Avante Mezzanine Partners Deal Announcement – Nobles Manufacturing, Inc. Transaction Closed April 2011

Los Angeles, California – Avante Mezzanine Partners is pleased to announce its investment in Nobles Manufacturing, Inc. Founded in 1948 and headquartered in St. Croix Falls, Wisconsin, Nobles designs and manufactures proprietary advanced ammunition delivery systems and gun mounts used on a wide variety of global military platforms.

Avante provided subordinated debt and equity co-investment, in partnership with Fidus Mezzanine Capital, to support Inverness Graham Investments’ acquisition of Nobles. “We are pleased to invest in one of the most successful and enduring specialty manufacturing businesses in the Midwest,” said Natasha Fox, a Partner of Avante. “With Nobles’ impressive management team and Inverness Graham’s strategic guidance, the company is well positioned for continued success.”

“We are happy to have Avante and Fidus as financing partners for this transaction,” said Skip Maner, COO & Managing Principal of Inverness Graham. “We appreciate their ability to quickly understand Nobles’ business and provide flexible and responsive financing resources. We look forward to working with them in supporting Nobles’ future growth and strategic objectives.”

About Avante Mezzanine Partners

Avante is a lower middle market mezzanine fund headquartered in Los Angeles, California with an office in Boston, Massachusetts. Avante is focused on making $3 million to $15 million subordinated debt and structured equity investments in buyouts, minority recapitalizations, refinancings, and acquisition and growth financings. Avante’s three Partners have collectively invested more than $1.3 billion in over 60 transactions. For more information on Avante, visit www.avantemezzanine.com.

About Nobles Manufacturing, Inc.

Nobles is a leading manufacturer of Ammunition Feed Systems Components and Centrifugal Dryers. In addition, Nobles produces a wide range of military applications to include gun mounts, ammunition magazines, ammunition feed systems and military replacement/repair kits. Nobles has produced ammunition chutes since 1948 and its high quality military products are used on many different weapon systems and on all types of land, sea and air applications. For more information on Nobles, please visit www.noblesmfg.com.

About Inverness Graham Investments

Inverness Graham is an operationally focused, lower middle market private equity firm headquartered in suburban Philadelphia. Inverness acquires high growth, innovative manufacturing and service companies with enterprise values of less than $75 million. The firm has over $200 million under management and was founded by senior executives of the Graham Group of industrial businesses. For more information on Inverness Graham Investments, visit www.invernessgraham.com.