'Main Street' Bondholders Gather in Philadelphia

Seniors and Retirees Left Out of GM Bankruptcy Negotiations Rally to Save Pensions and Keep GM Solvent

PHILADELPHIA, May 11 GM "Main Street" bondholders, who stand to be financially hurt by the impending bankruptcy of the Fortune 500 Company, will gather on Tuesday, 9:15 a.m., May 12th, to voice their concerns about being left out of the GM bankruptcy negotiations and their interest in a fair and equitable solution.

Following a recent gathering of hundreds of small bondholders in Warren, MI, Philadelphia City Controller Alan Butkovitz and the Main Street Bondholders gather to discuss the nationwide impact of this bankruptcy issue. About a quarter of all GM bondholders are average American citizens that invested in a once viable company to setup their future financial plans, which included settling into retirement, medical expenses, small businesses, and providing for their children's college fund.

WHAT: "Main Street" Bondholder Press Conference
*Refreshments will be served*

WHO: Alan Butkovitz, Philadelphia City Controller

Robert Traynham, Host, "Roll Call with Robert Traynham" on Comcast Network

Amy Noone Frederick, Vice President, The 60 Plus Association

Mark, GM Bondholder, Business Manager at a Saturn Car Facility from Chalfonte, PA

James, GM Bondholder, Retired Employee Benefits Plan Advisor from Long Island, NY

Bill, GM Bondholder, Semi-retired Attorney from Harrisburg, PA

Chris, GM Bondholder, Retired Electrician from Denver, Colorado

Joan, GM Bondholder, Retiree, from Essex, CT

WHEN: Tuesday, May 12 at 9:15 a.m.

WHERE: National Constitution Center, Independence Mall, 525 Arch St, Philadelphia, PA 19106