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New York | November 2008

Praesidian Capital Investors Funds Acquisition of Bruce Seed Farm

Leading Mezzanine Firm Partners with Marwit Capital Partners to Consummate Second Acquisition in the Land Reclamation, Native Seed and Erosion Control Industry

Praesidian Capital Investors, a leading provider of mezzanine capital for small and mid-sized companies, has invested approximately $5 million of subordinated debt to support the acquisition of Bruce Seed Farm, Inc., by Marwit Capital Partners as part of its land reclamation, native seed, and erosion control industry consolidation strategy. Including the initial acquisition of Granite Seed Company, Praesidian’s total investment in this platform is approximately $15 million of subordinated debt.

Bruce Seed Farm, headquartered in Townsend, MT, produces, processes and distributes native seed throughout the Northwest, Intermountain and Midwest regions of the U.S. The Company sources product through proprietary farming activities and a large, diverse grower network. Don Bermant, chief executive officer of Granite Seed, will remain in his current position. Bruce Seed's CEO, Arden Bruce, will continue to lead Bruce Seed and remains a significant shareholder.

“These two companies give Marwit an added edge in native seed supply, strengthens its geographical reach and solidifies its position as the leader in the native seed, erosion control and land reclamation sector,” said Jason Drattell, Managing Partner at Praesidian. “We are very confident in the companies’ future and are excited about our continued partnership with Marwit and management.”

“Arden Bruce has been a pioneer in the conservation seed industry for nearly two decades, and the two companies are extremely complementary to one another,” said Don Bermant, Chief Executive Officer of Granite Seed. “With the support of Marwit and Praesidian, our strategy for growth both organically and through additional acquisitions is poised for even greater success.”

“This marks the third Marwit acquisition that has been supported by Praesidian in 2008,” said Matthew Witte, Managing Partner at Marwit Capital Partners. “We look forward to our continued partnership as we work closely with management to build these companies and consolidate this niche sector.”

About Praesidian Capital Investors
Praesidian Capital partners with small and mid-sized businesses, providing private debt capital. With a focus on its core competency in mezzanine financing, Praesidian invests in established, historically profitable companies often in connection with a management/leveraged buyout, recapitalization or refinancing. Based in New York City, Praesidian manages over $400 million in committed capital. For more information, visit www.praesidian.com.

About Marwit Capital
Marwit Capital is one of the oldest and most experienced private equity firms in the Western U.S. Founded in 1962, Marwit’s investment focus is on lower middle market companies based in California and the Western U.S., with revenues of $20 to $200 million and enterprise values of generally less than $100 million. Marwit specializes in management buyouts, platform acquisitions in partnership with experienced industry executives, recapitalizations and later stage growth and expansion investments. Marwit seeks to deploy $10 to $30 million of equity capital per Portfolio Company, in one or a series of investments. Marwit Capital Partners II, L.P. completed its final closing on August 15, 2007 with $183.7 million of committed capital. For more information, visit www.marwit.com.

About Granite Seed Company
Granite Seed Company is a leading supplier of seed, erosion control and land reclamation products for the western United States. Headquartered in Lehi, Utah, Granite offers specialized products, a diversified inventory and quality service and technical support for land reclamation or land restoration, landscaping, golf courses, beautification, pasture and range. For more information, visit www.graniteseed.com.

About Bruce Seed Farm, Inc.
Based in Townsend, Montana, Bruce Seed has long been recognized as a leader in the production and distribution of native seed products throughout North America. Incorporating over three generations of farming expertise, the Company has earned the respect and admiration of native seed growers, processors, distributors, dealers and end-users as evidenced by several decades of repeat vendor and customer business. The Company’s products, consisting of over 100 native seed species and blends, are used in a variety of land pasture and reclamation applications, serving a diverse base of farmers, seed dealers, commercial developers and federal, state and local government agencies.

Media Contact: Dan Jacobs
Broadgate Consultants LLC
Phone: 212 232 2227

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