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Spring Conference 2008 Ritz Carlton Grande Lakes Orlando, Florida The Reckoning Corporate Renewal Opportunities in Times of Global Uncertainty March 27-29* *March 26-27: TMA Corporate Governance Meetings

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Page 1: The Reckoning - goodmans.ca Reckoning.pdf · Consistent with TMA’s mission to provide timely and relevant education to its members, The Reckoning will feature keynote speakers and

Spring Conference2008

Ritz Carlton Grande LakesOrlando, Florida

The Reckoning Corporate Renewal Opportunities in Times of Global Uncertainty

March 27-29**�March�26-27:�TMA�Corporate��

Governance�Meetings

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Who should attend?The 2008 Spring Conference is a must for all industry professionals, including practitioners, lenders, attorneys, investors, appraisers, liquidators, auctioneers, financial planners and interim corporate managers.

About the Turnaround Management AssociationTurnaround Management Association (TMA) is the premier professional community dedicated to corporate renewal and turnaround management. With international headquarters in Chicago, TMA ’s nearly 8,000 members in 43 regional chapters comprise a profes-sional community of turnaround practitioners, attorneys, accountants, investors, lenders, venture capitalists, appraisers, liquidators, executive recruiters and consultants, as well as academic, government and judicial employees. TMA members adhere to a code of ethics specifying high standards of professionalism, integrity and competence. The Certified Turnaround Professional (CTP) certification program recognizes professional excellence and provides an objective measure of expertise related to workouts, restruc-turings and corporate renewal.

Why you should attendThe 2008 Spring Conference exposes you to a timely education program highlighting the forces driving new economic realities and opportunities for corporate renewal professionals. Conference highlights include: Outstanding keynote speakers, including Andy Card, White House Chief

of Staff (2000-2006); Dr. David E. Altig, senior vice president and director of research, Federal Reserve Bank of Atlanta; and Pat Williams, Senior Vice President of the Orlando Magic Insightful general sessions on topics including residential homebuilding,

mortgage lending, offshore hedge funds and Chapter 15s, private equity sponsors and health care providers, as well as potential new matters such as structured investment vehicles, CLOs, CDOs, sovereign investment funds and municipal bankruptcies Networking events such as golf and tennis tournaments and numerous

meals, receptions and coffee breaks, bringing you together with colleagues from around the world

On 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 Lakes 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 Reckoning will feature keynote speakers and expert panelists from North America and around the world discussing the forces driving the new economic reality—residential homebuilding, mortgage lending, offshore hedge funds and Chapter 15s, private equity sponsors and health care providers, as well as potential new matters such as structured investment vehicles, CLOs, CDOs, sovereign investment funds and municipal bankruptcies.

The Reckoning’s prominent keynote speakers include Andrew Card, former White House Chief of Staff and U.S. Secretary of Transportation, who will open the conference on Friday morning, and Pat Williams, senior vice president of the NBA’s Orlando Magic and one of America’s top motivational and inspirational speakers, who is Friday’s featured dinner speaker. 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 Reckoning is 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.

The Reckoning

Frank R. Mack, CTPConway MacKenzie & Dunleavy

ChairmanTMA 2008 Spring Conference

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Monday, March 249:00 a.m. – 4:00 p.m. CTP Accounting & Finance course*4:30 p.m. – 7:00 p.m. CTP Accounting & Finance exam*

Tuesday, March 258:00 a.m. – 3:00 p.m. CTP Management course*3:30 p.m. – 7:00 p.m. CTP Management exam*

Wednesday, March 269:00 a.m. – 11:00 a.m. Certification Oversight Committee meeting9:00 a.m. – 4:00 p.m. CTP Law course*11:00 a.m. – 1:00 p.m. Executive Committee meeting1:00 p.m. – 2:00 p.m. Board of Directors/Certification Oversight

Committee lunch3:00 p.m. – 5:00 p.m. Board of Directors meeting 4:30 p.m. – 7:00 p.m. CTP Law exam*

Thursday, March 278:00 a.m. – 10:00 a.m. Chapter Presidents meeting9:00 a.m. – 8:30 p.m. Registration desk open 10:00 a.m. Golf Clinic and Tournament* Refreshment carts Co-sponsored in part by Great American Group (please see page 8 for complete timing and event details)1:00 p.m. – 3:00 p.m. Professional Women’s Networking Group

luncheon* Co-sponsored by Fennemore Craig, P. C. and

Quarles & Brady LLP1:30 p.m. Tennis Tournament* Sponsored by Melville Capital Life Settlements 6:00 p.m. – 7:00 p.m. Diversity reception7:00 p.m. – 8:30 p.m. Opening reception Co-sponsored in part by Hunt Special Situations

Group, L.P. and Winston & Strawn LLP

Friday, March 287:00 a.m. – 7:30 p.m. Registration desk open7:30 a.m. – 8:00 a.m. Continental breakfast Co-sponsored by McDonald Hopkins LLC and

Medallion Business Credit8:00 a.m. – 9:15 a.m. Conference opening and keynote

presentation by Andrew H. Card Jr., Former White House Chief of Staff

Co-sponsored in part by Conway MacKenzie & Dunleavy and LBC Credit Partners

9:15 a.m. – 10:30 a.m. “Recent Trends in Distressed M&A”10:30 a.m. – 11:00 a.m. Coffee break Co-sponsored by Atlas Partners, LLC and Bond

Schoeneck & King LLC

Conference Agenda11:00 a.m. – 12:15 p.m. CONCURRENT SESSION A •A1: “When Did Healthcare Become Hot?” •A2: “ International Trends: Global Financial

Markets”12:15 p.m. – 1:15 p.m. Lunch service1:30 p.m. – 2:15 p.m. Keynote presentation by Dr. David E. Altig,

Federal Reserve Bank of Atlanta Lunch and keynote presentation co-sponsored by

CIT Corporate Finance-National Restructuring Group and Executive Sounding Board Associates Inc.

2:15 p.m. – 3:30 p.m. CONCURRENT SESSION B •B1: “ Subprime Mortgages—The Fallout

Continues: Observations and Case Studies”

•B2: “ Bankruptcy Beyond Borders: From Hedge Funds to Herbal Supplements—Why Chapter 15 Matters to You”

3:30 p.m. – 4:00 p.m. Coffee break Sponsored by National City Capital Markets4:00 p.m. – 5:30 p.m. Advanced Educational Session: “An

Entrepreneur’s Ride Through the American Bicycle Industry”*

6:30 p.m. – 7:30 p.m. Cocktail reception Co-sponsored in part by Accord Financial, Inc.,

and GlassRatner Advisory & Capital Group LLC

7:30 p.m. – 9:45 p.m. Dinner, TMA Awards Presentation and Keynote Presentation by Pat Williams, Senior Vice President, Orlando Magic

Saturday, March 298:00 a.m. – 12:00 p.m. Registration desk open8:00 a.m. – 8:45 a.m. Continental breakfast Co-sponsored in part by Industrial Opportunity

Partners9:00 a.m. – 10:15 a.m. “ Global Business Roundtable: A Global

Survival Plan”10:15 a.m. – 10:45 a.m. Coffee break Co-sponsored in part by SAK Management

Services, LLC10:45 a.m. – 12:00 p.m. “ Distressed Real Estate: How Do You Catch a

Falling Knife?”*Additional fee requiredPlease note that private company events may not conflict with any scheduled activity of the TMA 2008 Spring Conference.

Conference Program (excludes Advanced Educational Session) • CPAs—maximum of 7.5 hours of CPE • CTPs—maximum of 7.5 hours of CPE • Attorneys—7.5 hours (50-minute hour) or 6.25 hours (60-minute hour). CLE

applications are pending with individual state bars. TMA cannot guarantee state bar approval. Please visit www.turnaround.org for updates.

Advanced Educational Session • CPE—maximum 1.5 hours • CTPs—maximum 1.5 hours • CLE —1.8 hours (50-minute hour) or 1.5 hours (60-minute hour)

Body of Knowledge Courses • CPE—maximum 6.5 hours • CTPs—maximum 6.5 hours • CLE—upon request, TMA can apply to individual states for the law section

Continuing Education CreditEducational sessions at the 2008 Spring Conference provide an overview and update of topics relevant to the practice of corporate renewal. There is no prerequisite or advance study necessary to attend the 2008 Spring Conference or to qualify for continuing education credit. For information regarding administrative policies such as complaints or refunds, please contact TMA at 1-312-578-6900. The Turnaround Management Association is registered with the National Association of State Boards of Accountancy as a sponsor of continuing profes-sional 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 sponsors may be addressed to The National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417. Website: www.nasba.org.

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On November 26, 2000, Andrew H. Card, Jr., was appointed Chief of Staff in the presidential administra-tion of George W. Bush. Card was chosen because of his impressive service record in the public and private sector. Card was the second-longest serving White House chief of staff. From 1992 until 1993, Card served as the 11th U.S. Secretary of Transportation under

President George Bush. From 1988 to 1992, Card served in President Bush’s Administration as Assistant to the President and Deputy Chief of Staff. He managed the daily operations of the White House staff and participated in the full range of economic, foreign and domestic policy development. Card served in President Reagan’s Administration as Special

Dr. David E. Altig is senior vice president and director of research at the Federal Reserve Bank of Atlanta. In addition to advising the Bank president on monetary policy and related matters, Altig oversees the Bank’s research and public affairs departments and serves as a

member of the Bank’s management and discount committees. Altig is also an adjunct professor of economics in the graduate school of business at the University of Chicago and the Chinese Executive MBA program sponsored

Assistant to the President for Intergovernmental Affairs and subsequently as Deputy Assistant to the President and Director of Intergovernmental Affairs, where he was liaison to governors, statewide elected officials, state legislators, mayors and other elected officials. Previously, Card was General Motors’ Vice President of Government Relations, where he directed the company’s international, national, state and local government affairs activities and represented GM on matters of public policy before Congress and the Administration. From 1993 to 1998, Card was President and CEO of the American Automobile Manufacturers Association (AAMA). Currently, Card is a senior counselor at the global public relations firm Fleischman-Hillard, serving on the international advisory board. He also serves on the board of directors at Union Pacific Corporation.

by the University of Minnesota and Lingnan College of Sun Yat-Sen University. Prior to joining the Atlanta Fed, Altig served as vice president and associate director of research at the Federal Reserve Bank of Cleveland. Before joining the Cleveland Fed, Altig was a faculty member in the department of business economics and public policy at Indiana University. Altig’s research is widely published and primarily focused on monetary and fiscal policy issues. He has also served as editor for several conference volumes on a wide range of macroeconomic and monetary-economic topics.

Friday, March 28, 7:�0 p.m. – 9:45 p.m. (time reflects entire dinner session) Pat Williams—Senior Vice President, Orlando Magic

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

Friday, March 28, 8:00 a.m. – 9:15 a.m.Andrew H. Card Jr.—White House Chief of Staff (2000-2006)

Keynote Speakers

After serving for seven years in the United States Army, Pat Williams spent seven years in the Philadelphia Phillies organization, two as a minor league catcher and five in the front office. He also spent three years in the Minnesota Twins organization. Since 1968, he has been affiliated with teams in Chicago, Atlanta,

and Philadelphia, including the 1983 World Champion 76ers, and now the Orlando Magic, which he co-founded in 1987 and helped lead to the NBA finals in 1995. Twenty-three of his teams have gone to the NBA playoffs and five have made the NBA finals. In 1996, Williams was named as one of the 50 most influential people in NBA history by a national publication. In his

NBA career, Williams drafted Charles Barkley, Shaquille O’Neal, Maurice Cheeks, Andrew Toney and Darryl Dawkins and signed Billy Cunningham, Chuck Daly, and Matt Guokas to their first professional coaching contracts. Nineteen of his former players have become NBA head coaches, and nine have become college head coaches while seven have become assistant NBA coaches. In the last 12 years, Williams has completed 44 marathons, including the Boston Marathon 11 times, and climbed Mt. Rainier. He is a weightlifter, Civil War buff and serious baseball fan. Williams is a member of the Wake Forest Sports Hall of Fame after catching for the Deacon baseball team, including the 1962 Atlantic Coast Conference Championship team. He is also a member of the Delaware Sports Hall of Fame.

Chair:�Frank�R.�Mack,�CTP,�Conway�MacKenzie�&�DunleavyNoel�Boeke,�Holland�&�Knight�LLPJohn�J.�Brignola,�LBC�Credit�PartnersHoward�Brod�Brownstein,�CTP,�NachmanHaysBrownstein�Inc.�Brad�Coulter,�CTP,�O’Keefe�&�Associates�Consulting�LLCGuity�Javid,�Spring�Street�Capital�LLC�Gordon�W.�Johnson,�EM�Advisors�LLCCathy�L.�Reece,�Fennemore�Craig�P.�C.Linc�A.�Rogers,�Blake,�Cassels�&�Graydon�LLPSuzanne�Yoon,�CIT�

Thank you

to the 2008 Spring Conference

Committee

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Friday, March 28, 9:15 a.m.–10:�0 a.m.“Recent Trends in Distressed M&A” Moderator: Michael A. Fixler, CM&D Capital Advisors LLC

Panel: Dean Anderson, American Capital Strategies; Stephen A. Boyko, Proskauer Rose LLP; Christopher Calabrese, LBC Credit Partners; William J. Drmacich, CIT Business Capital; Adam R. Gottlieb, Industrial Opportunity Partners

The general M&A market set record deal volumes over the last couple of years while distressed M&A muddled through a strong economic and credit environment. With a much weaker economic backdrop and tighter credit markets, distressed M&A activity is expected to accelerate. What should distressed M&A participants expect?

• Are deals still getting done in the middle market?

• Are those deals getting done with higher equity contributions?

• How are people dealing with non-fully underwritten deals?

• Difficulties of changing seller expectations

• MAC outs/break up fees

• Lower risk tolerance for lenders; “just get me out” syndrome

• Re-emergence of strict covenants

Given the anticipated increase in distressed M&A activity, this panel will focus on the current state of the M&A and credit markets for distressed transactions.

Concurrent Session AFriday, March 28 11:00 a.m.–12:15 p.m.A1: “ When Did

Healthcare Become Hot?”

Moderator: Suzanne Koenig, SAK Management Services, LLC

Panel: Roberta A. DeAngelis, Executive Office for U. S. Trustees; Carol E. Jendrzey, Cox Smith Matthews Incorporated; Keith J. Shapiro, Greenberg Traurig LLP

Healthcare has been heating up the restructuring industry ahead of all the other areas of business. The challenges of low reimbursement, slow pay and debtors’ ability to manage their cash flow while caring for patients and providing quality care has made for a very tenuous situation. The patient care ombudsman continues to jump through hurdles while explaining to bankruptcy professionals his/her place in the bankruptcy playing field and the relevance of enhancing the debtors’ assets, who are the very patients or residents of the debtor.

Educational SessionsA2: “ International Trends: Global Financial

Markets”Moderator: Brad Coulter, CTP, O’Keefe & Associates Consulting LLC

Panel: Beth Ann Bovino, Standard & Poor’s; Rick S. Chance, KPMG Corporate Finance LLC; James H. Zukin, Houlihan Lokey Howard & Zukin

Economists project a slowdown in global growth in 2008. Given the financially intertwined nature of the global economy today, what are the implications of market corrections and losses in the United States and elsewhere on global credit? Are we heading for a global credit crunch and has unprecedented growth in emerging markets in recent years created bubble effects in some emerging economies that are due for a correction? This panel examines a number of key issues affecting international financial markets, including:

• Strength, stability and vulnerabilities within the international financial system that could foreshadow the next international financial crisis or a global credit crunch

• The effect of U.S. credit woes on international markets, its potential contagion effect, and the impact on global credit and liquidity

• Current hot spots and watch spots for non-performing loans and distressed investing

• Impact on global markets of the emergence of sovereign wealth funds

• Implications of lingering problems in Japan and a potential slowdown in China on world markets

Concurrent Session BFriday, March 28, 2:15 p.m.–�:�0 p.m.B1: “ Subprime Mortgages—The Fallout

Continues: Observations and Case Studies”

Moderator: David W. Wirt, Winston & Strawn LLP

Panel: John Anderson, RBS Greenwich Capital; Timothy R. Coleman, The Blackstone Group; Harry J. Devens, The Bear Companies; Peter S. Partee Sr., Hunton & Williams LLP

As the subprime crisis continues to dominate business and political headlines, industry experts debate the future for the subprime industry and the implications on the lending sector and broader economy as a whole. This panel of experts will discuss topics that include:

• A comparison and contrast between the “consensual” workout of the distressed subprime lender versus a bankruptcy proceeding

• Legal and practical implications respecting valuation issues and collateral realization: debates within the capital structure

• Looking forward: opportunities and potential dangers in the subprime industry for 2008 and predictions on the fallout

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Educational SessionsFriday, March 28, 2:15 p.m.–3:30 p.m.B2: “ Bankruptcy Beyond Borders: From Hedge

Funds to Herbal Supplements—Why Chapter 15 Matters to You”

Moderator: Linc A. Rogers, Blake, Cassels & Graydon LLP

Panel: Jay A. Carfagnini, Goodmans LLP; Alesia Ranney- Marinelli, Skadden, Arps, Slate, Meagher & Flom LLP; Lawrence E. Young, AlixPartners

The principal vehicle through which foreign insolvency proceedings will enter the United States is Chapter 15 of the U.S. Bankruptcy Code. Proceedings commenced under this Chapter will dictate how asset values are maximized, how proceeds of realization are distributed and what role foreign courts will play in determining the rights and interests of U.S. stakeholders. Recent cases in connection with the recognition of foreign proceedings involving the SphinX and Bear Stearns hedge funds demonstrate that Chapter 15 will be at the forefront of some of the most complex, intriguing and ground breaking cases. The panel of leading experts will focus on the implications of the recent cases dealing with failed hedge funds, the MuscleTech Chapter 15 proceedings dealing with mass tort litigation arising from the sale of herbal supplements and the real challenges and opportunities for turnaround professionals in dealing with cross-border insolvency cases.

Friday, March 28, 4:00 p.m.–5:30 p.m.Advanced Educational Session: “ An Entrepreneur’s Ride Through the American Bicycle Industry”

Chris Hornung, Founder and Former CEO, Pacific Cycle$95/person

(conference registration is required to attend this session)

Pacific Cycle, Inc. is a major bicycle manufacturer founded in 1983 and headquartered in Madison, Wisconsin, whose brands include DYNO, GT, InSTEP, Mongoose, Murray, Pacific Outdoors, Powerlite, Roadmaster and Schwinn. Virtually all of these brands were unprofitable and many languished in bankruptcy prior to their acquisition by Pacific Cycle. The first portion of the session describes the process by which these distressed assets were acquired. Second, this session describes the significant changes in marketing, distribution channel management, manufacturing, brand management, operations and market segmentation strategies that Pacific Cycle employed to turnaround these brands. For example, Pacific Cycle is the only bicycle manufacturer to sell different bikes in different channels. Its bicycles are sold by Independent Bicycle Dealers (IBD) and mass merchandisers such as Target, Wal-Mart and The Sports Authority. Collectively, these operational changes built considerable value in what was considered a dead industry. Finally, the session concludes with a discussion of the 2004 acquisition of Pacific Cycle by Dorel Industries.

Saturday, March 29, 9:00 a.m.–10:15 a.m.“ Global Business Roundtable: A Global Survival Plan”

Moderator: Gordon W. Johnson, EM Advisors LLC

Panel: Russell P. Brown, LehmanBrown; Brian Cassady, Black Management Advisors

The global economy slowed slightly in 2007 and is expected to slow further in 2008, due to weaker growth in rich countries and a deepening global credit crunch. With prospects for a recession growing in the U.S. and a weakening dollar, coupled with rising commodity prices and increased market volatility, could the global economy be at a tipping point? This panel of business leaders and investment professionals surveys the current state of investment progress globally and discusses key factors, trends and risks for doing business in a more volatile global economy. The panel will address:

• Comparative perspective on doing business globally and key considerations and risks for investing in emerging markets

• The effect of slowing growth in the U.S. and Europe on emerging market exports and growth

• Convergence and divergence on the globalization track; business survival strategies in a global economy

• The deepening global credit crunch and risk management strategies to cope with more volatile financial markets

• Rise of the BRIC and other emerging market trends, hot spots, not spots and watch spots for distressed investing in emerging markets

Saturday, March 29, 10:45 a.m.–12:00 p.m.“ Distressed Real Estate: How Do You Catch a Falling Knife?”

Moderator: Noel R. Boeke, Holland & Knight LLP

Panel: Ron Glass, GlassRatner Advisory & Capital Group, LLC; Navin N. Nagrani, Hilco Real Estate LLC; Paul S. Singerman, Berger Singerman P.A.; Natalie B. Wilensky, CIT Commercial Finance

It is no secret that the residential real estate market is faced with challenges, and there have been many workouts and bankruptcies associated with the homebuilder/developer segment of the industry. Join an expert group of panelists as they discuss issues related to this troubled industry, as well as the broader affects on commercial real estate. Some highlights of the discussion include:

• What are the economic factors that led to the downturn and subsequent failure of many homebuilders and developers?

• How are these residential restructurings being handled? Reorganizations or liquidations?

• An overview of some of the main issues and pitfalls associated with a homebuilder restructuring

• 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?

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The Certified Turnaround Professional (CTP) designation was launched in 1993 to monitor and maintain a program of certification for professionals engaged in the turn-

around, crisis management, restructuring and renewal of troubled businesses, organizations and associations. The CTP program encourages, measures and recognizes professional excellence and expertise related to workouts, restructurings and corporate renewal. Certification is available to all qualified professionals. Although the examination may be taken before completing other requirements, all standards must be met prior to certification. For more details about the certification program, courses and exams, please visit www.actp.org or contact Manager of Certification Nicole Gibby at [email protected] or 312-242-6034.

All courses and exams listed below will be held at the Ritz Carlton Grande Lakes. Spring Conference registration is not required to register for the courses or exams.

Body of Knowledge (BOK) Courses$400/course

Monday, March 24, 9:00 a.m. – 4:00 p.m. Accounting & Finance

Tuesday, March 25, 8:00 a.m. – 3:00 p.m. Management

Wednesday, March 26, 9:00 a.m. – 4:00 p.m. Law

Taught by a business school professor, attorney and a United States Bankruptcy Judge, the BOK courses are open to all corporate renewal professionals seeking a comprehensive understanding or refresher on turnaround management, as well as for those individuals pursuing the CTP designation.

CTP Certification Exam$250/section

Monday, March 24, 4:30 p.m.–7:00 p.m. Accounting & Finance

Tuesday, March 25, 3:30 p.m.–7:00 p.m. Management

Wednesday, March 26, 4:30 p.m.–7:00 p.m. Law

The CTP exam is based upon a comprehensive body of knowledge covering the areas of accounting & finance, management and law. The times listed above indicate maximum time allowed for each exam section. Individuals may only sit for the CTP exam after their application for certification has been accepted and approved by the Standards Committee and their application fee has been received. An application for certification may be printed from www.actp.org. Please use the registration form in this brochure to sign up for the exam(s). Note that the certification application fee may not be paid using the registration form in this brochure.

CTP Certification ProgramRegistration Policies Body of Knowledge Courses/ExamsRegistration forms must be mailed or faxed. Phone registration is not accepted. Registration is not considered complete until payment is received and processed. Written confirmation of your registra-tion and appropriate course materials will be sent by UPS Ground Service within three business days of receipt of your registration. The confirmation notice will contain complete logistical details. The course materials are an integral part of the course experience and/or exam preparation. To ensure that you are adequately prepared for the course(s) and/or exam(s), you are encouraged to send a registration form in a timeframe that ensures adequate time to receive and review the materials. If you would like to receive the course materials in a timelier manner than UPS Ground Service will allow, please apply the appropriate surcharge to your total amount due. Surcharges are detailed on the registration form on page 15. All payment should be made in U. S. dollars to TMA.

Cancellation/Substitution PoliciesBody of Knowledge (BOK) CoursesNotification of cancellation must be received in writing (e-mail is acceptable). Cancellations will not be reviewed or processed until they are received in writing. Phone cancellation is not accepted. If your written notification of cancellation is received up to ten business days prior to the start of the BOK course, you will be issued a full credit to be used for registration for any BOK course in the next 12-month 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 for registration for any BOK course in the next 12-month period. No refunds will be given.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 in writing. Phone substitution is not accepted. The substitute must be from the same firm as the original registrant, and the substitution notice should include accurate contact information for the substitute registrant.

ExamNotification of cancellation must be received in writing (e-mail is ac-ceptable). Cancellations will not be reviewed or processed until they 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 same exam section in the next 12-month period. Substitutions are not allowed for the exam. If your cancellation notice includes cancellation of the TMA 2008 Spring Conference, please note that the conference cancellation policies detailed on page 11 will apply to the conference portion of your regis-tration. The policies above will apply to the courses and exams. TMA’s conference policy regarding one cancellation processing fee for the total of all registered events will not apply if one or more of those registered events includes a certification course or exam.

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tournament participation. 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 tennis space unless the name of a registered at-tendee is provided).Space in the tennis tournament is limited. Individuals may register on a first-come, first-served basis, and TMA will maintain a waiting list for this event. If you are on the waiting list, TMA will process the tournament registration fees. If the event is still sold out at the time of play, TMA will reimburse your tennis tournament registration fees in full. Please carefully review the cancellation and substitution policies further in this brochure for complete details about canceling or substituting for the tennis tournament.

Professional Women’s Networking Group LuncheonThursday, March 27, 1:00 p.m. - �:00 p.m.$50/personJoin your colleagues on the DaVinci Terrace for an afternoon of networking and relaxation. Buffet lunch and beverages are included in the registration fee. You must be a registered attendee of the 2008 Spring Conference to participate in this event. Please use the form in this brochure to register.

Diversity receptionThursday, March 27, 6:00 p.m. – 7:00 p.m.The TMA Diversity Subcommittee invites young professionals, women and minorities to attend a reception in their honor. Expand your network with other TMA professionals and peers who have similar interests and experiences as you by attending this reception. This reception is included in your conference registration fee.

Golf Clinic and TournamentThursday,�March�27�$275/person

10:00 a.m. – Check-in begins 10:30 a.m. – Golf clinic11:30 a.m. – Boxed lunches/Warm up12:30 p.m. – Shotgun start6:00 p.m. – PrizesJoin your colleagues on the course at the

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 the completion of play. If you require golf club rental, please complete the appropriate portion of the registration form. TMA will place the rental order; attendees are responsible for full payment on the day of the tourna-ment. Golf club rental is $75; golf shoe rental is $25.You must be a registered attendee of the 2008 Spring Conference to participate in the golf tournament. Please use the form in this brochure to register. On the form, you may indicate individuals with whom you wish to play, and TMA will do its best to accommodate your request. If you purchase more than one golf tournament registration, you must indicate 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 golf space unless the name of a registered attendee is provided). Space in the golf tournament is limited. Individuals may register on a first-come, first-served basis, and TMA will maintain a waiting list for this event. If you are on the waiting list, TMA will process the tournament registration fees. If the event is still sold out at the time of play, TMA will reimburse your golf tournament registration fees in full. Please carefully re-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 of any kind is allowed.

Golf clinic and tournament sponsor• Beverage cart sponsor—Great American Group

Mixed Round Robin Tennis TournamentThursday,�March�27,�1:30�p.m. (boxed lunch at 1:00 p.m.)$75/personJoin your colleagues at the Grande Lakes Tennis Center for the mixed round robin tennis tournament. Attendees must be present by 1:15 p.m. Boxed lunch is included in the tournament fee and will be served prior to the tournament. Appropriate tennis attire and shoes are required. Rac-quets may be rented for $5/day; rental should be arranged directly through the tennis center. Tennis balls may be purchased in sets of three for $5/set.You must be a registered attendee of the 2008 Spring Conference to participate in the tennis tournament. Please use the form in this brochure to register. If you purchase more than one tennis tournament registra-tion, you must indicate the names of those for whom you are purchasing

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QuestionsExecutive DirectorLinda Delgadillo, CAE1-312-578-6900 [email protected]

Conference registration, substitution, cancellationCatherine Cram1-312-242-6036 [email protected]

Overall conference, speakers, awardsLaura Ivaldi1-312-242-6030 [email protected]

Certification programNicole Gibby 1-312-242-6034 [email protected]

Event sponsorship, Cornerstone programJoe [email protected]

PressCecilia Green, CAE, APR1-312-242-6031 [email protected]

Chapter relations Michael McCarthy, CAE1-312-242-6038 [email protected]

MembershipMary Carravallah1-312-242-6040 [email protected]

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Destination Orlando

Grande Lakes Orlando comprises two magnificent hotels with shared amenities—The Ritz Carlton and the JW Marriott. The resort is an extraordinary oasis of stellar recreation and sophisticated style set against stunning European architecture. Resort features include:

The Ritz-Carlton Spa offers full-service spa treatments with 40 private treatment rooms, an outdoor heated lap pool and healing waters, a full service salon and a wellness center. Discover the healing powers of citrus-inspired beauty treatments amid a lush garden landscape.

Though best known for its unrivaled collection of theme parks, Orlando is a world-class destination that offers unique natural, cultural and heritage attractions that will change the way you think about this family-friendly city. Some suggested local and

regional attractions are listed here. For more information about the Orlando area, including discounted admission to many area attractions, please visit www.orlandoinfo.com or call the Orlando/Orange County Convention and Visitor’s Bureau at 1-877-460-6849.

The Mall at Millenia features a wide variety of shops, including Tiffany, Bloomingdale’s, Neiman Marcus, Macy’s, Chanel, Gucci and Hugo Boss, to name a few. For more information, visit www.mallatmillenia.com.

The Morse Museum of American Art houses the world’s most comprehensive collection of the works of Louis Comfort Tiffany, including the chapel interior he designed for the 1893 World’s Columbian Exposition. For more information, visit www.morsemuseum.org.

The Orlando Science Center offers four floors of hands-on, interactive exhibits with ten highly themed exhibition halls. For more information, visit www.osc.org.

Kennedy Space Center, NASA’s gateway to the universe, is the only place on Earth where you can tour launch areas, meet an astronaut, see giant rockets, train in spaceflight simulators, and even view a launch. Don’t miss the astronaut hall of fame, the world’s largest collection of personal memorabilia and realistic astronaut training simulators. For more information, visit www.kennedyspacecenter.com.

The Ritz-Carlton Golf Club provides a challenging and beautiful 18-hole, par-72 Greg Norman Signature Golf course with wide fairways, strategically placed hazards, generous landing areas and subtly contoured greens. The unique Golf Caddie Concierge 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.

About Grande Lakes�

Universal’s Islands of Adventure is home to the world’s most cutting-edge rides, attractions and interactive shows. You’ll discover fantastic new worlds and unparalleled adventure on five amazing islands. For more information, visit www.universalorlando.com.

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Hotel InformationTo reserve a room at the Ritz Carlton Grande Lakes, call 800-682-3665 or 407-206-2400. Mention Turnaround Management Association to receive the specially negotiated room rate of $319/night single occupancy or $339/night double occupancy. This rate is only available through Wednesday, February 20, 2008. TMA cannot guarantee that the room block or hotel will not sell out before then. Please make your reservation soon.

The Ritz Carlton Grande Lakes is located at 4012 Central Florida Parkway, Orlando, FL 32837. The guest fax number is 407-206-2401.

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.

General InformationRegistration FeesUnless otherwise indicated, registration fees include educational sessions, meals and social functions. Conference events are not prorated. To attend any portion of the conference, you must register for the entire conference at the appropriate registration fee as indicated on the reg-istration form on page 15. 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 admit-tance into all educational sessions, meals and social functions.

Registration Categories• The member registration fee is for current, active TMA members 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 it comes to be that an individual registers at the member rate, but TMA has no membership record, the individual will be charged the nonmember fee unless s/he can produce proof of membership.

• For the full-time academic/government employee fee, a full-time academic is defined 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 register at this rate, please submit appropriate documentation with your registration form.

• Spouse/guest registration fees are for family members, friends and/or non-industry related individuals. Neither TMA members nor individuals who practice in the corporate renewal industry but are not TMA members are eligible for this rate. Spouse/guest registration includes entrance to all meals and social functions. Spouses/guests will receive a name badge at the conference that must be worn for admittance into all meal and social events. Meals and social functions are not available on a pro-rated basis. To attend any of the sessions included in this registration fee, a spouse/guest must be registered at the full rate indicated on page 15.

• 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.

Submitting Your RegistrationRegistration forms must be mailed or faxed to TMA per the contact infor-mation on the registration form on page 15. You may also register on-line at www.turnaround.org. Phone registration is not accepted. Registrations are not considered complete until payment is received. Individuals who regis-ter at the early rate but fail to provide payment before the February 29, 2008, deadline will be charged the regular registration fee. Please note that payment must be received, not postmarked, by February 29. Postmarks will not be considered.Registered attendees will receive confirmation of their registration by 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 to 1-312-578-8336 or e-mail to Catherine Cram at [email protected]. Only on-site registration forms will be accepted after March 19, 2008. TMA will not accept any registration forms in advance of the conference after March 19, 2008. Please note that there is a $100 on-site surcharge for certain registration categories. Please consider submitting your regis-tration prior to March 19, 2008.

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 Interna-tional Headquarters by 5:00 p.m. CST on Friday, March 14, 2008. 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 [email protected].

Drink TicketsEach registered attendee and registered spouse/guest of the 2008 Spring Conference will receive four complimentary drink tickets with their registration materials. These tickets are for use at the Opening Reception on Thursday, March 27 and the Cocktail Reception on Friday, March 28. These tickets are for alcoholic beverages only (beer, wine, and liquor). Soft drinks, juices and water are available at no charge. The bars at these recep-tions will not accept cash. Additional drink tickets may be purchased at the TMA registration desk for $25 per book of four tickets. Drink tickets are not required at any other events.

Attire• Educational Sessions and Social Functions: Casual (cotton pants, polo-

type shirts, slacks, skirts)• Golf: 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 of any kind is allowed.

• Tennis: Appropriate tennis attire is requested.

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Cancellation and Substitution Policies Policies regarding the certification program are detailed on page 7.

Cancellation PolicyNotification of cancellation must be submitted in writing (e-mail is acceptable). Cancellations will not be reviewed or processed until they are received in writ-ing. Phone cancellations are not accepted.Cancellations received on or before Wednesday, March 12, 2008, will be refunded as follows:• Entire Conference Cancellation: Attendee will receive a refund for the total

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 will be for the total of all registrations less the $195 processing fee.

• Individual Spouse/Guest Cancellation: Attendee will receive a refund for the total cost of spouse/guest registration and any additional events that the spouse/guest registered for (i.e., tennis tournament) less a $100 processing fee.

• Advanced Educational Session: Attendee will receive a refund for the total cost of the session less a $25 processing fee.

Cancellations received after Wednesday, March 12, 2008, will not be re-funded. This includes entire conference registration, spouse/guest registration and/or individual event(s) fees. After March 12, 2008, individual events will not be refunded regardless of whether or not the registrant still attends the entire conference. TMA does not issue credits for future conferences.

Please note that if you register for the conference after these cancellation 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 to all registrants regardless of when the registration form is submitted.

Please note that refunds will be issued after the conference, no later than April 25, 2008.

Substitution PolicySubstitutions are permitted at any time. Substitutions must be submit-ted in writing (e-mail is acceptable). Substitutions will not be reviewed or processed until they are received in writing. Phone substitutions are not accepted. The substitute must be from the same firm as the original registrant, and the substitution notice must contain accurate contact information for the new registrant; otherwise, TMA cannot guarantee an accurate listing on the registration list. However, please note that substitutions made after March 14, 2008, may not be reflected on the registration list per the registration list policy previously stated. Substitutions must be of the same registration category (i.e., member, academic); otherwise, the substitute will be invoiced for the difference in registration fee. • Entire Conference Substitution: Substitution of an entire conference

registration includes any additional educational events and/or recre-ational activities indicated on the original registration form, including spouse/guest registration. If the substitute does not wish to utilize these events/registrations, refunds will be issued in accordance with the policies detailed (1) previously on this page for full conference and spouse/guest

registration and individual event registration (2) below for recreational activi-ties and (3) previously in the brochure for the certification program.

• Individual Event(s) Substitution: Substitutions are allowed for individual registration options provided that the substitute is a member of the same firm as the original registrant and is a registered attendee of the 2008 Spring Con-ference. In the case of a spouse/guest substitution, the new registrant must be a spouse/guest of a member of the same firm (spouse/guest registration is transferable within the same firm).

Recreational Activities Cancellation PolicyNotification of recreational activity cancellation must be submitted in writing. Cancellations will not be reviewed or processed until they are received in writing. Phone cancellations are not accepted.

Golf TournamentRefund policiesCancellations received prior to Wednesday, March 12, 2008, will be refunded less a $195 processing fee for entire conference registration, including the golf tournament, or a $50 processing fee for golf tournament cancellation only. Can-cellations received after Wednesday, March 12, 2008, will not be refunded.

Substitution policiesSpace is limited for the golf tournament. TMA will maintain a waiting list once all spaces in the tournament have been filled. If at the time your substitution 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-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 the time your substitution notice is received, you may send a substitute player in your place. The substitute must be from the same firm and must be a regis-tered attendee of the 2008 Spring Conference. Please contact Catherine Cram at [email protected] or 312-242-6036 for further details.

Tennis Tournament and Women’s Group LuncheonThe same policies detailed above for the golf tournament also apply to the ten-nis tournament and women’s group luncheon. The only difference is the cancel-lation processing fee, which is $195 for overall conference registration, including the tennis tournament and/or women’s group luncheon, or $25 for individual cancellation of the tennis tournament or women’s group luncheon only.Registrants who fail to attend the conference and do not notify TMA in ac-cordance with these policies and deadlines are responsible for full payment.

Conference materials sponsors provide financial support for TMA international conferences. In

addition to those sponsors listed in the agenda, the following sponsors have also generously provided support for the TMA 2008 Spring Conference.

•� Versa�Capital�Management,�Inc.�(conference�bags)

•� �Skadden,�Arps,�Slate,�Meagher�&�Flom�LLP�(program�book)

•� �Berger�Singerman�P.�A.�(program�book)

•� SB�Capital�Group�LLC�(pocket�agenda)

•� Republic�Financial�Corporation�(lanyards)

•� �Matrix�Capital�Markets�Group�(The Wall Street Journal room�drop)

•� �Blake,�Cassels�&�Graydon�LLP�(The Wall Street Journal room�drop)

•� Mesirow�Financial�Consulting,�LLC�(room�keys)

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Taxicab serviceTaxicabs are available on level one of Orlando International Airport. Taxicab fare to the Ritz Carlton is approximately $35-$45, with a travel time of approximately 20 minutes, depending on traffic. Note that while taxicabs are readily available at the airport, they are not readily available at the resort. Contact Mears Transportation at 1-407-423-5566 or 1-407-843-2404, or visit www.mearstransportation.com, for more information.

Shuttle serviceMears Shuttle Service provides service between Orlando International 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. Shuttle cost is $19 each way or $32 roundtrip. Reservations are not re-quired for service from the airport to the Ritz Carlton but are required for 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 prior to scheduled flight departure time. Reservations can be made by call-ing 1-407-423-5566 or 1-407-843-2404, or at www.mearstransportation.com.

Sedan serviceMears Shuttle Service provides town car service to and from the airport. Travel time is approximately 20 minutes, depending on traffic. Cost from the airport to the hotel is $60 and an advance reservation is required. Sedans depart from level one of Orlando International Airport. Cost for sedan service from the hotel to the airport is a flat rate of $45; advance

reservation is not required. Sedans are readily available at the front entrance of the hotel. Contact Mears Transportation at 1-407-423-5566 or 1-407-843-2404, or visit www.mearstransportation.com, for reservations.

Driving from Orlando International Airport to the Ritz CarltonGo 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. Turn left onto John Young Parkway. Turn right onto Central Florida Park-way. Turn left into the main gate of the hotel.

Parking at the Ritz CarltonValet parking is available for $20/night with unlimited in/out service. Self-parking is available for visitors and guests of the hotel for $12/day.

Car rentalIf you plan to rent a car in the Orlando area, please note that TMA mem-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 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 select-ing Customer Service/Worldwide Reservations Phone Numbers. Mention identification number V368995 to the telephone agent to take advantage of this TMA member discount.

The�Ritz�Carlton�Grande�Lakes�is�approximately�12�miles�from�Orlando�International�Airport�(MCO).�

Abacus Advisors Group LLCAccuVal Associates, Inc.American Management Advisors Inc.Anderson Bauman Tourtellot VosAndrew M. Toft, Attorney at LawARG Recovery, LLCAtlas Partners, LLC Bank of America Business CapitalBankers Advocate GroupBBKBeane Associates, Inc.Bederson & Co., LLPBond, Schoeneck & King, PLLCBuccino & Associates, Inc.Cadwalader, Wickersham & Taft LLPCairncross & Hempelmann, P. S.CapitalSourceCedar Croft ConsultingContinental Advisory Services, LLCConway MacKenzie & DunleavyCooley Godward Kronish LLPThe Daley-Hodkin GroupDeloitte Financial Advisory Services LLPDLA Piper US LLPDrinkerBiddleGardnerCarton

Executive Sounding Board Associates Inc.Fennemore Craig, P. C.First American Corp. - UCC DivisionFocus Management GroupForman Holt Eliades & Ravin LLCFTI Consulting, Inc.Getzler Henrich & Associates LLCGordon Brothers Group, LLCGrant Thornton LLPHarney Partners LLCHealth Capital Investors, Inc.Huron Consulting GroupJager Smith P. C.JPMorgan Chase & Co.KPS Special Situations FundsKugman AssociatesLake Pointe Partners, LLCLisa M. Poulin, CTPThe Meridian GroupMeriturn Partners, LLCMesirow Financial Consulting, LLCMidwest Business CapitalMorris-Anderson & Associates, Ltd.NachmanHaysBrownstein, Inc.Northern Healthcare Capital, LLCPaul Hastings Janofsky & Walker LLP

Penn Hudson Financial Group LLCPhelps Consulting GroupPrime Locations LLCQuarles & Brady LLPQuest Turnaround Advisors, LLCRAS Management Advisors, Inc.RCS Real Estate AdvisorsRepublic Financial CorporationRhone Group AdvisorsRiemer & Braunstein LLPRJ Reuter 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.Tucker Arensberg, P. C.Wachovia Capital FinanceWhite Oak GroupWindham Professionals, Inc.Winston & Strawn LLPWiss & Company, LLPXRoads Solutions Group

Cornerstone 15 Campaign Donors

Ground Transportation

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Cornerstone Program DonorsCornerstone Capital DonorsBank of America Business CapitalGordon Brothers Group, LLCHuron Consulting Group

Cornerstone DonorsCIT

Leadership DonorsBBKDeloitte Financial Advisory Services LLPDrinkerBiddleGardnerCartonRealization Services, Inc.Skadden, Arps, Slate, Meagher & Flom LLP

Sustaining DonorsAbacus Advisors Group LLCAnderson Bauman Tourtellot VosBank of America Commercial FinanceCooley Godward Kronish LLPDoveBid Valuation ServicesExecutive Sounding Board Associates Inc.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 LLPCorporate Renewal Services, Inc.Forman Holt Eliades & Ravin LLCFTI Consulting, Inc.JPMorgan Chase & Co.Lake Pointe Partners, LLCQuarles & Brady LLPRAS Management Advisors, Inc.Riemer & 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, LLCNational City Capital MarketsPhilip + Company, Inc.RCS Real Estate AdvisorsSan Filippo & AssociatesSchulte Roth & Zabel LLPWells Fargo Bank, N. A.Wells Fargo Retail Finance

Supporter DonorsAccuVal Associates, Inc.Allomet Partners, Ltd.American Management Advisors, Inc.Andrew M. Toft, Attorney at LawARG Recovery, LLCBankers Advocate GroupBeane Associates, Inc.Bederson & Co. LLPBond, Schoeneck & King PLLCCairncross & Hempelmann, P. S.Caledonia Group Inc.Capital Restoration, LLCCapitalSourceCedar Croft ConsultingContinental Advisory Services, LLCThe Daley-Hodkin GroupDickinson Wright PLLCDLA Piper 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 LLCGibson, Dunn & Crutcher LLPGiuliani Capital Advisors LLCGrant Thornton LLPGreat American GroupHarney Partners LLCHarvard Turnaround Management

Health Capital Investors, Inc.The Hilco OrganizationHill & Gertner Capital CorporationHoulihan Lokey Howard and ZukinHSG Services Inc.Jager Smith P. C.Joe Foster Real Estate AdvisorsKBK Financial, Inc.KPS Special Situations FundsLain Faulkner & Co.LBC Credit Partners, Inc.Lisa M. Poulin, CTPMcShane GroupMehmco Financial Services Inc.The Meridian GroupMeriturn Partners, LLCMichael Fox International Inc.Midwest Business CapitalMiles & Stockbridge P. C.Modesitt Associates, Inc.The Nauset Group, Inc.Northern Healthcare Capital, LLCThe Parkland Group, Inc.Paul Hastings Janofsky & Walker LLPPenn Hudson Financial Group, LLCPhelps Consulting GroupPhoenix Advisors & Collections, Inc.Phoenix Management Services, Inc.Project Executive Group, Inc.ProtivitiQuest Turnaround Advisors, LLCRenaissance Partners, L. C.Republic Financial CorporationRhone Group AdvisorsRJ Reuter Business ConsultingRochelle, Hutcheson & McCullough, LLPRSM McGladreyRuskin Moscou Faltischek, P. C.SB 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, LLCTucker Arensberg, P. C.Windham Professionals, Inc.Winternitz, Inc.Wiss & Company, LLP

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Conference Sponsors

Capital Markets

Special Situations Group

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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 Full-time Academic/Government Employee $ 375 $ 400 Spouse/Guest Registration $ 325 $ 325 Advanced Educational Session $ 95 $ 95

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 ExamCourse 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

Registration Form

Join TMA or renew 2008 dues $275Join or renew now and register at the member rate.

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