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Star Struck, Inc. Sells to Waveland Investments, LLC

SOUTHPORT, Connecticut, June 16, 2006 -- Carter Morse & Mathias today announced that Waveland Investments, LLC has acquired the assets of Star Struck, Inc. (“Star Struck”) headquartered in Bethel, Connecticut.  Star Struck is a leading distributor of watch batteries and related supplies to the jewelry trade.  Carter Morse & Mathias was Star Struck’s exclusive financial advisor in arranging, structuring and negotiating this transaction.

Star Struckwas a wholly owned subsidiary of Star Struck, Ltd, which remains in the sports apparel business. Star Struck was founded in 1980 by Ken Karlan who built a stable, highly specialized and profitable business within both the jewelry and watch battery industries.

Waveland Investments (wavelandinvestments.com) is a Chicago-based private investment firm focused on lower middle market manufacturing, distribution and service companies.

Dennis Zaslavsky, a principal of Waveland Investments, commented: “Star Struck represents an interesting opportunity to leverage its 26 year history, an impeccable reputation and commanding presence in the watch battery and jewelry distribution business. We look forward to expanding product lines to a broader range of customers both in the jewelry trade as well as outside this industry.”

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Carter Morse & Mathias is a regional investment-banking firm, founded in 1987 and headquartered in Southport, Connecticut.  It specializes in merger and acquisition advisory activities, private placements of institutional capital, strategic consulting and financial advisory services and business valuations for entrepreneurial companies. Its affiliate, Carter Capital Corporation, is a broker-dealer registered with the NASD and the SEC.

For additional information, please visit www.cartermorse.com or contact Frank Morse directly at 203-254-3333 , x223 or via email to frank@cartermorse.com