TOWER AUTOMOTIVE BANKRUPTCY NEWS: First Issue Free From Bankruptcy Creditors' Service, Inc.

FAIRLESS HILLS, Pa., Feb. 7, 2005 -- Bankruptcy Creditors' Service, Inc., announces publication of TOWER AUTOMOTIVE BANKRUPTCY NEWS tracking the chapter 11 filing by Tower Automotive, Inc. , R.J. Tower Corporation, and some of their subsidiaries last week in Manhattan to shave hundreds of millions of dollars of debt from their balance sheets.

A copy of the first issue of TOWER AUTOMOTIVE BANKRUPTCY NEWS is available at http://www.bankrupt.com/towerauto.txt at no charge.

Kenneth Rae V. Bramida, Christopher G. Patalinghug, and Frauline S. Abangan serve as the newsletter's editors.

The first issue of TOWER AUTOMOTIVE BANKRUPTCY NEWS, released this morning, Mr. Bramida relates, includes:

   * data extracted from the Debtors' chapter 11 petitions;
   * a list of the Debtors' 30-largest unsecured creditors;
   * an overview of the auto parts maker's tumble; and
   * a detailed review of the new post-bankruptcy financing package.

The second issue, available later today, will explore the handfuls of matters brought to Judge Gropper's courtroom last week to maintain operational stability and pay up to $10 million (down from $40 million originally requested) to critical suppliers and vendors.

"Our editors are bankruptcy pros. They know how to quickly sort the wheat from the chaff and bring order to chaotic and arcane court filings," says Peter A. Chapman, President of Bankruptcy Creditors' Service, Inc. "Our newsletters provide lawyers, creditors, competitors, asset buyers, and other parties-in-interest with an efficient and affordable way to sift through the mountains of court pleadings and seemingly random information delivered to the Bankruptcy Court."

TOWER AUTOMOTIVE BANKRUPTCY NEWS is distributed on a subscription basis by e-mail for US$45 per issue. New issues are published as significant activity occurs (generally every 10 to 20 days) during the company's restructuring.

Since 1990, BCSI has published similar newsletters tracking billion-dollar insolvency proceedings. Currently, we provide similar coverage about the restructuring proceedings involving Federal-Mogul Corporation, TECO Energy Inc.'s Panda Gila River and Union Power subsidiaries, Yukos Oil Company, Mirant Corp., PG&E National Energy Group, Pacific Gas and Electric Company, Enron Corp., NRG Energy, Covanta Energy Corp., ATA Airlines, US Airways, UAL Corporation and United Airlines, Air Canada, ANC Rental, the Roman Catholic Church in the United States, Trump Hotels & Casino Resorts, Inc., Interstate Bakeries Corporation, Pegasus Satellite, RCN Corporation, Adelphia Communications and Adelphia Business Solutions, WorldCom, Global Crossing and Asia Global Crossing, Winstar, 360networks, Solutia, W.R. Grace & Co., Owens Corning, Armstrong World Industries, USG Corporation, Safety-Kleen, Laidlaw, Halliburton's DII Industries and Kellogg, Brown & Root units, Parmalat Finanziaria, S.p.A., Vlasic Foods, Bethlehem Steel, Weirton Steel, Kaiser Aluminum, WestPoint Stevens, Pillowtex, Burlington Industries, Kmart Corp., Ames Department Stores, Spiegel, Inc. (and its Eddie Bauer and Newport News subsidiaries), Hayes Lemmerz, Exide Technologies, National Century Financial Enterprises, Integrated Health Services, Mariner Post-Acute & Mariner Health, American Business Financial Services, Inc., Reliance Group Holdings & Reliance Financial, The FINOVA Group, Inc., and Loewen Group.

Additionally, BCSI co-publishes the Troubled Company Reporter -- a daily newsletter that provides news about more than 3,000 on-going troubled situations. Go to http://www.bankrupt.com/periodicals/tcr/tcr.form.html to sign-up for a 30-day free trial subscription to the TCR.