NEP Acquires Stock of New Century Productions

Tue Jan 8, 2008 1:56pm EST

* Reuters is not responsible for the content in this press release.

NCP, NEP Management Invest in New Holding Company with American Securities
Capital Partners

PITTSBURGH, Jan. 8 /PRNewswire/ -- NEP Broadcasting, the leading
international provider of outsourced teleproduction services critical to the
delivery of live sports and entertainment events, today announced it has
acquired the stock of New Century Productions of Allentown, PA.  NCP and NEP
management will co-invest with an investment affiliate of American Securities
Capital Partners LLC in a new holding company that will own New Century
Productions and all the domestic and international operating divisions of NEP
Broadcasting.  ASCP is a New York based middle market private equity firm.
    "NCP is a full-service remote video production company that perfectly
complements NEP's strategy to be the market-leading teleproduction services
company in its industry, providing the broadest ranges of services and best
execution to its customers," said Marc Saiontz, Managing Director, ASCP.
    NCP will continue to operate under the NCP brand from its offices in
Allentown, PA with its current staff providing service and support for their
clients.  Mike Werteen will be promoted to Senior Vice President and General
Manager and be directly responsible for the division's operations.  NCP co-
founder Barry Fisher will join the board of directors of the new parent
company.
    New Century Productions began operations in 1984, with a single truck
serving the regional sports market.  Today NCP owns and operates 5 High
Definition and 5 Standard Definition televisions trucks providing coverage of
NFL, MLB, NBA, NHL, NCAA events for ESPN, CBS, FOX, CSTV, MASN, Comcast
SportsNet.  NCP's signature events include Sunday Night Baseball, World
Series, US Open Tennis and the NCAA Basketball Final Four.
    NCP Founder Richard C. Dean said, "We began NCP with the cooperation of
then NEP President and Founder Tom Shelburne in 1984.  Frankly those deep
historic relationships paved the way for this transaction.  We looked closely
at their business model allowing companies they have acquired to remain
largely autonomous.  We believe this is the reason NEP companies like
Screenworks, Studios and Visions remain industry leaders."
    NEP Broadcasting's four divisions are ranked first in each of their
respective industry segments.  NEP Supershooters and its Denali unit is the
industry gold standard with the largest, most technically advanced fleet of
mobile production facilities supported by world class broadcast engineers.  In
the United Kingdom, NEP Visions and Roll To Record are the leaders in sports
and entertainment mobile broadcasting and reality television facilities
respectively.  NEP Screenworks is the foremost provider of modular LED screens
and mobile screen trucks for live entertainment and sports events.  NEP
Studios is the #1 provider of independent television production studios and
services in New York City. American Securities acquired a majority interest in
NEP in February 2007.
    NEP CEO, Lou Borrelli says, "This deal makes perfect sense.  The combined
companies will create the global leader in live television production with 25
HD and 25 SD mobile units based in the US and UK, all supported by the
industry's best mobile television engineering group.   NCP customers will
enjoy the best of all worlds - dealing with the same great NCP team now backed
by the full technical resources and assets of NEP."
    NCP will roll a new HD truck, NCP XI in April, 2008 - the first
collaboration between design gurus Mike Mundt of NCP and Howie Naugle of NEP.
The unit will be built by the NEP Systems Integration Group.  NCP is also
developing a new 20,000 sq ft field shop in Allentown that will be ready for
occupancy in the first half of 2008.
    NEP provides management, technology and support for major broadcast
networks, production companies and entertainment organizers for events such as
the Super Bowl, The Academy Awards, English Premier League Football, Emmy
Awards, The Daily Show with Jon Stewart, The Colbert Report, FA Cup, Champions
League, Olympic Games, NASCAR, Asian Games, WWE Wrestling, FIFA World Cup,
Wimbledon and French Open Tennis, Grammy Awards, US and British Open Golf, The
People's Court, Sesame Street and The Rolling Stones.
    More information on NEP Broadcasting can be found at www.nepinc.com.
    More information on New Century Productions can be found at
www.ncpvideo.com.
    About American Securities Capital Partners, LLC:
    American Securities is a private investment partnership that makes equity
investments in profitable companies, both privately and publicly held,
primarily located in the United States and Canada.  The firm traces its roots
to the family office founded in 1947 by William Rosenwald to invest and manage
his share of his family's Sears, Roebuck & Co. fortune.
    American Securities focuses on investing in market-leading businesses with
annual revenues ranging between $100 million and $500 million in partnership
with management teams.  Investments are funded from nearly $4 billion of
committed capital, which is managed on a discretionary basis.  The Rosenwald
Family, numerous similarly minded high net-worth families and entrepreneurs,
and a select number of sophisticated institutional investors provide the
firm's capital.  More information on American Securities can be found at
www.american-securities.com.
SOURCE  NEP Broadcasting

Terence Brady of NEP Broadcasting LLC, +1-412-820-6030; or Marc Saiontz of
American Securities Capital Partners LLC, +1-212-476-8082; or Barry Fisher,
New Century Productions, +1-888-887-3627
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