GICHNER NEWS

August 22 , 2007

ALTUS CAPITAL ANNOUNCES ACQUISITION OF
GICHNER SHELTER SYSTEMS


Westport, CT; August 22, 2007

On August 22, 2007, Altus Capital Partners (“Altus”), Dunrath Capital (“Dunrath”), its co-equity investors, and existing management led the purchase of 100% of the assets of Gichner Shelter Systems and related subsidiaries (collectively “Gichner”) from Dominion Capital, a subsidiary of Dominion Resources, Inc.

Headquartered in Dallastown, PA, Gichner is a leader in the design, manufacture, integration and testing of tactical shelters, containers, and subsystems which are used in the US and European Armed Forces. These products are primarily used as mobile operations centers for high-value communications and IT equipment. Gichner has a stable income base from the U.S. and European Armed Forces and a strategic growth plan to expand its commercial segments.

Russell Greenberg, Managing Partner of Altus and Gichner’s new Chairman commented, "Altus is pleased to partner with Gichner management in acquiring the world leader in the design and manufacture of tactical shelters, containers and subsystems. Furthermore Gichner fits Altus’ investment criteria as a unique manufacturer of proprietary products and is well-positioned to expand into related product lines.”

Tom Mills, Gichner’s President and CEO stated, "This partnership between management, Altus and Dunrath Capital will provide Gichner the support we need to continue the growth of the business. We are pleased to join with equity partners who share our vision to expand Gichner’s market share into new military and commercial markets for shelters, enclosures and truck bodies. This projected increase in sales should allow us to utilize our available production capacity at our two plants in Dallastown, York County, PA, and provide the opportunity for more job growth in our surrounding communities.”

For further information please contact: Russell J. Greenberg or Elizabeth A. Burgess, Westport, CT, 203-429-2000 Greg L. Greenberg, Lincolnshire, IL, 847-229-0770

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  Gichner’s mission is to be acknowledged as the leading turn-key supplier of systems designed, packaged and integrated for rapid mobility.

Gichner announces acquisition by Altus Capital...

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