Johnson Capital Welcomes Melinda Bush to Advisory Board

. October 14, 2008

JULY 16, 2007. Hospitality industry veteran Dr. Donald W. Wise is pleased to announce that Melinda Bush, CHA, President and Chief Executive Officer of HRW Holdings, LLC, has joined their Global Hospitality Industry Advisory Board. She is the second Advisory Board member with a Certified Hotel Administrator credential to join the firm's Advisory Board, joining Stephen R Hennis, CHA, Managing Director of Arvada, Colorado-based Hospitium.

"We are extremely pleased to have Melinda on our Advisory Board. She is one of the foremost experts on travel trends and marketing solutions for the luxury hotel and travel market in the United States and abroad. As an industry icon, she has Honorary Doctorates from both Johnson & Wales University and the Cornell Hotel School. On a real time basis, she remains exceedingly active, named the "Woman of the Year in Travel" by the Travel Industry Association of America; as a member of President George W. Bush's Presidential Commission on International Trade; and a member of the Board of Directors of Felcor Lodging Trust."

Melinda will assist the Johnson Capital Global Hospitality Industry investment banking practice in providing high touch investment advisory, investment banking, transactional (brokerage) services, and financing placement of both debt and equity in the $20,000,000 to $300,000,000 range.

These services will be primarily focused on the upscale, luxury and boutique market tiers of domestic and International hotels, resorts, gaming, condominium-hotels, and timeshare, fractional and mixed-use projects that have a lodging component to include:

---| Debt placement - First mortgage, construction, subordinated/mezzanine debt, preferred equity financing for acquisition and refinance of single-asset and portfolio transactions;

---| Equity placement - New construction, renovation, recapitalization;

Corporate real estate services - Disposition of distressed asset and loan portfolios and/or loan sales to non-performing loans;

---| Bridge loans - Purchasing and participating in highly leverage bridge loans of existing assets, and raw entitled land on a case-by-case basis;

---| Advisory services - Preparation of sophisticated financial and/or market analysis of property, including valuations, hold versus sell analysis, feasibility studies, investment underwriting, transactional due diligence, and partnership restructuring and dissolutions;

---| Investment services - Asset management, development and acquisition services to hotel real estate investors requiring third-party expertise; and

Brokerage intermediary services - existing assets, sites, and portfolios.

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