SageGroup Strategies Press Releases

08/28/03 SageGroup Strategies Announces a Working Relationship With Management Services Consultants LLC

New York, NY, and Alameda, CA - August 28, 2003 - SageGroup Strategies announces that it has entered into a working relationship with Management Services Consultants LLC, an established management consulting firm headquartered in New York City.

MSC is a nationwide full-service hands-on consulting firm that specializes in accounting support, cash flow management, turnaround management, collateral audits, asset recovery, M&A/alternative financing, chargeback prevention and recovery, and accounts receivables management & recovery. SGS is the largest Professional Troubled-Company Specialist firm in the USA and world, with over 50 offices in the USA and China, plus several pending additional offices.

As part of this working relationship, the two firms signed an initial agreement on August 13, 2003. This agreement is purposefully broad in scope, allowing not only for referring and working jointly on client situations but also that MSC and SGS will seek to identify, structure, and implement various other mutually-beneficial ways to work together. These are to include providing services to both untroubled and troubled companies when and as appropriate.

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: financing and financial experts; troubled-company experts; turnaround experts; marketing specialists; CPAs; attorneys; strategists; joint ventures, mergers, and acquisitions experts; international business experts; global sourcing specialists; technologists; corporate executives; industry specialists; and 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, and managed wind-downs and shut-downs.

Much additional information on both firms is on their websites, which are www.MSCLLC.com for MSC and www.SageGroupStrategies.com for SGS.

Initial company inquiries to MSC are directed to Barry Sorrentino and David Mandelbaum, MSC's co-founders and senior managers, at 1412 Broadway, Suite 1921, New York, NY 10018, phone number (212) 594-1047. Initial company inquiries to SGS are directed to Manny Kyriannis, a SGS Senior Director and SGS New York City Office Co-Manager, at 419 Park Avenue South, Suite 509, New York, NY 10016, phone number (212) 251-0082. Most troubled companies are in very sensitive, complex, and confidential situations. Accordingly, for maximum confidentiality and effectiveness, all initial inquiries to SGS from troubled companies can also be directed to Larry Lindsey, a SGS Managing Director and a non-local SGS NYC Office Co-Manager, at 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: http://www.SageGroupStrategies.com.

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