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2016-02-17

PSAV: PSAV® Completes Acquisition of KFP Holding GmBH

CHICAGO, Feb. 17, 2016 (GLOBE NEWSWIRE) -- PSAV has closed the previously announced purchase of KFP Holding GmBH, a leading provider of creative and event technology services based in Frankfurt, Germany.

KFP provides a broad suite of conference and event technology services,
including creative event management and content production solutions for over
30,000 annual events in 100+ venues primarily in Germany, Austria,
Switzerland and Hungary. KFP has been a leading provider in the marketplace
for nearly 20 years. They have a celebrated track record of supplying event
technology and communications services to hotels, corporations and meeting
and event agencies.

The transaction strengthens PSAV's leadership position in Europe by adding a
highly talented team with strong customer and venue partnerships, while
providing KFP the opportunity to enjoy the benefits of our global scale and
innovative technology.

"Today is an exciting step forward for PSAV and KFP. The combination will
allow us to further capitalize on the increasing global customer demand,"
stated PSAV President and CEO Mike McIlwain. "This transaction is consistent
with our strategy to expand our international presence and to enhance our
ability to serve our customers and venue partners in key markets."

"I am thrilled for our organization to be joining forces with PSAV, a global
leader in the event technology services industry. The combination of the
businesses will create tremendous value for our customers and venue
partners," said KFP's CEO Klaus Flettner.

About PSAV®

PSAV is a leading provider in the global event technology services industry.
As the event technology provider of choice at leading hotels, resorts and
convention centers, our customers look to deliver more dynamic and impactful
meetings and events. PSAV's customers comprise event organizers,
corporations, trade associations and meeting planners, and they choose PSAV
for its innovative and comprehensive service offerings, exceptional customer
service and global platform. PSAV employs more than 7,500 highly trained
staff across 1,300 venues throughout the U.S., Canada, the Caribbean, Mexico,
Europe and the Middle East. Visit us at www.psav.com
andhttp://company.psav.com.
Contact:

Andee Oleno
480.905.3445
aoleno@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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