Rafael Klotz Joins Gordon Brothers Group as Managing Director.

Press Release
BOSTON, MA – May 1, 2008 – Gordon Brothers Group, a global advisory, restructuring and investment firm specializing in the retail, consumer products, real estate and industrial sectors, today announced that Rafael Klotz has joined the firm as a Managing Director.

Mr. Klotz has practiced bankruptcy and commercial law for nationally-respected law firms for nearly a decade. He has significant experience in all aspects of commercial insolvency, having represented debtors, creditors’ committees, trustees, unsecured creditors, equity holders and purchasers in national and cross-border bankruptcies, receiverships and liquidations. He has also provided representation outside of bankruptcy, most notably in helping clients facilitate the purchase or sale of unwanted or under-performing assets in the U.S and abroad. Furthermore, he has represented borrowers and lenders in the negotiation, documentation and workout of syndicated secured loans and structured financings. Prior to joining Gordon Brothers Group, Mr. Klotz was a partner at Goulston & Storrs in the firm’s Boston office.

“Over the years, Rafa has provided legal counsel to Gordon Brothers Group on a number of multi-asset transactions and acquisitions, both in and out of bankruptcy,” said Michael Chartock, Principal and Managing Director at Gordon Brothers Group. “His expertise in bankruptcy and workouts, asset-based lending, mergers and acquisitions, and structured finance will enhance our ability to provide solutions to our clients through the management of both sides of their balance sheets.”

“At a time of economic uncertainty and mounting pressure on the retail sector, Gordon Brothers Group’s expertise is unparalleled,” commented Rafael Klotz. “I am thrilled to be joining a seasoned team that is known for providing innovative, results-driven, strategic solutions to its retail clients at times of growth or restructuring.”

Mr. Klotz holds a JD from Boston College Law School, is a graduate of Berklee College of Music and also studied electrical engineering at the Universidad Tecnológica Nacional in Buenos Aires, Argentina. He is a frequent speaker on commercial, bankruptcy and international law topics and is actively involved in the Boston Bar Association, where he is a Co-Chair of the Commercial Finance Committee and a member of the Steering Committee for the Bankruptcy Section. Mr. Klotz is also involved in many community activities, including as member of the board of directors of Mil Milagros, Inc., a Boston-based non-profit organization dedicated to improving the nutrition and overall health of underprivileged Latin American children.

Mr. Klotz can be reached at 617.422.6246 or rklotz@gordonbrothers.com.

About Gordon Brothers Group
Founded in 1903, Gordon Brothers Group is a global advisory, restructuring and investment firm specializing in the retail, consumer products, real estate and industrial sectors. The firm has unparalleled expertise in assisting healthy and distressed companies maximize the value of under-performing assets and expand operations through new products and distribution channels. Gordon Brothers Group’s capabilities include asset valuations, dispositions and appraisals, real estate consulting and acquisitions, retail store operations, lending, equity investments, restructuring and advisory services. The firm’s resources include over 250 professionals and 300 field experts, including former CEOs, CFOs, merchants and executives in offices worldwide. During the past three years, Gordon Brothers Group has appraised over $100 billion of assets, managed more than 7,000 stores, sold more than $10 billion of inventory and restructured or sold over 120 million square feet of retail space. In addition, Gordon Brothers Group currently owns over 1,600 stores through various portfolio companies.