Praesidian Capital Completes Investment in Lone Star Overnight

$15.5 MILLION IN DEBT FINANCING TO SUPPORT ACQUISITION BY INVESTOR GROUP

NEW YORK May 19, 2011 Praesidian Capital (the Firm), a leading provider of mezzanine capital for small and mid-sized companies, announced it has invested $15.5 million of first lien debt in overnight shipping company Lone Star Overnight (Lone Star, LSO, or the Company) to support its acquisition by a sponsor group comprised of Pilgrim Capital Partners, Fort Point Capital, and MRL Capital.

Founded in 1991, Lone Star Overnight is an independent intra-regional express and ground parcel delivery company serving the package and parcel delivery needs of small and medium-sized enterprises throughout Texas, the majority of Oklahoma, and Louisiana. LSO differentiates itself from national delivery companies by offering customers personalized service, later pickups, earlier deliveries, and industry-leading on-time delivery rates at prices up to 35% less than its competitors.

We are pleased to support the acquisition of Lone Star, said Jason D. Drattell, Managing Partner at Praesidian. The Company is led by the type of strong, hands-on management team and ownership group that we look to support in todays economic environment.

We are delighted to be partnering with Praesidian to realize Lone Stars significant near and long-term growth potential, said Rick Jones, Chief Executive Officer of LSO. With joint support from our owners and Praesidian, we are implementing a number of initiatives to further penetrate existing markets and continue to enhance our customers experience.

About Praesidian Capital
Praesidian Capital partners with small and mid-sized businesses, providing private debt capital. With a focus on its core competency in mezzanine financing, Praesidian Capital invests in established, historically profitable companies often in connection with a management/leveraged buyout, recapitalization or refinancing. Based in New York City, Praesidian Capital manages over $500 million in committed capital. For more information, visit www.praesidian.com.

About Lone Star Overnight
Since 1991, Lone Star Overnight (LSO) has offered reliable, efficient package delivery service in Texas; Oklahoma; western Louisiana; eastern New Mexico; Texarkana, Arkansas; and Mexico. LSO offers a full range of next-day and day-definite time-guaranteed delivery options throughout its service area at rates significantly lower than the competition. Headquartered in Austin, Texas, the regional small parcel carriers dedicated employees, late pick-up times, early morning delivery options and lower rates make LSO the high-service, high-value, low-cost provider. For more information, visit www.lso.com or call 1-800-800-8984.