Acument Global Technologies, Inc. Announces New Terms for Its Tender Offer and Consent Solicitation for Its Senior Secured Floating Rate Notes Due 2014.

TROY, Mich. -- Acument Global Technologies, Inc. (the "Company"), formerly known as TFS Acquisition Corporation, announced today new terms for its previously announced cash tender offer for all of its outstanding Senior Secured Notes due 2014 (CUSIP Nos. 88322C AA7 and U8833 UAA4) (the "Notes"). In conjunction with the tender offer, the Company is soliciting consents from holders of the Notes to effect certain proposed amendments to the indenture governing such Notes and to terminate the registration rights agreement relating to such Notes. The tender offer and consent solicitation are being made pursuant to an Offer to Purchase and Consent Solicitation Statement, dated as of December 12, 2006 (which amends and restates the Offer to Purchase and Consent Solicitation Statement, dated as of November 16, 2006, which was previously distributed to holders of the Notes), and a related Consent and Letter of Transmittal, dated as of November 16, 2006.

The Company also announced today that as of 5:00 p.m., New York City time, on December 11, 2006, it has extended the consent payment deadline for the tender offer and consent solicitation to 5:00 p.m., New York City time, on December 15, 2006 (as such time and date may be further extended, the "Consent Payment Deadline").

The tender offer and consent solicitation will expire at 5:00 p.m., New York City time, on January 16, 2007, unless extended in accordance with the terms of the tender offer and consent solicitation (the "Expiration Date"). If the Company elects to extend the Expiration Date past April 30, 2007, the interest rate on the Notes will increase from the London Interbank Rate plus 7.50% to the London Interbank Rate plus 8.00%. In addition, the Company may, at any time prior to 9:00 a.m., New York City time, on June 1, 2007, extend the Expiration Date to June 30, 2007 in exchange for a payment of $2.50 per $1,000.00 principal amount of the Notes, payable to holders who validly tender their Notes and provide their consents to the proposed amendments to the indenture governing the Notes and to the termination of the registration rights agreement relating to the Notes prior to the Consent Payment Deadline. Such payment will be made promptly following the Company's issuance of notice of such extension. The Expiration Date may not be extended past June 30, 2007.

Holders who validly tender their Notes and provide their consents prior to the Consent Payment Deadline shall receive the total consideration equal to $1,040.00 per $1,000.00 principal amount of the Notes, which includes a consent payment of $40.00 per $1,000.00 principal amount of the Notes, plus any accrued and unpaid interest on the Notes up to, but not including, the settlement date. If the minimum tender condition has been satisfied and the requisite consents are received on or prior to the Consent Payment Deadline, $10.00 of the consent payment will be paid promptly following the Consent Payment Deadline (and shall not be refundable) and $30.00 of the consent payment will be paid on the settlement date if the Notes are accepted for payment. Holders of Notes tendered after the Consent Payment Deadline will not receive a consent payment.

The purchase price for Notes that are validly tendered after the Consent Payment Deadline but on or prior to the Expiration Date will be equal to $1,000.00 per $1,000.00 principal amount of the Notes, plus any accrued and unpaid interest on the Notes up to, but not including, the settlement date.

Except in certain circumstances, Notes tendered and consents delivered may not be withdrawn or revoked after the Consent Payment Deadline.

In connection with the tender offer, the Company has agreed that it will not exercise its right under the indenture governing the Notes to redeem all or a portion of the Notes at any time prior to December 29, 2006 for a redemption price equal to 102% of the principal amount thereof.

The proposed amendments to the indenture governing the Notes would (i) eliminate most of the indenture's principal restrictive covenants, (ii) change the time by which the Company must provide its annual report for the year ended December 31, 2006 to the holders of the Notes from 90 days after December 31, 2006 to 120 days after December 31, 2006 (the "Reporting Provision"), (iii) provide for the increased interest rate on the Notes if the Company elects to extend the Expiration Date as described above (the "Interest Rate Provision") and (iv) amend certain other provisions contained in the indenture. Among other things, the termination of the registration rights agreement would eliminate the Company's obligation to offer to exchange the Notes for publicly registered notes. Adoption of the proposed amendments and termination of the registration rights agreement require the consent of the holders of at least a majority of the aggregate principal amount of the Notes. Holders who tender their Notes will be required to consent to the proposed amendments and the termination of the registration rights agreement and holders may not deliver consents to the proposed amendments and the termination of the registration rights agreement without tendering their Notes in the tender offer. The proposed amendments to the indenture, other than the proposed amendments to the Reporting Provision and the Interest Rate Provision, will become effective upon execution and delivery of a Supplemental Indenture by the Company and the Trustee, but will not become operative until the Notes are accepted for payment by the Company pursuant to the tender offer and consent solicitation. The proposed amendment to the Reporting Provision will become effective and operative upon execution and delivery of a Supplemental Indenture by the Company and the Trustee. The proposed amendment to the Interest Rate Provision will become effective only if the Company elects to extend the Expiration Date as described above. The termination of the registration rights agreement will not become operative until the Notes are accepted for payment by the Company pursuant to the tender offer and consent solicitation. If the tender offer and consent solicitation are terminated or withdrawn, or the Notes are not accepted for payment for any reason, neither the proposed amendments to the indenture (other than the proposed amendment to the Reporting Provision) nor the termination of the registration rights agreement will become operative.

The Company has agreed to pay the reasonable legal expenses of certain holders of the Notes incurred by such holders in connection with negotiating the new terms of the tender offer and consent solicitation set forth herein.

The tender offer is subject to several conditions, including, among other things, the Company's receipt of proceeds from a new issuance of debt securities or a new second lien credit facility, which proceeds must be sufficient (and, under the terms of the agreements governing the Company's indebtedness, are permitted to be used) to pay the aggregate total consideration and/or the purchase price for the Notes accepted in the tender offer; a minimum tender condition; receipt of the requisite consents and execution of a supplemental indenture and execution of an amendment terminating the registration rights agreement. The Company may amend the tender offer and consent solicitation in its sole discretion and may terminate the tender offer if it reasonably believes one or more of the conditions to the tender offer cannot be satisfied.

This press release is neither an offer to purchase nor a solicitation of an offer to sell the Notes. The tender offer and consent solicitation are being made pursuant to the Offer to Purchase and Consent Solicitation Statement and related materials, copies of which will be delivered to all noteholders. Persons with questions regarding the tender offer and the consent solicitation should contact Citigroup Corporate and Investment Banking, the Dealer Manager and Solicitation Agent, at [phone] or [phone], or Global Bondholder Services Corporation, the Information Agent, at [phone] or [phone].

The Company is a leading, global, full service provider of value-based fastening systems, offering more than 270,000 stock keeping units to approximately 10,000 customers in over 100 countries. The Company offers a comprehensive range of both highly engineered and standardized products targeted to customers and end-use applications in the aerospace, automotive, construction, electronics, industrial equipment and non-automotive transportation industries.

The statements in this news release that are not historical facts are forward-looking statements that are subject to material risks and uncertainties. Investors are cautioned that any such forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties, and that actual results or developments may differ materially from those in the forward-looking statements as a result of various factors which are discussed in the Company's Confidential Offering Circular and other periodic reports available via our website (www.textronfasteningsystems.com/pressroom/filings.html). These risks and uncertainties include, but are not limited to, uncertainties relating to our ability to implement our business strategy, including operating as an independent company and our ability to establish our own corporate identity; changes in domestic and international market conditions; our ability to attract and retain customers; changes in capital requirements; fluctuating costs and availability of raw materials; competition; our ability to adapt to technological changes in our industry; our exposure to potential work stoppages; fluctuations in foreign exchange rates; changes in laws and regulations; potential litigation; retention of our management team; and other factors. The Company does not undertake to update any forward-looking statements in this news release or with respect to matters described herein.