NEW YORK, NY--(Marketwired - May 9, 2013) - ACGM, INC. ("ACGM") announced today the successful completion of its Plan Solicitation for Newland International Properties, Corp. ("Newland"), the developers of the Trump Ocean Club in Panama City.

Following the voting deadline of April 29, 2013, Newland received 100% of all votes cast as well as a super-majority of all eligible votes in favor of the pre-packaged plan of reorganization (the "Plan") from the holders of its $220 million 9.5% Senior Secured Notes due 2014 (the "Notes"), resulting in an accepting class as required for confirmation of the Plan under Chapter 11 of Title 11 of the United States Code (the "Bankruptcy Code"). Newland has filed the pre-packaged plan of reorganization with the United States Bankruptcy Court in the Southern District of New York (the "Bankruptcy Court") under the Bankruptcy Code.

A Chapter 11 reorganization is a judicial process governed under the Bankruptcy Code which provides businesses with debt relief to support a corporate rehabilitation without having to liquidate assets and cease operations. There is no equivalent process in Panama and it is not a Panamanian insolvency. Newland intends to continue normal operations during its Chapter 11 reorganization, while restructuring the Notes on more favorable terms. The Plan, including the restructuring of the Notes, is expected to have a positive impact upon Newland's operations.

Successful consummation of the Plan will be subject to, among other things, Bankruptcy Court approval of the Plan.

AGCM acted as Plan solicitation agent and the mandate was executed by ACGM's Investment Banking & Advisory team.

Carlos Abadi, ACGM's President and CEO, commended ACGM's Investment Banking & Advisory team on the success of this important transaction:

"I'm extremely pleased with the outcome of this Plan solicitation. Our in-depth understanding of this complex restructuring allowed our team to effectively articulate the Plan to Note holders and secure the support needed to meet the numbers required for the Plan's approval. I want to especially acknowledge the diligent work of Heather Barlow and Massi Ibrahim who were pivotal in obtaining this successful outcome. Their thorough and organized approach contributed to the overwhelming response in favor of the Plan."

Completed in 2011, the Trump Ocean Club is a 70-story luxury hotel and condominium complex that includes five swimming pools and a spa. Known for its distinctive architecture, the development is located in Panama City, capital of one the fastest growing economies in Latin America.

About ACGM
Founded in 1991, ACGM is a boutique investment banking firm specializing in global special situations advisory and investment banking transactions for financial and corporate issuers in the US, Europe, LATAM and the Middle East, closely integrated with a fixed income sales and trading capability.www.acgm.com

ACGM, Inc. is a broker dealer registered with the U.S. Securities and Exchange Commission, and is a member of FINRA and SIPC. This release does not constitute an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the issuer and that will contain detailed information relating to the company, management as well as financial statements. This press release is being issued pursuant to Rule 135e under the U.S. Securities Act of 1933, as amended.

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