Summary of Recent Restructuring, Turnaround and Reorganization Engagements


Beasley Printing Company – Adversary No. 98-3205 ; W. Steve Smith, Trustee of the Bankruptcy Estate vs. James M. Hatler, et al.; In the Southern District of Texas, Houston Division. HPLP advised the Trustee with respect to financial and other matters in the foregoing matter and subsequent liquidation of the Company.

Bodark T Corporation – a systems integration and technology consulting firm. HPLP advised management in discontinuing certain operations and valuing common stock issued to management of discontinued operations.

ebaseOne Corporation – an information technology service provider in the ecommerce sector. HPLP assisted the Company in developing and preparing for filing of Chapter VII petition and subsequent liquidation.

ERHC Energy, Inc. - an oil and gas exploration and energy development company. HPLP advised the Company on (i) the successful restructuring of its working capital and other indebtedness, (ii) removing the qualified opinion on its audited financial statements and (iii) the eventual debt to equity conversion.

Flexitallic Group, Inc. – a multi-national manufacturer and distributor of gaskets and sealants. HPLP advised the Company as part of a restructuring program.

Ironwood Homes, Inc. – a residential homebuilder and developer. HPLP provided financial advisory services and assisted in formulating an organizational restructuring plan involving management and certain shareholders.

Sampson Steel Corporation – a metals service and recycling firm. HPLP valued and advised the Company on the disposition of the metals recycling division including evaluating several restructuring alternatives.

Triten Corporation - a bulkwelding and engineering, procurement and construction management firm. HPLP advised the Company on the successful restructuring of its indebtedness.