Obsidian Enterprises, Inc. Receives Notice of Intent to go Private

Share Name	Share Symbol	Market	Type
Blue Owl Capital Corporation III	NYSE:OBDE	NYSE	Common Stock

Share Name

Share Symbol

Market

Type

Blue Owl Capital Corporation III

NYSE:OBDE

NYSE

Common Stock

	Price Change	% Change	Share Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	0.11	0.73%	15.08	15.085	14.88	14.88	279,496	22:39:55

Price Change

% Change

Share Price

High Price

Low Price

Open Price

Shares Traded

Last Trade

0.11

0.73%

15.08

15.085

14.88

279,496

22:39:55

Obsidian Enterprises, Inc. Receives Notice of Intent to go Private

11/03/2005 4:06pm

PR Newswire (US)

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Obsidian Enterprises, Inc. Receives Notice of Intent to go Private INDIANAPOLIS, March 11 /PRNewswire/ -- Obsidian Enterprises, Inc. announced today it has received a 13(d) filing of Timothy S. Durham, Chairman and CEO, Terry Whitesell, President and COO and Jeff Osler, Senior Vice President and Treasurer, and their related affiliates, of their intent to pursue any number of various transactions to take Obsidian Enterprises, Inc. private. Specifically the 13(d) states "Based upon the recent financial performance of the Issuer and the financial and administrative burdens of compliance with the Sarbanes-Oxley Act of 2002, the Reporting Persons are currently exploring, and may propose, a transaction which would result in the Issuer becoming a private company (a 'Transaction'). Any Transaction would be intended to bring the total number of the Issuer's shareholders to under 300 and enable the Issuer to deregister its common stock and terminate all reporting obligations under the Securities Exchange Act of 1934. The Reporting Persons are currently evaluating various structures for such a Transaction, and such structures may include the Reporting Persons proposing to the Issuer a reverse stock split or a merger of the Issuer and a newly formed entity owned by the Reporting Persons in which shareholders of the Issuer other than the Reporting Persons would receive cash in exchange for their shares of the Issuer. At this time, no party, including any Reporting Person, is legally obligated to propose or engage in any Transaction and, upon the completion of their evaluation, the Reporting Persons may determine not to propose or engage in a Transaction at any time in the foreseeable future or may determine to propose or engage in any number of alternative Transactions." Obsidian Enterprises, Inc., is a publicly-traded (OTC:OBDE) (BULLETIN BOARD: OBDE) holding company headquartered in Indianapolis, Indiana. Obsidian invests in small- and mid-cap companies in basic industries such as manufacturing and transportation. Obsidian's subsidiaries include Danzer Morrison, Pyramid Celebrity Coaches, United Trailers, U.S. Rubber Reclaiming and Classic Manufacturing. For more information on Obsidian Enterprises, call (317) 237-4122 or visit http://www.obsidianenterprises.com/ . DATASOURCE: Obsidian Enterprises, Inc. CONTACT: Rick Snow, EVP and CFO of Obsidian Enterprises, Inc., +1-317-237-4122 Web site: http://www.obsidianenterprises.com/

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OBDE Blue Owl Capital Corporation III