Impact Resource Management Bliss is a middle-market advisory and investment banking firm founded in 2004. The firm has expertise in mergers and acquisitions, corporate finance, restructuring, and real estate. The principals have over 15 years of experience each from major investment banks and law firms. The firm focuses on businesses in transition, distressed companies, acquisitions and divestitures, debt and equity financing, and cross-border deals. The firm has advised clients across many industries and closed over $10 billion in transactions.

1. Impact Resource Management
Bliss
Firm Overview

2. Firm Summary
•ABKC, predecessor firm, founded in 2004 by Alexander B. Kasdan
•Private middle-market advisory investment banking firm
•Big firm expertise and capabilities for the middle market
•Proven track record and commitment to client service
•Collective expertise: mergers and acquisitions, corporate finance,
restructuring, law, real estate
•“Senior Advisors for Senior Transactions”

3. Firm Summary
•Convergence partners have significant corporate finance, M&A
and research expertise
•15years plus each at major Wall Street investment banks and
leading corporate law firms
•Alex Kasdan served as Associate General Counsel at Schlumberger
Ltd., a Fortune 100 company, overseeing acquisition and
divestiture activity

4. Firm Summary
•Collective expertise: valuation, corporate finance, mergers and
acquisitions, distressed analysis, restructuring, real estate
•Businesses in transition
•Distressed companies / bankruptcies
•Bondholders and shareholders committee representation
•Acquisitions and divestitures
•Debt and equity financing
•Real estate and structured finance
•Cross-Border Advisory

5. Firm Summary
Paul Hastings

6. Selected Representative Clients
• Schlumberger Ltd.* • Griffin Land & Nurseries, Inc.*
• Phillips-Van Heusen Corporation* • Placer Dome*
• Lukoil* • KubanElectrosvyaz*
• ORT* • Valley Federal Savings Bank*
• Media-Most, NTV* • First Australia Prime Income Fund*
• StoryFirst Communications* • The Putnam Funds*
• Paxar Corporation* • Elan Pharmaceutical*
• Furr’s Supermarkets* • Panoz Automotive*
• The Penn Traffic Company* • Advanced Health Corporation*
• Warnaco Group, Inc. (Bank Steering • Universal Stainless & Alloy Products, Inc.*
Committee)* • Solvalub Ltd.*
• Opal Concepts, Inc.* • Chase Capital Partners*
• Fantastic Sams* • Chemical Venture Partners*
• Kalmbach Publishing Co.* • Florida Capital Partners*
* Clients of Convergence principals while at other firms.

7. Selected Representative Clients
• Quatar Investment Authority/Fisker • Guess?, Inc.*
Automotive* • Merrill Lynch/Hewlett Packard*
• Gold Star Foods, Inc.* • Merrill Lynch/SunAmerica Inc.*
• CSK Auto, Inc.* • Occidental Petroleum Corporation*
• Mandalay Resort Group* • CSFB/The Titan Corporation*
• UniSource Energy Corporation* • DLJ/HAD Parts System, Inc.*
• Kohlberg Kravis Roberts (KKR)* • Global Crossing Ltd.*
• UnitedGlobalCom, Inc.* • Cendant Corporation*
• UPC Polska Inc.* • Insight Enterprises, Inc.*
• American Industrial Partners* • Fox, Inc.*
• O’Sullivan Industries
* Clients of Convergence principals while at other firms.

8. Industry Coverage
• Staffing • Petrochemicals
• Retail and Supermarkets • Healthcare
• Branded Consumer Products • Real Estate
• Apparel • Gaming and Lodging
• Business Services • Technology
• Food • Vitamins and Supplements
• Building Products • Publishing
• Industrial Manufacturing • Distribution
• Media and Telecommunications • Construction

9. Services
• Strategic and Pre-Transaction Advisory
• Business Valuations
• Mergers, Acquisitions and Divestitures
• Debt and Equity Financing
• Restructuring
• Real Estate Solutions
• Structured Finance
• Cross-Border Advisory

10. Selected Recent Transactions
• Independent business valuation in adverse market conditions and under lender pressure
• Rendered valuation opinion and advisory to the Board of Directors

11. Selected Recent Transactions
• 2010 - toughest market environment in decades
• Sale to an East Coast-based strategic acquirer at above-market 7.5x EBITDA
• Employment contract and incentive package for seller-owner
• Owner continues to run the business for HowardBerger Company

12. Selected Recent Transactions
• Distressed company sale to a private equity financial buyer
• Strategic deal
• Section 363 bankruptcy sale
• Transaction completed in record time – 3 months

13. Selected Recent Transactions
• Sale to a strategic buyer
• Owner continued to run the business for SelectRemedy
• “Happy to serve as client reference in a win-win strategic acquisition.”
Patty DeDominic
Founder and CEO of PDQ Personnel

14. Selected Recent Transactions

15. Selected Recent Transactions

16. Selected Recent Transactions

17. Selected Testimonials
“We consider the Convergence team to be thorough, smart and
aggressive. Ore Hill will certainly consider you again for future
assignments.”
John Irish, Partner/Director of Research
Ore Hill Capital
“Alex Kasdan stepped into a difficult, time-sensitive and precarious
situation and played a pivotal role in facilitating a transaction that
provided substantially greater value that any other available
alternative."
David Kupetz, Partner
SulmeyerKupetz
"On a difficult transaction, Alex Kasdan was creative, thorough and
aggressive. He anticipated issues before they arose and was responsive and
there when we needed him. He ran a very successful 363 auction, under
extreme time pressure, while managing multiple constituencies. It's hard to
imagine anyone doing a better job in the distressed m&a space than Alex.”
Jim Baer
Partner, Baer & Troff, LLP
Responsible Officer, eStyle, Inc.

18. Selected Testimonials (cont.)
“Convergence delivered smart, out-of-the-box thinking and flawless
execution -- from identifying the right funding source to getting the
deal (a complex acquisition and debt/equity financing) closed. All of
this in a very challenging market environment. We would highly
recommend the Convergence team to other companies for their M&A
and financing advisory needs.”
Ron Vaisbort, CEO
Manana Media, Inc.
“In fulfilling the engagement in a timely manner Convergence
demonstrated significant expertise in valuing businesses in financial
distress as well as a deep understanding of the industry and market
dynamics. Principals of Convergence are professional, experienced and
tenacious. They have consistently provided my firm with the highest
quality of work which was thoroughly researched, well documented
and as importantly, delivered on time. Moreover, I found the principals
to be extraordinarily knowledgeable, engaging and helpful.
If you are looking for an excellent investment banking firm, I believe
that Convergence can provide the service you seek.”
Lawrence D. Bain, Chairman
ProLink Solutions, LLC

19. Selected Testimonials (cont.)
“Happy to serve as client reference in a win-win strategic acquisition.
Patty DeDominic
Founder and CEO of PDQ Personnel
“Alex’s business insight and financial acumen have been of tremendous
value to APS Assist. His experience and skills enable him to provide
critical insights.”
Joe Reyes, Chief Executive Officer, APS Assist, Inc.
“Alex undertook a project for a client of ours and did so with the
highest level of professional skill and expertise. Although the project
did not consummate, for entirely unrelated reasons, I was very
impressed with the manner in which Alex handled the conceptual,
strategic and technical aspects of the project as well as his ability to deal
with challenging client personalities.
I consider Alex to be one of the most talented professionals in his
industry in the Los Angeles area, and I would not hesitate for a moment
to continue to refer clients to him.”
Tim C. Bruinsma
Partner, Fulbright & Jaworski L.L.P

20. Principals’ Backgrounds

21. Alexander B. Kasdan is a Founding Partner of Convergence Capital Partners, LLC and its
predecessor company, ABKC. He has more than seventeen years of investment banking, real estate,
corporate law and corporate strategy experience. Since 1988, Mr. Kasdan has executed over 100
domestic and cross-border transactions totaling more than $10 billion in overall volume in a variety
of industries. Prior to founding Alexander B. Kasdan Company Limited, Mr. Kasdan was an
investment banker at Barrington Associates in Los Angeles, where he headed the restructuring
group, Peter J. Solomon Company, Credit Suisse First Boston and Merrill Lynch.
Mr. Kasdan practiced law with O’Melveny & Myers LLP (formerly O’Sullivan Graev & Karabell
LLP) and Paul, Hastings, Janofsky & Walker LLP (formerly Battle Fowler LLP), where he
specialized in mergers and acquisitions, private equity and corporate finance transactions. In
addition, Mr. Kasdan served as Corporate Counsel in charge of business development at
Schlumberger Ltd., a global oilfield and information services company.
Mr. Kasdan graduated magna cum laude from Middlebury College with a B.A. degree in Economics
and Italian and was elected to Phi Beta Kappa during his junior year. In addition, he holds a J.D.
degree from Columbia University Law School and has studied at the University of Florence in Italy.
Mr. Kasdan is admitted to the Bar in the State of New York.
Mr. Kasdan is a Senior Advisor to Governance and Transactions LLC, an advisory firm established
in 2003 by Mr. James L. Gunderson, former Secretary and General Counsel of Schlumberger
Limited, to assist boards, management and owners with corporate governance, compliance,
structuring and strategic transactions.
Mr. Kasdan is a frequent speaker on the subject of mergers and acquisitions, corporate finance and
restructuring, including as organizer of the Conference at the Anderson School at UCLA on "Buying
and Selling a Company in a Tough Economy - How to Optimize Price and Liquidity in a Buyer's
Market." Mr. Kasdan has published articles on the subjects of mergers and acquisitions and
corporate finance.

22. Howard Liberson is a Senior Advisor to Convergence Capital Partners, LLC.
Mr. Liberson has a very broad background in law, finance, accounting, and entrepreneurial
ventures. He began his legal career as a post-graduate law clerk to the Honorable James M.
Ideman of the U.S. District Court for the Central District of California. As a law clerk, Mr.
Liberson assisted the Judge in all civil trial aspects including review and analysis of
pleadings, motions, and proposed orders, as well as conducting pre-trial settlement
conferences and drafting court orders. Mr. Liberson subsequently worked with the law firms
of Skadden, Arps, Slate, Meagher & Flom LLP and Morrison & Foerster LLP as a corporate
attorney and litigator, respectively.
After practicing law, Mr. Liberson became an investment banker at Credit Suisse First
Boston. Mr. Liberson has extensive experience in several industries, and has advised clients
and executed transactions ranging from mergers, acquisitions, and debt and equity capital
raises to venture capital financings, bank financings, and restructurings. Mr. Liberson has
worked on over 40 transactions totaling in excess of $25 billion.
Most recently, Mr. Liberson was the CFO and a founder of American Discovery – the global
leader of legal document review and research services. Before practicing law, Mr. Liberson
worked as a Certified Public Accountant for an accounting firm in Chicago.
Mr. Liberson is a graduate of The Wharton School of Business, University of Pennsylvania
(MBA with Honors); Loyola Law School, Los Angeles (Order of the Coif, Dean’s Scholar,
Law Review Executive Board member); and UCLA (BA in Economics – Business, Honors
graduate). He holds Series 7 and 63 licenses from the NASD, is a member of the State Bar of
California and the Los Angeles County Bar Association, and was previously a member of the
American Institute of Certified Public Accountants.

23. James L. Gunderson is a Senior Advisor to Convergence Capital Partners, LLC.
Mr. Gunderson is owner and chief executive of Governance and Transactions LLC, an advisory firm
he established in 2003 to assist boards, management and owners with governance and compliance
issues, particularly in connection with strategic transactions and industry changes. Typical clients are
leading companies in the oil and gas or high technology equipment industries, including companies
listed on the major US and European exchanges, as well as private equity owned businesses.
Mr. Gunderson spent 18 years with Schlumberger Limited (www.slb.com), including nine years
based in Paris and three years as Secretary and General Counsel. He was actively involved in
Schlumberger’s expansion in international drilling in the mid-1980s and subsequent exit of that
business in 1999, and Schlumberger’s exit of high technology manufacturing businesses in the late
1980s and 1990s followed by its entry into system integration in 2001. He played a leading role in the
strategic planning, management integration, and changes in governance associated with many of
those transactions. At Schlumberger Mr. Gunderson was instrumental in implementing best practices
in listed company board governance, corporate social responsibility, and international legal
compliance.
Mr. Gunderson subsequently served as General Counsel of Vetco International (www.vetco.com)
before its sale to GE in early 2007. While there he focused on pre-IPO private company governance
and foreign corrupt practices act compliance.
Mr. Gunderson is Chairman of the National Association of Corporate Directors’ New York Chapter
(www.nacdny.org) and co-developed one of the NACD’s national governance courses. He has been a frequent
speaker at national and international governance, law and business conferences, and a guest speaker at law and
business schools in various parts of the world. Mr. Gunderson has written extensively on corporate governance
for Oil, Gas and Energy Law Intelligence (www.gasandoil.com/ogel), and other publications. Mr. Gunderson
received a BA degree in philosophy from the University of California, Santa Cruz, and a JD from the
University of California, Hastings College of the Law. He has participated in executive education courses in
finance and strategic planning at Insead, NYU and Wharton.

24. Lawrence N. Hurwitz, Senior Advisor, was born in Austin, TX, and
attended the University of Texas and Harvard Graduate School,
receiving his MBA and matriculating into the doctoral program.
After graduate school, Lawrence went to Wall Street and was active in
investment banking. He also served as CEO of his family business, a
chain of retail stores.
Mr. Hurwitz moved to Los Angeles in 1990 and founded Lawrence
Financial Group, a California investment banking firm. Since its
founding, Lawrence Financial has provided approximately $7 billion in
financing for several hundred California companies. Loans have been
provided on accounts receivable, inventory, equipment and real estate.
Other areas of specialization have been purchase order financing and
raising funds on intellectual properties such as brands and trademarks.
Mr. Hurwitz lives in Brentwood and has two children.

25. Anna Spektor is Director of Marketing and Business Development.
Ms. Spektor is the Founder of Expert Presence, LLC, a national strategy and business
development advisory firm that develops and implements specialized and cost-
effective programs for professional services firms in law, accounting, financial
services and other fields.
Prior to founding Expert Presence, Ms. Spektor served as Director of Business
Development with Smart Marketing, Inc, an attorney and financial services marketing
firm, and Director of Business Development and Community Relations for Wachbrit
& Associates, PC., a Southern California estate planning firm, where she spearheaded
marketing, business development and public relations.
Ms. Spektor also held a position of Business Development / Commercial Lending
Officer with National Bank of California.
Ms. Spektor received a Bachelor’s Degree in Economics from California State
University-Northridge.
.

26. Contact
Convergence Capital Partners, LLC
1801 Century Park East, 24th Floor
Los Angeles, CA 90067
USA
1.310.770.1327 phone
1.310.496.2434 fax
www.cvgpartners.com
info@cvgpartners.com