BearingPoint 'Goes to Bat' for Sport Chalet to Improve Business Processes in over 40 Retail Stores

MCLEAN, Va., Dec. 12 /PRNewswire-FirstCall/ -- BearingPoint, Inc. , one of the world's largest management and technology consulting firms, today announced it has won a 10-month contract to implement a new finance and merchandising system for Sport Chalet , a $350 million regional specialty sporting goods chain with 45 stores throughout California, Nevada and Arizona. BearingPoint will lead the integration of the new SAP For Retail and mySAP ERP application throughout Sport Chalet's diverse enterprise.

Sport Chalet engaged BearingPoint in March, 2006, to define requirements and select a new system that would serve as a foundation for its current operations, and support store expansion and growth plans. Sport Chalet was looking for an integrated system to provide visibility of key metrics to improve decision making and automate manual processes. BearingPoint helped define business processes based on leading retail practices which, in turn, will enable Sport Chalet to improve efficiency and enhance customer service in its stores.

The new SAP system will allow Sport Chalet to establish a unified platform for multi-channel selling and distribution, both Web and catalog based. It will also provide Sport Chalet's merchants, warehouse personnel, vendors and management the ability to analyze and research data more effectively for better inventory control.

"BearingPoint's reputation for delivering high-quality SAP solutions was integral in securing this significant project," said Andy Williams, a managing director in BearingPoint's commercial services practice. "In addition, our extensive experience implementing SAP solutions will further help Sport Chalet integrate the system as the company continues to grow."

"BearingPoint was initially brought in to help us maximize our competitive advantage in the specialty sporting goods marketplace by replacing our legacy systems," said Howard Kaminsky, CFO, Sport Chalet. "In the time that we have worked with BearingPoint, they have shown a deep level of expertise regarding our business processes. Their extensive experience in financial and merchandising systems as well as their proven track record in delivering innovative consulting services to clients in the consumer markets space were both integral in awarding them this additional engagement. With BearingPoint's support in implementing the new SAP solutions, we will have the right technology and systems in place to improve processes and productivity across our organization as well as support our ongoing expansion."

About Sport Chalet, Inc.

Sport Chalet, founded in 1959 by Norbert Olberz, is a leading operator of full-service specialty sporting goods stores in California, Nevada and Arizona. The Company offers over 50 services for the serious sports enthusiast, including backpacking, canyoneering, and kayaking instruction, custom golf club fitting and repair, snowboard and ski rental and repair, SCUBA training and certification, SCUBA boat charters, team sales, racquet stringing, and bicycle tune-up and repair throughout its 45 locations. The address for Sport Chalet's web site is http://www.sportchalet.com/.

About SAP

SAP is the world's leading provider of business software*. Today, more than 36,200 customers in more than 120 countries run SAP(R) applications -- from distinct solutions addressing the needs of small and midsize enterprises to suite offerings for global organizations. Powered by the SAP NetWeaver(R) platform to drive innovation and enable business change, SAP software helps enterprises of all sizes around the world improve customer relationships, enhance partner collaboration and create efficiencies across their supply chains and business operations. SAP solution portfolios support the unique business processes of more than 25 industries, including high tech, retail, financial services, healthcare and the public sector. With subsidiaries in more than 50 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE under the symbol "SAP." (Additional information at http://www.sap.com/)

About BearingPoint, Inc.

BearingPoint, Inc. is one of the world's largest providers of management and technology consulting services to Global 2000 companies and government organizations in 60 countries worldwide. Based in McLean, Va., the firm has over 17,000 employees and major practice areas focusing on the Public Services, Financial Services and Commercial Services markets. For nearly 100 years, BearingPoint professionals have built a reputation for knowing what it takes to help clients achieve their goals, and working closely with them to get the job done. For more information, visit the Company's website at http://www.bearingpoint.com/.

(*) SAP defines business software as comprising enterprise resource planning and related applications such as supply chain management, customer relationship management, product life-cycle management and supplier relationship management.

Some of the statements in this press release constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. These statements are based on our current expectations, estimates and projections. Words such as "will," "expects," "believes" and similar expressions are used to identify these forward-looking statements. The forward-looking statements in this press release include, without limitation, statements about claimed defaults with respect to the Company's Series A and Series B Debentures and potential consequences. These statements are only predictions and as such are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Forward-looking statements are based upon assumptions as to future events or our future financial performance that may not prove to be accurate. Actual outcomes and results may differ materially from what is expressed or forecast in these forward-looking statements. As a result, these statements speak only as of the date they were made, and the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.