Alvarez & Marsal Expands Southeast Restructuring Practice to Vienna, VA Office; Long-Time Managing Director Mark A. Roberts Relocates from Phoenix to Lead Group's Expansion.

VIENNA, Va. -- Alvarez & Marsal, the independent, privately-held global professional services firm, announced that Mark A. Roberts, a managing director and veteran turnaround professional, has relocated from Phoenix to the firm's Vienna, VA office, where he will lead the expansion of the Southeast Regional Restructuring practice to the Mid-Atlantic area. In addition to Vienna, A&M's Southeast Region includes offices in Atlanta, Miami and Charlotte.

Mr. Roberts, who has been with A&M for five years and has more than 16 years of industry and consulting experience, specializes in the development of operational and financial strategies for corporate turnarounds and bankruptcy restructurings, and has advised numerous clients in pre-bankruptcy and post-bankruptcy scenarios. He also provides operational due diligence and business plan development services, fiduciary services, as well as litigation support and testimony and analysis for complex bankruptcies and other legal matters.

"Mark is a seasoned turnaround professional whose experience and knowledge have been invaluable to the firm," said Bill Runge, co-head of the Southeast Region. "His location in Northern Virginia is a testament to the firm's commitment to best serve our core middle-market clients in the Southeast Region, and beyond."

Mr. Roberts is currently serving as the chief restructuring advisor for a $500 million manufacturing company located in the Mid-Atlantic area of the United States. Throughout the course of his career, he has served as lead advisor or executive management of numerous engagements spanning a variety of industries, including service, restaurant and hospitality, real estate and resort, manufacturing, retail, construction, long-term healthcare and technology.

Alvarez & Marsal

Founded in 1983, Alvarez & Marsal (A&M) is the leading independent global professional services firm, specializing in providing performance improvement, turnaround management and corporate advisory services, with professionals based in locations across the US, Europe, Asia, and Latin America. Drawing on a strong operational heritage and hands-on approach, the firm's professionals work closely with organizations and stakeholders to help tackle complex business issues and maximize value. In recognition of its work with Warnaco, Inc. and Spiegel Inc., A&M received the Turnaround Management Association's "Turnaround of the Year" award in 2003 and 2005, respectively.

In addition to Performance Improvement, Turnaround Management, Crisis and Interim Management and Creditor Advisory Services, Alvarez & Marsal offers a range of integrated professional services including Transaction Advisory, Corporate Finance, Dispute Analysis and Forensics, Tax Advisory, Business Consulting, and Real Estate Advisory. For more information about Alvarez & Marsal, visit www.alvarezandmarsal.com or contact: Chief Marketing Officer Rebecca Baker at [phone], or e-mail [e-mail].