Brookstone’s strategy is to invest in companies that offer significant opportunities for value creation through internal growth, strategic acquisitions and improvements in operating performance. We believe significant opportunities exist with both public and private companies.

We have the flexibility to be able to consider opportunities which other investors may not, including: i) companies with moderately high customer concentration; ii) companies that are marginally profitable albeit with other strong characteristics; and iii) companies with low asset bases but solid cash flow.

The following is a general outline of our investment criteria. In today’s investment climate, however, our areas of emphasis will vary as we are an entrepreneurial group and opportunistic in our approach.

Geographic Focus:	North America
Target Enterprise Value:	$10 million to $75 million
Target Equity Investment Size:	$3 million to $15 million
Investment Position:	Control or position of meaningful influence
Areas of Special Interest:
Industrial:	Light manufacturing, value-added distribution and logistics, scientific and analytical instruments, metals-based manufacturing, plastic-based products and selected business services
Geography:	Northeast, Mid-Atlantic, Midwest and Southwest