Announcement of New CEO ofUtrecht Art Supplies

CRANBURY, N.J.--(Business Wire)--
Utrecht Art Supplies announced today that Mr. Michael Ippolito joined the
company as the new CEO.

Utrecht is a retailer of fine arts supplies with 37 stores nationwide. Utrecht
also manufactures its own proprietary line of oil-based and acrylic paints out
of a facility in Brooklyn, NY. Founded in 1949, the Utrecht brand is well-known
and well-regarded among artists, both for its retailing expertise and assortment
and the quality of its proprietary paints.

Michael Ippolito has over 20 years of senior level experience across retail
management, e-commerce, direct marketing and merchandising. Prior to joining
Utrecht, Mr. Ippolito served as President of Ballard Designs Inc., a division of
Cornerstone Brands specializing in home furnishings. He has also served as
President of Domestications Catalog specializing in home furnishings as well as
Senior Vice President of Popular Club Plan, a division of J. Crew.

Mr. Ippolito stated "I am excited about the growth opportunities at Utrecht
across all channels of distribution and look forward to working with the team to
make us the brand leader in our space."

Mr. Stephen Lebowitz, Managing Director at Topspin LBO, the majority owner of
Utrecht, said, "Mike is the perfect choice to lead Utrecht. His experience
across all channels of distribution will serve Utrecht well as we continue to
grow our business."

Topspin LBO

Topspin LBO is a $132 million, Long Island, NY-based private equity fund that
makes control investments in profitable and established small businesses. The
firm often invests in sectors such as consumer products, niche manufacturing,
food/beverage, retail, business services, and security. The team at Topspin LBO
has considerable operations expertise and has partnered with management teams in
building businesses of varying stages and sizes, both at Topspin as well as
prior firms. Additional information on Topspin LBO can be found at
www.topspinlbo.com.

Documents and/or Photos available for this release: Announcement of New CEO of
Utrecht Art Supplies

To view supporting documents and/or photos, go to www.enr-corp.com/pressroom and
enter Release ID: 225896

Topspin Partners
Grace Cipriano, 516-625-9400
gcipriano@topspinpartners.com

Copyright Business Wire 2009