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Matrix Capital Markets Group Announces the Successful Sale of Ann Arbor Machine Company

RICHMOND, VA – January 17, 2006 – Matrix Capital Markets Group, Inc. announced today that it has successfully completed the sale of Ann Arbor Machine Company to a private investment company organized and controlled by the Borman family, based in the Detroit, Michigan area. The family has several investments in other related businesses and is well known for having founded several successful supermarket chains, most notably Farmer Jack. Ann Arbor Machine Company, a leader in its industry, develops specialized manufacturing solutions used to produce medium to high-volume machined parts, including auto parts such as intake manifolds, brake calipers and steering knuckles.

Matrix served as the exclusive financial advisor to the selling shareholders of Ann Arbor Machine Company. According to Robert Mason, Vice President of Matrix, “Ann Arbor Machine Company represented a very attractive acquisition opportunity in the machine tool industry, having posted impressive performance over the last several years, during a period when the industry as a whole has struggled. The company’s performance is a testament to the skills and talents of the management team, the company’s strong customer relationships and the highly effective and cost efficient manufacturing solutions that the company supplies. Moreover, current market conditions for both exits and capital raising transactions remain strong.”

Robert Betzig, Chairman and Founder of Ann Arbor Machine Company said, “The professionals at Matrix guided us through an extensive process to identify, approach and negotiate the sale of our company. They were with us throughout the entire process, and in the final analysis, provided us with the confidence that we had achieved the best possible transaction from the marketplace.” Jim Woods, President and CEO of Ann Arbor Machine Company, added, “The Borman family represented an attractive suitor for the business. Ann Arbor Machine Company will continue to operate as an independent business, and we look forward to continuing to provide our customers with the same reliable and efficient solutions that have become the hallmark of Ann Arbor Machine Company.”

Ann Arbor Machine Company is a world-wide leader in the design, engineering, assembly, installation and testing of innovative manufacturing solutions, including custom machine tools that are engineered to produce specific metal parts or components. The company also designs and manufactures world-class electrical discharge machines, and designs and manufactures specialty gears and related products.

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 www.matrixcmg.com.

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