Acquired Assets: Ideal seeks to purchase certain of the Debtor’s assets listed on
Schedule 1.1 to the APA, which schedule remains in process but will consist of machinery and
equipment, inventory, intellectual property, certain executory contracts, supplies, motor vehicles,
computer hardware and software, licenses and permits and other personal property (collectively,
“Acquired Assets”).

In April 2005, the
Debtor’s new management team created a new company, MCC Business, Inc., which purchased
the Debtor’s parent company, Strafor Facon, Inc. n/k/a Triat Industries, Inc., and its subsidiary,
i.e., the Debtor.
3. The Debtor has experienced a significant decline in earnings caused by several
economic conditions, for example, loss of certain top customers (including government
contracts); increasing labor costs; the impact of the recession on industries upon which the
Debtor depends for sales, e.g., automotives; and the cost of an under-utilized, leased distribution
facility in McCook, Illinois.

Oh and just a a point of interest. If you look on page four, Wright tools was one of the companies on the SK HAND TOOL CORPORATION SERVICE LIST.