KODA Enterprises Group Announces Addition to its ACT Management Team in York, PA

We are pleased to announce the appointment of Mr. David L. Oberdorff to the position of General Manager and Chief Operating Officer of American Cooling Technology, Inc. (“ACT”) located in York, Pennsylvania. Dave joins our management team with over sixteen years of experience in the specialty air conditioning market.

Dennis Mitchell, President and CEO of KODA’s Pro Air unit in Elkhart, Indiana stated “Dave’s outstanding experience in the transit, inter city, shuttle and school bus markets over many years should serve him well as he moves into this leadership position at ACT. Additionally, we will be integrating Pro Air and ACT into a seamless operation so customers can receive the best of both organizations in their served markets.”

KODA Enterprises Group, located in Lexington, MA is a middle market private investment firm that concentrates on companies in niche markets that have the potential to benefit by the financial strength and expertise KODA provides to its portfolio companies.

For further information contact: James Peden, Chief Operating Officer KODA Enterprises Group 423-756-8891 jpeden@koda.com

KODA Enterprises Group Acquires American Cooling Technology

KODA Enterprises Group announced today the acquisition of American Cooling Technology, Inc. (ACT) a leading manufacturer and supplier of air conditioning systems for bus and other specialty vehicles. ACT is headquartered in York, PA.

Messrs. James Schreiber and J. R. Lucas, the former owners of ACT as well as all of the employees of ACT will join the KODA team and the facility in York will remain as the primary office and manufacturing site.

According to J. R. Lucas, “teaming with KODA will allow ACT to continue and improve upon its leadership position in our markets. Both James and I are excited and look forward to our new roles with KODA.”

ProAir, LLC, an existing KODA portfolio company also has a strong presence in supplying heating and cooling systems to the specialty vehicle markets and while the companies will remain separate entities, there will be significant synergies in combining forces with ACT. Mr. Dennis Mitchell, President of ProAir said, “We have watched and admired ACT in our markets and I feel that this combination will strongly benefit both companies and will be great for our combined customers.”

KODA Enterprises Group, located in Lexington, MA is a middle market private investment firm that concentrates on companies in niche markets that have the potential to benefit by the financial strength and expertise KODA provides to its portfolio companies.

For further information contact: James Peden, Chief Operating Officer KODA Enterprises Group 423-756-8891 jpeden@koda.com

KODA Enterprises Group Announces Opening of Third Facility for its KLW Plastics, Inc. Operation

KLW Plastics announced its third production facility is scheduled to open in Atlanta,GA in July 2012. Atlanta was selected due to its proximity to a large current and prospective customer base as well as to geographically broaden KLW’s U.S. footprint. KLW’s president, Mike Legeza, commented that “Atlanta allows KLW to serve a broader reach of customers, delivering superior quality and logistics reliability to new customers previously disadvantaged by high freight costs and excessive transit time.” As demand continues to increase, the company plans to increase capacity in Atlanta while exploring potential locations for a fourth production facility. This capacity increase has been enthusiastically supported by our financial partner, Fifth Third Bank. KODA Enterprises Group, located in Lexington, MA is a middle market private investment firm that concentrates on companies in niche markets that have the potential to benefit by the financial strength and expertise KODA provides to its portfolio companies.

For further information contact: James Peden, Chief Operating Officer KODA Enterprises Group 423-756-8891 jpeden@koda.com

KODA Enterprises Group Acquires Douglas Machines Corp.

KODA Enterprises Group announced today the acquisition of Douglas Machines Corp. located in Clearwater, Florida. Douglas is the leading manufacturer and supplier of industrial washing and sanitizing systems for food related industries. The Company designs and manufactures a broad range of systems used in the bakery, meat, poultry, food processing, packaging and distribution industries serving many of the most recognizable names in the food preparation market.

Douglas will continue to operate with its current management at its primary location in Clearwater. “We are excited with KODA’s decision to help Douglas continue its growth” said David Ward, President of Douglas. “We looked at several potential partners and we feel KODA is the best positioned to help us achieve our goals of making Douglas even stronger in our served markets.”

The acquisition was financed with Subordinated Debt provided by Harvest Capital Credit, LLC located in New York City and Senior Term and Revolver Facilities provided by Amalgamated Bank also of New York.

According to Richard Buckanavage, President of Harvest, “We view Douglas as a great company with a great management team, and a sound investment for us. We have looked forward to closing a transaction with KODA for some time now.”

KODA Enterprises Group located in Lexington, MA is a middle market private investment firm that concentrates on companies in niche markets that have the potential to benefit from the financial strength and operational expertise KODA provides to its Portfolio Companies.

For further information contact: James Peden, Chief Operating Officer KODA Enterprises Group 423-756-8891 jpeden@koda.com

KODA Enterprises Group Announces Comprehensive Restructuring of its Credit Facilities with Berkshire

KODA announces that it has completed a comprehensive refinancing of its senior credit facility with Berkshire Bank to allow the continuing rapid growth of Pro Air Holdings. Pro Air Holdings has two operating units, Pro Air, LLC in Elkhart, Indiana and American Cooling Technology, Inc. (“ACT”) located in York, Pennsylvania.

This new financing, which included a substantial capital infusion from KODA, provides significant liquidity to the companies to allow for their continued growth as they increase their market share.

Dennis Mitchell, President and CEO of Pro Air, LLC states “KODA’s ongoing support of Pro Air and ACT has allowed both companies to continue to execute their growth strategies in the transportation markets they serve. It is comforting to know we have a confident and committed owner.”

KODA Enterprises Group, located in Lexington, MA is a middle market private investment firm that concentrates on companies in niche markets that have the potential to benefit by the financial strength and expertise KODA provides to its portfolio companies.

For further information contact: James Peden, Chief Operating Officer KODA Enterprises Group 423-756-8891 jpeden@koda.com

KODA Realty Announces Purchase of Elkhart Facilities and Comprehensive Refinancing of Real Estate

KODA Realty announces the purchase of two facilities in Elkhart, Indiana and the refinancing of its facility in Sanford, Florida.

The facilities in Elkhart are leased by our Pro Air operating unit and the facility in Sanford is leased by a former portfolio company, Adapco, Inc.

Both of these facilities are being financed by Berkshire Bank. Mark Foster, Vice President of Berkshire stated “both of these facilities are in excellent condition and we are extremely confident that Koda Realty will manage these assets in a professional manner.”

KODA Enterprises Group, located in Lexington, MA is a middle market private investment firm that concentrates on companies in niche markets that have the potential to benefit by the financial strength and expertise KODA provides to its portfolio companies.

For further information contact: James Peden, Chief Operating Officer KODA Enterprises Group 423-756-8891 jpeden@koda.com

KODA Enterprises Group Announces Sale of KODA Distribution Group to Audax

KODA Distribution Group (“KDG”) today sold a majority of its position to Audax, a Boston based Private Equity Firm. KODA will continue to be the largest non-institutional investor and William S. Karol, President and CEO of KODA, will continue his involvement as the Chairman of the Board. Mr. Karol’s role will be as active driver of KDG’s growth strategy with future acquisitions playing a major role in this strategy.

Bill Karol stated “by teaming up with Audax and their outstanding operational and financial resources, I believe we can achieve our strategic goals faster and take KDG to the next level of growth and profitability. We expect that our continuing investment in KDG will yield outstanding returns for everyone involved.”

KODA Enterprises Group, located in Lexington, MA is a middle market private investment firm that concentrates on companies in niche markets that have the potential to benefit by the financial strength and expertise KODA provides to its portfolio companies. http://www.burnslev.com/downloads/amazing-deals/Burns-Deals-Ad-2011-Web.pdf http://www.sperrymitchell.com/kdg.asp

For further information contact: James Peden, Chief Operating Officer KODA Enterprises Group 423-756-8891 jpeden@koda.com

KODA Enterprises Group Announces Opening of its Second Facility for its KLW Plastics, Inc. Operation

In February 2008, KLW Plastics, located in Monroe, Ohio began production in its second production facility in Houston, TX. Houston was selected due to its proximity to our large current and prospective customer base as well as to geographically broaden KLW’s U.S. footprint. KLW’s president, Mike Legeza, commented that “Houston allows KLW to serve a broader reach of customers, delivering superior quality and logistics reliability to new customers previously disadvantaged by high freight costs and excessive transit time. With a manufacturing presence in Houston that can competitively serve the South, Southeast, and South West U.S., KLW is the sole national supplier of environmentally-friendly 3.5 to 7 gallon plastic containers that meet increasingly stringent state packaging regulations.” KLW- Houston shipped its initial truck load in the first week of March 2008. As demand continues to increase, the company plans to increase capacity in Houston while exploring potential locations for a third production facility.

KODA Enterprises Group, located in Lexington, MA is a middle market private investment firm that concentrates on companies in niche markets that have the potential to benefit by the financial strength and expertise KODA provides to its portfolio companies.

For further information contact: James Peden, Chief Operating Officer KODA Enterprises Group 423-756-8891 jpeden@koda.com