SSG Capital Advisors, LLC ('SSG') was retained by LCN for the purpose of marketing the Company for sale. SSG solicited competing offers to a proposed stalking horse bid of $14.8 million plus the assumption of substantial liabilities. As part of the marketing process, SSG contacted over 150 strategic and financials buyers, including buyers in Asia, Australia, Europe and South America. Ultimately, no overbids were received from any other qualified bidders and the sale of LCN's assets to BET Investments was approved by the U.S. Bankruptcy Court for the Middle District of Pennsylvania in May 2010. The transaction closed in June 2010.