Altaris Capital Partners, LLC and NewSpring Capital


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Altaris Capital Partners, LLC and NewSpring Capital agreed to acquire majority interest in Precyse Solutions, LLC from TD Capital and Liberty Partners on May 7, 2008. The transaction will occur through a recapitalization process by Altaris, NewSpring with management of Precyse. No management, operational or personnel changes will be made as part of this transaction. Michael J. Kluger, a founding partner and Managing Director of Altaris, is also a founding director of Precyse, and will retain his current position on Precyse's Board of Directors. Daniel G. Tully, a founding partner and Managing Director of Altaris, will also join the Precyse Board. Brian J. Murphy, one of Precyse's founders and Managing Director of NewSpring, will join the Precyse Board as well.