Distressed Investing Conference

January 17-19, 2007 m Las Vegas, Nevada

Distressed Investing Conference

January 17-19, 2007 m Las Vegas, Nevada

� m 2007 Distressed Investing Conference

It is our pleasure to invite you to attend the 2007 Distressed Investing Conference, an inaugural event co-produced by the Turnaround Management Associa-

tion and The Deal. This unique partnership between TMA and The Deal recognizes the vital link between corporate restructuring professionals and corporate and financial dealmakers. By combining the strengths of both organiza-tions, we’ve produced an unrivalled conference where the key players in the distressed investing arena can meet, exchange ideas and embark on profitable relationships.

With leverage multiples approaching record levels, an expected wave of restructurings is on the horizon. New providers of capital such as hedge funds, CLO’s and second lien lenders have changed the landscape of corporate lend-ing and the rules of engagement are changing dramatically. This timely conference will explore these issues and trends by presenting leading experts who will share their insights on the distressed investing market, the trading of distressed debt, the influx of private equity and hedge funds, CLO’s and the international distressed market. The panel topics have been tailored to address the most pressing concerns among the turnaround and restructuring industry, includ-ing a special panel focused on the automotive industry challenges. Please be sure to review pages 4-5 of this bro-chure for complete details about the educational program.

We encourage you to take advantage of the many oppor-tunities to network throughout the conference at meals, receptions and coffee breaks. And, don’t forget to take time to enjoy the phenomenal Wynn property and all that it of-fers in dining, entertainment and leisure activities.

Please make plans to join your colleagues at the inaugural Distressed Investing Conference. You may register today by using the form on page 11 or online at www.turnaround.org. We look forward to seeing you in Las Vegas.

Join your colleagues

About TMATurnaround Management Association (TMA) is the premier professional com-munity dedicated to corporate renewal and turnaround management. With international headquarters in Chicago, more than 7,500 TMA members in 40 regional chapters comprise a professional community of turnaround practitioners, attorneys, accountants, investors, lenders, venture capitalists, appraisers, liquidators, executive recruiters and consultants, as well as academic, government and judi-cial employees. TMA members adhere to a code of ethics specifying high stan-dards of professionalism, integrity and competence. The Certified Turnaround Professional (CTP) accreditation program recognizes professional excellence and provides an objective measure of exper-tise related to workouts, restructurings and corporate renewal.

About The DealThe Deal, LLC, is a diversified media company reporting on the deal economy. It strives to report, analyze and dis-seminate business and financial news that offers fresh insights on the deal economy, a set of interrelated activi-ties focused on dealmaking of all kinds, whose purpose is to generate corporate growth in a continually changing global market. Its publications serve the global deal community—corporate and financial dealmakers, advisers and institutional investors—with a comprehensive line of print and electronic products and services for both readers and advertisers.

Colin P. CrossManaging Director, Crystal Capital LLCPresident, Turnaround Management Association

Kevin WorthPresident & CEO, The Deal

Photos courtesy of Las Vegas News Bureau/LVCVA.

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Wednesday, January 171:00 p.m. - 6:00 p.m. TMA Chapter President’s orientation meeting

Thursday, January 188:00 a.m. - 11:00 a.m. TMA Executive Committee/Board of Directors

meeting10:00 a.m. - 7:30 p.m. Registration desk open12:00 p.m. - 6:00 p.m. Table top displays open 12:15 p.m. - 1:00 p.m. Buffet lunch 1:00 p.m. - 2:00 p.m. Keynote presentation by The Honorable James A. Baker III, former U.S.

Secretary of State Lunch and keynote presentation sponsored by

Andrews Kurth LLP 1:00 p.m. - 6:00 p.m. TMA Chapter Administrators’ orientation

meeting2:00 p.m. - 3:00 p.m. “ Horses of Different Colors or Different

Animals? A Las Vegas Bout: Private Equity v. Hedge Funds”

3:00 p.m. - 3:45 p.m. “Distressed Trading”3:45 p.m. - 4:15 p.m. Coffee break Sponsored by Loeb & Loeb LLP4:15 p.m. - 5:15 p.m. “Automotive Industry”5:15 p.m. - 6:00 p.m. “Distressed Investing Across the Sea”6:00 p.m. - 7:30 p.m. Cocktail reception Sponsored by The Hilco Organization

Friday, January 197:30 a.m. - 1:00 p.m. Registration desk open8:00 a.m. - 8:45 a.m. Breakfast 9:00 a.m. - 9:45 a.m. Keynote Roundtable Discussion: “State of the

Market” Breakfast and keynote discussion sponsored by

Mesirow Financial Consulting, LLC9:00 a.m. - 12:00 p.m. Table top displays open9:45 a.m.- 10:30 a.m. “Alternative Equity Plays in Distressed”10:30 a.m. - 11:00 a.m. Coffee break Sponsored by Loeb & Loeb LLP11:00 a.m. - 12:00 p.m. “ Collateralized Loan Obligations (CLOs) and

Their Impact on Distressed Companies”12:00 p.m. - 1:00 p.m. Lunch Sponsored by Huron Consulting Group

Please note that private company events may not conflict with any scheduled activity of the TMA/The Deal 2007 Distressed Investing Conference.

Who Should AttendThe 2007 Distressed Investing Conference is a must for all profes-sionals interested in distressed investing, including:

• Hedge fund managers• Private equity groups• CLO managers• Distressed debt purchasers• Investment bankers• Bank loan sale professionals• Senior lenders• Workout lenders• Second lien lenders• Restructuring professionals• Attorneys• High yield investors

Agenda

Continuing Education Credit• CPAs*—maximum of 6.0 hours of CPE • CTPs—maximum of 6.3 hours of CPE• Attorneys—maximum of 6.3 hours (based

on a 50-minute hour) of CLE, depending on how individual states calculate CLE and pending the outcome of the applications to the state bars. Please visit the TMA web-site, www.turnaround.org, for updates.

*The Turnaround Management Association is registered with the National Association of State Boards of Accountancy as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to The National Registry of CPE Sponsors, 150 Fourth Avenue North, Ste. 700, Nashville, TN 37219-2417 or by visiting the website: www.nasba.org. There is no prerequisite or advance study necessary to attend the 2007 Distressed Investing Conference or to qualify for continuing education credit.

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Educational ProgramThursday, January 18, 1:00 p.m. – 2:00 p.m.The Honorable James A. Baker III, Former U.S. Secretary of StateJames A. Baker, III, has served in senior government positions under three United States Presidents. He served as the nation’s 61st Secretary of State from January 1989 through August 1992 under President George Bush. Baker served as the 67th Secretary of the Treasury from 1985 to 1988 under President Ronald Reagan. As Treasury Secretary, Baker was also chairman of the President’s Economic Policy Council. From 1981 to 1985, Baker served as White House Chief of Staff to President Reagan. Baker received the Presidential Medal of Freedom in 1991 and has been the recipient of many other awards for distinguished public service. His memoir—Work Hard, Study…and Keep Out of Politics! Adventures and Lessons from an Unexpected Public Life—was published in October 2006. Baker is presently a senior partner in

the law firm of Baker Botts. In 2003, Baker was appointed Special Presidential Envoy for President George W. Bush on the issue of Iraqi debt. Since March 2006, Baker and former U.S. Congressman Lee H. Hamilton have served as the co-chairs of the Iraq Study Group, a bi-partisan blue-ribbon panel examining a forward-looking approach to Iraq.

Friday, January 19, 9:00 a.m. – 9:45 a.m. Keynote Roundtable Discussion: “State of the Market”Moderator: James H.M. Sprayregen, Goldman Sachs & Co.Panel: Scott J. Davido, Calpine Corporation; Sam DeRosa Farag, Ore Hill Partners, LLC; Nick Tell, TCW; Daniel Yarsky, Morgan StanleyThis roundtable discussion features several leading players in the distressed investing and corporate restructuring landscape, each with their own unique perspectives on the market. Moderated by Jamie Sprayregen of Goldman Sachs, this panel of experts will focus on the issues, challenges and opportunities for distressed investors in today’s highly leveraged debt capital markets. Additionally, the panel will review the current state of the market and provide insight regarding the twists and turns that we may be seeing when the market shifts and default levels begin to increase for bank and bond debt.

Thursday, January 18, 2:00 p.m. – 3:00 p.m.“Horses of Different Colors or Different Animals? A Las Vegas Bout: Private Equity v. Hedge Funds”Moderator: Frank R. Mack, CTP, Conway, MacKenzie & Dunleavy Inc. Panel: Dominick DeChiara, Nixon Peabody LLP; Bhavin Shah, Oak Hill Advisors/Oak Hill Special Opportunities Fund; Raymond A. Whiteman, The Carlyle GroupThe level of capital invested in both private equity firms and hedge funds has reached record-breaking levels, with new deals and fund closings appearing on the cover of The Wall Street Journal daily. To date in 2006, there were nearly 2,200 global private equity buyouts valued at $540 billion. And, hedge funds are in play on the action. There are more than 3,000 funds that manage a collective total of over $1 trillion in investments. This panel, a rare public experi-ence featuring opinions from both investment groups at once, will discuss and debate how private equity firms and hedge funds differ in terms of investment and exit strategies, risk tolerance levels, and liquidity issues, and where the two industries result in culture clashes. Join top players from both financial worlds for a frank discussion on how private equity and hedge funds cooperate, and battle for, control of the world’s most lucrative distressed, overlev-eraged and/or underperforming investments.

General Sessions

Keynote Sessions

Thursday, January 18, 3:00 p.m. – 3:45 p.m.“Distressed Trading”Moderator: Matthew R. Niemann, CTP, Cerberus Capital Chicago LLCPanel: Thomas R. Califano, DLA Piper; Jeffrey P. Fitts, GE Commercial FinanceAfter achieving phenomenal returns in 2002 and 2003, traders of distressed debt have suffered through a couple of very slow years. There just hasn’t been very much product in the market and the prices of what is available have been bid up to prices that hardly sound distressed. However, based on the currently overheated leverage loan market, an expected increase in defaults is on the horizon and the distressed bank loan market may be poised for significant growth. Who are the players in this market? When will the market turn and where will the opportunities be for distressed traders? How will they source opportunities once defaults begin to increase? How will they tap into CLO’s to find their opportuni-ties? This panel of experts in distressed investing and restructuring will provide an overview of the distressed trading market and a forecast of the near-term opportunities in this market.

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Thursday, January 18, 4:15 p.m. – 5:15 p.m.“Automotive Industry”Moderator: Penny G. Friedman, CIT Business CapitalPanel: Kathleen Ligocki, Tower Automotive; Durc A. Savini, Miller Buckfire & Co. LLC; A. Jeffrey Zappone, CTP, Conway, MacKenzie & Dunleavy Inc.The automotive industry is clearly the leading industry that is currently in a distressed state with bankruptcies of major Tier One suppliers, such as Delphi, Collins & Aikman, Tower Automo-tive and the recently filed Dura Automotive. Experts forecast a continued restructuring of the entire North American automotive industry over the next few years. Who will be the winners and los-ers as the industry consolidates? What qualities does an automo-tive supplier need in order to maintain viability and grow? How should investors approach this market? What role will OEMs and unions play in the restructuring? This esteemed panel of experts will examine the opportunities and pitfalls awaiting any investor in the automotive sector by looking at the financial, operating and strategic factors that are key drivers of value for automotive suppliers.

General Sessions (continued)

Friday, January 19, 9:45 a.m. – 10:30 a.m.“Alternative Equity Plays in Distressed”Moderator: Frank A. Merola, Stutman, Treister & Glatt PCPanel: Lawrence Gottlieb, Cooley Godward Kronish LLP; Steven R. Strom, Jefferies & Company, Inc.; Thom-as A. Vanderslice Jr., Marathon Asset Management LLC; Edward S. Weisfelner, Brown Rudnick Berlack Israels LLPNot every investor is buying distressed debt just to get repaid. It is increasingly common for opportunistic investors to use the distressed situation of the target to take control or to wrest away desired assets. This panel will look at the players and strategies employed to acquire companies through nontraditional approach-es such as acquiring senior and junior debt positions, providing strategic DIP loans, 363 sales and driving development of a plan of reorganization.

Friday, January 19, 11:00 a.m. – 12:00 p.m.“Collateralized Loan Obligations (CLOs) and Their Im-pact on Distressed Companies”Moderator: Colin P. Cross, Crystal Capital LLCPanel: William Brown, Sandelman Partners, LP; William L. May, Moody’s Investors Service; J. Blake O’Dowd, Lazard Freres & Co. LLC; Lynn Tilton, Patriarch Partners, LLCCLO’s have become the new senior lenders to many compa-nies tapping into the syndicated loan market for capital. Capital under management of CLO’s continues to grow at a record pace, providing a ready source of liquidity to the debt capital markets. Borrowers don’t always know or recognize some of the holders of these loans until their loan closes. And, with the recent expansion of purchase price and leverage multiples, an increasing number of these loans may be pushed into default and require a restructuring. How will CLO’s respond to an expected increase in loan defaults? What are the key factors impacting decisions by CLO managers in responding to declining credit metrics? This panel will examine the history and growth of CLO’s, their increasing influence in the senior leveraged loan market, along with an examination of the possible reaction from this investment group in the event of a significant increase in default rates.

Thursday, January 18, 5:15 p.m. – 6:00 p.m.“Distressed Investing Across the Sea”Moderator: N. Lynn Hiestand, Skadden, Arps, Slate, Meagher & Flom (UK) LLPPanel: Michael Brennan, Citigroup (invited); Lachlan Edwards, Goldman Sachs; Jason Singer, The Wall Street JournalNew entrants and abundant liquidity have brought a U.S.-style approach to distressed investing in Europe as investors have ar-rived in numbers searching for greater opportunities on the other side of the Atlantic. The pace of change in European distressed investing promises to explode over the forthcoming 18 months as the very high number of recent acquisition-related debt issues, coupled with rising energy and material costs and the possibility of rising interest rates, seems to signal significant defaults ahead. The distressed investing market in Europe is now a competitive and booming market. Whether you are a distressed investor, re-structuring or turnaround professional or legal advisor, this panel will present the key issues in how to stay one step ahead of your competitors in this specialized market, including a discussion of the Asian markets.

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General InformationRegistration FeesUnless otherwise indicated, registration fees include educational sessions, meals and social functions. Events are not prorated. To attend any portion of the conference, you must register for the entire conference at the appropriate registration fee as indi-cated on the registration form on page 11. The registration fee allows admission for one individual only. Registrations may not be shared. Each registered attendee will receive a name badge at the conference that must be worn for admittance into all educa-tional sessions, meals and social functions.

Registration Categories• The member registration fee is for current, active TMA mem-

bers only. Please note that TMA membership is on an individual basis. Unless otherwise appropriate as defined below, all other attendees will be charged the nonmember fee. If an individual registers for the member fee, but TMA has no membership record, the individual will be charged the nonmember fee unless s/he can produce proof of membership.

• The judge/full-time academic/government employee rate defines a full-time academic as a student enrolled in at least 12 credit hours per term at an accredited university or an instructor employed on a full-time basis by an accredited university. If you qualify for this rate, please submit appropriate documentation with your registration form.

• On-site registration will be subject to an additional $50 fee, which also applies to any registration received after January 9, 2007, the last day to pre-register, per the section below. Registra-tion fees are indicated on page 11 of this brochure.

Submitting Your RegistrationRegistration forms must be mailed or faxed to TMA per the contact information on the registration form on page 11. You may also register on-line at www.turnaround.org. Phone registration is not accepted. Registrations are not considered complete until payment is received. Registered attendees will receive written (hard copy or electronic) confirmation of their registration by mail. Please carefully review this confirmation notice for accuracy. Changes must be submitted in writing by fax to 1-312-578-8336 or e-mail to Catherine Cram at ccram@turnaround.org. Because of the required processing and mailing time, please note that TMA cannot guarantee that you will receive a mailed confirmation notice prior to the start of the conference if your registration form is received after January 5, 2007. A confirmation notice is not required for admittance to the conference.Only on-site registration will be accepted after Tuesday, January 9, 2007. TMA will not accept any registration forms in advance of the conference after this date. Please note that there is a $50 on-site registration surcharge. Please consider submitting your registration prior to January 9, 2007.

Registration ListTo ensure your inclusion on the registration list that is distributed on-site, your registration form, with payment, must be received at TMA’s International Headquarters by 5:00 p.m. CST on Friday, January 5, 2007. TMA cannot guarantee that individuals who submit registration forms after this date will be included on the registration list.

Registration QuestionsRegistration questions may be directed to Catherine Cram at 1-312-242-6036 or ccram@turnaround.org.

Cancellation and Substitution PoliciesCancellation PolicyNotification of cancellation must be submitted in writing (e-mail is acceptable). Cancellations will not be reviewed or processed until they are received in writing. Phone cancellation is not accepted. Cancellations received on or before Wednesday, January 3, 2007, will be refunded the total registration fee less a $150 processing fee. Cancellations received after Wednesday, January 3, 2007, will not be refunded. Please note that if you register for the conference after the cancel-lation deadline has passed, you will not be eligible for any type of refund should you need to cancel your registration. The cancella-tion policy applies to all registrants regardless of when the regis-tration form is submitted. TMA does not issue credits for future conferences. Please note that refunds will not be issued until after February 16, 2007. There will be no exceptions to this policy.

Substitution PolicySubstitutions are permitted at any time. Substitutions must be submitted in writing (e-mail is acceptable). Substitutions will not be reviewed or processed until they are received in writing. Phone substitution is not accepted. The substitute must be from the same firm as the original registrant, and the substitution notice should contain accurate contact information for the new regis-trant; otherwise, TMA cannot guarantee an accurate listing on the registration list. However, please note that substitutions made after Friday, January 5, 2007, may not be reflected on the reg-istration list per the policy on this page. Substitutions must be of the same membership status (i.e., member) and/or registration category (i.e., academic); otherwise, the substitute will be invoiced for the difference in registration fees. Registrants who fail to attend the conference and do not notify TMA in accordance with these policies and deadlines are responsible for full payment.

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Cornerstone 15 Program DonorsAbacus Advisors Group LLCAccuVal Associates, Inc.American Management Advisors Inc.Amfinity Capital, LLCAnderson Bauman Tourtellot VosARG Recovery, LLC Atlas Partners, LLC Back Bay Capital Funding LLC Bank of America Business Capital Bank of America Retail Finance GroupBBKBond, Schoeneck & King, PLLCBuccino & Associates, Inc.Cadwalader, Wickersham & Taft LLPCairncross & Hempelmann, P.S.CapitalSourceContinental Advisory Services, LLCConway MacKenzie & DunleavyCooley Godward Kronish LLPThe Daley-Hodkin Group Deloitte Financial Advisory Services LLPDLA PiperExecutive Sounding Board Associates Inc.Fennemore Craig, P.C.First American Corp. UCC DivisionFocus Management GroupFTI Consulting, Inc.Gardner Carton & Douglas LLPGetzler Henrich & Associates LLCGlass & Associates, Inc.Gordon Brothers Group, LLCHuron Consulting GroupJager Smith P.C.KPS Special Situations FundsKugman Associates

Lake Pointe Partners, LLCThe Meridian GroupMesirow Financial Consulting, LLCMidwest Business CapitalMorris - Anderson & Associates, Ltd.NachmanHaysBrownstein, Inc.Northern Healthcare Capital, LLCPenn Hudson Financial Group LLCPhelps Consulting GroupPrime Locations LLCQuarles & Brady LLPQuest Turnaround Advisors, LLCRAS Management Advisors, Inc.Ravin Greenberg PCRepublic Financial CorporationRetail Consulting ServicesRiemer & Braunstein LLPRJ Reuter LLC Business ConsultingRochelle, Hutcheson & McCullough, LLPRuskin Moscou Faltischek, P.C.San Filippo & Associates, LLCSB Capital Group, LLCThe Scotland Group, Inc. Sullivan & Worcester LLPTreadstone Partners, LLCTrimingham Inc.Wachovia Capital FinanceWhite Oak GroupWiss & Company, LLPXRoads Solutions Group

HotelTo reserve a room at the Wynn Las Vegas, call 1-866-770-7555. Mention Turnaround Manage-ment Association to receive the specially negoti-ated room rate of $259/night. This rate is only guaranteed through Friday, December 22, 2006. TMA cannot guarantee that the room block or hotel will not sell out before then. Please make your reservation soon. The Wynn Las Vegas is located at 3131 Las Vegas Blvd. South, Las Vegas, NV 89109. The guest fax num-ber is 1-702-770-1571.TMA requires that a conference registration form (including payment) be received within ten business days of making a hotel reservation. TMA reserves the right to terminate the hotel reservation of any individual who does not comply with this policy.

AttireAppropriate conference attire is business casual.

Questions?Executive DirectorLinda Delgadillo, CAE1-312-578-6900 or ldelgadillo@turnaround.org Registration, Substitution, CancellationCatherine Cram1-312-242-6036 or ccram@turnaround.org

Overall Conference, Speakers, Educational ProgramLaura Ivaldi1-312-242-6030 or livaldi@turnaround.org

Sponsorship, Display Tables, Cornerstone Endowment ProgramJoseph Karel1-312-242-6039 or jkarel@turnaround.org

PressCecilia Green, APR, CAE1-312-242-6031 or cgreen@turnaround.org

Chapter Relations Dale West1-312-242-6038 or dwest@turnaround.org

MembershipMary Carravallah1-312-242-6037 or mcarravallah@turnaround.org

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Ground Transportation

Taxicab ServiceTaxicab service is available on the lower level curb front of all termi-nals. The fare is approximately $25,

depending on traffic. The ride time is approximately 20 minutes, depending on traffic. There are no flat rates.

Driving From LASExit the airport on Swenson Avenue. Turn left onto Tropi-cana Avenue and travel one mile to Koval Lane. Turn right on Koval Lane and travel 1.5 miles to Sands Avenue. Turn left on Sands Avenue (heading west), and the Wynn Las Vegas will be on your right. Wynn Las Vegas Hotel guests and out-of-town guests will find the Main Gate Entrance to be most convenient. The Main Gate is located on Las Vegas Boulevard just north of Spring Mountain Road.

Parking at the Wynn Las VegasBoth valet and self parking is complimentary at the Wynn Las Vegas.

The Wynn Las Vegas is located approximately three miles from McCarran International Airport (LAS).

Shuttle and Private Car ServiceExecutive Star Limo and Executive Coach and Carriage provide car and shuttle service between the airport and the Wynn Las Vegas. For rates and full details, please contact Executive Star Limo at 1-702-646-4661 or Executive Coach and Carriage at 1-702-367-7774.

Car RentalIf you plan to rent a car, please note that TMA members may receive as much as ten percent off regular car rental rates from Avis. For more in-formation, call Avis at 1-800-331-1212. Individuals calling from outside the United States may find the appropriate phone number for the country from which they are calling by visiting www.avis.com and selecting Customer Service/Worldwide Res-ervations Phone Numbers. Mention identification number V368995 to the telephone agent to take advantage of this TMA member discount.

Co-chairs: Frank A. MerolaStutman, Treister & Glatt PC James H.M. SprayregenGoldman Sachs & Co.

Charles J. BurgerSummit Investment ManagementJohn M. Collard, CTP Strategic Management Partners Inc.Colin P. CrossCrystal Capital LLCKevin P. GendaCerberus Capital Management LP/Ableco Finance LLC

Thank youto the 2007 Distressed Investing Conference Committee

Gilbert A. HerreraHerrera Partners LP N. Lynn HiestandSkadden, Arps, Slate, Meagher & Flom (UK) LLPRobert D. Katz, CTPExecutive Sounding Board Associates Inc. David E. Mack, CTPWhite Oak GroupFrank R. Mack, CTP Conway MacKenzie & Dunleavy Inc.Matthew R. Niemann, CTPCerberus Capital Management LPProf. James B. SheinKellogg School of Management, Northwestern University

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Conference SponsorsPlatinum Sponsor Table Top Displays

Table top exhibitors at the 2007 Dis-tressed Investing Conference provide critical services to the distressed investing marketplace. Don’t miss this opportunity to learn how these capital and service providers will benefit your business. If you are interested in purchasing a table top exhibit space, please contact Joe Karel at TMA at 1-312-242-6039 or jkarel@turnaround.org or Allan Cunningham at The Deal at 1-212-313-9162 or acunningham@thedeal.com.

Cyber CaféLocated in the Table Top Displays Room-Petrus 1Stay connected while away from the office. TMA and The Deal are pleased to offer a Cyber Café at the Distressed Investing Conference. Connect to the Internet, check e-mail, or update and print documents on one of the com-puter workstations. The Table Top Displays and Cyber Café will be open:Thursday, January 1812:00 p.m.–6:00 p.m.Friday, January 199:00 a.m.–12:00 p.m.

Additional Conference SponsorsEvent sponsors provide financial support for the Distressed Investing Conference. In addition to those spon-sors listed in the agenda, the following sponsors have also generously provid-ed support for the Distressed Investing Conference.• Seyfarth Shaw LLP (Conference

Bags)• Getzler Henrich & Associates LLC

(Lanyards)• Skadden, Arps, Slate, Meagher &

Flom LLP (Pocket Agenda)

Gold Sponsors

Event Sponsors

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Cornerstone Program DonorsCornerstone Capital DonorsBack Bay Capital Funding LLC Bank of America Business Capital Bank of America Retail Finance GroupGordon Brothers Group, LLC

Cornerstone DonorsCITGlass & Associates, Inc.

Leadership DonorsDeloitte Financial Advisory Services LLPRealization Services, Inc.Skadden, Arps, Slate, Meagher & Flom LLP

Sustaining DonorsAbacus Advisors Group LLCAnderson Bauman Tourtellot VosBank of America Commercial FinanceBBKDoveBid Valuation ServicesGardner Carton & Douglas LLP Mesirow Financial Consulting, LLCMorris-Anderson & Associates, Ltd.NachmanHaysBrownstein, Inc.Prime Locations LLCThe Scotland Group, Inc. Wachovia Capital FinanceWells Fargo Business Credit, Inc.

Benefactor DonorsAEG Partners, LLCAlixPartners, LLCAtlas Partners, LLCBuccino & Associates, Inc.Cadwalader, Wickersham & Taft LLPCooley Godward Kronish LLPCorporate Renewal Services, Inc.Executive Sounding Board Associates Inc.FTI Consulting, Inc.Huron Consulting GroupLake Pointe Partners, LLCQuarles & Brady LLPRavin Greenberg PCRiemer & Braunstein LLPTrimingham, Inc.Wells Fargo FoothillWhite Oak GroupXRoads Solutions Group

Patron DonorsAtwell, Curtis & Brooks, Ltd./ University Management Associates & Consultants Corp.Aurora Management Partners Inc.Bear Stearns & Co.The Belet Group, Inc./ Belet Acquisitions, Inc.Blank Rome LLPCarl Marks Advisory Group LLCConway MacKenzie & DunleavyFINOVA Capital CorporationHorizon Management Inc.JPMorgan Chase & Co.Kugman AssociatesThe Nassi Group, LLCNatCity Investments SSG Investment BankingPhilip + Company, Inc.RAS Management Advisors, Inc.Retail Consulting ServicesSchulte Roth & Zabel LLPWells Fargo Bank, N.A.Wells Fargo Retail Finance

Supporter DonorsAccuVal Associates, Inc.Allomet Partners, Ltd.American Management Advisors, Inc.ARG Recovery, LLCBeane Associates, Inc.Bond, Schoeneck & King PLLCCairncross & Hempelmann, P.S.Caledonia Group Inc.Capital Restoration, LLCCapitalSourceCitadel Investment GroupContinental Advisory Services, LLCThe Daley-Hodkin GroupDickinson Wright PLLCDLA Piper Rudnick Gray Cary US LLPEMCC, Inc.Emerald Technology Valuations, LLCFennemore Craig, P.C.The Finley GroupFirst American Corp. UCC DivisionFocus Management GroupFort Dearborn Partners, Inc.Getzler Henrich & Associates LLC

Gibson, Dunn & Crutcher LLPGiuliani Capital Advisors LLCGreat American GroupHarvard Turnaround ManagementThe Hilco OrganizationHill & Gertner Capital CorporationHSG Services Inc.Jager Smith P.C.Joe Foster Real Estate AdvisorsKBK Financial, Inc.KPS Special Situations FundsLain Faulkner & Co.McShane GroupMehmco Financial Services Inc.The Meridian GroupMichael Fox International Inc.Midwest Business CapitalMiles & Stockbridge P.C.Modesitt Associates, Inc.The Nauset Group, Inc.Northern Healthcare Capital, LLCThe Parkland Group, Inc.Penn Hudson Financial Group, LLC\Phelps Consulting GroupPhoenix Advisors & Collections, Inc.Phoenix Management Services, Inc.Project Executive Group, Inc.ProtivitiQuest Turnaround Advisors, LLCRenaissance Partners, L.C.Republic Financial CorporationRJ Reuter Business ConsultingRochelle, Hutcheson & McCullough, LLPRSM McGladreyRuskin Moscou Faltischek, P.C.San Filippo & Associates, LLCSB Capital Group, LLCSherman, Lavallee & Associates, LLCState Securities PLC (United Kingdom)Sterling Supply Co.Stout Risius Ross, Inc.Strategic Management Partners, Inc.Stutman, Treister & GlattSullivan & Worcester LLPTeamWork Technologies, Inc.Tono-Bungay Consulting, Inc.Treadstone Partners, LLCWinternitz, Inc.Wiss & Company, LLP

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Registration FormYou may also register on-line at www.turnaround.org. Please note that pre-registration will only be accepted through Tuesday, January 9, 2007. Please also note on page 6 of this brochure that there is a $50 on-site registration surcharge.

Be sure to make your hotel reservation soon. Contact the Wynn Las Vegas 1-866-770-7555. Mention Turnaround Management Association to receive the reduced room rate of $259/night. This rate is only guaranteed through Friday, December 22, 2006. See page 7 for details.

Full name

Goes by/Nickname (for badge)

Company

Address

City, State, Zip

Phone/Fax

E-mail

Registration Fees Member $ 995

Nonmember $1245

Judge/Full-time academic/Government employee $ 600

Payment Check enclosed (payable in U.S. funds to Turnaround Management Association)

Visa MasterCard American Express

Credit card number Expiration date

Name on credit card (please print)

Signature

Total amount paid $

Special needs

Mail or fax your completed registration form to: Turnaround Management Association100 South Wacker Drive, Suite 850Chicago, IL 60606Fax: 1-312-578-8336