Shane Slominski named a senior associate of Tonka Bay Equity Partners

Minnetonka, Minn. (January 30th, 2006)

Tonka Bay Equity Partners LLC ("Tonka Bay") announced that Shane Slominski has joined the firm as a Senior Associate. Prior to joining Tonka Bay, Slominski was a manager in the Minneapolis office of the accounting firm Deloitte & Touche LLP ("Deloitte").

Slominski will help Tonka Bay analyze potential investment opportunities, research industries, perform company valuations, and support portfolio company day-to-day operations. In addition, he will work closely with the management of portfolio companies and will assist Tonka Bay with regulatory reporting required for a Small Business Investment Company (SBIC).

While at Deloitte, Slominski worked with various sized public and private companies, primarily in the manufacturing industry. He served clients in many capacities, including providing audit services, assisting with equity and debt offerings, completing acquisition due diligence, and reviewing required regulatory reporting. Before joining Deloitte in 2002, Slominski spent two years at Arthur Andersen LLP.

"I am very excited to join the group at Tonka Bay," Slominski said. "They have proven themselves in the marketplace as a successful private equity firm serving small cap businesses and I look forward to contributing to their continued successes."

"Shane brings proven leadership abilities, client service experience, and a deep understanding of accounting and finance that will be truly valuable to our team," said Cary Musech, Managing Principal of Tonka Bay Equity Partners. "We are pleased to welcome him to Tonka Bay."

Slominski earned his B.B.A degree in accounting from the University of Notre Dame and is a licensed certified public accountant (CPA).

About Tonka Bay Equity Partners

Based in Minnetonka, MN, Tonka Bay Equity Partners is a private equity firm that acquires and invests in lower middle market businesses in the highly-engineered manufacturing, business services and value-added distribution sectors. For more information, call (952) 345-2035 or visit www.tonkabayequity.com.