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GPX Enterprises Staffs Up with Eric Steager as Vice President
October 23, 2007

Steager to drive deal flow and execution of middle market private equity investments

HAVERFORD, PA - Oct. 23, 2007 - GPX Enterprises, L.P. (“GPX” or the “Company”) proudly announces the appointment of Eric Steager as a Vice President. Founded in 2005 by Thomas Gravina and Michael A. Peterson, GPX is a private investment firm focused on the sponsorship, development, and management of selected private equity investments in operating companies and real estate through its subsidiary, GPX Realty Partners, L.P.

Mr. Steager joined GPX from Safeguard Scientifics, Inc. (NYSE: SFE), a Wayne, Pa.-based publicly traded holding company, where he served as a Senior Associate responsible for various aspects of the execution of venture capital transactions and acquisitions.

At GPX, Mr. Steager will assist the executive team in building and managing a select portfolio of private equity investments, and be responsible for transaction execution and diligence, as well as evaluating new investment opportunities.

“Eric brings strong transactional experience and expertise to GPX,” said Jeff Coursen, Managing Director of GPX. “We are excited to have him join our team, as his skill set and capabilities should prove to be valuable assets to our private investment business.”

During his three-year tenure at Safeguard, Mr. Steager participated in a majority of their information technology transactions totaling more than $225 million. His additional experience includes significant finance and transactional experience with many of the country’s leading firms. This experience included leveraged buyout finance, with a total transactional value in excess of $5 billion, as a member of Bank One’s Principal Investor Group; and healthcare and industrial M&A and corporate restructuring with Houlihan Lokey Howard & Zukin and Ernst & Young, totaling in excess of $2 billion of transaction value. Prior to Safeguard, Mr. Steager was a founding member of an investment fund focused on acquiring middle market manufacturing companies in the Midwestern United States. Mr. Steager holds an M.B.A. with honors from the University of Chicago Graduate School of Business and a bachelor’s degree from Drexel University.

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.

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