The Atlanta chapter of the Turnaround Management Association (TMA) has recognized corporate rescue and financial advisory firm Grisanti, Galef & Goldress (GGG) for its "Turnaround of the Year" award for the third consecutive year. The award was presented for its successful turnaround of an Atlanta-based university.

Accepting the award was Managing Partner Lee N. Katz, who said, "We are humbled and appreciative of this award of excellence from our peers. We believe it reflects well on the profession and the association which we have supported since its inception."

GGG previously earned the TMA’s 2003 "Turnaround of the Year" Award for its leadership in the turnaround of a Southeast-based natural gas marketing and fuel management company. Its 2002 "Turnaround of the Year" Award came from the firm’s restructuring activities with a Southeast-based training and seminar company.

About Grisanti, Galef & Goldress

GGG has transformed under-performing companies into high performance operations for over 40 years. The firm applies various financial and operational restructuring processes to rescue organizations or projects that are in distress. By providing interim leadership to companies in crisis situations and advice to senior management, GGG has ensured the long-term viability of over 500 U.S. and international corporations. The firm’s experience, coupled with its hands-on approach, makes it unique in the industry. More information about the Company is available at www.gggmgt.com

About TMA

With international headquarters in Chicago, the Turnaround Management Association has 7,000 members in 34 regional chapters worldwide who comprise a professional community of turnaround practitioners, attorneys, accountants, investors, lenders, venture capitalists, appraisers, liquidators, executive recruiters and consultants. Members adhere to a Code of Ethics specifying high standards of professionalism, integrity and competence. For details, see www.turnaround.org

Contact: Rich Lapin
404-256-0003