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Matrix Announces the Successful Sale of Uni-Marts’ Assets

BALTIMORE, MD – January 11, 2010 – Matrix Capital Markets Group, Inc. announced today the successful sale and closing of all of the retail convenience stores and petroleum distribution assets of Uni-Marts, LLC., et al, Debtors-in- Possession in Case No. 08-11037 (MFW) of the United States Bankruptcy Court for the District of Delaware. The assets were sold pursuant to Court Orders approving the sale of the assets to various purchasers and the Second Amended Joint Plan of Liquidation of Uni-Marts, LLC and its Affiliated Debtors dated December 30, 2009.

144 of the assets were purchased by Kwik Pik, LLC, an affiliate of Lehigh Gas Corporation. The closing of the sale of 138 of the assets to Kwik Pik was completed on December 30, 2009 with a closing on the remaining 6 assets on January 8, 2010. 60 of the assets were sold to 25 various other purchasers and those closings occurred at various times during the period from October 30, 2009 through January 7, 2010.

Of the assets Kwik Pik purchased, there were 59 company-operated locations and 85 wholesale dealer accounts. 9 of the dealer accounts included real estate control. 53 of the assets purchased by other buyers were company-operated locations and 7 were wholesale dealer accounts. All 7 of the dealer accounts included real estate control. The Uni-Mart assets were located in Pennsylvania, New York and Ohio.

Thomas E. Kelso, managing director and principal at Matrix, said “these closings are the culmination of a highly successful sale process which required an enormous amount of hard work on the part of the Debtors, the Debtors’ professionals, the professionals employed by The Official Committee of Unsecured Creditors and Kwik Pik.” In addition to Matrix, the Debtors were represented by the law firm of Hunton & Williams LLP and the financial consulting firm, Protiviti, Inc. The Official Committee of Unsecured Creditors was represented by the law firm of Blank Rome LLP and the financial advisory firm of Mesirow Financial.