Hunter Wise Financial Group, LLC, Assists in Recapitalization of Texas Asphalt Company and Subsequent Merger of Asphalt Equipment Entity

IRVINE, Calif. and HOUSTON, Nov. 10, 2010 /PRNewswire/ -- Hunter Wise Financial Group, LLC, (www.hunterwise.com), Houston, Texas, is pleased to announce that it acted as financial advisors to Asphalt Transport, Inc. (ATI), Channelview, Texas, in a recapitalization and Cokendolpher & Culpepper, Ltd., also Channelview, Texas, allowing Cokendolpher & Culpepper to subsequently merge into ATI.

Both companies are private and ATI is a longstanding expert in real time delivery of asphalt, heated asphalt and other petrochemical products.  "We are especially pleased to facilitate this transaction in a very difficult financial climate," said Sid Shaver, Managing Director, Hunter Wise, Houston.

Hunter Wise was able to assist ATI in recapitalizing its business, which was established in 1997, with a strong financial investment group that allows it to finance growth opportunities and enhance a solid existing management team with added new talent. Hunter Wise also facilitated a partial liquidity event for shareholders and created a staged longer term stock redemption plan for a key executive shareholder and assisted in the merger with Cokendolpher & Culpepper, which has been providing asphalt transportation equipment since 2001.

"Hunter Wise has an excellent reputation for assisting mid-sized companies, both public and private, with mergers, acquisitions and other corporate financing activities.  We are pleased to help these two fine Texas entities and look forward to inquiries from other companies looking for similar assistance," Mr. Shaver said.

About Hunter Wise Financial Group, LLC

Hunter Wise Financial Group, LLC, , headquartered in Irvine, California, is a specialized investment bank providing the highest quality level of corporate financing, merger, acquisition, divestiture and advisory services. The Company's clients include small to medium-sized public companies, as well as selected middle market privately-held businesses. Hunter Wise has 14 offices in the U.S. and offices in China, Canada and the United Kingdom.

SOURCE Hunter Wise Financial Group, LLC