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Flow Dry Technology, Inc. announces the acquisition of the assets of Aridien Manufacturing, Inc.

Brookville, OH, May 11, 2009 – Flow Dry Technology, Inc. (“Flow Dry”), an affiliate of Blackstreet Capital Partners I, announced today the completion of its acquisition of the assets of Aridien Manufacturing, Inc. Aridien Manufacturing, based in Belen, NM, is a manufacturer of desiccant packages used in variety of medical and nutra-ceutical applications.

“We are very excited about this acquisition. We believe that the transaction will augment Flow Dry’s production capabilities while simultaneously expanding its product line.” said Ric Miller, Chairman of Flow Dry. “Under the leadership of Doug LeConey, Flow Dry CEO, we are confident that this acquisition has favorably positioned the Company to grow in various non-automotive markets”, added Miller.

“This is a strategic investment that will allow the capabilities and strengths of Aridien Manufacturing, Inc.'s desiccant packet manufacturing processes to complement the marketing and international presence of Flow Dry. Belen’s products can be offered to a broad customer base from our other Flow Dry plants, including Brookville, Ohio, Komarom, Hungary, and Zhangjiagang, China", said Doug LeConey, President.

Flow Dry Technology, LLC, the majority owner of Flow Dry, has been a portfolio company of Blackstreet Capital Partners I since August 2006.

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About Flow Dry Technology, Inc.

Flow Dry Technology, Inc (www.flowdry.com) is a leading component manufacturer with operations headquartered in the Dayton, Ohio area. The company manufactures desiccant bags, cartridges and assemblies for a variety of markets worldwide. Flow Dry Technology has been certified to TS16949 and ISO9000, and supplies major manufacturers in the automotive, HVAC, medical and electrical industries.

About Blackstreet Capital

Blackstreet Capital Management, LLC (www.blackstreetcapital.com) is a Chevy Chase, MD based private equity firm with $200 million of capital under management. Blackstreet focuses on control buyouts of companies that are either underperforming, in out-of-favor industries or are undergoing some form of transition. Blackstreet seeks investments in a range of industries, including manufacturing/distribution, restaurants, specialty retail, business services and health care. BCM is currently investing Blackstreet Capital Partners II, a $106 million fund.