Patriarch Names Gen. Howard Yellen as Executive Vice President

NEW YORK, July 10 /PRNewswire/ -- Patriarch Partners, LLC has announced today
that Brigadier General (Retired) Howard W. Yellen will join the company as an
Executive Vice President and lead its newly created Defense and Interagency
Platform effective July 20, 2009.

General Yellen will provide executive oversight, coordinate strategic
initiatives, and exercise selected management control for those Patriarch
portfolio companies that possess business opportunities with the Department of
Defense and other federal agencies.

"I am thrilled to add General Yellen to our powerful lineup of senior Platform
leaders that create tremendous synergies between companies and industries. I
have searched long and hard for a leader like Howard to command, combine and
create opportunities for our OEM operating companies in the defense and
government arena. We are living in difficult times and the added leadership
of a great warrior will help inspire us all in the battle to rebuild America,"
said Lynn Tilton, CEO of Patriarch Partners.

"I am excited to join the Patriarch Partners team in this new capacity and
very enthusiastic about the opportunities and enormous potential this new
Platform possesses," said General Yellen. "I look forward to being a part of a
team that will provide value to our DoD and Interagency customers."

General Yellen was formerly with L-3 Communications where he was the General
Manager for Global Military Aircraft Systems and most recently their Vice
President for Business Development (Strategic Pursuits).

General Yellen possesses more than 33 years active duty experience with the
United States Army where he served in senior leadership positions including
Deputy Commanding General for U.S. Army Special Operations Command at Ft.
Bragg, North Carolina, Chief of Staff for the U.S. Special Operations Command,
and Commander of the 160th Special Operations Aviation Regiment at Ft.
Campbell, Kentucky.

General Yellen has a BA in Biology from Temple University, an MA in National
Security and Strategic Studies from the United States Naval War College and an
MS in Systems Technology from the U.S. Naval Postgraduate School. He also
attended the U.S. Army War College and the U.S. Army Command and General Staff
College.

About Patriarch Partners
Patriarch Partners is a vertically integrated distressed private equity firm
with robust in-house operational turnaround expertise. Founded in 2000,
Patriarch has evolved into a global investment firm that concentrates on
direct investments in distressed businesses. They manage funds with more than
$6 billion of equity and secured-loan assets with equity investments in more
than 70 companies, including controlling interests in approximately two-thirds
of these.

To learn more about Patriarch Partners, please visit the company's web site at
www.patriarchpartners.com

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF
1995
Except for historical information contained herein, the matters set forth in
this news release are forward-looking statements. The forward-looking
statements set forth above involve a number of risks and uncertainties that
could cause actual results to differ materially from any such statement,
including the risks and uncertainties discussed in the company's Safe Harbor
Compliance Statement for Forward-looking Statements included in the company's
recent filings, including Forms lO-K and lO-Q, with the Securities and
Exchange Commission. The forward-looking statements speak only as of the date
made, and the company undertakes no obligation to update these forward-looking
statements.

SOURCE Patriarch Partners, LLC

Taylor Griffin of Patriarch Partners, LLC, +1-202-812-0400,
tgriffin@sulgravepartners.com