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 2, 2005 - DH Capital, LLC, a New York City based investment bank, announced today that it served as exclusive financial advisor to TowerCo, Inc. in securing a $35,000,000 senior credit facility from CapitalSource Finance LLC.

Founded in September 2004 and headquartered in Cary, NC, TowerCo develops, leases and manages multi-tenant communication towers. The company currently owns 115 towers and has executed agreements with leading wireless service providers under which the total number of owned towers will increase to more than 500 over the next 24 months.

"DH Capital has worked with TowerCo since its founders first began considering launching a new tower venture," said Marty Friedman, Managing Director at DH Capital. "Having helped the company secure its initial equity support last year, we were gratified to again assist TowerCo and its management team in accessing senior debt to finance its growing tower portfolio. With its focus on providing expansion capital and its experience in telecommunication, we believe CapitalSource will be an excellent partner for the company."

Richard Byrne, Chief Executive Officer of TowerCo stated, "We are pleased with the growth TowerCo has achieved over its first ten months of operation. We have developed a portfolio of great assets and have agreements in place to become a significant player in the tower industry. With support from our equity investors and our new senior credit facility, we have the resources we need to expand our tower portfolio and provide excellent service to our customers. We look forward to a long term relationship with CapitalSource and appreciate DH Capital's efforts in bringing us together."

About DH Capital, LLC
DH Capital is a private investment banking partnership serving the media, Internet and telecommunications industries. 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 in 2004 by industry veterans Richard Byrne, Chief Executive Officer, and Scot Lloyd, Chief Operating Officer, with equity backing from Tailwind Capital Partners, TowerCo seeks to meet the infrastructure needs of wireless services providers and others by developing new tower sites throughout the United States and providing collocation opportunities on its existing towers. TowerCo's headquarters are located at 100 Towerview Court, Cary, N.C. 27513. Telephone: 919-469-5559. To learn more about TowerCo, visit www.towerco.com.