SageGroup Strategies Forms Liaison Group to Interface With Business Brokers Regarding Troubled Companies

Los Angeles, CA; New York City, NY; and Alameda, CA -- March 30, 2005. SageGroup Strategies announces that it has formed a major Liaison Group to interface with business brokers regarding troubled companies.

The business broker profession is very large and important throughout the U.S.A. Business brokers often encounter troubled companies which are not currently attractive for business brokers to try to sell.

Stu Curtis, a SGS Business Brokers Liaison Group member and a Florida-based practicing business broker, stated, "It is sad and frustrating for business brokers when they encounter the many troubled companies that have financial, legal, managerial, and/or other serious problems. On one hand, business brokers wish to list companies and then introduce them to potential buyers. However, on the other hand, it is very difficult to find a legitimate qualified buyer for a company that is in trouble. It is very fortunate that the business brokers can refer them to SageGroup Strategies so that SGS can help these companies get out of trouble and become more attractive and valuable, with the business brokers then to work to sell these companies."

"And, SageGroup has now formed a SGS Business Brokers Liaison Group to strengthen communication and working relationships between SGS and these business brokers", added Jesus Arce, another SGS Business Brokers Liaison Group member and a California-based practicing business broker. "This is an excellent development that benefits many entities, including the business brokers as well as the troubled companies and their owners, managers, employees, creditors, and others."

Alvin McKinley, a third SGS Business Brokers Liaison Group member, remarked, "In my Midwest activities, I've noticed that there are large numbers of business brokers and troubled companies. This is true throughout my main geographical area of Wisconsin, Illinois, Indiana, Michigan, Ohio, and Kentucky. SageGroup will help this situation in various ways through the Liaison Group."

"SageGroup has worked often with business brokers during the past 12 years as SageGroup and for another 20 years as a predecessor firm," continued Larry Lindsey, a SGS Business Brokers Liaison Group Co-Manager. "There are several basic scenarios that are mutually-beneficial, including: a) A business broker encounters a troubled company and refers it to SGS; after SGS gets the troubled company out of trouble, the business broker then lists the company for sale; or b) A business broker has already listed a troubled company, then refers the company to SGS; SGS works to get the company out of trouble, while the business broker concurrently continues with its listing; or c) SGS first encounters a troubled company, gets it out of trouble, then refers it to the business broker."

SageGroup specializes in providing professional troubled-company services to troubled companies. In doing so, SageGroup works closely with other professional entities that provide complementary services, such as business brokers, law firms, CPA firms, various financing entities, insurance agencies, collection agencies, and many others.

SageGroup is the largest Professional Troubled-Company Specialist firm in the U.S.A. and the world, with over sixty offices in the U.S.A., Canada, Asia, and Europe, and with several more pending offices. The Firm specializes in helping troubled companies and other complex situations. Its main objectives include to: a) resolve their serious problems; b) reorganize and restructure them in an optimal manner; c) obtain sufficient financing; and/or d) grow and develop the ongoing companies in a positive appropriate manner.

SageGroup offers a powerful large group of professionals who are experts at helping companies get out of trouble and move forward. SageGroup's staff includes over 600 highly-qualified specialists, including: financing and financial experts; turnaround experts; troubled-company specialists; marketing specialists; international business experts; attorneys; strategists; CPAs; corporate development specialists; acquisition and strategic alliance experts; corporate executives; operations experts; global sourcing specialists; industry specialists; technologists; and many others.

SageGroup's staff has been involved in hundreds of difficult company situations, including: refinancings; turnarounds; crisis management; debtor programs; spin-outs; restructurings and reorganizations; managed wind-downs and shut-downs; and transitions into being larger, stronger, better-financed, and stronger-management-team-run ongoing companies.

The SGS Business Brokers Liaison Group has at least one representative in each SGS Office in the United States. For maximum confidentiality, initial inquiries from business brokers and troubled companies can be directed to Larry Lindsey, a SGS Managing Director and one of the Liaison Group Co-Managers, at SGS's International Coordination Office, phone number (510) 865-2480.