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Boundless Network Acquires Minneapolis Promotional Products Distributor GWS

AUSTIN, Texas, May 6 PRNewswire — Boundless Network, a leader in professionalizing the promotional products industry, today announced the acquisition of Minneapolis-based GWS, Inc.. The deal will enable Boundless Network to leverage its patented technology platform and GWS' talented sales force to significantly expand sales in the Minneapolis-St. Paul area.

"GWS, with its impressive customer base and long history in Minnesota, represents a very strategic acquisition for Boundless Network," said Boundless Network CEO Jason Black. "Minneapolis is a large metropolitan area with large corporate opportunities underserved by traditional distributors. GWS has a talented and progressive sales force that can utilize Boundless sales and technology offering to significantly grow their businesses. This success will serve to attract other sales professionals to Boundless in the Minneapolis area."

Max Fink started GWS in 1931 during the Great Depression. Over the next 75 years the company became one of the few continuously family owned and operated promotional products companies in the US. In 1979, Mike Fink joined his grandfather's company and as owner has grown the company five-fold from a business that made less than $1.5 million annually to an operation that boasted revenue of more than $7 million.

"Joining Boundless Network was the next logical step in the evolution of GWS," said Mike Fink, owner. "With Boundless, we are able to provide our sales professionals the technology, professional development and support to take their business to the next level. It is a win-win situation for both companies."

GWS represents a key part of Boundless Network's acquisition strategy of identifying top promotional products distributors with revenues between $2 million and $10 million. In 2008, the company's expansion plans focus on continuing to seek out distributors that fit the profile nationwide.

Boundless Network has 12 regional offices located coast-to-coast across the US, as well as a sales presence in five additional locations. The company has recruited 71 leading sales professionals to join the company and plans to continue attracting sales professionals in key regions throughout the country. In addition to sales professionals, Boundless Network currently has 65 employees and expects to add 35 Austin-based employees over the next 24 months.

About Boundless Network

One of the few venture-backed promotional products distributorships in the industry, Boundless Network is investing in technology to transform a highly fragmented industry and create efficiencies across every aspect of the supply chain. As a result, Boundless Network's platform offers innovation in business process solutions directly impacting companies that purchase promotional products. Using the Boundless Network platform, industry sales professionals can double their earnings and significantly enhance their strategic positioning with clients. To learn more about Boundless Network, please visit http://www.boundlessnetwork.com.

Contact: Thomas Terry Diverge 512-532-2869 tterry@divergecom.com

SOURCE Boundless Network

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