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Waveland NCP Alabama Ventures makes investment In Bridgeville Trailers (April 2005)

BIRMINGHAM, ALABAMA: Waveland NCP Alabama Ventures, LLC ("WNCP") is pleased to announce its recent investment of $2.25 million in Bridgeville Trailers, Inc., ("Bridgeville") a manufacturer of standard and customized truck trailers for the transportation of dry freight, refrigerated foods, and other cargo. Formed in February, 2004 Bridgeville Trailers is positioned to become one of the nation's leading manufacturers of transportation equipment in the $605 billion trucking industry. It is estimated (American Trucking Association) that 69% of all freight in the United States is carried at some point during its shipment, accounting for 87% of all freight industry revenues.

Headquartered in Elba, Alabama Bridgeville currently employs approximately 100 workers and will be hiring another 50 people over the next several months as it increases production capacities at its 392,000 square foot facility.

WNCP's investment represents both debt and equity and will be used by Bridgeville to capitalize on the increasing demand for its product offerings. It is expected that this demand will equate to approximately $30 million in annual revenue during fiscal 2005.

Waveland NCP Alabama Ventures, LLC is a subsidiary of Waveland Ventures, LLC. Since its formation in January, 2004 WNCP has made 6 investments in 4 Alabama domiciled companies totaling $4,620,000. These companies employ approximately 175 individuals. In addition, by virtue of the investment on behalf of WVNCP an additional $6 million has been invested in the same companies on a co-investment or follow on basis.

"We are excited and proud to have the opportunity to invest in one of the states fastest growing companies. Pete Cash is an extremely talented entrepreneur and we have no doubt that Bridgeville Trailers will be a source of pride for not only Elba, but the entire State of Alabama" remarked James Outland, one of the WNCP's Managing Directors.

For more information on Bridgeville or Waveland NCP please contact James Outland at (205) 939-8404.

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