Market Overview

Material Handling Systems, Inc. Closes Acquisition of OCM

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Material Handling Systems, Inc. ("MHS"), a leading provider of advanced
parcel sortation systems, engineering and equipment, today announced
that it has acquired OCM (Officina Costruzioni Meccaniche), a
European-based company that provides sortation system technologies to
international courier and warehouse & distribution logistics companies.

Founded in 1976 and headquartered in Parma, Italy, OCM delivers
value-added, mission critical equipment and services to leading
international courier and warehouse & distribution logistics companies
by providing specialized sortation system technologies and expert
systems integration services. With comprehensive state-of-the-art
solutions, OCM offers highly-customizable, automated handling systems to
its customers to ensure the optimization of their workflows and supply
chain infrastructure.

"Over the last 40 years, OCM has continuously adapted to the
ever-changing demands of the logistics industry by investing in research
& development and operations in order to provide its customers with the
most accurate, efficient, and technologically-advanced solutions. We are
very excited to partner with Antonio Amadasi and the talented team at
OCM, who share in our ongoing commitment to the highest levels of
excellence and customer satisfaction," said Tony Mouser, Chief Executive
Officer of MHS. "We are excited to continue our mission of providing
global, best-in-class automation equipment and engineering across the
parcel and warehouse & distribution end markets."

"Since our founding in 1976, we have always maintained a steadfast focus
on reliability, proficiency, and advancement of our cutting-edge
solutions, which has enabled us to grow from a small-scale material
handling and packaging solutions provider for food companies in Northern
Italy to a leading international provider of sortation system
technologies for the courier and warehouse & distribution market," said
Antonio Amadasi, Chief Executive Officer of OCM. "We are very excited to
align ourselves with Tony and the MHS family, and believe that our new
partnership will further enhance our ability to provide our customers
with comprehensive, customizable offerings that address their most
complex logistical needs."

PricewaterhouseCoopers acted as an Accounting and Tax Advisor and
Kirkland & Ellis acted as legal counsel to MHS. Studio Piantella acted
as financial advisor and Avv. Riccardo Colavito acted as legal counsel
to OCM. Financial terms for the transaction were not disclosed.

About Material Handling Systems, Inc.

Founded in 1999 and headquartered in Louisville, Kentucky, Material
Handling Systems, Inc. has drawn from its experience and expertise to
become a leading global provider of turnkey systems integration and
engineering, advanced automation equipment and software and aftermarket
services. For more information, please visit http://www.mhsglobal.com.

About OCM

Founded in 1976 and headquartered in Parma, Italy, OCM specializes in
designing, manufacturing and engineering automated material handling,
sortation and tracking systems for the parcel, warehouse & distribution,
postal and industrial intralogistics end markets. The company stands out
for the advanced high-quality components to fully turnkey solutions,
control software and after-sales services. For more information, please
visit http://www.ocm.eu.

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