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06/01/2006

BranchServ Acquires Bank Equipment Services Provider

BETHEL, CT June 1, 2006 - BranchServ (www.branchserv.com), the leading supplier of physical security equipment and service to U.S. branch banking networks, today announced the acquisition of a regional bank equipment services provider based in North Carolina.  The terms of the transaction were not released.

“The addition of these assets to our southeast regional service team dramatically expands our presence in that market and provides the foundation for further growth in the region,” said Tom Brennan, President and CEO of BranchServ.  “This is the first of what I expect to be a number of strategic additions that we will make to our business as we continue to pursue our vision of becoming the industry's leading provider of site service and equipment solutions,” added Mr. Brennan.

Founded in 1999 as a division of Custom Vault Corporation, BranchServ provides physical security equipment and service solutions to over 3,000 bank and credit union branches from Maine to Florida, including 3 of the 10 largest branch banking networks in the United States. The fastest growing service provider in the industry, BranchServ combines unparalleled experience and product knowledge with a client-driven service focus—empowering branch networks to improve operational efficiency, lower overall costs, enhance the end customer experience, and maintain security standards.

BranchServ is headquartered in Bethel, Connecticut with Service Centers in Boston, New York, Washington D.C., and Charlotte.

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