The Vair Companies

News 2008

VAIR COMPANIES ANNOUNCES LAUNCH OF UPOWER

12-2008

Combining MBA training, advisory services and an eye toward renewable energy, The Vair Companies has announced the creation of UPOWER. This newly-formed division of VC is implementing solar power initiatives via custom-designed collegiate programs while: providing a unique learning environment for the students, increasing graduate hiring avenues, driving down the schools' operating expenses, encouraging greater alumni participation and giving, reducing carbon footprints and also providing high-valued PR to each school. For more information on UPOWER, please contact Chip Haskell at chaskell@vaircompanies.com

VAIR TRAINING POSTS 2009 CALENDAR FEATURING EXPANDED COURSE SELECTION AND INTL. LOCATIONS

12-2008

Vair Training has answered the call from existing clients and new partnerships for more training in international locations. The high demand for premium financial courses has mandated VT to include Johannesburg, Sao Paolo and London on its 2009 calendar. In addition to financial modeling and financial modeling for Project Finance, Infrastructure and Public-Private Partnerships, Vair will also showcase a number of new courses including topics such as Asset Management, Operations & Maintenance, Loan Underwriting and Renewables. For more details, please visit vaircompanies.com/training.

VAIR DEVELOPS SUMMER MBA TRAINING AND RECRUITING EVENT

11-2008

New York City is the designated location to bring together top MBA students and corporate recruiters this summer. MBAs will participate in a custom financial-modeling training workshop designed to sharpen their skills and engage in real-time commercial discussions with active project developers and financial advisors. This unique setting will provide recruiters from leading financial institutions and the infrastructure community with a hands-on perspective when evaluating potential candidates. The 2-day event will also feature keynote speakers, luncheons and networking receptions. For participation inquiries or sponsorship opportunities, please contact Steve Janes at sjanes@vaircompanies.com

TRINIDAD, MEXICO CITY AND DUBAI COURSES MET WITH ENTHUSIASTIC REVIEWS

11-2008

Course participants praise training sessions.

Trinidad & Tobago: "Fantastic teacher and great course. It went far beyond my expectations...wish I had taken it sooner."

- Finance and Accounting Mgr.

Mexico City: "Empowering. I now truly understand your mantra of ?Negotiating off the model and not modeling off the negotiations'."

- Financial Analyst

Dubai: "The added legal analysis component was incredibly unique and educational. The project-finance commercial discussions brought it all together."

- Corporate Banking Mgr.

VT RUNS IN-HOUSE PF MODELING COURSE FOR BTU

10-2008

BTU Ventures contracted Vair Training for a 3-day Project Finance Advanced Modeling training program which was conducted at their headquarters in Waltham, Mass. BTU is a unique private equity group with a long-term investment horizon, integrating elements of a private equity firm with those of an operating energy company. BTU combines merger and acquisition, asset management and project financing expertise with project development and plant operations and maintenance capability. They also operate a regional office located in Dubai, UAE.

VAIR CLIENT SIGNS MOU WITH NIGER STATE GOVERNMENT FOR HYDRO POWER PLANT

05-2008

Transatlantic Investment and Development Company, LLC ("TIDC") and The Government of Niger State, Nigeria signed a Memorandum of Understanding ("MOU") initiating the start of a Hydroelectric Independent Power Development Project that will ultimately provide electricity to Central Nigeria. The ceremony was held at the legal offices of Troutman Sanders, LLP, with the Executive Governor, Niger State, Dr. Mu'azu Babangida Aliyu and Dr. Chima J. Onwukeme, President of TIDC executing the document. Both parties outlined that the MOU was an important step in providing reliable, long-term and sustainable power to the region. Vair serves as a financial advisor to TIDC.

VAIR TRAINING ANNOUNCES 2008 SCHEDULE

04-2008

Vair Training kicks off its Financial-Modeling Course dates in Atlanta this April. Upcoming locations also include Houston, Toronto and New York City. Vair will expand its international presence by hosting courses in Johannesburg and Dubai later in the year.

Newly-appointed Managing Director of Vair Training, Stephen K. Janes, adds, "We're excited about reaching a broader range of delegates in varied international regions. The demand for Vair Training to deliver more public training in more places allows us to expand globally in 2008." Steve comes to Vair with a commercial background in import/export, direct marketing and international marketing. He can be contacted at: +1 770.853.0362 or sjanes@vaircompanies.com

PARTNERSHIP WITH PALISADE TO ENHANCE HOUSTON AND TORONTO COURSES

04-2008

Vair Training has integrated Palisade @RISK 5.0 software into our Financial Statement Modeling & Analysis and Project Finance Advanced Modeling courses in Houston (June 9-13) and Financial Statement Modeling & Analysis and PPP in Toronto (June 16-20). The courses demonstrate the power of Monte Carlo simulation analysis while creating a dynamic decision-making tool, elevating past simple static input and output spreadsheets.

Palisade Corporation is the recognized leader in risk and decision-analysis solutions. The company's mission is to provide the world's most robust, innovative, and comprehensive risk-decision and data-analysis software and training services. To learn more, visit www.palisade.com

CALYON PROJECT FINANCE GROUP RETAINS VAIR EXECUTIVE SEARCH

03-2008

Calyon's New York Project Finance team has retained Vair Executive Search to assist with recruiting an analyst/associate level position. Through our extensive modeling training, Vair Executive Search is in a unique position to quickly assess and match candidates and clients requirements. Having worked with Vair on two advisory mandates "across the table from each other," Calyon was able to see our product and services first hand. Calyon was formed from the merger of Crédit Agricole Indosuez and Crédit Lyonnais' Corporate and Investment Banking division. Backed by the Group's credit ratings and financial solidity, Calyon is now a leading player in financial markets. The Project Finance Team at Calyon consistently ranks among the top firms in the industry.

BEAR STEARNS' ARROYO ENERGY TAPS VAIR TRAINING

02-2008

Continuing our close dealings with the infrastructure equity community, Vair ran Module 1 and 2 for Arroyo Energy, a wholly-owned subsidiary of The Bear Stearns Companies Inc., making principal investments in energy-related assets.

VAIR TRAINING FORMS STRATEGIC ALLIANCE WITH LINKLATERS LAW

01-2008

Vair Training has partnered with Linklaters LLP law firm to develop a specialty class, Project Finance Bootcamp, in London, England. The course will encompass Vair's expert instruction on international financial modeling for project finance and Linklaters LLP's legal perspective on the industry. The week-long workshop is set to run July 7-11.

Linklaters LLP specializes in advising the world's leading companies, financial institutions and governments on their most challenging transactions and assignments. Their clients require advice on all areas of commercial law and thus benefit from the breadth of their legal expertise which spans 18 core practice areas worldwide. Linklaters LLP was recently named Europe's International Law Firm of the Year by the International Financial Law Review following their distinction as International Law Firm of the Year in Asia. For more info, please visit www.linklaters.com

VAIR PROVIDES IN-HOUSE TRAINING FOR EDC

01-2008

Vair Training recently conducted both Module 1 and 2 courses for Export Development Canada (EDC) at their offices in Ottawa. EDC is Canada's export credit agency, offering innovative financing, insurance and risk-management solutions to help Canadian exporters and investors expand their international business.

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