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Press Room
Signature Special Event Services Acquired by TVI Corporation
-- Acquisition Strengthens Company's Offerings for Its Clients --
FREDERICK, MD., November 1, 2006 – Signature Special Event Services (www.EventServices.com),
North America’s leading full-service event rental company, announced today it's
acquisition by TVI Corporation (NASDAQ: TVIN), a global supplier of rapidly
deployable first receiver and first responder systems. With an employee base of
approximately 150 persons and historic revenue at levels similar to TVI, the
acquisition doubles the size of TVI.
“We at Signature are thrilled to be joining the team at TVI,” said Tom Brown,
former president of the acquired company and new president of Signature Special
Event Services, Inc., the new wholly owned subsidiary of TVI. “TVI is a major
player in the Homeland Security and First Responder, First Receiver industries.
Through Signature's Government & Military Services Division; we are able to
expand shelter and equipment offerings to that market segment. Additionally,
Signature's event rental equipment and services along with a prestigious client
base bring a new set of offerings and markets to TVI.”
Richard V. Priddy, President and Chief Executive Officer of TVI Corporation
added, “This is a momentous occasion for TVI and Signature, as well as our
customers, partners and shareholders. Signature has an outstanding team of
employees and we welcome them into the TVI family. With the addition of
Signature’s talented staff and its recognized leadership in providing temporary
structures and a wide variety of support equipment to a broad range of markets,
we are well equipped to expand our role in the temporary shelter system
marketplace. We intend to leverage both companies leading brand names,
distribution strengths and customer synergies to ensure this transaction builds
significant long-term value for TVI’s shareholders.”
A Continued Commitment to Event Excellence
Signature Special Event Services remains steadfastly committed to its corporate,
social and sporting event clients. The acquisition provides strong financial
backing, an increased catalog of equipment and additional experienced personnel
to support a continued commitment to customer service excellence. The executive
management team of Tom Brown, Cathy Montez, Michelle Pender, Dennis Remsberg and
the entire Signature team will continue to bring the high level of customer
service that defines our industry.
About Signature Special Event Services
Signature Special Event Services is North America’s leading full-service event
rental company, serving the government, corporate, sporting and social event
industries. The company services and supports a wide-range of event rental
equipment, including temporary and mobile structures, flooring, lighting,
climate control, power generation and distribution, and kitchen facilities,
including cooking and catering equipment. Based in Frederick, Maryland, with
offices throughout the U.S., Signature Special Event Services has been a trusted
provider for such prestigious clients as the US Open, the Professional Golfer's
Association (PGA), Honda, the U.S. Military, the American Red Cross, FEMA,
Florida Power & Light and BellSouth. Learn more at
www.EventServices.com.
About TVI Corporation
TVI Corporation, located in
Glenn Dale, Maryland, is a global supplier of rapidly deployable first receiver
and first responder systems for homeland security, hospitals, the military,
police and fire departments, and public health agencies. The Company designs,
fabricates and markets products and systems both through distributors and
directly to end-users and OEMs. These systems include chemical and biological
decontamination systems, infection control systems, and powered air respirator
systems for individuals. The Company’s core systems are fabric shelter
structures, which employ the Company’s proprietary articulating frame. The
Company also sells a line of thermal products, which includes targets, IFF
(Identification Friend or Foe) devices, beacons and markers, and decoys.
During the past several years, TVI’s product line has expanded to include
Chem/Bio Isolation systems for hospitals and first responders, trailerized first
responder products, crime scene investigation systems for police, and mobile
hospitals. TVI’s products, and others of their kind, represent integral
components of a standard decontamination process.
The TVI designation is a trademark of TVI Corporation. All other company and
product names mentioned above are trade names and/or trademarks of their
respective owners. For more information concerning TVI, please visit the Company
at: www.tvicorp.com. This reference to the TVI website is an active textual
reference and the contents of the site are not part of this press release.
“Safe Harbor” Statement under the Private Securities Litigation Reform Act
of 1995
This press release contains certain forward-looking statements within the
meaning of the United States Private Securities Litigation Reform Act of 1995
that involve expectations, beliefs, plans, intentions or strategies regarding
the future. These statements may be identified by the use of forward-looking
words or phrases such as “should”, “anticipates”, “believes”, “expects”, “might
result”, “estimates” and others. These forward-looking statements are based on
information available to TVI as of the date hereof and involve risks and
uncertainties and are not guarantees of future performance, as actual results
could differ materially from our current expectations. Such risks and
uncertainties include achieving order and sales levels to fulfill our revenue
expectations; expected costs or charges, certain of which may be outside our
control; the time and costs involved in the research, development, marketing and
promotion for our products; the possible cancellation or non-fulfillment of
existing orders or distributor commitments for our products; our ability to
respond to customer needs and other changes in the counter-terrorism, military,
public safety and first responder and first receiver communities; our ability to
maintain and manage our growth; difficulties in integrating the operations,
technologies and products of any businesses we have acquired and may acquire;
general economic and business conditions; adverse changes in governmental
regulations; the possibility that our products contain unknown defects that
could result in product liability claims; and competitive factors in our markets
and industry generally. Numerous other factors could cause or contribute to such
differences, including, but not limited to, those set forth in the Company’s
Annual Report to Stockholders, periodic reports, registration statements and
other filings made with the Securities and Exchange Commission. Readers are
cautioned not to place undue reliance on these forward-looking statements, which
speak only as to the date of this press release. We assume no obligation to
update any such forward-looking statements, whether as a result of new
information, future events or otherwise.
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