Notice of Guaranteed Delivery
for Tender of Shares of Common Stock
of
RANGER INDUSTRIES, INC.
by
BUMGARNER ENTERPRISES, INC.
(Not to be Used for Signature Guarantees)
This Notice of Guaranteed Delivery (or one substantially in the form
hereof) must be used to accept the Tender Offer (as defined in the Offer to
Purchase (as defined herein)) if (a) certificates ("Share Certificates")
representing shares of common stock, par value $.01 per share (the "Shares"), of
Ranger Industries, Inc., a Connecticut corporation, are not immediately
available; (b) time will not permit all required documents to reach Continental
Stock Transfer & Trust Company (the "Depositary"), on or prior to the Expiration
Date (as defined in the Offer to Purchase); or (c) the procedure for book-entry
transfer, as set forth in the Offer to Purchase, cannot be completed on a timely
basis. This Notice of Guaranteed Delivery may be delivered by hand or mail or
transmitted by facsimile transmission to the Depositary. See The Tender Offer -
Procedure for Tendering Shares of the Offer to Purchase.
The Depositary for the Tender Offer is:
Continental Stock Transfer & Trust Company
By Mail, Overnight Courier and Hand:
Continental Stock Transfer & Trust Company
Reorganization Department
2 Broadway
New York, New York 10004
By Facsimile Transmission:
(212) 616-7610
Telephone to Confirm Fax:
(212) 845-3226
Delivery of this Notice of Guaranteed Delivery to an address other than as
set forth above, or transmission of instructions via facsimile to a number other
than as listed above does not constitute a valid delivery.
This Notice of Guaranteed Delivery is not to be used to guarantee signatures.
If a signature on a Letter of Transmittal is required to be guaranteed by an
"Eligible Institution" under instructions thereto, such signature guarantee must
appear in the applicable space provided in the signature box in the Letter of
Transmittal.
The attached guarantee must be completed.
Ladies and Gentlemen:
The undersigned hereby tenders to Bumgarner Enterprises, Inc., a Florida
corporation, upon the terms and subject to the conditions set forth in the Offer
to Purchase, dated December 29, 2000 (the "Offer to Purchase"), and the related
Letter of Transmittal (which together constitute the "Offer Documents"), receipt
of each of which is hereby acknowledged, the number of Shares indicated below
pursuant to the guaranteed delivery procedures set forth in The Tender Offer -
Procedure for Tendering Shares of the Offer to Purchase:
- --------------------------------------- ---------------------------------------
- ----------------------------------- -----------------------------------
Names(s) of Record Holder(s) Number of Shares
- --------------------------------------- ------------------------------------
Certificate Nos. (if available)
- -----------------------------------
Address(es) Indicate account number at Book-Entry
Transfer Facility if Shares will be
___________________________________ tendered by book-entry transfer:
Zip Code
------------------------------------
- ----------------------------------- Account Number
(Area Code) Telephone No.
X_________________________________
X_________________________________ Dated: _____________________________
Signature (s) of Record Holder(s)
- --------------------------------------- ---------------------------------------
- -------------------------------------------------------------------------------
GUARANTEE
(NOT TO BE USED FOR SIGNATURE GUARANTEE)
The undersigned, a bank, broker, dealer, credit union, savings association or
other entity that is a member in good standing of the Securities Transfer Agents
Medallion Program (an "Eligible Institution"), hereby guarantees delivery to the
Depositary, at one of its addresses set forth above, of Share Certificates
tendered hereby in proper form for transfer, or confirmation of the book-entry
transfer of Shares into the Depositary's account at The Depository Trust
Company, in either case together with delivery of a properly completed and duly
executed Letter of Transmittal (or facsimile thereof) with any required
signature guarantee, or an Agent's Message (as defined in the Offer to
Purchase), and any other documents required by the Letter of Transmittal, within
three trading days after the date of execution of this Notice of Guaranteed
Delivery.
The Eligible Institution that completes this form must communicate the
guarantee to the Depositary and must deliver the Letter of Transmittal and Share
Certificates to the Depositary within the time period indicated herein. Failure
to do so may result in financial loss to such Eligible Institution.
_________________________________ X________________________________
Name of Firm Authorized Signature
- --------------------------------- ---------------------------------
Address Name (Please Print)
- --------------------------------- ---------------------------------
Zip Code Title
_________________________________ Dated: ___________________________
(Area Code) Telephone No.
- -------------------------------------------------------------------------------
NOTE: DO NOT SEND SHARE CERTIFICATES WITH THIS NOTICE
SHARE CERTIFICATES SHOULD BE SENT WITH YOUR LETTER OF TRANSMITTAL