CHICAGO, IL--(Marketwire - January 16, 2008) - MorrisAnderson & Associates, Ltd., Chicago, is pleased to announce that Sidney Lambersky has been promoted to the position of Vice President of Operations and Strategic Development, effective January 1, 2008.

"Since joining MorrisAnderson as a Managing Director in our Chicago office in June 2006, Sid has been a tremendous asset in helping us with business development in key markets," says principal Dan Dooley. Adds Dooley, "We are excited that in his new role Sid will now use his extensive business expertise to help oversee the daily operations of MorrisAnderson. As we continue to grow and expand, it is essential that we have someone with Sid's management and leadership abilities who can make sure that the internal workings of MorrisAnderson are on track and also help us develop and implement our strategic plans and overall objectives for the company."

Lambersky has extensive experience in growing businesses, business development, marketing, and asset acquisition and disposition. He brings more than three decades of retail, marketing and financial expertise to his position with MorrisAnderson where, along with his new responsibilities, he will continue to help MorrisAnderson with business development in key markets.

Prior to joining MorrisAnderson, Lambersky was a Vice President of Big Lots Capital, a wholly owned subsidiary of Big Lots, Inc., a Fortune 500 retail corporation. Prior to that he was a Vice President for the Hilco Organization. His experience also includes executive and leadership positions with Pizza Hut, Quality Records and Pepsi-Cola. Sid started his career with Thorne Riddell, which subsequently became KPMG.

A chartered accountant, Lambersky holds both an undergraduate degree and a master's of business administration from York University. He is a member of the Board of Directors of the Chicago/Midwest Chapter of the Turnaround Management Association and the Commercial Finance Association's Board of Directors of the Education Foundation. He is also a member of the American Bankruptcy Institute and the Association for Corporate Growth.

About MorrisAnderson

Chicago-based MorrisAnderson has offices in New York, Atlanta, Milwaukee, Los Angeles, Cleveland, Nashville and St. Louis. The firm's service offerings include performance improvement, financial advisory, investment banking, interim management, lender services, turnarounds, workouts, litigation support, valuation, 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 27th 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 based in Nashville, Tenn.

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