Press Releases
SOURCE: DH Capital, LLC

DH CAPITAL ADVISES TOWERCO, INC. ON $50,000,000 PRIVATE PLACEMENT

NEW YORK, NY - September 30, 2004 - DH Capital, LLC, a New York City based investment bank, announced today that it served as exclusive financial advisor to TowerCo, Inc., a newly formed company focused on the development, leasing and management of communication towers, in securing an equity commitment for $50,000,000 from Tailwind Capital Partners. TowerCo has begun operations at its headquarters in Cary, NC and at a southeast region office in Richmond, VA.

"We are pleased to have assisted TowerCo in defining its business objectives and obtaining this substantial commitment from a world class investor," said Marty Friedman, Managing Director at DH Capital. "We believe this marriage of outstanding management and intelligent capital will support the development of the next great communication tower company. We look forward to continuing to work with TowerCo as it grows."

Richard Byrne, Chief Executive Officer of TowerCo stated, "We are excited by our new partnership with Tailwind Capital Partners. We are confident that these investors share our vision for what TowerCo can achieve. As a newly formed company, we were confident in our management abilities and industry experience, but we needed an experienced hand to guide us through the fund raising process. DH Capital met the challenge, helping us articulate our business plan, providing prudent advice on the market conditions, and, in the end, facilitating our achieving an excellent result with the perfect partner."

About DH Capital, LLC
DH Capital is a private investment banking partnership serving the media, Internet and telecommunications industries. Based in New York, the firm capitalizes on more than 75 years of combined experience in financing, acquiring, selling and operating 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 led hundreds of transactions including M&A 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 212-698-7990.

About TowerCo, Inc.
Based in Cary, NC, TowerCo focuses on the development, leasing and management of communication towers. Formed by industry veterans Richard Byrne, Chief Executive Officer, and Scot Lloyd, Chief Operating Officer, TowerCo will seek to meet the infrastructure needs of wireless services providers and others by developing new tower sites, in the United States. Richard Byrne previously served as President of the Tower Division of SpectraSite Communications, Inc., the nation's third largest independent tower company; under his leadership, SpectraSite grew from 125 to 8,000 towers in 45 states and annual revenues of $250 million. Before joining SpectraSite, Byrne served as National Director of Business Development at Nextel Communications and National Project Manager at AT&T Wireless Services. Before forming TowerCo, Scot Lloyd served as Executive Vice President - Sales and Marketing at Global Signal, the nation's fifth largest independent tower company; he previously served as Vice President - Sales at SpectraSite and Director - Tower Assets at Nextel. TowerCo's headquarters are located at 105 Triangle Trade Dr., Cary, NC 27513. Telephone: 919-469-5559.

About Tailwind Capital Partners
Tailwind is a $1.3 billion private equity fund affiliated with Thomas Weisel Partners with a current portfolio of over 30 companies, primarily focused in the growth sectors of the economy, including healthcare, technology and business services, and media and communications. Tailwind's investment strategy includes a combination of traditional buyouts and growth equity investments. Tailwind's team of 17 dedicated investment professionals brings to bear an exceptional combination of private equity and operating experience and is headquartered in New York and San Francisco.