Kian Capital Transaction Announcement — Charles Products, Inc.

Kian Capital, a private investment firm with over $425 million of capital under management, announced that it has completed a majority recapitalization of Charles Products, Inc. (“CPI” or the “Company”) in partnership with management. Terms of the transaction were not disclosed.

Charles Products, Inc. is a leading provider of specialty designed custom merchandise to prominent tourist attractions including zoos, museums, aquariums, theme parks, notable locations and other gift shops. The Company offers a broad range of custom, high quality products with unique themed programs.

CPI was originally founded in 1952 and has a longstanding history of being a one-stop solutions provider to its diverse base of customers. The Company has an experienced and talented in-house creative team that has a proven track record of designing industry-leading artwork. CPI is also recognized by its clients for its consultative approach to product development, knowledgeable salesforce and strong level of customer service.

Glen Heitmann, who has been with the Company for over 25 years, was promoted to Chief Executive Officer in connection with the transaction. Mr. Glen said “We were very selective in our choice of a financial partner to help execute on the next phase of the Company’s growth. After spending significant time with the Kian Capital team, we determined that their collaborative approach and experience as a value-added provider of first-time institutional capital was a perfect fit for us. I look forward to working with them to build on CPI’s long record of success.”

Rick Cravey, Partner at Kian Capital, added “Charles Products, Inc. is a differentiated leader in a consistently growing market. We are highly impressed by Glen and the rest of the CPI management team and are excited to back Glen as the Chief Executive Officer. We believe that CPI is well-positioned for continued growth and look forward to partnering with Glen and his team to help the Company reach its full potential.”

BB&T Capital Markets acted as financial advisor to Charles Products, Inc. Robinson, Bradshaw & Hinson, P.A. acted as legal advisor and Dixon Hughes Goodman LLP acted as accounting advisor to Kian Capital.