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Telecorps Communications, Backed by H.I.G. Capital, Acquires Coffey Sound

BURBANK, Calif. — April 10, 2007 – H.I.G. Capital, a leading Miami-based private equity firm, and Telecorps Communications today announced the acquisition of Coffey Sound, a Hollywood, Calif.-based company that has served the audio industry for nearly two decades. Coffey Sound rents, sells, and repairs audio equipment for the film and television industry, and has established itself as a key player in the industry through its early adoption and support of forward-looking audio technologies.

“We‘re very pleased to be partnering with Coffey Sound, a well-established and highly regarded company within California‘s audio production industry,” said Rob McConnell, CEO for Telecorps Communications. “The knowledge, experience, and reputation of Coffey Sound will be critical to our goal of building a strong presence as a provider of equipment and engineering expertise to the production and post-production markets.”

“The financial backing provided through Telecorps will give us the freedom to grow our company infrastructure while continuing to add value through a personal investment in every client,” said John Coffey, president of Coffey Sound. “We‘ve always been dedicated to providing our customers with the tools they need to do their jobs well, and today we‘re positioned to serve the professional audio community better than ever.”

Telecorps is comprised of three broadcast industry veterans with over 120 years of experience in media and media technology. With the financial backing of H.I.G. Capital, the company is pursuing its focus on acquiring leading companies servicing the media and entertainment industries.

The acquisition of Coffey Sound follows a month after the company‘s acquisition of Wexler Video, Hollywood‘s leading video production equipment rental company. At Coffey Sound, John Coffey will remain in his role as president of the company.

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About H.I.G. Capital
H.I.G. Capital, LLC is a leading private equity and venture capital investment firm with more than $3 billion of equity capital under management. Based in Miami, and with offices in Atlanta, Boston, and San Francisco, H.I.G. specializes in providing capital to small and medium-sized companies with attractive growth potential. H.I.G. invests in management-led buyouts and recapitalizations of profitable and well-managed manufacturing or service businesses. H.I.G. also has extensive experience with financial restructurings and operational turnarounds. Since its founding, H.I.G. has completed in excess of 70 transactions. The firm currently has a controlling interest in more than 40 companies with combined revenues in excess of $5 billion. For more information, please refer to the H.I.G. Web site at www.higcapital.com.

About Coffey Sound
Coffey Sound was founded in 1988 and sells, rents, and repairs audio equipment for the film and television industries. Coffey Sound has grown to be a major player in other areas of the audio industry as well and focuses on audio workflow solutions. The company has earned a permanent place in audio history as one of the early supporters of nonlinear recording techniques. Today, Coffey Sound continues to help others do what they do well by learning the latest complicated procedures and products first so that their customers can concentrate on doing their jobs without problems. www.coffeysound.com

About Telecorps Communications
Telecorps Communications is an acquisition company focused on acquiring companies servicing the media and entertainment industries. Telecorps is comprised of industry veterans; the founders have over 120 years of experience in media and media technology. Its executives include Robert F. McConnell, CEO, with over 35 years of operating and executive management experience in the broadcast and technology sectors, serving most recently with Encoda Systems, and many years with McGraw-Hill Broadcasting. David W. Carfolite, EVP, has 32 years of sales and operations experience with McGraw-Hill, Ellis Communications, and Clear Channel Communications and was most recently the VP General Manager of GE Media Inc. Jim Rosenfield, Senior Advisor, has been President of the CBS Television Network, Chairman and CEO of John Blair Communications, a past Chairman of the Advertising Council, President of the International Radio and Television Society, and a lifetime fellow of the International Council of the National Academy of Television Arts and Sciences. www.telecorps.com

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