Capital Source - A World of Tile Division: Phoenix Management Services Client A seventeen-store retail hardwood floor and wall tile chain with annual revenue of approximately $25 million. The Company operates retail locations in Colorado, Texas, Arizona and New Mexico. The Corporate offices and central distribution center are located in Denver, Colorado. The Company’s business focused upon both the consumer retail customer and the wholesale commercial and homebuilder markets. Problem A World of Tile’s (AWOT) EBITDA declined from $3.2 million when the CapitalSource (“CS”?) loan was first completed to $1.6 million in the first twelve months. CS recently completed a credit facility amendment to provide additional liquidity supported by a collateralized guarantee and an infusion of additional

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