3/20/2007

A key group of Jack Nadel International employees purchase stake in company.

On March 8, 2007, a group comprised of 26 key Jack Nadel International employees, including its recently promoted President and CEO, Craig Nadel, purchased a major stake in the company. The investment group, named Canopus LLC, purchased shares from Jack Nadel, the founder of the company, and Robert Buckingham, an officer and shareholder since its reincorporation in 1973. This group is now the second largest shareholder in the company, behind Robert Buckingham; with Jack Nadel still retaining significant ownership and continuing as the company’s Chairman of the Board of Directors.

Nadel and Buckingham are positioning Jack Nadel International for future growth with the next generation of leadership.

The new company ownership of Jack Nadel, Robert Buckingham, Craig Nadel, and the Canopus LLC group assures continued success in the promotional products industry.

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