Allegiance Capital Limited Partnership ("Allegiance Capital" or the "Partnership") was formed in 1999 for the purpose of providing growth capital for private companies in the mid-Atlantic region. Preferred investments lie within a 150-mile radius of our Baltimore, MD office.

Our operating style is very results oriented. We work as a team to respond quickly to new investment proposals and portfolio company needs, and work to build value for all shareholders.

The Partnership is managed by Allegiance Capital Management Corporation, whose two principals, Gary Dorsch and Tom Holland, have over 40 years experience in commercial and investment banking.

Throughout their careers, Messrs. Dorsch and Holland witnessed numerous instances in which companies with strong, proven management teams and defensible competitive advantages, were unable to reach their full potential and maximize shareholder value due to a lack of capital. Frequently, the ability to obtain senior debt beyond a certain level was constrained by financial covenants, while equity capital was either too expensive or not appropriate given the situation. Allegiance Capital was formed specifically to fill the gap between senior lenders and equity providers.

Allegiance Capital is an opportunistic investor. We will invest in a variety of industries, as opposed to one or two specialties. We prefer investments in industries that are growing at 20%+ rates per annum.

Allegiance Capital's investment team has experience with a variety of transaction structures, including expansion-stage private financings, management buyouts, leveraged buyouts, recapitalizations, and roll-ups.

As a licensed Small Business Investment Company, Allegiance Capital is required to comply with certain federal regulations. At the time an investment is made, the portfolio company must qualify as a "Small Business". Essentially, the company must have a net worth less than $18 million and net income after tax during the prior two years should have averaged less than $6 million. Allegiance Capital is prohibited from investing in financial and financing institutions, passive businesses, and most real estate ventures.