Buccino Promotes Christopher L. Picone

CHICAGO, May. 01 /PRNewswire/ --

CHICAGO, May 1 /PRNewswire/ -- Buccino & Associates, Inc., one of America's premier financial and strategic advisory firms, is pleased to announce the promotion of Christopher L. Picone to Senior Vice President and Managing Director. Mr. Picone will continue to be based in the firm's Chicago, IL office and will lead the firm's real estate practice.

Gerald P. Buccino, Chairman and CEO of the firm, said, "Since joining us, Mr. Picone has been busy on multiple client matters and has extended the firm's contact base in the real estate industry. With the crisis in the subprime mortgage market spreading to the entire financial, banking and real estate sectors, we are providing and will continue to provide services and expertise to these sectors. Under Chris' leadership, we are now well positioned to expand our national real estate practice."

Formerly a principal of a Chicago based real estate development firm and a licensed attorney, Mr. Picone will focus his efforts in both the restructuring of troubled real estate loans and investments as well as managing projects for those clients purchasing and developing properties. Under Chris' management, the firm will provide a full range of Real Estate Development Services, Due Diligence Services, Work-out and Turnaround Consulting, Asset and Project Management, Financing and Litigation Support and Expert Testimony Services.

About Buccino & Associates Inc.

Founded in 1981, Buccino & Associates, Inc. is one of America's premier strategic and financial consulting firms providing clients comprehensive advisory services designed to enhance cash flow and position companies for long-term profitability. Services include strategic and financial assessment of business operations; turnaround consulting; financial advisory services to lenders, creditors and other economic stakeholders; crisis and interim management; valuation; insolvency and reorganization services; corporate restructuring; forensic analysis; litigation support and expert testimony. Buccino & Associates, Inc. has offices in New York, Chicago, and Boston. For more information see www.buccinoassociates.com.

Contact: Carrie Pogose Buccino & Associates, Inc. 312-629-1200 carriep@buccinoassociates.com