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SOME TESTIMONIALS

"We recently engaged Lloyd, Benton & Taylor 'LBT' to help resolve a matter involving the sale of a discontinued European operation. This particular issue had been outstanding for several years and had defied resolution. 1 am
pleased to report that Lloyd, Benton & Taylor's efforts generated an exceptional conclusion. The firm's results oriented process has made it possible to retire certain debts deeply discounted that have resulted in our posting a "gain on retirement of debt" instead of the loss typical in this kind of situation. LBT's Liability Management Service is continuing to play
a vital role in positioning our company to obtain the best possible accommodations from our lenders and investors; this is hastening our recovery process and, of course, adding value to the business. I am very pleased to be able to endorse this firm and the vital services that they provide."

Fred Minturn, Executive Vice President and Chief Financial Officer
MSX International, Inc., Warren, Michigan.

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“We know of no other ‘turnaround’ firm that can deliver at this level and we were most fortunate to secure their services”

Kenneth Clinebell, Chief Financial Officer, Comdial Corporation, Sarasota, Florida.

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“We have never dealt with a firm that exhibited such patience, persistence and professionalism”

Gloria Jean Petricko, Legal Services Unit, Wells Fargo Bank, Diamond Bar, California.

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“I am pleased to report that “LBT” far out performed their projections, with an average pay off discount of 46.8% on our portfolio of equipment leases.”

Mark Lax, Chief Executive Officer, Pawn 1, Inc., Spokane, Washington.

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“Lloyd, Benton & Taylor have been able to introduce a number of candidates for our on-going acquisition program as well as providing debt and equity funding sources, which will have the effect of substantially improving shareholder value in the coming year.”

Christopher M. Schwarz, President & CEO, Ultimate Franchise Systems, Inc., Longwood, Florida.

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“We were in default of our covenant with our primary lender. I should say that this particular national Bank is well known for its unwillingness to compromise on any debt. In spite of this, Lloyd, Benton & Taylor went on to secure an outstanding agreement with the Bank, resulting in a 55% reduction in the principle amount outstanding plus the elimination of all outstanding fees, costs and interest. “LBT” then went to do an excellent job in promptly completing the refinancing arrangements with another Bank.”

James M. Clark, President, James Gaskets, Inc., Dayton, Nevada.

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“I am pleased to be able to recommend this firm and their services. They have provided a prompt and effective service for our corporate clients. In particular, their expertise in negotiating and discounting debt has proven invaluable.”

Stephen C. Riggs, Carr, Riggs & Ingram, LLP, Destin, Florida
 

“I am delighted to report that Lloyd, Benton & Taylor were 100% successful and settlements were agreed that were well within our limits.”

Lisset Rigueiro, President, Estrella Pharmacy, Inc., Miami, Florida.

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"For over three years we have engaged Management Consultants, Lloyd, Benton & Taylor, LLC, specialists in retiring and liquidating all categories of business debt. The results have been truly exceptional by any standards. Typically, this process can take anywhere from 12 to 18 months; where “LBT” has achieved the same results in 2-3 months. The firm’s President, Roderick Lloyd, has personally guided us through some turbulent deals very successfully. Anyone that engages “LBT’s” services will be in very good hands.”

B. Scott Laurie, Managing Principle, Yankee Capital Partners, LLC, Boulder, Colorado.

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"I have worked personally with Lloyd, Benton & Taylor, LLC on a number of consecutive engagements for clients of mine over the last few years and it has proven to be a most successful association for all concerned. The restructuring services that this firm offers have generated exceptional results. More specifically, as a direct result of "LBT's” intervention, a Chapter 11 situation was averted for one client and subsequently, I was able to take that same company IPO. In another case, involving a public company, LBT's services enabled me to be instrumental in radically improving shareholder value. The exceptional results obtained in this case were due in large measure to LBT's wealth of funding sources which made it possible for me to retire and liquidate much of this company's debt."

Ralph E. Vroman, Jr. Chartered Financial Analyst and Former Consultant to General Electric, General Motors and other major corporations, Reno, Nevada.
 

Debt Restructuring   .   Bankruptcy   .   Business Debt Consolidation   .   Corporate Debt

 
   
 
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LLOYD, BENTON & TAYLOR, LLC
110 E. Broward Blvd., Suite 1700, 17th Flr., Ft. Lauderdale, FL 33301
Tel: 1.800.256.0966 or 954.315.3867   -   Fax: 954.315.3899

Lloyd Benton & Taylor, LLC is not a law firm nor does it provide legal advice. Suitable legal counsel can be arranged if required.

 Copyright 2003-2004  -  PaperStreet Web Design - Fort Lauderdale Web Design

Fort Lauderdale - 10-29-07
Lloyd, Benton & Taylor, LLC (Investment Division) announces its Commercial Real Estate Acquisition & Development Program. President, Roderick Lloyd, comments: "I see this addition as a very good fit for those companies that are in any mode of reorganization or restructuring, as well as businesses that are growing and seeking to expand into larger more suitable premises."

09-13-07 Bankruptcies
A huge 50% increase in Business Bankruptcies was recorded for the first 6 months of 2007, when compared with same period last year. The total corporate filings for the first half of 2007 were 11,563.

 

08-21-2007 Financial job cuts soar on housing woes
A deepening U.S. housing slump has caused an alarming surge in job losses at U.S. financial services companies, and the end is nowhere in sight, consulting firm Challenger, Gray & Christmas Inc. said on Tuesday.

10/01/04 – Bankruptcies
The year 2003 showed a small improvement with 35,057 filings. However, the figures for the first half of 2004 already record 18,815 businesses filing for Bankruptcy protection – an increase on the same period for the previous year.

8/01/04 - Presidential Appointment.
Roderick Lloyd has been nominated to the Presidential Business Commission. Click here for more.

7/26/04 - Exide Technologies: Blackstone Asks US Bankruptcy Court for $9.3 Million Final Fees
The Exide Technologies Debtors employed The Blackstone Group, LP, to provide financial advisory services in connection with a possible restructuring of certain of their liabilities.

Our approach to the turnaround process at Lloyd, Benton & Taylor is in sharp contrast, we do not charge for advice, we only charge for results! [Visit LBT Home Page / 90 day debt restructuring on 100% success fees]

4/30/04 - Presidential Business Commission Selection
NRCC Chairman Tom Reynolds announced today that Roderick Lloyd of Fort Lauderdale has been selected to represent the State of Florida on the new Presidential Business Commission.
View PDF Press Release
View HTML Press Release

11/4/03 - Job Eliminations
Following our own 10/3/03 press release on the subject of 'Layoffs', Chicago based recruiters Challenger, Gray & Christmas, Inc., reported yesterday that in October companies announced plans to eliminate 171,874 positions, more than double the announced September layoffs of 76,506. Hardest hit were the automotive industry, who planned to eliminate 28,363 jobs, followed by the retail sector with 21,169 losses and the telecommunications industry which plans to slash another 21,030 jobs. Of even greater concern was a poll recently conducted by Challenger which showed that 78% of the nation's human resources executives did not expect to see a significant upturn in hiring until the second quarter of 2004. 11% of those polled said that there would be no rebound in hiring at all in 2004!

10/3/03 - LBT Press Release
Florida Firm Offers Troubled Businesses an Alternative to Layoffs Fort Lauderdale, Florida, October 3, 2003. Click here for more.

9/6/03 - The New York Times
Job Losses Mount
The Labor Department announced yesterday that 93,000 jobs were lost in August - more than double the 44,000 jobs lost in July. Not since World War II has employment failed to grow for so long a period even with the help of a recovering domestic product. Compare this figure with our 7/3/03 posting below.


8/18/03 - Bankruptcies
The American Bankruptcy Institute reports today that personal bankruptcies have surged over the last year, with more Americans filing for protection than ever before, up from 1.4 million for the year to June 30, 2002 to 1.6 million for 2003. A total of 440,257 bankruptcy petitions were filed between April and June this year, surpassing 2003's first quarter all time record of 412,968. The record shows that the culprit is excessive debt based consumer spending. While at the same time, we hear that consumer spending is reckoned to be the 'engine' of the economy leading us out of recession?


7/03/03 Washington DC - Economic Figures
June Unemployment Rate Highest in 9 Years
The Labor Department reported today that businesses slashed 30,000 jobs last month. The economic slump has now cost nearly a million jobs in just the last three months. This has caused the nation's unemployment rate to soar to 6.4%, the highest level in more than 9 years.


6/26/03 - Job Market Worst Since Early 1990's.
The June 2003 survey by Manpower reveals that three out of four employers expect to cut jobs or hold off on hiring this summer, contributing to the worst employment market since the early 1990's.


6/26/03 - Fed Lowers Interest Rate
The Federal Reserve has decided to cut its benchmark interest rate by a-quarter of one percent. The move means that the Fed funds rate goes down to its lowest level since 1958.The Fed says the economy has yet to show sustainable growth - on the contrary there is now a real danger that the present economic weakness could trigger a destabilizing fall in prices. There is also the fear that ultra-low interest rates may encourage consumers and businesses to take on debt that will prove difficult to repay when rates rise. It seems that the 1930's economy may have crept up on us. A further 1/2% drop and rates would match those prevailing in 1929/30. If history is any guideline, by 1933 the prime rate had plunged to 1.5%!


05/07/03 - Lead Story in Wall Street Journal, New York Times and Washington Post
Fed fears falling prices and expresses concern over deflation. This statement is almost a 180 degree turn from the Fed's position just two months ago, do they really know where we are heading?


4/10/03 - Press Release Business Roundtable (BRT) Economic Outlook Survey
BRT, comprising America’s leading CEOs, released their survey today on the prospects for the next six months. It reveals a weak economic outlook and a continuingly pessimistic trend. The major concerns were:
• Only 9% of US Companies anticipated hiring new employees whereas 45% were planning layoffs.
• “Ample Capacity” coupled with excess inventory is causing a collapse in business spending – 27% of companies polled will be reducing their investment spending over the next six months.
• Projected quarterly earnings are at their lowest levels for two years.
• Declining consumer confidence coupled with rising costs are cited as the main culprits.