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January 1, 2008

BGL Completes Capital Raise for Weinberg & Bell Group’s Acquisition of Carl’s Patio, Inc.

Brown Gibbons Lang & Company announced today the successful completion of a private debt and equity capital raise in support of the leveraged recapitalization of Carl’s Patio, Inc. (“Carl’s Patio”) by Cleveland, Ohio-based investment firm Weinberg & Bell Group (“WBG”).

Founded in 1993 and headquartered in Coconut Creek, Florida, Carl’s Patio is a highly profitable retailer of luxury outdoor furniture and accessories serving affluent consumers throughout the rapidly growing markets of South Florida and Southern California. Operating under the Carl’s Patio brand name in Florida and under the Berk’s of Santa Monica and Saddleback of San Diego brand names in California, the company maintains 15 specialty retail outlets and one professional design showroom. Carl’s Patio offers the industry’s most comprehensive selection of high-end outdoor furniture from leading international vendors such as Woodard/Landgrave, Brown Jordan, Lloyd/Flanders and Pride Family. Over its 15-year history, Carl’s Patio has garnered significant customer loyalty and leading market share by offering the highest quality products with superior customer service and support.

The acquisition financing includes a combination of senior debt, subordinated debt and equity. WBG, the senior management team of Carl’s Patio, and the former majority owners contributed the subordinated debt and equity. TriState Capital Bank and The PrivateBank and Trust Company provided the senior financing.

Daniel M. Bell, managing director of WBG said, “We are extremely excited about the long-term prospects for Carl’s Patio. We believe that the combination of a superior management team, leading market positions, and luxury brand names will continue to result in exceptional financial performance. We look forward to many years of strong growth and excellent returns for all of our shareholders.”

Commenting on the transaction, Cameron S. Miele, director & principal at BGL said, “We received strong indications of interest from a number of parties and are very pleased with the results of this private placement. The entire BGL team is proud to have been able to assist WBG in their fund raising efforts. Carl’s Patio represents an attractive investment opportunity and we wish Mr. Bell and his partners the best of luck.”

Commenting on BGL’s involvement in the transaction, Bell stated, “BGL demonstrated exceptional discipline in managing a competitive capital raising process. Their proactive involvement enabled WBG to cultivate a highly efficient capital structure that provides a strong foundation for long-term success.”

About Weinberg & Bell Group

Headquartered in Cleveland, Ohio, Weinberg & Bell Group invests in well-positioned middle market companies seeking additional capital and management expertise to enhance company financial performance and market position. Working closely with owners and management, WBG establishes a true partnership to determine the proper strategy to maximize the company’s opportunities and investor return. WBG invests in businesses throughout North America with annual revenue of $15 million to $120 million and annual EBITDA of $2 million to $15 million. WBG’s principals possess a combined total of over 75 years of experience successfully managing companies throughout the U.S., Latin America and Asia. www.weinbergbell.com