[Techtaffy Newsdesk]

Eastman Kodak Company is  ready to begin discussions on a plan of reorganization with certain key creditor groups.

Antonio M. Perez (Chairman and CEO, Kodak ): As we move forward to emergence and explore an array of financing options, we believe there is confidence and interest among the financial community in our Commercial Imaging business and its future business plans.

The company says its making significant progress with its restructuring initiatives.