CARL MARKS SECURITIES LLC (CMS) IS THE BROKER-DEALER AFFILIATE OF CARL MARKS ADVISORY GROUP LLC THAT PROVIDES OUR CLIENTS WITH SOPHISTICATED FINANCIAL ADVISORY SERVICES RELATED TO PRIVATE PLACEMENTS OF DEBT AND EQUITY CAPITAL. CMS' CAPABILITIES ALLOW US TO MAKE AVAILABLE TO CLIENTS A BROAD RANGE OF CAPITAL MARKET ALTERNATIVES AS THEY SEEK FINANCING FOR GROWTH, MERGERS OR ACQUISITIONS, RESTRUCTURINGS OR OTHER PURPOSES.