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2015-04-28

PSAV: PSAV(R) Acquires AVC Live

SCHAUMBURG, Ill., April 28, 2015 (GLOBE NEWSWIRE) -- PSAV announced today it
has acquired AVC Live, a specialist technical production company with a
presence in London and the South East of the UK. AVC is a market leader in
providing audiovisual and production services to hotels and venues and has an
impressive client base throughout numerous sectors, spanning 34 years of
operation.

PSAV continues to seek growth in the international marketplace, as well as
developing the right partnerships; thus the acquisition of AVC. With PSAV's
reputation of five-star service and AVC's high-end production capabilities,
the two companies provide a perfect match to achieve PSAV's goals. Clients
will benefit from the expanded resources in the UK market including increased
access to specialized technicians, consultative sales, creative services and
advanced equipment, as well as legendary customer service.

"The entire PSAV family is extremely excited to welcome AVC to our group.
Their strong market presence in the UK complements our growth efforts in
Europe, while also being a strong partner due to their solid reputation in
providing audiovisual services, event scenery and digital offerings," said
PSAV President and CEO, Mike McIlwain. "With this partnership, we will be
able to provide our customers more resources in more places throughout the
world."

AVC's CEO, Patrick Hill, who will assume the new role as PSAV's European
Managing Director, stated, "These are exciting times ahead. This acquisition
offers a combined resource and wealth of experience. This allows us to offer
our clients a competitive, consistent and seamless proposition irrespective
of location. I am looking forward to joining the PSAV family and developing
the PSAV portfolio throughout Europe."

Due to AVC's similar culture and business structure, it will continue
operating as AVC in the UK at this time. The operational structure and
leadership team at AVC will remain in place to assist with the transition and
manage client relationships.

PSAV has been setting the standard for event technology services within the
hotel, resort and conference center industry since 1937. This strategic
accomplishment has been made through the use of unparalleled local resources
throughout the world servicing the corporate, association, tradeshow and
special event industries. PSAV's services include audiovisual support, as
well as video mapping, creative services, 3-D rendering and CAD support,
stage design, production, rigging, power, virtual meetings, simultaneous
interpretation, internet and network support. Through a spirit of hospitality
and technology innovation, PSAV has been delivering flawless events with
ingenuity and inspiration for over 78 years.

About PSAV
®

PSAV provides legendary service and innovative technology to create memorable
experiences for planners, producers and customers across the corporate,
association and special event markets. Combining local expertise and the
broadest array of event technology, PSAV offers more resources in more places
than any other audiovisual partner. PSAV employs more than 5,000 full-time,
highly trained professionals in 1,400 destination resorts and hotels
throughout the U.S., Canada, Caribbean, Mexico, Europe and the Middle East.
www.psav.com
Andee Oleno

(480) 905-3445
aoleno@psav.com
www.psav.com

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: PSAV via Globenewswire

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