Colchester Capital, LLC, a privately-held company, is based in Summit, New Jersey as is its affiliate, Colchester Securities, LLC, which is a broker-dealer member of the NASD and the Securities Investor Protection Corporation (SIPC). Broker-dealer services are provided through Colchester Securities, LLC. All references to "Colchester Capital" on this web site refer to Colchester Capital, LLC and its affiliate, Colchester Securities, LLC, except that disclosures relating to broker-dealer requirements refer only to Colchester Securities, LLC.

Colchester Securities has the capability to offer a full range of investment banking services to portfolio companies and to third parties including

Financial

• Recapitalizations and private placements of Debt, Preferred and Equity
• Restructuring Advisory
• Advice on a broad spectrum of capital issues and capital raising

Mergers and Acquisitions

• Exclusive sales and divestitures
• Buyside advisory
• Leveraged buyouts and recaps
• Joint ventures and strategic alliances
• Asset divestitures

Valuations

• Fairness opinions
• Corporate asset valuations
• A list of transactions is available upon request.

The information provided on this website has been published for informational purposes only, and is neither a solicitation nor offer of any security or of any investment service. The discussion of selected transactions appearing on this website is not intended as, nor should it be construed as, investment advice or a recommendation to purchase or sell a particular security. The purchase of any security or use of any investment service, including those pertaining to acquisitions or recapitalizations, should be made only after careful consideration of any risks inherent in such transactions.

The content of this website is provided solely for your personal use (subject to the limitations described herein), and the information may not be copied, reproduced, republished, transmitted or distributed in any way, without the express written permission of Colchester Capital, LLC. Modification or use of the information for any purpose other than your own personal use, is a violation of the Copyrights and other proprietary rights of Coclhester Capital, LLC.

The information provided on this site is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject Colchester Capital, its affiliates, employees, directors, officers or agents to any registration requirement within such jurisdiction or country. Neither the information, nor any opinion contained in this site, constitutes a solicitation or offer by Colchester Capital or its affiliates to buy or sell any securities, futures, options or other financial instruments. Colchester Capital does not intend the information on this web site to be investment advice, and the information presented on this site should not be relied upon to make an investment decision.

By using this Site, you agree to the aforementioned terms and conditions, which Colchester Capital may modify at any time without prior notice.

Pursuant to NASD Rule 3510, Colchester Securities, LLC has developed a Business Continuity Plan addressing how it will respond to events that significantly disrupt our business. Since the timing and impact of disasters and disruptions are unpredictable, we will have to be flexible in responding to actual events as they occur. With that in mind, we are providing you with this information on our Business Continuity Plan.

Contacting Us - If after a significant business disruption you cannot contact us as you usually do @ 908-608-1113, you should call our alternative number @ 908-403-6350. In addition, we will provide information regarding our status on our web site (www.colchestercapital.com) if at all possible.

We plan to quickly recover and resume business operations after a significant business disruption and respond by safeguarding our employees and property, making a financial and operational assessment, protecting the firm's books and records, and allowing our customers to transact business. In short, our Business Continuity Plan is designed to permit our firm to resume operations as quickly as possible, given the scope and severity of the significant business disruption. We review our Business Continuity Plan on a periodic basis; the Plan may be changed without advance notice.

Our Business Continuity Plan addresses: data back-up and recovery; all mission critical systems; financial and operational assessments; alternative communications with clients, employees, and regulators; alternate physical location of employees to conduct business operations; critical supplier, contractor, bank and counter-party impact; regulatory reporting; and assuring our clients the resumption and continuation of services provided by Colchester Securities, LLC as soon as possible.

We have implemented a methodology to back-up our important records in a geographically separate area from our current business location. While every emergency situation poses unique problems based on external factors, such as time of day and the severity of the disruption, we are determined and prepared to restore our business operations as soon as possible in order to enable us to provide service to our clients. Nonetheless, you should be aware that during a period of business disruption we may unable to provide the services for which we have been engaged.

Significant business disruptions can vary in their scope. Such disruptions could affect only our firm's offices, a single building housing our firm, the business district where our firm is located, the city where we are located, or the whole region. Within each of these scenarios, the severity of the disruption can also vary from minimal to severe. Regardless of whether the disruption is restricted only to our firm or a building housing our firm, or is a disruption affecting our business district, city, or region, we will transfer our operations to an alternative site outside of the affected area. We anticipate being able to recover all data within one (1) business day and resume business activities within two (2) business days of a disruption under all but the most severe circumstances. Whatever the situation, we will make every effort to resume our business as soon as possible, and will notify you through our customer emergency number, 908-403-6350, and our web site, if possible, on how to contact us.

If you have questions about our business continuity planning, you may contact Thomas J. Hopkins, Managing Director, at 908-608-1113, or @ thopkins@colchestercapital.com.

Where applicable, and as required by federal and state laws, Colchester Capital, LLC may make reasonable inquiries of customers and other sources for the purpose of verifying the customers' identities and/or any information they have provided.

The Web site and its contents are the property of Colchester Capital, LLC. Copyright C 2005 Colchester Capital, LLC.

Unless otherwise noted, the information, trademarks, and logos on this web site are the property of Colchester Capital, LLC. The posting of such material on this web site shall not limit Colchester Capital, LLC's ownership interests in such material. Users of this web site are prohibited from selling or republishing any portion of this web site without the prior written consent of Colchester Capital, LLC.