Precision Technology Division: Phoenix Management Services, Phoenix Capital Resources Client Precision Technology, Inc. (PTI) was a $40 mm family-owned and operated printer/fulfillment services provider to the direct mail industry Problem Precision Technology, Inc. was in a tough situation: an over-leveraged position with its lender; a stale operating business style; mature management; and the loss of two key executives who started up a direct competitor. There had been consistent trailing twelve-month losses and EBITDA declines, with no discernable reduction in operating and fixed expenses. The Company’s management was extremely mature, with no definable exit strategy in place. Further, the Company’s lender had shifted from “concerned” ? to “tired” ? with regard to the Company’s performan

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