PUTNAM LUMBER SOLD TO PUTNAM LUMBER ACQUISITION CORPORATION

Clear Thinking Group acted as exclusive financial advisor in the successful sale of Putnam Lumber and Export Company to Putnam Lumber Acquisition Corporation. The transaction closed on Friday, April 30, 2010.

About Putnam Lumber

Putnam Lumber was founded in 1945 and is located in the port city of Jacksonville, Florida. Operated by second and third generation members of the founder's family, they are experienced in all phases of lumber manufacturing and distribution. Annual overseas sales of Southern pine and Hardwood lumber and panel products exceeds 95,000 cubic meters. Shipments are routed worldwide direct from their mills or warehouses located in Florida and Alabama. While the majority of the business is export sales of Southern pine or hardwood lumber and plywood to the Caribbean and Mediterranean the company continues to expand into new markets. Putnam Lumber has grown by focusing on providing dependable service while filling the special needs of customers and developing lasting relationships.