Press Releases
SOURCE: DH Capital, LLC

DH CAPITAL ADVISES BAHAKEL COMMUNICATIONS ON THE SALE OF CABLE TV SYSTEMS TO JET BROADBAND

NEW YORK, NY - December 5, 2005 - DH Capital, LLC, a New York City based investment banking firm, announced today that Bahakel Communications ("Bahakel") has completed the sale of its cable television assets to Jet Broadband. Bahakel is a privately-held multimedia company based in Charlotte, North Carolina. The cable systems serve approximately 17,000 video customers and 1,000 high speed data customers in Virginia and West Virginia. DH Capital initiated the transaction and served as Bahakel's exclusive financial advisor.

"We are pleased to have assisted Bahakel in the divestiture of their cable television properties. This transaction highlights Bahakel's strategy to focus on its core businesses including television and radio broadcast" stated Mark Thorsheim, Managing Director of DH Capital. Mr. Thorsheim further noted, "The acquisition of the Bahakel cable systems will serve as a nice platform to grow for Jet Broadband, whose management team has a successful track record operating in similar markets."

Jet Broadband is headquartered in Stamford, Connecticut. The Company's founder David Baum is a former Partner and Senior Executive of Helicon Cable Communications. Helicon sold its 171,000 customers to Charter Communications in 1999. Helicon owned and operated systems in Roxboro, North Carolina, Boone, North Carolina, Anderson, South Carolina, amongst other locations throughout the east coast. MCG Capital Corporation of Arlington, Virginia provided the financing to Jet Broadband for the acquisition.

About DH Capital, LLC
DH Capital is an investment banking partnership serving the media, Internet and telecommunications industries. Based in New York, the firm's principals have extensive experience and proven abilities in capital formation, finance, research, business development and operations. DH Capital provides a full range of advisory services to companies and financial institutions including private placements, mergers & acquisitions, financial restructuring, and operational consulting. The principals of DH Capital have led hundreds of transactions including mergers & acquisitions totaling in excess of $10 billion, private equity placements totaling more than $800 million, and debt placements totaling in excess of $8 billion.

For additional information on DH Capital, please contact us at 212-774-3720.