Algon Group Adds to Restructuring Team

Algon Group, an Atlanta-based financial advisory firm, has hired Heather L. Barlow as a Senior Managing Director and Bradley Edwards, G. Travis Hendren, and Janet L. Protas as Managing Directors. Barlow was as formerly a senior banker in the Restructuring Advisory Group at CIBC World Markets Corp. Hendren was a Director with Wachovia in its Investment Banking division.

PRESS RELEASE

Algon Group announced today that Heather L.
Barlow has recently joined the firm as a Senior Managing Director and Bradley
A. Edwards, G. Travis Hendren, and Janet L. Protas have joined the firm as
Managing Directors.

The addition of Barlow, Edwards, Hendren, and Protas enhances the firm’s
capabilities in providing both corporate and real estate restructuring
advisory services and solutions to Algon Group’s clients.

Barlow is a veteran restructuring advisor with a successful track record as a
financial advisor to ad hoc and official committees of secured and unsecured
creditors, debtors, and third party constituents in all aspects of both
out-of-court and in-court financial restructurings. She was formerly a senior
banker in the Restructuring Advisory Group at CIBC World Markets Corp. Her
experience also includes operational restructuring, workout and distressed
investing. Barlow is located in the New York office.

Edwards has dedicated his career to working with private equity and corporate
clients, with a specific expertise in assisting portfolio companies in high
risk situations, having successfully completed complex acquisition financings,
recapitalizations and highly structured transactions involving senior debt,
mezzanine and equity investments for companies in workout situations. Edwards
is located in the Greenwich, Connecticut office.

Hendren, who focuses on the real estate and construction industries, was most
recently a Director with Wachovia in its Investment Banking division, a part
of the company’s Corporate and Investment Bank. He spent 11 years working
with the building and construction materials industries on a variety of
advisory and capital raising assignments. Hendren is located in the
Charlotte, North Carolina office.

Protas, who has in depth experience with commercial and residential real
estate, has developed and repositioned over 20 million square feet of office,
retail and residential projects. She has earned a national reputation for her
ability to identify value in distressed, troubled and hard-to-resolve real
estate situations, and for improving operating performance of underperforming
income producing properties. She is a member of the Urban Land Institute, and
an Assistant Council Chair and member of its national leadership team. Protas
is located in the New York office.

“The expansion of our corporate and real estate restructuring advisory groups
is an integral part of the continued growth of the Algon Group. Algon clients
will benefit from the active role played by our senior professionals and our
consistent focus on the most successful outcome possible for each case,” says
Troy T. Taylor, Founder of the Algon Group.

Algon Group is a specialized financial advisory firm that provides
sophisticated financial analysis and advisory services to debtors, creditors,
equity holders and third party constituencies. Algon professionals each have
decades of investment banking experience. Algon’s real estate group has
handled over three billion dollars of real estate debt restructurings in the
last 18 months on behalf of owners, developers, retail, residential
(including those with more than 5000 condominium units), and hospitality.
Algon’s professionals are exceptionally skilled at resolving situations
involving financially distressed corporate and real estate situations.
Results-oriented clients depend on Algon advisors – advisors who, in
aggregate, have handled transactions in excess of $20 billion during their
respective careers. The firm has a nationwide footprint, with professionals in
Atlanta, Birmingham, Charlotte, Greenwich, New York, Philadelphia, and Tampa.