CI Capital Partners Announces Formation of CoVant Technologies LLC

March 5, 2008

MCLEAN, Va., March 5 /PRNewswire/ -- CI Capital Partners LLC, a New-York- based private investment firm, and a group of executives led by Joseph Kampf , former President and Chief Executive Officer of Anteon International, today announced the formation of CoVant Technologies LLC, a platform designed to make investments in government technology solutions companies in the defense, homeland security and intelligence communities. CI Capital and CoVant management have committed $200 million in equity to the new enterprise. In addition, CoVant has completed the acquisition of A-T Solutions, Inc. of Fredericksburg, Virginia, the firm's first acquisition. Financial terms of the deal were not disclosed.

CI Capital Partners acquired Anteon International in a $47.5 million leveraged buyout in 1996. Under Mr. Kampf 's leadership and with the support of the Anteon board, Anteon increased its revenue from $142 million in 1996 to over $1.7 billion in 2006, becoming one of the leading information technology, systems engineering and technology solutions providers to government agencies. CI Capital Partners and management took Anteon public in 2002 and subsequently sold the Company to General Dynamics in a $2.2 billion transaction.

CoVant will act as an investment platform in its sector, bringing financial resources, strategic guidance and management expertise to emerging companies. Mr. Kampf will serve as CEO of CoVant, with the Board of Directors and remainder of the leadership team largely comprised of former board members and top executives of Anteon International.

"I am delighted to be re-engaged with my Anteon colleagues and CI Capital Partners in this new venture," said Mr. Kampf . "We have a long and highly successful history of investing in technology businesses that provide critical support to defense and defense-related activities. These needs are continually evolving, and we believe CoVant can provide substantial support."

"Our first partnership with Joe and his team, Anteon International, was highly successful as Anteon quickly became recognized as a leader in the government technology services sector," said Fred Iseman , Chairman of CI Capital Partners. Steven Lefkowitz , President of CI Capital Partners, said, "We are delighted to once again be partnering with this team as they bring their experience, focus and talent to growing companies in this sector."

CoVant's board of directors includes former Anteon directors Dr. William J. Perry , former Secretary of Defense; General Hugh Shelton (USA ret.), former Chairman of the Joint Chiefs of Staff; General Paul Kern (USA ret.), former commander of the Army Material Command; Dr. Paul Kaminski , former Under Secretary of Defense for Acquisition and Technology; and Gilbert F. Decker, former Assistant Secretary of the Army for Research Development and Acquisition.

CoVant Acquires A-T Solutions

A-T Solutions, a rapidly growing, privately-held business, is the premier provider of analytical and training solutions for the detection, identification and defeat of improvised explosive devices (IED) and weapons of mass destruction (WMD). With approximately 200 subject matter experts, the company is the largest single supplier of IED related training services to the U.S. Departments of Defense and Homeland Security.

The A-T Solutions management team is retaining a significant equity position and will continue to provide operating management of the company's business. Mr. Kampf , Gen. Shelton and Steven Lefkowitz of CI Capital Partners will join the A-T Solutions' board of directors.

"A-T Solutions' mission is to combat terrorism abroad and at home," said Mr. Kampf . "I have every confidence that the combination of A-T Solutions' technical expertise and commitment to mission and CoVant's financial resources and management expertise will create significant value for our customers, employees and shareholders."

"We are extremely pleased to be joining forces with CoVant," said Ken Falke , founder and CEO of A-T Solutions. "With the continuing proliferation of IEDs as the weapon of choice for terrorism worldwide, the demand for our services has been growing at a challenging pace. I strongly believe that our partnership with CoVant will bring both the financial resources and highly relevant operational experience necessary to keep pace with our customers' needs."

"A-T Solutions is known for its excellence in providing a critical service to the Departments of Defense and Homeland Security," said Mr. Lefkowitz . "With the financial and operational support of CoVant, A-T Solutions will be well positioned to enhance and expand the services it provides."

Advising CoVant on the transaction were law firms Paul Weiss Rifkind Wharton & Garrison, Arnold & Porter, and Jenner & Block. Advising A-T Solutions was investment banking firm The JIAN Group.

About A-T Solutions

Founded in 2002 in Fredericksburg, VA, A-T Solutions has become the foremost provider of training, education and consulting services to the military on explosive ordnance disposal techniques and weapons of mass destruction. The company was named to Entrepreneur Magazine's "hot 500 List" as the second fastest growing security company and 20th overall fastest growing company in America. The company also was ranked 13th among the fastest growing government services firms by Inc Magazine in 2007. Visit www.a-tsolutions.com for more information.

About CoVant

Founded by former executives of Anteon International, CoVant invests in and provides financial and operating resources to a portfolio of companies specializing in technology solutions that serve the needs of the homeland security, defense and intelligence communities. With an experienced team of business executives and a respected board of former government and military leaders, CoVant delivers a unique and highly strategic approach to maximizing company growth and value. Visit www.Covant.com for more information.

About CI Capital Partners

CI Capital Partners, formerly known as Caxton-Iseman Capital, is a New York-based private equity firm. CI Capital Partners' portfolio companies include Valley National Gases, a leading distributor of industrial gases and propane; Ply Gem Industries, Inc., the largest North American manufacturer of residential siding, and fifth largest U.S. window manufacturer; KIK Custom Products, Inc., the largest North American contract manufacturer of branded and retailer-branded consumer products; Electrograph Systems, Inc., a leading national distributor of display technology solutions; American Residential Services, LLC, a leading provider of HVAC and plumbing services; Prodigy Health Group, Inc., a rapidly expanding health care services company; and Conney Safety Products, LLC a full-service distributor of safety products. Visit www.caxton-iseman.com for more information.

Contact for CI Capital Partners: David Lilly, Kekst and Company 212-521-4800 Contact for CoVant: Liz Sara, Best Marketing, LLC 202-255-0134 [email protected]

SOURCE CI Capital Partners LLC

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