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• SHARPER IMAGE NEW CEO IS TURNAROUND SPECIALIST
• BARRY CALLEBAUT ACQUIRES COCOA FACTORY IN PHILADELPHIA
• PRINTPACK INC. ACQUIRES SEAL-IT, INC.
• WORLD HEALTH NAMES NEW PRESIDENT
• SELF DISCIPLINE
• FIVE RULES FOR THE (RESTRUCTURING) ROAD
• THE RIGHT BALANCE
• AMERICAN ARCHITECTURAL PRODUCTS CORPORATION COMPLETES THE SALE OF DANVID WINDOW COMPANY TO ATRIUM COMPANIES, INC.
• AMERICAN ARCHITECTURAL PRODUCTS CORPORATION COMPLETES THE SALE OF AMERICAN WEATHER-SEAL COMPANY TO MONARCH HOLDINGS INC.
• AMERICAN ARCHITECTURAL PRODUCTS CORPORATION COMPLETES THE SALE OF BINNINGS BUILDING PRODUCTS TO PGT INDUSTRIES, INC.
• ENCOMPASS ADDS MICHAEL F. GRIES TO EXECUTIVE TEAM AS CHIEF RESTRUCTURING OFFICER
• AMERICAN ARCHITECTURAL PRODUCTS CORPORATION COMPLETES THE SALE OF EAGLE WINDOW & DOOR TO LINSALATA CAPITAL PARTNERS
• MARINER POST-ACUTE GETS REORG PLAN APPROVED
• MARINER PARENT, UNIT READY WITH RESTRUCTURING PLAN
• MACKENZIE-CHILDS, LTD. COMPLETES THE SALE OF SUBSTANTIALLY ALL OF ITS ASSETS TO MCL ACQUISITION CORP.
• MICROAGE, INC. COMPLETES THE SALE OF CERTAIN ASSETS OF ITS COMPUTER TELEPHONY INTERGRATION SALES UNIT OF PINACOR INC.
• MICROAGE, INC. COMPLETES THE SALE OF CERTAIN ASSETS OF ITS MICROAGE TECHNOLOGY SERVICES BUSINESS
• MICROAGE, INC. COMPLETES THE SALE OF THE ASSETS OF ITS MICROAGE TELESERVICES BUSINESS
• MACKENZIE-CHILDS LTD. IN SEARCH OF A BUYER COMPANY ASKS BANKRUPTCY JUDGE FOR PERMISSION TO HIRE A FINANCIAL ADVISER.
• CHARTERHOUSE ACQUIRES CAP GEM E&Y UNIT AND LEADS $50 MILLION FINANCING
• W.C. HERAEUS COMPLETES THE ACQUISITION OF PGP INDUSTRIES, INC.
• WSR STRAUSS CORPORATION COMPLETES THE SALE OF ITS ASSETS TO CHARON INVESTMENTS, LLC AND AFFILIATES
• SEIMENS COMPLETES ACQUISITION OF MOORE PRODUCTS
• TREND-LINES HIRES INVESTMENT BANKING FIRM
• THE SANGAMON COMPANY COMPLETES THE SALE OF SERVICE ADVANTAGE TO AHL SERVICES
• GERALD L. GITNER AND LAURIE M. SHAHON NAMED TO BOARD OF DIRECTORS AT FACTORY CARD OUTLET CORP.
• LESLIE FAY STOCKHOLDERS APPROVE MERGER
• SALANT CORPORATION RESTRUCTURING PLAN IS CONFIRMED BY COURT —COMPANY EXPECTS TO EMERGE FROM CHAPTER 11 BY APRIL 30, 1999
• SALANT CORPORATION COMPLETES THE SALE OF CERTAIN ASSETS OF ITS CHILDREN’S BUSINESS TO WORMSER COMPANY
• FRISBY TECHNOLOGIES, INC. (NASDAQ: FRIZ) COMPLETES ACQUISITION OF STEELE AND ASSOCIATES, INC., MAKER OF STEELEVEST® BRAND COOLING PRODUCTS
• SUNTORY ACQUIRES CLOISTER SPRING WATER
• DSI WORLDWIDE
• THE SANGAMON COMPANY COMPLETES THE SALE OF ITS GREETING CARD DIVISION TO IMAGECRAFT, INC. AND ACQUIRES NEW FINANCING
• FORMER DANSKIN INC. CEO JOINS CONWAY, DEL GENIO, GRIES & CO., LLC
• GERALD METALS, INC. COMPLETES THE SALE OF GERALD FINANCIAL GROUP
• CONWAY, DEL GENIO, GRIES & CO., LLC ANNOUNCE THE FORMATION OF A NEW RESTRUCTURING AND MERGERS & ACQUISITIONS ADVISORY FIRM

GERALD METALS, INC. COMPLETES THE SALE OF GERALD FINANCIAL GROUP

April 30, 1998

On April 30, 1998, Gerald Metals, Inc. completed the sale of the brokerage accounts and relationships and certain other assets of its subsidiary, Gerald Financial Group to E D & F Man Group plc. Gerald Metals realized more than $50 million in cash plus an additional benefit of a five-year earn out based on the performance of the subsidiary.

For further information, please contact Robert A. Del Genio of Conway, Del Genio, Gries & Co., LLC, a recently formed firm providing specialized corporate finance advisory services focusing on restructurings and mergers and acquisitions. Mr. Del Genio’s telephone number is (212) 813-1300.