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New York | May 2005

Praesidian Capital Helps Finance CAM Fabrication Recapitalization

Praesidian Capital, LP, a provider of mezzanine debt for middle market companies, today announced that it has assisted JMH Capital and management in the $24.5 million recapitalization of CAM Fabrication, Inc., the leading concrete forms and accessories distributor in the Southeast.

"We are pleased to partner with JMH Capital, which has the operational expertise, and the CAM management team, who have extensive industry experience," said Neil A. Marks, Managing Partner of Praesidian. "We are looking forward to working closely with them to enhance CAM's growth."

Scott Steele, Managing Director of JMH Capital, said "CAM Fabrication enjoys a very strong operating model and market position under the leadership of Doug Piar. We are excited about working with Doug and his team to grow CAM into new geographic markets with the same levels of efficiency and profitability that they have demonstrated to date."

This is the latest transaction of a very active first half of 2005 for Praesidian. In February, Praesidian provided $7.2 million in mezzanine debt to support Red Diamond Capital's acquisition of Nutritional Laboratories International, Inc., a leading manufacturer of quality nutritional supplements. In March Praesidian led a $16 million Subordinated Debt investment in Life is good, Inc. to support the acquisition of The Shirt Factory, a t-shirt finishing and distribution company. These investments were made from Praesidian's debut fund, which closed at $156 million in February.

About Praesidian Capital
Praesidian Capital provides mezzanine debt for middle-market companies. The firm provides growth capital for established, historically profitable companies as well as for management/leveraged buyouts, recapitalizations and refinancings. Praesidian's executives have overseen successful exits for over 60 deals in the past 20 years and have been involved in all aspects of the deal life-cycle. For more information, visit www.praesidian.com

About CAM Fabrication
CAM, headquartered in Princeton, North Carolina, is the leading concrete forms and accessories distributor in the Southeast. The company sells and rents reusable concrete forming systems, shoring systems, scaffolding systems and related accessories to non-residential contractors.

About JMH Capital
JMH Capital is a private equity firm targeting investments in middle market companies which deliver exceptional value to their customers. Using its significant operating resources, JMH Capital creates value through partnerships with owners and management.

Media Contact: Chris Tofalli
Broadgate Consultants, LLC
Phone: 212 232 2222

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