Business Wire/Hudson Capital Partners Announces Key Executive Promotions

February 9, 2010

SUMMARY

Newton, MA—February 09, 2010
As part of the Company’s ongoing expansion, Hudson Capital Partners, LLC, a national firm specializing in retail and consumer products asset dispositions, today announced key executive promotions. The Company appointed James L. Schaye as Chairman and appointed David Peress as President.

Mr. Schaye has been named Chairman of Hudson Capital Partners, in addition to his role as Chief Executive Officer. Since co-founding the Company in 2004, Mr. Schaye has been instrumental in Hudson Capital Partners’ ongoing growth, which has included managing the liquidations for a number of high profile retailers including Circuit City, Linens N Things, Whitehall Jewelers, and Tower Records, among others. Mr. Schaye is a lifelong retailer and an expert in originating, negotiating and executing retail asset redeployment strategies.

Mr. Peress, who has served as Chief Investment Officer since February 2009, has been appointed President of Hudson Capital Partners. In his expanded role, Mr. Peress will oversee the Company’s newly launched appraisal and advisory business, HCP Asset Advisors, and will be responsible for driving the Company’s asset disposition and investment business going forward. Before joining Hudson Capital Partners in February 2009, Mr. Peress was a Managing Director of Crystal Capital, where he led the fund’s Special Situations investing strategy. Prior to that, Mr. Peress was a Managing Director and General Counsel of an asset disposition firm located in Needham, MA...

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