ComVest Completes $72 Million Take-Private with Zomax

West Palm Beach, Florida, October 20, 2006 – The ComVest Group has acquired Zomax Inc. (”Zomax”) in an all cash transaction valued at $72 million, or approximately $2.09 per share. “ComVest has experience as an investor in the supply-chain management industry and we are pleased that they have chosen to further their commitment in the

ComVest Purchases Stonepath Logistics International for $17.9 Million

West Palm Beach, Florida, October 20, 2006 – The ComVest Group announced that it has completed the purchase of Stonepath Logistics International Services, Inc. (“SLIS”), a division of The Stonepath Group (AMEX: STG), for aggregate consideration of $17.9 million. ComVest expects to finalize the purchase of the Stonepath Logistics (Germany) GmbH unit, for a proposed

ComVest Provides $4 Million Long-Term Debt Financing to Alanco Technologies, Inc.

West Palm Beach, Florida, October 3, 2006 – The ComVest Group, through its non-control investment fund, ComVest Capital, announced it will provide a $4.0 M term loan to Alanco Technologies, Inc. (NASDAQ: ALAN), to repay short-term notes and provide working capital to fund operations. Headquartered in Scottsdale, AZ, Alanco is a leading provider of wireless

ComVest signs Definitive Agreement to Acquire Stonepath Unit(s) for $18 million

West Palm Beach, Florida, September 6, 2006 – The ComVest Group announc ed today that it has sign ed a definitive agreement with The Stonepath Group (AMEX: STG), to purchase Stonepath Logistics International Services , Inc. (“SLIS”) and also expects to finalize the agreement to purchase the Stonepath Logistics (Germany) GmbH unit, for a propos

ComVest Enters Into $68 Million Definitive Merger Agreement With Zomax

West Palm Beach, Florida, August 9, 2006 – The ComVest Group announced today that it has entered into definitive agreement under which they will acquire Zomax in an all cash transaction valued at $68 million, or approximately $2.09 per share. “ComVest has experience as an investor in the supply-chain management industry and we are pleased

IT&E International Signs $25m Merger Agreement With Averion Forming World Class CRO

Merger Creates World-Class CRO With Decades of Clinical Trials Support; Strengths in Oncology, Dermatology, Nephrology, and Medical Device Trials BOSTON, MA and SAN DIEGO, CA Jul 6, 2006, IT&E International Group, Inc. (OTC BB:ITER.OB), a life sciences service organization and full-service clinical research organization (“CRO”), today announced that it has entered into an Agreement and

ComVest Leads $33m Investment in Sequenom, Siemens, Pequot, and Lehman Participate

San Diego, Sequenom, Inc. (Nasdaq:SQNM) today announced that its stockholders have approved the Company’s private placement financing to raise gross proceeds of $33 million through commitments from ComVest Investment Partners II LLC (“Comvest”), Pequot Private Equity Fund IV, L.P. (“Pequot”), LB I Group, Inc. (an affiliate of Lehman Brothers), and Siemens Venture Capital GmbH. The

ComVest Announces a $12 Million Investment Into UCN Inc. (UCNN)

Salt Lake City, UT – May 9, 2006 – UCN, Inc. (OTC.BB:UCNN), announced today that the Company entered into a revolving credit and term loan agreement with ComVest Capital on May 5, 2006. Under the terms of the agreement ComVest has agreed to loan up to $7.5 million under a revolving credit note and $4.5

IT&E International Appointments Alastair McEwan as Chief Executive Officer

IT&E International Group, Inc. Announces Appointment of Interim Chief Executive Officer Tuesday May 2, 8:10 pm ET SAN DIEGO, CA, May 2, 2006 IT&E International Group, Inc. today announced that it is progressing with its strategy to grow organically and by acquisition in the CRO sector. To this end, it is pleased to announce that