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Wexler Video and Panasonic Sign Production Rental House Purchase Agreement

BURBANK, Calif. — April 12, 2007 – Wexler Video, Hollywood‘s leading video production equipment rental company, has been extended a production house purchase agreement by Panasonic Broadcast & Television Systems Company (PBTSC), a unit of Panasonic Corporation of America. The agreement establishes a direct relationship between the two companies, providing Wexler Video with strategic discounts on rental equipment purchases and ensuring that PBTSC production products are readily available to Wexler‘s clients on a rental basis.

“We‘re very pleased that, based on our past purchasing levels and future forecasts, Panasonic has chosen to offer us a preferential purchase agreement,” said Chris Thompson, Wexler Video president. “Panasonic is a leader in developing innovative solutions for the professional broadcast industry, and through a direct relationship with the company, we‘ll be even better equipped to provide top-quality solutions to the production market. This is an exciting step forward for our company and one that promises to benefit our company and clients.”

Wexler Video and PBTSC have entered into the agreement for an indefinite term, and going forward, Wexler‘s discount will apply to purchases from the DVCPRO and P2 families of SD and HD cameras, as well as to A/V mixers, studio and convertible cameras in SD and HD, LCD monitors, and plasma displays.

In addition to strategic discounts, the agreement with PBTSC provides Wexler Video with prompt-payment discount terms, the option to participate in seed programs promoting new product introductions, discounts on parts purchases, a cooperative advertising allowance, software upgrades and operational product training at no charge, account manager support, and PBTSC Web site support.

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About Wexler Video
In business for more than 25 years, Wexler Video offers one of the nation’s largest inventories of broadcast equipment and provides the highest level of customer service and engineering expertise. Wexler is the only rental house to offer collaborative workflow solutions for every phase of production. Wexler is strongly committed to new technology investment and is known for its innovations in microwave signal transmission, infrared cameras, and supplying and supporting equipment for prestigious projects around the globe. The parent company of Wexler Video is Telecorps Communications. Further information is available at www.wexler.tv.

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Stay up to date on the latest technology news. Select press representatives post company news several times a day. Check back often to get the latest news on product releases, mergers and acquisitions, and product applications. To be included in this virtual press conference, please contact The Wire.

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