CamelBak® Announces Partnership with Peregrine Outfitters

CamelBak® Products LLC, the world leader in hydration systems, today announced that it will partner with Peregrine Outfitters to distribute its line of water bottles and bottle accessories, effective immediately.

“We are thrilled to add the CamelBak line of bottles and accessories to our portfolio,” said Bob Olsen, President of Peregrine Outfitters. “Peregrine seeks to provide innovative products that incorporate cutting-edge technology, and the CamelBak bottle is a perfect example.”

The agreement with Peregrine enables CamelBak to achieve broader distribution of its award-winning bottles, according to Layne Rigney, VP of CamelBak Recreation Sales. “We could not have found a better partner than Peregrine Outfitters to help us achieve our goal of making it easier for specialty retailers to stock and replenish the CamelBak Bottle.”

The CamelBak bottle combines durable polycarbonate construction with the patented CamelBak Big Biteâ„¢ valve for a no-tip, no-drip hydration solution. The CamelBak bottle is available in three sizes (1 liter, .75 liter and .5 liter) and 13 colors. Various accessories for the CamelBak bottle line include the standard 63 mm cap that fits most water bottles, replacement straws and blue, black, clear and pink Big Biteâ„¢ valves.

Retailers interested in carrying the CamelBak Better Bottle should contact:

Tag Carpenter, Sales Manager
Peregrine Outfitters
P.O. Box 1500, 25 Omega Drive
Williston, VT 05495
Office Phone: 800-222-3088
Office Fax: 800-645-5002
www.peregrineoutfitters.com

About CamelBak
CamelBak Products, LLC. is the originator of the Hands-Free Hydration system. Since 1991, CamelBak’s state of the art packs and hydration systems have benefited athletes, outdoor enthusiasts, and military/government professionals around the world. CamelBak continues to deliver innovative hydration products to the market with the belief in the performance advantage that proper hydration can deliver in any situation. The company is a privately held portfolio company of Bear Stearns Merchant Banking (BSMB) and is headquartered in Petaluma, California.

About Peregrine Outfitters
Peregrine Outfitters distributes over 7,000 high quality accessories and books to outdoor retailers nationwide from its warehouses in Williston, Vermont and Ogden, Utah. The company has been headquartered in Williston, Vermont since 1988.

About BSMB
BSMB, the private equity affiliate of The Bear Stearns Companies Inc. (NYSE: BSC), invests private equity capital in compelling leveraged buyouts, recapitalizations and growth capital opportunities alongside superior management teams. BSMB focuses on making control or entrepreneur-driven investments, principally in middle-market retail, financial services and consumer products companies. Since its formation in 1997, BSMB has been an investor in over 50 portfolio companies. BSMB manages nearly $5 billion of private equity capital, including its new $2.7 billion institutional fund and capital dedicated to its affiliate, Bear Growth Capital Partners. Investments by BSMB have included: ACA Capital Holdings (NYSE: ACA), Balducci’s, CamelBak Products, Caribbean Financial Group, Cavalry Investments, Churchill Financial Holdings, Dairyland, Everything But Water, Harlem Furniture, Ironshore Inc., Multi Packaging Solutions, New York & Company (NYSE: NWY), Reddy Ice (NYSE: FRZ), Seven For All Mankind, Stuart Weitzman, Transamerican Auto Parts Company and The Vitamin Shoppe. More information about BSMB can be found at www.bsmb.com.