Dog White Capital Urges Ballantyne Strong to Retain Investment Bank to Advise on Sale

Mon Dec 10, 2012 8:00pm EST

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  WILLIAMSBURG, VA, Dec 10 (Marketwire) -- 
Dog White Capital LLC today announced that it has delivered a letter to
Mr. William F. Welsh, II, the Chairman of the Board of Directors of
Ballantyne Strong, Inc., urging the Board of Directors to retain a
nationally-recognized investment banking firm to advise on the sale of
the company.

    The body of the letter follows:

    Dear Mr. Welsh:

    In response to the ongoing underperformance of the share price of
Ballantyne Strong, Inc. (the "Company"), I am writing to urge the Board
of Directors to retain a nationally-recognized investment banking firm
specializing in small- and mid-cap companies to advise on the sale of the
Company. 

    The current share price simply does not reflect the Company's significant
cash holdings, its absence of debt and its market leading positions in
those business segments in which it competes. I believe that an auction
of the Company would elicit significant interest from industry
participants and media-focused private equity firms alike, resulting in a
sale at a substantial premium to the current share price. 

    I have extensive experience in public company mergers and acquisitions
transactions and would welcome an opportunity to meet with you to discuss
the sale process that I envision for the Company. I will contact you
shortly with the hope of arranging such a meeting.

    Sincerely yours,

    /s/ Steven G. Thompson

    Steven G. Thompson,
 President 

    

CONTACT: 
Steven G. Thompson 
(757) 253-5711 
sthompson@dogwhitecapital.com

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