Island Oasis Acquires Byesville

NASHVILLE, Tennessee (May 2007)—Bailey Southwell & Co., LLC (BSC) is pleased to announce the completion of the sale of Byesville Aseptics (BALLC), a privately-held leader in aseptic packaging, to Island Oasis (IO), a leading producer of high quality frozen drink mixes in the food-service industry. The transaction was closed on May 8, 2007. BSC acted as the exclusive advisor to BALLC.

Looking to expand its innovative aseptic packaging business, BALLC engaged BSC to explore strategic options to support that growth. After an extensive strategy review process with BALLC’s management team, it was decided that a sale to IO was the most attractive option. Now BALLC, a subsidiary of IO, can expand it bag-in-box product offering and fulfill its contract with one of the world’s largest beverage producers.

“Bailey Southwell proved to be invaluable in helping BALLC achieve its growth goals through a partnership with a larger firm,” said Larry Burke, chief executive officer of BALLC. “Their rigidly structured, fact-based approach to evaluating strategic options enabled our team to consider all the alternatives on their merits, and to execute our preferred option in a timely fashion. We look forward to working with them in future, and would not hesitate to recommend them to other firms that are also looking to achieve a step change in revenue growth.”

About Bailey Southwell & Co.

Bailey Southwell & Co., LLC, founded in 2005, is a privately held investment bank with offices in Nashville, Tennessee and St. Louis, Missouri. BSC provides mergers and acquisition and capital raising advisory services to middle market companies. More information about BSC can be found at www.baileysouthwell.com.

About Byesville Aseptics

Byesville Aseptics, LLC has been packing and making quality products since 1984. They have long-standing ties to both their community and their clients—their workforce has been in place an average of 15 years. The company’s focus on delivery of excellence has helped make BALLC one of the leaders in their field. More information about BALLC can be found at www.worldclassjuices.com.