As previously announced, a newly established entity owned by the Company’s current lenders had been named on February 14, 2014 as the stalking horse bidder in Classic’s court-supervised auction process under Section 363 of the Bankruptcy Code. Classic completed a marketing process to seek the highest and best offer to acquire its business in accordance with the bid procedures approved by the court. Classic will now move forward to have the sale to funds managed by Apollo Global Management approved by the court on April 29, 2014, and completed by the end of May. Upon completion of the sale transaction, Classic will be financially and operationally stronger – with more extensive product and service capabilities and outstanding customer service.Classic Party Rental's vendors and clients can access additional information about the Company's sale transaction and Chapter 11 filing on its dedicated website, www.ClassicTransaction.com. The Company also has established a vendor and customer support center, which may be reached at 877-759-8814 (toll-free), 424-236-7261 (outside of the U.S. or Canada). Classic Party Rentals is advised in this transaction by Jefferies LLC, FTI Consulting, and White & Case LLP. About Classic Party Rentals Classic Party Rentals is the nation’s largest full-service event rental company with over 30 locations nationwide. The company services most major markets across the U.S. with its china, glassware, flatware, specialty linen, lounge furniture, lighting, heating, flooring and kitchen and catering equipment. Classic is also the leading nationwide provider of tents and clearspan structures under the brand, Classic Tents as well as providing multi-location services within the brand Classic Event Solutions. In addition to providing event rentals, Classic offers sales support and product and event management for more than 150,000 events per year including major sporting events, brand promotion, corporate events, celebrity weddings, charity events and private social events. For more information, please visit www.ClassicPartyRentals.com. About Apollo Global Management Apollo (NYSE: APO) is a leading global alternative investment manager with offices in New York, Los Angeles, Houston, Toronto, London, Frankfurt, Luxembourg, Singapore, Mumbai and Hong Kong. Apollo had assets under management of approximately $161 billion as of December 31, 2013, in private equity, credit and real estate funds invested across a core group of nine industries where Apollo has considerable knowledge and resources. For more information about Apollo, please visit www.agm.com.