Blackford Capital Announces Sale of Quality Imaging Products (QIP)

Lake Forest, CA - June 3, 2005 - Blackford Capital announced today that it has sold Irvine, California-based Quality Imaging Products ("QIP") to Chatsworth, California-based Printing Technology, Inc., one of the leading global compatible ink and toner manufacturers. Quality Imaging Products, acquired in May, 2001, by Blackford Capital for the purpose of recapitalization and aggressive organic growth, "has experienced tremendous growth under the management teams' strong, visionary leadership," says Martin Stein, Managing Director of Blackford Capital. "This was an exciting investment that, while certainly challenging at times, represented what we seek to accomplish: partner with talented management teams of market leaders, build bigger businesses, and then exit the company into the true middle market."According to Peter DeSalay, PTI's President and Chief Executive Officer, "this acquisition is one part of PTI's overall growth strategy to achieve heightened economies of scale and expand sales channels. Superior quality products and a commitment to excellence have allowed PTI to continually grow faster than the market as a whole." DeSalay also announced that PTI will work closely with QIP management to assure that customers experience a smooth transition while preserving quality levels. PTI is renowned worldwide for its commitment to quality and its rigorous AQL standards.

About Blackford Capital

Blackford Capital (www.blackfordcapital.com) invests in middle-market manufacturing, distribution, and service companies in both mature and growing industries. Blackford Capital provides capital for management-led buyouts, growth capital for businesses with strategic competitive advantages, and capital for industry consolidation strategies. For more information, contact (949) 334-0374 or visit www.blackfordcapital.com.