Probitas Funds Group Inc

Ashley Capital has created a portfolio of nearly 20 million SF throughout the last two decades. By pursuing value-added opportunities, whether by acquisition and redevelopment or ground-up construction, Ashley delivers industrial and office space to some of the largest companies in the United States. Headquartered in New York with offices in Chicago, Detroit and Atlanta, Ashley focuses its investment activities in the eastern half of the country. As a long-term investor, Ashley manages its properties with a strict adherence to fiscal discipline and control. Ashley anticipates the unique real estate needs of its tenants with thoughtfully designed and efficient space. Some of the company s major tenants include Ford Motor Company, Roush, General Motors Corporation, TNT Logistics, Cargill, UPS Worldwide Logistics, McDonald Hopkins and Ace Paper Products Company. Ashley Capital is a privately owned company that employs nearly 10 people.

Steel Partners Holdings operates in niche banking markets through its subsidiary, WebBank. WebBank is a state chartered industrial loan corporation that provides commercial and consumer specialty finance services. WebBank focuses primarily on the United States Department of Agriculture business and industry lending and fee for service lending. WebBank also offers a limited range of deposit products. All of its deposit products, with the exception of certificates of deposit, are with business customers. During the year ended Dec. 31, 2004, WebBank suspended its accounts receivable factoring activities. Accounts receivable factoring had constituted WebBank's principal line of business.