COSTA MESA, Calif. - February 19, 2004 -- Falconhead Capital LLC, a New York private equity firm, has completed the acquisition of National Powersport Auctions of Poway, Calif. Transaction terms were not publicly disclosed.

RSM EquiCo Capital Markets initiated the transaction, led the negotiations and acted as the exclusive financial advisor to National Powersport Auctions.

"The acquisition reflects Falconhead Capital's commitment to the leisure, sports and entertainment industries," said John Dorey, senior managing director of RSM EquiCo Capital Markets.

National Powersport Auctions

Privately held National Powersport Auctions is the nation's largest auctioneer of repossessed all-terrain vehicles, motorcycles and personal watercraft and boats. Established in 1990, the company invites dealers worldwide to attend monthly vehicle repossession auctions in San Diego and Atlanta. National Powersport Auctions forms a unique link between financial institutions and powersport dealers, creating competitive live auctions that help powersport-vehicle lenders and insurers to realize the highest possible value on the sale of repossessed and salvaged vehicles. National Powersport Auctions has created a unique business model that enables it to collect profit-generating fees from both its suppliers (financial institutions) and its customers (dealers).

Falconhead Capital LLC

Falconhead Capital , founded in 1998, currently manages a $215 million fund that focuses on private equity investments in the leisure, lifestyle, sports and media sectors. The fund is managed by an investment team with more than 65 years of collective experience in both operations and financial arenas. The fund's objective is to generate attractive equity returns for its investors through long-term investments that leverage its industry focus, its investment team's industry-specific experience, and its strong strategic partnership with IMG, the world's leading sports, entertainment and lifestyle management and marketing company.

About RSM EquiCo, Inc.

RSM EquiCo is a leading global investment banking firm serving private middle-market companies throughout North America. With more than 400 professionals and support personnel, the firm specializes in mergers, acquisitions and divestitures for non-public companies with up to $500 million in annual revenues. Based in Costa Mesa, Calif., RSM EquiCo is part of RSM McGladrey Business Services, a business segment of H&R Block Inc. For more information, log on to www.rsmequico.com.