Prince Castle Acquires Q-Matic Technologies

CAROL STREAM, ILL., March 24, 2005

Prince Castle, Inc. is pleased to announce the acquisition of Q-Matic Technologies, Inc. located in Gurnee, Illinois. Q-Matic manufactures and sells a complete range of both gas and electric infrared conveyor ovens from countertop to high volume, triple stack models. Details on the complete line of Q-Matic products can be found at www.q-maticovens.com.

Randy Garvin, President of Prince Castle, believes “this acquisition will continue to strengthen our position as an innovative leader in the foodservice equipment industry as Q-Matic Technologies Inc. brings over 22 years of experience in the conveyor oven business.” “The Q-Matic product line allows Prince Castle to continue delivering value-added solutions with unique technologies to our key global accounts - something our customers have come to expect from us,” said Michael Valentino, Vice President of Sales and Marketing for Prince Castle. Valentino added that “although Q-Matic will remain in a separate facility with its own sales & distribution channels, the resources and investment which Prince Castle and Marmon Retail Services bring to Q-Matic will allow us to better serve our customers and continue to grow the Q-Matic brand on a global basis.”

Sanda Burtea, former principal of Q-Matic Technologies, will remain with Q-Matic as Director of Customer Relations and be directly responsible for the Q-Matic sales effort. “Mrs. Burtea brings the passion, knowledge and experience necessary to help us continue the growth of the Q-Matic brand. We are very excited to have her as part of our team moving forward,” Valentino added. For more information please contact Prince Castle at (630) 462-8800 or Q-Matic Technologies at (847) 263-7324.

Prince Castle, Inc. is a Marmon Retail Services company. Marmon Retail Services, a business sector within The Marmon Group of companies, comprises companies that provide foodservice equipment, store fixtures, shopping carts and logistical services to retailers worldwide from operations in North America, Europe and Asia. The Marmon Group is an international association of more than 100 companies that operate independently within diverse business sectors. Marmon Group member companies have collective revenues of more than $5 billion.