Who We Are• Private Financial Services Advisory Firm

• Concentrate on Middle Market Companies & Banks

• Five Principals With Extensive Core Experience

• Solve Client Operational and Financial Challenges without layers of consultants

Our Services

• Financial Restructuring and Capital Advisory

• Turnaround/Crisis Management & Interim Management Support

• Credit Restructuring & Bank Negotiation Consulting

• Real Estate Restructuring

Our Value Proposition

• Senior Level Experience with Hands on Approach

• Extensive Capital Markets Network

• Flexible Compensation Structure

Management Biographies

• Sid Cohen- Former CEO/CFO with extensive turnaround, capital markets and financial consulting experience

• Dennis Fiore- Accomplished CFO/CPA with broad turnaround expertise, including bankruptcy planning and execution

• Bill Cadigan- Certified Turnaround Professional with diverse industry experience

Management Biographies (continued)

• Ken Naglak- Senior Banker with broad lending capabilities and bank side workout experience

• Neil Whitman- Senior Lender with wide-ranging capital markets background and equipment finance knowledge

Case Studies..for Companies in need of:

•Refinancing & restructuring debt

•Restructuring business & interim CFO services

•CFO services for bankruptcy planning, filing and execution

Public Company -- US Shipping Partners, LP -- Edison, NJ

• As Interim CFO helped plan and execute Chapter 11 bankruptcy filing

• Renegotiated significant reductions in secured debt as basis for the Plan of Reorganization

• Developed 13-week cash forecasting system to sustain business, gain confidence of stakeholders, and meet compliance requirements of the Plan

• Company successfully emerged from Chapter 11 as a stronger, leaner private company

Other Sample Restructuring Experience:

• Akrion, Inc.– CFO of this private company purchased in a 363 sale of its predecessor public company, SubMicron Systems. Multiple refinancings over 6-year period in troubled semiconductor equipment industry.

• Direct Mail Group– Interim CFO of troubled printing company required significant debt restructuring, in addition to strict covenant compliance measurement and reporting.

• AmQuip Crane Rental– Interim CFO representing buyer. Helped raise debt capital on Wall Street to close transaction and rebuilt finance team.

• Skip’s Clothing– Supplier to Tommy Hilfiger. Stepped in as CFO post-bankruptcy after resignation of incumbent.

• Nutracea– Public Company– Interim CFO to accommodate significant, multi-year restatement of financials prior to the Company filing for Chapter 11.

• Mikasa, Inc.—Stepped in as Interim CFO after incumbent resigned in the middle of the sale process.

Public Company – Phoenix AZ• As Restructuring CFO led effort to take company into

Chapter 11.

• Sold non-strategic assets to fund Chapter 11 and pay-off bank

• Filed joint plan with the Creditors Committee

• Company has emerged from Chapter 11 with stock trading 50% higher with equity intact.

Gym Chain – Washington DC• Upscale gym chain referred by Wachovia with exposure

of $9 MM

• Cut costs and negotiated closure of two unprofitable gyms

• Restructured debt to be repaid in seven years

• Currently negotiating to sell remaining gym locations

Nursing Home – Trenton NJ• Refinanced $8.5MM mortgage debt for investor owned

property with high medicaid component

• Significant borrower issues due to unpaid taxes and judgments

• Moderate LTV and adequate historical cash flow

• Attractive to community bank lender with health care expertise

COMPANY CONTACT INFORMATION

• Strategic Capital Investments LLC41 University DriveNewtown PA 18940

www.scillc.net

• Please direct all inquiries to Sidney Cohen scohen@scillc.net

office-215-809-2088cell- 215-820-9925

AppendixSidney H. Cohen - Managing Director and Founding Member

Strategic Capital Investments LLC was founded by Sidney H. Cohen in 1999. Mr. Cohen is an accomplished financial executive with experience principally as a CFO, CEO, and financial consultant to middle market, private and public companies. His experience includes SEC reporting, business acquisitions and divestitures, numerous rounds of raising debt and equity, turnaround consulting, IPO transactions, financial modeling, budgeting and strategic planning. He has an in-depth knowledge of financial services, distribution, medical equipment, construction and manufacturing industries.

Mr. Cohen was the initial CFO of Sybron Chemicals, Inc. for eight years from 1987 to 1995. This was a $200 million plus revenue international manufacturer of specialty chemicals which was purchased by a management group in 1987 with funds from Citicorp's equity group, a Drexel Burnham junk bond and senior debt from a major financial institution. The company went public in 1992, and made a number of acquisitions of other chemical companies during the early to mid 1990s. In 1995, Mr. Cohen, with an equity sponsor, purchased a $100 million dollar specialty chemical company headquartered in North Carolina. The $85 million acquisition was funded through an equity group, a subordinated funds lender and senior debt. In late 1999, Mr. Cohen left to found Strategic Capital Investments LLC. Since 1999, SCI has successfully performed numerous engagements with companies in all types of industries many with significant financial challenges.

Mr. Cohen received a Bachelor of Arts degree from Temple University and a Master of Business Administration degree from Drexel University with a concentration in Finance.

E-mail: scohen@scillc.net Cell: 215-820-9925

Kenneth M. Naglak - Managing Director

Kenneth M. Naglak has over 30 years of experience in corporate finance and lending, loan syndications, sales and corporate relationship development. He has worked extensively with a number of money center, regional and international lending institutions and has a successful track record of helping companies of all sizes achieve their financial goals.

Mr. Naglak began his career with Midlantic Banks, Inc. helping with corporate planning activities and the Bank’s acquisition strategy during a time of high acquisition growth. Upon leaving, he joined The Bank of Nova Scotia New York Agency one of Canada’s leading financial institutions undertaking large corporate lending activities to Fortune 500 companies throughout the US. Mr. Naglak then became associated with Chemical Bank NJ’s Middle Market Lending Group which became PNC Bank in 1995. With comprehensive experience in banking, both as a relationship manager and a credit officer, he has broad knowledge of a wide variety of industries and the life cycle stages companies’ experience. For the last nine years he has worked as a financial consultant helping companies identify structure and negotiate the best possible financing strategies in support of their corporate objectives. Through his extensive lending experience, he is fully conversant in the multitude of corporate finance, lending and other banking products offered by financial institutions today.

Mr. Naglak holds a Bachelor’s degree in Economics from The Wharton School of the University of Pennsylvania graduating Cum Laude and a Masters of Business Administration degree from New York University with a specialty in Finance. He is also a member of the Turnaround Management Association and the Garden State Credit Association.

E-mail: knaglak@scillc.net Cell: 609-468-2474

Dennis J. Fiore, CPA – Managing Director

Dennis J. Fiore has over twenty-five years of executive-level financial and general management experience, including fifteen years as a CFO. With large-to-mid-sized companies in both public and private settings, he has recorded an outstanding track record of restoring troubled businesses to profitability, developing strong management teams, and formulating and executing business plans. His expertise in restructuring businesses is fueled by competencies in the use of management accounting to solve operating problems, financial reporting and compliance, raising capital, cash management, mergers and acquisitions, and new business integration. His excellent communication and interpersonal skills also enable him to be adept at developing and maintaining relationships with investors, bankers, vendors, and board members. His diverse industry experience includes high-tech semiconductor equipment, industrial equipment and controls, chemicals manufacturing and transportation, direct-mail printing, manufacturing services, and shipping.

He has performed interim CFO services for a variety of clients in need of significant change management and technical leadership. Most recently Mr.Fiore spent sixteen months as the interim CFO for a publicly held shipping company. He helped lead the company through the planning, filing, and successful execution of a Chapter 11 bankruptcy as a means of restructuring its debt with existing lenders. Despite inheriting the loss of key technical staff, all public filings were made in a timely fashion and the finance organization was restructured to accommodate the needs of a private, smaller business after emergence from bankruptcy.

Mr. Fiore holds a B.A. in Liberal Arts, with magna cum laude distinction, from LaSalle University, and an M.B.A. in Accounting from Rutgers University. He is a CPA and a member of the American Institute of Certified Public Accountants.

E-mail: dfiore@scillc.net Cell: 610-217-8129

Neil Whitman – Managing Director

Neil Whitman has over 25 years of experience in corporate finance, secured equipment financing and leasing, and over 10 years of experience in the capital markets. He has worked extensively with middle market companies in the transportation, graphic arts, manufacturing, medical, and franchise industries.

Mr. Whitman began his career at Strick Corporation, a privately-held manufacturer and lessor of truck trailers where he was Director of Marketing. He then joined PLM Financial Services and successfully structured operating leases for national and international users of transportation equipment. Mr. Whitman next joined US Leasing, a unit of Ford Financial Services and one of the pioneers in the leasing industry. When US Leasing was later acquired by Mellon Bank, Mr. Whitman was asked to help develop their capital markets group and syndicated a wide range of leases and loans to money center banks, regional banks and commercial finance companies throughout the United States. Upon the acquisition of Mellon US Leasing by GE Capital, Mr. Whitman joined GE’s Intermediary Funding group, sourcing a full range of secured leases and loans from regional and national financial institutions. Skilled in credit analysis, tax issues, transaction structuring, and equipment values. Mr. Whitman has broad experience in operating leases, tax-exempt financing, sale/leasebacks, IT leasing, corporate aircraft, marine assets, and many other assets. He understands what borrowers are looking for in a lender and how to meet the needs of lenders in today’s challenging times.

Mr. Whitman holds a Bachelor’s degree in Engineering from Tufts University where he graduated Magnum Cum Laude and was elected to Tau Beta Pi, and a Masters of Business Degree from the Columbia University Graduate School of Business with a concentration in Finance and Marketing. He is a member of the Equipment Leasing and Finance Association and the National Equipment Finance Association.

E-mail: nwhitman@scillc.net Cell: 267-885-3939

William J. Cadigan- Managing Director

Bill Cadigan is a Senior Financial Manager with over 30 years’ experience in all aspects of accounting, financial planning, and MIS. He has experience in business relocation, restructuring, and asset utilization improvement. Mr. Cadigan has focused on being the CFO in turnaround situations is a Certified Turnaround Professional (CTP) and a Certified Insolvency and Restructuring Advisor (CIRA). In turnarounds, Mr. Cadigan’s strategy is to work closely with the Senior Lender, communicating on a frequent basis to establish a relationship that benefits both the client and the Senior Lender for the long term.

Most recently he stepped in as CFO of a public company under investigation by the SEC, needing a three year restatement of it’s financials, and experiencing a shareholder lawsuit. Mr. Cadigan took the company through the Chapter 11 process, successfully negotiating a consensual plan of reorganization, successfully issuing new financial statements and settling the lawsuit.

In addition to his turnaround and bankruptcy work, Mr. Cadigan has had extensive experience with retailers (Mikasa, Betsey Johnson, Laura Ashley), manufacturers (Otis and Carrier), service companies (Burns Security and Coyne Textile Services) and consumer products companies (California Tan and Candies and Brooks Shoes).

Mr. Cadigan received a Bachelor of Arts in Business Administration from Rutgers College, an MBA in Public Accounting from Baruch College, CUNY, and a Master of Management from the Kellogg School at Northwestern University.

E-Mail: wjcadigan@scillc.net Cell: 717-314-0154