PALM BEACH, Fla.--(BUSINESS WIRE)--May 30, 2006--Palm Beach Capital, through one of its investment entities, today announced that it has made an equity investment in Zurvahn for growth capital purposes. Midtown Partners & Co., LLC was the placement agent. Additional terms of the transaction were not disclosed.

Zurvahn, established in 2001 and headquartered in Coconut Creek, Florida, is a rapidly growing electronic manufacturing services (EMS) provider, focused on complex, low to mid volume, high mix product requirements. Zurvahn serves original equipment manufacturers (OEMs) throughout North America. Zurvahn provides cost effective manufacturing solutions through its domestic and international presence including China and Mexico. Its Founder and President, Ben Khoshnood, brings over 20 years of industry experience to Zurvahn.

"Zurvahn is a market leader in low to mid volume quickturn electronic contract manufacturing. Additionally, Zurvahn provides mechanical and electronic design and engineering assistance to its customers," stated Shaun McGruder of Palm Beach Capital. "We believe Zurvahn is the dominant provider in its niche and that, with the capital and resources we provide, we can help the company expand and enhance its position within the industry."

Ben Khoshnood, founder and President of Zurvahn stated, "The customers of the low to mid volume market are in critical need of a global, well run, well funded company with a keen focus on their requirements. We believe Zurvahn is now well positioned to fill a vast void in this market segment."

Zurvahn prides itself in being an industry leader and innovator in its market. Notable clients of Zurvahn include EMS, Motorola, Ametek, Siemens, Tyco, Cross Match Technologies and Vertical Communications. For more information, please visit the company's website at www.zurvahn.com.

About Palm Beach Capital

Palm Beach Capital is a private equity investment firm which specializes in making investments in and helping to build small- and middle-market private companies. For more information, go to the firm's website at www.pbcap.com.

About Midtown Partners & Co., LLC

Originally founded in May 2000, Midtown Partners & Co., LLC is an investment bank focused on private placement investment banking opportunities. The investment banking group at Midtown Partners & Co., LLC was founded on the premise that client relationships and industry focus are keys to the success of emerging growth companies. Such companies require investment banking services from a firm with a unique understanding of the marketplace and the nature of these transactions. Additional information can be found at http://www.midtownpartners.com.

Contact:
Palm Beach Capital, Palm Beach
Anna Schafer, 561-659-9022