BERNARD KYLES & CO.
will send an executive (a Turnaround Controller) into a company,
which is either underperforming, in distress, or experiencing
cash crisis, to act as chief executive. As a Controller, the
Turnaround Controller will take full responsibility for the
company's operations. If required, W. BERNARD KYLES & CO.
will second other resources to support the Turnaround
Controller. W. BERNARD KYLES & CO. will also enter into a
monitoring assignment with the company which will allow a
partner to keep in close contact with the situation and monitor
progress in order to protect the stakeholders' interests. Prior
to any appointment, W. BERNARD KYLES & CO. will assist the
corporation in producing a pragmatic turnaround plan. During
this period, practical assistance is given in managing the cash
position, the relationships with funders and the management's