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Empire News: Press Release

Empire Investment Holdings Moves to New Corporate Headquarters

Fort Lauderdale, Florida, June 11, 2004 - Empire today celebrates the grand opening of its new corporate headquarters in the city of Weston. "We remain excited about keeping our corporate headquarters in South Florida," said David F. Alfonso, Empire's chairman and chief executive officer. "We believe South Florida is the right business community for our firm. It holds a talented and quality workforce, which will support the growth plans we have set forth for Empire."

"We look forward to establishing Empire as a well respected and involved member of our business community," stated Alfonso. Empire is committed to building strong relationships with the State of Florida, Broward County and the City of Weston. The company's new headquarters is located at 1565 Northpark Drive, Suite 101, Weston, Florida 33326.

Empire expects to expand its current operations over the next twelve months and plans to capitalize on the area's highly experienced talent pool and the many advantages and conveniences offered by the surrounding business community.

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 the Fortune 1000. 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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