IS under new management

April 1, 2008

News Release

ST. THOMAS, USVI - M&C Holdings Inc, LLC announced today that its acquisition of IS is complete. IS, located in St. Thomas is the leader in generator sales and service in the US Virgin Islands. Effective April 1, IS will operate as a wholly-owned subsidiary of M&C Holdings.

M&C Holdings' successful acquisition closed Tuesday following six months of negotiations, planning and newly acquired grey hairs.

"We are thrilled to be finally doing business in sunny St. Thomas," said M&C's co-president, Mark van den Driessche. "It's a great little community that has a growing demand for back-up power. And of course, the sailing doesn't seem too bad either."

Founded in the early 1970's, IS has been meeting the needs of US Virgin islanders in a territory that faces an inconsistent and unreliable power supply. With frequent power outages, businesses and residents have been turning to back-up generators for reliable power alternatives to ensure they can do business and conduct daily life activities.

"It's a pretty exciting time and it will get even busier as we learn the business during this lead-up to hurrican season," said M&C Holdings co-president, Charlotte Wardell sporting new flip-flops for the occasion.

IS sells, installs and services generators throughout the US Virgin Islands. With a team of 12 employees, IS currently services over 500 generators located on business, government and residential sites.

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Media Contact:

Julian van den Driessche

340-779-6513