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September 13, 2006

HOLLYWOOD, CA — Lucky Strike Entertainment (“Lucky Strike”), a Hollywood, CA-based, owner and operator of the leading bowling, entertainment and casual dining chain in the United States and Canada has announced the successful completion of a $49 million financing facility from Ableco Finance, LLC and Caltius Mezzanine. The new financing includes a $32 million revolving line of credit, $15 million in subordinated notes and a $2 million common stock investment. Proceeds from the financing will be used to refinance existing debt and equipment leases, repay shareholder notes and fund new location development. This transaction simplifies Lucky Strike’s capital structure and provides the Company with the flexibility to re-invest its cash flow to support the opening of new locations without the burden of principal debt repayment during this period of growth.

“We are pleased to support Lucky Strike’s growth and expansion objectives,” said Rajesh Sood, FocalPoint Managing Director. “Lucky Strike has achieved tremendous success from its original location in Hollywood to its current 11 locations with a plan to open approximately five new locations each year going forward. We were able to arrange financing that provided the capital and flexibility to support the Company’s growth objectives while providing liquidity to the owners and eliminating the personal guarantees associated with its previous capital structure.”

“In the process of raising capital to support Lucky Strike’s growth, we felt it was not only essential to have a flexible capital structure, but even more important to have lenders that were supportive partners,” said Steven Foster, Founder and CEO of Lucky Strike. “Abelco and Caltius took the time to understand the dynamics of our business and we are pleased to count both as our partners. We are confident that with this financing Lucky Strike is well positioned to build a dominant brand in the entertainment/dining category.”

About FocalPoint
FocalPoint is an independent investment bank, specializing in mergers and acquisitions (both healthy and distressed), private placements (both debt and equity), and financial restructurings. The firm’s primary focus is on middle-market companies with revenues between $10 million and $250 million in a diverse range of industries.

Please feel free to contact Rajesh Sood at (310) 405-7050 with any questions about this transaction.