Blackstreet Capital Holdings Invests in Second Maryland Ice Arena

BCH affiliate makes another investment in Maryland indoor ice skating
rink

ABINGDON, Md.–(BUSINESS WIRE)–Ice World Maryland, LLC (“Ice World” or the “Company”), an affiliate of
Blackstreet Capital Holdings, LLC (“BCH”) and Bob Weiss, operator of the
Rockville Ice Rink, has acquired substantially all of the assets of the
Ice World Ice Arena. Ice World, located in Abington, MD, is a year-round
indoor two-sheet ice arena that is home to numerous youth hockey and
figure skating clubs. Ice World is the second ice arena purchased by an
affiliate of BCH after the purchase of Piney Orchard Ice Arena in
Odenton, Maryland, earlier this year. BCH is led by Murry Gunty, Chief
Executive Officer, and Lawrence Berger, Chief Investment Officer.

“Our partnership with BCH will enable Ice World to upgrade the facility
and continue to reliably serve the growing hockey and figure skating
communities of the Baltimore and Washington, D.C. metro areas,” said Bob
Weiss. “Just as we’ve done at Piney Orchard, we expect to make
improvements to the facility and we look forward to turning Ice World
into one of the leading ice rinks in the area. We plan to expand the ice
hockey and figure skating programs that are offered for all ages, build
deeper relationships with local high schools and build an improved
cornerstone for our community where families can safely spend time and
have fun together.” Mr. Weiss will assume management of the Ice World
ice rink.

“We’re excited to facilitate the growth of ice skating sports in this
region,” said Murry Gunty, CEO of BCH. “Bob Weiss and his family run the
three-sheet Rockville ice arena, the premier ice rink in the Washington,
DC area, and Team Maryland. Team Maryland is one of the best hockey
programs in the country. Bob and his family have brought their expertise
to Piney Orchard and we’ve already seen fantastic improvements in the
facility and programming, so we are thrilled to build our partnership
with them further. This marks our second skating rink investment in the
area and we look forward to expanding our interests in this industry.”

BCH is a diversified holding company that seeks investments in debt and
equity of companies that are either underperforming, in out-of-favor
industries or are undergoing some form of transition. BCH seeks to
invest in a range of industries including education, manufacturing,
sports and entertainment, distribution, ecommerce, and franchising.

“BCH can provide capital solutions for all types of businesses,” said
Lawrence Berger, BCH Chief Investment Officer. “We can move
exceptionally fast to understand the situation. We are very flexible
with respect to how we structure a deal and we pride ourselves on being
creative in getting difficult deals done whether they’re asset or stock
deals, corporate divestitures or debt purchases. We are focused on
helping the underlying business stabilize and grow over the long-term.”

About Blackstreet Capital Holdings, LLC

Blackstreet Capital Holdings, LLC is a Chevy Chase, MD based diversified
holding company run by Murry Gunty and Lawrence Berger. BCH currently
has equity and debt holdings in education, consumer finance, and sports
and entrainment. Gunty and Berger have deep experience buying companies
that are either underperforming, in out-of-favor industries or are
undergoing some form of transition. BCH seeks investments in a range of
industries, including education, manufacturing, sports and
entertainment, distribution, ecommerce, and franchising.

Contacts

Blackstreet Capital Holdings
Lawrence Berger, 240-223-1311
LBerger@blackstreethold.com