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GPX Enterprises Appoints Jeff Coursen to Managing Director and Chief Operating Officer

Coursen to oversee development and performance of the Company’s portfolio of operating companies and real estate assets

HAVERFORD, PA - May 18, 2007 - GPX Enterprises, L.P. ("GPX" or the "Company") proudly announces it has appointed Jeff Coursen as Managing Director and Chief Operating Officer. GPX is a private investment firm, focused on the sponsorship, development and management of selected private equity investments.

Coursen is the former senior officer of ATX Communications, a Philadelphia-based integrated communications provider. His tenure at ATX was marked with many significant achievements; in 2006, The American Business Awards named him "Best Turnaround Executive of the Year" for his role in the successful reorganization and growth of ATX Communications.

At GPX, Coursen will be responsible for overseeing the development and performance of the Company’s portfolio of operating companies and real estate assets.

Founded in 2005 by Thomas J. Gravina and Michael A. Peterson, GPX makes private equity investments in operating companies and real estate (through its subsidiary, GPX Realty Partners, L.P.). Most recently, GPX Realty Partners completed the $60 million acquisition of a 77-acre, 570,000-square-foot corporate complex based in suburban Philadelphia, known as The Woods Office Center.

"Jeff’s proven ability to create value within a diverse organization is part of an invaluable skill set as we continue to build our private investment business," said Thomas J. Gravina, Executive Chairman and Co-Founder of GPX. "His understanding of how to direct the energies of an entrepreneurial organization in order to optimize its potential is a tremendous asset to GPX, its investors, and the companies and assets we acquire and develop."

While at ATX Communications, Coursen’s responsibilities extended throughout all levels of the organization, including strategic planning and execution, product development and management, sales and marketing, technical operations, customer operations, and finance. Under his leadership, ATX significantly improved key operating metrics and financial performance including gains in profitability, customer satisfaction, revenue acquisition, and overall competitive market position.

Consequently, ATX was recognized with several prestigious industry awards including the Enterpriser Award from the Eastern Technology Council in 2005; Product of the Year honors by Communication Solutions Publication in 2005; American Business Award’s "Best Customer Service Organizations in America" in 2006; and "Communications Company of the Year" in 2006 by the New Jersey Technology Council.

In addition to his corporate roles and accomplishments, Coursen was recently appointed Executive-in-Residence at Drexel University’s LeBow College of Business, which provides him the opportunity to serve as adjunct professor and work closely with the Graduate School of Business and Krall Center for Corporate Education. Coursen is also active in several professional boards and non-profit associations, including The Eastern Technology Council Board of Directors; the New Jersey Technology Council Board of Directors and Legislative Board; the Drexel University Krall Center Board of Directors; the International Financial Management Association-National Honor Society; the Dana Farber Boston Marathon Challenge; the Philadelphia Boxing Scholarship Foundation; and Squash Smarts, a Philadelphia youth enrichment program.

Coursen holds a bachelor’s degree from Ohio Wesleyan University and an M.B.A. from the Drexel University Executive M.B.A. Program. He also completed The Georgetown University Business School Professional Development Program and continues to participate in the Wharton School Executive Management Development Program.

About GPX Enterprises, L.P.

GPX Enterprises, L.P. is a private investment firm, focused on the sponsorship, development and management of selected private equity investments. Headquartered in the Philadelphia, PA region, with offices in Haverford, PA and Princeton, N.J., GPX Enterprises and its affiliates are owned and controlled by founding partners, Thomas J. Gravina and Michael A. Peterson.

Learn more about GPX Enterprises and its subsidiaries at www.gpxenterprises.com or contact Nicole Fries, Manager of Corporate Affairs and Development at (215) 259-2500.

© 2009 GPX Enterprises, L.P. All rights reserved.
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