Press release

Signet Enterprises

Akron, Ohio, July 30, 2008 -- Anthony S. Manna- Chairman and CEO of Signet Enterprises, LLC, announced the establishment of its Capital Markets Group and the appointment of Gregory A. Haidet as President and Managing Principal of Signet Capital, LLC and Signet Finance Group, LLC.  Also joining Mr. Haidet is David D. Fumi who joins Signet Capital as Principal and Managing Director responsible primarily for managing and developing Signet’s structured finance business line.

Signet Capital, LLC (www.signet-capital.com) is positioned as a premier provider of value-added Merchant Banking and Structured Finance services to Signet Enterprises’ growing base of national and international businesses and clients.  With offices in Dublin, Ohio, Akron, Ohio and Jacksonville, Florida, Signet Capital provides creative investment banking services and investment capital to corporations involved in manufacturing, distribution, information technology, financial services, commercial real estate owners and developers and similar entities.  Signet Capital, LLC provides taxable and tax-exempt financings with a focus on 501(c)(3) non-profit organizations, corporations, airports, solid waste facilities, health care, real estate and manufacturing companies. Projects are financed through tax-exempt bonds, taxable floating rate option notes, credit tenant lease loan financings and private debt placements.

As a principal, Signet Finance Group and its affiliates acquires interests in operating businesses, commercial real estate through sale and leasebacks, commercial real estate investment securities, interests in structured finance-related securities and other cash flow generating assets. 

"Greg brings significant and diversified investment banking experience to our team of successful commercial real estate developers and business managers." said Mr. Manna.   “His significant expertise and leadership permits us to bring an expanded array of creative product offerings immediately to our corporate customers and businesses we own.  This will round out our non-traditional financial solutions capabilities to our commercial and development clients." 

Mr. Haidet joins Signet with over 30 years of diversified experience in the financial services industry having participated in transactions in excess of $4 billion with a primary focus on originating and structuring equity and mezzanine investments, credit tenant lease real estate loans, corporate real estate sale and leasebacks, taxable and tax-exempt fixed and floating rate note financings, first mortgage bonds and commercial mortgage permanent loan placements.   Mr. Haidet received his Bachelor of Science in Business Administration concentrating in Finance from The Ohio State University in Columbus, Ohio and received his Masters Degree in Business Administration from Xavier University in Cincinnati, Ohio.  Mr. Haidet’s securities qualifications include FINRA Series 7, Series 24 and Series 63.

“David Fumi brings twenty years of taxable and tax-exempt bond financing experience to our client base that will continue to grow using this important financing vehicle.”

Mr. Fumi has over 20 years of investment banking experience and was previously a Managing  Director at a regional bank’s investment banking group where he managed their taxable and tax-exempt note program.  Throughout his investment banking career Mr. Fumi executed more than $4 billion in taxable and tax-exempt note issues.   Mr. Fumi is a graduate of The Ohio State University and holds FINRA Series 53 and Series 7 Licenses.

 About Signet Enterprises

Signet Enterprises is a diversified international holding company with business interests in real estate development, manufacturing, investment banking, public relations and public affairs consulting in locations in North America, Europe and China (www.signet-enterprises.com).