Blackstreet Capital Holdings Invests in Maryland Ice Arena

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BCH affiliate makes investment in Maryland indoor ice skating rink

CHEVY CHASE, Md.–(BUSINESS WIRE)–Piney Ice, LLC (“Piney Orchard” or the “Company”), an affiliate of
Blackstreet Capital Holdings, LLC (“BCH”) and Bob Weiss, operator of the
Rockville Ice Rink, has acquired substantially all of the assets of the
Piney Orchard Ice Arena. Piney Orchard, located in Odenton, MD, is a
year-round indoor ice arena that is home to numerous youth hockey and
figure skating clubs and was previously the practice facility for the
NHL’s Washington Capitals. BCH is led by Murry Gunty, Chief Executive
Officer, and Lawrence Berger, Chief Investment Officer.

“Our partnership with BCH will enable Piney Orchard to upgrade the
facility and continue to reliably serve the growing hockey and figure
skating communities of the Washington, DC metro area,” said Bob Weiss.
“With BCH’s commitment, we look forward to turning Piney Orchard into
one of the leading ice rinks in the USA. We plan to expand the ice
hockey programs that are offered for all ages, build deeper
relationships with local high schools and build an improved cornerstone
for our community where families can safely spend time and have fun
together.” Mr. Weiss will assume management of the Piney Orchard ice
rink.

“We’re excited to facilitate the growth of ice skating sports in this
region,” said Murry Gunty, CEO of BCH. “Bob Weiss and his family run the
three-sheet Rockville ice arena, the premier ice rink in the Washington,
DC area, and Team Maryland. Team Maryland is one of the best hockey
programs in the country, so we are thrilled to begin our partnership
with them. This marks our second hockey rink investment and we look
forward to expanding our interests in this industry.”

BCH is a diversified holding company that seeks investments in debt and
equity of companies that are either underperforming, in out-of-favor
industries or are undergoing some form of transition. BCH seeks to
invest in a range of industries including education, manufacturing,
sports and entertainment, distribution, ecommerce, and franchising.

“BCH can provide capital solutions for all types of businesses,” said
Lawrence Berger, BCH Chief Investment Officer. “We can move
exceptionally fast to understand the situation. We are very flexible
with respect to how we structure a deal and we pride ourselves on being
creative in getting difficult deals done whether they’re asset or stock
deals, corporate divestitures or debt purchases. We are focused on
helping the underlying business stabilize and grow over the long-term.”

About Blackstreet Capital Holdings, LLC

Blackstreet Capital Holdings, LLC is a Chevy Chase, MD based diversified
holding company run by Murry Gunty and Lawrence Berger. BCH currently
has equity and debt holdings in education, consumer finance, and sports
and entrainment. Gunty and Berger have deep experience buying companies
that are either underperforming, in out-of-favor industries or are
undergoing some form of transition. BCH seeks investments in a range of
industries, including education, manufacturing, sports and
entertainment, distribution, ecommerce, and franchising.

Contacts

Blackstreet Capital Holdings
Lawrence Berger, 240-223-1311
LBerger@bchhold.com