Houston, Texas | March 31, 2005

Freestone Partners announced the final closing of Freestone Partners II, LP, the firm’s second private equity investment partnership. Freestone II has an investment strategy similar to that of Freestone Partners I, LP, though the geographic focus of Freestone II will broaden to include the Southeast. Freestone’s newly-opened office in Atlanta, managed by Roy Jones, Managing Director of Freestone, will oversee Freestone’s activities in the Southeast. Freestone Partners II is actively working with several senior executives to identify and acquire companies in their industries of expertise. Targeted industries currently include food, niche manufacturing, industrial and commercial services and medical equipment and supplies.