12/20/02 SageGroup Announces a New International Division To Help Troubled Travel Industry Companies

Alameda, CA - December 20, 2002 - SageGroup Strategies, Inc., announces that it has formed an international SGS Travel Industry Division to help troubled travel industry companies. SageGroup is the largest Professional Troubled-Company Specialist firm nationally and internationally, with over 30 offices throughout the United States.

"United Airlines' recent bankruptcy filing is only one example of the tragically very large number of troubled airlines and other travel industry companies in the United States today," stated Ray List, a SGS Managing Director and a Co-Manager of the SGS Travel Industry Division. "This is a national crisis, one that creates major continuing effects and threats to the national economy, level of unemployment, stock markets and other financial markets, travel and transportation capabilities, and other important areas."

With excellent foresight, Windows to Wall Street, the nationally-syndicated radio business show, on December 13 had Mr. List discuss this topic for its national investment audience. Charlotte Given, host of this show, later remarked, "We were pleased to be able to present such an important topic to our listeners, including the many investors or potential investors in the micro cap, small cap, and larger publicly-held companies in the huge travel industry. We realize that the recent United Airlines bankruptcy has added much to the concerns and fears of many companies and their investors. As an experienced troubled-company specialist and a senior SageGroup person, Ray List was able to give much valuable information and insights to our listeners."

Larry Lindsey, another SGS Managing Director and SGS Travel Industry Division Co-Manager, added, "SageGroup has major capabilities, experience, resources, and knowledge on how to help troubled travel industry companies to get out of trouble, and we want to help as many of these companies as we can. During the past ten years many troubled travel industry companies have turned to us for help. We have helped them much, and the new SGS Travel Industry Division will facilitate our helping many more troubled travel industry companies."

SageGroup provides troubled travel industry 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 500 highly-qualified specialists, such as:

Most troubled companies are in very sensitive, complex, and confidential situations. Accordingly, for maximum confidentiality and effectiveness, all initial inquiries from troubled travel industry companies are directed to Larry Lindsey 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