Gordon Brothers Group Hires New CFO

Press Release
Boston, MA – February 6, 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 Robert Paglia has joined the firm as Chief Financial Officer.

Taking over from his predecessor, Alan Goldstein, who retired earlier this year, Mr. Paglia will work closely with executive and senior management on strategic, financial and operational initiatives.

“We are thrilled to have Bob join our team,” said Mark Schwartz, President and Chief Executive Officer, Gordon Brothers Group, “His invaluable experience as a senior executive and as an advisor to corporate boards and senior management on critical issues regarding strategy, acquisitions and operations will greatly benefit Gordon Brothers Group as we continue to expand our product, industry and geographic coverage.”

Mr. Paglia has over 35 years of experience in both public accounting and industry as a Partner at Coopers & Lybrand, which later merged into PricewaterhouseCoopers, and as Executive Managing Director of both Duff & Phelps, LLC and Standard & Poor’s Corporate Value Consulting. His positions at PricewaterhouseCoopers included Northeast Financial Advisory Services Managing Partner, Global TICE Industry Leader, Global Industry Programs Leader, Financial Advisory Services Americas Board member, and Partner-in-Charge of the Western Massachusetts and Northern New England. At Duff & Phelps and its predecessor, Standard & Poor’s, he was a member of the senior executive team with a wide array of operational and client responsibilities. Mr. Paglia received his MBA from Columbia University and his Bachelor’s degree from Boston College.

“It’s exciting to join a firm that has the diverse yet complementary mix of expertise needed to find and maximize value for both healthy and distressed companies alike, particularly during this time of worldwide market volatility,” said Bob Paglia. “I look forward to helping Gordon Brothers Group continue to grow both domestically and internationally.”

Mr. Paglia is actively involved in numerous community and civic endeavors including being a board member for the Make-A-Wish Foundation of America and Massachusetts, a member of the Board of Overseers for Newton Wellesley Hospital and a Development Committee member for the Boston Symphony Orchestra.

About Gordon Brothers Group
Founded in 1903, Gordon Brothers Group (www.gordonbrothers.com) is an advisory, restructuring and investment firm specializing in the retail, consumer products, real estate and industrial sectors. The firm provides a wide variety of services to companies at times of growth and restructuring. 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 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 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.