1. Crystal Service Web Conference Crystal Service Web Conference December 19, 2008 Presented by: Dennis Cantalupo

2. 3q & YTD Results:

3. Top line Remains the Achilles' Heel:

4. Thin Profitability: (in basis points)

5. Direct Business Analysis: During the final two months of 2007, Overton’s contributed $5.5 million in sales and $1.5 million in net loss. Based on these figures, it appears that Overton’s has lost approximately 8% of its sales base and with the added expenses of opening the Gander Mtn direct business, the new Direct business has been a negative contributor to earnings.

6. Below 3x is a warning sign Above 3.5x is a warning sign Credit Measures:

7. Credit Facility: It should be noted that the $10 million loan received earlier in the year was used to repay borrowings. This represents approximately 3% of borrowing base.

8. Free Cash Flow:

9. 4Q Projections

10. Summary: CEO Resigns on 9/8/08 David C. Pratt New Interim CEO Founded United Industries in 1969, which he sold for $620 million in 1999 President of Rex Realty Minority owner of St. Louis Cardinals Owns over 30% of Gander Mtn’s voting stock Invested over $70 million into GMTN since December 2006 Expiration of New $10 million Loan extended to March from December) Without this financing received in June 2008, liquidity would have been tight during the second quarter of 2008. Overton’s Acquisition has not generated the anticipated EBITDA. David Pratt has done a commendable job thus far, however, the economy is not making matters easier for Gander. How is David Pratt going to get his money out? Sell the Company? Turn the operations around? Credit availability will remain tight Credit Rating: E2

11. HAPPY HOLIDAYS!! This financial information is issued to the named subscriber for its exclusive use only and is compiled from sources which Information Clearinghouse Incorporated, 310 East Shore Road, Great Neck, NY 11023, does not control and unless indicated is not verified. Information Clearinghouse, its principals, writers and agents do not guarantee the accuracy, completeness or timeliness of the information provided nor do they assume responsibility for failure to report any matter omitted or withheld. This report and any/or part thereof may not be reproduced, and/or transmitted in any manner whatsoever. Any reproduction and/or transmission without the written consent of Information Clearinghouse is in violation of Federal and State Law. Presented by: Dennis Cantalupo Vice President Phone: 800 – 789 – 0123 X-110 E-mail: dennisc@creditntell.com