Robert Pinkas and Paul Cascio Resign From Brantley Capital Board of Directors

CLEVELAND, Sept. 28  /PRNewswire-FirstCall/ -- Brantley Capital Management ("BCM") announced today that it will no longer provide management services to Brantley Capital Corporation (OTC:BBDC) effective immediately.  Robert P. Pinkas and Paul H. Cascio have resigned from the Board of Directors and executive positions for BBDC.

Robert Pinkas stated, "We believe we have built an outstanding private equity portfolio as evidenced by the fact that Brantley Capital has received approximately $4.4 million in proceeds from the successful sale of portfolio companies in the last 30 days.  In August, BCM advised the BBDC board of directors that it would terminate its relationship with BBDC if BCM was not reimbursed in full for expenses incurred in connection with services to BBDC for the past six months.  Unfortunately, we could not reach a resolution with the Brantley Capital Board." 

DATASOURCE: Brantley Capital Management



CONTACT:  Robert P. Pinkas of Brantley Capital Management,

[phone]

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