CRG Partners Forms Strategic Alliance with Smith & Williamson

NEW YORK--(Business Wire)--
New York-based CRG Partners, a leading provider of turnaround and
restructuring services, is entering into a strategic alliance with the
United Kingdom's Smith & Williamson Limited, a financial services
group with preeminent expertise in restructuring and recovery within
Europe. The alliance will develop joint opportunities for the
respective firms' global restructuring activities.

"Through Smith & Williamson, CRG Partners will continue to grow
its overseas practice and meet the ever increasing demand of our North
American clients' overseas activities as well as the activities of our
European-based clients," said Michael Epstein, a Managing Partner of
CRG Partners. "It will further our ability to serve our clients with a
broader array of consulting services."

CRG Partners and Smith & Williamson expect this venture will
enable both firms to expand their professional reach in multiple
countries simultaneously, providing multi-national clients with
superior and efficient resources.

"We are extremely pleased to work with CRG Partners to increase
our North American presence and resources," said Stephen Cork, Head of
Restructuring and Recovery at Smith & Williamson. "We will now be able
to better support our clients' international activities and growth."

CRG Partners and Smith & Williamson each offer a comprehensive
suite of restructuring services, including turnaround consulting,
interim management, crisis management, performance improvement, and
financial restructuring and advisory services. Both firms focus on
developing and implementing operational and financial initiatives to
maximize the value of underperforming companies.

About CRG Partners: CRG Partners provides operational and
financial restructuring services, specializing in creating value for
the stakeholders of underperforming companies. CRG Partners has
offices in Atlanta; Bethesda; Boston; Charlotte; Chicago; Dallas; Los
Angeles; New York; and Vienna, Austria. For more information, visit
www.crgpartners.com.

About Smith & Williamson's Restructuring and Recovery Team: Smith
& Williamson is a professional and financial group with a private
bank, investment house and accountancy firm operating from key U.K.
locations with offices overseas. Smith & Williamson's restructuring
and recovery team has a market-leading reputation built upon
innovation and performance. New offices have been opened in the
British Virgin Islands and the Cayman Islands as part of Smith &
Williamson's commitment to providing offshore expertise. Smith &
Williamson's clients include leading European banks, overseas
financial institutions and corporations with the asset value of the
assignments up to GBP 16 billion. For more information, visit
www.smith.williamson.co.uk/.

CRG Partners
Sarah Michael, 310-954-8757
sarah.michael@crgpartners.com

Copyright Business Wire 2008