TMA 2001 Annual Conference

Updated 3/10/08

Agenda

Keynote Speakers

General Sessions

CTP Certification Program

Recreational Activities

Registration Fees/Policies

Hotel Information

Attire

Continuing Education Credit

Cancellation Policies

Substitution Policies

Ground Transportation

Conference Sponsors

Questions

Destination Orlando

Updated 3/10/08

Agenda

Monday, March 24

9:00 a.m. – 4:00 p.m. CTP Accounting & Finance Course*

4:30 p.m. – 7:00 p.m. CTP Accounting & Finance Exam*

Tuesday, March 25

8:00 a.m. – 3:00 p.m. CTP Management Course*

3:30 p.m. – 7:00 p.m. CTP Management Exam*

Wednesday, March 26

8:30 a.m. – 10:30 a.m. Certification Oversight Committee Meeting

9:00 a.m. – 4:00 p.m. CTP Law Course*

11:00 a.m. – 1:00 p.m. Executive Committee Meeting

1:00 p.m. – 2:00 p.m. Board of Directors/Certification Oversight Committee Lunch

3:00 p.m. – 5:00 p.m. Board of Directors Meeting

4:30 p.m. – 7:00 p.m. ACTP Law Exam*

Thursday, March 27

8:00 a.m. – 10:00 a.m. Chapter Presidents Meeting

9:00 a.m. – 8:30 p.m. Registration Desk Open

10:00 a.m. Golf Clinic and Tournament*

Refreshment Carts

Co-sponsored in part by BDO Consulting and Great American Group

(please see page 8 for complete timing and event details)

1:00 p.m. – 3:00 p.m. Professional Women’s Networking Group Luncheon*

Co-sponsored by Fennemore Craig, P.C. and Quarles & Brady LLP

1:30 p.m. Tennis Tournament*

Sponsored by Melville Capital Life Settlements

6:00 p.m. – 7:00 p.m. Diversity Reception

7:00 p.m. – 8:30 p.m. Opening Reception

Co-sponsored by Hunt Special Situations Group, L.P.; Insight Equity; and Winston & Strawn LLP

Friday, March 28

7:00 a.m. – 7:30 p.m. Registration Desk Open

7:30 a.m. – 8:00 a.m. Continental Breakfast

Co-sponsored by McDonald Hopkins LLC and Medallion Business Credit

8:00 a.m. – 9:15 a.m. Conference Opening and Keynote Presentation by Andrew H. Card Jr., Former White House Chief of Staff

Co-sponsored in part by Conway MacKenzie & Dunleavy and LBC Credit Partners

9:15 a.m. – 10:30 a.m. “Recent Trends in Distressed M&A”

10:30 a.m. – 11:00 a.m. Coffee Break

Co-sponsored by Atlas Partners, LLC and Bond Schoeneck & King LLC

11:00 a.m. – 12:15 p.m. CONCURRENT SESSION A

· A1: “When Did Healthcare Become Hot?”

· A2: “International Trends: Global Financial Markets”

12:15 p.m. – 1:15 p.m. Lunch Service

1:30 p.m. – 2:15 p.m. Keynote Presentation by Dr. David E. Altig, Federal Reserve Bank of Atlanta

Lunch and keynote presentation co-sponsored by CIT Corporate Finance-National Restructuring Group and Executive Sounding Board Associates Inc.

2:15 p.m. – 3:30 p.m. CONCURRENT SESSION B

· B1: “Subprime Mortgages – The Fallout Continues: Observations and Case Studies”

· B2: "Bankruptcy Beyond Borders: From Hedge Funds to Herbal Supplements – Why Chapter 15 Matters to You"

3:30 p.m. – 4:00 p.m. Coffee Break

Sponsored by National City Capital Markets

4:00 p.m. – 5:30 p.m. Advanced Educational Session: “An Entrepreneur's Ride Through the American Bicycle Industry”*

6:30 p.m. - 7:30 p.m. Cocktail Reception

Co-sponsored in part by Accord Financial, Inc. and GlassRatner Advisory & Capital Group LLC

7:30 p.m. – 9:45 p.m. Dinner, TMA Awards Presentation and Keynote Presentation by Pat Williams, Senior Vice President, Orlando Magic

Co-sponsored in part by Bayside Capital

Saturday, March 29

8:00 a.m. – 12:00 p.m. Registration Desk Open

8:00 a.m. – 8:45 a.m. Continental Breakfast

Co-sponsored in part by Industrial Opportunity Partners

9:00 a.m. – 10:15 a.m. “Global Business Roundtable: A Global Survival Plan”

10:15 a.m. – 10:45 a.m. Coffee Break

Co-sponsored in part by NRC Realty Advisors LLC and SAK Management Services, LLC

10:45 a.m. – 12:00 p.m. “Distressed Real Estate: How Do You Catch a Falling Knife?”

* Additional Fee Required

Please note that private company events may not conflict with any scheduled activity of the TMA 2008 Spring Conference.

Keynote Speakers

Friday, March 28, 8:00 a.m. – 9:15 a.m.

Andrew H. Card Jr., White House Chief of Staff (2000-2006)

On November 26, 2000, Andrew H. Card, Jr., was appointed Chief of Staff in the presidential administration of George W. Bush. Card was chosen because of his impressive service record in the public and private sector. Card was the second-longest serving White House chief of staff. From 1992 until 1993, Card served as the 11th U.S. Secretary of Transportation under President George Bush. From 1988 to 1992, Card served in President Bush's Administration as Assistant to the President and Deputy Chief of Staff. He managed the daily operations of the White House staff and participated in the full range of economic, foreign and domestic policy development. Card served in President Reagan's Administration as Special Assistant to the President for Intergovernmental Affairs and subsequently as Deputy Assistant to the President and Director of Intergovernmental Affairs, where he was liaison to governors, statewide elected officials, state legislators, mayors and other elected officials. Previously, Card was General Motors' Vice President of Government Relations, where he directed the company's international, national, state and local government affairs activities and represented GM on matters of public policy before Congress and the Administration. From 1993 to 1998, Card was President and CEO of the American Automobile Manufacturers Association (AAMA). Currently, Card is a senior counselor at the global public relations firm Fleischman-Hillard, serving on the international advisory board. He also serves on the board of directors at Union Pacific Corporation.

Friday, March 28, 12:15 p.m. – 2:15 p.m. (time reflects entire lunch session)

Dr. David E. Altig, Senior Vice President and Director of Research, Federal Reserve Bank of Atlanta

Dr. David E. Altig is senior vice president and director of research at the Federal Reserve Bank of Atlanta. In addition to advising the Bank president on monetary policy and related matters, Altig oversees the Bank's research and public affairs departments and serves as a member of the Bank's management and discount committees. Altig is also an adjunct professor of economics in the graduate school of business at the University of Chicago and the Chinese Executive MBA program sponsored by the University of Minnesota and Lingnan College of Sun Yat-Sen University. Prior to joining the Atlanta Fed, Altig served as vice president and associate director of research at the Federal Reserve Bank of Cleveland. Before joining the Cleveland Fed, Altig was a faculty member in the department of business economics and public policy at Indiana University. Altig's research is widely published and primarily focused on monetary and fiscal policy issues. He has also served as editor for several conference volumes on a wide range of macroeconomic and monetary-economic topics.

Friday, March 28, 7:30 p.m. – 9:45 p.m. (time reflects entire dinner session)

Pat Williams, Senior Vice President, Orlando Magic

After serving for seven years in the United States Army, Pat Williams spent seven years in the Philadelphia Phillies organization, two as a minor league catcher and five in the front office. He also spent three years in the Minnesota Twins organization. Since 1968, he has been affiliated with teams in Chicago, Atlanta, and Philadelphia, including the 1983 World Champion 76ers, and now the Orlando Magic, which he co-founded in 1987 and helped lead to the NBA finals in 1995. Twenty-three of his teams have gone to the NBA playoffs and five have made the NBA finals. In 1996, Williams was named as one of the 50 most influential people in NBA history by a national publication. In his NBA career, Williams drafted Charles Barkley, Shaquille O’Neal, Maurice Cheeks, Andrew Toney and Darryl Dawkins and signed Billy Cunningham, Chuck Daly, and Matt Guokas to their first professional coaching contracts. Nineteen of his former players have become NBA head coaches, and nine have become college head coaches while seven have become assistant NBA coaches. In the last 12 years, Williams has completed 44 marathons, including the Boston Marathon 11 times, and climbed Mt. Rainier. He is a weightlifter, Civil War buff and serious baseball fan. Williams is a member of the Wake Forest Sports Hall of Fame after catching for the Deacon baseball team, including the 1962 Atlantic Coast Conference Championship team. He is also a member of the Delaware Sports Hall of Fame.

General Sessions

Friday, March 28, 9:15 a.m. – 10:30 a.m.

“Recent Trends in Distressed M&A”

Moderator: Michael A. Fixler, CM&D Capital Advisors LLC

Panel: Stephen A. Boyko, Proskauer Rose LLP; Christopher Calabrese, LBC Credit Partners; William J. Drmacich, CIT Business Capital; Adam R. Gottlieb, Industrial Opportunity Partners; Dennis Kirby, American Capital Strategies

The general M&A market set record deal volumes over the last couple of years while distressed M&A muddled through a strong economic and credit environment. With a much weaker economic backdrop and tighter credit markets, distressed M&A activity is expected to accelerate. What should distressed M&A participants expect?

· Are deals still getting done in the middle market?

· Are those deals getting done with higher equity contributions?

· How are people dealing with non-fully underwritten deals?

· Difficulties of changing seller expectations

· MAC outs/break up fees

· Lower risk tolerance for lenders; “just get me out” syndrome

· Re-emergence of strict covenants

Given the anticipated increase in distressed M&A activity, this panel will focus on the current state of the M&A and credit markets for distressed transactions.

CONCURRENT SESSION A

Friday, March 28, 11:00 a.m. – 12:15 p.m.

A1: “When Did Healthcare Become Hot?”

Moderator: Suzanne Koenig, SAK Management Services, LLC

Panel: Roberta A. DeAngelis, Executive Office for U.S. Trustees; Carol E. Jendrzey, Cox Smith Matthews Incorporated; Keith J. Shapiro, Greenberg Traurig LLP

Healthcare has been heating up the restructuring industry ahead of all the other areas of business. The challenges of low reimbursement, slow pay and debtors’ ability to manage their cash flow while caring for patients and providing quality care has made for a very tenuous situation. The patient care ombudsman continues to jump through hurdles while explaining to bankruptcy professionals his/her place in the bankruptcy playing field and the relevance of enhancing the debtors’ assets, who are the very patients or residents of the debtor.

A2: “International Trends: Global Financial Markets”

Moderator: Brad Coulter, CTP, O’Keefe & Associates Consulting LLC

Panel: Beth Ann Bovino, Standard & Poor’s; Rick S. Chance, KPMG Corporate Finance LLC; James H. Zukin, Houlihan Lokey Howard & Zukin

Economists project a slowdown in global growth in 2008. Given the financially intertwined nature of the global economy today, what are the implications of market corrections and losses in the United States and elsewhere on global credit? Are we heading for a global credit crunch and has unprecedented growth in emerging markets in recent years created bubble effects in some emerging economies that are due for a correction? This panel examines a number of key issues affecting international financial markets, including:

· Strength, stability and vulnerabilities within the international financial system that could foreshadow the next international financial crisis or a global credit crunch.

· The effect of U.S. credit woes on international markets, its potential contagion effect, and the impact on global credit and liquidity.

· Current hot spots and watch spots for non-performing loans and distressed investing

· Impact on global markets of the emergence of sovereign wealth funds

· Implications of lingering problems in Japan and a potential slowdown in China on world markets.

CONCURRENT SESSION B

Friday, March 28, 2:15 p.m. – 3:30 p.m.

B1: “Subprime Mortgages – The Fallout Continues: Observations and Case Studies”

Moderator: David W. Wirt, Winston & Strawn LLP

Panel: John Anderson, RBS Greenwich Capital; Timothy R. Coleman, The Blackstone Group; Harry J. Devens, The Bear Companies; Peter S. Partee Sr., Hunton & Williams LLP

As the subprime crisis continues to dominate business and political headlines, industry experts debate the future for the subprime industry and the implications on the lending sector and broader economy as a whole. This panel of experts will discuss topics that include:

· A comparison and contrast between the "consensual" workout of the distressed subprime lender versus a bankruptcy proceeding.

· Legal and practical implications respecting valuation issues and collateral realization: debates within the capital structure.

Looking forward: opportunities and potential dangers in the subprime industry for 2008 and predictions on the fallout

B2: "Bankruptcy Beyond Borders: From Hedge Funds to Herbal Supplements – Why Chapter 15 Matters to You"

Moderator: Linc A. Rogers, Blake, Cassels & Graydon LLP

Panel: Jay A. Carfagnini, Goodmans LLP; Alesia Ranney-Marinelli, Skadden, Arps, Slate, Meagher & Flom LLP; Lawrence E. Young, AlixPartners

The principal vehicle through which foreign insolvency proceedings will enter the United States is Chapter 15 of the U.S. Bankruptcy Code. Proceedings commenced under this Chapter will dictate how asset values are maximized, how proceeds of realization are distributed and what role foreign courts will play in determining the rights and interests of U.S. stakeholders. Recent cases in connection with the recognition of foreign proceedings involving the ShpinX and Bear Stearns hedge funds demonstrate that Chapter 15 will be at the forefront of some of the most complex, intriguing and ground breaking cases. The panel of leading experts will focus on the implications of the recent cases dealing with failed hedge funds, the MuscleTech Chapter 15 proceedings dealing with mass tort litigation arising from the sale of herbal supplements and the real challenges and opportunities for turnaround professionals in dealing with cross-border insolvency cases.

Friday, March 28, 4:00 p.m. – 5:30 p.m.

Advanced Educational Session: “An Entrepreneur's Ride Through the American Bicycle Industry”

Chris Hornung, Founder and Former CEO, Pacific Cycle

$95/person (conference registration is required to attend this session)

Pacific Cycle, Inc. is a major bicycle manufacturer founded in 1983 and headquartered in Madison, Wisconsin, whose brands include DYNO, GT, InSTEP, Mongoose, Murray, Pacific Outdoors, Powerlite, Roadmaster and Schwinn. Virtually all of these brands were unprofitable and many languished in bankruptcy prior to their acquisition by Pacific Cycle. The first portion of the session describes the process by which these distressed assets were acquired. Second, this session describes the significant changes in marketing, distribution channel management, manufacturing, brand management, operations and market segmentation strategies that Pacific Cycle employed to turnaround these brands. For example, Pacific Cycle is the only bicycle manufacturer to sell different bikes in different channels. Its bicycles are sold by Independent Bicycle Dealers (IBD) and mass merchandisers such as Target, Wal-Mart and The Sports Authority. Collectively, these operational changes built considerable value in what was considered a dead industry. Finally, the session concludes with a discussion of the 2004 acquisition of Pacific Cycle by Dorel Industries.