EX-99.7 3 dex997.htm INVESTOR PRESENTATION Investor Presentation
1
Ascend Acquisition Corp.
Acquisition of
e.PAK Resources (S) Pte. Ltd.
Exhibit 99.7

2
Cautionary Statements
THE ATTACHED SLIDESHOW WAS FILED ON DECEMBER 10, 2007 ON FORM 8-K.  ASCEND IS
HOLDING FROM TIME TO TIME PRESENTATIONS FOR CERTAIN OF ITS STOCKHOLDERS, AS WELL AS
OTHER PERSONS WHO MIGHT BE INTERESTED IN PURCHASING ASCEND’S SECURITIES,
REGARDING ITS ACQUISITION OF E.PAK RESOURCES (S) PTE. LTD., AS DESCRIBED IN THE
REGISTRATION STATEMENT ON FORM S-4 FILED ON NOVEMBER 13, 2007.  THE ATTACHED
SLIDESHOW, AS WELL AS THE 8-K AND S-4, MAY BE DISTRIBUTED TO ATTENDEES OF THESE
PRESENTATIONS.  EARLYBIRDCAPITAL, INC. (“EBC”), THE MANAGING UNDERWRITER OF ASCEND’S
INITIAL PUBLIC OFFERING (“IPO”) CONSUMMATED IN MAY 2006, IS ASSISTING ASCEND IN THESE
EFFORTS AND WILL BE PAID A CASH FEE OF 1.5% OF CONSIDERATION PAID IN THE ACQUISITION
PLUS INDEBTEDNESS ASSUMED AND DEFERRED COMMISSIONS OF $925,000 AS THE
UNDERWRITER OF THE IPO AT THE CLOSING OF THE ACQUISITION.  ASCEND AND ITS DIRECTORS
AND EXECUTIVE OFFICERS AND EBC MAY BE DEEMED TO BE PARTICIPANTS IN THE SOLICITATION
OF
PROXIES
FOR
THE
SPECIAL
MEETING
OF
STOCKHOLDERS
TO
BE
HELD
TO
APPROVE
THE
ACQUISITION,
AS
WELL
AS
THE
RELATED
REDOMESTICATION
OF
ASCEND
AS
A
BERMUDA
PUBLIC
COMPANY (“BERMUDA PUBCO”).  STOCKHOLDERS OF ASCEND AND OTHER INTERESTED PERSONS
ARE ADVISED TO READ, WHEN AVAILABLE, ASCEND’S FINAL PROSPECTUS AND PROXY STATEMENT
IN CONNECTION WITH THE EXCHANGE OF BERMUDA PUBCO’S SHARES AND WARRANTS FOR THE
OUTSTANDING SHARES AND WARRANTS OF ASCEND AND ASCEND’S SOLICITATION OF PROXIES
FOR THE SPECIAL MEETING BECAUSE THIS DOCUMENT WILL CONTAIN IMPORTANT INFORMATION. 
SUCH PERSONS CAN ALSO READ ASCEND’S FINAL PROSPECTUS FROM THE IPO, DATED MAY 11,
2006, FOR A DESCRIPTION OF THE SECURITY HOLDINGS OF ASCEND’S OFFICERS AND DIRECTORS
AND OF EBC AND THEIR RESPECTIVE INTERESTS IN THE SUCCESSFUL CONSUMMATION OF THIS
BUSINESS COMBINATION.  THE FINAL PROSPECTUS AND PROXY STATEMENT WILL BE MAILED TO
STOCKHOLDERS
AS
OF
A
RECORD
DATE
TO
BE
ESTABLISHED
FOR
VOTING
ON
THE
ACQUISITION. 
STOCKHOLDERS WILL ALSO BE ABLE TO OBTAIN A COPY OF THE FINAL PROSPECTUS AND PROXY
STATEMENT, WITHOUT CHARGE, BY DIRECTING A REQUEST TO: ASCEND ACQUISITION CORP, 435
DEVON PARK DRIVE, BUILDING 400, WAYNE, PENNSYLVANIA 19087.  THE PRELIMINARY AND FINAL
PROSPECTUSES
AND
PRELIMINARY
AND
DEFINITIVE
PROXY
STATEMENTS,
ONCE
AVAILABLE,
CAN
ALSO
BE
OBTAINED,
WITHOUT
CHARGE,
AT
THE
SECURITIES
AND
EXCHANGE
COMMISSION’S
INTERNET
SITE
(HTTP://WWW.SEC.GOV).
……………...

3
Forward Looking Statements
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995:
THIS PRESENTATION AND ACCOMPANYING ORAL REMARKS MAY CONTAIN FORWARD-LOOKING
STATEMENTS
THAT
INVOLVE
RISKS
AND
UNCERTAINTIES
THAT
COULD
CAUSE
ACTUAL
RESULTS
TO DIFFER MATERIALLY FROM THOSE DESCRIBED.  SUCH FACTORS INCLUDE, BUT ARE NOT
LIMITED TO, THE COMPANY’S ABILITY TO EFFECT A BUSINESS COMBINATION, EPAK’S ABILITY TO
GROW FUTURE REVENUES AND EARNINGS, CHANGES IN DEMAND FOR EPAK’S PRODUCTS,
MARKET ACCEPTANCE OF THE COMPANY’S PRODUCTS, CHANGES IN THE LAWS OF THE PEOPLE’S
REPUBLIC OF CHINA THAT AFFECT THE COMPANY’S OPERATIONS, AND OTHER FACTORS DETAILED
FROM TIME TO TIME IN THE COMPANY'S FILINGS WITH THE UNITED STATES SECURITIES AND
EXCHANGE COMMISSION AND OTHER REGULATORY AUTHORITIES INCLUDING THE PROSPECTUS
AND PROXY STATEMENT TO BE FILED IN CONNECTION WITH THE PROPOSED ACQUISITION. THE
COMPANY UNDERTAKES NO OBLIGATION TO PUBLICLY UPDATE OR REVISE ANY FORWARD-
LOOKING STATEMENTS, WHETHER AS A RESULT OF NEW INFORMATION, FUTURE EVENTS OR
OTHERWISE. AS USED HEREIN, THE "COMPANY" MEANS THE COMBINED ENTITIES ASCEND
ACQUISITION CORPORATION OR THE CONTINUING ENTITY RESULTING FROM ITS AMALGAMATION
WITH A WHOLLY OWNED BERMUDA SUBSIDIARY AND EPAK RESOURCES (S) PTE LTD, FOLLOWING
THE INTENDED ACQUISITION OF EPAK BY ASCEND. THIS PRESENTATION SUPERSEDES ANY PRIOR
INVESTOR PRESENTATION FILED UNDER A CURRENT REPORT ON FORM 8-K REGARDING THE
TRANSACTIONS DESCRIBED HEREIN. EPAK’S FINANCIAL INFORMATION AND DATA CONTAINED
HEREIN FOR 2002 AND 2003 IN THE EXHIBITS HERETO HAS BEEN PREPARED BY EPAK AS A PRIVATE
COMPANY,
AND
WAS
PREPARED
IN
ACCORDANCE
WITH
THE
PUBLISHED
RULES
AND
REGULATIONS
OF THE SINGAPORE FINANCIAL REPORTING STANDARD AND HAS NOT BEEN AUDITED UNDER
UNITED STATES GENERALLY ACCEPTED ACCOUNTING PRINCIPLES AND MAY NOT CONFORM TO
SEC REGULATION S-X. FINANCIAL INFORMATION AND DATA CONTAINED HEREIN FOR PERIODS
OTHER THAN 2002 AND 2003 HAVE BEEN PREPARED IN ACCORDANCE WITH UNITED STATES
GENERALLY ACCEPTED ACCOUNTED PRINCIPLES. ALL FINANCIAL AMOUNTS PRESENTED HEREIN
AND
IN
THE
EXHIBITS
HERETO
ARE
IN
US
DOLLARS
UNLESS
SPECIFICALLY
NOTED
OTHERWISE.

4
ePAK Investment Merits
•
Leading full service supplier of semiconductor
transfer and handling products
•
Central, PRC-based operations led by veteran
semiconductor industry team
•
Accelerating revenue and earnings growth
•
Advanced low cost manufacturing
•
Consistent market growth, low volatility
•
Multiple opportunities for large scale growth in
$40 billion market

5
Semiconductor & Electronics
ePAK Focus

6
Transaction Consideration
Shares Issued to ePAK (no cash out at close or warrant conversion)
8,601,002
Closing Stock Price (ASAQ.OB) on Dec 3, 2007
$5.65
Equity Consideration
$48,595,661
Plus: Estimated ePAK Debt
~$7,000,000
Less: Estimated ePAK Cash
~($5,000,000)
Transaction Consideration
$50,595,661
Total Common Shares Outstanding Post Closing
17,167,669
Closing Stock Price (ASAQ.OB) on Dec 3, 2007
$5.65
Equity Value
$96,997,330
Plus: Estimated Debt
~$7,000,000
Less: Estimated Cash
(1)
~($40,000,000)
Enterprise Value
$63,997,330
EBITDA Earn-Outs
Year
EBITDA Hurdle
Enterprise Value / EBITDA
Earn-Out Shares
2008
$14,700,000
4.4x
88,525
2009
$24,300,000
2.6x
88,525
2010
$37,900,000
1.7x
88,525
265,575
Share Price Earn-Outs (Must Occur Within 6 Months of Closing)
Share Price Hurdle
Earn-Out Shares
$6.00
88,525
$6.50
88,525
$7.00
88,525
$7.50
88,525
$8.00
88,525
442,625
Warrant Conversion Earn-out (ASAQW.OB)
Shares Issued Upon Warrant Conversion When Share Price >= $8.50
442,625
Total Potential Earn-out Shares
1,150,825
(1) ePAK estimated cash of $5,000,000 plus Ascend estimated cash of $35,000,000 cash at closing.

7
Comparative Valuation
ePAK Trading Comparables
EV / Revenue
EV / EBITDA
Price / Earnings
Company
TTM
2007E
2008E
TTM
2007E
2008E
TTM
2007E
2008E
Amkor Technology Inc. (NasdaqGS:AMKR)
1.1x
1.1x
1.0x
4.5x
4.6x
4.4x
8.7x
8.7x
7.1x
Entegris, Inc. (NasdaqGS:ENTG )
1.4x
1.5x
1.4x
9.5x
8.5x
7.4x
22.1x
25.9x
18.8x
Illinois Tool Works (NYSE:ITW)
2.0x
1.9x
1.8x
10.2x
9.4x
8.6x
17.0x
16.4x
14.6x
MEMC Electronic Materials Inc. (NYSE:WFR)
9.2x
8.6x
6.9x
19.7x
17.8x
13.9x
31.1x
23.6x
18.5x
Peak International Ltd. (NasdaqGM:PEAK)
0.2x
NA
NA
NM
NM
NM
NM
NM
NM
Siliconware Precision (NasdaqGS:SPIL)
2.9x
2.5x
2.2x
8.0x
6.8x
6.0x
128.0x
10.6x
10.2x
Mean:
2.8x
3.1x
2.7x
10.4x
9.4x
8.1x
41.4x
17.0x
13.8x
ePAK (Based $50.6M transaction consideration)
1.2x
NA
NA
7.7x
NA
NA
20.2x
NA
NA
Note:  Data as of November 30, 2007.  TTM as of 9/30/07.
Source:  CapitalIQ.

8
ePAK Overview
Dedicated to servicing the semiconductor and electronics
industry
•
600,000 sq foot central manufacturing:  Shenzhen, PRC
•
Executive Offices:  Austin, TX
•
Founded in 1999
•
9 sales offices, 40 warehouses worldwide
•
Over 500 customers
•
1,500 employees
•
100+ English-speaking
engineering and technical staff

9
•
Core management team 15 years in partnership
•
Semiconductor industry veterans
•
75 top sales and senior manufacturing executives
together since 1992
•
23 patents granted, 31 patents pending
Peak, Compaq, TI
23
CTO
Jim Thomas
Ernst & Young
5
Senior VP Finance
Jason Lee
Officer
Position
Years in
Industry
Previous Experience
Steve Dezso
CEO
20
Peak, E-Systems
MS Khoo
COO
25
Peak, AMD, Thomson
Richard Brook
EVP Business Development
25
Peak, TI
Chun Chok
Senior VP South Asia Sales
16
Peak
Jeff Blaine
Senior VP North Asia Sales
23
Peak, TI
Executive Team

10
Systems
Automated Handling
Back End
Assembly & Test
Front End
Wafer Fabrication
ePAK Provides Solutions from “Start to Finish”
ePAK Value Chain

11
Blue Chip Customers

12
Favorable Market Environment
•
Highly fragmented global semiconductor market
•
ePAK’s products represent <2% of customers’
total cost
•
Customer
demand
driven
by
semiconductor
unit
volumes
–
Consistent YOY growth
–
Not
subject to cyclical semiconductor capital
equipment volatility

13
11% CAGR
Silicon Wafer Demand
0
1000
2000
3000
4000
5000
6000
7000
8000
9000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
Source: VLSI Research
Silicon Wafer Growth

14
Value Proposition to Customers
•
Design & Engineering
–
Outsourced engineering expertise
–
Proprietary products
•
Service
–
Customized vendor-managed inventory
–
Minimize expensive downtime
•
Manufacturing
–
Low-cost, world-class facility; clean rooms
–
Proprietary methods
Customers’
problems are ePAK’s Opportunities

15
Driving High Margins 
•
Consumable Products
–
Single use
–
Rapid velocity
–
Multiple transport segments
•
Critically Important
–
On-time delivery
–
Maximize customer efficiency
•
High Barriers to Entry
–
Precision design and specifications
–
Highly customized

16
•
Low cost, large scale manufacturing center
•
Central to semiconductor manufacturing
•
Short supply lines drive service advantage
•
JIT delivery
Central Manufacturing, Global Supply

17
ePAK
Diversified
(ENTG, 3M, ITW)
Niche
(Advantek, Peak,
CPAK)
Regional
(Dou Yee, Shinon)
Global
Service
Large
Capacity
Broad
Offering
Same Day
Delivery
Vertical
Integration
ePAK Advantage
Engineering
Partnership

$40 B TAM
2008
$500 M TAM
2005
2001
Tape & Reel
20% of Sales
$150 M TAM
18
•
Industry focused, rapid adoption, brand equity
•
Driven by new product introductions
•
Capitalizing on underlying business model strengths
Business Strategy Builds on Strengths
1999
IC Handling Trays
40%  of Sales
$250 M TAM

19
Latest Growth Driver, Wafer Handling
•
Entered in 2005
•
~5% of TAM
•
Largest ePAK performance driver
•
Sales: 2005 = 12%, 2006 = 22%, 9 Mo. 2007 = 35%
•
50 -
60% gross margin range
•
Historically dominated by Entegris (80% of TAM)

20
Sales ($ in millions)
$0
$5
$10
$15
$20
$25
$30
$35
Sales
$12.5
$15.4
$21.7
$27.0
$36.1
2002
2003
2004
2005
2006
30% CAGR
Consistent Sales Growth
Audited results for 2004-2006 prepared in accordance with US GAAP; Audited 2002 and 2003 results prepared in accordance with  Singapore GAAP. 

21
CF from Ops ($ in millions)
$0.0
$2.0
$4.0
$6.0
$8.0
$10.0
$12.0
CF from Ops
$0.7
$1.2
$5.2
$6.5
$12.4
2002
2003
2004
2005
2006
Accelerating Cash Flow
103% CAGR
Audited results for 2004-2006 prepared in accordance with US GAAP; Audited 2002 and 2003 results prepared in accordance with  Singapore GAAP. 

22
Capital Expenditures ($ in millions)
$0.0
$1.0
$2.0
$3.0
$4.0
$5.0
$6.0
Cap Ex
$2.2
$2.6
$3.3
$3.3
$5.1
2002
2003
2004
2005
2006
Capital Expenditures
•
Historically: $1 capex drives $2 in revenue

23
(US$ in millions)
Sep 30, 2007
Cash and equivalents
$       1.9
Total assets
$     38.0
Short-term debt
$       5.8
Working capital*
$     
1.2
Days sales outstanding            
76
Days inventory outstanding
121
Days payables outstanding
142
Current ratio*
1.06:1
Long-term debt
$       0.9
Total liabilities*
$     21.3
Shareholders equity*
$     16.7
Balance Sheet Metrics
Prepared in accordance with U.S. GAAP.
* Liabilities excludes $4.8 million due to parent holding co and equity includes $25.7 million contingent redeemable
common.

24
•
Consistent and Strong Revenue Growth
•
Strong Gross Profit Margins
•
Improving Margins with Scale
Summary Income Statement
(US$ in '000s)
2004
2005
2006
LTM Sep 07
Target
(unaudited)
Revenues
21,732
$       
27,013
$      
36,146
$     
42,833
$    
Growth
44.6%
24.3%
33.8%
24.9%
45.0%
Gross Profit
7,175
9,052
13,063
14,853
GP%
33.0%
33.5%
36.1%
34.7%
42.0%
EBITDA
2,025
3,436
5,750
6,558
EBITDA%
9.3%
12.7%
15.9%
15.3%
24.0%
Net Income
(88)
103
2,179
2,411
NI%
-0.4%
0.4%
6.0%
5.6%
18.0%
Capital Expenditures
3,321
3,306
5,099
4,927
Capex/Revenues
15.3%
12.2%
14.1%
11.5%
Prepared in accordance with US GAAP. EBITDA excludes certain non-cash expense items as shown on the
U.S. GAAP statement of cash flows.   

25
Use of Proceeds
•
Increase capacity to accelerate growth
•
New product development
–
High purity silicon handling
–
High density disk drive
–
Customer driven
•
Acquisition candidates
–
Semi materials space:  $40B, highly fragmented
–
Targets: inefficient business models, high cost
structures
25

26
Amalgamation/Redomicile in Bermuda
•
Surviving company ePAK International Limited
•
Bermuda registered corporation
•
All common stock and warrants outstanding
exchanged 1:1
•
Tax efficient corporate structure
•
Preserves capital and retained earnings where
they are most efficiently deployed
•
Nasdaq listed, prospective ticker EPAK

27
Investment Summary
•
Leading full service supplier of semiconductor
transfer and handling products
•
Central, PRC-based operations led by veteran
semiconductor industry team
•
Accelerating revenue and earnings growth
•
Advanced low cost manufacturing
•
Consistent market growth, low volatility
•
Multiple opportunities for large scale growth in
$40 billion market

28
Ascend Acquisition Corporation
Don K. Rice, Chairman and CEO
435 Devon Park Drive, Bldg. 400
Wayne, PA 19087
Phone: 610-519-1336
don@ascendgrowth.com
www.ascendgrowth.com
ePAK International Inc.
Steve Dezso, CEO
4926 Spicewood Springs, #200
Austin, TX 78759
Phone: 512-231-8083
steve.dezso@epak.com
www.epak.com
Investor Relations
Crocker Coulson, President
CCG Elite
1325 Avenue of the Americas, Suite 2800
New York, NY 10019
Phone:  646-213-1915
crocker.coulson@ccgir.com
www.ccgir.com
Contact Information