HedgeCo.Net- Santa Fe Holding Company, the parent company of Santa Fe Cattle Co., announced today that two hedge funds with assets totaling more than $4 billion dollars under management have purchased $2 million dollars of restricted stock from the company. Santa Fe Holding Co. is a restaurant holding company which currently owns and operates 20 Santa Fe Cattle Co. restaurants located throughout 7 states.

Midtown Partners & Co. has been engaged by the company for more than year to assist in many different areas of strategic financing for the company. “We continue to raise capital to facilitate expansion at a faster pace,” states Danny York, Chairman, “But it has been important to us that any capital raised is done on a friendly basis and fair to the company and our shareholders.” Midtown has done an excellent job for us in finding strategic partners who understand our true potential and are interested in investing with us for the long term. Mr. York added, “The two funds that have recently taken positions in the company did so in restricted stock which shows a commitment on their part and gives us the time to continue to execute our growth strategy and build shareholder value.”

“The additional capital will give us the ability to begin locking up future locations for 2009 and the flexibility to add additional locations in 2008 if the right opportunity presents itself,” says Mr. York. The company currently has 10 locations under contract for the new year with 4 already under construction. Mr. York went on to say, “We will always be open to additional equity investments in our company as long as the capital is committed to staying with us long term and the terms of the investment is not only fair to our current shareholders but adds value to the overall enterprise.”