309-786-5800 info@progrio.com

PRESS RELEASE

November 5, 2014

Rock Island, IL

Progrio is pleased to announce an exciting transaction and development. The Managed Services business that previously operated as part of AMCAD has been privately sold, and will be supported by new committed and dedicated owners.  The new ownership is effective immediately and the business will operate under the name of Progrio (the “Company”).

Located on an active and heavily secure US Army Base in Rock Island, Illinois, and formerly known as the AMCAD Managed Services business, the Company provides document management services, including conversion of historical records and micrographics, indexing, physical storage, and document destruction services.  The Company has established itself as a leading document management provider through its large and growing base of customers throughout the United States.

Going forward, the business will be rebranded under the name Progrio, which stands for progress, growth, and innovation.

“Today is an exciting day in the Company’s history,” said Josh Schwarzberg, CEO of Progrio.  “I was extremely impressed by the Company’s heritage, and I am looking forward to being a part of the future of the Managed Services business.  I am very proud of the highest caliber team we have here at Progrio and we are collectively committed to continuing to provide premier services to each and every one of our clients.  Focusing on our customers will remain the core of our business and doing all that we can to help solve all of their document management needs.  This business is now well capitalized and well positioned for future growth.”

About Progrio:

Progrio is a market leading document management business that provides a comprehensive suite of services to support conversion of historical records and micrographics, indexing, physical storage and document destruction. Progrio is dedicated to delivering progress, growth, and innovation to its customers.  Progrio’s services modernize business ongoing operations. Its services are safe, secure, effective, and will reduce costs through regulatory compliance, rapid access to multiple documents, improved personnel efficiencies, and backup/disaster recovery protection.  For more information, please visit www.progrio.com.