For the Coffman transaction, we valued a partner that could provide certainty of closing on the terms and timeline promised. Based on our prior experience with AG Net Lease, we knew that we could count on them to meet these objectives. AG Net Lease has become a trusted and reliable capital source for us.

Founded in 1874, Coffman is a leading national manufacturer of hardwood and softwood stair parts. The approximately 500,000 square feet Marion, Virginia complex serves as Coffman’s headquarters and sole manufacturing facility. The facility is critical to Coffman’s vertically-integrated business model and located in close proximity to an abundant source of raw materials. Visador used the proceeds of the sale-leaseback to pay down indebtedness. The deal closed March 30, 2007.

AG Net Lease has now completed five transactions since its inception. The Coffman sale-leaseback marked the second time AG Net Lease has worked on a deal with Carousel Capital.

Teddy Kaplan, Managing Director and co-manager of AG Net Lease, commented, “This transaction typifies our goal of identifying tenants whose businesses we believe are poised for growth. We are delighted that Carousel Capital chose to work with us on a repeat basis. Carousel Capital’s high level of support for their portfolio companies provides us with added reassurance, and look forward to partnering with them again.”

Jason Schmidly, Partner at Carousel Capital, said, “For the Coffman transaction, we valued a partner that could provide certainty of closing on the terms and timeline promised. Based on our prior experience with AG Net Lease, we knew that we could count on them to meet these objectives. AG Net Lease has become a trusted and reliable capital source for us.”

About Angelo, Gordon & Co. and AG Net Lease

Angelo, Gordon & Co. was founded in 1988 and has over $11 billion under management. Currently, the firm’s investment disciplines encompass four principal areas: (i) distressed debt and leveraged loans, ii) real estate, (iii) private equity and special situations and (iv) a number of hedge fund strategies. Angelo, Gordon & Co. employs over 70 investment professionals and is headquartered in New York, with associated offices in Los Angeles, Chicago, London, Hong Kong and Seoul.

AG Net Lease is comprised of a team of experienced professionals committed to providing sale-leaseback financing to financial sponsors and below investment grade companies across a range of industries. AG Net Lease is currently investing its first dedicated net lease fund which closed earlier this year and will seek to purchase as much as $500 million of net leased corporate real estate in the U.S. and abroad with transactions ranging from $5 million to $200 million. AG Net Lease’s unparalleled credit and real estate underwriting expertise, coupled with its unique funding platform, ensures highly competitive pricing and speed of execution to tenants and sponsors. www.angelogordon.com

About Carousel Capital

Carousel Capital is a private investment firm that invests in companies located in the Southeastern United States. Carousel’s investor base includes institutional investors and an elite group of more than 60 current and former CEOs with significant operating experience. Since its inception, Carousel has invested in 23 companies primarily in three targeted growth sectors: business services; consumer products and services; and healthcare services.

About Visador

Visador is the holding company for two businesses: Coffman Stairs and Crown Column. Coffman is a leading manufacturer of hardwood stair parts in the United States. The Coffman brand is well known by distributors, dealers and installers for its quality craftmanship and unparalleled selection of styles and woods. Coffman offers more than 13,000 stair parts and related products, providing a single source stair system to the building products industry. Crown Column, with facilities in Attalla, Alabama, produces a broad offering of synthetic and wood columns, porch posts and lamp posts used in the construction, repair and remodeling of homes.