Long Point Capital
Date of Announcement: 8/1/06
Steve Fowler Awarded 2006 Ernst & Young Entrepreneur of the Year Award for the Carolina Region
Long Point Capital is pleased to announce that Steve Fowler, Chief Executive Officer of our portfolio company, Fowler Contracting, has won the 2006 Ernst & Young Entrepreneur of the Year Award for the Carolina Region.

The Ernst & Young Entrepreneur of the Year Award honors entrepreneurs whose ingenuity, hard work, and perseverance have created and sustained successful, growing business ventures. We are extremely proud to be in partnership with Steve and wish to congratulate him for this outstanding achievement.

Fowler Contracting is a leading residential site development contractor serving national and local homebuilders and land developers. Long Point Capital is a Michigan and New York based investment fund which partners with growth oriented companies such as Fowler Contracting, to provide both equity capital and managementsupport.

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 manages approximately $315 million of 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.