Lance Miller Joins MorrisAnderson as Managing Director


CHICAGO, IL--(Marketwire - July 24, 2007) - MorrisAnderson & Associates, Ltd., Chicago, is pleased to announce that Lance Miller has joined the company's New York office as a Managing Director.

"Lance brings an excellent combination of skills to MorrisAnderson, as he has been a CRO, managed numerous financial advisory and restructuring projects and has a deep credit background rooted in the banking industry. We are excited to have him join us and help us rebuild and grow our important New York City office," says Dan Dooley, Principal and COO.

Miller is a turnaround executive with more than 25 years of corporate finance and workout experience. As a team leader, he has represented both creditors and debtors in out-of-court and bankruptcy assignments. One of his many strengths is facilitating positive interaction among board members, management, lenders, investors and employees.

Miller's transaction experience includes complex refinancing, the sale of companies or corporate divisions, and working with investment groups on distressed opportunities. His recent industry experience includes publishing, waste-management, banking, online financial services, intermodal trucking, logistics, contract manufacturing, steel, watches, mortgage lending and agriculture.

Before joining MorrisAnderson, Miller served as a Managing Director of KLB Partners, LLC, a merchant bank and advisory firm to distressed companies. He also has been a Director of Glass & Associates, Inc., a turnaround management firm for distressed middle-market companies, and a banker.

Miller, currently a candidate for Certified Turnaround Professional (CTP) certification, holds an MBA in finance from New York University and a BS in industrial engineering from Cornell University.

About MorrisAnderson

Chicago-based MorrisAnderson has offices in New York, Atlanta, Milwaukee, Los Angeles, Cleveland, Nashville and St. Louis. The firm's eight service offerings include performance improvement, financial advisory, turnarounds and workouts, investment banking, interim management, lender services, information technology services, and insolvency services and wind-downs. MorrisAnderson emphasizes hands-on involvement for companies with $20 million to $250 million in annual sales. Now celebrating its 26th anniversary, the firm recently merged with Centre Health Partners, a management consulting firm specializing in financial and operational performance improvement services for the health-care industry. MorrisAnderson's new health-care division is in Nashville, TN.

Contact Information: For More Information: Marjorie Dunn Manager, Marketing & Communications 312/254-0892 New York Office MorrisAnderson & Associates, Ltd. 51 East 42nd Street Suite 700 New York, NY 10017 212/867-6868 phone 212/867-7831 fax

Lance Miller joins MorrisAnderson's<br> New York office