Home Fund Overview Advantages Team Advisors Portfolio News Contact Us Careers Investor Login

News | Press Releases

For Immediate Release

BIA DIGITAL PARTNERS INVESTS $5.25 MILLION IN FMW, INC.

Investment Supports Company's Future Growth Plans in Locally Targeted Ad Services

CHANTILLY, Va., December 4, 2007 - BIA Digital Partners II LP, www.biadigitalpartners.com, a private investment firm focusing on mid- to later stage companies, announced today a mezzanine investment of $5.25 million in FMW, Inc. ("Fanfare" or the "Company"), providing the Company with capital to help support its strategic initiatives. The facility is expandable to $7.25 million under certain conditions. In conjunction with the investment, BIA's Lloyd Sams has been appointed as a director on Fanfare's board of directors. Fanfare is owned by Blackstreet Capital Partners, LP. and Management.

Fanfare's progenitor was founded in 1951. The company is headquartered in Valencia, California, with additional offices throughout the United States and Canada. Fanfare is a leading provider of locally targeted advertising and promotion services to advertisers across the U.S. and Canada. The Company offers local merchants and service providers, as well as franchisees of national companies, a suite of targeted advertising products and services which are distributed through a national network of 9,500 supermarkets. The Company's largest products are: (i) Register Tape Network, cash register tape that Fanfare contracts to provide to major grocery store chains in return for the right to print coupons and advertising on the back of the tape; (ii) Adcart, advertising-surrounded aisle directories that are placed on supermarket shopping carts; (iii) Publications, a series of free advertising supported entertainment-oriented magazines distributed in supermarkets; and (iv) Market Information Centers, which are in-store billboards.

"Fanfare has a long history of providing local advertisers with unique, targeted marketing solutions," stated Brendan Ross, President & CEO of Fanfare. "We are very excited about our new partnership with BIA Digital Partners given their experience in providing financing to advertising-based businesses. We look forward to leveraging their network of industry contacts and strengthening Fanfare's leading market position. The partnership with BIA will help Fanfare pursue an aggressive agenda of innovation and improvement that will benefit our customers and supermarket partners."

"Fanfare exhibits many of the characteristics BIA Digital Partners looks for in attractive portfolio companies," stated Lloyd Sams, Managing Principal of BIA. "With a leading market position, invigorated and capable management, and stewardship from an experienced financial sponsor in Blackstreet Capital Partners, we are excited about the potential of this new investment. Advertisers value Fanfare's products."

"We are pleased to have BIA as our lender and partners on this deal," said Murry N. Gunty, Managing Partner of BCP. "Their media expertise will be very helpful to Fanfare going forward."

Contacts
Gretchen Boyd, (703) 227-9646, gboyd@bia.com
Lloyd Sams, (703) 227-2998, lsams@bia.com
Damien Dovi, (703) 227-9650, ddovi@bia.com

About FMW, Inc.
Fanfare is headquartered in Valencia, California, with additional offices throughout the United States and Canada. Fanfare is a leading provider of locally targeted advertising and promotion services to advertisers across the U.S. and Canada. Fanfare's advertising products are used by more than 30,000 local businesses and franchisees of national and multinational companies,. In FYE 2007, Fanfare printed and distributed over 53,000 unique advertisements. For more information, visit http://www.fanfaremedia.com.

About Blackstreet Capital Management
Blackstreet Capital Management, LLC (www.blackstreetcapital.com) is a Bethesda, MD based private equity firm with $88 million of capital under management. Blackstreet focuses on control buyouts of companies that are either underperforming, in out-of-favor industries or are undergoing some form of transition. Blackstreet seeks investments in a range of industries, including manufacturing/distribution, restaurants, specialty retail, business services and health care.

About BIA Digital Partners
BIA Digital Partners is a private investment firm, managing over $250 million. Financing is available for acquisitions, organic growth, recapitalizations and leveraged/management buyouts among other purposes. BIA Digital Partners maintains a focus on mid- to later-stage companies operating in the media and entertainment, telecommunications, information, business and consumer services industries. Investments generally range from $5 to $12 million and are in the form of subordinated debt with warrants or preferred equity. For more information, go to www.biadigitalpartners.com.

BIA Digital Partners has two affiliates, BIA Capital Strategies, LLC and BIA Financial Network (BIAfn). BIA Capital Strategies provides merger and acquisition advice and arranges equity and debt funding. BIAfn, the nation's leading communications appraisal and valuation firm for more than two decades, assists with valuations, research and analysis, strategic consulting, and financial and operational consulting. For more information, visit www.biacapital.com and www.bia.com.