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April 2, 2008

Phoenix Management Opens New Office in Atlanta

ATLANTA, GA (September 20, 2006) ” National turnaround management firm Phoenix Management Services ( announced it has hired Michael D. Brooks to open a new office in Atlanta. The Atlanta office will serve the Southeast market.

“Phoenix Management is aggressively expanding into high-growth markets,” explained Brian Gleason, Managing Director and Shareholder. “Our growing national footprint, combined with our exceptional new hires, will provide the foundation for future growth for our turnaround management and investment banking services.” Phoenix has also opened a new office in Cleveland.

In his new position as Director, Brooks will manage the new Phoenix office in Atlanta. He has more than 25 years of financial, operations and management experience acting as interim CEO, CRO, COO and CFO to troubled companies, serving as restructuring advisor to management in both public and private companies, and as a liquidator in failed companies. Prior to joining Phoenix, Brooks was a sole practitioner turnaround professional. Prior to managing his own firm, he was a Partner and managed the Atlanta office of McShane Group, a turnaround management firm headquartered in Baltimore.

He holds a MS in Finance from the University of Baltimore and a BS in Management from Oral Roberts University. Brooks is a member of the Georgia Chapter of the Turnaround Management Association. He has served on the organization’s board since 2002.

About Phoenix Management Services

Phoenix Management Services is an operationally-focused advisory firm, providing turnaround, crisis and interim management and investment banking services to middle market companies in transition. Since 1985, Phoenix has aggressively advocated on behalf of its clients in over 700 assignments nationwide across a variety of situations and industries. With offices in Philadelphia, New York, Boston, Ft. Lauderdale, Cleveland, and Atlanta, Phoenix preserves and enhances the value of its clients’ companies by focusing on the operational and financial challenges they encounter.

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