M. Slavin & Sons, Ltd. Announces Bankruptcy Exit

NEW YORK, Dec. 13, 2011 /PRNewswire/ ‐‐ On November 30, 2011 the United States Bankruptcy Court for the Southern District of New York entered an order confirming M. Slavin & Sons, Ltd. Plan of Reorganization and the Company closed on its recapitalization and new senior lending agreement with North Mill Capital. The 100 year old seafood distributor filed for bankruptcy protection on February 14, 2011.

“We are pleased the Company was able to successfully turn around its business and confirm a plan within ten months of the filing,” said Gary Herwitz, Managing Partner of CoMetrics Partners the turnaround management firm engaged by the Company and retained as financial advisors during the bankruptcy. “The turnaround was complex with respect to closing non‐performing business segments and selling certain assets and real estate to effectuate the recapitalization. Ultimately we were able to attract new lenders and obtain the consensus of the various constituents including the existing secured lender, unsecured creditors and labor union to confirm the plan.”

“Both CoMetrics and our counsel Jerry Luckman of SilvermanAcampora did a tremendous job getting us to the finish line,” saidCindy Slavin. She continues, “We have a new business model which is leaner, focused and as reported we are once again profitable. We never would have been able to reorganize without the advice and determination of Gary and Jerry. I also would like to thank the creditors and lenders who worked with us in making the confirmation possible.”

About SilvermanAcampora LLP
SilvermanAcampora is a full service commercial law firm dedicated to providing its individual, corporate, and institutional clients with the highest quality legal services necessary to protect and grow their businesses. We measure our success by how our clients achieve their goals.

The Corporate Restructuring Group finds solutions for clients in matters ranging from the simplest business interruption issues to complex business and operational reorganizations without resort to the bankruptcy process. The Bankruptcy and Creditors’ Rights Group brings its considerable expertise to our representation of debtors, secured and unsecured creditors, creditors’ committees, equity holders, examiners, and bankruptcy trustees.

www.SilvermanAcampora.com

About CoMetrics Partners LLC
CoMetrics Partners LLC was founded by Managing Partner Gary Herwitz. The firm specializes in working with middle market companies providing the leadership and expertise to synergize operations, technology and finance to maximize operating efficiencies and drive profitability.

The firm’s services include strategic advisory, supply chain management, lender advisory services, and financial resources.