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Press Release Archive

Trinity acquires 51% of APEX AVSI

News Release – May 3, 2006

(Calgary, Alberta) The young management team of one of Canada’s leading audio visual systems integration companies completed a transaction today that will add significant financial strength and board of directors’ expertise.  Jeff Faber, President and CEO of Apex AVSI welcomed Stan Owerko as Chairman, as well as Keith Turner and Nigel Richardson as directors as part of a 51% acquisition of shares by Trinity Capital Canada LP. 

It was “business as usual” when the new ownership and board structure was announced to staff across Canada via video conference.  Staff  were addressed by Stan Owerko, who welcomed them to the Meridian/Trinity “family”.

The six member ownership group and management team of Apex AVSI acquired the privately held company from the original founders in 2003, and successfully executed a turn-around that has brought significant profitability and growth through 2005/2006.

“We began looking for a potential financial partner late last year who could help us grow, particularly through acquisitions,” explained Faber.  As part of the transaction, Apex AVSI signed a long term financial advisory services agreement with Meridian Merchant Capital Canada Ltd., arrangers of the financing and facilitators of the transaction.

Keith Turner, Managing Director of Meridian, called the deal “a match made in heaven.”

“Here you have a classic case of a young management team that has worked hard and effectively over the past three years to re-build and re-focus the company,” explained Turner.  “Now they want to move to the next level and become the dominant player in their industry in Canada.  With the financial strength of Trinity, combined with the expertise of Meridian, we believe Apex AVSI is now positioned to become the market leader through a series of strategic acquisitions and denovo growth.”

Apex AVSI is one of Canada’s leading innovators in audio visual systems integration.  Specializing in the corporate, government, and educational institutions markets, Apex AVSI provides the latest technology in integrated audio visual presentation equipment and systems.  The company creates, designs, installs, and services multimedia systems for Corporate Boardrooms, Training Facilities, Control Rooms, Classrooms, Executive offices, Auditoriums, Public Display areas, and any space where clients need to present with impact.

For more information visit www.apexavsi.com or www.meridiancanada.com or contact Randy Lennon at 403-538-2130.