Flash Global Logistics’ Strength and Stability as Leading Global Mission Critical Service Provider is Increased

Flash Global Logistics (“FGL” or “Flash”), one of the leading global providers of third party mission critical logistics services to technology companies, announced today that PineBridge Investments and HSBC Capital (USA) Inc. have recapitalized the company, with an injection of equity capital from entities advised by PineBridge, significantly strengthening Flash’s balance sheet. The additional equity investment reflects continued investor confidence in the Global Mission Critical Parts sector and specifically in Flash, which has shown resilience in the face of the challenging economic climate of the last few years, delivering a steady performance. As the operating environment improves, the strong balance sheet, which is now essentially debt-free, provides Flash with additional competitive flexibility, and also provides the resources required to support its strategic expansion across the globe.

“Flash is a clear leader in the distribution of mission critical spare parts and has a track record of outpacing its competitors when it comes to operational excellence, innovation and global expansion, particularly in high-growth markets,” said Scott Gallin, Managing Director, PineBridge Investments, and Chairman of Flash’s Board of Directors. “PineBridge is delighted to be able to support the business at this strategically important time, as it gears up to grow and extend its global market position.”

“Emerging markets are playing an increasingly important role in the global economy,” said Stephen Hindmarch, Managing Director, Private Equity, HSBC Capital (USA) Inc., and Director of Flash. “As high tech manufacturers further extend their reach into emerging markets, they will rely on industry service providers that specialize in providing critical parts logistics on a global basis, particularly in emerging markets - industry specialists like Flash Global Logistics. ”

“Flash exceeds industry supply chain demands and has evolved to become not only the leading service provider for global mission critical parts and products, but also a leader in end-to-end after sales service solutions,” says Jim van Leenen, CEO of Flash. “With a strong balance sheet and supportive investors Flash will be able to continue to lead the industry in providing products and services to technology companies around the world.”

About PineBridge Investments: PineBridge Investments manages $82 billion in assets, as of December 31, 2010 for institutional and individual clients across an extensive platform of listed equity, fixed income, private equity and hedge capabilities. With approximately 800 employees in 32 countries and jurisdictions, PineBridge Investments’ strong global network captures local market knowledge and identifies potential opportunities for the benefit of investors around the world. For additional information on PineBridge Investments, visit www.pinebridge.com

About HSBC Capital USA: HSBC Capital (USA) Inc. ("HSBC Capital") invests equity and mezzanine capital in middle market companies led by strong, entrepreneurial management teams. Our funds invest in high quality U.S. businesses that are market leaders in our target sectors of manufacturing, distribution, business services, consumer products, industrial technologies, aerospace and healthcare. HSBC Capital manages over $1 billion in capital in the U.S. and has completed in excess of 80 investments since 1991. For additional information on HSBC Capital, visit www.hsbcnet.com/pi/north-america/us

About FGL: Flash Global Logistics is a global, leading aftermarket service provider for mission critical service parts and products. With operations in over 80 countries, Flash services span approximately 700 FSL’s, 13 multi-client DC’s, command centers, in-country management and importer of record services. Flash provides clients with strategic deployment and positioning, rapid delivery, management and tracking of mission critical service parts and components. Flash focuses on servicing emerging markets with extensive operations in Brazil, customized distribution solutions, reduction of outstanding inventory, reverse logistics management programs, and assisting clients with new market entry, all supported by FLASHTRAC, the leading edge customized IT tool designed by the Flash team. Flash supports clients in computer data storage and networking, telecom, high tech communications, automation & semiconductor. For additional information on Flash Global Logistics, please visit www.flashlogistics.com.