Sierra Capital Delivers Letter to Safeguard Chairman

Sierra Capital Delivers Letter to Safeguard Chairman

Encouraged by Recently Announced Strategic Changes In Response to Sierra's Private Involvement

Does Not Believe Changes Go Far Enough to Address the Magnitude of Issues at Safeguard

Expresses Concern with Destruction of Shareholder Value Under Current Leadership

Believes Significant Change is Required to Drive Shareholder Value Creation

Urges Safeguard to Immediately Form a Committee to Review Strategic Alternatives and to Rejuvenate its Board with Highly Qualified Candidates

Looks Forward to Continuing its Constructive Dialogue with the Company

PR Newswire

NEW YORK, Jan. 29, 2018 /PRNewswire/ -- Sierra Capital Investments, L.P. ("Sierra"), one of the largest shareholders of Safeguard Scientifics, Inc. ("Safeguard," or the "Company")(NYSE: SFE), with ownership of approximately 5.1% of the Company's outstanding shares, today announced that it has delivered a letter to Robert J. Rosenthal, Chairman of the Board of Directors of Safeguard.

The full text of Sierra's letter to the Chairman of Safeguard's Board of Directors can be viewed at the following link:

https://mma.prnewswire.com/media/634634/Letter_to_SFE_Chairman_1_29_18.pdf

About Sierra Capital Investments, L.P.

Sierra Capital Investments, L.P. is an entity owned by Maplewood Partners, LLC ("Maplewood") and Horton Capital Partners, LLC ("Horton"). Maplewood is an alternative asset management firm that employs an opportunistic, value driven approach that capitalizes on complex, misunderstood, or off-the-run opportunities in both public and private equities. Horton is an investment firm making concentrated investments in undervalued and under-appreciated small and micro-capitalization public companies.

Investor contacts:
Darren C. Wallis
(610) 816-6660
www.maplewoodllc.com

Joseph M. Manko, Jr.
(215) 399-5402
www.thehortonfund.com

Cision View original content with multimedia:http://www.prnewswire.com/news-releases/sierra-capital-delivers-letter-to-safeguard-chairman-300589779.html

SOURCE Sierra Capital Investments, L.P.

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