JULY 2006 - River Capital through its holding company, New Image Group, Inc., has acquired the assets of Signature Designs International, Inc.

River Capital, an Atlanta based private investment firm, has announced its purchase of Signature Designs International, Inc. which will operate as a wholly-owned subsidiary of New Image Group, Inc. The purchase price was not disclosed. Signature Designs is an importer of artificial floral arrangements for the home décor market. The company’s products can be found in better retail stores throughout the United States. New Image Group, Inc., headquartered in Union, South Carolina, was formed to facilitate the investment in and development of complementary craft and home decor companies.

Jerry Wethington, Chairman of the Board of New Image Group and Managing Director of River Capital, "Signature Designs is an exciting addition to our current line of craft and décor brands. The Company has a strong retail exposure and as a result of its Hong Kong subsidiary, it presents some terrific sourcing opportunities for our three existing operating subsidiaries."

'River Capital is one of the oldest firms of its type in the Southeast and has acquired companies in a broad range of industries with combined annual revenues in excess of $600 million. River Capital primarily invests in light manufacturing, distribution and select service companies with purchase prices of $10 million to $50 million. For add-on acquisition candidates, the firm will consider companies with a purchase price less than $10 million.