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izzy to acquire Jami

Thursday 24 April 2008

izzy to acquire Jami Inc.\'s Harter, Fixtures Furniture, Zoom Seating and ABCO brands
Businesses to maintain individual brands while joining forces to grow and compete globally

izzy and its parent company JSJ Corporation have executed a letter of intent to purchase Jami Inc.

Established in 1995, Jami Inc. is a holding company comprised of four brands, each with its own market niche: Harter – higher design management, conference and executive seating and tables in work environments Fixtures Furniture – stack seating and multi-purpose tables for education, healthcare and corporate spaces Zoom Seating – mid-market ergonomic task seating ABCO Office Furniture – modular furniture, computer furniture, and conference and training tables

Each of the four brands now operating under Jami Inc. will continue to pursue its independent brand position, working with izzy to leverage this strength in its individual market segment.

The transaction is expected to close in May, pending completion of due diligence and execution of documents.

\"We see this transaction with izzy and JSJ as a positive partnership,\" said Gregg Masenthin, president and chief executive officer of Jami Inc. \"Our brands have been extremely successful in the marketplace, so our new relationship with izzy and JSJ allows us the strategic business support to continue growing and developing these brands.\"

\"We are excited about the prospect of the Jami brands becoming part of izzy. Each brand has earned customer loyalty within its own market segment,\" said Chuck Saylor, founder and president of izzy. \"Since the launch of izzy, we have cultivated a business model that lets successful brands thrive and grow around organizations with people who have the energy and vision to develop them for the future. Like our strategic partnerships with HÅG and Nemschoff, this transaction will reinforce our strategy – to be a brand-driven business. We do not intend to change what is already working well. Instead, through good design, and leveraging the input and knowledge of many talented people, each of these brands will continue to deliver on their individual brand promises, focusing on product solutions that add value for their customers.\"

The pending acquisition builds on JSJ’s history of seeking out successful companies that benefit from owners that offer a long-term, personal commitment to their business interests, says Nelson Jacobson, president and chief executive officer of JSJ Corporation.

\"Our role at JSJ is to provide financial and strategic leadership, and essential support resources to help our businesses like izzy do what they do best – design, make and market products that meet their customers\' needs,\" he said. \"Our company founders began working together nearly 90 years ago as partners. This acquisition is another example of how we intend to continue building on this legacy of entrepreneurship – locally, nationally and globally.\"

About izzy
izzy (www.izzydesign.com) combines simple, affordable furniture and seating design with advanced engineering and lean manufacturing capabilities. The company\'s award-winning products are part of izzycollections, izzyseating; HÅG by izzy, SuperiorSeating by izzy; and izzytextiles and finishes. Most of izzy products are manufactured in Belton, Texas, and Spring Lake, Mich. All of izzy\'s furniture and seating product lines are GREENGUARD certified for meeting safe indoor air quality standards. Founded in 2001 and based in Spring Lake, Mich., U.S., izzy is a business of JSJ Corporation ( www.jsjcorp.com) of Grand Haven, Mich., U.S., a privately held corporation that actively designs, develops, markets and brands a group of durable goods and services throughout the world.

About Jami Inc.
Based in Overland Park, Kan., Jami Inc. is a holding company within the office furniture industry for Harter (www.harter.com), Fixtures Furniture (www.fixturesfurniture.com), Zoom Seating (www.zoomseating.com) and ABCO (www.abcofurniture.com).

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