Sunbelt Modular

Sunbelt Modular is the largest wholesale manufacturer of commercial modular buildings in the South Central United States. Sunbelt was formed by Bradford Equities Management, L.L.C. (" Bradford") in White Plains, NY and HSBC Capital (USA) Inc. (" HSBC Capital") in New York, NY. Bradford Equities and HSBC Capital are leading private equity investors in middle market companies and bring extensive financial expertise and resources to their portfolio companies. Since 1974, Bradford has acquired more than 150 companies with sales in excess of $4.0 billion. HSBC Capital, the U.S. private equity arm of HSBC Bank USA, currently manages over $850 million of assets and is backed by HSBC Holdings PLC, the world's third largest financial institution. Bradford and HSBC Capital intend to leverage their experience and resources to enable further growth at Sunbelt Modular. Amtex Corp. (" Amtex"), Indicom Buildings, Inc. ("Indicom"), Phoenix Modular, Corp. { Phoenix}, and MR Steel Corp {Steel} provide high quality commercial modular buildings to dealers across the Sunbelt states. Through the formation of Sunbelt Modular, we have the leverage to expand existing resources at Amtex, Indicom, Phoenix and Steel to better service our dealers. It will also enable us to continue to find ways to better serve our existing dealer base in both fleet products and on larger custom buildings. With this experienced management team, we will continue to strive to be the industry leader in producing wholesale commercial modular buildings.