Blackstreet Capital Announces Management Buyout of ThermoView Industries.

WASHINGTON & LOUISVILLE, Ky. -- ThermoView Industries, Inc., one of the country's leading manufacturers and marketers of home improvement products and services, today said the Company and its subsidiaries had been acquired in a management buyout led by Chief Executive Officer, Larry Smith, from Blackstreet Capital Management, LLC (formerly Milestone Capital Management), a Washington, DC based private equity firm.

ThermoView is a national company that designs, manufactures and installs high-quality replacement windows and doors as part of a full-service array of home improvements for residential customers. ThermoView markets products under the Thomas, Primax, Rolox, Leingang, ThermoView and THV brands.

Blackstreet Capital Management purchased ThermoView while it was reorganizing under Chapter 11 of the U.S. Bankruptcy Code on September 26, 2005.

Ric Miller, ThermoView's Chairman, said, "We have completed the restructuring of ThermoView and in the last year have seen tremendous performance. We are confident that under management's ownership that ThermoView will continue to thrive. This transaction benefits all of ThermoView's constituents."

"We are pleased to conclude the sale of ThermoView," said Murry N. Gunty, Managing Partner of Blackstreet Capital Management, LLC, the owner of ThermoView. "As a result of the efforts of the management team, this concludes a very successful investment for our fund. We are confident that under Larry's guidance that ThermoView will continue to grow stronger."

Blackstreet Capital Management, LLC is a Washington, DC based private equity firm with $88 million of capital under management. Blackstreet focuses on control buyouts of companies that are either underperforming, in out-of-favor industries or are undergoing some form of transition. Blackstreet seeks investments in a range of industries, including manufacturing/distribution, restaurants, specialty retail business services and health care.