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Since 1992, Source Capital, Ltd. has been
providing business consulting, merger and
acquisition assistance and corporate
finance advice to Pittsburgh Tag Systems,
Inc. In 1997, we advised the Company on
its merger with Liberty Business Forms and
Systems, Inc. During the past several years,
a considerable amount of post-merger
integration was needed. This resulted in the
decision to close manufacturing operations
in New York, Pennsylvania, Georgia and
California and to open a new, consolidated
manufacturing plant including a
considerable upgrade in equipment. A
private equity recapitalization was needed
to fund the restructured operations.
Since 1982, Source has offered an integrated
approach to addressing issues and
implementing solutions involving wealth
planning, growth strategy, company
capitalization, and operational effectiveness
to principal owners of privately-held,
medium-sized businesses.
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This announcement appears as a matter of record
only. July 2001
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