LSSI Corporate Finance This announcement appears as a matter of record only has been recapitalized by Islington Capital Partners, LLC We initiated the transaction, acted as financial advisor to, and assisted with the negotiations as the representative of Library Systems and Services, LLC a member of Securities transactions conducted by FOCUS Securities LLC, an affiliated company, registered broker dealer and member FINRA/SIPC. Inside the Deal Deal Type: Corporate Finance Client(s) Library Systems and Services, LLC (LSSI) Germantown, MD, U.S.A. Transaction Partner(s) Islington Capital Partners, LLC Boston, MA, U.S.A. FOCUS Teams Involved Capital Financing Group FOCUS Teams Involved FOCUS Teams Involved Government, Aerospace & Defense About Library Systems and Services, LLC Library Systems and Services, LLC (“LSSI”) was founded in 1981. Since that time, LSSI has been the premier provider of library outsourced management services in the United States. During the mid 1990s, LSSI began to transition it competencies with managing Federal Government libraries to the public, academic and special library market segments. By the late 1990s, the Company had successfully developed the Library Management Services concept that has been widely adopted by the library market. Today, LSSI manages well over 15 library systems on a national basis and is very well positioned for rapid growth. This recapitalization transaction and working capital investment will assist LSSI with its rapid market penetration plans. About Islington Capital Partners, LLC Islington Capital Partners is a Boston based private equity firm that is focused on buyouts and recapitalizations of companies in the lower middle market. The firm was formed in 2005 by John Cullinane and Paul Spinale. Prior to co-founding ICP, Mr. Cullinane was President and CEO of BancBoston Capital, the $5 billion principal investing unit of FleetBoston Financial, now Bank of America. Mr. Spinale was most recently Managing Director at Audax Group, a middle market investment firm where he was dedicated to the firm’s $500 million buyout fund. Prior to Audax, he spent 8 years with Bain Capital. About FOCUS, LLC FOCUS, LLC, founded in 1982 in Washington, DC, provides a range of investment banking services tailored to the needs of middle market businesses. Today the firm is national in scope, serving clients from offices in major cities across the United States. FOCUS specializes in serving businesses with revenue or transaction sizes between $5-300 million, serving entrepreneurs, corporate owners, and various types of investors. FOCUS has over 20 investment banking professionals in its four offices in Atlanta, Chicago, San Francisco, and Washington, DC. To find out more about the specialized services of FOCUS, visit www.focusbankers.com. Related Testimonial Frank A. Pezzanite, CEO and Judy Pezzanite, COO, Co-Founders, LSSI "LSSI was founded in 1981; since that time, our firm has been providing total library management services to government and public libraries. Today, we are the industry leader in providing outsourced library management. Our initial market was the U.S.Federal Government where we managed multiple agency library locations. In the late 1980s, we were introduced to Marshall Graham, the founder of FOCUS. Based, in part, on his guidance, our firm accepted the challenge of extending our total library management concept into the public library sector. By early 2006, our firm had a client list of more than 45 public libraries as well as numerous government agency clients including the Library of Congress, Smithsonian Institution, US Department of Veterans Affairs, and the Overseas Private Investment Corporation. As my wife and I approached retirement age, we once again called on Marshall to represent us in acquiring outside investors. We needed a financial partner who would acquire a significant stake in LSSI while providing the increased working capital needed to fuel our company's growth. Marshall introduced us to Islington Capital Partners, a Boston-based private equity firm that made the investment. The professional approach, deep research capability, and our long relationship with Marshall Graham of FOCUS proved to be a winning combination, resulting in a very successful transaction." * Testimonials may not be representative of the experience of all clients; testimonials are not a guarantee of future performance or success.