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06/26/03 SageGroup Announces a Trade/Barter Division To Help Troubled
Companies Nationally and Internationally
New York, NY, and Alameda, CA - June 26, 2003 - SageGroup
Strategies, Inc., announces that it has formed a major SGS
Trade/Barter Division to help troubled companies obtain
urgently-needed trade/barter relationships and transactions.
SageGroup is the largest Professional Troubled-Company Specialist
firm nationally and internationally, with over 50 offices throughout the
United States, plus Beijing, China, plus many U.S. and international
relationships.
Trade/barter transactions can greatly benefit troubled companies in
many ways, which is especially important in the current difficult business
climate. Among other benefits, these transactions can: a) increase sales
revenues and customer base; b) reduce cash requirements in purchasing
and capital expenses; and c) provide better solutions to such problems as
excess production capacity and inventory.
"Almost all troubled companies have an urgent need for trade/barter
relationships and transactions, both to survive their troubled stage and
to subsequently grow, develop, and/or move forward well," stated
Craig Kaufman, a trade/barter expert and one of the three
Co-Managers of the SGS Trade/Barter Division. "This new Division
will greatly increase SageGroup's trade/barter capabilities for the
benefit of its troubled-company clients and their stockholders,
management, employees, banks, other creditors, and other involved
parties, as well as for the communities in which these companies are
based."
Bruce Kamm, another trade/barter strategist and SGS Trade/Barter
Division Co-Manager, added, "Trade/barter transactions offer substantial
benefits over cash-based transactions. Trade/barter-based spending
reduces cash requirements, improves cash flow, eliminates losses and
write-downs, and is often a better alternative than cash-based solutions to
improve bottom-line profitability. According to the U.S. Department of
Commerce, American trade/barter alone represents over $650 billion
in annual transactions with a large percentage of all American companies
participating in some form of trade/barter. SGS clients can be helped
through a multitude of trade/barter transactions, including: corporate
trade; retail trade exchange; international countertrade; equity trading;
alternative capital financing; asset management; media purchasing; and
real estate trading. SGS Trade/Barter Division members have many
years of trade/barter experience and include experts in all types of
trade/barter transactions."
The SGS Trade/Barter Division will be represented in every SageGroup
Office nationally. On one hand, it will be available to assist all SGS
clients with specialized professional help. Concurrently, the Division
will proactively increase and deepen SageGroup's working relationships
with many types of trade/barter and trade/barter-related entities.
SageGroup provides troubled companies with its powerful large group of
professionals, who are experts at helping troubled companies get out
of trouble and move forward. SageGroup's staff includes over 600
highly-qualified specialists, such as: trade/barter experts; financing
and financial experts; troubled-company experts; turnaround experts;
marketing specialists; CPAs; international business experts; attorneys;
strategists; joint ventures, mergers, and acquisitions experts;
technologists; corporate executives; industry specialists; and others.
SageGroup's staff has been involved in hundreds of difficult company
situations, including: trade/barter transactions; financings and
refinancings; turnarounds; crisis management; debtor programs;
spin-outs; restructurings and reorganizations; managed
wind-downs and shut-downs; and others.
Most troubled companies are in very sensitive, complex, and
confidential situations. Accordingly, for maximum confidentiality and
effectiveness, all initial inquiries from troubled companies and their
advisors are directed to Larry Lindsey, a Managing Director in
SGS's National Coordination Office, phone number (510) 865-2480.
ABOUT SAGEGROUP STRATEGIES
SageGroup Strategies is the largest Professional Troubled-Company
Specialist firm in the United States and the world. Besides being very
experienced and knowledgeable, SageGroup emphasizes being very discreet,
working with absolute confidentiality and behind the scenes whenever
necessary. As part of its strict confidentiality policies, SageGroup has
never disclosed or publicized the names of its clients. More information
about SageGroup Strategies is available at its www.SageGroupStrategies.com website.
MEDIA CONTACT:
David Lawrence
National Coordination Office
SageGroup Strategies, Inc.
1370 Third Street, Suite 110
Alameda, CA 94501
(510) 865-2480 Phone
(510) 865-6654 Fax
SGS@SageGroupStrategies.com
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