DJM Asset Management Names Peter Lynch Senior Managing Director

Press Release

Los Angeles, CA (January 26, 2006) DJM Asset Management, the real estate division of Gordon Brothers Group, specializing in real estate disposition, lease mitigation, acquisitions and appraisals, today announced that Peter Lynch has been hired as Senior Managing Director to direct the company’s West Coast practice. Mr. Lynch brings over 30 years of retail operating experience as President, COO and CFO for specialty retail, big box, outlet and department stores in both publicly-traded and venture capital-based companies.

“Peter’s operational and management expertise will be invaluable to both DJM and our clients as we expand our presence on the West Coast,” stated Andrew Graiser, Co-CEO of DJM. “His vast experience in running retail operations allows him to understand the real-world issues that face our clients.”

Mr. Lynch is a well-known executive in the retail industry. Prior to joining DJM, Lynch had been President and COO for Babystyle, the specialty multi-channel retailer with roots in ecommerce and catalog.

Before leading Babystyle, Lynch was the Executive Vice President of Worldwide Operations for Warner Brothers Studio Stores where he led the highly complex closedown of the 150-store retail operation following the AOL/Time Warner merger. During the closedown, Lynch managed the negotiations of over $250 million in lease liabilities and the disposition of all store assets; netting a savings of over $45 million from the corporate budget.

Prior to Warner Brothers, Lynch was the President of Baby Guess/Guess Kids Retail division, which he grew to a 19 store chain concurrent with Guess’ retail expansion. Lynch has also been Chief Financial Officer for the House of Fabrics, where he centralized operations, integrated a $50 million acquisition and negotiated a $20 million long term credit facility; the Chief Financial Officer and Head of Strategic Planning for Store Furnishings International, where he led the sale of the company to Ikea; and the Executive Vice President, Finance and Operations of The Emporium Capwell Department Store.

“Retailers can maximize positive contributions from their real estate portfolio by aggressively disposing of underperforming locations and mitigating their leasehold exposure,” stated Lynch. “We can help facilitate this process because DJM has a remarkable database of potential buyers and deep relationships with retailers across North America.”

“Most companies today are undergoing some form of restructuring, whether that means taking write-downs on underperforming assets or simply streamlining operations,” Lynch continued. Additionally, many companies are expanding. DJM can bring hundreds of millions of dollars into a single transaction to help facilitate acquisitions.”

“Maximizing one’s real estate portfolio is an important process,” Lynch continued. “I look forward to working with the talented professionals at both DJM and Gordon Brothers Group in helping our clients improve operations, manage underperforming assets and enhance their positioning in the market.”

About DJM Asset Management: DJM Asset Management (www.djmasset.com), the real estate division of Gordon Brothers Group, disposes of and/or mitigates lease liabilities and fee-owned properties, acquires retail, commercial and industrial real estate, facilitates rent reductions and appraises property in both domestic and international markets. Leveraging over 550 regional brokers, DJM Asset Management mitigates landlord claims, provides capital for the orderly disposition of real estate and facilitates the acquisition of new properties, negotiates lease modifications or terminations and conducts comprehensive evaluations and reserve analysis on fee simple and leasehold interests.

About Gordon Brothers Group: Founded in 1903, Gordon Brothers Group (www.gordonbrothers.com) provides global advisory, operating and financial services to companies at times of growth or restructuring. Gordon Brothers Group appraises, acquires and sells a wide range of assets, including inventory, real estate, industrial assets, accounts receivable and intellectual property. Gordon Brothers Group purchases and/or sells in excess of $10 billion in assets at original value annually and appraises over $30 billion. The firm also provides debt financing and equity capital to consumer products companies, and facilitates mergers and acquisitions with strategic partners. Gordon Brothers Group is headquartered in Boston and maintains 20 offices and satellites worldwide