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New York | July 2006

Praesidian Helps Finance Acquisition of GE's Calibration and Repair Business

Leading Middle Market Mezzanine Firm Provides $7 Million For Recap Of Davis Inotek Instruments

Praesidian Capital Investors, a leading provider of mezzanine debt to middle market companies, has provided subordinated debt financing in the amount of $7,000,000 for the recapitalization of Davis Inotek Instruments, LLC ("Davis"), a leading distributor and manufacturer of test, measurement and control instruments, and its acquisition of GE Instrumentation Services ("GEIS"), General Electric' (NYSE: GE) calibration and repair business.

"This is a stable business with an exciting plan and strong prospects for growth," said Neil A. Marks, Managing Partner at Praesidian. "Davis' management team continues to demonstrate its ability to build significant value by executing an acquisition strategy in an attractive and highly fragmented market."

"The acquisition of GEIS is a strategic play which will make us the nation's largest network of calibration laboratories," said Lee Rudow, President & CEO of Davis. "With our broadened capabilities and strengthened national footprint of operations, Davis can now serve every major market in the US within 24 hours."

Senior debt for the transaction was provided by Merrill Lynch Capital.

About Praesidian Capital
Praesidian provides mezzanine debt to middle market companies. The firm provides capital for established, historically profitable companies, as well as for management/leveraged buyouts, recapitalizations and refinancings. Investments are focused on successful businesses in the manufacturing, distribution and service sectors, although the firm's approach is not driven by an industry focus. For more information, visit www.praesidian.com

About Davis Inotek Instruments
Founded in 1912, Davis Inotek is a world leader in distribution and calibration of test, measurement and control instrumentation. Davis, a portfolio company of JPB Enterprises, Inc., has acquired 10 companies during the past six years. Along with wholesale distribution services, the calibration side of the business includes pickup and delivery, temporary and permanent onsite, mobile and depot services. The company is headquartered in Baltimore, Maryland. For more information, please visit www.davis.com

Media Contact: Dan Jacobs
Broadgate Consultants, LLC
Phone: 212 232 2227

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