Press Releases

Merger News Release
July 17, 2004

(Atlanta, Georgia) It was announced today by Charles A. Soule and Diedrich Von Soosten, Co-Founders of Aurora Management Partners Inc. and Ronald H. Turcotte Co-founder of TBA Management Services, LLC that effective July 13, 2004, TBA and Aurora would merge their business interests under the Aurora brand.

At a meeting of the newly constituted Board of Directors, Mr. Soule was appointed Chairman of the Board and Mr. Turcotte was appointed CEO & Managing Partner. The Board also announced the appointment of David M. Baker as Managing Director for the Carolinas, David E. Houseman as Managing Director of Tennessee and Alabama and P. Michael Kain as Managing Director for Virginia and the Mid-Atlantic.

“Economic changes coupled with lender consolidations have dictated that restructuring firms expand their service offerings, staff resources as well market coverage. The combination of TBA and Aurora has created a vehicle to meet these needs,” said Turcotte.

“The new Aurora is made up of a group of seasoned industry professionals, most of who carry a professional designation such as CTP or CPA. Our extensive coverage of the Eastern and Southern states will allow us to meet the ever-changing needs of our client base, while at the same time reducing the need for extensive travel cost,” said Von Soosten.

“I am looking forward to working with Ron and insuring that the new Aurora becomes the premier restructuring firm for middle market private and public companies,” said Soule.

Regional offices managed by principals and staffed with qualified associates will be located in Atlanta, Charlotte, Chattanooga, Orlando, Toronto and Richmond with planned expansion into the Northeast. Aurora will relocate corporate headquarters to 4485 Tench Road, Suite 340A, Atlanta, GA 30024 and will centralize all administration, marketing, reporting and compliance functions.

For further information, contact Ron Turcotte at 770-904-5218 or rturcotte@auroramp.com.

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