Long Point Capital
Date of Announcement: 2/10/06
Long Point Capital Announces its Investment in Artistic Holdings, Inc.
Long Point Capital, Inc., in partnership with management and RockWood Capital, is pleased to announce the formation of Artistic Holdings, Inc., a company focused on consolidating the fragmented staircase and railing industry. Artistic Holdings, Inc., with offices in six key markets, was formed through the recapitalization and combination of Artistic Stairs of Calgary, and Staircase & Millwork Company of Atlanta. Artistic Holdings, Inc. is North America's largest provider of turnkey staircase and railing solutions to large and custom homebuilders, providing unmatched service quality, breadth of product and geographic coverage for its customers.

Joseph "JW" Williams, President of Artistic Holdings, indicates, "Working with Long Point has been an absolute pleasure. In particular, I was impressed with their quick understanding of our investment thesis and our growth strategy. Long Point provides what every Private Equity firm says, but may not deliver -- value added resources above and beyond the capital deployed."

Artistic represents Long Point Capital's second investment from LPC Fund II, L.P.

Randy Fenton, Long Point Capital Senior Advisor and former CEO of Inrecon LLC, will act as Vice Chairman of the Board of Directors of Artistic Holdings, Inc.

Long Point Capital is a Michigan and New York based investment fund which partners with growth oriented companies to provide both equity capital and management support. Our principals have been involved in more than 50 transactions with an aggregate value exceeding $15 billion. Long Point Capital has approximately $315 million in invested and committed capital and focuses on investments in manufacturing, distribution, or industrial service companies, with revenues between $30 million to $200 million.

Long Point's leading investor is Masco Corporation, a diversified Fortune 500 Company. Where appropriate, Masco provides Long Point Capital and its portfolio companies with access to certain of Masco's corporate services, allowing Long Point to combine the flexibility of a financial investor with the strength of a major industrial company.