Affiliate of Sterling Partners to Acquire Innotrac for $8.20/Share in Cash

Shareholders to receive $8.20 per share in transaction Innotrac Corporation INOC announced today that it has entered into a definitive merger agreement with an affiliate of Sterling Partners, providing for the acquisition of all of the outstanding shares of Innotrac for $8.20 per share in cash.  Scott Dorfman, the Company's CEO, Chairman and largest shareholder, and other members of the Company's management will continue their leadership of the Company and will retain a significant equity position in the Company after the transaction is closed. The $8.20 per share purchase price represents a 25.2% premium over the closing price of the Company's common stock on October 21, 2013, the last trading day prior to the beginning of the Company's exclusive negotiations with Sterling Partners, and a 54.4% premium over the average closing price over the 90 days ended November 14, 2013.  Under the terms of the merger agreement, an affiliate of Sterling Partners will promptly commence a tender offer for all of the outstanding shares of Innotrac.  The agreement provides that, promptly after the closing of the See full press release