News

Advanced Inventory Solutions Inc. Establishing New Operations in Dorchester County

Columbia, South Carolina

November 19, 2012 – Advanced Inventory Solutions Inc., a provider of
inventory auditing services, today announced that has located new operations in
Dorchester County. The $250,000 investment is expected to generate 35 new jobs.

"Our new location in Dorchester County provides an
excellent opportunity for our company. We look forward to building our business
there and adding new customers in the area. South Carolina provides us with an
excellent business environment, a skilled workforce, and we appreciate all the
support we’ve received from state and local officials," said Tim Bayer,
president of Advanced Inventory Solutions.

Advanced Inventory Solutions has located new
operations in an existing building in Summerville. The company will provide
physical inventory auditing services to retail customers, such as grocery
stores, convenience stores, pharmacies and specialty retail stores, among
others.

"We work hard every day to show companies the
benefits of doing business in South Carolina, and so it’s exciting to see
announcements like this one. We celebrate Advanced Inventory Solutions’
decision to invest and create 35 new jobs in Summerville," said Gov. Nikki
Haley.

The new operation represents Advanced Inventory
Solutions’ first location in South Carolina. The company also provides a range
of additional services to customers, including competitive pricing tracking and assessment, product buy-back
coordination, defective write-ups, out-of-stock reporting and pricing
assistance.

"More and more businesses are seeing a world of
opportunity that South Carolina provides. Investments like this one from
Advanced Inventory Solutions bring new jobs to our communities and help make
them sustainable. Every one of these jobs will have an impact in Summerville,"
said Secretary of Commerce Bobby Hitt.

"We are delighted and very proud Advanced Inventory
Solutions has chosen Dorchester County for their location," said Chairman Larry
Hargett of Dorchester County Council. "Their decision is a testament to
the quality of our community and the determination of the team that worked to
make this investment possible. When a company invests in this area and
creates jobs, it’s not only a win for Dorchester County, but a win for the
entire region."

"I am pleased to welcome Advanced Inventory Solutions, Inc.’s regional support
office to Summerville. Our area’s blend of businesses was a driving force
in bringing this project to fruition. AIS’s inventory auditing solutions
should be beneficial to grocery, convenience stores, other retailers and
pharmacies. We look forward to a long and profitable stay for AIS in
Summerville," said Mayor Bill Collins.

"Advanced Inventory Solutions will be an asset to the
Charleston region," said Wayne Hall, Charleston Regional Development Alliance
Board chairman. "Our business friendly climate, Piggly Wiggly’s significant
presence and our ready supply of highly-skilled workers are critical factors in
AIS’s decision to locate here, and we’re glad they have."

"Piggly Wiggly was searching for an inventory
solutions provider. We needed a company that would provide us with the most
accurate physical inventory count, give us a higher level of technology and truly
partner with us in those efforts. We feel we found that with AIS. We look
forward to a long and mutually beneficial relationship with them," said Lynn
Willard, vice president of asset management for Piggly Wiggly.

The company is in the process of hiring for the new
positions. Anyone interested in job opportunities should contact Holle Gridley
at (616) 459-8712 or humanresources@aisservice.com
for further information.

For more information about Advanced Inventory
Solutions, please visit www.aisservice.com.

About S.C. Department of Commerce

As South Carolina’s leading economic development
agency, the Department of Commerce works to recruit new businesses and help
existing businesses grow. Commerce won the Gold
Shovel Award and the Project of Year Award from Area Development magazine in
2012. Commerce has been part of recruiting world-class companies to South
Carolina such as Boeing, Bridgestone, Continental, Monster.com, Heinz, ZF
Group, BMW and Google Inc. Commerce also supports small and existing business,
rural development initiatives and offers grants for community development. For
more information, visit www.SCcommerce.com.