Production Resource Group and VLPS Lighting Services International Complete Merger

Production Resource Group and VLPS Lighting Services
International Complete Merger 


NEW WINDSOR, N.Y., July 9  /PRNewswire/ -- Production Resource Group, L.L.C.
(PRG) and VLPS Lighting Services International, Inc. (VLPS) (OTC:LITE.PK),
today jointly announced the completion of their historic merger, which has
created the foremost equipment and technology company in the entertainment
industry. The merger, which was announced on June 11, 2004, has been approved
by VLPS stockholders, and the regulatory review period has expired. Effective
today, a newly-formed subsidiary of PRG will be merged with and into VLPS, with
VLPS becoming a wholly-owned subsidiary of PRG. The combined company will
operate as PRG Lighting, PRG Audio, PRG Scenic Technologies and Showpay, and
will maintain its headquarters in New Windsor, NY.

Under the terms of the merger agreement, VLPS stockholders are to receive $8.32
per share in cash immediately, with up to an additional $.50 per share payable
from an escrow account established to pay for any indemnification claims. VLPS
shares, heretofore listed on the OTC pink sheets, will cease trading
immediately.

"This is an important milestone for these two companies and our industry as a
whole," said Jere Harris, chairman and CEO of the newly-merged PRG. "Going
forward, we plan to strengthen PRG's position as a global brand leader in the
entertainment equipment industry, and we are now moving ahead to ensure that
the integration of these two great companies takes place as smoothly and as
seamlessly as possible."

PRG is a fully integrated equipment rental and services company for automated
and conventional lighting and audio systems, as well as scenery fabrication and
automation technologies, serving the entertainment industry worldwide.

The new PRG has a global presence, with major operations in Chicago, Las Vegas,
London, Los Angeles, New York City and vicinity, Michigan, Nashville, Orlando,
Tokyo and Toronto. H.R. "Rusty" Brutsche III, VLPS founder and CEO, becomes
vice chairman and chief technology officer of PRG.

PRG creates many of the world's most famed and spectacular productions, on the
Broadway stage and touring theater and on network live television, at themed
attractions, large-scale industrial shows and events, concert tours, retail
stores, themed restaurants and casinos, trade shows, the Olympics, national
political conventions, etc. 

DATASOURCE: Production Resource Group, L.L.C.



CONTACT: Media Contact - David Kalson, office - [phone],

cell - [phone], , or Karen Sheppard,

office - [phone], cell - [phone], ,

both of RF|Binder Partners, Inc. for PRG; Kevin Baxley of Production Resource

Group, L.L.C., [phone], fax - [phone], ; VLPS

Investor Contact - Jerry L. Trojan of PRG Lighting, [phone],

fax - [phone] 



Web site: http://www.vlps.com/ 

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