HURON CAPITAL EXITS INVESTMENT IN NORTHERN CAP & GLOVE

2004 Investment Doubles in Value

Detroit, MI – March 17, 2008 // Huron Capital announced today that it has sold its portfolio company, Northern Cap Holdings, Inc. (d/b/a "Northern Cap & Glove") to strategic buyer totes>>Isotoner Corporation, a manufacturer and marketer of branded functional apparel accessories including gloves, hats, scarves, umbrellas, slippers, flip-flops and other products marketed under the totes®, Isotoner®, Raines® and ESNY® names. Terms of the all-cash transaction were not disclosed.

Headquartered in Minneapolis, Minnesota, Northern Cap & Glove was founded in 1950 and sells its extensive product lines through all level of retail channels, including mass merchants, national chains, catalog and direct marketers, specialty retailers, branded apparel companies and department stores. The Company has licenses to market headwear, gloves and scarves under the Dockers®, GoreTex® and Karen Neuburger® brand names in addition to its private label programs.

In 2004, brothers Ivan and Ken Rafowitz partnered with Huron Capital in order to tap into the firm’s consumer products experience, executive networks and operations-orientation. Over the subsequent three-and-one-half years, Huron worked closely with management to deepen its team and built processes within the Company to expand its channels of distribution, extend its product lines and increase its brand, patent & technology portfolios. Through these initiatives, Northern Cap’s revenue increased organically over 30% during Huron’s ownership and reduced debt leverage by 50%. Michael R. Beauregard, a Partner with Huron Capital, commented that, "The combination of the Company’s management depth and execution of strategic plans implemented post-closing allowed us to double our investment and provide a great return to our investors through a sale to a strategic buyer."

Ivan Rafowitz, CEO of Northern Cap & Glove, stated, "From the outset, the team at Huron Capital demonstrated a thorough understanding of our business and our markets. We were attracted to the firm’s business development resources which made them a clear choice to pursue the 2004 recapitalization of our family-owned business. Ken and I look forward to continuing our strong relationship with Huron well into the future."