Press Releases
SOURCE: DH Capital, LLC

DH CAPITAL ADVISES GALAXY CABLEVISION ON SALE OF CABLE TV SYSTEM TO CABLESOUTH MEDIA, LLC

NEW YORK, NY - August 10, 2005 - DH Capital, LLC, a New York City based investment banking partnership, announced today that it represented Galaxy Cablevision ("Galaxy") in their recent sale of certain of its Mississippi cable systems to CableSouth Media, LLC. The cable system serves approximately 7,000 customers in Winona, Charleston, Sumner, Itta Benna and Lexington, Mississippi.

"We are pleased to have assisted Galaxy in the divestiture of these cable television systems. "This is a continuation of Galaxy's plan to focus on its core geographies" stated Townsend Devereux, Managing Director of DH Capital. Mr. Devereux further noted, "This transaction is a terrific fit for CableSouth Media, whose management team has had success in the past operating in small markets such as these."

The senior management of CableSouth Media, LLC include Alan Taylor and Ron Voss. The company is headquartered in Milan, Tennessee. CableSouth Media, LLC plans on seeking out additional acquisition opportunities in the mid-South.

About DH Capital, LLC
DH Capital is a private investment banking partnership. DH Capital's principals have extensive background in the media, Internet and telecommunications industries. The firm capitalizes on the more than forty years of combined experience in financing, acquiring, selling and operating media, Internet and telecommunications companies. DH Capital specializes in providing 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 completed more than 100 transactions with an aggregate value in excess of $10 billion, including more than $300 million in private equity capital placed and over $3 billion in debt financing arranged. For additional information on DH Capital, please contact us at 212-698-7990.