Our investment focus is to identify and lead direct equity investments in Southeastern-based operating companies that meet the majority of our investment criteria. We evaluate investment opportunities on an individual basis and tailor each transaction accordingly. Our Key Investment Criteria are shown below: Types of Transactions: Company Size: Investment Size: Geographic Focus: Investment Type: Focus Industries: Business Characteristics:  Management: • Facilitate management buyouts     and divestitures • Fund recapitalizations and     acquisition strategies • Provide growth capital • Typical Annual Revenues of $10     million to $50 million • Up to $5.0 million in a single     investment • Southeastern U.S. • Common and Preferred Equity • Niche Manufacturing • Value-added distribution • Business services • Consumer products • Healthcare • Established products/services • Defensible market position and competitive advantage • Operating earnings with reasonable capex requirements • Low risk of technological obsolescence • Asset base and/or cash flows to support debt structure • Prefer Management Team to participate in ownership