Tron professionals have over 100 years of combined experience in turnaround management. Known for our innovation, responsiveness and hands-¬on approach to solving client problems, we diligently implement the appropriate measures that ultimately will lead to improved performance and increased shareholder value. Tron works side by side with management through the entire process from the development of a detailed restructuring plan to the successful implementation of the plan. Tron’s services include those described in the following paragraphs.

Tron works directly for the underperforming or distressed company. As a financial advisor to the board and senior executives of the company, Tron formulates a turnaround strategy, designs an action-oriented plan and assists in implementing the turnaround.

Tron focuses on building the confidence and cooperation of the company's lenders, creditors, employees and customers. We work with the various constituents to gain the time and, in some instances, the funding, needed to bring about real changes in the business. A successful turnaround cannot be accomplished without all the stakeholders being part of the plan.

In many cases, rapid mobilization is the key to minimizing the impact of a potential problem. In the event of a crisis situation, Tron has the ability to react quickly to a client's needs and often our team of professionals is on the job within hours of a client's request. Our group of professionals has the background to handle whatever issues they encounter on reaching the client site. Whether the problem is a cash liquidity crisis, a production crisis or some other urgent business problem, Tron has the experience to help a client stabilize the situation and put the company back on track. We provide preliminary reports in days, and begin implementing recommendations as we start to develop the overall restructuring strategy. A complete business review takes weeks, not months.

If required for the restructuring, Tron has extensive contacts for refinancing the debt of the business or for locating alternative equity sources. We work with the company to determine the appropriate capital structure and negotiate with lenders and investors to implement the structure under the best possible terms. In addition, Tron has experience in divesting underperforming assets and selling business units. Our firm will source and qualify potential buyers and investors and then manage the process as part of a re-capitalization or restructuring plan.

When such a need arises, Tron's professionals have the management experience and expertise to act, on an interim basis, as the Chief Executive Officer, Chief Restructuring Officer, Crisis Manager, Chief Operating Officer or Chief Financial Officer of a company. These interim management services provide continuity and oversight until the company is able to hire one or more individuals to assume any of these executive positions on a permanent basis.

Tron's professionals, working with a client company's attorneys, are able to guide a client through a successful Chapter 11 bankruptcy reorganization. Our bankruptcy services include: preparation of schedules and statement of affairs; negotiation of cash collateral and DIP financing requirements; preparation of disclosure statements and plan of reorganization; and procurement of exit financing. In addition, Tron's professionals have assumed various management and consulting roles to assist management through the bankruptcy process.

The majority of reorganizations in which Tron has been an advisor have been effectuated in an out-of-court environment. We work closely with all the stakeholders to convince them that an assignment for the benefit of the creditors, a receivership or an out-of-court reorganization will result in a more successful outcome, while also reducing both the cost and time associated with a bankruptcy.

Tron assists individual creditors and creditor committees in both out-of-court workouts and bankruptcy proceedings. As the financial advisor to a creditor, we can provide the following types of services: assessments of the debtor's going concern viability; analysis of collateral values; review of the feasibility of the debtor's plan of reorganization; sale and liquidation of assets; and reporting. In some cases, our professionals have assumed the role of Creditor Trustee to take control and manage the debtor's assets.

Creditors will often engage Tron to provide an independent assessment of the borrower's viability and its ability to ultimately repay its obligations. In these instances, we will analyze the business, monitor the collateral, review debt reduction plans and develop liquidation and wind-down scenarios. Our firm has been successful in maximizing the creditors' returns while working cooperatively with all the stakeholders.

Tron provides a full range of asset recovery and consulting services, on a national basis, to lenders and developers of stalled multi-family residential and commercial properties. Our construction and real estate experience allows us to approach a distressed real estate project from an operational and financial point of view rather than a pure appraisal type of approach.

Tron professionals are comfortable with, and experienced in, performing a full range of services including:

• Analysis of project recovery under alternative sales and repositioning strategies
• Construction completion and development
• Financial restructuring and creditor issue resolution
• Repositioning of the property as required
• Oversight of leasing and sales efforts
• Management of the asset disposition process