FOR IMMEDIATE RELEASE

Gary J. Sbona Receives
San Jose State University, College of Business
Distinguished Alumni Award

San Francisco, CA — March 24, 2004 — Regent Pacific Management Corporation, a global provider of restructuring and renewal services to underperforming companies, today announced that Gary J. Sbona, chairman and chief executive officer, has been awarded the 2004 Distinguished Alumni Award from the College of Business at San Jose State University. Sbona will be honored at the 46th Annual Corporate-Student Awards Banquet to be held tonight. The Distinguished Alumni award honors a member of the College's Alumni who is outstanding in his/her profession and community involvement. Sbona graduated with the San Jose State University's College of Business class of 1966.

"We are delighted to honor Gary with the 2004 Distinguished Alumnus award. Gary's professional success and commitment to the community epitomizes what we hope all of our graduates will strive to achieve. He is a tremendous role model for our students and all of us at the College of Business," said David. W Conrath, Dean of College of Business at San Jose State University.

"My education at San Jose State University's College of Business has been invaluable to me throughout my career. I'm honored to receive this award and look forward to continuing my long association with the College of Business," commented Gary J. Sbona, chairman and chief executive officer of Regent Pacific Management Corporation.

Other recent recipients of the Distinguished Alumnus award include Richard Conniff, President and COO of Heritage Commerce Corporation; Fernando Zazueta of the Zazueta Law Firm; Gary M. Silver, M.D., Cardiac and Thoracic Surgeon; Peter Jacobi, former President, Levi Strauss International; Richard Previte, former President and Chief Operation Officer, Advanced Micro Devices, Inc.; Peter Ueberroth, President, Contrarian Group,Inc. and President of the 1984 Olympic Organizing Committee and former Commissioner of Major League Baseball.

About San Jose State University College of Business

The SJSU College of Business is the institution of opportunity providing innovative business education and applied research for the Silicon Valley region. For more information see http://www.cob.sjsu.edu.

About Regent Pacific

Established in 1974, Regent Pacific Management Corporation is a global firm specializing in the restructuring, recovery, and renewal of underperforming companies. Regent Pacific operates worldwide from its headquarters in San Francisco and its offices in New York, London, and The Hague. Regent Pacific Management Europe AG is headquartered in Zug, Switzerland. More information on the company is available at www.Regent-Pacific.com, or by phoning (415) 391-8500.

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Contacts: Julie McHenry
Communications Insight
jmchenry@sbcglobal.net
(650) 347-1333
  Melanie McNulty
Director, Corporate Marketing
mmcnulty@regent-pacific.com
(415) 391-8500