ALPHA ASSET MANAGEMENT PRESENTATION OF SERVICES

AALLPPHHAA“Leader of the Pack”

Alpha Asset Management Services

Leader of the Pack www.alphaams.com

ALPHA ASSET MANAGEMENT

PRESENTATION OF SERVICES



LETTER FROM

the president


Autrey Capital Group (ACG) and ALPHA were formed with the idea of achieving a common goal that wouldallow both companies to exist and in fact, flourish in both good and bad economies. ACG is an independentthird party intermediary whose main purpose is to originate quality loans and leases for finance companiesthrough a syndication process. ACG works directly with many of the industry giants including GE Capital,Wells Fargo, FCC, Navistar, CNH Capital, TCF, and US Bancorp. Our exceptional service, high ethical standards,and ability to do business in this specialized capacity sets us apart from other companies. The relationshipswe have formed nation-wide have allowed ACG to continue growing into a leader in the equipment financeindustry.

From the beginning (1999), our business model has included an asset management function to offer compre-hensive financial services. After working for many years in this industry, I recognized the need for financialcompanies to have a liason whom they could trust and rely on for information and assistance. Also, I havediscovered that many dealers have different objectives and are not always dedicated to helping out thefinance companies. Their incentives lie in the sale of new equipment, and rarely are they compensated wellfor selling used euipment. My company wants to continue providing service on the front end of transactions,but also be there to help alleviate problems and issues that arise in the event that an account goes into default.

Therein, lies the value of why ALPHA was created. We are interested in the following:� Creating a long term TRUST between you and Alpha� Helping you MINIMIZE your expenses in the recovery process� Making credible and accurate recommendations concerning refurbishment needs

in order to achieve maximum return � MAXIMIZING the return on the asset in the remarketing stage by finding the best markets to sell the unit

We feel that we are the best suited in the industry to achieve the goals stated above because we understandthat YOU are the customer. Streamlining the recovery process, maximizing your return, and developing along-term trusting relationship are our #1 objectives. Thank you for your time and we look forward to havingyou as a client.

Bert AutreyPresidentAutrey Capital and Alpha Asset Management Services



Repossessions� Voluntary � Involuntary� Available in contiguous 48 states

Refurbishment� Condition Reports� Asset Valuation� Repair Estimates

Remarketing� Retail to End User� Wholesale� Export Markets

Auctions� JM Wood Auction Co� Onsite auctions

Appraisals� End of Lease� Refinancing� Inspections of Collateral� Expert Opinion in Bankruptcy & Default Litagation

SERVICES




LOCATIONS


Montgomery, AlabamaOrlando, FloridaJasper, GeorgiaColumbia, South Carolina Mercerville, New JerseyDallas, TexasHouston, TexasOklahoma City, OklahomaFishkill, New YorkGrants Pass, OregonGrand Terrace, CaliforniaLondon, KentuckyMemphis, TennesseePrice, Utah



JM Wood Auction Company, Affiliated Auction House

� Specializing in Construction, Forestry, Agriculture, and Transportation auctions

� 4 Auctions in Montgomery, Alabama per year

� 3 Auctions in Columbia, South Carolina per year

� Advertise to over 75,000 prospective buyers nationally and internationally

� Have the ability to hold on site auctions

� Offer Reserves on equipment consigned for auction

AUCTIONS




� All Alpha Locations have the ability to perform any repairs

necessary to ready assets for resale

� Detailed condition reports and digital pictures of the assets will

be provided upon arrival at our yard

� An estimate for all recommended repairs for review and approval

� Ability to dismantle, refurbish, and reinstall concrete and asphalt plants,

refineries, and most any other industrial or manufacturing facility

REFURBISHMENT




� Voluntary and Involuntary Repossessions

� Multiple locations across the country to assure a hands on effort to

recover your assets with one phone call

� Competent and skilled individuals handle your repossessions by the book

� Timely Communication and updates to keep you informed

� Fenced and Secure Storage Locations

� Single or Multiple Assets

REPOSSESSIONS


Competitive Pricing

Voluntary Repo Fee: $450.00

Involuntary Repo Fee: Varies per situation



� Upon arrival we will provide an asset valuation to help determine the best remarketing strategy for each asset

� Our Locations are in high visibility locations to maximize the exposure to your assets for sale

� We have salesmen in the field to provide a retail sales effort to the end user

� Retail and Wholesale Marketing via our website and emails

� Wholesale marketing through our extensive dealer network

� Contacts in major developing nations for resale to the export markets

Remarketing




� On site Appraisals & Inspections

� Desk top Appraisals

� End of lease appraisals and inspections

� Asset Evaluation for distressed accounts

� Different values we can provide

Fair Market Value

Orderly Liquidation Value

Forced Liquidation Value

APPRAISALS




Fair Market Value-FMV—A professional opinion of the estimated most probable price expressed in

terms of currency to be realized for property in an exchange between a willing buyer and a willing

seller, with equity to both, neither being under compulsion to buy or sell, and both parties fully aware

of all relevant facts as of the effective date of the appraisal.

Orderly Liquidation Value-OLV—A professional opinion of the estimated most probable price

expressed in terms of currency which the subject equipment could typically realize at a privately

negotiated sale, properly advertized and professionally managed, by a seller (ALPHA Management

Services Asset) obligated to sell over an extended period of time, usually within six to twelve months,

as of the effective date of the appraisal report. Further, the ability of the asset group to draw sufficient

prospective buyers to insure competitive offers to be considered. All assets are to be sold on a piece-

meal basis “as is” with purchasers responsible for removal of assets at their own risk and expense. Any

deletions or additions to the total assets appraised could change the psychological and/or monetary

appeal necessary to gain the value indicated.

Forced Liquidation Value—FLV—a professional opinion of the estimated most probable price

expressed in terms of currency which could typically be realized at a properly advertized and con-

ducted public auction sale, held under forced sale conditions and under present day economic trends,

as the effective date of the appraisal report. Conclusions taken into consideration are physical location,

difficulty of removal, physical condition, adaptability, specialization, marketability, overall appearance

and psychological appeal.

DEFINITIONS

OF VALUES


Further, the ability of the Asset Group (ALPHA Asset Manage-

ment Services) to draw sufficient prospective buyers to insure

competitive offers is considered. All assets are sold on a piece-

meal basis “as is” with purchasers responsible for removal of as-

sets at their own risk and expense. Any deletions or additions to

the total assets appraised could change the psychological

and/or monetary appeal necessary to gain the value indicated.



BIOGRAPHIES


Bert Autrey President

26 Years in the financial services industry.

Leary & Owens Equipment Company - Controller/Finance Manager - responsible for keeping financial booksand records for the company. Also responsible for placing all of the retail/wholesale paper along with managingthe relationships of various lenders. Dealership sold construction, utility and forestry equipment

Credit Alliance/Orix - Vice President Sales- responsible for development of territories to generate loans/leasesfrom the construction, forestry, transportation, utility, machine tool and other markets. Origination volumes forthe last 10 years at Orix exceeded $30m per year. Held company record at the time for $50m in one year. Also,leader of volume and profit on a national level for the last 8 years of employment.

Newcourt Financia l- Account Executive- the first person to be hired in the southeast by rapidly growing finan-cial company. Managed 3 states soliciting loans/leases from construction, forestry, transportation industries.Assisted Newcourt in growing a very large portfolio within a 4 year time period. Achieved national recognitionfor sales and profit achievements and remained in the top 5 nationally for duration of Newcourt until we werepurchased by CIT.

Business owner of Autrey Capital Group since 1999. Founded Value Centers (later succeeded by Alpha Asset Management Services)

Autrey Capital- Independent 3rd party originator for numerous financial institutions in the finance industry,including GE Capital, Wells Fargo, TCF, Navistar, FCC, CNH Capital and others. 2007 was a record year yielding$40mm in volume. Outlook for 2008 is tracking at a 50% increase in volume.

Alpha Asset Management Services- founded company to assist the same lenders above and others in theliquidation of repossessions and lease returns. Services include recovery, refurbishment and remarketing ofany types of assets that lenders need assistance. Very professional staff with many years of experience. Goaland main objective is to minimize costs in the recovery process of asset and to maximize return in the remar-keting of the same asset.

Member of ELFA, NAELB, ARBA, ATA

CONTACT INFORMATION:Bert Autrey11091 Atlanta HighwayMontgomery, AL 36117

ph: 334-558-0875cell: 334-324-9623email: [email protected]



BIOGRAPHIES


Norman HoechstetterVice President

36 Years in the financial services industry 15 of those years as an asset manager for the following lenders:

Westinghouse Credit Corp - 4 years as the National Asset Manager responsible for appraisals, repossessions,

refurbishment, remarketing of Eastern Appalachian coal mining equipment.

Citicorp Industrial Credit. - 4 years VP Asset Manager responsible for repossession, repair, and remarketing of

Texas/Oklahoma oil field equipment.

Deutsche Credit Corp. - 3 years as VP Asset Manager/Regional Manager responsible for repossessions, repair,

and remarketing of Agriculture Construction and Oil Field Equipment.

Orix Financial Services - 4 years as SVP Asset Manager responsible for repossession, repair, and remarketing

of Construction equipment, Trucks, Trailers, Limos, Busses, Logging, and Printing equipment.

Chammp International - 4.5 years in the export business traveling throughout the Middle East selling new &

used construction equipment, trucks, and after market parts.

Alpha Asset Management Services – Vice President Responsible for managing and maintaining relationships

with Financial Institutions, overseeing all retail, wholesale, and export marketing efforts, and Appraisals.

CONTACT INFORMATION:Norman Hoechstetter11091 Atlanta HighwayMontgomery, AL 36117

ph: 334-706-268-1093cell: 404-414-8229email: [email protected]



BIOGRAPHIES


John ColesVice President of Operations

7 years Experience in the financial services industry

Autrey Capital Group, Sales Associate - responsible for originating new loans and leases in Construction, Trans-portation, Forestry, Mining, and other markets, by developing relationships with dealers and end users. Otherduties included syndicating retail paper and maintaining relationships with Lenders and Financial Institutions.

Value Centers, Manager of Operations/Sales – Main duties were to manage and remarket repo and off leaseequipment for Lenders that include GE, CIT, Wells Fargo, DFS, TCF. Performed all services provided by Value Cen-ters including; detailed condition reports, asset valuation, repair and maintenance reports, repossessions, haulinglogistics, remarketing to retail and wholesales markets, and asset inspections. Provided on site inspections andappraisals to aid in lease returns, refinances, and repossession strategies. Managed Value Centers yard and allaspects of inventory and refurbishment of consigned assets prior to remarketing. Responsible for communica-tion to Financial Institutions about their assets and helped negotiate best possible sale price for those assets.

Autrey Capital Group, Vice President of Finance / Asset Management – Responsible for equipment valuations,inspections, on site appraisals, and desk top appraisals necessary for Autrey Capital to originate retail paper.Managed and ran all operations including, financial books and records, cash flow management, funding of AutreyCapital transactions, documentation, and account collections. Managed relationships with various financial in-stitutions and oversaw syndication of retail paper to those Institutions.

Alpha Asset Management Services , Vice President Operations – Responsible for all operations including, finan-cial books and records; coordinating repossessions for numerous financial institutions in all 48 states; inventorymanagement of consigned equipment on all Alpha yards; refurbishment of inventory prior to sale and on siteinspections and appraisals when required; remarketing of consigned inventory; communication with AssetManagers of financial institutions regarding values, condition, and marketing strategies of consigned equipment.

CONTACT INFORMATION:John Coles11091 Atlanta HighwayMontgomery, AL 36117

ph: 334-558-0875cell: 334-467-5955fax: 334-558-0876email: [email protected]



BIOGRAPHIES


Lee T. WhittmanAsset Manager

Specializing in the heavy-duty commercial truck market. His services includes sales, marketing, appraisals, eval-uations, inspections and training. Two of his most recent projects include assisting “a .com construction auction”company and a research company introducing their products into the heavy-duty truck market. His writingappears in a number of trade magazines. (The latest: Exporting appears in Heavy Duty Trucking)

Prior to establishing T Q M Company, Lee served in various key management positions with international truck manufacturers, finance and auction organizations including:

Mercedes Benz of North America - Responsible for the development of the franchised network of truck dealersin the northeast USA. Developed & implemented the national truck remarketing program. Member of the two-member team responsible to assess the assets of the White Motor Corp. for the possible intent of an acquisition.Volvo Trucks of NA. A member of the start up management team when Volvo purchased White Motor Corp.Responsible for the development and implementation of Volvo’s national remarketing efforts.

Navistar (International Harvester Company). Responsible for a regional truck dealer organization and, as thegeneral manager, successfully returned a factory owned dealership to profitability. Consolidated three companyowned dealerships into one, centrally located mega dealership.

Forke Bros. Auctioneers, Inc. Established a truck division for a construction oriented national auction company.

Orix Financial Services, Inc. Successfully liquidated a three hundred million dollar portfolio of trucks, trailers andbusses with an above average return. Other activities include serving as a consultant and trainer within theindustry and presented at national conferences. Developed training videos and his writings can be found in trans-portation publications.

ALPHA ASSET MANAGEMENT PRESENTATION OF SERVICES

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