Production Resource Group, L.L.C. (PRG) and VLPS Lighting Services International, Inc. (VLPS) (OTC: LITE.PK) today jointly announced a merger agreement, under which a newly formed subsidiary of PRG would merge with and into VLPS, with VLPS becoming a wholly owned subsidiary of PRG. The new PRG would operate as PRG Lighting, PRG Audio and PRG Scenic Technologies. VLPS' sales in 2003 were $63.5 million.
The transaction, approved by the boards of both companies, is subject to the conditi