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
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
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
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
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
Las Vegas, Nevada – Allegiant Travel a ComVest portfolio company, announced today that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to the proposed initial public offering of its common stock. The shares of common stock to be sold in the offering are expected to be
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 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
Milwaukee, WI, April 12, 2006— On the strength of new sales to one of the world’s largest automotive manufacturers, to a leading appliance manufacturer, and to a large regional department-store chain, Catalyst completed its first quarter of 2006 with growth that was above expectations in license sales, services business, and overall profitability. These first quarter
SAN DIEGO, April 3 2006, Sequenom, Inc. (Nasdaq: SQNM) today announced that the amount of its previously announced private placement of common stock has been increased by $3 million to a total of $33 million. Siemens Venture Capital GmbH has agreed to join the previously announced investors ComVest Investment Partners II LLC, Pequot Private Equity
