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Small Island Investments, Ltd. Deal Announcement

Good Times Restaurants Inc. Announces Closing of $2.1m Stock Purchase Agreement (GOLDEN, CO) Good Times Restaurants Inc. (GTIM) today announced that on December 13, 2010 it closed on a stock purchase transaction with Small Island Investments Ltd. (“SII”) for the sale of 4,200,000 shares of its common stock for an aggregate purchase price of $2.1 million following shareholder approval of the transaction. The Company also reported that it had simultaneously entered into an Amended Credit Agreement with Wells Fargo Bank on its existing term loan that modifies certain financial loan covenants and collateral commitments, but without any change to the interest rate or term of the loan. The Company had been in technical default of certain loan covenants but had never been in any payment default and is now in full compliance with the modified covenants. Boyd Hoback, President & CEO said “The proceeds of the equity transaction along with continued improvement in our operating results allowed us to reduce short term debt and liabilities and provides additional strength to our balance sheet and working capital position. We will continue to reinvest in our existing restaurants as we look toward future growth as liquidity returns to the capital markets for new company owned and franchised store development. In the near term we are focused on building cash flow from our existing asset base through continued sales growth and margin improvement.” The Company’s Board of Directors approved a one for three reverse split of the Company’s common stock that was also approved by shareholders at the Special Meeting on December 13, 2010. The reverse split will be effective as of December 31, 2010. Hoback added “The equity transaction and the reverse split allow us to maintain our listing on the Nasdaq Capital Market as we evaluate possible further long term strategic moves to improve shareholder value and liquidity.” Mastodon Ventures Inc. provided strategic advisory services to the Company in the transaction. A fairness opinion for the SII transaction was provided to the Board of Directors by Woodville Hall Capital, LLC, of Middleburg, Virginia. Good Times is a regional chain of quick service restaurants located primarily in Colorado providing a menu...

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Small Island Investments, Ltd.

Small Island Investments, Ltd.

Good Times Restaurants Inc. Announces Closing of $2.1m Stock Purchase Agreement (GOLDEN, CO) Good Times Restaurants Inc. (GTIM) today announced that on December 13, 2010 it closed on a stock purchase transaction with Small Island Investments Ltd. (“SII”) for the sale of 4,200,000 shares of its common stock for an aggregate purchase price of $2.1 million following shareholder approval of the transaction. The Company also reported that it had simultaneously entered into an Amended Credit Agreement with Wells Fargo Bank on its existing term loan that modifies certain financial loan covenants and collateral commitments, but without any change to the interest rate or term of the loan. The Company had been in technical default of certain loan covenants but had never been in any payment default and is now in full compliance with the modified covenants. Boyd Hoback, President & CEO said “The proceeds of the equity transaction along with continued improvement in our operating results allowed us to reduce short term debt and liabilities and provides additional strength to our balance sheet and working capital position. We will continue to reinvest in our existing restaurants as we look toward future growth as liquidity returns to the capital markets for new company owned and franchised store development. In the near term we are focused on building cash flow from our existing asset base through continued sales growth and margin improvement.” The Company’s Board of Directors approved a one for three reverse split of the Company’s common stock that was also approved by shareholders at the Special Meeting on December 13, 2010. The reverse split will be effective as of December 31, 2010. Hoback added “The equity transaction and the reverse split allow us to maintain our listing on the Nasdaq Capital Market as we evaluate possible further long term strategic moves to improve shareholder value and liquidity.” Mastodon Ventures Inc. provided strategic advisory services to the Company in the transaction. A fairness opinion for the SII transaction was provided to the Board of Directors by Woodville Hall Capital, LLC, of Middleburg, Virginia. Good Times is a regional chain of quick service restaurants located primarily in Colorado providing a menu...

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BellMark Partners seeking strong candidates for its analyst position

About BellMark Partners: BellMark Partners, LLC is a boutique investment banking firm focused on providing advisory services to middle market and lower middle market companies in the consumer, industrial, healthcare, and business services industries. BellMark Partners, LLC provides advice to family businesses, entrepreneurial or closely-held companies, private equity owned companies, and small-cap public companies. The Company provides advisory services with respect to: mergers and acquisitions, strategic alternatives reviews, restructurings, and valuation & fairness opinions. BellMark Partners’ founders have advised on more than 100 M&A and capital raising transactions. Description: Analysts work in deal teams originating and executing a wide variety of advisory and capital raising engagements. Analysts act as the primary day-to-day contacts for analytical support, including financial statement analysis and model development; valuation analysis; industry research; and the preparation of various presentations and documents including offering memoranda, management presentations, fairness opinions, strategic alternatives presentations, and pitches. Analysts interact daily with other senior bankers and clients, prospects, prospective financing sources, attorneys, and accountants. Additionally, analysts at BellMark are typically given more responsibility, client exposure & recognition, and senior banker attention than junior bankers at larger investment banks due to its entrepreneurial, boutique investment banking culture. Location: Cleveland, Ohio Requirements: Undergraduate degree with a minimum GPA of 3.5 Minimum of one year of accounting and/or financial statement analysis Minimum of one year of commercial banking, investment banking, or private equity experience preferred Excellent interpersonal, presentation, quantitative, and writing skills Demonstrated team player through sports, extracurricular, and/or community activities Compensation: Competitive Salary plus potential for significant incentive-based compensation Download as...

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JGB Distributing, Inc.

JGB Distributing, Inc.

November 2010 – JGB Distributing, Inc. (“JGB” or the “Company”) the industry leading distributor of the Invisible Fence pet security product has announced that it has been acquired by Radio Systems Corporation of Knoxville, Tennessee. JGB is based in Chesterland, OH. BellMark Partners, LLC acted as the Company’s financial advisor in connection with the transaction. Radio Systems Corporation, d/b/a PetSafe, engages in the design an d manufacture of pet training, containment, safety, and lifestyle product solutions in the United States. Its products include agility products, kennels and electronic underground fences, bark control systems, remote training products, pet doors, pet identification collars, pet proofing and locating systems, waste removal and wellness products, and pet feeders. Radio Systems, based in Knoxville, Tennessee, is a portfolio company of TSG Consumer Partners of San Francisco, CA. BellMark Partners, LLC is a boutique investment banking firm focused on providing advisory services to middle market and lower middle market companies in the consumer products, industrial, healthcare, and business services industries. BellMark Partners, LLC provides advice to family businesses, entrepreneurial or closely-held companies, private equity-owned companies, and small-cap public companies. Services include: mergers and acquisitions, strategic alternatives review s, restructurings, and valuation & fairness opinions. Download as...

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BellMark Partners LLC 3rd Quarter M&A Update

M&A Market Update The U.S. M&A market continues to show signs of improvement for the nine month period ending 2010 versus the same period in 2009: Total deal volume increased approximately 36% from 6,279 deals in 2009 to 8,550 deals in 2010 Total dollar value of M&A deals increased approximately 39% from $348 billion in 2009 to $483 billion in 2010 Total leveraged buyout deal volume increased approximately 69% from 679 deals in 2009 to 1,147 deals in 2010 Total leveraged buyout deal value increased approximately 172% from $44 billion in 2009 to $120 billion in 2010 While significantly below the peak M&A activity levels seen in 2007 and the first half of 2008, the uptick has been largely attributable to slow, but improving economic conditions, recovering credit markets, and increasing capital availability from corporations and private equity firms. These factors should continue to drive market improvement. U.S. Economic Recovery The U.S. economic recovery from the “Great Recession” can be characterized as slow and volatile. Strong corporate earnings coupled with extraordinary governmental stimulus measures have been offset by high unemployment rates, lackluster consumer spending patterns, and declining housing markets. While fears of a second recession have largely subsided, the economic outlook remains uncertain: 1.) GDP growth remains below historical norms at approximately 2%; 2.) inventory restocking which drove recent corporate earnings is not expected to continue beyond 2010 according to a November 2010 publication by the National Bureau of Business Economists; 3.) commodity prices are expected to increase compressing future profit margins according to an October 2010 release by the USDA. As such, the Federal Reserve has announced another round of economic stimulus measures, including a $600 billion quantitative easing program, designed to lower long-term interest rates and increase spending. Unprecedented Cash Availability Corporations and private equity firms have record amounts of capital available for acquisitions. According to a Wall Street Journal article on October 4, 2010, the 500 largest U.S. corporations (excluding financial firms) currently hold approximately $1 trillion in cash and short-term investments, equal to approximately 10% of total assets representing the largest such percentage of cash over the past 40 years. Additionally, private equity firms have...

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