Dippin’ Dots files for bankruptcy

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The ice cream of the future may not get there – at least not without some restructuring.

Dippin’ Dots Inc., which makes ice cream in masses of little beads that’s sold in malls, theme parks and other venues, has filed for Chapter 11 bankruptcy protection. The company, based in Kentucky, has a debt of about $11 million owed to Regions Bank.

The bank sued earlier this year, according to an Associated Press report, saying the ice cream manufacturer had defaulted on its debt.

Company spokesman Steve Heisner said that Dippin’ Dots plans to stay in business while going through bankruptcy proceedings.

Dippin’ Dots, which calls itself the “ice cream of the future” in advertising, was invented by microbiologist Curt Jones in 1988. Heisner said the product is sold in 142 standalone stores across the country, plus booths in recreation areas and in vending machines.

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-- Rosanna Xia