Press Releases

ICV Capital Partners Acquires a Portfolio Company of Pacific Equity Group, Press-A-Print International Leading Business Opportunities Provider Creates Programs for Customers to Start Their Own Promotional Products Business

New York, October 11, 2007 – ICV Capital Partners, LLC ("ICV"), a New York-based private equity investment firm, announced today that it has acquired Press-A-Print International LLC, a leading provider of non-franchise business opportunities that enable customers to create their own promotional products company. Founded in 1992, Press-A-Print provides customers seeking business opportunities with turnkey investment programs for creating their own promotional products company. Press-A-Print's investment programs offer a complete business platform, consisting of a comprehensive range of equipment, supplies, training and services for creating, managing and growing a promotional products business. In addition to providing industry-leading equipment for promotional products companies, Press-A-Print offers a range of entrepreneurial services, including lifetime customer service, marketing services, and purchasing and outsourcing programs. The Company is headquartered in Idaho Falls, ID.

Press-A-Print generates annual revenues in excess of $18 million and has approximately 3,000 operators in its network.

ICV recently completed raising its oversubscribed $313 million fund, ICV Partners II, for which Press-A-Print is the second platform investment.

Press-A-Print was advised by Barrington Associates, a leading investment banking firm headquartered in Los Angeles. Kirkland & Ellis LLP served as legal advisors to ICV, and Churchill Financial LLC provided senior debt financing for the transaction.