Global Vacuum, Inc. Acquires Plasti-Vac, Inc. and Adopts Name Change

CHARLOTTE, N.C., June 5 -- Global Vacuum, Inc. today announced that it has acquired all of the assets of Charlotte, N.C.-based Plasti-Vac, Inc. (PVI) and changed its name to PlastiVac, Inc.

PVI manufactures vacuum-forming and thermoforming equipment that is used to mold thousands of different products, including spas, point-of-purchase displays and automotive parts just to name a few.

All of PVI's employees have decided to continue working under the company's new management team, according to Martin Eichenberger, CEO of PVI. The newly formed PVI will continue to serve the company's existing client base. The company has a considerable backlog of machine orders on the books and plans to build a worldwide network of manufacturer's representatives to help market and sell PVI's product line.

"I am expecting a seamless transition, as customer relationships are among the most important assets we acquired in this business, and we are going to do everything we can to make sure that customers are well-served," said Martin Eichenberger, PlastiVac, Inc.'s CEO and chairman of the board. "We are absolutely delighted to have acquired PlastiVac. PlastiVac is a premier machine provider that is well-positioned in the world's vacuum and thermoforming market. Global Vacuum, Inc. served as the vehicle to purchase PVI's excellent assets and know-how."

PVI's former owner, Miriam Diamond, endorsed the company's new management team and its ability to take PVI to a "new level" of success, Eichenberger said.

Chuck Butcher, PVI's COO/partner, and Eichenberger have over 40 years of combined experience in factory automation/assembly automation.

"We believe our expertise will greatly benefit PVI's customers in allowing them to purchase turnkey production lines around the vacuum and thermoforming core," Eichenberger said.

About PlastiVac, Inc.

For over 44 years, PlastiVac, Inc. has been a worldwide provider for vacuum and thermoforming machines. In 58 countries, thousands of customers have machines in operation in various industries, including aeronautical, agricultural, architectural, automotive, building and construction, boating, computer, cosmetics, education, electronics, film and media, food, furniture, hospitals and medical, machinery manufacturers, military, museums, packaging, sanitation and sign-making - among many others.

  For more information, visit http://www.plastivac.com/.

   Contact:

   Martin Eichenberger
   PlastiVac, Inc.
   704-334-4728
   Fax: 704-334-0251
   martine@plastivac.com
   http://www.plastivac.com/

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