Direct To Consumer: Specialty Retailing & E-Commerce

Sterling Optical Corporation

Assisted public optical retail chain (NYSE) formulate its bankruptcy plan, arrange debtor-in-possession financing and sell the company's assets during Chapter XI bankruptcy.

Syd & Sam, Inc.

On-line retailer of petite and large size woman's clothing merged with a woman's portal financed by institutional investors.

Tuffy Auto Service Centers, Inc.

Developed with management an acquisition and internal growth model for the number one rated franchiser of under-car repair facilities which was implemented to grow the company profitably from 150 units to over 250 units over a seven year period.

Urban Acquisition Corp

Acquisition of Petrie Retail Stores in a bankruptcy auction.

* Indicates transactions were completed by Avalon Net Worth senior executives while employed at previous firms

Page 3 of 3