Retail security firm to develop new technologies and increase pace of growth

HARMONDSWORTH, England, and FORT LAUDERDALE, Fla. (DATE) – TCI Ltd., trading as TAG Company, a fast growing retail security company, announced that it has closed a round of growth capital funding. TAG receives $5.6 million from Adurion Global Opportunities Fund Ltd. (AGOF), a mid market investment fund.

“We are pleased to have the backing of the Adurion group. Adurion and its parent company Armada Investment Group, have a proven track record of successful investments in growing technology companies. Over the last few years, TAG Company has invested internally in the development of exciting new technology and applications. We now have the necessary working capital to bring these innovations to a waiting marketplace. In the next two quarters, we will launch three breakthrough products that will revolutionize aspects of our industry.” said Mark Krom, TAG’s President and CEO.

TAG Company is a provider of Electronic Article Surveillance (EAS) systems and supplies, competing with Sensormatic Electronics (ADT) and Checkpoint Systems. The company sells, installs, and services both of the leading industry technology platforms:  Swept-RF and Acousto-Magnetic in its portfolio of exit and point-of-sale systems, accessories, tags, and labels. TAG has installed two of the largest chain-wide EAS rollouts in the global marketplace in the last two years.

The investment structure is up to $5.6 million in convertible 5 percent Secured Loan Notes to TCI Ltd., the Bermuda corporation parent of subsidiaries TAG Company UK Limited and TAG Company US LLC. The notes are convertible up to 27.5 percent of TCI Ltd. Shareholders in the company include Mr. Krom, London-based Woolworths Holdings Ltd., and Richard Cowan of Farnham Common, England.

Joining TAG’s Board of Directors from Adurion are Patrick Teroerde and Dr. Jürg Gassmann. Mr. Teroerde, Executive Director of Adurion, stated, “We are excited by TAG Company’s growth potential. Our criterion is to invest in promising but established companies with a track record of increasing revenues and positioned for high growth multiples. We’re impressed with TAG’s management team and believe that their new products will deliver great value to the company.”     

“From its inception, TAG's mission has been to be a major player and solutions provider in the retail tagging sector,” Krom said. “We plan to increase our pace of growth and expand our market share. We will continue to develop breakthrough products that will likely yield additional growth opportunities. Most of all, we want to build upon our status as a respected and superior solutions provider to retailers across the globe.”

About TAG Company

TAG Company is a privately owned, leading provider of anti-shoplifting solutions, offering radio-frequency and acousto-magnetic detection systems, tags, and labels.  This year the company will secure more than 1 billion consumer products. As a natural extension of item-level in-store tagging, TAG provides Smart Tagging and Source Tagging solutions.  To learn more about how TAG helps retailers around the world Keep and Track their merchandise, or to ask about reseller opportunities, visit us at www.tagcompany.com.

About Adurion Capital

Adurion Global Opportunities Fund is a mid market investment fund and was advised by Adurion Capital Ltd. Adurion Capital is a unique mid-market investment boutique with global reach and capabilities. Based in London, Adurion Capital focuses on financial advisory and principal investments, across a broad range of industries. Our professionals have substantial experience in both international advisory and principal investments. Adurion Capital is a disciplined value investor with clear and transparent investment criteria.

Media Contact Information:
Website:           www.tagcompany.com
E-Mail:              media@tagcompany.com
UK/Europe:       +44 (0)800 389 1706

Adurion Global Opportunities Fund Contact:
Patrick Teroerde
Executive Director
+44 (0)20 7569 9066