Veridiam, Inc. Expands Health Care Market Capabilities with Acquisitions of Allied Swiss Screw and Point Technologies.

WHI Capital Partners Company Completes 2(nd) and 3(rd) Medical Acquisitions in Past 12 Months

SAN DIEGO -- Veridiam, Inc., a major manufacturer of precision metal components and WHI Capital Partners portfolio company, has acquired California-based Allied Swiss Screw Inc. (Allied) and Costa Rica-based Point Technologies (Point Tech). Allied and Point Tech each produce contract components manufactured to customer specifications primarily for medical and dental markets.

"These acquisitions address the rapidly growing demand within health care markets for Veridiam's precision manufacturing solutions," said Veridiam CEO Neal Nordstrom. "Veridiam's ultimate goal is to serve as a world-class, one-stop metals fabricator for all medical equipment companies."

Allied, based in Oceanside, Calif., provides precision machining services, manufacturing small, ultra-precision machined components, surgical tools and assemblies for the dental, medical and aerospace markets. The company primarily serves the dental components market, manufacturing thousands of different dental parts and instruments including dental implants, abutments, screws, drills, taps and various instruments including torque wrenches.

Point Tech offers custom precision machining services to the medical and semi-conductor industries. Its manufacturing capabilities are supported by its fleet of CNC machining centers and custom-designed electrochemical etching stations. Founded in 1997 in Boulder, Colo., Point Tech relocated to Costa Rica to better serve customer needs in a lower cost environment. Point Tech currently employs more than 100 people and occupies 14,000 sq. ft. of office and production space in San Jose, Costa Rica.

"Precision, quality and responsiveness are the driving forces behind Veridiam's success," said Eric Cohen, WHI Capital Partners managing director. "Combining Allied's precision manufacturing techniques and Point Tech's highly skilled, yet lower cost facilities allows Veridiam to offer a unique set of outsourcing solutions to its medical device customers. There are tremendous organic growth opportunities for Veridiam while it aggressively pursues its targeted acquisition strategy."

About Veridiam

Veridiam (www.veridiam.com) is a leading machining and custom metal fabrication specialist with more than 50 years of experience serving as a major manufacturer of precision engineered components. Veridiam manufactures assemblies, sub-assemblies, machined components, precision metal tubing and tubular components for the medical, dental, nuclear power, aerospace and power generation markets from high performance alloys. By working directly with their customers' product development, design and R&D departments they develop novel solutions for a wide variety of critical applications. Managing the complete supply chain, Veridiam delivers a finished device -- to specification and on time -- saving time and expense for their customers. Veridiam has three plants in the San Diego area including more than 170,000 square feet of manufacturing space on seven acres in El Cajon along with plants in Oceanside and Poway, and a manufacturing facility in San Jose, Costa Rica.

About WHI Capital Partners

WHI Capital Partners (www.whicapital.com) is a Chicago-based private equity firm that invests in leading niche manufacturing, value-added distribution and specialty service companies with revenues between $10 - 100 million. WHI Capital Partners focuses on creating a true partnership with a company's management team with the goal of enhancing operational efficiency along with developing and executing a clearly defined growth plan to build value. Backed by the financial strength and resources of its parent firm, William Harris Investors, Inc., WHI Capital Partners provides a unique solution to help a company capitalize on its long-term opportunities.