Meriturn
Meriturn Invests In Sustainable Solutions, Inc. 11/21/2006

SAN FRANCISCO, CA. – Meriturn Partners announces the completion of a strategic investment in Sustainable Solutions, Inc. (“SSI”), based in Wagoner, Oklahoma. Meriturn led and arranged a group of investors which included Meriturn, Capricorn Management, Granite Capital Management, and the MacLean family. The investment was strategic for Meriturn as SSI utilizes industrial waste streams to produce high-value products, often with lower costs of production. Meriturn believes the synergies created by its partnership with SSI will generate significant value both as a stand alone investment for the Meriturn Fund, as well as for existing and future portfolio companies that can benefit from SSI’s unique technologies.

“This is an important strategic investment for Meriturn. With our focus on restructuring and turnaround investing, we often encounter manufacturers with excess capacity and in need of new and profitable business development opportunities. SSI offers companies a terrific win-win: advanced, technically engineered products, lower production costs, and environmental sustainability; all inherent in SSI’s approach to manufacturing. We look forward to delivering on SSI’s growth potential, while benefiting Meriturn’s portfolio and the environment in the process,” said Meriturn Co-Founding Partner and SSI’s new Chairman, Lee Hansen.

Today, SSI is delivering value to three of Meriturn’s portfolio companies – a leather tannery, an industrial textile company, and a specialty paper mill. Each is working with SSI on sustainable programs to create innovative products with superior characteristics. These are marketed at competitive prices relative to their substitutes, while also offering all the benefits of environmental sustainability.

“We are excited about our new partnership with Meriturn. This investment has provided SSI with strategic growth capital to deliver our technology on a scale capable of supporting the sustainability goals of the largest companies in the world,” says SSI’s President K. Joy Nunn.

About Meriturn Partners, LLC

Meriturn Partners manages the Meriturn Fund, which invests in corporate recapitalizations, restructurings and turnarounds where its capital, financial restructuring, and operational initiatives can improve the profitability and growth of businesses. Meriturn targets investments in companies operating in basic industries (manufacturing, services, distribution, etc.) with $25-$250 million of revenue and based in the U.S. and Canada. Meriturn has invested in 7 companies, with combined annual revenues of approximately $300 million and over 1,000 employees. Meriturn was founded in 2001 and has offices in San Francisco, CA and Raleigh, NC.

About Sustainable Solutions, Inc.

SSI enables manufacturers, processors, and retailers to capitalize on their valuable waste streams by assessing then repurposing these now SmartStreams™ into value-added products. SSI’s unique, patented technologies convert environmentally damaging and costly post-industrial waste into superior raw material alternatives. Some of SSI’s products include: regenerated finished fibers and textiles; UrbanWood™; Dilusso™ Leather; Thermold™; an acoustic carpet system; and a cotton substitute for talc. All of SSI’s products utilize a majority of other companies’ waste, thus creating a unique network of cross-industrial pollination of new products and ideas. In addition to developing superior products from these SmartStreams™, SSI assists international companies in assessing and utilizing waste as an asset from their global supply chains. SSI is headquartered in Wagoner, OK and has offices in Detroit, Miami, and Shenzhen, China. For more information visit SSI’s website at www.ssiglobal.net or call (918) 485-1755.