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GLENCOE CAPITAL'S MOOSEJAW SECURES $8 MILLION IN CREDIT FROM CORE

Birmingham, Michigan (June 15, 2010) - Moosejaw Mountaineering, a Glencoe Capital Michigan Opportunities Fund portfolio company, secured an $8 million revolving line of credit from Core Business Credit.

Moosejaw, a leading multi-channel retailer of premium outdoor active apparel and equipment based in Madison Heights, Mich., plans to use the credit line to facilitate its strategy for expanded merchandising.

"We are very pleased to have established a new revolving line of credit with Core," said Moosejaw's CEO Harvey Kanter. "The new facility provides us with additional capital to continue our rapid growth as a leading multi-channel retailer and increase our market share."

Moosejaw offers products from leading outdoor manufacturers, including The North Face, Arcteryx, Patagonia, and Mountain Hardwear, as well as under its own Moosejaw brand. The company's diverse customer base includes outdoor enthusiasts, active individuals pursuing an outdoor lifestyle, and customers who are passionate about the company's products and its edgy, youthful brand. Founded in Michigan, the company has seven retail stores in the state and in Illinois, a thriving business online, and mails catalogs directly to customers' homes.

Glencoe Capital’s Michigan Opportunities Fund represents a groundbreaking partnership between the public and private sectors, leveraging equity capital to make lead-sponsored acquisitions and growth equity investments in companies in the State of Michigan or in businesses that want to expand operations into the State. The Fund invests in growing companies that can generate attractive returns to investors while promoting business growth and fostering job creation that together help improve the economic vitality of the State of Michigan. The Fund completed three portfolio investments in 2009 and closed one new investment in January 2010.

About Glencoe Capital
Founded in 1993, Glencoe Capital is a private equity firm focused on lead-sponsored acquisitions and growth equity investments in lower middle-market companies. Glencoe Capital and its affiliates manage a number of private equity funds, including the Michigan Opportunities Fund and Glencoe Capital Partners III, L.P. The firm has over $1 billion under management. More information is at www.glencap.com.

For more information, contact:
Andrew Baker, Clovis, Inc.
(312) 346-1700