Recognition Group Release

Recognition Group, a New York based merchant bank, acted as exclusive financial advisor to Binder Machinery, Inc. Binder Machinery, Inc. is one of the most respected suppliers of construction machinery in the Northeast. Binder sells and supports a wide range of new and used equipment. Binder offers complete product lines for all types of earthmoving, rock crushing, cranes, aerial work platforms, welders, generators and pumps, screening, demolition, scrap processing, concrete, and asphalt paving work.

Recognition Group was retained to refinance existing debt and to raise new debt capital. On April 30th, Binder closed on its new debt financing including a $6 million senior working capital loan, a $3 million mezzanine loan and a commercial real estate loan secured by the Company headquarters for $6 million.

Recognition Group created the financing structure and negotiated with new and existing lenders to complete the financings.

About Recognition Group
Recognition Group offers world-class financial advisory services, specialty financing, and turnaround management to small and middle-market companies. Recognition Group provides corporate clients with a hands-on approach to capital raising, M&A, and financial and operational restructuring to assist our clients in maximizing the financial value of their companies. Since our inception in 2000, we have completed over 40 assignments in M&A advisory, buyouts, capital raising, and financial and operational restructuring. KIT Capital Fund, Recognition Group's proprietary investment arm, leverages the firm's financial and operational expertise to take control stake investments in companies in transition. KIT Capital seeks to identify unique investment opportunities that can benefit from our financial and operational expertise.

Contact:
Recognition Group
W. Montgomery Cook
212-774-3700

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