CHICAGO, IL -- (MARKET WIRE) -- April 6, 2007 -- MorrisAnderson & Associates, Ltd. is pleased to announce the opening of a new office in St. Louis, Mo.

Larry Hennessy, who was recently promoted to Principal and equity owner, will head the office, which will serve clients in St. Louis, Kansas City and surrounding areas. He specializes in business turnarounds, crisis management and financial analysis for family and investor-owned middle-market businesses, with an emphasis on cost reduction, cash management and profit improvement. He has served as Chief Restructuring Officer and interim CFO on various assignments and has been involved in consulting assignments for companies with annual sales of $15 million to $200 million, including financial advisory, turnarounds, bankruptcy, and sales of divisions and companies.

Hennessy is a CPA who holds a bachelor's degree in accounting and an MBA from Southern Illinois University. He is a Certified Turnaround Professional.

"We feel confident opening an official office in St. Louis after Larry's ongoing success in expanding our market presence in the St. Louis and Kansas City areas," says Dan Dooley, Principal and COO. "We look forward to being able to serve these areas on a broader scale."

The St. Louis office is the fifth expansion facility that Chicago-based MorrisAnderson has opened since 2005, and the ninth in the firm's national network.

"We recognize that to be truly successful, we need local market presence in many areas of the country," Dooley says. "Each local office has the corporate resource backing (not unlike the airline hub-and-spoke system) required to support our consulting business, which relies 100 percent on high-quality professionals to provide client services and respond to the needs of our referral sources.

"We continue to invest in our future with service expansion, office expansion, investment in great people and brand marketing. We plan to open more offices in coming months, most likely through mergers with high-quality local firms that can benefit from our broad geographic, service and industry capabilities. We look forward to 'Maximizing Value' for clients throughout the country for many years to come."

About MorrisAnderson

Chicago-based MorrisAnderson has offices in New York, Atlanta, Milwaukee, Delaware, 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, and insolvency 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: Contact: Marjorie Dunn 312/254-0892 Manager, Marketing & Communications MorrisAnderson & Associates Email Contact St. Louis Office MorrisAnderson & Associates, Inc. 8025 Bonhomme Avenue, Suite 1306 Clayton, MO 63105 847/567-5546 phone Email Contact