SageGroup Strategies Forms Technology Companies Division to Help Troubled Technology Companies Nationally and Internationally

Silicon Valley, CA; New York City, NY; and Los Angeles, CA -- April 14, 2005. SageGroup Strategies announces that it has formed a major Technology Companies Division to serve troubled technology companies nationally and internationally.

Technology is a pervasive and compelling part of developed countries and will be an important characteristic of emerging countries as well. Effective and successful companies utilize technology for competitive advantage. There are thousands of companies competing to serve as technology-based solutions providers. Many of these enterprises have trouble in attaining and sustaining success.

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.

Dr. Ken Ferguson, a SGS Technology Companies Division Co-Manager with strong technology-related business experience and a nuclear engineering doctorate degree, stated, "Technical strength is almost an assumed attribute of the large majority of technology-provider companies. What distinguishes sustained success from persistent trouble includes a variety of other attentions such as economics, speed in response, technology project selection, appreciation of user needs, as well as client success in utilization of technology-based tools, for example. SageGroup welcomes the opportunity to help troubled technology companies."

Dr. Ralph Patterson, another SGS Technology Companies Division Co-Manager and a former Silicon Valley technology company CEO with many years of technology-related business experience, preceded by a doctorate degree and two other degrees in electrical engineering, added, "Technology companies often find they are under-capitalized to meet the market demand for a new product, or conversely that their new product drastically underperforms their expectations. New companies may have a business plan that does not attract funding. Any of these situations can be remedied by SageGroup Strategies. Whether the need is for strategic direction-setting, public relations, a new or better business plan, joint venture partners, or strengthening the management team, SageGroup's over 600 professionals have the business and technology skills and a proactive attitude and are ready and able to help."

David Boymel, another SGS Technology Companies Division senior member and a former senior executive in technology companies, with extensive experience in turning around and revitalizing floundering global technology businesses and launching entrepreneurial operations, with doctoral studies and two degrees in electrical engineering, commented, "The approach and solutions to resolve the challenges that are afflicting technology companies are unique and require a thorough understanding of the technology market opportunities and threats, business models, customer behaviors, complex technologies and manufacturing processes, short lifecycles, and the key players and their strengths and weaknesses. This SGS Division's members possess an exceptional breadth and depth of experience of hundreds of years tackling issues of technology companies."

Dr. Joe Campana, another SGS Technology Companies Division senior member with over 30 years of business / technology experience, including several years as a Fortune 500 business unit president, with a doctorate degree in chemistry, continued, "Technology companies large and small can benefit by taking advantage of non-technology developments and trends that lower operating expenses, improve productivity, and better manage risks. When I served with Fortune 500 companies, I had ready access to legal, regulatory compliance, and risk management departments as well as a cadre of attorneys and consultants on retainer to help me grow the business unit and minimize risks. Most small privately-held companies do not have affordable or convenient access to such necessary services and expertise. As an expert in the legal services industry, I suggest that small technology companies gain such affordable access to legal and other business services through a select prepaid legal services plan. They gain the power to make informed legal, regulatory, human resource, and other important business decisions, thus decreasing risks which can make a company very troubled and perhaps put it out of business. SageGroup Strategies, with its wealth of business experience and very strong persons, is very capable and focused on helping companies become stronger, more competitive, and risk adverse in all functional areas by bringing fresh ideas and experience to the situation."

Also, Jerry Vickers, a SGS Technology Companies Division senior member and a financing specialist with much experience in financing technology companies, explained, "The financing of technology companies is complex because there are several important aspects, including the technology, the technology/business management team, the technology-enhanced products, and the marketing thereof. SageGroup is able to quickly bring a strong set of technological and business capabilities and persons to any client company to help it move forward well, while concurrently a SageGroup troubled-company specialist helps to resolve the serious troubled-company problems."

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 Technology Companies Division has at least one representative in each SGS Office in the USA and Canada. For maximum confidentiality, initial inquiries from troubled technology companies and their advisors can be directed to Larry Lindsey, a SGS Managing Director and another of the three SGS Technology Companies Division Co-Managers, at SGS's International Coordination Office, phone number (510)865-2480.