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Cary Street Partners Announces Defense Transaction

June 30, 2006 - Cary Street Partners served as the exclusive financial advisor for Ascolese Enterprises Investments, LLC in connection with the financing of its purchase of SGB Enterprises, Inc., a leader in the design and manufacturing of custom Cathode Ray Tube (“CRT”) and Liquid Crystal Displays (“LCD”) for the military and commercial simulation and training markets. Terms of the deal were not disclosed.

SGB Enterprises Inc. designs, manufactures, tests, and sells custom displays for simulation and training, medical instrumentation, film industry, and neurological research. SGB is a complete custom CRT and LCD display manufacturer. Its specific expertise is in the production of displays that are exact commercial replicas of the displays that are used in military aircraft and ground based vehicles. SGB has developed a number of generic display designs and packaging techniques that can be quickly adapted to the unique needs of specific simulation applications. This allows us to quickly deliver a solution that meets or exceeds the design requirements.

Cary Street Partners Holdings, LLC is a limited liability holding company that owns 100% of Cary Street Partners LLC, a registered broker-dealer and Member of FINRA/SIPC, and 100% of Cary Street Partners Investment Advisory LLC, a federally registered investment advisor. Cary Street Partners is the trade name used by two separate, registered firms providing securities brokerage, insurance and investment advisory services. Products may not be available in all jurisdictions.