Toppers (a Corvest Company)

Corvest Expands, Moves Toppers to 250,000 Sq. Ft. Facility
July 10, 2007

Corvest, St. Petersburg, Fla., the parent company of Adva-Lite, Toppers and It’s All Greek To Me, will relocate its Toppers operations to the company’s new 250,000 sq. ft. facility, close to the Corvest and Adva-Lite offices in St. Petersburg. The move is expected to be completed in September. “The new facility will improve work flow, inventory management and overall operating efficiency, which will result in better customer service,” said Robert P. Conway, CEO. Kirk Russell, the company’s eastern region director of sales, added: “This new facility is a milestone for a company that emerged from Chapter 11 two months ago. Now, we have a

Cerberus Capital Management Acquires Bankrupt Corvest
May 8, 2007

Corvest Promotional Products, Largo, Fla., the parent company of Adva-Lite, Toppers and It’s All Greek To Me, has been acquired by a subsidiary of Cerberus Capital Management. The deal will enable Corvest, which is currently operating under federal bankruptcy protection, to emerge from Chapter 11 on firm financial footing, according to company personnel. Mark Holland, Corvest vice president of marketing, said: “This is truly an exciting event for all of us. Cerberus is a first-class operation with a reputation for innovative thinking and inter-company collaboration. We believe this mindset, combined with the new capital structure, positions all the Corvest brands for an extremely successful future.” The

30-year Industry Vet Named President of Webb Company
April 24, 2007

Webb Company, Rosemount, Minn., recently announced the appointment of industry veteran Keith H. Olivit as the company’s president. Of the appointment, Alan Webb, founder/CEO, stated: “Keith’s extensive knowledge of the industry and his expertise in developing and managing leading industry supplier companies makes him an exceptional candidate to lead our company.” “We are committed to focusing on the needs and wants of distributors,” Webb continued. “Keith’s experience will assist us with managing our overall product selection, shortening our production time and expanding our growth categories of candy and mint products, as well as health and beauty products.” Olivit’s career in the