NEP Broadcasting Finalizes Deal to Merge Sweetwater and American Hi Definition Into Their Entertainment Division

NEP Broadcasting Finalizes Deal to Merge Sweetwater and American Hi Definition Into Their Entertainment Division

PITTSBURGH, Nov. 22, 2010 /PRNewswire/ -- NEP Broadcasting announced today that the deal to acquire and merge Sweetwater and American Hi Definition into the NEP Entertainment division is final. As part of NEP Entertainment, Sweetwater and American Hi Definition will continue to serve their clients with the same expert staff and cutting-edge technology as they have since 1992, now with the backing of the leading television production services company in the country. NEP has provided facilities, technical management and engineering expertise for some of the largest televised events over the last three decades.

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"Sweetwater and American Hi Definition are a tremendous addition to NEP. We are thrilled to have their expertise and talent as part of our group. I know that this combined team will truly enhance the services we provide to our entertainment clients," said NEP Broadcasting CEO, Debbie Honkus.

NEP will now provide an integrated set of services and technology to the entertainment industry across seven business units, offering: mobile television production solutions provided by Denali and Sweetwater, full-service studio production services by Studios, mobile and modular LED video screens and video projection from Screenworks and AmericanHiDefinition, power generation and distribution from LivePower, and mobile and live-to-web event production provided by PremiereEntertainment.

The Sage Group, LLC acted as the exclusive financial advisor and Manatt, Phelps & Phillips, LLP acted as legal counsel to American Hi Definition and Sweetwater.

About NEP: NEP Broadcasting, LLC is the leading provider of broadcast and media services to the world's top networks, production companies and event producers. NEP's state-of-the-art facilities, engineering expertise and technical management have supported some of the largest television events around the globe. With more than 500 employees worldwide, offices in Pittsburgh, New York, Van Nuys, Corona, London, Cardiff, and Allentown, NEP Broadcasting is proud to serve their clients across their twelve specialized divisions: Supershooters, Denali, Visions, Screenworks, NEP Studios, New Century Productions, Live Power, Premiere Entertainment, Roll to Record, NEP Cymru, Sweetwater, and American Hi Definition. NEP is majority-owned by American Securities, a private equity firm headquartered in New York, and NEP management. For more information, please visit our website at www.nepinc.com.

SOURCE NEP Broadcasting, LLC

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NEP Broadcasting, LLC

CONTACT: Meredith Knight, NEP Broadcasting, +1-412-423-1339, Meredith.knight@nepinc.com

Web Site: http://www.nepinc.com

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