Giuliani Capital Advisors LLC Promotes David Woodward; Longtime auto industry professional named managing director

TROY, Mich.--June 10, 2005--Giuliani Capital Advisors LLC ("GCA") today announced the promotion of David Woodward from Director to Managing Director in the firm's Troy, MI office. Mr. Woodward, 47, has over 25 years of experience in corporate finance, M&A, restructuring and reorganization, with the majority of his career spent in the automotive industry. David spearheads GCA's efforts in capturing restructuring opportunities in the U.S. auto industry.

"I've had the pleasure of working with David for many years, first when he was the CFO of a client company, then as a colleague on our automotive industry team," said Steven Oesterle, CEO of Giuliani Capital Advisors LLC, a financial advisory and investment banking firm. "His promotion recognizes the key contributions David has made to the growth of our company, and continues GCA's progress in augmenting an already strong automotive team."

Jim Carter, GCA Managing Director and head of the firm's automotive practice added: "Our automotive team has made tremendous strides because of the efforts of David and other strong members of our firm. This promotion, along with additional investments we are making in the team, positions us for even greater growth."

About Giuliani Capital Advisors LLC:

Giuliani Capital Advisors LLC ("GCA") provides investment banking solutions and independent advice to leaders dealing with complex business challenges, strategic transactions or financial distress. The company is comprised of senior level professionals who provide lead advisory services to public and private companies, lenders, and other parties-in-interest that are executing financial and strategic transactions. GCA provides a full range of capital raising, mergers and acquisitions, and financial and operational restructuring services. The company is guided by the Giuliani Leadership Principles: Integrity, Objectivity, Loyalty, Creativity, and Accountability. The firm has offices in New York, Chicago, Atlanta, Los Angeles, San Francisco and Troy, MI.

Further information about Giuliani Capital Advisors LLC is located on the following site: www.giulianicapitaladvisors.com