Nu Visions Manufacturing, Inc. and Golden Gate Capital Acquire Veritek Manufacturing Services, Inc

Business Wire, June 4, 2007

SPRINGFIELD, Mass. -- Nu Visions Manufacturing, Inc. and Golden Gate Capital, a San Francisco-based private equity firm with $3.5 billion under management, today announced the acquisition of Veritek Manufacturing Services, Inc. Veritek, based in San Marcos, CA with additional manufacturing facilities in San Jose, CA and Longmont, CO, provides electronic manufacturing services ("EMS") to blue chip medical, defense, gaming and industrial customers. The combined Company will have five manufacturing facilities in North America, including sites on the East Coast and West Coast as well as a low-cost facility in Mexico. Terms of the deal were not disclosed.

"The combining of these two great companies creates a leading high-mix/low volume EMS provider serving premier customers in defense, medical, industrial and other related industries," said Dan Perez, CEO of Nu Visions Manufacturing. "Customers should expect the same high level of customer service and will benefit from enhanced technical and manufacturing offerings with even greater geographic coverage."

"Both Nu Visions and Veritek have a strong history of partnership with customers that is evident by the longstanding customer relationships we have," said Keith Butler, President of Veritek Manufacturing, Inc. "The combination allows us to continue providing our customers with unwavering support while now offering greater manufacturing and service offerings across the U.S. in addition to captive low cost capacity in Mexico."

"We are excited to continue to support Nu Visions Manufacturing and the management team as it pursues its objective of being the preeminent service oriented EMS provider focused on the high-mix/lower volume segment of the market," said Prescott Ashe, Managing Director at Golden Gate Capital.

Nu Visions Manufacturing, Inc. is a leading provider of high complexity, low volume electronic manufacturing services to leading international blue-chip defense, industrial, and medical companies. With manufacturing facilities in Springfield, MA, San Marcos and San Jose, CA, Longmont, CO and Tijuana, Mexico, Nu Visions is well positioned to continue providing complex electronics manufacturing services to its customers.

About Golden Gate Capital

Golden Gate Capital is a San Francisco-based private equity investment firm with approximately $3.4 billion of capital under management. The firm is dedicated to partnering with world-class management teams to invest in change-intensive, growth businesses. Golden Gate targets investments in situations where there is a demonstrable opportunity to significantly enhance a company's value. The principals of Golden Gate Capital have a long and successful history of investing with management partners across a wide range of industries and transaction types. For more information, visit www.goldengatecap.com.