Consensus Appointed Financial Advisor to the Official Committee of Unsecured Creditors in the Gems TV (USA) Limited Chapter 11 Bankruptcy

BOSTON, MA – The investment banking and financial advisory services firm Consensus Advisory Services today announced that it has been engaged as financial advisor to the Official Committee of Unsecured Creditors of Gems TV (USA) Limited, a retailer of genuine colored gemstone jewelry via its 24/7 home shopping channel, GemsTV, which reaches approximately 37 million viewers through satellite television providers such as DirecTV, Inc. and Dish Network, select cable markets and its internet-based storefront, www.gemstv.com. The company filed for Chapter 11 protection on April 5, 2010. The Chapter 11 case (No. 10-11158) was filed in the United States Bankruptcy Court for the District of Delaware.

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About Consensus: Consensus Advisors is a boutique investment banking and financial advisory firm based in Boston. We focus on complex transactions for companies undergoing significant transformation of their business models. Our professionals have decades of relevant industry experience representing and advising companies, entrepreneurs, investors, creditors and lenders in financial and brand equity transactions. We have extensive relationships with multiple resources necessary to help companies at every stage of development including commercial banks, private equity, venture capital and hedge funds, factors, investors in distressed assets, and real property and equipment lessors. Consensus approaches each engagement with discipline, diligence and confidentiality. All of our senior professionals have extensive advisory backgrounds, as well as years of experience as senior executives or principals of one or more operating companies. Capital raising activities are undertaken through Consensus Securities LLC, a member of the FINRA and the SIPC.