Newsletter

October 17, 2005

Penn Capital Group is pleased to present 3 new engagements noted here and attached.

• A $2.5 million environmental services company with patented technology that specializes in soil remediation.

• A $10 million retail and distribution company that specializes in high end patio furniture and fireplaces and accessory equipment.

• A $2 million manufacturer of very high end wooden garage doors (carriage house doors) for residential, architectural, and commercial clients.

All of these businesses are located in the Middle Atlantic Region.

Penn Capital is a middle market investment banking firm that provides merger and acquisition advisory services to closely held businesses with transaction values from $1 Million to $15 Million. Our focus is on manufacturing and distribution businesses in the Middle Atlantic Region. With thirty years experience in working with small private business owners, we speak their language, and that gives us a special understanding of how to walk them through the intricate sale process and maximize value.

To learn more about Penn Capital and how we can be of service to you and/or your client, please visit our web site at: www.penncap.com or call us at 717-626-1127.

We look forward to hearing from you.

Sincerely,

Penn Capital Group, L.L.C.

R. Dennis Hollinger
Managing Partner
Direct: 717-626-1127
E-Mail: hollinger@penncap.com

Lawrence N. Blake
Partner
Direct: 610-388-7119