FOR IMMEDIATE RELEASE
February 14, 2007
Contact: Richard John, (813) 281-0062
TAMPA, FL, February 14, 2007 – Focus Management Group USA, Inc. (“Focus”) has been appointed as Consultant to Advanced Marketing Services, Inc. (“AMS”) under an Order entered by the United States Bankruptcy Court for the District of Delaware, dated February 12, 2007.
AMS filed a voluntary petition for relief and reorganization under Chapter 11 of the United States Bankruptcy Code on December 29, 2006. Headquartered in San Diego, California, the Company is a leading provider of customized merchandising, wholesaling, distribution and publishing services, currently primarily to the book industry. The Company has operations in the U.S., Mexico, the United Kingdom and Australia and employs approximately 1,200 people worldwide. Publishers Group Worldwide (PGW), an alliance of the Company's global contract distribution operations, provides independent publishers with exclusive full service English language sales and distribution services.
Focus provided AMS with advisory services prior to the Company’s Chapter 11 filing, and post petition is performing a broad range of financial reporting, consulting and advisory services on behalf of the Debtors as required in their Chapter 11 cases.
The Focus bankruptcy advisory team is led by Robert Riiska, a turnaround manager and restructuring specialist who has extensive leadership experience in Chapter 11 reorganizations, financial restructurings and operational turnarounds. Mr. Riiska is a Managing Director of Focus and can be reached at 800-528-8985 or via e-mail at r.riiska@focusmg.com.
Focus Management Group offers nationwide capabilities in turnaround management, business restructuring and asset recovery. Headquartered in Tampa, FL, with offices in Atlanta, Chicago, Greenwich, Los Angeles and Nashville, Focus Management Group provides turn-key support to stakeholders including secured lenders and equity sponsors. Focus provides a comprehensive array of services including turnaround management, interim management, operational analysis and process improvement, bank and creditor negotiation, asset recovery, recapitalization services and investment bankers to distressed companies.
Over the past decade, Focus Management Group has successfully assisted hundreds of clients operating in diverse industries, guiding them to maximize performance or asset recovery. Adverse situations are Focus Management Group’s forte – finding winning compromises in a timely manner when faced with the most discouraging of circumstances is what separates Focus Management Group from the competition.