TheCorporate ReckoningRenewal Opportunities in Times of Global Uncertainty

2008 Spring Conference March 27-29* *March 26-27: TMA Corporate  Governance Meetings

Ritz Carlton Grande Lakes Orlando, Florida The Reckoning

n behalf of the 2008 TMA Spring Conference Committee, it is my pleasure to invite you to attend The Reckoning— Corporate Renewal Opportunities in Times of Global Uncertainty being held at the luxurious Ritz Carlton Grande OLakes in Orlando, Florida. The spreading concern about the integrity of global debt markets has demonstrated the fragility of modern finance and the widely dispersed risk inherent in newly devised structured financial products. As investment losses and insolvency risks infect in- ternational financial networks, experts are not debating the inevitability of bankruptcies from the fallout, but rather the extent of them. Whether this contagion will result in a recession is still to be seen; however, even if an official recession does not occur in the United States in 2008, the global economy will likely experience pockets of turmoil. The retreat to a new level of risk, though necessary, was never going to be orderly or free of casualties—or opportunities for corporate renewal professionals. Consistent with TMA’s mission to provide timely and relevant education to its members, The Reckoningwill feature keynote Frank R. Mack, CTP speakers and expert panelists from North America and around the world discussing the forces driving the new economic Conway MacKenzie reality—residential homebuilding, mortgage lending, offshore hedge funds and Chapter 15s, private equity sponsors and health & Dunleavy care providers, as well as potential new matters such as structured investment vehicles, CLOs, CDOs, sovereign investment funds and municipal bankruptcies. Chairman The Reckoning’sprominent keynote speakers include Andrew Card, former White House Chief of Staff and U.S. Secretary TMA of Transportation, who will open the conference on Friday morning, and Pat Williams, senior vice president of the NBA’s 2008 Spring Orlando Magic and one of America’s top motivational and inspirational speakers, who is Friday’s featured dinner speaker. Conference Friday’s luncheon keynote speaker, Dr. David Altig, senior vice president and director of research at the Federal Reserve Bank of Atlanta, will offer unique insight into the state of the economy. As always, the Spring Conference will be a great venue for networking, deal making and relationship building, including Thursday’s golf tournament, tennis event and luncheon event for the Professional Women’s Networking Group, as well as the many breakfasts, lunches, dinners, coffee breaks and diversity-themed networking receptions being held throughout the 2008 Spring Conference. The Reckoningis a reality because skilled professionals contributed hundreds of pro-bono hours to this effort. Please refer to the listing of the members of the Conference Committee in this brochure, and thank them for an extraordinary job as you encounter them at the conference. The 2008 Spring Conference would also not be possible without the generous support of our sponsors who are listed on page 14. Sponsorships are still available, and I encourage you to consider sponsoring The Reckoning as an opportunity to showcase your firm. The Ritz Carlton Grande Lakes, a fantastic family venue, features a full-service spa, lazy river rafting and outstanding recreational activities, and a short distance from the property lies Disney World, Downtown Disney, Epcot Center, MGM Studios, Universal Studios, Sea World, museums, gardens, shopping and more. Please make plans to join your corporate renewal industry colleagues at The Reckoning—Corporate Renewal Opportunities in Times of Global Uncertainty. You can register today at www.turnaround.org or by using the form on page 15.

Who should attend? About the The 2008 Spring Conference is a must for all industry professionals, including Turnaround Management practitioners, lenders, attorneys, investors, appraisers, liquidators, auctioneers, financial planners and interim corporate managers. Association Turnaround Management Association (TMA) is the premier professional community dedicated to corporate renewal and Why you should attend turnaround management. The 2008 Spring Conference exposes you to a timely education program With international headquarters in Chicago, TMA’s nearly highlighting the forces driving new economic realities and opportunities for 8,000 members in 43 regional chapters comprise a profes- corporate renewal professionals. Conference highlights include: sional community of turnaround practitioners, attorneys,  Outstanding keynote speakers, including Andy Card, White House Chief accountants, investors, lenders, venture capitalists, appraisers, of Staff (2000-2006); Dr. David E. Altig, senior vice president and director liquidators, executive recruiters and consultants, as well as of research, Federal Reserve Bank of Atlanta; and Pat Williams, Senior Vice academic, government and judicial employees. President of the Orlando Magic TMA members adhere to a code of ethics specifying high  Insightful general sessions on topics including residential homebuilding, standards of professionalism, integrity and competence. mortgage lending, offshore hedge funds and Chapter 15s, private equity The Certified Turnaround Professional (CTP) certification sponsors and health care providers, as well as potential new matters such as program recognizes professional excellence and provides an structured investment vehicles, CLOs, CDOs, sovereign investment funds objective measure of expertise related to workouts, restruc- and municipal bankruptcies turings and corporate renewal.  Networking events such as golf and tennis tournaments and numerous meals, receptions and coffee breaks, bringing you together with colleagues from around the world  Conference Agenda

Monday, March 24 9:00 a.m. – 4:00 p.m. CTP Accounting & Finance course* 11:00 a.m. – 12:15 p.m. CONCURRENT SESSION A 4:30 p.m. – 7:00 p.m. CTP Accounting & Finance exam* •A1: “When Did Healthcare Become Hot?” •A2: “International Trends: Global Financial Tuesday, March 25 Markets” 8:00 a.m. – 3:00 p.m. CTP Management course* 12:15 p.m. – 1:15 p.m. Lunch service 3:30 p.m. – 7:00 p.m. CTP Management exam* 1:30 p.m. – 2:15 p.m. Keynote presentation by Dr. David E. Altig, Wednesday, March 26 Federal Reserve Bank of Atlanta

9:00 a.m. – 11:00 a.m. Certification Oversight Committee meeting Lunch and keynote presentation co-sponsored by 9:00 a.m. – 4:00 p.m. CTP Law course* CIT Corporate Finance-National Restructuring 11:00 a.m. – 1:00 p.m. Executive Committee meeting Group and Executive Sounding Board 1:00 p.m. – 2:00 p.m. Board of Directors/Certification Oversight Associates Inc. 2:15 p.m. – 3:30 p.m. CONCURRENT SESSION B Committee lunch •B1: “Subprime Mortgages—The Fallout 3:00 p.m. – 5:00 p.m. Board of Directors meeting Continues: Observations and Case 4:30 p.m. – 7:00 p.m. CTP Law exam* Studies” Thursday, March 27 •B2: “Bankruptcy Beyond Borders: 8:00 a.m. – 10:00 a.m. Chapter Presidents meeting From Hedge Funds to Herbal 9:00 a.m. – 8:30 p.m. Registration desk open Supplements—Why Chapter 15 10:00 a.m. Golf Clinic and Tournament* Matters to You” Refreshment carts 3:30 p.m. – 4:00 p.m. Coffee break Co-sponsored in part by Great American Group Sponsored by National City Capital Markets (please see page 8 for complete timing and event details) 4:00 p.m. – 5:30 p.m. Advanced Educational Session: “An 1:00 p.m. – 3:00 p.m. Professional Women’s Networking Group Entrepreneur’s Ride Through the American luncheon* Bicycle Industry”* Co-sponsored by Fennemore Craig, P. C. and 6:30 p.m. – 7:30 p.m. Cocktail reception Quarles & Brady LLP Co-sponsored in part by Accord Financial, Inc., 1:30 p.m. Tennis Tournament* and GlassRatner Advisory & Capital Group Sponsored by Melville Capital Life Settlements LLC 6:00 p.m. – 7:00 p.m. Diversity reception 7:30 p.m. – 9:45 p.m. Dinner, TMA Awards Presentation and 7:00 p.m. – 8:30 p.m. Opening reception Keynote Presentation by Pat Williams, Co-sponsored in part by Hunt Special Situations Senior Vice President, Orlando Magic Group, L.P. and Winston & Strawn LLP Saturday, March 29 Friday, March 28 8:00 a.m. – 12:00 p.m. Registration desk open 7:00 a.m. – 7:30 p.m. Registration desk open 8:00 a.m. – 8:45 a.m. Continental breakfast 7:30 a.m. – 8:00 a.m. Continental breakfast Co-sponsored in part by Industrial Opportunity Co-sponsored by McDonald Hopkins LLC and Partners Medallion Business Credit 9:00 a.m. – 10:15 a.m. “Global Business Roundtable: A Global 8:00 a.m. – 9:15 a.m. Conference opening and keynote Survival Plan” presentation by Andrew H. Card Jr., Former 10:15 a.m. – 10:45 a.m. Coffee break White House Chief of Staff Co-sponsored in part by SAK Management Co-sponsored in part by Conway MacKenzie & Services, LLC Dunleavy and LBC Credit Partners 10:45 a.m. – 12:00 p.m. “Distressed Real Estate: How Do You Catch a 9:15 a.m. – 10:30 a.m. “Recent Trends in Distressed M&A” Falling Knife?” 10:30 a.m. – 11:00 a.m. Coffee break *Additional fee required Co-sponsored by Atlas Partners, LLC and Bond Please note that private company events may not conflict with any scheduled activity Schoeneck & King LLC of the TMA 2008 Spring Conference.

Continuing Education Credit Educational sessions at the 2008 Spring Conference provide Conference Program (excludes Advanced Educational Session) an overview and update of topics relevant to the practice of • CPAs—maximum of 7.5 hours of CPE • CTPs—maximum of 7.5 hours of CPE corporate renewal. There is no prerequisite or advance study • Attorneys—7.5 hours (50-minute hour) or 6.25 hours (60-minute hour). CLE necessary to attend the 2008 Spring Conference or to qualify applications are pending with individual state bars. TMA cannot guarantee for continuing education credit. For information regarding state bar approval. Please visit www.turnaround.org for updates. administrative policies such as complaints or refunds, please Advanced Educational Session contact TMA at 1-312-578-6900. • CPE—maximum 1.5 hours The Turnaround Management Association is registered with the National • CTPs—maximum 1.5 hours Association of State Boards of Accountancy as a sponsor of continuing profes- • CLE —1.8 hours (50-minute hour) or 1.5 hours (60-minute hour) sional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses Body of Knowledge Courses for CPE credit. Complaints regarding sponsors may be addressed to The • CPE—maximum 6.5 hours National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, • CTPs—maximum 6.5 hours Nashville, TN 37219-2417. Website: www.nasba.org. • CLE—upon request, TMA can apply to individual states for the law section  Keynote Speakers

Friday, March 28, 8:00 a.m. – 9:15 a.m. Andrew H. Card Jr.—White House Chief of Staff (2000-2006) On November 26, 2000, Andrew H. Card, Jr., was Assistant to the President for Intergovernmental Affairs and subsequently appointed Chief of Staff in the presidential administra- as Deputy Assistant to the President and Director of Intergovernmental tion of George W. Bush. Card was chosen because of Affairs, where he was liaison to governors, statewide elected officials, state his impressive service record in the public and private legislators, mayors and other elected officials. Previously, Card was General sector. Card was the second-longest serving White Motors’ Vice President of Government Relations, where he directed House chief of staff. From 1992 until 1993, Card served the company’s international, national, state and local government affairs as the 11th U.S. Secretary of Transportation under activities and represented GM on matters of public policy before Congress President George Bush. From 1988 to 1992, Card served in President and the Administration. From 1993 to 1998, Card was President and Bush’s Administration as Assistant to the President and Deputy Chief CEO of the American Automobile Manufacturers Association (AAMA). of Staff. He managed the daily operations of the White House staff and Currently, Card is a senior counselor at the global public relations firm participated in the full range of economic, foreign and domestic policy Fleischman-Hillard, serving on the international advisory board. He also development. Card served in President Reagan’s Administration as Special serves on the board of directors at Union Pacific Corporation.

Friday, March 28, 12:15 p.m. – 2:15 p.m. (time reflects entire lunch session) Dr. David E. Altig—Senior Vice President and Director of Research Federal Reserve Bank of Atlanta Dr. David E. Altig is senior vice president and director by the University of Minnesota and Lingnan College of Sun Yat-Sen of research at the Federal Reserve Bank of Atlanta. In University. Prior to joining the Atlanta Fed, Altig served as vice president addition to advising the Bank president on monetary and associate director of research at the Federal Reserve Bank of Cleveland. policy and related matters, Altig oversees the Bank’s Before joining the Cleveland Fed, Altig was a faculty member in the research and public affairs departments and serves as a department of business economics and public policy at Indiana University. member of the Bank’s management and discount committees. Altig is also Altig’s research is widely published and primarily focused on monetary an adjunct professor of economics in the graduate school of business at the and fiscal policy issues. He has also served as editor for several conference University of Chicago and the Chinese Executive MBA program sponsored volumes on a wide range of macroeconomic and monetary-economic topics.

Friday, March 28, 7:30 p.m. – 9:45 p.m. (time reflects entire dinner session) Pat Williams—Senior Vice President, Orlando Magic After serving for seven years in the United States Army, NBA career, Williams drafted Charles Barkley, Shaquille O’Neal, Maurice Pat Williams spent seven years in the Philadelphia Cheeks, Andrew Toney and Darryl Dawkins and signed Billy Cunningham, Phillies organization, two as a minor league catcher Chuck Daly, and Matt Guokas to their first professional coaching contracts. and five in the front office. He also spent three years Nineteen of his former players have become NBA head coaches, and in the Minnesota Twins organization. Since 1968, he nine have become college head coaches while seven have become assistant has been affiliated with teams in Chicago, Atlanta, NBA coaches. In the last 12 years, Williams has completed 44 marathons, and Philadelphia, including the 1983 World Champion 76ers, and now the including the Boston Marathon 11 times, and climbed Mt. Rainier. He is a Orlando Magic, which he co-founded in 1987 and helped lead to the NBA weightlifter, Civil War buff and serious baseball fan. Williams is a member finals in 1995. Twenty-three of his teams have gone to the NBA playoffs and of the Wake Forest Sports Hall of Fame after catching for the Deacon five have made the NBA finals. In 1996, Williams was named as one of the baseball team, including the 1962 Atlantic Coast Conference Championship 50 most influential people in NBA history by a national publication. In his team. He is also a member of the Delaware Sports Hall of Fame.

Chair: Frank R. Mack, CTP, Conway MacKenzie & Dunleavy Noel Boeke, Holland & Knight LLP Thank John J. Brignola, LBC Credit Partners Howard Brod Brownstein, CTP, NachmanHaysBrownstein Inc. you Brad Coulter, CTP, O’Keefe & Associates Consulting LLC to the Guity Javid, Spring Street Capital LLC 2008 Spring Gordon W. Johnson, EM Advisors LLC Cathy L. Reece, Fennemore Craig P. C. Conference Linc A. Rogers, Blake, Cassels & Graydon LLP Committee Suzanne Yoon, CIT  Educational Sessions

Friday, March 28, 9:15 a.m.–10:30 a.m. A2: “International Trends: Global Financial “Recent Trends in Distressed M&A” Markets” Moderator: Michael A. Fixler, CM&D Capital Advisors LLC Moderator: Brad Coulter, CTP, O’Keefe & Associates Consulting LLC Panel: Dean Anderson, American Capital Strategies; Stephen A. Boyko, Proskauer Rose LLP; Christopher Calabrese, LBC Credit Panel: Beth Ann Bovino, Standard & Poor’s; Rick S. Chance, Partners; William J. Drmacich, CIT Business Capital; Adam R. KPMG Corporate Finance LLC; James H. Zukin, Houlihan Gottlieb, Industrial Opportunity Partners Lokey Howard & Zukin The general M&A market set record deal volumes over the last Economists project a slowdown in global growth in 2008. Given couple of years while distressed M&A muddled through a strong the financially intertwined nature of the global economy today, economic and credit environment. With a much weaker economic what are the implications of market corrections and losses in the backdrop and tighter credit markets, distressed M&A activity is United States and elsewhere on global credit? Are we heading for expected to accelerate. What should distressed M&A participants a global credit crunch and has unprecedented growth in emerging expect? markets in recent years created bubble effects in some emerging economies that are due for a correction? This panel examines a • Are deals still getting done in the middle market? number of key issues affecting international financial markets, • Are those deals getting done with higher equity contributions? including: • How are people dealing with non-fully underwritten deals? • Strength, stability and vulnerabilities within the international • Difficulties of changing seller expectations financial system that could foreshadow the international financial crisis or a global credit crunch • MAC outs/break up fees • The effect of U.S. credit woes on international markets, its • Lower risk tolerance for lenders; “just get me out” syndrome potential contagion effect, and the impact on global credit and • Re-emergence of strict covenants liquidity Given the anticipated increase in distressed M&A activity, this • Current hot spots and watch spots for non-performing loans and panel will focus on the current state of the M&A and credit distressed investing markets for distressed transactions. • Impact on global markets of the emergence of sovereign wealth funds Concurrent Session A • Implications of lingering problems in Japan and a potential Friday, March 28 slowdown in China on world markets 11:00 a.m.–12:15 p.m. A1: “When Did Concurrent Session B Healthcare Friday, March 28, 2:15 p.m.–3:30 p.m. Become Hot?” B1: “Subprime Mortgages—The Fallout Moderator: Suzanne Koenig, Continues: Observations and Case SAK Management Services, LLC Studies” Roberta A. DeAngelis, Panel: Moderator: David W. Wirt, Winston & Strawn LLP Executive Office for U. S. Trustees; Carol E. Jendrzey, Cox Smith Panel: John Anderson, RBS Greenwich Capital; Timothy R. Matthews Incorporated; Keith J. Coleman, The Blackstone Group; Harry J. Devens, The Bear Shapiro, Greenberg Traurig LLP Companies; Peter S. Partee Sr., Hunton & Williams LLP Healthcare has been heating up the restructuring industry As the subprime crisis continues to dominate business and political ahead of all the other areas of business. The challenges of low headlines, industry experts debate the future for the subprime reimbursement, slow pay and debtors’ ability to manage their industry and the implications on the lending sector and broader cash flow while caring for patients and providing quality care has economy as a whole. This panel of experts will discuss topics that made for a very tenuous situation. The patient care ombudsman include: continues to jump through hurdles while explaining to bankruptcy • A comparison and contrast between the “consensual” workout of professionals his/her place in the bankruptcy playing field and the the distressed subprime lender versus a bankruptcy proceeding relevance of enhancing the debtors’ assets, who are the very patients • Legal and practical implications respecting valuation issues and or residents of the debtor. collateral realization: debates within the capital structure • Looking forward: opportunities and potential dangers in the subprime industry for 2008 and predictions on the fallout  Educational Sessions

Friday, March 28, 2:15 p.m.–3:30 p.m. Saturday, March 29, 9:00 a.m.–10:15 a.m. B2: “Bankruptcy Beyond Borders: From Hedge “Global Business Roundtable: Funds to Herbal Supplements—Why A Global Survival Plan” Chapter 15 Matters to You” Moderator: Gordon W. Johnson, EM Advisors LLC Moderator: Linc A. Rogers, Blake, Cassels & Graydon LLP Panel: Russell P. Brown, LehmanBrown; Brian Cassady, Black Panel: Jay A. Carfagnini, Goodmans LLP; Alesia Ranney- Management Advisors Marinelli, Skadden, Arps, Slate, Meagher & Flom LLP; The global economy slowed slightly in 2007 and is expected to Lawrence E. Young, AlixPartners slow further in 2008, due to weaker growth in rich countries and The principal vehicle through which foreign insolvency proceedings a deepening global credit crunch. With prospects for a recession will enter the United States is Chapter 15 of the U.S. Bankruptcy growing in the U.S. and a weakening dollar, coupled with rising Code. Proceedings commenced under this Chapter will dictate commodity prices and increased market volatility, could the global how asset values are maximized, how proceeds of realization are economy be at a tipping point? This panel of business leaders and distributed and what role foreign courts will play in determining investment professionals surveys the current state of investment the rights and interests of U.S. stakeholders. Recent cases in progress globally and discusses key factors, trends and risks for doing connection with the recognition of foreign proceedings involving business in a more volatile global economy. The panel will address: the SphinX and Bear Stearns hedge funds demonstrate that • Comparative perspective on doing business globally and key Chapter 15 will be at the forefront of some of the most complex, considerations and risks for investing in emerging markets intriguing and ground breaking cases. The panel of leading experts • The effect of slowing growth in the U.S. and Europe on emerging will focus on the implications of the recent cases dealing with failed market exports and growth hedge funds, the MuscleTech Chapter 15 proceedings dealing with mass tort litigation arising from the sale of herbal supplements and • Convergence and divergence on the globalization track; business the real challenges and opportunities for turnaround professionals survival strategies in a global economy in dealing with cross-border insolvency cases. • The deepening global credit crunch and risk management strategies to cope with more volatile financial markets Friday, March 28, 4:00 p.m.–5:30 p.m. • Rise of the BRIC and other emerging market trends, hot spots, not spots and watch spots for distressed investing in emerging markets Advanced Educational Session: “An Entrepreneur’s Ride Through the American Bicycle Industry” Saturday, March 29, 10:45 a.m.–12:00 p.m. Chris Hornung, Founder and Former CEO, Pacific Cycle “Distressed Real Estate: How Do You Catch a $95/person Falling Knife?” (conference registration is required to attend this session) Moderator: Noel R. Boeke, Holland & Knight LLP Pacific Cycle, Inc. is a major bicycle manufacturer founded in 1983 Panel: Ron Glass, GlassRatner Advisory & Capital Group, LLC; and headquartered in Madison, Wisconsin, whose brands include Navin N. Nagrani, Hilco Real Estate LLC; Paul S. Singerman, DYNO, GT, InSTEP, , , Pacific Outdoors, Berger Singerman P.A.; Natalie B. Wilensky, CIT Commercial Powerlite, Roadmaster and Schwinn. Virtually all of these brands Finance were unprofitable and many languished in bankruptcy prior to It is no secret that the residential real estate market is faced with their acquisition by Pacific Cycle. The first portion of the session challenges, and there have been many workouts and bankruptcies describes the process by which these distressed assets were associated with the homebuilder/developer segment of the industry. acquired. Second, this session describes the significant changes in Join an expert group of panelists as they discuss issues related to marketing, distribution channel management, manufacturing, brand this troubled industry, as well as the broader affects on commercial management, operations and market segmentation strategies that real estate. Some highlights of the discussion include: Pacific Cycle employed to turnaround these brands. For example, • What are the economic factors that led to the downturn and Pacific Cycle is the only bicycle manufacturer to sell different bikes subsequent failure of many homebuilders and developers? in different channels. Its bicycles are sold by Independent Bicycle Dealers (IBD) and mass merchandisers such as Target, Wal-Mart • How are these residential restructurings being handled? and The Sports Authority. Collectively, these operational changes Reorganizations or liquidations? built considerable value in what was considered a dead industry. • An overview of some of the main issues and pitfalls associated Finally, the session concludes with a discussion of the 2004 with a homebuilder restructuring acquisition of Pacific Cycle by . • What’s going on in the real estate capital markets? • Has the subprime meltdown had an impact on the usage and demand for CMBS and CDO products? • Looking at commercial real estate—where is there distress today; where will there be distress tomorrow?  CTP Certification Program

he Certified Turnaround Professional (CTP) designation Registration Policies was launched in 1993 to monitor and maintain a program of certification for professionals engaged in the turn- Body of Knowledge Courses/Exams T Registration forms must be mailed or faxed. Phone registration is around, crisis management, restructuring and renewal of troubled businesses, organizations and associations. The CTP program not accepted. Registration is not considered complete until payment encourages, measures and recognizes professional excellence and is received and processed. Written confirmation of your registra- expertise related to workouts, restructurings and corporate renewal. tion and appropriate course materials will be sent by UPS Ground Service within three business days of receipt of your registration. Certification is available to all qualified professionals. Although the The confirmation notice will contain complete logistical details. The examination may be taken before completing other requirements, course materials are an integral part of the course experience and/or all standards must be met prior to certification. For more details exam preparation. To ensure that you are adequately prepared for the about the certification program, courses and exams, please visit course(s) and/or exam(s), you are encouraged to send a registration www.actp.org or contact Manager of Certification Nicole Gibby at form in a timeframe that ensures adequate time to receive and review [email protected] or 312-242-6034. the materials. If you would like to receive the course materials in a All courses and exams listed below will be held at the Ritz Carlton timelier manner than UPS Ground Service will allow, please apply Grande Lakes. Spring Conference registration is not required to the appropriate surcharge to your total amount due. Surcharges are register for the courses or exams. detailed on the registration form on page 15. All payment should be made in U. S. dollars to TMA. Body of Knowledge (BOK) Cancellation/Substitution Courses Policies $400/course  Monday, March 24, 9:00 a.m. – 4:00 p.m. Body of Knowledge (BOK) Courses Accounting & Finance Notification of cancellation must be received in writing (e-mail is acceptable). Cancellations will not be reviewed or processed until they  Tuesday, March 25, 8:00 a.m. – 3:00 p.m. are received in writing. Phone cancellation is not accepted. If your Management written notification of cancellation is received up to ten business days  Wednesday, March 26, 9:00 a.m. – 4:00 p.m. prior to the start of the BOK course, you will be issued a full credit Law to be used for registration for any BOK course in the next 12-month Taught by a business school professor, attorney and a United States period. Cancellations received within ten business days of the start of the course will be issued a credit, less a $75 processing fee, to be used Bankruptcy Judge, the BOK courses are open to all corporate for registration for any BOK course in the next 12-month period. No renewal professionals seeking a comprehensive understanding refunds will be given. or refresher on turnaround management, as well as for those individuals pursuing the CTP designation. Substitutions for BOK courses are permitted at any time. Notification of substitution must be submitted in writing (e-mail is acceptable). Substitutions will not be reviewed or processed until they are received CTP Certification Exam in writing. Phone substitution is not accepted. The substitute must $250/section be from the same firm as the original registrant, and the substitution notice should include accurate contact information for the substitute  Monday, March 24, 4:30 p.m.–7:00 p.m. registrant. Accounting & Finance  Tuesday, March 25, 3:30 p.m.–7:00 p.m. Exam Management Notification of cancellation must be received in writing (e-mail is ac-  Wednesday, March 26, 4:30 p.m.–7:00 p.m. ceptable). Cancellations will not be reviewed or processed until they Law are received in writing. Phone cancellation is not accepted. For each cancelled exam section, you will be issued a full credit to be used for The CTP exam is based upon a comprehensive body of knowledge the same exam section in the next 12-month period. Substitutions are covering the areas of accounting & finance, management and law. not allowed for the exam. The times listed above indicate maximum time allowed for each If your cancellation notice includes cancellation of the TMA 2008 exam section. Individuals may only sit for the CTP exam after their Spring Conference, please note that the conference cancellation policies application for certification has been accepted and approved by the detailed on page 11 will apply to the conference portion of your regis- Standards Committee and their application fee has been received. tration. The policies above will apply to the courses and exams. TMA’s An application for certification may be printed fromwww.actp.org. conference policy regarding one cancellation processing fee for the total Please use the registration form in this brochure to sign up for the of all registered events will not apply if one or more of those registered exam(s). Note that the certification application fee may not be paid events includes a certification course or exam. using the registration form in this brochure.

 Recreational Activities

Golf Clinic and Tournament tournament participation. Because TMA maintains a waiting list for this event, the association will not hold space for this event (meaning that Thursday, March 27 TMA will not reserve a tennis space unless the name of a registered at- $275/person tendee is provided). Space in the tennis tournament is limited. Individuals may register on a 10:00 a.m. – Check-in begins first-come, first-served basis, and TMA will maintain a waiting list for this 10:30 a.m. – Golf clinic event. If you are on the waiting list, TMA will process the tournament 11:30 a.m. – Boxed lunches/Warm up registration fees. If the event is still sold out at the time of play, TMA 12:30 p.m. – Shotgun start will reimburse your tennis tournament registration fees in full. Please 6:00 p.m. – Prizes carefully review the cancellation and substitution policies further in this brochure for complete details about canceling or substituting for the tennis Courtesy Orlando/Orange County Orlando/Orange Courtesy Bureau Visitors and Convention Join your colleagues on the course at the tournament. Grande Lakes resort for TMA’s golf clinic, led by Ritz Carlton golf profes- sionals, and tournament. Range balls, boxed lunches and the beverage cart during play are included in the registration fee. Prizes will be awarded at Professional Women’s the completion of play. If you require golf club rental, please complete the appropriate portion of the registration form. TMA will place the rental Networking Group order; attendees are responsible for full payment on the day of the tourna- Luncheon ment. Golf club rental is $75; golf shoe rental is $25. Thursday, March 27, 1:00 p.m. - 3:00 p.m. You must be a registered attendee of the 2008 Spring Conference to $50/person participate in the golf tournament. Please use the form in this brochure Join your colleagues on the DaVinci Terrace for an afternoon of networking to register. On the form, you may indicate individuals with whom you wish and relaxation. Buffet lunch and beverages are included in the registration to play, and TMA will do its best to accommodate your request. If you fee. You must be a registered attendee of the 2008 Spring Conference to purchase more than one golf tournament registration, you must indicate participate in this event. Please use the form in this brochure to register. the names of those for whom you are purchasing tournament participa- tion. Because TMA maintains a waiting list for this event, the association will not hold space for this event (meaning that TMA will not reserve a Diversity reception golf space unless the name of a registered attendee is provided). Thursday, March 27, 6:00 p.m. – 7:00 p.m. Space in the golf tournament is limited. Individuals may register on a The TMA Diversity Subcommittee invites young professionals, women first-come, first-served basis, and TMA will maintain a waiting list for this and minorities to attend a reception in their honor. Expand your network event. If you are on the waiting list, TMA will process the tournament with other TMA professionals and peers who have similar interests and registration fees. If the event is still sold out at the time of play, TMA will experiences as you by attending this reception. This reception is included reimburse your golf tournament registration fees in full. Please carefully re- in your conference registration fee. view the cancellation and substitution policies further in this brochure for complete details about canceling or substituting for the golf tournament. The course at the Grande Lakes resort requires collared/mock short sleeve shirts, Bermuda length shorts or non-denim trousers and non-metal or any flat rubber soled shoes. Women may wear sleeveless shirts. No denim Questions of any kind is allowed. Executive Director Event sponsorship, Golf clinic and tournament sponsor Linda Delgadillo, CAE Cornerstone program 1-312-578-6900 Joe Karel • Beverage cart sponsor—Great American Group [email protected] 1-312-242-6039 [email protected] Conference registration, Mixed Round Robin Tennis substitution, cancellation Press Tournament Catherine Cram Cecilia Green, CAE, APR Thursday, March 27, 1:30 p.m. (boxed lunch at 1:00 p.m.) 1-312-242-6036 1-312-242-6031 [email protected] [email protected] $75/person Join your colleagues at the Grande Lakes Tennis Center for the mixed Overall conference, Chapter relations round robin tennis tournament. Attendees must be present by 1:15 p.m. speakers, awards Michael McCarthy, CAE Boxed lunch is included in the tournament fee and will be served prior to Laura Ivaldi 1-312-242-6038 the tournament. Appropriate tennis attire and shoes are required. Rac- 1-312-242-6030 [email protected] quets may be rented for $5/day; rental should be arranged directly through [email protected] Membership the tennis center. Tennis balls may be purchased in sets of three for $5/set. Certification program Mary Carravallah You must be a registered attendee of the 2008 Spring Conference to Nicole Gibby 1-312-242-6040 participate in the tennis tournament. Please use the form in this brochure 1-312-242-6034 [email protected] to register. If you purchase more than one tennis tournament registra- [email protected] tion, you must indicate the names of those for whom you are purchasing

 Destination Orlando

hough best known for its unrivaled collection of theme parks, regional attractions are listed here. For more information about the Orlando is a world-class destination that offers unique natural, Orlando area, including discounted admission to many area attractions, cultural and heritage attractions that will change the way you please visit www.orlandoinfo.com or call the Orlando/Orange County Tthink about this family-friendly city. Some suggested local and Convention and Visitor’s Bureau at 1-877-460-6849. The Morse Museum The Orlando of American Art Science Center houses the world’s most offers four floors of comprehensive collection hands-on, interactive of the works of Louis exhibits with ten highly Comfort Tiffany, including themed exhibition halls. the chapel interior he For more information, designed for the 1893 World’s visit www.osc.org. County Orlando/Orange courtesy Photos Bureau Visitors and Convention Columbian Exposition. For more information, visit The Mall at Millenia features a www.morsemuseum.org. wide variety of shops, including Tiffany, Bloomingdale’s, Neiman Marcus, Macy’s, Chanel, Gucci and Hugo Boss, Kennedy Space Center, to name a few. For more information, NASA’s gateway to the universe, visit www.mallatmillenia.com. is the only place on Earth where you can tour launch areas, meet an astronaut, see giant rockets, Universal’s Islands of train in spaceflight simulators, Adventure is home to the and even view a launch. Don’t world’s most cutting-edge rides, miss the astronaut hall of fame, attractions and interactive the world’s largest collection of shows. You’ll discover fantastic personal memorabilia and realistic new worlds and unparalleled astronaut training simulators. adventure on five amazing For more information, visit islands. For more information, www.kennedyspacecenter.com. visit www.universalorlando.com.

About Grande Lakes Grande Lakes Orlando comprises two magnificent hotels with  The Ritz-Carlton Golf Club shared amenities—The Ritz Carlton and the JW Marriott. provides a challenging and The resort is an extraordinary oasis of stellar recreation and beautiful 18-hole, par-72 Greg sophisticated style set against stunning European architecture. Norman Signature Golf Resort features include: course with wide fairways,  The Ritz-Carlton Spa offers full-service spa treatments with 40 strategically placed hazards, private treatment rooms, an outdoor heated lap pool and healing generous landing areas and waters, a full service salon and a wellness center. Discover the subtly contoured greens. The healing powers of citrus-inspired beauty treatments amid a lush unique Golf Caddie Concierge garden landscape. Program provides a caddie concierge to accompany each group and assist the players in many ways.  Dining: Experience a wealth of dining options throughout the resort. Let the exquisite tastes of Tuscany delight your palate at Primo or sample “New World” creations at Norman’s. Or, enjoy poolside al-fresco dining. For complete details about the resort and its many amenities, please visit www.grandelakes.com.  General Information Registration Fees Registration List Unless otherwise indicated, registration fees include educational sessions, To ensure your inclusion on the registration list that is distributed on-site, meals and social functions. Conference events are not prorated. To your registration form, with payment, must be received at TMA’s Interna- attend any portion of the conference, you must register for the entire tional Headquarters by 5:00 p.m. CST on Friday, March 14, 2008. TMA conference at the appropriate registration fee as indicated on the reg- cannot guarantee that individuals who submit registration forms after this istration form on page 15. The registration fee allows admission for one date will be included on the registration list. individual only. Registrations may not be shared. Each registered attendee will receive a name badge at the conference that must be worn for admit- tance into all educational sessions, meals and social functions. Registration Questions Registration questions may be directed to Catherine Cram at 1-312-242- Registration Categories 6036 or [email protected]. • The member registration fee is for current, active TMA members only. Please note that TMA membership is on an individual basis. Unless Drink Tickets otherwise appropriate as defined below, all other attendees will be charged Each registered attendee and registered spouse/guest of the 2008 Spring the nonmember fee. If it comes to be that an individual registers at the Conference will receive four complimentary drink tickets with their member rate, but TMA has no membership record, the individual will be registration materials. These tickets are for use at the Opening Reception charged the nonmember fee unless s/he can produce proof of membership. on Thursday, March 27 and the Cocktail Reception on Friday, March 28. • For the full-time academic/government employee fee, a full-time These tickets are for alcoholic beverages only (beer, wine, and liquor). Soft academic is defined as a student enrolled in at least 12 credit hours per drinks, juices and water are available at no charge. The bars at these recep- term at an accredited university or an instructor employed on a full-time tions will not accept cash. Additional drink tickets may be purchased at the basis by an accredited university. If you register at this rate, please submit TMA registration desk for $25 per book of four tickets. Drink tickets are appropriate documentation with your registration form. not required at any other events. • Spouse/guest registration fees are for family members, friends and/or non-industry related individuals. Neither TMA members nor individuals Attire who practice in the corporate renewal industry but are not TMA members • Educational Sessions and Social Functions: Casual (cotton pants, polo- are eligible for this rate. Spouse/guest registration includes entrance to all type shirts, slacks, skirts) meals and social functions. Spouses/guests will receive a name badge at • Golf: The course at the Grande Lakes resort requires collared/mock the conference that must be worn for admittance into all meal and social short sleeve shirts, Bermuda length shorts or non-denim trousers and events. Meals and social functions are not available on a pro-rated basis. non-metal or any flat rubber soled shoes. Women may wear sleeveless To attend any of the sessions included in this registration fee, a spouse/ shirts. No denim of any kind is allowed. guest must be registered at the full rate indicated on page 15. • Tennis: Appropriate tennis attire is requested. • On-site registration for all members, nonmembers and full-time academics/government employees will be subject to an additional $145 fee (added to the post-February 29 rates). Registration fees are indicated on page 15 of this brochure. Hotel Information Submitting Your Registration To reserve a room at the Ritz Carlton Grande Lakes, call 800- Registration forms must be mailed or faxed to TMA per the contact infor- 682-3665 or 407-206-2400. Mention Turnaround Management mation on the registration form on page 15. You may also register on-line at Association to receive the specially negotiated room rate of www.turnaround.org. Phone registration is not accepted. Registrations are $319/night single occupancy or $339/night double occupancy. not considered complete until payment is received. Individuals who regis- This rate is only available through Wednesday, February 20, ter at the early rate but fail to provide payment before the February 29, 2008. TMA cannot guarantee that the room block or hotel 2008, deadline will be charged the regular registration fee. Please note will not sell out before then. Please make your reservation that payment must be received, not postmarked, by February 29. Postmarks soon. will not be considered. The Ritz Carlton Grande Lakes is located at 4012 Central Registered attendees will receive confirmation of their registration by Florida Parkway, Orlando, FL 32837. The guest fax number is e-mail. Please carefully review this confirmation notice for accuracy and please print a copy for your records. Changes must be submitted in writing by fax 407-206-2401. to 1-312-578-8336 or e-mail to Catherine Cram at [email protected]. TMA requires that a conference registration form (including Only on-site registration forms will be accepted after March 19, 2008. payment) be received within ten business days of making a TMA will not accept any registration forms in advance of the conference hotel reservation. TMA reserves the right to terminate the after March 19, 2008. Please note that there is a $100 on-site surcharge hotel reservation of any individual who does not comply with for certain registration categories. Please consider submitting your regis- this policy. tration prior to March 19, 2008.

10 Cancellation and Substitution Policies

 Policies regarding the certification program are detailed on page 7. Cancellation Policy registration and individual event registration (2) below for recreational activi- ties and (3) previously in the brochure for the certification program. Notification of cancellation must be submitted in writing (e-mail is acceptable). • Individual Event(s) Substitution: Substitutions are allowed for individual Cancellations will not be reviewed or processed until they are received in writ- registration options provided that the substitute is a member of the same firm ing. Phone cancellations are not accepted. as the original registrant and is a registered attendee of the 2008 Spring Con- Cancellations received on or before Wednesday, March 12, 2008, will be ference. In the case of a spouse/guest substitution, the new registrant must refunded as follows: be a spouse/guest of a member of the same firm (spouse/guest registration is • Entire Conference Cancellation: Attendee will receive a refund for the total transferable within the same firm). cost of conference registration and additional individual events (e.g., advanced education session) less a $195 processing fee. If the cancellation also includes cancellation of a spouse/guest and events that s/he registered for, the refund Recreational Activities will be for the total of all registrations less the $195 processing fee. Cancellation Policy • Individual Spouse/Guest Cancellation: Attendee will receive a refund for Notification of recreational activity cancellation must be submitted in writing. the total cost of spouse/guest registration and any additional events that the Cancellations will not be reviewed or processed until they are received in spouse/guest registered for (i.e., tennis tournament) less a $100 processing fee. writing. Phone cancellations are not accepted. • Advanced Educational Session: Attendee will receive a refund for the total cost of the session less a $25 processing fee. Golf Tournament Cancellations received after Wednesday, March 12, 2008, will not be re- funded. This includes entire conference registration, spouse/guest registration Refund policies and/or individual event(s) fees. After March 12, 2008, individual events will Cancellations received prior to Wednesday, March 12, 2008, will be refunded not be refunded regardless of whether or not the registrant still attends the less a $195 processing fee for entire conference registration, including the golf entire conference. TMA does not issue credits for future conferences. tournament, or a $50 processing fee for golf tournament cancellation only. Can- Please note that if you register for the conference after these cancellation cellations received after Wednesday, March 12, 2008, will not be refunded. dates have passed, you will not be eligible for any type of refund or credit should you need to cancel your registration. These cancellation policies apply Substitution policies to all registrants regardless of when the registration form is submitted. Space is limited for the golf tournament. TMA will maintain a waiting list once Please note that refunds will be issued after the conference, no later than all spaces in the tournament have been filled. If at the time your substitution April 25, 2008. notice is received, a waiting list exists, TMA will not accept a substitute player in consideration of those individuals on the waiting list. The original registra- Substitution Policy tion will be treated as a cancellation and the cancellation policy above will apply for the golf tournament portion of your registration. If no waiting list exists at Substitutions are permitted at any time. Substitutions must be submit- the time your substitution notice is received, you may send a substitute player ted in writing (e-mail is acceptable). Substitutions will not be reviewed or in your place. The substitute must be from the same firm and must be a regis- processed until they are received in writing. Phone substitutions are not tered attendee of the 2008 Spring Conference. Please contact Catherine Cram accepted. The substitute must be from the same firm as the original registrant, at or 312-242-6036 for further details. and the substitution notice must contain accurate contact information for the [email protected] new registrant; otherwise, TMA cannot guarantee an accurate listing on the registration list. However, please note that substitutions made after March 14, Tennis Tournament and 2008, may not be reflected on the registration list per the registration list policy Women’s Group Luncheon previously stated. Substitutions must be of the same registration category (i.e., member, academic); otherwise, the substitute will be invoiced for the difference The same policies detailed above for the golf tournament also apply to the ten- in registration fee. nis tournament and women’s group luncheon. The only difference is the cancel- • Entire Conference Substitution: Substitution of an entire conference lation processing fee, which is $195 for overall conference registration, including registration includes any additional educational events and/or recre- the tennis tournament and/or women’s group luncheon, or $25 for individual ational activities indicated on the original registration form, including cancellation of the tennis tournament or women’s group luncheon only. spouse/guest registration. If the substitute does not wish to utilize these Registrants who fail to attend the conference and do not notify TMA in ac- events/registrations, refunds will be issued in accordance with the policies cordance with these policies and deadlines are responsible for full payment. detailed (1) previously on this page for full conference and spouse/guest

onference materials sponsors • Versa Capital Management, Inc. (conference bags) provide financial support for TMA • Skadden, Arps, Slate, Meagher & Flom LLP (program book) Cinternational conferences. In • Berger Singerman P. A. (program book) addition to those sponsors listed in the • SB Capital Group LLC (pocket agenda) agenda, the following sponsors have also • Republic Financial Corporation (lanyards) generously provided support for the TMA • Matrix Capital Markets Group (The Wall Street Journal room drop) 2008 Spring Conference. • Blake, Cassels & Graydon LLP (The Wall Street Journal room drop) • Mesirow Financial Consulting, LLC (room keys) 11 Cornerstone 15 Campaign Donors

Abacus Advisors Group LLC Executive Sounding Board Penn Hudson Financial Group LLC AccuVal Associates, Inc. Associates Inc. Phelps Consulting Group American Management Advisors Inc. Fennemore Craig, P. C. Prime Locations LLC Anderson Bauman Tourtellot Vos First American Corp. - UCC Division Quarles & Brady LLP Andrew M. Toft, Attorney at Law Focus Management Group Quest Turnaround Advisors, LLC ARG Recovery, LLC Forman Holt Eliades & Ravin LLC RAS Management Advisors, Inc. Atlas Partners, LLC FTI Consulting, Inc. RCS Real Estate Advisors Bank of America Business Capital Getzler Henrich & Associates LLC Republic Financial Corporation Bankers Advocate Group Gordon Brothers Group, LLC Rhone Group Advisors BBK Grant Thornton LLP Riemer & Braunstein LLP Beane Associates, Inc. Harney Partners LLC RJ Reuter Business Consulting Bederson & Co., LLP Health Capital Investors, Inc. Rochelle, Hutcheson & Bond, Schoeneck & King, PLLC Huron Consulting Group McCullough, LLP Buccino & Associates, Inc. Jager Smith P. C. Ruskin Moscou Faltischek, P. C. Cadwalader, Wickersham & Taft LLP JPMorgan Chase & Co. San Filippo & Associates, LLC Cairncross & Hempelmann, P. S. KPS Special Situations Funds SB Capital Group, LLC CapitalSource Kugman Associates The Scotland Group, Inc. Cedar Croft Consulting Lake Pointe Partners, LLC Sullivan & Worcester LLP Continental Advisory Services, LLC Lisa M. Poulin, CTP Treadstone Partners, LLC Conway MacKenzie & Dunleavy The Meridian Group Trimingham Inc. Cooley Godward Kronish LLP Meriturn Partners, LLC Tucker Arensberg, P. C. The Daley-Hodkin Group Mesirow Financial Consulting, LLC Wachovia Capital Finance Deloitte Financial Advisory Midwest Business Capital White Oak Group Services LLP Morris-Anderson & Associates, Ltd. Windham Professionals, Inc. DLA Piper US LLP NachmanHaysBrownstein, Inc. Winston & Strawn LLP DrinkerBiddleGardnerCarton Northern Healthcare Capital, LLC Wiss & Company, LLP Paul Hastings Janofsky & Walker LLP XRoads Solutions Group Ground Transportation The Ritz Carlton Grande Lakes is approximately 12 miles from Orlando International Airport (MCO). Taxicab service reservation is not required. Sedans are readily available at the front Taxicabs are available on level one of Orlando International Airport. entrance of the hotel. Contact Mears Transportation at 1-407-423-5566 or Taxicab fare to the Ritz Carlton is approximately $35-$45, with a travel 1-407-843-2404, or visit www.mearstransportation.com, for reservations. time of approximately 20 minutes, depending on traffic. Note that while taxicabs are readily available at the airport, they are not readily available at Driving from Orlando International the resort. Contact Mears Transportation at 1-407-423-5566 or 1-407-843- Airport to the Ritz Carlton 2404, or visit www.mearstransportation.com, for more information. Go north on Airport Boulevard W to the 528 W exit. There will be a toll (currently $1.25). Follow 528 W to Exit 3/John Young Parkway South. Shuttle service Turn left onto John Young Parkway. Turn right onto Central Florida Park- Mears Shuttle Service provides service between Orlando International way. Turn left into the main gate of the hotel. Airport and the Ritz Carlton. Shuttles depart on a first-come, first-served basis from level one of Orlando International Airport every 20-30 minutes. Parking at the Ritz Carlton Shuttle cost is $19 each way or $32 roundtrip. Reservations are not re- Valet parking is available for $20/night with unlimited in/out service. Self- quired for service from the airport to the Ritz Carlton but are required for parking is available for visitors and guests of the hotel for $12/day. service from the Ritz Carlton to the airport. Please note that reservations from the hotel to the airport require a departure time at least three hours Car rental prior to scheduled flight departure time. Reservations can be made by call- If you plan to rent a car in the Orlando area, please note that TMA mem- ing 1-407-423-5566 or 1-407-843-2404, or at www.mearstransportation.com. bers may receive as much as ten percent off regular car rental rates from Avis. For more information, call Avis at (800) 331-1212. Individuals calling Sedan service from outside the United States may find the appropriate phone number for Mears Shuttle Service provides town car service to and from the airport. the country from which they are calling by visiting www.avis.com and select- Travel time is approximately 20 minutes, depending on traffic. Cost from ing Customer Service/Worldwide Reservations Phone Numbers. Mention the airport to the hotel is $60 and an advance reservation is required. identification number V368995 to the telephone agent to take advantage of Sedans depart from level one of Orlando International Airport. Cost for this TMA member discount. sedan service from the hotel to the airport is a flat rate of $45; advance 12 Cornerstone Program Donors

Cornerstone Capital Associates & Consultants Corp. Health Capital Investors, Inc. Donors Aurora Management Partners Inc. The Hilco Organization Bank of America Business Capital Bear Stearns & Co. Hill & Gertner Capital Corporation Gordon Brothers Group, LLC The Belet Group, Inc./ Houlihan Lokey Howard and Zukin Huron Consulting Group Belet Acquisitions, Inc. HSG Services Inc. Blank Rome LLP Jager Smith P. C. Cornerstone Donors Carl Marks Advisory Group LLC Joe Foster Real Estate Advisors CIT Conway MacKenzie & Dunleavy KBK Financial, Inc. Leadership Donors FINOVA Capital Corporation KPS Special Situations Funds BBK Horizon Management Inc. Lain Faulkner & Co. Deloitte Financial Advisory JPMorgan Chase & Co. LBC Credit Partners, Inc. Services LLP Kugman Associates Lisa M. Poulin, CTP DrinkerBiddleGardnerCarton The Nassi Group, LLC McShane Group Realization Services, Inc. National City Capital Markets Mehmco Financial Services Inc. Skadden, Arps, Slate, Meagher & Philip + Company, Inc. The Meridian Group Flom LLP RCS Real Estate Advisors Meriturn Partners, LLC Sustaining Donors San Filippo & Associates Michael Fox International Inc. Schulte Roth & Zabel LLP Midwest Business Capital Abacus Advisors Group LLC Wells Fargo Bank, N. A. Miles & Stockbridge P. C. Anderson Bauman Tourtellot Vos Wells Fargo Retail Finance Modesitt Associates, Inc. Bank of America Commercial Finance The Nauset Group, Inc. Cooley Godward Kronish LLP Supporter Donors Northern Healthcare Capital, LLC DoveBid Valuation Services AccuVal Associates, Inc. The Parkland Group, Inc. Executive Sounding Board Allomet Partners, Ltd. Paul Hastings Janofsky & Walker LLP Associates Inc. American Management Advisors, Inc. Penn Hudson Financial Group, LLC Mesirow Financial Consulting, LLC Andrew M. Toft, Attorney at Law Phelps Consulting Group Morris-Anderson & Associates, Ltd. ARG Recovery, LLC Phoenix Advisors & Collections, Inc. NachmanHaysBrownstein, Inc. Bankers Advocate Group Phoenix Management Services, Inc. Prime Locations LLC Beane Associates, Inc. Project Executive Group, Inc. The Scotland Group, Inc. Bederson & Co. LLP Protiviti Wachovia Capital Finance Bond, Schoeneck & King PLLC Quest Turnaround Advisors, LLC Wells Fargo Business Credit, Inc. Cairncross & Hempelmann, P. S. Renaissance Partners, L. C. Caledonia Group Inc. Benefactor Donors Republic Financial Corporation Capital Restoration, LLC AEG Partners, LLC Rhone Group Advisors CapitalSource AlixPartners, LLC RJ Reuter Business Consulting Cedar Croft Consulting Atlas Partners, LLC Rochelle, Hutcheson & Continental Advisory Services, LLC Buccino & Associates, Inc. McCullough, LLP The Daley-Hodkin Group Cadwalader, Wickersham & Taft LLP RSM McGladrey Dickinson Wright PLLC Corporate Renewal Services, Inc. Ruskin Moscou Faltischek, P. C. DLA Piper US LLP Forman Holt Eliades & Ravin LLC SB Capital Group, LLC EMCC, Inc. FTI Consulting, Inc. Sherman, Lavallee & Associates, LLC Emerald Technology Valuations, LLC JPMorgan Chase & Co. State Securities PLC (United Kingdom) Fennemore Craig, P.C. Lake Pointe Partners, LLC Sterling Supply Co. The Finley Group Quarles & Brady LLP Stout Risius , Inc. First American Corp. - UCC Division RAS Management Advisors, Inc. Strategic Management Partners, Inc. Focus Management Group Riemer & Braunstein LLP Stutman, Treister & Glatt Fort Dearborn Partners, Inc. Trimingham, Inc. Sullivan & Worcester LLP Getzler Henrich & Associates LLC Wells Fargo Foothill TeamWork Technologies, Inc. Gibson, Dunn & Crutcher LLP White Oak Group Tono-Bungay Consulting, Inc. Giuliani Capital Advisors LLC XRoads Solutions Group Treadstone Partners, LLC Grant Thornton LLP Tucker Arensberg, P. C. Great American Group Patron Donors Windham Professionals, Inc. Atwell, Curtis & Brooks, Ltd./ Harney Partners LLC Winternitz, Inc. University Management Harvard Turnaround Management Wiss & Company, LLP 13 Conference Sponsors

Special Situations Group

Capital Markets

14 Registration Form

Register on-line at www.turnaround.org. Pre-registration closes on Wednesday, March 19, 2008. On-site registration is subject to a surcharge. Be sure to make your hotel reservation. Contact the Ritz Carlton Grande Lakes at 800-682-3665 or 407-206-2400. Mention Turnaround Man- agement Association to receive the reduced room rate of $319/night single occupancy or $339/night double occupancy. This rate is only available through Wednesday, February 20, 2008. Please see Hotel Information on page 10 for details. Full name ______Goes by/nickname (for badge) ______Company ______Address ______City ______State ______Zip ______Phone/Fax ______E-mail ______ First-time attendee at a Spring Conference Registration Fees On or before 2/29/08 After 2/29/08  Member $ 595 $ 645  Nonmember $ 795 $ 845 Join TMA or renew 2008 dues  Full-time Academic/Government Employee $ 375 $ 400  $275  Spouse/Guest Registration $ 325 $ 325 Join or renew now and register  Advanced Educational Session $ 95 $ 95 at the member rate. Please complete the following required information if you have registered a spouse or guest. Full name ______Goes by ______City, State ______Certification Sessions  $400 Management Body of Knowledge Course  $250 Accounting & Finance Exam  $400 Accounting & Finance Body of Knowledge Course  $250 Management Exam  $400 Law Body of Knowledge Course  $250 Law Exam Course binder shipping surcharges Within the United States:  $35 for one binder  $45 for two binders  $55 for three binders Outside the United States:  $70 for one binder  $90 for two binders  $110 for three binders Recreational Activities  Tennis tournament—$75/person Quantity ______Additional registrant(s) ______Your ability level:  Advanced  Intermediate  Beginner Additional registrant’s ability level:  Advanced  Intermediate  Beginner  Golf tournament—$275/person Quantity ______Additional registrant(s) ______Your handicap ______Additional registrant’s handicap ______Golf club rental needed?  Yes  No Quantity ______ Left Handed  Right Handed Pairing request ______ Professional Women’s Networking Group Luncheon—$50/person Quantity ______Payment  Check enclosed (payable in U. S. funds to Turnaround Management Association)  Visa  MasterCard  American Express Credit card number ______Expiration date ______Printed name on credit card ______Signature ______Total amount paid $ ______ Special needs •r ______Mail or fax your completed registration form to: Turnaround Management Association, 150 South Wacker Drive, Suite 900, Chicago, IL 60606 • Fax: 1-312-578-8336 15 Turnaround Management Association 150 South Wacker Drive ‑ Suite 900 Chicago, Illinois 60606 www.turnaround.org

2008 TMA Spring Conference March 27- 29 Ritz Carlton Grande Lakes ≈ Orlando, Florida