PBC invests in CAPRI Engineering, LLC

May 3, 2005

Palm Beach Capital today announced that it has made an equity investment in CAPRI Engineering, LLC. Financial terms of the transaction were not disclosed.

CAPRI Engineering, based in Sunrise, Florida, is a three-year old engineering firm with ten locations strategically positioned around the state of Florida. The company, known for its excellence in Structural and Geotechnical Engineering, Special Inspection Services and Municipal & Educational Facilities Support Services, has also been attributed with promoting more progressive and innovative services such as Private Provider ServicesTM and Condominium Defect MitigationTM Services. Provided by more than 150 professionals, exceptional client service has enabled CAPRI to grow its business over 400% this past year alone.

“We believe that CAPRI Engineering is well positioned for continued significant growth in the engineering services industry. Its innovative management team, coupled with exceptional client service, will enable the company to fully take advantage of the strong projected growth in the U.S. construction market,” stated Nate Ward of Palm Beach Capital.

Gary H. Elzweig, P.E., President and CEO of CAPRI stated, “Palm Beach Capital shared our vision of service-led growth. Their investment allows CAPRI to continue our expansion throughout our target markets. We look forward to continuing the highest level of service and professionalism that our clients deserve.”

CAPRI prides itself in being an industry leader and innovator and with providing its clients with costeffective quality services in a prompt and responsible manner. Notable clients of CAPRI include DR Horton, Centex, DiVosta, Lennar Homes, Transeastern Properties and Related Companies of Florida as well as the University of Florida, Florida State University and various municipalities. For more information, go to the company’s website at www.capriengineering.com.

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