RG Towers Closes Equity Financing by Peppertree Capital

JUPITER, FLORIDA and CLEVELAND, OHIO, January 9, 2012 — RG Towers, LLC is pleased to announce the closing of a $10.0 million growth equity commitment from Peppertree Capital.

RG Towers, develops, owns and operates wireless communications towers throughout the United States with a focus on the Southeastern Region. Scott Richards, the Company’s CEO, stated, "RG is extremely pleased to align ourselves with Peppertree. Peppertree has a proven track record in the tower space. Our partnership with Peppertree is an excellent fit that will allow us to continue meeting the goals and objectives of our clients while giving us the ability to expand into the Northeastern Markets.”

Ryan Lepene, Managing Director of Peppertree Capital, stated, "RG Towers represents our thirteenth investment in the tower industry. Scott and Harlan have proven their ability to meet the needs of wireless carriers. We are very excited to work with them to continue to address those needs and further expand their footprint."

About RG Towers

RG Towers is a developer of wireless communications towers throughout the United States. The Company’s management team has worked in the tower industry for the last 20 years and is committed to identifying and developing tower site locations that meet the objectives of its clients.

Scott Richards, CEO is co-founder of RG Partners, Inc. RG Partners is a Florida based firm that was formed in 1992 as a full-service telecommunications real estate firm specializing in site acquisition throughout the United States, with a focus on the Southeastern Region. Along with site acquisition, the firm's core competencies include: rooftop management, tower management, site consulting, and site development.

Mr. Richards was a Managing Members and Co-Founders of RGP Tower Group, LLC, a tower development firm that was purchased by a publicly traded tower company in 2010.

About Peppertree Capital

Peppertree Capital is a private equity fund focused on growth equity, recapitalization and buyout opportunities in the telecommunications infrastructure industry. Companies the firm has backed include Branch Towers, LLC; Wireless Edge Towers, LLC; 4G Towers, LLC; Pegasus Tower Development Company, LLC; Horvath Towers, LLC; K2 Towers, LLC; Clearview Tower Company, LLC; AW Towers, LLC; and Light Tower Holdings, LLC. Peppertree Capital is based in Cleveland, OH and has an office in Dallas, TX. For more information, visit: www.peppertreecapital.com.