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November 16, 2011

Phoenix Named Outstanding Turnaround Firm for 2011

CONTACT: Jim Fleet

PHILADELPHIA (November 17, 2011) —- Leading middle market turnaround management firm, Phoenix Management Services, has been recognized as one of the top performing firms in the restructuring and interim management field for 2011 by Turnaround & Workouts, a restructuring industry publication produced by the Beard Group.

Phoenix is currently involved in over 50 engagements and will have assisted nearly 80 companies in all during 2011. Each client required an operational, financial, capital or a combination of solutions in industries ranging from automotive to healthcare, consumer products to pile driving construction, software technology to real estate development. Situations encountered ranged from public to private family-owned and private equity-owned and required individual and detailed solutions. Something Phoenix has been providing for over 25 years throughout the United States and Europe.

“We are extremely honored and proud to receive this prestigious award,” said Jim Fleet, Phoenix Senior Managing Director and Shareholder. “Our operational focus, years of leadership experience and proven results allow us to continue to be leaders in the middle market.”

Phoenix’s notable engagements for 2011 include Orleans Homebuilders, a leading Meat Processing Company, Hamilton Steel, Encompass Affiliates, Ellery Homestyles, Gas Turbine Efficiency, Lane Enterprises and American Casein Company.

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. Proven. Results.®

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