Ron Klammer

Crystek Aquisition Corporation

Crystek Crystals Corporation, a wholly owned subsidiary of Whitehall Corporation, located in Fort Myers , Florida is a manufacturer and value-added reseller of high frequency quartz crystals and oscillators which are sold directly to original equipment manufacturers of communications and computer equipment and distributors of electronic components. Whitehall Corporation is a NYSE listed company whose primary business is in aerospace maintenance, repair and refurbishment services and, through a joint venture, also manufactures and installs jet engine noise reduction products.

Crystek Acquisition Corporation, a privately-held company located in Pittsburgh , Pennsylvania , was organized by Allegheny Financial Group, Ltd. for the specific purpose of acquiring Crystek. Allegheny is also a significant investor in Crystek Acquisition Corporation.

OEM Capital was asked to assist Whitehall in finding a purchaser for Crystek. Whitehall wished to concentrate its management attention and corporate resources on growing its core aerospace business. In addition, Whitehall Corporation believed that if it was viewed by investors as having a single strategic focus, the market price of its common shares could increase.

OEM Capital developed a marketing program which exploited our industry contacts as well as our contacts with individuals and buyout firms whose interests were known to us. Our presentation of the company’s value to both strategic and financially oriented acquirers secured multiple bidders.

Our success with Crystek illustrates that, whether a business is healthy, under performing or distressed, superior valuations can be realized for the selling shareholders by a well-executed approach to a sale or divestiture by merger and acquisition professionals who are knowledgeable about the industry and the intentions of its participants.

DYNAIR Electronics

DYNAIR Electronics, Inc., a closely held company located in San Diego , California is a manufacturer of digital and analog video switches and broad band signal routers. DYNAIR Electronics, Inc. maintained a leadership position in its industry for more than 30 years. Its products are important elements of the information network of Fortune 10 companies and major government installations.

Osicom Technologies, Inc., a NASDAQ listed company headquartered in Santa Monica , California is engaged in the fiber optic and wireless communications industries.

OEM Capital was asked to assist DYNAIR Electronics, Inc. in finding sources to finance its operations prior to initiating a sale program. The company was experiencing losses for the first time in its long history as a result of delayed vendor shipments of a key custom semiconductor for a new product line. The company’s bank had called its loan.

OEM Capital immediately introduced a supplemental financing source and devised a plan to improve cash.

Our presentation of the company’s value to potential acquirers and our knowledge of the industry secured multiple bidders. When a ‘winning’ bidder unexpectedly withdrew an offer for bridge financing, we were able to close with another party within seven business days. Selling shareholders received cash plus a claim on future revenues while retaining all real estate assets.

Our success with DYNAIR Electronics, Inc. illustrates that, whether a business is healthy or distressed, superior valuations can be realized for the selling shareholders by a well-executed approach to a sale or divestiture by merger and acquisition professionals who are knowledgeable about the industry and the intentions of its participants.