Alpine Group Inc. (fka APNI)

[bhinde99]

I agree

Pursuant to the proposed plan of reorganization, all Wolverine existing common and preferred stock
(including options to acquire the same) will be cancelled, and the holders of such stock, including Alpine, will not receive or retain
any property on account of such stock. The timing and final terms for the restructuring of Wolverine are subject to, among other
matters, the detailed terms and conditions of a Plan of Reorganization and its ultimate approval by the Bankruptcy Court. There can
be no assurance that such approval will be obtained. As a result of the aforementioned bankruptcy, Alpine recorded a $2.4 million
loss in the statement of operations during the fourth quarter of 2010, representing its remaining share of Wolverine’s other
compressive losses previously recorded by Alpine. This did not have any impact on Alpine’s total stockholders’ equity