (781) 386-2000 CH11_Bankruptcy Trustee Certificate_June'03 POLAROID CORPORATION DEBTOR QUESTIONNAIRE June 2003

Polaroid Corporation Statement of Operations and Taxes For the period 6/2/03 to 6/29/03 (in U.S.$'s) Debtor Name: Polaroid Corporation Case No: 01-10864 Except for those taxes triggered by the sale transaction on July 31, 2002, for for which funds were either paid or provided for in a tax escrow account, no additional taxes were incurred or paid by Primary PDC, Inc. (formerly Polaroid Corporation) or the other Debtor companies in June 2003. CONSOLIDATED POLAROID CORPORATION AND DEBTOR SUBSIDIARY COMPANIES Statement of Financial Position As of June 29, 2003 (in U.S. $'s) ASSETS ------ TOTAL CASH 9,798,078 NET RECEIVABLES - THIRD PARTY 0 NET RECEIVABLES - INTERCOMPANY - NET INVENTORIES - TOTAL PREPAID EXPENSES - TOTAL CURRENT ASSETS 9,798,079 NET FIXED ASSETS - INVESTMENT IN DEBTOR SUBSIDIARY COMPANIES (0) OTHER NONCURRENT ASSETS 462,226 TOTAL NON-CURRENT ASSETS 462,226 TOTAL ASSETS 10,260,305 LIABILITIES ----------- POST-PETITION NOTES - POST-PETITION PAYABLES - THIRD PARTY 954,395 POST-PETITION PAYABLES - INTERCOMPANY - TOTAL POST-PETITION ACCRUALS 695,478 TOTAL POST-PETITION CURRENT LIABILITIES 1,649,873 TOTAL POST-PETITION NON-CURRENT LIABILITIES - TOTAL PREPETITION LIABILITIES 860,978,847 TOTAL LIABILITIES 862,628,720 TOTAL SHAREHOLDER'S EQUITY / (DEFICIT) (852,368,415) TOTAL LIABILITIES & EQUITY / (DEFICIT) 10,260,305

Exhibit B Monthly Operating Reports Service Parties Kevin Pond William H. Sudell, Jr., Esq. Polaroid Corporation Morris Nichols, Arsht & Tunnell f/k/a Primary PDC, Inc. 1201 North Market Street 1265 Main Street Wilmington, DE 19899 Waltham, MA 02451 By Hand-Delivery By Overnight Courier Patricia Schrage, Esq. Mark Kenney, Esq. Securities & Exchange Office of the U.S. Trustee Commission 844 King Street New York Office Wilmington, DE 19899 Branch/Reorganization By Hand-Delivery 233 Broadway New York, NY 10279 Brendan Linehan Shannon, Esq. By Overnight Courier Young Conaway Stargatt & Taylor LLP The Brandywine Building, 17th Perry M. Mandarino Floor Partner 1000 West Street Traxi LLC P.O. Box 391 212 West 35th Street Wilmington, DE 19899 New York, New York 10001 By Hand-Delivery By Overnight Courier Fred Hodara, Esq. Laura Davis Jones, Esq. Philip Dublin, Esq. Rachel Lowy Werkheiser, Esq. Akin, Gump, Strauss, Hauer Pachulski Stang Ziehl Young & Feld, L.L.P. Jones & Weintraub P.C. 590 Madison Avenue 919 N. Market Street, 16th Floor New York, NY 10022 P.O. Box 8705 (19899) By Overnight Courier Wilmington, DE 19801 By Hand-Delivery Marshall Huebner, Esq. Davis, Polk & Wardwell Marc A. Beilinson, Esq. 450 Lexington Avenue Ellen M. Bender, Esq. New York, NY 10017 Pachulski Stang Ziehl Young By Overnight Courier Jones & Weintraub P.C. 10100 Santa Monica Blvd., Suite Robert Scheibe, Esq. 1100 Morgan, Lewis & Bockius LLP Los Angeles, CA 90067 101 Park Avenue By Overnight Courier New York, NY 10178 By Overnight Courier Michael E. Foreman, Esq. James D. Meade, Esq. Adam Harris, Esquire Proskauer Rose LLP O'Melveny & Myers LLP 1585 Broadway 30 Rockefeller Plaza New York, NY 10036-8299 New York, New York 10112-0002 By Overnight Courier By Overnight Courier

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