CHICAGO, IL--(Marketwire - October 2, 2007) - MorrisAnderson & Associates, Ltd., Chicago, is pleased to announce that Howard R. Korenthal has become a principal and equity owner of MorrisAnderson, effective October 1st.

"Since joining MorrisAnderson as a Managing Director in our Chicago office in November 2006, Howard has done a superb job of helping us market our entire suite of service offerings," says Principal Dan Dooley. "Howard is a strong operations and financial projects leader, and his expertise is in out-of-court business sales and liquidations via assignments for the benefit of creditors.

"The leadership of MorrisAnderson decided several years ago that we wanted to invest in the future of MorrisAnderson," Dooley adds. "We continue to do that through service expansion, office expansion, brand marketing and investment in great people. We are excited to welcome Howard on board to help us in our efforts to continue to 'Maximize Value' for our clients for many years to come."

Korenthal has nearly 30 years of experience working with financially distressed and underperforming companies, serving in senior management, interim management and consulting capacities. His extensive turnaround expertise encompasses a broad range of industries, including manufacturing, distribution, food processing and metal production.

During his career, Korenthal has worked for several nationally known turnaround firms. He has been instrumental in more than 100 turnaround and restructuring projects, working in the areas of improvement, cash flow and viability analyses. He also has assumed leadership roles in negotiations with senior creditors, unsecured creditors, liquidations, assignments for creditors' benefit and complex Chapter 11 proceedings.

Korenthal is a certified public accountant and has a bachelor's degree in accountancy from the University of Illinois at Urbana-Champaign. He is a member of the Turnaround Management Association, the American Institute of Certified Public Accountants and the Illinois Institute of Certified Public Accountants.

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, Tennessee.

Contact Information: For More Information: Marjorie Dunn Manager, Marketing & Communications 312/254-0892