Bridge Associates LLC Announces Successful Sale of Assets of ADLT Class 7 Liquidating Trust

Bridge Associates, LLC, through Mark Stickel, a member of the firm acting as the Trustee for the ADLT Class 7 Liquidating Trust, today announced that the Trust, which was created to hold certain of Advanced Lighting Technologies, Inc's ("ADLT") assets for the benefit of most of ADLT's shareholders, has completed the sale of its holdings for a total of $16.3 million. This sale translates into an estimated total distribution of approximately $0.72 per eligible share to the Trust's beneficiaries. During the ADLT' Chapter 11 case, estimated shareholder returns were in the $0.04 to $0.08 range.

The Trust has already distributed approximately $12.3 million, or $0.53 per eligible share, from the liquidation of its holdings of 1,541,000 shares of Fiberstars, Inc. The Trust expects to make an additional aggregate distribution of $4.1 million, or $0.19 per eligible share, by July 1, 2006, from the proceeds of the sale of the Trust's remaining assets. The Trust sold 9,440 shares of Hexagram, Inc. common stock to an affiliate of ESCO Technologies, Inc. for approximately $3.66 million, and the Trust also sold its contingent interest in the post-bankruptcy ADLT to SP Finance Company, LLC for $350,000.

"This successful outcome for the Trust's beneficiaries would not have been possible without the able assistance of our team of professional advisors," stated Mr. Stickel. "Troy Taylor of Algon Group, along with our legal counsel team of Phil Ruben and Aaron Kase of Levenfeld Pearlstein, LLC, played a key role in negotiating the orderly sale of the Trust's holdings of Hexagram stock to an affiliate of ESCO Technologies for about $3.66 million. The previous high offer for the Hexagram shares, received toward the end of 2005, was only $2 million.

"The sale of the contingent interest in the post-bankruptcy ADLT was ably handled by bankruptcy counsel team of Mark Radtke and Robert Fishman of Shaw Gussis Fishman Glantz Wolfson & Towbin LLC, with Algon Group serving as our financial advisor for this transaction as well," Mr. Stickel added.

Robert Fishman, Mark Radtke and Troy Taylor all represented the Official Committee of Equity Holders in the ADLT Chapter 11 case, and they negotiated the terms of the Chapter 11 plan that resulted in the ADLT Liquidating Trust receiving the Fiberstars, Inc., and Hexagram, Inc. stock and the contingent interest in the post-bankruptcy ADLT.