Weaver Holding Company

April 5, 2004
Contact: Lauren B. Sinai

Prospect Partners Acquires Leading Custom Publisher

Private Equity Fund Builds Platform for Tourism and Convention Publishing Industry

CHICAGO, Ill.—April 5, 2004: Prospect Partners, LLC announced today that it has invested in Weaver Publications, Inc., the leading custom publisher for the convention and visitor industry. Weaver, based in Denver, Colorado, partners with convention and visitor bureaus throughout the U.S. to produce top-rated tourism publications for travel professionals, meeting planners and visitors.

For Prospect Partners, the investment - a recapitalization with Weaver's founder and CEO, Peter J. Koclanes - marks the seventeenth platform and 37th acquisition for the private equity fund formed in 1998.

"Weaver is an excellent example of the small niche leaders we seek for our portfolio," says Maneesh K. Chawla of Prospect Partners. "The company already publishes visitor guides for 10 leading convention and tourism markets, and we see tremendous potential not only to serve additional markets but also for the development of complementary products that build upon Weaver's offerings."

Chawla continues, "We are very excited to work with Peter in his continued role as preseident and CEO. Peter founded Weaver in 1987, has built the company into a very successful business, and his experience, savvy and industry insights are unparalleled."

"The partnership provides a great opportunity for Weaver," says Koclanes. "The depth of experience and talent Prospect brings will help to accelerate our organization's growth and achieve our strategic goals."

As part of its expansion strategy, Prospect Partners will look for acquisitions of other companies that offer the potential to enter into additional segments of the travel, tourism and convention publishing industry.

Prospect Partners, LLC of Chicago, Illinois, manages a $105 million private equity fund focused on management-led leveraged acquisitions and providing growth capital for unique lower middle market businesses with niche strategies.  The firm's investments span a variety of niche consumer, commercial, specialty distribution and service markets throughout the United States.

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