Bridgewell Resources LLC – Q2 Review 2011

Jim Toya, Chairman
Kyle Burdick, President

Bridgewell Resources LLC (“Bridgewell” or the “Company”) supplies a variety of construction products, utility supplies, wood products, food ingredients and crop inputs, together with logistics services, to suppliers and customers globally. Bridgewell commenced operations in March 2010.

As we have previously communicated, upon acquisition we set out to address the challenges facing Bridgewell in a systematic fashion. We are pleased to report that the Company is nearing the end of its stabilization phase and is about to embark on the next phase of its recovery — accelerated growth and driving excellence in operations to become a Performance Organization. During Q2 2011, the Company saw its revenue in backlog KPI (sales commitments that have not yet shipped) grow sequentially by 28.5% from the end of Q1 to the end of Q2.

As a key enabler of its growth strategy, Bridgewell successfully closed on a new working capital facility, providing the Company with ample additional liquidity to fund business expansion. We believe Bridgewell is well-positioned to take advantage of growth prospects in both domestic and international markets.