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Tapp Technologies Announces Major Recapitalization

March 3, 2005

Tapp Technologies has announced that it has completed a major
recapitalization. A group of investors led by Pender West Capital Partners, a Vancouver, B.C. based private equity firm, holds a majority position in Tapp.

Tapp Technologies first opened its doors in 1993. Ten years later, the company acquired Adams Label & Tag, resulting in four manufacturing facilities: two in Vancouver, B.C.; one in Portland, OR; and one in Napa, CA. Tapp Technologies' principal customers are commercial wineries, and the company uses three printing processes: waterless offset lithography, flexography, and digital offset. In the past five years, Tapp Technologies has won 40 Tag & Label Manufacturers Institute (TLMI) Awards.

Pender West's investment in Tapp will be held and managed through Select Label Investments, Inc. As part of the recapitalization, Jay Tapp, founder and vice chairman of Tapp, will join Select Label Investments as president and will assist in identifying strategic acquisition opportunities in the label industry. Mike Huntsinger has been promoted to chief operating officer.
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