Key Principal Partners Invests $6.0 Million in Pressac Decorative Systems

CLEVELAND--Aug. 1, 20059, 2005--Key Principal Partners (KPP), a $1 billion private investment firm, announced today an investment of $6.0 million in subordinated debt, preferred stock and common equity in Pressac Decorative Systems to facilitate its acquisition by Riverlake Partners, LLC. Riverlake Partners, a Portland, Oregon based private equity buyout fund, purchased Pressac Decorative Systems for $30.4 million in cash. The company's existing management team invested in the transaction and will maintain their current roles in the new entity.

Pressac Decorative Systems, which will be renamed Advanced Decorative Systems (ADS) following the transaction, is a leading global manufacturer of automobile instrument dials, appliques and other decorative products such as heater controls, interior trim, switch sets and audio panels. The company conducts its operations through two main divisions: Kaumagraph Flint Corporation, located in Millington, Michigan and John McGavigan Ltd. Corporation in Bishopbriggs, Scotland. For the fiscal year ending December 31, 2004, the combined company generated revenue of $41.5 million.

"Kaumagraph and McGavigan, with their strong customer bases and unique, patented products, are already well positioned as industry leaders. Following the transaction, we expect to assist the company in expanding into new market segments and exploring opportunities in Asia," said Leland Lewis, Partner at KPP.

KPP has made other investments in the automotive industry including the recapitalization of Asimco Technologies, the largest independent manufacturer of automotive parts in China, in 2004.

Through the transaction, KPP will have an equity position in the company and a seat on the board of directors. The transaction was aided by a $5.6 million senior term loan and a $6.0 million revolving credit facility from LaSalle Bank. Lincoln Partners acted as financial advisors to Riverlake Partners.

About Key Principal Partners

Key Principal Partners (KPP) is a nationally recognized private investment firm providing capital to middle market companies throughout North America. KPP utilizes mezzanine and equity capital to fund the growth, buyout, refinancing or acquisition of profitable companies. In addition, KPP provides liquidity to shareholders of privately held stock. Distinctively, KPP's flexible approach to structuring investments does not require control of companies. KPP has approximately $1 billion in capital under management and can invest $5 million to $25 million in companies with at least $20 million in revenue. Headquartered in Cleveland, KPP is affiliated with KeyCorp, a $90 billion financial services firm and has offices in Boston, Greenwich and San Francisco. For additional information, visit: www.keyprincipalpartners.com.

About Riverlake Partners

Riverlake Partners, LLC, is a private equity buyout fund with a targeted focus on traditional economy manufacturing, distribution and service businesses. Riverlake seeks controlling interests in companies through commitments of $3 to $8 million in a variety of leveraged buyout, consolidations, recapitalizations and growth financing transactions. The company has a unique strategic alliance with Lincoln Partners, LLC, a Chicago-based middle-market investment banking firm. Riverlake has offices in Portland, Ore., and Chicago, Ill., and a national network of partners and advisors. For more information visit: www.riverlakepartners.com.