Grand Slam Capital Offshore

Fund, Ltd.

Fund Investment Objectives

The Partnership is operated with a focus on purchasing value-oriented, small and mid-sized capitalization companies. Short positions are generally be limited to forty percent (40%) or less of invested capital, measured at the time of investment, to provide a partial hedge against individual company, industry or market risk. The identification of targeted long investments is accomplished by running computer models looking for companies with strong balance sheets and low relative valuations, reading press articles which highlight out of favor stocks and industry sectors, and through the Investment Manager's network of contacts. Straight short positions are identified through similiar means and will generally have deteriorating balance sheets and income statements and high valuation ratios.