to be co-located with Hot 'n Now; two such locations opened in January 2002. In October 2003, Proquest Capital Corporation acquired Hot 'n Now assets and some liabilities from Hot 'n Now, LLC. Proquest was soon renamed to Hot Brands, Inc. At the time of acquisition, the chain had 44 locations (23 corporate and 21 franchisee owned), in three states: Michigan, Wisconsin, and Indiana. In 2004, the company filed for Chapter 11 bankruptcy and was then sold to STEN Corporation, which also owns the Burger Time chain. Burger Time was sold to BTND, LLC, which owns the Hot 'n Now name. One of the last two locations, which was in Bay City, Michigan suffered a fire on September 5, 2016. Only the Sturgis, Michigan, location now remains, though Hot 'n Now's popular Olive Burger and cheesy tots are still on the menu at the Bay City location, now known as Burger 81. The chain briefly used the characters from Mad magazine's "Spy vs. Spy" in its advertising. See also List of hamburger restaurants References Fast-food hamburger restaurants Regional restaurant chains in the United States Restaurants established in 1984 Fast-food chains of the United States Former PepsiCo subsidiaries Taco Bell Companies that filed for Chapter 11 bankruptcy in 2004 1984 establishments in Michigan 1990 mergers and acquisitions 1996 mergers and acquisitions 2003 mergers and acquisitions 2004 mergers and acquisitions