Encompass Now a Private Entity

Encompass is now Encompass Supply Chain Solutions, Inc. focused on serving
manufacturers, national retailers and independent servicers through two
business divisions: Encompass Parts Distribution and Encompass Service Solutions. The long-standing leadership team that has guided the organization for decades remains intact.

“While our corporate name and structure have changed, our experienced management
team, fundamental business strategy and commitment to serving customers
throughout the industry remain stronger than ever,” said Robert Gowens, ESCS
President & CEO. “The only significant difference in the company going
forward is a much more solid foundation. We are excited about the future and
the myriad opportunities before us.”

Robert Coolidge, President of Encompass Parts Distribution, and Kim
Wagner, Executive Vice President of Encompass Parts Distribution, are both
longtime industry leaders and will remain part of the company’s senior
management team.

“This is a very positive new chapter in the long history of our
organization,” said Coolidge. “We have the strong backing and unmatched
capabilities to continue building our business and attain success for us and
for our customers.”

Added Wagner, “I am looking forward to continuing on with a
senior management team that has decades of expertise in the consumer
electronics industry.”

ESCS is now governed by a Board of Directors which includes representatives from Sankaty Advisors, LLC, one of the nation’s leading private managers of corporate credit obligations.