Wafra Partners Announces Acquisition of Microdynamics Corporation

July 20, 2006

Wafra Partners and Wafra Investment Advisory Group, Inc. are pleased to announce that Microdynamics Corporation has been acquired by management and an entity formed by the clients of Wafra.

Microdynamics, based in Naperville, IL, is a leading provider of outsourced document management, custom printing and e-statement services to a variety of end users. The company serves banks, trust companies, credit unions and other financial institutions, distributors, health care service providers, municipalities and other clients, providing secure, high-quality, customized statement and invoice design, printing, sorting and mailing services. In addition, the company provides a complete electronic billing and statement presentment service to its clients.

Microdynamics was founded in 1974 by Thomas F. Harter, Sr. and Darrell Zolezzi. Mr. Harter, Sr. and Mr. Zolezzi will continue with the company in their capacities as, respectively, President and Chief Executive Officer and Senior Vice President of Operations. In addition, Thomas F. Harter, Jr. will remain with the company in his capacity as Vice President of Sales and has been appointed to the board of directors.

Wafra is a middle market private equity group based in New York City. Wafra invests in companies with revenues of between $20 million and $150 million in a variety of industries, including consumer products, business services and niche manufacturing.