New York, New York — June 4, 2008 — Loughlin Meghji + Company announced five senior staff appointments, expanding the firm’s senior-consulting expertise to meet dramatically increased demand from distressed and turnaround situations in 2008 and beyond. In addition, the firm announced a move to new, larger offices in New York City, almost tripling its headquarters facility.

“We are seeing a tremendous increase in distressed situations. With the addition of these new senior-level appointments, Loughlin Meghji + Company will be prepared to meet this heightened demand,” said James J. Loughlin, Jr., founding principal of LM+Co.

“Now more than ever, companies and their lenders – as well as private equity sponsors and hedge funds – are turning to firms like LM+Co for counsel and assistance in today’s unusually volatile economic climate,” said Mohsin Y. Meghji, founding principal of LM+Co.

Senior staff members recently joining the firm as managing directors are: Stephen J. Gawrylewski, Sanjay Purohit, Kevin T. Shea, and Patrick Tremblay. Brian J. Griffith has joined as a director. “Steve Gawrylewski brings hands-on executive experience, coupled with two decades as a restructuring consultant, to our firm. Sanjay Purohit, most recently CEO of several textile companies, comes to us with his outstanding track record helping troubled companies improve profitability and competitiveness through global supply chain initiatives,” Mr. Loughlin said.

“Kevin Shea deepens our existing turnaround bench strength while Patrick Tremblay broadens our transaction and risk-advisory abilities. And in Brian Griffith, we add substantial experience in advising creditors and lenders, as well as corporate restructuring expertise,” Mr. Meghji said.

Mr. Meghji added that the firm has had an ongoing hiring program, at all levels, through the first half of the year, resulting in a 50 percent net staff increase. “Given the level of demand for our services, we are continuing to augment staff and expect to more than double the size of our team by the end of 2008,” Mr. Meghji said. The firm is relocating to new office space which will nearly triple its headquarters facility. The firm expects to be in its new offices – located at 220 West 42nd Street, New York, NY 10036 – by July 1, 2008.

Stephen J. Gawrylewski
Mr. Gawrylewski has more than 30 years of experience in turnarounds, restructurings, mergers, and acquisitions. He has assisted clients as an interim CEO, chief restructuring officer and as a financial advisor. Mr. Gawrylewski has extensive experience in the chemicals, transportation and automotive industries as well as in heavy and consumer products manufacturing. In addition, he has conducted engagements in the paper, textile and plastics industries.

Significant manufacturing engagements include Twin Labs, National Machinery Co., Aladdin Industries, Crown Vantage, Champion Inc., Smurfit Stone Container, Universal Fibers, Burlington Industries and General Cable Inc. Equity sponsor clients have included Investcorp, KPS, Citicorp Venture Capital, Sterling Ventures, Palladium Equity Partners, RFE Investment Partners, Atlas Holdings, and Pegasus Partners. Mr. Gawrylewski has served as president and CEO of C.T. Film Corporation and in senior posts at Tenneco Chemicals.

Mr. Gawrylewski is a member of the Turnaround Management Association. He holds a B.S. degree from the University of Maryland.

Sanjay Purohit
Until September 2007, Mr. Purohit was president and chief executive officer of GHCL Limited’s U.S. operations, which included a leading manufacturer and marketer of textile products for the home fashions and apparel fabrics markets. Mr. Purohit also became CEO of Best Manufacturing when GHCL Limited acquired it in February 2007. GHCL, an India-based company, acquired Dan River in 2005 and has other interests in the textile business. Prior to joining the GHCL companies, Mr. Purohit was CEO of Colwell-Salmon Inc., an outsourcing services provider, and Caretel, an international business process outsourcing firm. His specific expertise includes using information technology and business process outsourcing resources to improve corporate profitability.

Earlier in his career, Mr. Purohit was a member of the India entry strategy team of AT&T Wireless in the early 1990s. In 1996, he was hired by Motorola when it entered in India to lead its new product launch initiatives. Mr. Purohit also structured financing solutions for Indian and Asian telecom companies. He was promoted to Motorola’s Chicago global headquarters in 1999 and held various senior responsibilities in strategy and marketing until 2002, when he left to join an IT BPO start-up, Epicenter Technologies, which was sold to a private equity firm in 2004.

Mr. Purohit received his MBA (gold medalist) from the Indian Institute of Management in Ahmedabad and also holds a Master’s degree in Mechanical Engineering from the Indian Institute of Technology in Mumbai.

Kevin T. Shea
Mr. Shea has more than 20 years of extensive experience in a broad range of public and private corporate finance, M&A and interim executive assignments. Most recently, Mr. Shea has served as the chief restructuring officer for an international motorcycle parts/accessories distributor, where he successfully managed the sale process. Other successful engagements include interim CFO and CRO roles several consumer products manufacturers, and business development and strategic planning roles in the paging industries.

Previously, Mr. Shea spent more than a decade in corporate finance at the Chase Manhattan Bank, most recently as a vice president in the Media and Telecom group.

Mr. Shea holds an undergraduate degree in Marketing/Finance from Marquette University and he has pursued independent studies in bankruptcy and reorganization law at New York University.

Patrick Tremblay
Mr. Tremblay is an executive with a finance and strategy background and a 15-year international corporate and consulting track record in risk management and M&A. He also has experience in business process redesign and execution. Before joining LM+Co, Mr. Tremblay’s consulting experience included service as partner and national leader, Global Manufacturing, Risk Advisory Services for KPMG as well as risk management positions with Bombardier Inc. and Deloitte Consulting/Braxton Associates, both in Canada.

Mr. Tremblay received a B.A. degree in Economics and Political Science from McGill University in Montreal, Canada; an M.A. degree in European Community Law and Public Policy from Robert Schuman University in Strasbourg, France; and a Masters degree in Finance from the London School of Economics in the U.K.

Brian J. Griffith
Mr. Griffith has more than 12 years of finance and restructuring advisory experience. His restructuring experience includes advising debtors and various creditor classes in both in and out-of-court restructurings, maximizing stakeholder returns in turnaround situations ranges from short-term project cost analyses to multi-year bankruptcy proceedings in numerous industries, including: mortgage/retail lending, energy, consumer products, manufacturing, automotive and food & beverage.

Prior to joining LM+Co, Mr. Griffith worked for a restructuring firm where he advised both debtors and creditors in restructuring assignments as well as providing transaction advisory services. Brian recently served as the lead financial advisor to Heating Oil Partners, a $600-million oil distributor, including negotiations with pre-petition creditors and arranging a $100-million Debtor-in-Possession financing, cost reduction programs and reorganization plan negotiations.

Mr. Griffith earned his M.B.A. with honors from Fordham University and received his B.S. degree in Marketing from Villanova University. He is a Certified Insolvency & Restructuring Advisor (CIRA) and is a member of the Turnaround Management Association.

About Loughlin Meghji + Company

Loughlin Meghji + Company, one of the top restructuring advisory firms in the United States, provides an array of consulting, crisis and interim management services, focused on underperforming and distressed companies facing complex financial and operational challenges. LM+Co was founded in 2002 by two former Arthur Andersen restructuring partners, each with more than 20 years of broad restructuring experience. The firm’s mix of operational and financial skills and experience is called on for a variety of assignments, representing the various stakeholders in distressed situations – including lending institutions, corporations and private equity sponsors – on operational and financial restructuring matters.
The firm’s prior engagements include large, complex matters such as: Adelphia, Blockbuster, Charter Communications, Delphi, HealthSouth, Interim HealthCare, Kmart, Krispy Kreme, Mariner Health Care, Sharper Image, USGen New England, and Werner Ladder. Current engagements include companies in the building products, health care, retail, real estate development, textiles, manufacturing, transportation and media.