Restructuring and Bankruptcy Expert Perry Mandarino Joins PricewaterhouseCoopers'...

Restructuring and Bankruptcy Expert Perry Mandarino Joins
PricewaterhouseCoopers' U.S. Restructuring and Recovery Practice

Mandarino brings over 20 years of experience to PwC's growing restructuring
business

NEW YORK, April 29 /PRNewswire/ -- PricewaterhouseCoopers LLP (PwC) today
announced that Perry Mandarino has joined the firm's U.S. Restructuring and
Recovery practice as a partner and will serve on the leadership team along
with PwC partners Paul Ellis and Cyrus Pardiwala. PwC's Restructuring and
Recovery practice offers fully integrated financial and operational services
to help clients find practical solutions to complex operating issues, develop
strategies to improve profit and cash flow and maximize value for
stakeholders. Mr. Mandarino brings deep restructuring and bankruptcy sector
experience to the practice.

"Clearly now more than ever, businesses need to think proactively about how
potential disruptions could affect their businesses, and in turn, how they can
minimize the negative effects of such events while preserving value," said
Paul Ellis.

Cyrus Pardiwala added, "We look forward to working with Perry as we continue
to grow our restructuring services group and provide services to help our
clients through every stage of financial and operational difficulty. Perry
brings a wealth of practical experience and creativity to the restructuring
market in the U.S."

New hire Perry Mandarino has advised over 300 clients in the areas of
strategic planning, complex debt restructurings, preparation of turnaround and
business plans, cash flow analyses, preference investigations, fraud and
fraudulent conveyance investigations, collateral evaluation and claims
resolution. He has assisted companies in the negotiation, development and
implementation of Plans of Reorganization, and has a broad range of
restructuring and bankruptcy industry experience, including retail,
distribution, communications, business services, manufacturing, healthcare,
construction and real estate companies. Mr. Mandarino previously served as a
senior managing director of Traxi, LLC, as a managing director in
restructuring at the investment bank Berenson Minella & Co., and a partner in
the Global Corporate Finance-Corporate Restructuring Group of Arthur Andersen
LLP.

"Given the rapidly changing economic climate, businesses are now contemplating
a variety of highly complex transactions," said Perry Mandarino. "PwC is
responding to this growing need -- our goal is to help clients be as
well-positioned as possible for the future."

About PricewaterhouseCoopers' Restructuring and Recovery Services Practice
PwC's restructuring and recovery services professionals work with companies
and their stakeholders prior to and during times of crisis to restore the
performance and value of the business. PwC professionals help develop
contingency and turnaround business plans and forecasts, advise on liquidity
management and margin enhancement, and evaluate loan covenants and debt
capacity. The practice also helps clients (companies, investor groups or
individual creditors) during the bankruptcy restructuring process to maximize
the value of their particular position. With early involvement, and a focus on
the key operational and financial areas requiring restructuring, PwC can
assist in navigating the challenges facing healthy and troubled companies and
their investors.

About PricewaterhouseCoopers
PricewaterhouseCoopers (www.pwc.com) provides industry-focused assurance, tax
and advisory services to build public trust and enhance value for its clients
and their stakeholders. More than 155,000 people in 153 countries across our
network share their thinking, experience and solutions to develop fresh
perspectives and practical advice.

"PricewaterhouseCoopers" refers to PricewaterhouseCoopers LLP, a Delaware
limited liability partnership, or, as the context requires, the
PricewaterhouseCoopers global network or other member firms of the network,
each of which is a separate and independent legal entity.

SOURCE PricewaterhouseCoopers LLP

Jennifer Gery-Egan of Brainerd Communicators, Inc., for PricewaterhouseCoopers
LLP, +1-212-986-6667, gery@braincomm.com; or Kathryn Oliver of
PricewaterhouseCoopers LLP, +1-860-345-3550, kathryn.oliver@us.pwc.com