Mergers, Acquisitions and Divestitures

A.S.A.P Advisor Services, Inc.

Advised A.S.A.P Advisor Services, Inc., a provider of investment marketing services and database management solutions for institutional money managers, hedge fund managers and other financial advisors, in its sale to eVestment Alliance.

AltiTUNES

Advised AltiTUNES Partners, LP, the leading retailer of CD's, DVDs, portable electronics and accessories in airports throughout the United States to InMotion Pictures.

American Political Network

Represented American Political Network the leading on-line provider of comprehensive, real-time non-partisan political news briefings in its asset sales. The Hotline, American Health Line, Greenwire, and PoliticsUSA were sold to the National Journal, a division of The Times Mirror Company. Digital Sports Network, the first on-line news source focused on the business aspects of the U.S. sports industry was sold to management.

Amiee Lynn, Inc

Represented Amiee Lynn, Inc, a multi-category accessories producer, in its sale of selected assets of these businesses to a subsidiary of Steve Madden (Nasdaq: SHOO).

April Cornell

Represented this 110 door U.S.-Canadian retailer and arranged the sale of its secured debt.

Ardmore Blouse, Inc.

Represented Ardmore Blouse, Inc., owner of this junior knit and woven blouse brand, in the sale of selected assets to KBL Group International Ltd.

Atasco USA, Inc.

Initiated and advised in the aircraft owner in the sale of thirteen DC9′s to Northwest Airlines

Betsy & Babs

A controlling interest in this innovative producer of 'tween apparel was sold to a strategic partner.

Bill Blass Outerwear

Rose Cloak, licensee for Bill Blass Outerwear, was sold to Donnkenny, Inc., a publicly-traded firm.

Buster Brown Apparel

Marketed this 120 year-old brand in a 363 auction producing a recovery 4-5 times higher than was anticipated by its lenders, who were advocating liquidation.

* Indicates transactions were completed by Avalon Net Worth senior executives while employed at previous firms

Page 1 of 7