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Buchwald Capital Advisors LLC, a boutique investment bank specializing in financial restructuring advisory services, was founded in 2001 by Lee E. Buchwald. Mr. Buchwald is a twenty-five year veteran investment banker who has been an executive at such prominent firms as Rothschild Inc., Salomon Smith Barney and Chanin Capital Partners. Mr. Buchwald has been responsible for over 50 restructuring transactions. In addition to financial restructuring advisory services, Mr. Buchwald's transactions have included: mergers and acquisitions, private and public offerings of securities, valuations and fairness opinions. Please see the Experience section for a detailed review of Mr. Buchwald's professional experience and education. Ovation, Inc Restructuring and M&A Pameco Liquidating Trust Liquidating Trustee REASONS FOR SELECTING BUCHWALD CAPITAL ADVISORS LLC Professional Experience: Mr. Buchwald is a seasoned investment banker with a twenty-five year track record of successful transactions. Since he is the only executive at the firm, clients are guaranteed to get senior level attention at all times. Priority Service: As a small boutique investment bank, Buchwald Capital Advisors can only handle a few matters at a time. Consequently, every transaction receives the attention it deserves and no responsibilities are handed down to junior staff members. Competitive Fees: Due to its size, Buchwald Capital Advisors has greater flexibility in structuring fee arrangements than larger firms do. Likewise, the firm is able to charge fees that are significantly lower than its larger competitors while providing quality of services equal to or better than that which is available elsewhere.