Production Resource Group Completes Acquisition of Assets of DPS, Inc.

NEW YORK, Jan. 13, 2016 /CNW/ -- Production Resource Group LLC, (PRG), the world's leading provider of entertainment and event technology solutions, announced today that it has closed its acquisition of assets from DigitalSound Production Services, Inc. (DPS). PRG will use these assets to strengthen and expand its inventory across a variety of its locations including its Los Angeles and PRG Paskal Lighting facilities.

Having filed for chapter 11 protection on Nov. 30, 2015, DPS immediately sought court approval to sell its assets. After a broad solicitation of offers from multiple production technology companies in a sale ordered by the Bankruptcy Court, PRG has successfully acquired the bulk of DPS' lighting and film equipment assets. The purchase of DPS' well maintained, quality equipment will enable PRG to fulfill its ever expanding client demand in the vibrant Los Angeles markets.

"Adding these assets to our inventory goes a long way to supporting our current clients as well as the increasing number of new customers who are learning about PRG and what we can do to address their production needs," says Brian Edwards, CEO PRG North American Television. "Bringing on board this quantity of lighting products will give our customers greater access to fantastic technology. Plus these assets, including a large inventory of the Cineo Lighting HS Remote Phosphor luminaires, align well with our existing inventory - especially as we've been expanding our green screen capabilities with portable green screens."

Evan Green, CEO PRG Film, looks forward to working with the DPS clients who are very familiar with this inventory. "I know that they will find PRG and PRG Paskal to be a tremendous resource. We have some of the best people in the industry along with an array of the best solutions and equipment."

Across all market segments, PRG continues to add to its vast list of long-term clients, thanks to its well-earned reputation for quality and innovative support with a broad range of production technology solutions.

For more information, visit www.prg.com.

About Production Resource Group
PRG serves a range of markets, including concert touring, corporate events, trade shows, special events, theatre, television and film. PRG is uniquely qualified to provide the resources and services customers need at any and all sites, efficiently and cost effectively. PRG staff offers years of experience serving the specialized needs of each market it serves. For a given market, PRG can provide a single discipline, such as lighting, audio or video, or can bundle disciplines for an integrated solution that meets the needs of the entire project.

The world's leading provider of entertainment and event technology solutions, PRG provides integrated services and equipment, including audio, video, lighting, rigging, staging, and scenery and automation systems, for these markets from more than 40 offices in North America, South America, Europe, Middle East, Asia, and Australia.

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SOURCE Production Resource Group LLC

For further information: US Media Contact: Michael S. Eddy, +1 917-751-0359, meddy@prg.com; UK Media Contact: Alison Barclay, +44 1442 849400, Alison.barclay@xlvideo.com; Europe Media Contact: Morten Carlsson, +49 40 670 886-0, mcarlsson@prg.com, http://www.prg.com

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Production Resource Group LLC

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DigitalSound Production Services, Inc.

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