Kappa Investment Group, LLC Agrees to Acquire Equity Position in Bendon Publishing International, Inc.

Jul 02, 2007, 01:00 ET from Bendon Publishing International Inc

    ASHLAND, Ohio, July 2 /PRNewswire/ -- Bendon Publishing International,
 Inc., a leading and fast growing publisher of children's books, including
 coloring and activity books, board books and learning cards, announced that
 Kappa Investment Group, LLC ("Kappa"), an affiliate of Kappa Media Group,
 Inc. and Kappa Graphics, LP located in Fort Washington, Pa., has acquired
 an equity position in the Company.
     The investment by Kappa is a result of its agreement to acquire the
 present equity interests of Brand Equity Ventures I, LP, Brand Equity
 Ventures II, LP (collectively, "BEV Capital") of Stamford, Conn. as well as
 the interests of certain warrant holders.
     "Kappa's investment in Bendon will bring together two organizations
 with complementary strengths that serve similar markets," Nicholas
 Karabots, Chairman of Kappa, stated. "I am pleased that Bendon's founders -
 the source of Bendon's strong growth - have enthusiastically endorsed
 Kappa's investment and co-joining of interests. I'd like to thank both them
 and those within Kappa for their collective vision and effort to make this
 transaction a reality."
     "This transaction allows us to replace a financial partner with a
 strategic partner who shares our vision and goal to continue our rapid
 growth within the publishing industry, plus it opens up strategic
 opportunities for both companies," said Benjamin Ferguson, President,
 Bendon Publishing.
     The Kappa transaction is expected to close within the third quarter of
     About Bendon Publishing
     Bendon Publishing International Inc., based in Ashland, Ohio, produces
 a product line that includes coloring and activity books, educational
 workbooks, flash cards and complete learn-at-home sets, game cards,
 picture, board, pop- up and novelty books, puzzles, gift and travel packs.
 The company holds license agreements for Angelina Ballerina, Arthur,
 Barbie(TM), Barney, Bob The Builder, Brainy Baby, Candyland, Disney, Disney
 Princess, Disney's Little Einsteins(TM), El Chavo, Garfield, Hello Kitty,
 Jakers, John Deere(TM), Littlest Pet Shop, Marvel Heroes, Mr. Potato Head,
 My Little Pony, NASCAR, NBA, Peanuts, Precious Moments, Sesame Street,
 Sesame Beginnings, Spiderman, Thomas and Friends, Tonka, Tweety, and Winnie
 the Pooh.
     For more information, visit www.bendonpub.com or contact:
     Ben Ferguson, President
     Bendon Publishing International, Inc.
     1840 Barney Road
     Ashland, OH  44805
     About Kappa
     Kappa Media Group, Inc. and its Subsidiaries, located in Fort
 Washington , Pa., are the largest publishers of puzzle magazine product in
 the U.S. with additional specialties in the sports and entertainment field.
 Kappa Graphics, LP, located in Pittston, Pa., is a publication printer and
 publisher of puzzle books, children's activity books and licensed specialty
 product sold principally in the U.S. and Canada.
     For more information, visit www.kappapublishing.com or contact:
     Ms. Despina McNulty, President
     Kappa Investment Group, LLC
     PO Box 736
     Fort Washington, PA  19304
     About BEV Capital
     BEV Capital, with over $200 million under management, is a venture
 capital company focused in the consumer sector. Areas of investment focus
 include: consumer products and services, Internet media and marketing
 services companies.
     For more information, visit www.bevcapital.com or contact:
     William J. Meurer, General Partner
     BEV Capital
     One Stamford Plaza
     263 Tresser Boulevard
     Stamford, CT  06901

SOURCE Bendon Publishing International Inc