November 01, 2005

Beverly Hills, CA.-November 1, 2005 – OpenGate Capital (OGC), a private buyout firm in Los Angeles County, today appointed Heather McCormick as Legal Counsel.

McCormick Legal Advisors provides general business law representation to emerging growth companies, venture capitalists, private equity firms, and other corporate clients. Ms. McCormick represents some of Los Angeles’ preeminent private equity funds, as well as the area’s upcoming technology companies. Ms. McCormick has over ten years of legal experience. Previously, as in-house counsel to Platinum Equity, a Los Angeles based private equity firm, she practiced global M&A and served as outside general counsel to the technology companies in Platinum’s portfolio. Ms. McCormick holds a J.D. from Boalt Hall School of Law and an M.B.A. from Walter A. Haas School of Business, both at the University of California at Berkley.

“Ms. McCormick’s broad experience in sophisticated mergers, acquisitions and private equity transactions, together with her proven track record both domestically and internationally made her an obvious choice to lead OpenGate Capital’s legal efforts,” stated Andrew Nikou, Managing Partner of OpenGate Capital. “We are confident that Ms. McCormick’s experience and proven ability will enable her to manage OpenGate for long term growth and many successful future acquisitions. We are extremely pleased that Ms. McCormick has agreed to join the OpenGate team to evaluate, execute, and help the company get to the next level.”

OpenGate Capital is a private buyout firm focused on principal investing in high-growth/change-intensive businesses, as well as underperforming and turnaround situations. The firm combines the operational expertise and detailed due diligence capabilities of a strategic buyer with the seasoned M&A team of a traditional financial buyer. The principals of OpenGate Capital have a long and successful history of investing with management partners across a wide range of industries and transaction types, including leverage buyouts, recapitalizations, corporate divestitures and spin-offs, build-ups and venture stage investing.