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HighBank Serves as Exclusive Financial Advisor on JAYTS, LLC's Recapitalization of Airsoft Megastore

January 3, 2013

HighBank Advisors (“HighBank”), a Baltimore, Maryland based middle market investment bank, announces that it was the exclusive financial advisor to JAYTS, LLC ("JAYTS") on its recapitalization of Airsoft Zone Corporation ( (“Airsoft Megastore”, “ASM” or the “Company”) one of the largest and fastest growing online retailers of airsoft products in the U.S. Terms of the transaction were not disclosed.

ASM was founded with the mission to “Bring Airsoft to the MassesTM” by offering an unparalleled product selection, value proposition and customer experience that makes the sport of airsoft both accessible and affordable to all players. The Company retails over 430,000 items and 4,200 SKUs including airsoft guns, BB ammunition, accessories and tactical gear. The Airsoft Megastore e-commerce platform provides consumers a unique airsoft shopping experience highlighted by a wide selection of popular in-stock airsoft products, industry leading prices, an easy-to-use no-hassle web interface, speed of delivery and an unmatched level of customer support and set of customer service policies.

Jay Snider, Managing Member of JAYTS, LLC, commented, "The team at HighBank was exceptional. They provided senior-level attention through every phase of the transaction. Numerous hurdles to getting the transaction completed by year end arose and HighBank was able to develop and implement solutions on the fly to accommodate all parties. In my view, their deal structuring and negotiating skills are unmatched in the middle market. Further, we could not have successfully raised the required debt financing without their expertise and daily commitment to the transaction. Mike, Jack and their senior management team have built an outstanding business and I look forward to partnering with them to expand ASM’s e-Commerce platform."

Stephen Gaines, Managing Director, at HighBank stated, "We have worked with Jay on numerous initiatives over the past decade plus and are excited to have served as both acquisition and financing advisor on this transaction. We believe the combination of ASM’s outstanding market position and leadership team and Jay Snider’s experience and long history of business success position the Company for robust growth in the future."

Senior financing for the transaction was provided by Pacific Western Bank. Stradling Yocca Carlson & Rauth served as legal advisor to JAYTS. Intrepid Investment Bankers and Rutan & Tucker were Airsoft Megastore’s financial and legal advisors, respectively.


Stephen Gaines
HighBank Advisors LLC

Cherie Homa
HighBank Advisors LLC


JAYTS is an investment vehicle formed by Jay Snider for the purpose of consummating the recapitalization of ASM. Jay Snider is a Los Angeles-based, hands-on, experienced executive with a proven track record of building and selling established businesses as well as investing in and supporting high-growth maturing businesses. Examples of Mr. Snider’s business successes include, Founder and CEO of SpectaGuard, Inc., President of the Philadelphia Flyers, Founder and CEO of Frontline Solutions, and Founder and President of Cadence Cycling and Multisport Centers.

About HighBank Advisors LLC

About HighBank Advisors LLC HighBank is a Baltimore-based full services mid-market investment bank and financial advisory firm. The firm provides advice on mergers and acquisitions, raising capital, exit and transaction planning, business valuations, fairness and solvency opinions, loan workouts and debt restructurings, and distressed asset sales. HighBank was formed on a mission that our clients and our people deserve to have their highest expectations met and to receive higher value for their investments of money and time. For more information, visit

All investment banking services are provided by HighBank Securities LLC (“HBS”), a registered broker-dealer and member of FINRA and SIPC HBS is a wholly-owned subsidiary of HighBank Advisors.