1/2009 – Chuck Packard Expands Role at CB Capital – Becomes Partner at the Firm

NEWPORT BEACH / LOS ANGELES (January 2009) – CB Capital Partners is proud to announce that Chuck Packard has expanded his role at CB Capital Partners and is now a Partner with the firm. Chuck Packard has an exceptional track record and is a pillar within the community. Mr. Packard has played a key role in CB Capital's 2008 successes and will continue to be an asset going forward.

Chuck Packard
Mr. Packard is a veteran Senior Business Executive with over four decades of experience encompassing multiple industries from professional sports, airlines, internet-based businesses, real estate and financial services. For a quarter century, Mr. Packard was the Chief Financial Officer and Vice Chairman of the Board for George Argyros and The Argyros Family Interests. His business acumen contributed to the successful due diligence, acquisition, operation and disposition of the Seattle Mariners Baseball Team, AirCal and TicketMaster Northwest. In addition, he was responsible for numerous real estate project acquisitions, development and property management of real estate valued in excess of $1.5 billion.

Mr. Packard developed various Due Diligence Analyses for multiple businesses to determine the proper valuation prior to acquisition; was instrumental in improving the daily operations to increase the valuation for a liquidity event; developed and implemented a disciplined financial approach of Business-Specific Performance Metrics for all operating businesses to maximize annual cash flow and disposition valuation; developed team members to increase management team strength for better operating results; and negotiated Business Joint- Ventures with partners in the Western Hemisphere, Europe and the Middle East.

Mr. Packard holds a Bachelor's Degree and Master's Degree in Business Administration from the University of Toledo.

About CB Capital Partners
CB Capital Partners is a specialized investment banking firm, which focuses on creating value through customized financial advisory assignments including capital raises, debt placements, strategic and financial partnerships, and mergers and acquisitions transactions. The firm was founded in 2001 in order to bring innovative and value-added solutions to our clientele through a conservative and disciplined application of our diverse professional institutional investment banking talents. For more information please contact us at (949) 219-5296 or visit www.CBCapital.com.