DH Capital Advises Complex Drive on Its Sale to AIS

NEW YORK, NY and BOULDER, CO--(Marketwire - December 3, 2008) - DH Capital, LLC, an investment banking firm serving the media, Internet and telecommunications industries, served as exclusive financial advisor to Complex Drive in the previously announced acquisition of Complex Drive by American Internet Services (AIS), a portfolio company of private equity firms Seaport Capital, Viridian Investments, and DuPont Capital Management.

Complex Drive is a rapidly growing West Coast colocation provider with a datacenter campus totaling 20,000 square feet located in a San Diego technology hub.

"DH Capital did an excellent job representing Complex Drive in the deal process," Complex Drive Chief Executive Officer Joe McMillen stated. "We looked to them for representation, guidance, knowledge and analysis. They provided a deep understanding of the inner workings of the colocation industry, which made the entire acquisition process run smoothly."

"The Seaport and AIS teams have been outstanding in their commitment, dedication and enthusiasm throughout the acquisition process," said McMillen. "Together our two groups will work together to bring even greater benefits to the Southern California region. We are very happy that Complex Drive could become an integral part of Seaport's already robust portfolio."

"It's a testament to the value presented by Complex Drive's management team and business model that we were able to raise additional debt and equity in a very difficult market," said Seaport Capital partner Scott McCormack.

"Even in this economy where money is tight and deals are hard to close, we are finding a significant demand for companies who deliver exceptional value in the datacenter/colocation space," said Paul Stapleton, Managing Director of DH Capital. "We are very pleased to have helped Complex Drive on its sale to AIS and it is indicative of the industry's resilience."

Terms of the acquisition were not disclosed.

About Complex Drive

Complex Drive, owned by California Regional Internet, is a regional colocation provider focused on business services. The company owns and operates its datacenters in San Diego, and has invested in state-of-the-art equipment and technology to ensure unsurpassed reliability, redundancy, bandwidth and power for its clients. Complex Drive's datacenters are each self-sufficient and are carrier-neutral facilities with N+1 (or greater) redundancy in bandwidth, power, HVAC, fire suppression and security. Additional information is available at www.complexdrive.com.

About American Internet Services

American Internet Services (AIS), San Diego's largest colocation company has provided business-to-business services since 1994. The company currently owns and operates multiple datacenters in San Diego, and has invested in state-of-the-art equipment and technology to ensure unsurpassed reliability, bandwidth, security and redundancy for its worldwide clients. AIS' datacenters are carrier-neutral facilities designed as technology fortresses with N+1 (or greater) redundancy in bandwidth, power, HVAC, fire suppression and security. The datacenters offer a mix of cabinet, cage and data suites, as well as roof rights for microwave links and other antennae systems. For more information, visit www.americanis.net.

About Seaport Capital

Seaport Capital is a private equity firm focused on the media, communications, information and business services sectors. Seaport works with talented management teams to create valuable companies that are leaders in their market segments. Seaport is a long-term investor focused on generating high investment multiples for its investment partners and portfolio company management teams. Seaport's substantial industry expertise and extensive investing experience enables it to develop winning strategies; its relationships and resources help achieve them. Additional information is available at www.seaportcapital.com.

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 $1 billion, and debt placements totaling in excess of $10 billion. For additional information on DH Capital, please call 212-774-3720 or visit www.dhcapital.com.

Contact Information: DH Capital 212-774-3720 www.dhcapital.com