August 15th, 2007 – Houston, TX – Noble Logistics, the nations leading provider of time critical logistics services to the wholesale automotive parts industry, today announced the completion of their expansion into the North Carolina and Florida Panhandle Markets.

This expansion includes the establishment of operations in Charlotte, Winston-Salem and Raleigh which now operates a statewide overnight distribution system for a large Winston-Salem based wholesale distributor of automotive parts. With the recent addition of two large automotive accessory distributors Noble Logistics is now coordinating night time delivery solutions to nearly two hundred automotive dealerships, body shops and repair shops.

In addition to adding significant new business in North Carolina, Noble Logistics was recently awarded a contract from one of the nation’s largest mail consolidators to provide postal Destination Delivery Unit (DDU) deliveries throughout the Florida Panhandle. In order to support this expansion of services a new facility was opened in the Mobile, Alabama area. With the addition of this new facility and leveraging existing operations in Tallahassee, FL and Dothan, AL, Noble Logistics is now coordinating with delivery service providers involving the distribution of more than 20,000 packages weekly into the U.S. Postal system throughout the Florida Panhandle.

Noble Logistics CEO, Ed Tonkon stated, “The expansion of Noble Logistics into North Carolina and the Florida Panhandle is an example of the strategy we have been pursuing which is to expand our unique service offering in contiguous geographical regions while diversifying our customer base. Our Operations team did an excellent job according to our new customers in transitioning their transportation logistics to us.” Tim Yager, Southeast Division Vice President added, “We are pleased to be in these markets and are excited about the opportunities this expansion provides for our existing customer base who now have Noble Logistics as a distribution solution in these markets as well.”

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Noble Logistics, Inc. is a non-asset based provider of outsourced, dedicated logistics to customers requiring time critical local and regional delivery services.

Noble provides customized logistical and distribution solutions to automobile parts distributors from large wholesale automotive dealerships/parts distributors to other wholesalers, smaller dealerships and repair shops. Similarly, the company provides customized logistical and distribution solutions for the pharmaceutical industry relating to the distribution of pharmaceutical products to end users from regional distribution centers and also works with the healthcare and retail industries. Noble operates from 37 locations in 22 states and is headquartered in Houston, TX. For more information, please visit www.noblelogistics.com.
Contact information: Jim Rafferty at 248-561-6991

January 16th, 2007 – Noble Logistic Services, Inc. announced today that it has completed a management buyout financed and backed by Pine Creek Partners, Washington, D.C., in partnership with Atlantic Capital Group, Baltimore, MD; Gladstone Capital, Mclean, VA; and Growth Capital Partners, Houston, TX. Growth Capital Partners served as the exclusive financial advisor to Noble Logistics Services, Inc.
The new, well-capitalized company will operate as Noble Logistics, Inc (Noble). Learn more about Noble at www.noblelogistics.com.

Noble is a non-asset based provider of outsourced, dedicated logistics solutions to customers requiring time critical local and regional delivery services. This buyout transaction delivers a stable financial base which will position Noble to meet the needs of its ever changing marketplace through investment in technology, additional team members and expanded service areas. Noble has developed a unique method for designing logistical solutions for the automobile parts industry from large wholesale automotive dealerships/parts distributors to other wholesalers, smaller dealerships and repair shops. Similarly, the company has successfully applied this niche model to the pharmaceutical industry, by customizing logistical solutions for delivery of pharmaceutical products to end users from regional distribution centers.

Noble operates from 32 locations in 20 states and intends to expand its service area while continuing to provide quality customer service. During the past 18 months, Noble successfully expanded into the Southeast region and delivered the best financial performance in its history. Noble’s business model is highly conducive to other markets or industry subsets that require time critical delivery and multiple routes.

Pine Creek is pleased to have partnered with I. Edward Tonkon II, a talented and proven executive, to lead the growth as CEO of Noble. Ed brings over 20 years of senior executive leadership experience in the publicly traded and private equity corporate environments of retail and business-to-business outsourcing, with a substantial logistics component. From 1999 to 2005, Ed was CEO and member of the Board of Directors of WIS International, the world’s second largest physical inventory management and merchandising services business with over 14,000 employees. WIS was structured as a private equity-backed management buyout that was successfully exited in 2005. Prior to WIS, Ed’s background includes serving as President and General Manager of Huffy Service First, a former subsidiary of Huffy Corporation, the only nationwide provider of product assembly services to retail. He also held various management posts with Southland Corporation and Chief Auto Parts in Dallas.

“This incredible transaction is straight out of the Pine Creek playbook,” said Noble Chairman George McCabe. “Our firm was able to combine the experience of a proven CEO with the energy of an in-place senior management group. The combined team is fired up to drive an already successful Noble to the next level of service to its employees and customers.”

Jim Bannantine, Managing Partner of Atlantic Capital Group, said, "Noble Logistics Services occupies a very competitive position in this space, which makes this an exciting investment opportunity for us.”

“Noble Logistics’ proven value proposition to their strong and tenured customer base coupled with an experienced and passionate management team offers a unique business model and service offering,” said Tonkon. “This exciting opportunity combined with the financial support of Pine Creek Partners now creates significant growth potential to expand Noble Logistics' valued service offering geographically and to new customers within the automotive parts and pharmaceutical industries.”

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Pine Creek Partners, Washington, D.C., manages a proprietary private equity fund that offers capital and guidance to growing companies and the executives who currently or in the future will run them. The firm was founded on the belief that entrepreneurs are unique leaders whose vision and energy is the core of a successful company. Through constructive and confidential partnerships, Pine Creek provides unobtrusive advice and timely funding for expanding or purchasing a business, or providing liquidity to an owner. Over the past decade, our founding partners have invested over $600 million in more than 30 companies and helped numerous executives build businesses. To learn more about Pine Creek’s management-focused approach, visit www.pinecreekpartners.com.

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Gladstone Capital is a specialty finance company that invests in debt securities consisting primarily of senior term loans, second lien loans, and senior subordinate loans in small and medium sized businesses. For more information, please visit www.gladstonecapital.com/.

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Atlantic Capital Group is a private equity firm based in Baltimore, MD. ACG makes equity and mezzanine financing investments in growing businesses which are poised for scale and have a record of success, creativity, and cash flow. ACG considers an experienced management team with integrity to be an essential prerequisite to any investment. ACG partners are successful entrepreneurs and operators, who have founded and or managed businesses from start-ups to public companies with top line revenues in excess of $1.5 Billion per company. For more information, please visit www.atcapgroup.com.

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Founded in 1992, Growth Capital Partners, L.P. (www.growth-capital.com) is an investment and merchant banking firm that provides financial advisory services to both private and public middle-market companies. GCP also focuses extensively on the private equity marketplace. Since its inception, GCP has completed in excess of 200 transactions, raised more than $1 billion of institutional capital (through private placements of equity, subordinated, and senior debt), and completed M&A transactions with an aggregate value in excess of $3.0 billion.

June 1st, 2005 – Noble Logistic Services, Inc. (NLS) announces cNLS, a customer centric web-site
We are pleased with the unveiling of cNLS. Our customers will have the option of entering individual shipments into our system throughout the day or send an EDI file at the end of the business day. The system will produce a bar-coded shipping label that the customers will attach to the packages and the system will track CODs, Returns and Claims. In addition, customers can produce a host of reports that will assist them in managing their transportation activity.

July 5th, 2004 – Noble Logistic Services, Inc. (NLS) announces the opening of twelve (12) new locations
These location will service Florida, Georgia, Mississippi, Alabama, Louisiana, Arkansas, North Carolina, South Carolina, Kentucky, West Virginia, Tennessee, Ohio, Indiana, Illinois and Missouri. Steve Savant, CEO and President of NLS stated, “We are extremely pleased with the opportunity, through a very large current customer of ours, to create an extensive distribution network. This expansion will allow us to service over 1200 delivery points in metro, surburban and rural markets throughout fifteen (15) states on a next-day basis.”

June 1st, 2004 – Noble Logistic Services, Inc (NLS) announces the launching of a re-designed web-site to better align the company with the target customer groups
Steve Savant, CEO and President of NLS, stated, “We want the NLS homepage to feature our most important assets, namely our dedication to the automotive industry. A cost calculator helps potential clients determine their true expense of running an in-house delivery system. In addition, there are a number of other changes that make the homepage a better representation of our company and the planned future enhancements will add even more value to our current and potential customers.”