Trigild -- Press Release July 2007

TRIGILD HIRED TO ASSESS AND MANAGE TWO REO HOTELS
Assessment will be completed to determine best course of action
to maintain the assets’ value.

SAN DIEGO, Calif., JULY 9, 2007 – Trigild announced today that it has been retained by a California-based lender to manage and assess two hotel properties in Raleigh, NC in preparation for asset disposition. Trigild’s immediate takeover responsibilities will include securing both properties, taking inventory, and reviewing any available financials. The company’s ultimate goal is to maximize recovery for the lender through a combination of efficient hotel management and highest possible sales price.

Trigild will assess various scenarios to determine what combination of improvements and positioning will be cost-effective and what will be most attractive to potential buyers. “We have 30 years of experience in turnaround management for hotels,” states Trigild’s president, Bill Hoffman, “and a strong network of brokers to draw from that will aid in our assessment and assist us with a timely disposition of the assets.”

Trigild is a troubled asset specialist, working with financial institutions by combining receivership, management, and disposition services to drive an asset’s upside and maximize its loan recovery. The company hosts the annual Trigild Lender Conference, the preeminent educational symposium for professionals dealing with non-performing commercial loans, which is slated for Oct.17 – 19, 2007 in San Diego.