Situation

Two Roads Equity invests in businesses with the potential for significant growth, often in one of two primary situations:

1

An entrepreneur who desires a complete sale of the business and transition from day-to-day operating responsibilities.

2

An entrepreneur who desires a partial sale and help managing the complexities of a growing business.

Business

Two Roads Equity invests in companies with compelling business models characterized by:

1

Understandable business model and clear value proposition

2

High degree of recurring revenue from a diverse customer base

3

Sticky customer relationships characterized by high switching costs and/or a low incentive to switch

4

Readily identifiable growth opportunities, either internally or through acquisition

Financial

Two Roads Equity invests in companies with strong historical financial performance signified by:

1

Revenue growth in excess of 10%

2

Operating margins in excess of 10%

3

Return on invested capital in excess of 30%

4

EBITDA in excess of $1.5 million