� �

M E R I D I A N P O I N T PA RT N E R S

101 California Street, Suite 2450

San Francisco, CA 94111

Tel: (415) 946-8840 Fax: (415) 946-8801

www.meridianpointpartners.com

Successfully navigating the lower middle market.

P R I N C I PA L S

Lewis E. Byrd, Managing DirectorMr. Byrd has over 25 years of general management, fi nance and private equity experience. In addition to his work with Meridian, Mr. Byrd serves as a General Partner of Opportunity Capital Partners (OCP), a private equity fi rm based in Fremont, California with over $140 million under management. OCP’s investors include Bank of America, California Public Employees Retirement System (CalPERS), Fairview Capital and Wells Fargo Bank. He has managed OCP’s investment activities with numerous portfolio companies including Argon Industries, Dogloo, PrimeCo Communications, Simeus Holdings, Teldata and TV One. Prior to joining OCP in 1990, Mr. Byrd served as Plant Manager of Talco Metals, a continuous casting metals producer based in Philadelphia, Pennsylvania with over $125 million in revenue. He spent seven years in the investment banking industry with the First Boston Corporation and PaineWebber Inc. He holds an MBA in general management from the Harvard Business School, and a B.A. in Economics from Harvard College.

Tony Powe, Managing DirectorMr. Powe has over 15 years of fi nancial, investment, and general management experience. In addition to his work with Meridian, Mr. Powe serves as a Managing Director of TPW Investments LLC, a private investment fi rm focused on acquiring and operating lower middle market companies. In June 2006, TPW Investments completed an acquisition of North American Conveyor, a Los Angeles based materials handling manufacturer with annual sales in excess of $24 million. Prior to co-founding TPW Investments, Mr. Powe worked with Opportunity Capital Partners where he evaluated and managed equity and mezzanine debt investments in a number of private companies that have collectively raised over $400 million from various fi nancing sources. Before joining OCP, Mr. Powe worked with Merrill Lynch in its Structured Financial Products Group and with Exxon as a Territory Manager serving the general manufacturing, chemical and power generation industries. Mr. Powe holds an MBA from the MIT Sloan School of Management and a B.S. in Mechanical Engineering from the University of Tennessee at Knoxville.

A D V I S O R Y B O A R D

Meridian’s Point Partner’s advisory board provides strategic advice and signifi cant business networks to the principals. Meridian’s ability to leverage their experience and relationships provide tangible benefi ts to each of the companies it acquires.

Aurelio Barreto Aurelio Barreto is the Founder and CEO of C28, a company which markets Christian merchandise (apparel, jewelry, gifts, etc.) through six retail locations in California and via the internet. C28’s branded apparel is sold under the name “Not of This World”. From 1986 through 1997 Mr. Barreto served as President and CEO of Dogloo, Inc., the nation’s largest manufacturer and distributor of pet shelters, primarily doghouses. Headquartered in Corona, California with a manufacturing facility in Indianapolis, Indiana, Dogloo grew from a start-up to become the major supplier of pet shelter products to Wal-Mart, Sam’s Club,

Mr. Rice earned his MBA in Operations and Finance from the Harvard Business School, and a Bachelors Degree in Mechanical Engineering from the University of Notre Dame.

Arthur SimonArt Simon led the formation of the Garden Décor Group by combining four distinct stand-alone companies: Norcal Pottery, New England Pottery, Matthews Four Seasons, and Patio Products Sales Associates, companies with combined sales of $117 million. As President, Mr. Simon integrated the companies and streamlined management, operating systems and product mix. During his tenure as President of Norcal Pottery from 2002-2004, Mr. Simon managed an international group of partner factories in China, Italy, Vietnam, Thailand, Malaysia, Portugal, Mexico and the Dominican Republic which designed and produced proprietary products at gross margins that often exceeded 50%. Mr. Simon has a B.A. in Marketing Management from Golden Gate University.

LLC, a private investment fi rm focused on acquiring and operating

evaluated and managed equity and mezzanine debt investments in

A D V I S O R Y B O A R D

Meridian’s Point Partner’s advisory board provides strategic advice and signifi cant business networks to the principals. Meridian’s ability to leverage their experience and relationships provide tangible benefi ts to each of the companies it acquires.

Aurelio Barreto Aurelio Barreto is the Founder and CEO of C28, a company which markets Christian merchandise (apparel, jewelry, gifts, etc.) through six retail locations in California and via the internet. C28’s branded apparel is sold under the name “Not of This World”. From 1986 through 1997 Mr. Barreto served as President and CEO of Dogloo, Inc., the nation’s largest manufacturer and distributor of pet shelters, primarily doghouses. Headquartered in Corona, California with a manufacturing facility in Indianapolis, Indiana, Dogloo grew from a start-up to become the major supplier of pet shelter products to Wal-Mart, Sam’s Club, PetsMart and every major pet supply distributor in the country with revenues of over $60 million.

Robert R. Davenport, IIIRob Davenport is a Founder and Managing Director of RD Partners, LLC, a private investment fi rm focused on leveraged equity investments. Prior to forming RD Partners Mr. Davenport served as President and CEO of Covad International, the global broadband service provider and subsidiary of Covad Communications (NASDAQ: DVW). Mr. Davenport served as a member of MCI’s (NASDAQ: MCIP) board of directors until its merger with Verizon Communications, and currently serves on the board of directors of One California Bank, FSB (in formation). He holds a B.A. in Economics from Harvard College and MBA from the Harvard Business School. James B. Rice, Jr. Jim Rice is the Director of the Integrated Supply Chain Management Program and runs the Center for Transportation and Logistics Executive Education Program at the Massachusetts Institute of Technology (MIT). Mr. Rice’s research is focused on supply chain design, specifi cally on design for security and resilience. Prior to joining MIT, Mr. Rice managed manufacturing and distribution operations at Procter & Gamble, and served as a Sales and Market manager at General Electric Company. Mr. Rice earned his MBA in Operations and Finance from the Harvard Business School, and a Bachelors Degree in Mechanical Engineering from the University of Notre Dame.

Arthur SimonArt Simon led the formation of the Garden Décor Group by combining four distinct stand-alone companies: Norcal Pottery, New England Pottery, Matthews Four Seasons, and Patio Products Sales Associates, companies with combined sales of $117 million. As President, Mr. Simon integrated the companies and streamlined management, operating systems and product mix. During his tenure as President of Norcal Pottery from 2002-2004, Mr. Simon managed an international group of partner factories in China, Italy, Vietnam, Thailand, Malaysia, Portugal, Mexico and the Dominican Republic which designed and produced proprietary products at gross margins that often exceeded 50%. Mr. Simon has a B.A. in Marketing Management from Golden Gate University.

O V E R V I E W

Meridian Point Partners (“Meridian”) acquires lower middle market companies with revenues of $10 to $50 million and stable operating

earnings. We are operations-oriented investors experienced with private and family owned businesses. We seek to develop and grow

companies over the long-term as opposed to the short-term demands of the public markets. Meridian’s principals are well equipped to

assume an active role managing the acquired business.

As business professionals with operational, fi nancial and strategic backgrounds, Lewis Byrd and Tony Powe understand the opportunities

and rewards of investing in and managing small and middle market companies. With over forty years of experience in a variety of

businesses and industries, we have successfully enhanced the value of many mid-sized companies. We are aided by a stellar group of

entrepreneurs and business professionals who form Meridian’s advisory board.

D E S I R A B L E C H A R A C T E R I S T I C SMeridian targets “Little Leaders”—value added manufacturing, distribution and business services companies with signifi cant and defensible

shares of market in their respective industries which have many of the following characteristics:

• Stable and long-standing customer relationships

• Proprietary products or services

• Signifi cant level of recurring revenue

• High volume of repeatable transactions

• Operate in or serve industries with above average growth prospects

• Operate in a regulated industry

• Produce products or services which will benefi t from demographic and lifestyle shifts

T R A N S A C T I O N P R E F E R E N C E S• Change of control transactions that provide liquidity for exiting founders, corporate owners or institutional investors

• Opportunities to help management teams grow their companies through strategic acquisitions

K E Y F I N A N C I A L C H A R A C T E R I S T I C SMeridian targets companies that have sales of $10 to $50 million with attractive EBITDA margins and a minimum EBITDA range of

$1 to $5 million. We typically look for companies with at least three years of profi tability.

� �

The Meridian team brings together a wide range of investment, operating, and fi nancial experience. Meridian Point Partners acquires and assists in

building privately owned businesses. We provide current owners with liquidity and the enterprise with a partner committed to continued future growth.

P R I N C I PA L S

Lewis E. Byrd, Managing DirectorMr. Byrd has over 25 years of general management, fi nance and private equity experience. In addition to his work with Meridian, Mr. Byrd serves as a General Partner of Opportunity Capital Partners (OCP), a private equity fi rm based in Fremont, California with over $140 million under management. OCP’s investors include Bank of America, California Public Employees Retirement System (CalPERS), Fairview Capital and Wells Fargo Bank. He has managed OCP’s investment activities with numerous portfolio companies including Argon Industries, Dogloo, PrimeCo Communications, Simeus Holdings, Teldata and TV One. Prior to joining OCP in 1990, Mr. Byrd served as Plant Manager of Talco Metals, a continuous casting metals producer based in Philadelphia, Pennsylvania with over $125 million in revenue. He spent seven years in the investment banking industry with the First Boston Corporation and PaineWebber Inc. He holds an MBA in general management from the Harvard Business School, and a B.A. in Economics from Harvard College.

Tony Powe, Managing DirectorMr. Powe has over 15 years of fi nancial, investment, and general management experience. In addition to his work with Meridian, Mr. Powe serves as a Managing Director of TPW Investments LLC, a private investment fi rm focused on acquiring and operating lower middle market companies. In June 2006, TPW Investments completed an acquisition of North American Conveyor, a Los Angeles based materials handling manufacturer with annual sales in excess of $24 million. Prior to co-founding TPW Investments, Mr. Powe worked with Opportunity Capital Partners where he evaluated and managed equity and mezzanine debt investments in a number of private companies that have collectively raised over $400 million from various fi nancing sources. Before joining OCP, Mr. Powe worked with Merrill Lynch in its Structured Financial Products Group and with Exxon as a Territory Manager serving the general manufacturing, chemical and power generation industries. Mr. Powe holds an MBA from the MIT Sloan School of Management and a B.S. in Mechanical Engineering from the University of Tennessee at Knoxville.

A D V I S O R Y B O A R D

Meridian’s Point Partner’s advisory board provides strategic advice and signifi cant business networks to the principals. Meridian’s ability to leverage their experience and relationships provide tangible benefi ts to each of the companies it acquires.

Aurelio Barreto Aurelio Barreto is the Founder and CEO of C28, a company which markets Christian merchandise (apparel, jewelry, gifts, etc.) through six retail locations in California and via the internet. C28’s branded apparel is sold under the name “Not of This World”. From 1986 through 1997 Mr. Barreto served as President and CEO of Dogloo, Inc., the nation’s largest manufacturer and distributor of pet shelters, primarily doghouses. Headquartered in Corona, California with a manufacturing facility in Indianapolis, Indiana, Dogloo grew from a start-up to become the major supplier of pet shelter products to Wal-Mart, Sam’s Club,

Mr. Rice earned his MBA in Operations and Finance from the Harvard Business School, and a Bachelors Degree in Mechanical Engineering from the University of Notre Dame.

Arthur SimonArt Simon led the formation of the Garden Décor Group by combining four distinct stand-alone companies: Norcal Pottery, New England Pottery, Matthews Four Seasons, and Patio Products Sales Associates, companies with combined sales of $117 million. As President, Mr. Simon integrated the companies and streamlined management, operating systems and product mix. During his tenure as President of Norcal Pottery from 2002-2004, Mr. Simon managed an international group of partner factories in China, Italy, Vietnam, Thailand, Malaysia, Portugal, Mexico and the Dominican Republic which designed and produced proprietary products at gross margins that often exceeded 50%. Mr. Simon has a B.A. in Marketing Management from Golden Gate University.

LLC, a private investment fi rm focused on acquiring and operating

evaluated and managed equity and mezzanine debt investments in

A D V I S O R Y B O A R D

Meridian’s Point Partner’s advisory board provides strategic advice and signifi cant business networks to the principals. Meridian’s ability to leverage their experience and relationships provide tangible benefi ts to each of the companies it acquires.

Aurelio Barreto Aurelio Barreto is the Founder and CEO of C28, a company which markets Christian merchandise (apparel, jewelry, gifts, etc.) through six retail locations in California and via the internet. C28’s branded apparel is sold under the name “Not of This World”. From 1986 through 1997 Mr. Barreto served as President and CEO of Dogloo, Inc., the nation’s largest manufacturer and distributor of pet shelters, primarily doghouses. Headquartered in Corona, California with a manufacturing facility in Indianapolis, Indiana, Dogloo grew from a start-up to become the major supplier of pet shelter products to Wal-Mart, Sam’s Club, PetsMart and every major pet supply distributor in the country with revenues of over $60 million.

Robert R. Davenport, IIIRob Davenport is a Founder and Managing Director of RD Partners, LLC, a private investment fi rm focused on leveraged equity investments. Prior to forming RD Partners Mr. Davenport served as President and CEO of Covad International, the global broadband service provider and subsidiary of Covad Communications (NASDAQ: DVW). Mr. Davenport served as a member of MCI’s (NASDAQ: MCIP) board of directors until its merger with Verizon Communications, and currently serves on the board of directors of One California Bank, FSB (in formation). He holds a B.A. in Economics from Harvard College and MBA from the Harvard Business School. James B. Rice, Jr. Jim Rice is the Director of the Integrated Supply Chain Management Program and runs the Center for Transportation and Logistics Executive Education Program at the Massachusetts Institute of Technology (MIT). Mr. Rice’s research is focused on supply chain design, specifi cally on design for security and resilience. Prior to joining MIT, Mr. Rice managed manufacturing and distribution operations at Procter & Gamble, and served as a Sales and Market manager at General Electric Company. Mr. Rice earned his MBA in Operations and Finance from the Harvard Business School, and a Bachelors Degree in Mechanical Engineering from the University of Notre Dame.

Arthur SimonArt Simon led the formation of the Garden Décor Group by combining four distinct stand-alone companies: Norcal Pottery, New England Pottery, Matthews Four Seasons, and Patio Products Sales Associates, companies with combined sales of $117 million. As President, Mr. Simon integrated the companies and streamlined management, operating systems and product mix. During his tenure as President of Norcal Pottery from 2002-2004, Mr. Simon managed an international group of partner factories in China, Italy, Vietnam, Thailand, Malaysia, Portugal, Mexico and the Dominican Republic which designed and produced proprietary products at gross margins that often exceeded 50%. Mr. Simon has a B.A. in Marketing Management from Golden Gate University.

O V E R V I E W

Meridian Point Partners (“Meridian”) acquires lower middle market companies with revenues of $10 to $50 million and stable operating

earnings. We are operations-oriented investors experienced with private and family owned businesses. We seek to develop and grow

companies over the long-term as opposed to the short-term demands of the public markets. Meridian’s principals are well equipped to

assume an active role managing the acquired business.

As business professionals with operational, fi nancial and strategic backgrounds, Lewis Byrd and Tony Powe understand the opportunities

and rewards of investing in and managing small and middle market companies. With over forty years of experience in a variety of

businesses and industries, we have successfully enhanced the value of many mid-sized companies. We are aided by a stellar group of

entrepreneurs and business professionals who form Meridian’s advisory board.

D E S I R A B L E C H A R A C T E R I S T I C SMeridian targets “Little Leaders”—value added manufacturing, distribution and business services companies with signifi cant and defensible

shares of market in their respective industries which have many of the following characteristics:

• Stable and long-standing customer relationships

• Proprietary products or services

• Signifi cant level of recurring revenue

• High volume of repeatable transactions

• Operate in or serve industries with above average growth prospects

• Operate in a regulated industry

• Produce products or services which will benefi t from demographic and lifestyle shifts

T R A N S A C T I O N P R E F E R E N C E S• Change of control transactions that provide liquidity for exiting founders, corporate owners or institutional investors

• Opportunities to help management teams grow their companies through strategic acquisitions

K E Y F I N A N C I A L C H A R A C T E R I S T I C SMeridian targets companies that have sales of $10 to $50 million with attractive EBITDA margins and a minimum EBITDA range of

$1 to $5 million. We typically look for companies with at least three years of profi tability.

� �

The Meridian team brings together a wide range of investment, operating, and fi nancial experience. Meridian Point Partners acquires and assists in

building privately owned businesses. We provide current owners with liquidity and the enterprise with a partner committed to continued future growth.

� �

M E R I D I A N P O I N T PA RT N E R S

101 California Street, Suite 2450

San Francisco, CA 94111

Tel: (415) 946-8840 Fax: (415) 946-8801

www.meridianpointpartners.com

Successfully navigating the lower middle market.