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For Immediate Release
Contact: Melinda M. Bascone
Director of Marketing
Carter Ledyard & Milburn LLP
212-238-8753
info@clm.com

CARTER LEDYARD & MILBURN LLP ASSISTS FOUNDERS EQUITY IN STONE SOURCE INVESTMENT

NEW YORK, August 14, 2006 – Carter Ledyard & Milburn LLP announced today that it has acted as lead counsel to Founders Equity and the other equity investors in the investment of $15 million to help Stone Source, the Manhattan-based distributor of stone and ceramic tile, expand its operations, with $8.2 million of this money being invested by the New York State Common Retirement Fund (CRF).

Details of the transaction are described in the Founders Equity Press Release, issued August 14, 2006.

The Carter Ledyard & Milburn group working on the transaction was comprised of partners David I. Karabell, James E. Abbott, Howard J. Barnet, Jr. and Macculloch M. Irving; and associates G. Christina Gray-Trefry and Patrick A. Michel.

Carter Ledyard & Milburn LLP (www.clm.com), established in 1854, has approximately 90 attorneys and has been headquartered on Wall Street since its founding. Carter Ledyard's general practice includes corporate, securities, mergers and acquisitions, broker-dealer, on-shore and off-shore hedge and other alternative investment funds, private equity, litigation, intellectual property, environmental, employment, media and technology, immigration, investment regulation, antitrust, art law, trusts and estates, maritime, ERISA, tax-exempt organizations, real estate, tax and bankruptcy. A significant part of the firm's practice involves representing overseas-based clients and their U.S. affiliates, financial institutions and other financial services providers, governmental entities and media and technology clients.

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