Millstream II Acquisition Corporation

August 14, 2006

Exhibit 99.2

Confidential and Proprietary

Forward-looking Statements

This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, about

Millstream II, Sprinturf and their combined business after completion of the proposed merger. Forward-looking statements are statements
that are not historical facts. Such forward-looking statements, based upon the current beliefs and expectations of Millstream II’s and
Sprinturf’s management, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements.

The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: the ability to

obtain Millstream II stockholders’ approval on the merger agreement and the transactions contemplated thereby; the number and percentage
of Millstream II stockholders voting against the merger; changing interpretations of generally accepted accounting principles; general
economic and business conditions in the U.S.; the seasonality of Sprinturf’s business; changes in market acceptance of synthetic turf as a
viable alternative to natural turf; fluctuations in customer demand; management of rapid growth; intensity of competition; as well as other
relevant risks detailed in Millstream II’s filing with the Securities and Exchange Commission, including its annual report on Form 10-KSB
for the period ended December 31, 2005. The information set forth herein should be read in light of such risks. Neither Millstream II nor
Sprinturf assumes any obligation to update the information contained in this presentation.

Additional Information

Millstream II stockholders are urged to read the proxy statement regarding the proposed transaction when it becomes available

because it will contain important information. Copies of filings by Millstream II, which will contain information about Millstream II
and Sprinturf, will be available without charge, when filed, at the Securities and Exchange Commission's website at www.sec.gov.
and when filed, will also be available free of charge, from Millstream II by directing a request to Millstream II Acquisition
Corporation, Attn: Arthur Spector, 435 Devon Park Drive, Building 400, Wayne, PA 19087.

Confidential and Proprietary

Executive Summary

II.

Industry Overview

III.

Products

IV.

Business Strategy

Financial Summary

VI.

Transaction Summary

VII.

Investment Summary

Table of Contents

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Romney Stadium, Utah State University, Logan, Utah

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EXECUTIVE

SUMMARY

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Specialty Surfaces International, Inc. d/b/a Sprinturf (“Sprinturf”), Wayne, PA, is a

developer, marketer and installer of synthetic turf for athletic fields and commercial and
residential landscaping applications

Sprinturf has a patent for an essentially all-rubber infill synthetic turf system playing

surface similar to that of a natural grass field in pristine condition

Recently acquired patent for base, shock pad and drainage system, which eliminates need for stone

aggregates in base, expected to reduce installation costs and improve safety

Sprinturf operates in the fast growing synthetic turf industry ^*

27% per annum installation growth from 2001 – 2005

20% per annum installation growth forecast over next four years

Established in 1999, Sprinturf has a history of growth

Increased sales at a compounded annual growth rate (“CAGR”) of 30% from $13.2 million in 2002

to $29.1 million in 2005

Received orders to sell and install over 7.0 million square feet of synthetic turf for the six months

ended June 30, 2006, up from approximately 4.8 million square feet in the comparable period in 2005

Investment Highlights

* Market data per Applied Market Information, Ltd. (“AMI”), November 2005

Confidential and Proprietary

Sprinturf’s management believes the Company is recognized in the synthetic turf industry

as a high quality supplier of all-rubber synthetic turf systems

Sprinturf collaborates with external engineers and turf suppliers to produce and develop

its synthetic turf system, Ultrablade^TM, which includes:

Proprietary installation process, with a full field drainage system

Stabilon™ turf backing to provide dimensional stability and bind the “grass” fibers

Synthetic fibrillated or monofilament “grass” fibers

100% rubber infill

Sprinturf’s customer list includes:

National Football League: Philadelphia Eagles

Major League Soccer: D.C. United

Colleges: The Ohio State University, Auburn University, the University of Pennsylvania, UCLA

High Schools: Over 150 high schools across the United States

For the 6 months ended June 30, 2006, Sprinturf generated sales of $13.6 million up

48.1% from $9.2 million for the corresponding period in 2005

Sprinturf’s business is very seasonal as approximately half of the Company’s revenues are typically

generated in the third quarter

Company Overview

Sprinturf’s synthetic “grass blades”

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INDUSTRY

OVERVIEW

Confidential and Proprietary

Washington-Grizzly Stadium,

University of Montana,

Missoula, Montana

Smith-Willis Stadium

Jackson, Mississippi

Confidential and Proprietary

The synthetic turf industry began in the early 1960’s with the advent of

AstroTurf®

Developed by a Monsanto subsidiary, it was first installed at Moses Brown School in

Providence, Rhode Island in 1964

Professional, college and high school football teams were early adopters of AstroTurf®

because of its durability and low maintenance

Drawbacks included extreme field hardness and skin abrasions caused by the turf

The “second generation” and “third generation” synthetic turf was developed in

the mid 1970’s and early 1980’s

Synthetic turf with “infill systems” were similar to a shag carpet and were filled with

particulate material

All sand infill systems tended to harden over time resulting in extreme field hardness

similar to AstroTurf ®

The “grass blades” were more thinly spaced and rubber was added to the infill mix

The “fourth generation” synthetic turf arrived in the 1990’s

Sprinturf’s patent for the essentially all rubber infill system was developed and includes a

multi-layered backing that provides the stability required for all-rubber infill systems

Improvements resulted in playing surfaces simulating the look, feel and playability of

natural grass

Industry History

Confidential and Proprietary

The synthetic turf market is segmented into athletic fields and residential and commercial

landscaping

The athletic field segment⁽¹⁾ is approximately 35-40% of the total synthetic turf market

The residential and commercial landscaping market is very fragmented

The global athletic field segment was approximately 185 million sq. ft in 2005and it has grown in

excess of 18%⁽²⁾ per annum since 2001

The global market is estimated to grow at a CAGR in excess of 14% per annum from 2005

through 2009

The Europe, Middle East and Africa (EMEA) market is the largest regional market at

approximately 70 million sq. ft in 2005 and has grown approximately 16% per annum from
2001 to 2005

The 2005 North American athletic field segment (Sprinturf’s primary market for synthetic turf)

was approximately 59 million sq. ft. and has grown approximately 27% per annum since 2001

North American athletic field segment is forecast to grow at 20% per annum from 2005 to

2009, to approximately 124 million square feet

Industry Size and Growth

(1)

The athletic field segment is defined as installations for athletic fields greater than 70,000 sq. ft. and excludes golf and tennis installations

(2)

This growth rate includes sports related installations less than 70,000 sq. ft. and includes installations for tennis, but not golf

* Market data from AMI or extrapolated from AMI data. All sq. ft. numbers were converted from sq. meters at a ratio of 10.76 sq. ft./1 sq. meter.

All Dollar amounts were converted from Euros at $1.25/ €1.00.

Confidential and Proprietary

The synthetic turf athletic field market is experiencing rapid growth because of

the:

Proliferation of multi-use athletic fields in schools, colleges and local

communities

Title IX requirements and the resulting increased in participation in

athletics by women

Durability of athletic fields allowing for significantly

increased utilization

Lower annual operating costs and

ongoing maintenance requirements

Favorable environmental aspects such as eliminating

water usage, chemicals and fertilizers

and utilizing recycled tires for the infill

Extension of the playing seasons for all sports,

including using the surface during all weather conditions

Industry Dynamics

St. Louis Cardinals’ Busch Stadium

(Bullpen)

Confidential and Proprietary

The synthetic turf market is a highly fragmented market and Sprinturf competes

with other sellers and installers of synthetic turf

3 major competitors, including Sprinturf and many small companies

Sprinturf’s management believes Sprinturf has a 10-15% market share for the sale and

installation of synthetic turf for athletic fields

Sprinturf’s major competitors include:

Fieldturf-Tarkett - Owned by Tarkett AG, a European flooring company listed on the

Frankfurt Stock Exchange (TAGG.DE)

Sportexe - Privately held company, established in 1989, based in Fonthill, Canada

Others – 5-6 mid-size competitors and over 20 other small competitors that typically install

less than 10 fields per year in their regional territory

Most of the marketers and installers of synthetic turf purchase synthetic turf from

outside suppliers

Sprinturf and other top competitors in the market work with the suppliers to develop

proprietary “grass blades” for their synthetic turf systems

Synthetic turf manufacturers are off-shoots of the carpet industry and are based almost

exclusively in Dalton, Georgia

Industry Structure / Competition

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PRODUCTS

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Northview High School

Duluth, Georgia

Auburn University, practice

field, Auburn, Alabama

Confidential and Proprietary

Sprinturf’s principal product is a synthetic turf system (turf, backing, infill and

installation package) for athletic fields. Sprinturf believes it is a pioneer in the
development of high quality synthetic turf products

Characteristics of Sprinturf’s synthetic turf include

Gmax ratings (measure of hardness) similar to natural grass in pristine condition

Drainage in the turf and the field base to allow playing in all weather conditions

Non-abrasive turf “blades” and infill to reduce scrapes and burns

Durability of turf to allow for maximum utilization over a long period of time

Ultraviolet protection of turf to maintain its natural grass color over time

Sprinturf produces its products based on the specific needs of each customer

Type of fiber

Fiber length, backing and weight

Infill type and pile height

Products

Confidential and Proprietary

Sprinturf has also developed complimentary products for its synthetic turf athletic

fields installations:

Sprinturf’s CoolFill™ and CoolSpray™ technology help reduce heat on the playing

surface

CoolFill™ reduces the temperature of playing surfaces by up to 30% by using light

colored granulated rubber infill instead of traditional materials

CoolSpray™ has a specially designed sprinkler system installed along the field’s

perimeter, which can cool a field without compromising the surface’s footing

Products

Sprinturf’s CoolFill™ -- lighter

colored rubber helps reduce field
temperatures

Confidential and Proprietary

Products

Confidential and Proprietary

Commercial and Residential

Landscaping Products

LawnScape^TM

Synthetic turf for

golf greens and
tee boxes

Synthetic mulch

SafTurf^TM

Confidential and Proprietary

BUSINESS

STRATEGY

Confidential and Proprietary

Sprinturf will seek to:

Strengthen and expand sales personnel and increase marketing exposure

Develop common sales strategy across the Company

Increase geographic reach in Southeast and Midwest regions of the U.S.

Improve relationships with consultants to the customers (i.e. architecture firms)

Improve branding and brand awareness through advertising, sponsorships and other forms of

media exposure

Pursue selective acquisitions in a fragmented market

Focus on expanding sales of specialty products to the residential and commercial landscaping

markets

Leverage brand awareness from athletic fields

Potential distributor or retail relationships

Expand installation capacity during peak season

Strengthen financial management

Improve focus on gross margin and increase benchmarking based on financial metrics

Arthur Spector, CEO of Millstream II, to continue as CEO of Sprinturf

Over 40 years of experience leading and managing businesses

Business Strategy

Confidential and Proprietary

FINANCIAL

SUMMARY

Confidential and Proprietary

Historical Financial

Summary

Summary Balance Sheet Data (unaudited)

Confidential and Proprietary

THE TRANSACTION

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Merger Consideration

Sprinturf will merge into a newly created Millstream subsidiary

Millstream will issue to Sprinturf’s sole shareholder

4,166,667 common shares in Millstream (42.7% of common stock

outstanding immediately after the closing assuming none of Millstream’s
stockholders exercise their conversion rights)

$10,000,000 in cash

If the value of the common shares is below $25,000,000 ($6.00 per share),

at the next business day after the closing of the merger then Millstream will
pay an amount in cash equal to the difference between $25,000,000 and the
market value of the shares; capped at $2,000,000

A cash earn-out equal to 2% of the increase in net sales for the calendar

years 2007, 2008 and 2009 over the net sales for the immediately preceding
year, but not to exceed $600,000 per year

Confidential and Proprietary

INVESTMENT

SUMMARY

Confidential and Proprietary

Investment Conclusions

Sprinturf operates in the fast growing synthetic turf industry, which is projected to grow

20% per annum over the next four years

Sprinturf has a history of growth, increasing sales at a CAGR of 30% from $13.2 million

in 2002 to $29.1 million in 2005

Sprinturf has a patent for an essentially all-rubber infill synthetic turf system, which has a

playing surface similar to that of a natural grass field in pristine condition

Recently acquired patent for base, shock pad and drainage system, which eliminates need for stone

aggregates in base, expected to reduce installation costs and improve safety

Sprinturf believes these are differentiating products in the market

Sprinturf believes it has a significant presence in the West Coast and Northeast regions

of the U.S.; the regions in the country with the highest population densities

Millstream II Acquisition CORP 8-K/A