The Fund characterizes itself as a longer-term investor based on specific performance goals it believes create substantial value for the company and the Fund. It believes this value is principally created through a "partnership type" arrangement between the Fund and the company with significant emphasis on collaborative strategic planning and effective building of the management team (if necessary) and financial and operational excellence.

Bill Newlin prefers a close relationship with at least the chief executive officer based on a rapport between them that promotes a seamless relationship of advice and discussion, recognizing that the ultimate answers, direction and execution must come from management.

The Fund will want either an advisory or board role to follow its investment.

Bill has served on over 30 boards of directors, from companies ranging from start up to growth to mature, including both private and public concerns. He has chaired both start up companies and New York Stock Exchange companies. This does not mean he seeks such a role in any given investment.

The Fund's role includes the following tasks:

1. Hands-on involvement in developing strategic and business plans for companies ranging from industrial to retail to technology.
2. Building management teams from one-person start-up companies to larger, privately held companies.
3. Advisor to executives and boards on financial and business issues.
4. Planning and executing an acquisition program.
5. Planning and executing a product licensing program.

If one idea captures the Fund's approach to creating long-term business value, it is constant and significant problem solving. The Fund believes that its broad experience provides a special vantage point to solving the most difficult issues that all companies have from time to time.

© Copyright 2011, Newlin Investment Company LLC, 441 Beaver Street, Suite 202, Sewickley, PA 15143, 412-741-0630