Over the past fifteen years, Pennington Allen and its principals have had primary responsibility for a wide variety of business acquisitions, business development, substantial transactions and operations, including most notably:

• The identification, negotiation, closing and subsequent management of more than 30 manufacturing, distribution and direct sales companies on five continents.
• The acquisition of three public companies in the U.S. which provide technology and content to pay television distributors throughout the world.
• The acquisition of a highly specialized interactive Internet business with operations in the U.K. and Israel.
• IPO's of several U.S.-based companies.

Below are recent Pennington Allen transactions:

	Bliss Industries is the world leader in the manufacturing and distribution of hammermills, pelletmills, coolers and related products serving the ethanol, wood pellet, food processing, animal feed and other industries. Pennington Allen acquired all of the assets of Bliss Industries on July 31, 2007.
	Knox Oklahoma Regional Laboratory, LLC is a Tulsa based privately held drug and alcohol testing laboratory and occupational testing service company started in 1995, and has grown to become one of the largest occupational testing companies in Northeast Oklahoma. On November 30, 2007 Pennington Allen Capital Partners acquired 90% of Knox Laboratory.
	International Wire Group Inc (ITWG.PK) is an $800 million manufacturer and distributor of copper wire for the aviation, medical, industrial and electronic markets. The founder of Pennington Allen (W. Lane Pennington) serves as the Vice Chairman of the Board of Directors of IWG and has acted as the lead outside director responsible for the strategic direction of the company. Over the past two years, IWG has emerged from Chapter 11 proceedings with a $300 million capital structure, has successfully executed an IPO, has divested a failing division in a series of transactions for $85 million cash, and has acquired High Performance Conductors from Phelps Dodge Corporation in a transaction valued at $50 million, all while enjoying significant EBITDA growth.
	ORS Nasco, a market leader in the wholesale distribution of industrial products, was acquired in late 2005 by Brazos Investment Partners. Pennington Allen acted as the sole strategic market advisor to Brazos in connection with this transaction.
	Phelps Dodge High Performance Conductors, a market leader in the manufacture of silver and nickel plated copper wire conductors for the aviation and medical industries, was acquired by International Wire Group in March 2006 in a transaction valued at $50 million. W. Lane Pennington served as Vice Chairman of the Board of Directors of IWG and led the Board’s efforts during this acquisition.