Cardinal Growth Latest News

Unico and HealthSport Announce Partnership - On March 11, 2008, HealthSport, Inc. (OTC BB:HSPO.OB), a fully integrated developer, manufacturer and marketer of nutritional supplements and drug actives in a patented edible film strip delivery system, announced today that Unico Holdings Inc., a Florida based company, has agreed to a 5-year deal to market and sell its Enlyten® PediaStrips™ (http://pediastrips.com), as well as market the PediaStrips™ as a Private Label product for companies in drug, grocery, mass market, dollar store and drug wholesaler outlets across the United States, Canada and Puerto Rico. PediaStrips™ are designed to deliver electrolytes to children who are at risk for dehydration due to contracted gastrointestinal illnesses. These pleasant tasting strips are rapidly dissolved and absorbed through the cheek and gums accelerating replenishment of sodium and potassium. Children can then drink their beverage of choice to complete the rehydration process. Dehydration and electrolyte depletion pose a serious health threat to children, and the advantages of film strip delivery promise to improve compliance and promote healthy outcomes.

TWG Capital - Cardinal recently raised $115 million of debt and equity for TWG Capital, Inc. The proceeds were used to refinance existing debt, provide capital to fund new insurance commission receivable (“ICR”) asset purchases, and to invest an infrastructure and growth opportunities. TWG has a record backlog of pending ICR asset purchases, including several large transactions.

Sale of portfolio companies - On July 31, 2007, Cardinal successfully closed on the sale of two portfolio companies, Diamond Market Solutions (“DMS”) and National Data Services (“NDS”). DMS was started in mid-2001 when Cardinal recognized an opportunity to build a strong regional company in the direct marketing services industry to fill a void in the marketplace. We are pleased with the outcome of this transaction and that we were able to be value-added partners with management team. We are confident that they will continue to succeed and build on the strong foundation at each of these companies.

Unico Holdings - With deep regret and sadness, we are to report the sudden passing of Mr. Chris Bohlman on June 17, 2007. Mr. Bohlman was CEO and founder of Unico. Our sympathy goes out to Chris and his family. He leaves behind a great legacy and company that has tremendous potential. As you might recall, we have been in the process of integrating the acquisition of our largest competitor. In order to see the successful completion of this process, we have decided to appoint Ed Finnegan, Cardinal Principal, as interim CEO.