RICHMOND, VA – December 15, 2005 – Matrix Capital Markets Group, Inc. announced today that it has successfully completed the sale of Aces Ltd. and Northeast Consolidators, Inc., to Kuehne-Nagel, Inc. Kuehne-Nagel is one of the largest and most diversified logistics providers in the world, serving customers across five continents. Kuehne-Nagel is headquartered in Schindellegi, Switzerland and maintains its US headquarters in Jersey City, NJ. On a combined basis, Aces and Northeast represented one of New England’s largest logistics providers coordinating the shipment of thousands of containers both domestically and internatio nally. The company maintains offices in Mobile, AL, Seattle, WA, and Boston, MA.

According to Cindra Zambo, CEO of Aces, “This transaction met both our personal and corporate objectives by providing a liquidity event for shareholders and additionally, more sophisticated resources to our customer base. Our clients will now benefit directly from the enormous investments Kuehne-Nagel has made in its personnel, training, and systems. A broader array of services and more geographical depth can only make us a stronger unit under the Kuehne-Nagel umbrella. We are very excited about the growth opportunities that are imminently achievable with the support of their organization.”

Michael Morrison, Managing Director and Principal of Matrix Capital Markets Group, added, “Strong market conditions for M&A activity provided the shareholders an excellent opportunity to monetize the value they have created since inception, while simultaneously enabling them to identify a strategic partner whose vision and philosophy on customer service are similarly aligned. Middle- market companies are determining that now is a good time to test the market for both exits and capital raising needs.”

Aces Ltd. was founded in 1984 as an international lumber and log logistics provider. With revenue of over $15 Million dollars annually, Aces handles shipments from 29 North American ports to over 175 destinations worldwide. Aces focuses on the specialized handling and documentation of forestry products – key criteria required to be a responsible and successful player in this high volume niche market.

About Matrix Capital Markets Group
Matrix Capital Markets Group, Inc. is an independent, advisory focused, privately-held investment bank headquartered in Richmond, VA. Since 1988, Matrix has provided merger & acquisition and financial advisory services for privately-held, private-equity owned and publicly traded companies. Our primary advisory services include company sales, asset divestitures, recapitalizations, management buyouts, capital raises of debt & equity, corporate recovery, fairness opinions and valuations. Matrix has served clients in a wide range of industries, including industrial manufacturing and distribution, building products, business services, consumer products, healthcare, lumber and petroleum marketing & distribution. For additional information, please visit

Securities offered by Matrix Private Equities, Inc., an affiliate of Matrix Capital Markets Group, Inc., Member FINRA, SIPC.