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November 19, 2009

Prophet Equity Announces Acquisitions in the Public Safety Industry and Welcomes New Hires

Southlake, TX - - November 19, 2009 – Prophet Equity LP, a private equity firm that makes control investments in strategically strong, asset-intensive, underperforming companies in the lower and middle market, formally announced today that has acquired a controlling stake in Chief Public Safety Equipment Company and Law Enforcement Supply (“Chief/LES”). Located in Charlotte, North Carolina, Chief/LES distributes mission critical products to police, fire, and EMS departments nationally. Chief/LES was carved out of Brooks Equipment Company, and Jeff Tousa will continue to serve as President of Chief/LES.

Ross Gatlin, Prophet’s CEO and Managing Partner, commented, “Prophet Equity is well equipped to support dramatic value creation at Chief/LES not only with the necessary equity capital, but also with our demonstrated strategic and operational know-how in this platform. Our professionals not only have expertise in carve outs like Chief/LES from a transaction perspective, but also have deep operational and financial expertise in this type of company. Partnering with Jeff and his team, we have started adding value to the platform and look to grow it both organically and acquisitively over time.”

Jeff Tousa, President of Chief/LES, explained further, “Chief/LES is very excited to be partnering with Prophet Equity at this time. We recognize Prophet Equity as a value added partner in our business, and we look forward to a long and productive relationship between our two companies.”

Separately, Prophet Equity also announced the addition of John Tatum to its team. John Tatum joins Prophet Equity as a Vice President from H.I.G. Capital, where he was responsible for responsible for all aspects of the investment process including sourcing and analyzing new investment opportunities, leading seller and lender negotiations, closing portfolio company investments, and overseeing the implementation of post-transaction operational initiatives. Prior to H.I.G., John worked in private equity at Charterhouse Group and was a member of Citigroup’s Technology and Services Investment Banking Group. John received his MBA from the Tuck School of Business at Dartmouth College and graduated with a BA in economics and political science from Williams College.

Gatlin said, “John brings solid capabilities and relevant knowledge to Prophet Equity. He is a top notch professional that is already contributing to Prophet’s success in the market, and we are excited to have John continue to build his remarkable career with us over the long term.”

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