DH Capital Advises Newnan Utilities on the Sale of Its Cable and Telecommunications System to Halyard Capital

NEW YORK, NY and BOULDER, CO, Apr 22 (MARKET WIRE) --
DH Capital, LLC, an investment banking firm serving the media, Internet and
telecommunications industries, announced today that Newnan Utilities has
completed
the sale of its cable and telecommunications system to an affiliate of Halyard
Capital. The municipally owned system being sold serves approximately 18,000
videosubscribers in the communities in and around Newnan, Georgia.

"The team at Newnan Utilities has done a terrific job creating a robust,
customer
focused cable and telecommunications platform," stated Townsend Devereux,
Partner
at DH Capital, LLC. "Halyard Capital and their operating team, led by John
Brooks,
have a long history in the cable and telecommunications sectors and we expect
they will meet with great success as well."

"It has been a pleasure working with Townsend Devereux and Marty Friedman
and the
rest of the DH Capital team during this process," commented Dennis McEntire,
General Manager of Newnan Utilities. "Their assistance from start to finish
has been invaluable."

Newnan Utilities received legal counsel from Paul, Hastings, Janofsky &
Walker LLP.

DH Capital served as exclusive financial advisor to Newnan Utilities.

About DH Capital, LLC

DH Capital is an investment banking partnership serving the media,
Internetand telecommunications industries. Headquartered in New York with
offices in
Boulder, Colorado, the firm's principals have extensive experience and proven
abilities in capital formation, finance, research, business development and
operations. DH Capital provides a full range of advisory services to companies
and financial institutions including private placements, mergers & acquisitions,
financial restructuring, and operational consulting. The principals of DH
Capital have led hundreds of transactions including mergers and acquisitions
totaling in excess of $10 billion, private equity placements totaling more
than $1 billion, and debt placements totaling in excess of $10 billion.

For additional information on DH Capital, please contact us at
212-774-3720or visit our website at www.dhcapital.com.

Contact:
DH Capital
212-774-3720
www.dhcapital.com

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