FOR IMMEDIATE RELEASE
June 20, 2006
Contact: Tom Hardiman
Modular Building Institute
888-811-3288 toll-free

Robert W. Baird & Co. to Gather and Analyze Investor Data on The Commercial Modular Industry

Charlottesville, VA - Robert W. Baird & Co. (Baird) has asked to work with the Modular Building Institute (MBI) to gather and analyze investor data on the commercial modular industry. Headquartered in Milwaukee, WI, Baird is an internationally recognized member of the NYSE that specializes in equity research, private equity and public finance services. Baird suggested the collaboration because MBI is recognized as the only international trade association for commercial modular construction and represents the largest number of commercial modular construction providers in the U.S. and Canada.

Quarterly results will be published independently by Baird. Additionally, the independently analyzed data will be incorporated by MBI in its new annual Year in Review report. In late June of 2006, the first survey will be sent by Baird to dealers, wholesale manufacturers and direct manufacturers.

Baird was ranked as the most important provider of small-cap and mid-cap research in 2006. Fund managers ranked all major Wall Street firms on a number of factors and ranked Baird 1st in multiple categories.

"We feel the relationship between MBI and Baird will attract even more interest to this rapidly growing market sector," said Tom Hardiman, executive director of the Modular Building Institute. "The association is pleased to have this invaluable opportunity to work with such a highly respected equity research firm."

About MBI

Founded in 1983, the Modular Building Institute is an international nonprofit trade association representing commercial modular building manufacturers and distributors with membership in over 850 locations and 15 countries including the United States, Australia, Belgium, Canada, Chile, Denmark, France, Germany, Hungary, Japan, Mexico, the Netherlands, Peru, Poland, and the United Kingdom. Members serve seven primary markets: general office, education, retail, healthcare, government, security, and construction-site. For more information, visit www.modular.org.

About Baird

Baird, established in 1919, is an employee-owned, international wealth management, capital markets, private equity and asset management firm with offices in the United States, Europe and Asia. Baird's principal operating subsidiaries are Robert W. Baird & Co. in the United States and Robert W. Baird Group Ltd. in Europe. Baird also has an operating subsidiary in Asia supporting Baird's private equity operations.

Robert W. Baird & Co. is a member of the New York Stock Exchange and other principal exchanges and the Securities Investor Protection Corporation (SIPC). Robert W. Baird Ltd. and Baird Capital Partners Europe are authorized and regulated in the United Kingdom by the Financial Services Authority.

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