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NAOC Holdings Acquires PC Club
Private equity firm helps fund technological retail
outlet’s expansion and continued growth

LOS ANGELES, CA – (May 15, 2008) – NAOC Holdings today announced they have acquired PC Club, a California-based personal computer retailing chain with 37 locations nationwide. The acquisition will strengthen NAOC’s already broad investment experience with consumer electronics and home appliance goods and will serve to bolster the company’s already technology heavy portfolio.

“Brick-and-mortar accessory computer stores are still a valued commodity in the US,” said NAOC Spokesperson Alan Hunter. “A technology retail outlet is the next logical addition to our portfolio, and we expect this will be a mutually beneficial relationship.”

NAOC Holdings has put together a group of legal, financial, and industry experts to build one of the leading home appliance conglomerates. The technology investment experience the company will bring to the relationship is invaluable for PC Club’s home computer appliance retail offerings.

“Our new relationship with NAOC Holdings will give us an opportunity to grow our market share and expand beyond the western and central US,” remarked Kim Chu, Senior Sales Manager at PC Club. “In addition, we’ll now have the ability to reorganize and to work on expanding our compelling product line.”

PC Club has existed as a computer parts store and repair center for professionals all across the country, offering upgrade kits, LCD monitors and other computer parts and services since 1992. The company expects the added infusion of funds to provide the means for them to expand from their current 37 locations.

The acquisition was effective as of May 15, 2008. Financial terms were not disclosed.

About NAOC