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Carousel Signs Letter of Intent to Acquire A/V Integrator OmniPresence

EXETER, R.I. Feb. 8, 2011 Marlborough, MA

http://photos.prnewswire.com/prnh/20110110/NE25947LOGO

By acquiring OmniPresence, Carousel significantly increases its capacity to incorporate collaborative A/V elements into a broad range of installation opportunities. According to The Enterprise Strategy Group, 19% of end-users responding ESG’s most recent IT Spending Intentions survey cited both Unified Communication (integrated IP telephony, voice-mail, e-mail, video, instant messaging) and Remote Meeting Solutions (videoconferencing, TelePresence, web meeting) as an area for significant investment in 2011. OmniPresence, which was founded in 2002, has a customer base of approximately 2,500 end users.

James Marsh

OmniPresence established itself in the market by providing high-end expertise in video conferencing solutions. During the last several years, the company increased its focus on designing and installing systems including high definition, custom touch panels and networked A/V solutions, firmly establishing the company in the A/V systems integration space. The company specializes in multi-site installations for enterprise customers.

Timothy Hill

Marlborough, MA.

Jeff Hine, Sr. Analyst for The Enterprise Strategy Group commented, "Carousel continues on an aggressive path of both organic and acquisitive growth.  Integrators who capitalize on market conditions and leverage their strength to acquire new capabilities and expand into new markets will solidify their leadership positions in the coming years.  Acquiring OmniPresence puts Carousel in this leadership position"

Westwood, Mass. Farmingdale, NY Atlanta Canton, Mass. Canada

About Carousel

$200 million

Exeter, RI www.carouselindustries.com

SOURCE Carousel Industries, Inc.

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