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to create long-term value

Westport, CT – Altus Capital Partners, Inc. is pleased to announce today that it sold its entire interest in Magantech International, Inc. to a group lead by G.L. Ohrstrom & Co., Inc. and management for approximately $56 million.  Altus Capital Partners SBIC Partners, L.P. acquired its ownership in April 2006 in partnership with Hamilton Robison LLC and management lead by Mr. Shawn Anderson, President and CEO.  The purchase price for the entire company in April 2006 was $36 million.

Magnatech, based in Robesonia, PA is the global leader in the design, manufacture and supply of braiding, spiral winding, bobbin winding and wrapping equipment and replacement parts for the reinforced hose marketplace.  During the last two years, Magnatech has grown revenues and earnings as they have continued to expand their international sales of equipment and parts to both existing and new customers. In addition, Magnatech generated large cash flows during this period which reduced the initial debt from $24 million to approximately $15 million.

Altus Capital Partners SBIC, L.P. invested $4.5 million in April 2006 and today received $11.150 million in cash, approximately 2.5 times our invested capital.  The internal rate of return on this 25 month investment was 54%.  In addition, we expect the Fund to also receive about $500,000 of additional proceeds when the 18 month escrow is released.