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January 25, 2011

Phoenix Adds Managing Director in Dallas Office

Koskiewicz Brings Wealth of Experience

FOR IMMEDIATE RELEASE

CONTACT:
James Fleet
617-217-2889
jfleet@phoenixmanagement.com

PHILADELPHIA (January 25, 2011) —- John Koskiewicz, a long time restructuring industry veteran, has joined the firm as a Managing Director in the Dallas office.

Mr. Koskiewicz joins Phoenix with a wealth of experience in a variety of industries, roles and engagements. During the past twelve years John has served in many roles including interim management, bankruptcy advisor and financial advisor to both debtor and creditor constituents. Prior to beginning his restructuring advisory career, John served in various financial and cash management roles in private industry. He is a recognized professional in the Dallas turnaround community including both the TMA and ACG organizations.

“As we continue to grow Phoenix both in terms of service offerings and our footprint, we believe Dallas and John specifically, will play a vital role in our aggressive growth plans,” said Phoenix Managing Director and Shareholder Jim Fleet. “While John has spent the last several years working through some of the largest and complex auto industry insolvency cases, he has always maintained a focus and desire to work within the middle market sector with an ability to provide impactful hands-on leadership,” Fleet further added.

John graduated from University of Texas at Austin with an MBA and from Indiana University with a Bachelor of Science. He has written articles on the automotive industry and contributed to panels at both the TMA and the AIRA regarding various industry and bankruptcy issues.

About Phoenix

For over 25 years, Phoenix has provided smarter, operationally focused solutions for middle market companies in transition. Phoenix Management Services provides turnaround, crisis and interim management, specialized advisory and operational due diligence services for both distressed and growth oriented companies. Phoenix Capital Resources provides seamless investment banking solutions including: M&A advisory, complex restructurings and capital placements.

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