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Empire News: Press Release

Empire Investment Holdings Expands Management Team

Miami, Florida, March 4, 2010 (Business Wire) - Empire Investment Holdings ("Empire"), a private investment firm focused on the acquisition and strategic management of non-core business units, announced today a key addition to its executive management team as it continues to position the firm to execute on its investment plans. Mr. Paul H. Miller has been appointed senior vice president, mergers and acquisitions.

Mr. Miller joins Empire with responsibility for leading business development and the investment activities for the firm, which includes: origination, investment valuations and structuring, investment diligence, execution and investment strategy. Mr. Miller has more than 15 years of investment banking, business development, mergers and acquisitions and operational experience. Mr. Miller has held executive positions with The Marshall Fund, Communications Equity Associates, TUFF TV, CIBC World Markets and Oppenheimer & Co. He received his Bachelor of Science degree from Georgetown University.

"We are pleased to welcome an individual with a strong background in investment activity, executive management and operations to our firm," said David F. Alfonso, Empire's chairman and chief executive officer. "The addition of Paul further reinforces our unwavering commitment to continued growth and bolsters the firm's ability to navigate through larger and more complex transactions."

Mr. Miller’s immediate focus is on the continued expansion of Empire's diverse portfolio of companies. "We face a market primed for great opportunities, which our firm is poised to take advantage of," said Alfonso. "Paul’s experience lends well for this condition and is an asset as we begin to explore our options to raise a second fund."

About Empire Investment Holdings
Empire Investment Holdings ("Empire") is a private investment firm focused exclusively on the acquisition and strategic management of non-core business units from public and private corporations. Empire adheres to a well defined and focused acquisition strategy that is driven by the firm's history in acquiring, operating and managing over 50 corporate divestitures across several industries. Empire's approach is specialized in addressing the complexities of acquiring non-core business units, as well as ensuring post close business continuity. Today, Empire’s portfolio is comprised of 7 operating companies, serving over 10,000 customers worldwide, with an international footprint of 25 facilities encompassing over one million square feet of space and over 1,000 employees.


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