FOR MORE INFORMATION
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ERS Office
380 East Bayfront Parkway
Erie, PA 16507
USA
info@ersusa.com
T: 1.800.842.9923
F: 814.464.1810
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ERS Warehouse
380 East Bayfront Parkway
Erie, PA 16507
USA
traffic@ersusa.com
T: 814.464.1800
F: 814.464.1811
ERS Press Release
ERIE, PA - July 29, 2008
ERS LLC ("ERS" or the "Company"), a leading global supplier of empty printer cartridges to the imaging supplies aftermarket, today announced that it has successfully completed the recapitalization and debt reorganization of the Company led by Falcon Investment Advisors, LLC, the company"s financial sponsor.
Mike Welton, President of ERS, commented, "The completion of this recapitalization is a significant step forward for the Company. From a financial perspective, it greatly enhances our ability to serve our suppliers and customers and to execute our strategic growth plans."
About ERS
ERS is primarily a supplier and service provider for the worldwide imaging supplies marketplace. Founded in 1990, ERS has served as a respected and integral supply chain partner to aftermarket companies in the printing supplies and wireless industries. The company has developed a number of proprietary programs, applications and processes specifically designed for sourcing, sorting and identifying empty printer cartridges. ERS has procured and specifically identified over 70 million individual units since its inception.
About Falcon Investment Advisors, LLC
Falcon Investment Advisors, LLC is a private equity firm with ~$700mm under management and 17 investment professionals, specializing in subordinated debt and other junior capital financing for middle market companies. Additional information about Falcon is available at www.falconinvestments.com.