Waller Capital Advises Vision Communications on Sale to EATEL

Gonzales, LA

EATEL SIGNS DEFINITIVE AGREEMENT TO ACQUIRE LAFOURCHE’S VISION COMMUNICATIONS

GONZALES, La. (September 20, 2011) – Ascension-based EATEL today announced it has entered into a definitive agreement to acquire Vision Communications (Vision), a 66-year-old telecommunications company headquartered in Lafourche Parish, Louisiana. Vision has been owned by BV Investment Partners, a Boston based private equity firm, which acquired the Company in 2007. Vision provides cable TV, Internet, phone, home security, and alarm monitoring services to both residential and business customers from Raceland to Port Fourchon and Grand Isle, Louisiana. The acquisition of Vision will give EATEL an expanded service area throughout southeastern Louisiana that stretches from lower Livingston Parish to southern Jefferson Parish.

“From a business perspective, we are pleased to expand EATEL’s winning formula of reliable service coupled with unequalled support and look forward to providing the most advanced high-bandwidth broadband services to Vision’s customers, consistent with EATEL’s well-established track record,” said John Scanlan, EATEL President. “On a personal level, I’m excited to expand our services into an area that has always been important to me. Having spent many years in Fourchon from an early age, I know first-hand that the people are what make this area such a vital part of south Louisiana’s culture.”

“We look forward to serving the people in Lafourche and Jefferson parishes in the same manner we serve our existing customers,” said Smokey Scanlan, EATEL’s Chief Executive Officer. “Our customers know us as the hometown provider that has always offered affordable services backed by excellent customer service.”

The transaction is subject to approval by the Federal Communications Commission (FCC) and the Louisiana Public Service Commission (LPSC) as well as other customary closing conditions and is expected to close in the fourth quarter of 2011.

Charlesmead Advisors, LLC served as exclusive financial advisor to EATEL in the transaction. Waller Capital Partners, LLC served as exclusive financial advisor to the owners of Vision in the transaction.

About EATEL

EATEL was the first company in Louisiana to provide phone, high-Speed Internet and cable TV services over a state-of-the-art, all-fiber communications network that offers a broad array of advanced digital services, including 75 high-definition channels, TV Caller ID and hundreds of Video On Demand titles. Founded in Gonzales, Louisiana in 1935, EATEL celebrated its 75th anniversary in 2010 as the leading telecommunications service provider in the Ascension and Livingston Parish communities. To learn more about EATEL, visit www.eatel.com.

About Vision Communications

Founded in 1945, Vision Communications provides a broad array of advanced telecommunications services including digital cable TV, high speed internet access, local and long distance telecommunications, alarm monitoring and commercial data services. Headquartered in Larose, Louisiana, Vision serves residential and commercial customers throughout central and southern Lafourche and southern Jefferson Parishes. To learn more about Vision, visit www.viscom.com