CEO offers to buy bankrupt Vegas company

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Monday, Oct. 20, 2003 | 11:17 a.m.

The chief executive of Jitters Gourmet Coffee Inc. of Las Vegas has offered to by the bankrupt company for $57,500 -- a fraction of the estimated $1.5 million owed to creditors.

In Business Las Vegas, a sister newspaper to the Las Vegas Sun, reported Jitters filed for bankruptcy protection in January, but has struggled to make a profit since and has not filed a reorganization plan.

Han Moeljadi, chief executive of Jitters, formed HBE Management Investment, Inc. with several investors and has offered to buy the company's assets and three of its four leases for $57,500, court records show.