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OPT HOLDINGS, INC. ANNOUNCES SALE OF ASSETS OF OPTRONICS PRODUCTS COMPANY, INC.

CHICAGO, IL – May 27, 2009 – OPT Holdings, Inc. (“OPT”) announced today it has successfully sold all of the assets of its wholly-owned subsidiary, Optronics Products Company, Inc. (the “Company”) to Optronics International, LLC.  Specific terms of the transaction were not disclosed.

Optronics is a designer and marketer of specialty lights, driving lights and vehicular accessories.  These products are sold to a wide range of mass market and specialty retailers and original equipment manufacturers of recreational vehicles, boats and trailers.  Optronics’ operations are conducted from facilities in Muskogee, Oklahoma and Elkhart, Indiana.  For more information on Optronics, please visit www.optronicsinc.com.

“Optronics is a fantastic business with great employees, customers and suppliers,” said Greg Bland, CEO of OPT.  “We are very fortunate for our experiences and successes with Optronics, and we wish the employees and new owners continued success.”

OPT, which is majority-owned by Svoboda Capital Partners LLC (“SC”), also owns and operates Primos, Inc. d/b/a Primos® Hunting Calls™.  Primos, headquartered in Flora, Mississippi, is the nation’s premier brand in designing, manufacturing and marketing game calls and accessories to the hunting industry.  Primos sells a broad portfolio of game calls including deer, elk, turkey, waterfowl and predator, as well as specialized hunting outerwear, ground blind apparatuses and hunting accessories.  For more information on Primos, please visit www.primos.com.

 “The sale of Optronics is consistent with SC’s stated strategy to build separate vehicular lighting and hunting accessories platforms within OPT,” said Alex Miller, Managing Director at SC.  “This transaction allows OPT to focus on continuing the rapid growth of Primos’ brand.  With Primos, OPT will continue to invest in new product development, to expand service capabilities and to complete selective acquisitions, all elements that are critical to building the leading brand in the hunting accessories category.”

 

 

 

 

 

 

 

 

 

 

 

 


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