Vincent Parrillo Joins Pyramid Technologies as Vice President Sales and Marketing

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Pyramid Technologies, a leading manufacturer of currency validation solutions, announced today that they have hired Mr. Vincent Parrillo as Vice President Sales and Marketing. Mr. Parrillo will be responsible for the company's sales and marketing activities worldwide.

Pyramid Technologies is very pleased to have Vincent join our organization to help us continue our sales growth both domestically and internationally" said David Mays, CEO and founder of Pyramid Technologies. "We are excited to have Vincent on our team because he brings more than a decade of sales experience managing distribution channels and a track record for implementing profitable growth strategies," added Mays. Andy Ford of Hanover Partners whose firm purchased a majority stake in Pyramid just over a year ago said he is pleased with the hiring decision and other growth initiatives implemented since the acquisition.

Mr. Parrillo comes to Pyramid Technologies from SIMCO Electronics where he managed sales in Southern California. Previously, Mr. Parrillo was a Sales Director at Data I/O Corporation where he spent more than eleven years. While at Data I/O, Mr. Parrillo managed the US, European and Asian sales organizations over the course of his career.

Mr. Parrillo holds both a Bachelors and Masters Degree from the University of California, Irvine and has managed sales organizations both in the USA and in Europe. He is fluent in both English and German and has recently relocated from Los Angeles to Phoenix, AZ.
About Pyramid Technologies, Inc.

Pyramid Technologies, Inc. is a leading manufacturer of proprietary, patented bill acceptors; also known as bank note validators and currency validation equipment, used in slot machines, vending machines, amusement devices and other equipment. The products are a sophisticated combination of electro-mechanical hardware and software with capabilities to currently support 57 international currencies. Based in Arizona, Pyramid products are sold worldwide. For more information, please contact Anthony Valentini at 480-507-0088 or visit Pyramid Technologies at: http://www.pyramidacceptors.com

About Hanover Partners, Inc.
Founded in 1994, Hanover Partners, Inc. is a buyout sponsor with offices in Portland, OR and San Francisco, CA. Hanover and its institutional partners provide all the equity and debt to acquire majority positions in lower middle-market manufacturers with highly engineered products, as well as consumer products and business services companies, with operating income of at least $1.5 million and operating margins exceeding 10%.

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Anthony Valentini
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