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July 10, 2007

John A. Leach Joins Phoenix Management Services, Inc. as Director

PHILADELPHIA (July 10, 2007)—- Turnaround and capital advisory firm Phoenix Management Services, Inc. has hired John A. (“Jack”) Leach as a Director. Leach will work with distressed and growth-oriented middle market companies to deliver Phoenix’s unique blend of turnaround management, capital advisory, and operational due diligence services.

With over 15 years of experience in both corporate and consulting environments, Leach brings a wealth of operational and financial expertise to the Phoenix team. “Jack is a great addition to our growing firm,” said Managing Director and Shareholder Mitchell B. Arden. “His knowledge of business drivers across a number of industries plus his past executive management roles will help enhance the value of Phoenix’s middle market clientele.”

Prior to joining Phoenix, Mr. Leach served as the managing partner of Enterprise Financial Consulting Group, a boutique consulting firm headquartered in the eastern US. Other prior positions include: Managing Member of Previsio Group, whose clients included Tyco International, Teleglobe USA (sold to Bell Canada) and comScore Networks; CFO for The Global TeleExchange, Inc., and positions at CACI, Inc., a publicly traded, multinational government and commercial technology contractor.

Mr. Leach received his BBA in Finance from the Mason School of Business at the College of William & Mary in Virginia and is currently a candidate for the Chartered Financial Analyst (CFA) designation. He is a member of the Leadership Council in Delaware for the National Federation of Independent Businesses (NFIB). He is fluent in English and Spanish and has varying levels of fluency in five other languages.

Mr. Leach can be reached as follows:; (610) 358-4700.

About Phoenix Management Services

Phoenix Management Services is a recognized leader in operationally-focused turnaround, crisis and interim management and strategic advisory services to middle market companies in transition. Since 1985, Phoenix has aggressively advocated on behalf of its clients in more than 800 assignments nationwide across a variety of situations and industries. With offices in Philadelphia, New York, Boston, Ft. Lauderdale and Atlanta, Phoenix preserves and enhances the value of its clients’ companies by solving the operational and financial challenges they encounter. Visit our Website at:

About Phoenix Capital Resources

Phoenix Capital Resources specializes in providing capital advisory services to middle market companies in transition. As an operationally-focused firm, Phoenix Capital assists distressed and growth-oriented companies with complex transactions including re-financings, restructurings, capital raising, mergers and acquisitions, recapitalizations and auctions in the context of a bankruptcy. Headquartered in Philadelphia, Phoenix Capital’s mission is to maximize transactional value and return on investment for its clients.

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