425

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K /A

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): July 30, 2007

ASCEND ACQUISITION CORP.

(Exact Name of Registrant as Specified in Charter)

Delaware	000-51840	20-3881465
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

435 Devon Park Drive, Bldg. 400, Wayne, PA	19087
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code: (610) 519-1336

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

x Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ASCEND ACQUISITION CORP. (“ASCEND”) IS HOLDING PRESENTATIONS FOR CERTAIN OF ITS STOCKHOLDERS, AS WELL AS OTHER PERSONS WHO MIGHT BE INTERESTED IN ASCEND’S ACQUISITION (“ACQUISITION”) OF EPAK RESOURCES (S) PTE. LTD. (“EPAK”), AS DESCRIBED IN ITS CURRENT REPORT ON FORM 8-K, FILED WITH THE COMMISSION ON JULY 31, 2007 (“REPORT”) AND AMENDED HEREBY. THE REPORT, AS AMENDED HEREBY, AND THE EXHIBITS FILED WITH THE REPORT, WILL BE DISTRIBUTED TO PARTICIPANTS AT SUCH PRESENTATIONS.

EARLYBIRDCAPITAL, INC. (“EBC”), THE MANAGING UNDERWRITER OF ASCEND’S INITIAL PUBLIC OFFERING (“IPO”) CONSUMMATED IN MAY 2006, IS ASSISTING ASCEND IN THESE EFFORTS WITHOUT CHARGE, OTHER THAN THE REIMBURSEMENT OF ITS OUT-OF-POCKET EXPENSES, ALTHOUGH EBC WILL BE PAID (1) A CASH FINDER’S FEE EQUAL TO 1.5% OF THE TRANSACTION CONSIDERATION (INCLUDING ANY ASSUMED INDEBTEDNESS) AND (2) DEFERRED COMMISSIONS OF $952,200 EARNED BY IT AS UNDERWRITER IN THE IPO AT THE CLOSING OF THE ACQUISITION. CHARDAN CAPITAL MARKETS, LLC ALSO IS ASSISTING ASCEND IN THESE EFFORTS FOR A CASH FEE OF $400,000 PAYABLE AT CLOSING, AND REIMBURSEMENT OF ITS EXPENSES. ASCEND AND ITS DIRECTORS AND EXECUTIVE OFFICERS AND EBC AND CHARDAN MAY BE DEEMED TO BE PARTICIPANTS IN THE SOLICITATION OF PROXIES FOR THE SPECIAL MEETING OF ASCEND’S STOCKHOLDERS TO BE HELD TO APPROVE THE TRANSACTION.

STOCKHOLDERS OF ASCEND AND OTHER INTERESTED PERSONS ARE ADVISED TO READ, WHEN AVAILABLE, THE PRELIMINARY PROSPECTUS AND PRELIMINARY PROXY STATEMENT AND FINAL PROSPECTUS AND DEFINITIVE PROXY STATEMENT IN CONNECTION WITH ASCEND’S PROPOSED REDOMESTICATION AND SOLICITATION OF PROXIES FOR THE SPECIAL MEETING BECAUSE THESE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION. SUCH PERSONS CAN ALSO READ ASCEND’S FINAL PROSPECTUS, 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 DEFINITIVE PROXY STATEMENT WILL BE MAILED TO STOCKHOLDERS AS OF A RECORD DATE TO BE ESTABLISHED FOR VOTING ON THE ACQUISITION AND CERTAIN RELATED MATTERS. STOCKHOLDERS WILL ALSO BE ABLE TO OBTAIN A COPY OF THE FINAL PROSPECTUS AND DEFINITIVE PROXY STATEMENT, WITHOUT CHARGE, BY DIRECTING A REQUEST TO: ASCEND ACQUISITION CORP., 435 DEVON PARK DRIVE, BUILDING 400, WAYNE, PENNSYLVANIA 19087. THESE DOCUMENTS, AS AND WHEN AVAILABLE, CAN ALSO BE OBTAINED, WITHOUT CHARGE, AT THE SECURITIES AND EXCHANGE COMMISSION’S INTERNET SITE (http://www.sec.gov).

2

Item 1.01 Entry into a Definitive Material Agreement

On July 31, 2007, Ascend Acquisition Corp. (“Ascend”), a Delaware corporation, announced that it had entered into an agreement and plan of reorganization, dated July 30, 2007, as amended (“Agreement”), by which it will acquire e.Pak Resources (S) Pte. Ltd. (“ePAK” or the “Company”). In connection with this acquisition, the public company will reincorporate and move its domicile from Delaware to Bermuda via a merger with Ascend Merger Corp., a wholly owned subsidiary of ePak International Limited, a Bermuda company. In the redomestication merger, all of Ascend’s outstanding common stock, warrants and purchase options will be exchanged for substantially identical securities of ePAK International Limited, on a one-for-one basis. At the closing of the transactions, ePAK International Limited will effect the acquisition of ePAK, and the current holders of the Ascend public company and the holders of ePAK will become holders of the ePAK International Limited public company, which will be the continuing public company after the acquisition.

On February 1, 2008, Amendment No. 1 to the Registration Statement on Form S-4, File No. 333-148427 (“Registration Statement”), was filed with the Securities and Exchange Commission (“SEC”) with respect to the previously announced proposed business combination between Ascend and ePAK. The Registration Statement is filed under the name ePAK International Limited.

The amendment to the Registration Statement can be viewed under the filings made for ePAK International Limited on the SEC website or directly at the following link: http://www.sec.gov/Archives/edgar/data/1422153/000119312508018043/ds4a.htm.

On February 15, 2008, Ascend issued a press release providing estimates of key financial results for ePAK for 2007. A copy of the release is attached to this Report as Exhibit 99.1.

Item 7.01 Regulation FD Disclosure

Attached hereto as Exhibit 99.2 is an updated investor presentation that will be used by Ascend and ePAK from time to time in its presentation to investors.

3

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

February 15, 2008	ASCEND ACQUISITION CORP.
	By:	/s/ Don K. Rice
		Don K. Rice
		Chairman of the Board and Chief Executive Officer

4

EX-99.1

Exhibit 99.1

Press Release

Contact Information:
Ascend Acquisition Corporation	Investor Relations:
Don K. Rice, Chairman and CEO	Crocker Coulson, President
Phone: 610-519-1336	CCG Investor Relations
Don@ascendgrowth.com	Phone: 646-213-1915
	Crocker.coulson@ccgir.com

FOR IMMEDIATE RELEASE

Ascend Acquisition Corp. Provides Merger Partner’s

Estimates for Key 2007 Financial Results

Wayne, PA and Austin, TX – February 15, 2008 – Ascend Acquisition Corp. (“Ascend”) (OTC BB: ASAQ, ASAQU, ASAQW), a special purpose acquisition company, today provided estimates of key financial results from its merger partner, e.PAK Resources (S) Pte. Ltd. (“ePAK”), for the fourth quarter and fiscal year ended December 31, 2007. These estimates are based on ePAK’s unaudited financial statements for these periods and are subject to modification in connection with the completion of ePAK’s audit for 2007.

Fourth Quarter 2007 Estimates

Based on ePAK’s unaudited financial statements, ePAK’s net sales for the three months ended December 31, 2007 were approximately $13.9 million, an increase of 38% from net sales of approximately $10.1 million for the same period in 2006. This growth was primarily driven by sales of wafer shippers, wafer transport media and data storage devices to new customers and an increase in sales to existing customers. Sales of IC handling products also increased during the quarter.

Based on ePAK’s unaudited financial statements, gross profit for the fourth quarter of 2007 was approximately $5.1 million, an increase of 41.7% from gross profit of approximately $3.6 million for the same period in 2006. Gross margin was approximately 36.8%, or 0.9% higher than the gross margin of 35.9% for the same quarter of 2006. The improvement in gross margin was due to the increased contribution of higher margin wafer products to the product sales mix, which was partially offset by higher outsourcing costs resulting from the full capacity status of ePAK’s manufacturing facilities.

Full Year 2007 Estimates

Based on ePAK’s unaudited financial statements, ePAK’s net sales for the year ended December 31, 2007 were approximately $46.7 million, up 29.1% from approximately $36.1 million in 2006. Gross profit for 2007 was approximately $16.4 million in 2007, up 25.2% from approximately $13.1 million in 2006. Gross margin during 2007 was approximately 35.0% compared to approximately 36.1% in 2006.

Steve Dezso, ePAK’s president, stated, “ePAK achieved strong growth in revenues and gross profit in 2007 despite our capacity constraints. Our gross margin in 2007 was slightly lower than in 2006 due to higher raw material costs, large scale facilities expansion, and high cost subcontract manufacturing due to demand outpacing internal capacity. In the fourth quarter, margins showed improvement as selling prices were adjusted to compensate for raw material costs. Further improvements are anticipated as our manufacturing capacity is expanded to fill available space and the need for high cost subcontracting will be reduced.”

Financial Condition

Based on ePAK’s unaudited financial statements, at December 31, 2007, ePAK had cash and cash equivalents of approximately $2.7 million, total assets of approximately $41.7 million, short-term bank borrowings of approximately $7.3 million and long-term debt, including the current portion, of approximately $1.5 million. ePAK’s unaudited financial statements reflect that during 2007 ePAK generated approximately $14.9 million of cash flow from operations, up from approximately $12.4 million in 2006. ePAK’s cash flow from operations remained strong, despite the need to increase inventories in order to support its rapid revenue growth. In 2007, ePAK had capital expenditures of approximately $5.6 million, which was used to triple its manufacturing space to 600,000 square feet and install new equipment.

Outlook

“In 2008, we expect to see continued revenue growth across all product lines and regions from both new and existing customers. Our high-margin wafer business will be the main driver behind our anticipated growth, and we will continue to develop new products and work closely with our customers to engineer, design and deliver solutions that meet their mission critical needs,” commented Mr. Dezso.

Mr. Rice stated “Following the completion of the merger, ePAK will have about $35 million in cash, providing management with the resources it needs to expand its business to meet existing demand and pursue strategic acquisitions. We are confident that our stockholders will agree that ePAK is an exciting, high growth company with an excellent future.”

Additional Information

In July 2007, Ascend entered into a definitive agreement to acquire ePAK. Under the terms of the agreement, as amended, at the closing of the transaction, our public company will become a Bermuda public company and acquire 100% of the outstanding capital stock of ePAK. Upon completion of the transaction, which is expected in the second quarter of 2008, the resulting public company will be named ePAK International Ltd. It is expected that ePAK International’s common stock and warrants will trade on the NASDAQ Global Market.

A registration statement and proxy statement under Form S-4 has been filed under the issuer name “EPAK INTERNATIONAL LIMITED” with the Securities and Exchange Commission in connection with the proposed acquisition of ePAK and redomestication of the public company to Bermuda. STOCKHOLDERS OF ASCEND AND OTHER INTERESTED PERSONS ARE ADVISED TO READ, WHEN AVAILABLE, THE FINAL PROSPECTUS AND DEFINITIVE PROXY STATEMENT IN CONNECTION WITH THE TRANSACTIONS AND THE SOLICITATION OF PROXIES FOR THE SPECIAL MEETING OF ASCEND’S STOCKHOLDERS BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION.

Once ePAK’s audit for fiscal 2007 is completed, audited financial statements for such year will be filed as part of ePAK International Limited’s registration and proxy statement under Form S-4. This audit is expected to be completed by the end of March 2008.

The final prospectus and definitive proxy statement will be mailed to Ascend’s stockholders as of a record date to be established for voting on the merger and redomestication. These documents also will be available without charge online at the Securities and Exchange Commission’s Internet site (http://www.sec.gov) and by mail through requests to Ascend Acquisition Corp., 435 Devon Park Drive, Bldg. 400 Wayne, PA 19087, Attention: T. Anderson.

Stockholders and other interested persons can also read Ascend’s final prospectus, dated May 11, 2006, for a description of the security holdings of Ascend’s directors and officers and of EarlyBirdCapital, Inc., the underwriters of Ascend’s initial public offering, and their respective interests in the successful consummation of the proposed transactions.

About e.PAK Resources (S) Pte. Ltd.

ePAK is a full-service designer, manufacturer and supplier of precision engineered products and solutions for the automated transport and handling of semiconductor and electronic devices. ePAK’s product areas include front-end wafer handling, back-end IC transport, and end-system sub-assembly handling. The Company’s products are sold globally to top tier global customers including semiconductor companies, system OEMs, and IC assembly and test operations. The company’s low cost, large-scale manufacturing

operations in Shenzhen, the People’s Republic of China (“PRC”) are centrally located to the semiconductor industry. ePAK’s executive offices are located in Austin, Texas and the Company maintains nine sales and applications engineering offices worldwide.

About Ascend Acquisition Corporation

Ascend Acquisition Corp. was formed on December 5, 2005 for the purpose of effecting a merger, capital stock exchange, asset acquisition or other similar business combination with an operating business. Ascend’s registration statement for its initial public offering was declared effective on May 11, 2006 and the offering closed on May 22, 2006, generating net proceeds of approximately $38.5 million from the sale of 6.9 million units, including the full exercise of the underwriters’ over-allotment option and the sale of 166,667 units to the Ascend’s Chairman and CEO, Don K. Rice. Each unit was comprised of one share of Ascend common stock and two warrants, each with an exercise price of $5.00. As of January 31, 2008, Ascend held approximately $40.8 million in a trust account maintained by an independent trustee, which will be released to Ascend upon the consummation of the business combination.

FORWARD LOOKING STATEMENTS

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 about Ascend, ePAK and their combined business after completion of the proposed business combination. These forward-looking statements are based on current expectations and projections about future events. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about us that may cause actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “projected,” “may,” “will,” “should,” “could,” “would,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “continue,” or the negative of such terms or other similar expressions. Factors that might cause or contribute to such a discrepancy include, but are not limited to changes to ePAK’s preliminary unaudited financial results reported in this press release following the completion of the audit, ePAK’s ability to grow future revenues and earnings, changes in demand for ePAK’s products, market acceptance of the ePAK’s products, changes in the laws of the People’s Republic of China that affect ePAK’s operations, and other factors that may be detailed from time to time in Ascend’s filings with the United States Securities and Exchange Commission and other regulatory authorities.

Contact Information:

Ascend Acquisition Corporation

Don K. Rice, Chairman and CEO

Phone: 610-519-1336

don@ascendgrowth.com

www.ascendgrowth.com

ePAK International Inc.

Steve Dezso, CEO

Phone: 512-231-8083

steve.dezso@epak.com

www.epak.com

Investor Relations:

Crocker Coulson, President

CCG Investor Relations

Phone: 646-213-1915

crocker.coulson@ccgir.com

www.ccgir.com

###

EX-99.2

1

Ascend Acquisition Corp.

Merger with

e.PAK

Resources (S) Pte. Ltd.

February 2008

Exhibit 99.2

2

Cautionary Statements

THE ATTACHED SLIDESHOW WAS FILED ON FEBRUARY 15, 2008 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

BY

ePAK

INTERNATIONAL

LIMITED,

THE

PUBLIC

COMPANY

FOLLOWING

THE

TRANSACTION

FILED ON FEBRUARY 1, 2008.  THE ATTACHED SLIDESHOW, AS WELL AS THE 8-K AND S-4, MAY BE

DISTRIBUTED TO ATTENDEES OF THESE PRESENTATIONS. ASCEND AND ITS DIRECTORS AND

EXECUTIVE OFFICERS 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 THE PUBLIC COMPANY TO BERMUDA (“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 OTHER INTERESTED PERSONS

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). CURRENT FILINGS AND FUTURE FILINGS WILL BE UNDER THE ISSUER NAME

ePAK

INTERNATIONAL LIMITED.

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, RISKS OF BEING DOMICILED

OUTSIDE OF THE UNITED STATES 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, THE BERMUDA

PUBLIC COMPANY 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

Over 500 customers worldwide including Toshiba, Texas Instruments and Seagate

No single customer accounts for more than 10% of sales

PRC-based operations led by veteran semiconductor industry team

Accelerating revenue and earnings growth

Revenues have a CAGR of 30%

Capital infusion provides further acceleration

Sustainable high margins

Mission critical for customer manufacturing yields

High barriers to entry

Advanced low cost manufacturing

Consistent market growth, low volatility

Single-use consumable products, recurring revenue stream

Demand driven by consistent semiconductor unit-volume growth

Multiple opportunities for large scale growth in $40 billion market

5

Post Transaction Capitalization

Investment

Primary Shares

Fully Diluted

Fully Diluted +

Incentive Shares

  Ownership Percent

Initial

Final

ePak Shareholders

8,601,002

8,601,002

8,866,577

50.10%

28.09%

SPAC Investors

Common

$38,502,000

8,566,667

8,566,667

8,566,667

49.90%

27.14%

Warrants

$70,666,670

14,133,334

14,133,334

44.77%

TOTALS

$109,168,670

17,167,669

31,301,003

31,566,578

100.00%

100.00%

Approximate cash at closing

$35,000,000

Approximate cash from Warrants exercised

$70,666,670

Total Cash

$105,666,670

Includes incentive shares

Incentive Based Compensation

Owners of ePAK, on an all-or-none-basis each year, will be issued

88,525 shares

of common stock if they achieve EBITDA in the

following amounts for 2008, 2009, and 2010:

Year

EBITDA (USD)

Enterprise Value/EBITDA

2008

$  14,727,000

4.4x

2009

$  24,268,000

2.6x

2010

$  37,935,000

1.7x

6

7

ePAK

Overview

Dedicated to servicing the Semiconductor and

Electronics Industry

Founded in 1999

600,000 sq foot central manufacturing: Shenzhen, PRC

Executive Offices:  Austin, TX

9 sales offices, 40 warehouses worldwide

Over 500 customers

1,500 employees

100+ English-speaking engineering and technical staff

ePak

provides its customers with a combination of highly engineered customized

products, value added services, delivery logistics and customer service

8

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

Officer

Position

Years in

Industry

Previous Experience

Steve Dezso

CEO

20

Peak, E-Systems

MS Khoo

COO

25

Peak, AMD, Thomson

Jim Thomas

CTO

23

Peak, Compaq, TI

Richard Brook

EVP Business Development

25

Peak, TI

Jason Lee

Senior VP Finance

5

Ernst & Young

Chun Chok

Senior VP South Asia Sales

16

Peak

Jeff Blaine

Senior VP North Asia Sales

23

Peak, TI

Executive Team

9

Systems

Automated Handling

Back End

Assembly & Test

Front End

Wafer Fabrication

ePAK

Provides Solutions from “Start to Finish”

ePAK

Value Chain

10

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

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

11% CAGR

Total Integrated Circuits

0

50,000

100,000

150,000

200,000

250,000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

Source: VLSI Research

11

Value Proposition

Design & Engineering

Unit volume driven and single use products

Engineering expertise

Proprietary products

Precision design and specifications

Highly customized

Service & Logistics

Customized vendor-managed inventory

Minimize expensive customer downtime

On-time delivery

Maximize customer efficiency

Manufacturing

Precision cleanroom

manufacturing

Low-cost, world-class facilities

Proprietary methods

Customers’

problems are ePAK’s

Opportunities

12

9 sales offices, 40 warehouses worldwide

Low cost, large scale manufacturing center

Central to semiconductor manufacturing

Short supply lines drive service advantage

Central Manufacturing, Global Supply

75%

15%

10%

13

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

Competitive Advantage

Engineering

Partnership

$40 B TAM

2008

$500 M TAM

2005

2001

Tape & Reel

20% of Sales

$150 M TAM

14

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

15

Organic Growth

Every $1.00 of capital expenditure generates $2.00 of sustainable annual revenue and $0.80

of gross profits

Acquisition Growth

Highly fragmented industry open for consolidation

Active dialogue with 20 targets

•

$20mn-$60mn in revenue per target

•

10% EBITDA margin

•

Immediate accretion to earnings

Capacity Growth

Recent expansion has tripled manufacturing space and doubled clean room space

Existing excess customer demand

Increased capacity and enhanced operational efficiency

Research & Development

Increase by 200% -

300%

Products currently in development:

High purity silicon handling

High density disk drive products

Other customer driven solutions

ePAKs’

Growth Strategy

16

Latest Growth Driver, Wafer Handling

Entered in 2005

~5% of TAM

Largest ePAK

performance driver

Sales: 2005 = 12%, 2006 = 22%, 2007

= 35%

50% -

60% gross margin range

Historically dominated by Entegris

(80%

of TAM)

Growth within Sales, CF from Ops, and CapEX

Audited results for 2004-2006 prepared in accordance with US GAAP; Audited 2002 and 2003 results prepared in accordance with  Singapore

GAAP; Unaudited

2007 estimates.

17

CF from Ops ($ in millions)

$0.0

$2.0

$4.0

$6.0

$8.0

$10.0

$12.0

$14.0

$16.0

$18.0

CF from Ops

$0.7

$1.2

$5.2

$6.5

$12.4

$14.9

2002

2003

2004

2005

2006

2007

84% CAGR

Sales ($ in millions)

$0

$10

$20

$30

$40

$50

Sales

$12.5

$15.4

$21.7

$27.0

$36.1

$46.7

2002

2003

2004

2005

2006

2007

30% CAGR

Capital Expenditures ($ in millions)

$0.0

$1.0

$2.0

$3.0

$4.0

$5.0

$6.0

$7.0

Cap Ex

$2.2

$2.6

$3.3

$3.3

$5.1

$5.6

2002

2003

2004

2005

2006

2007

18

Use of Proceeds

Investment in equipment and cleanrooms, rapid returns

Increase capacity to accelerate growth

Acquisition Growth

Highly fragmented industry open for opportunities

Active dialogue with 20 targets

•

$20mn-$60mn in revenue per target

•

10% EBITDA margin

•

Immediate accretion to earnings

•

Existing product line expansion

•

New product lines

New product development

High purity silicon handling

High density disk drive

Customer driven

18

19

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, consumable product

Multiple opportunities for large scale growth in a $40 billion market

Appendix

21

Summary Income Statement

Notes:

Higher raw material costs, large scale facilities expansion and high cost subcontract manufacturing due to demand

outpacing internal capacity contributed to the decrease in FY07 margins versus FY06.

Meanwhile, 4Q07 margins showed a

marked improvement as selling prices were adjusted to compensate

for raw material costs.

Further improvements are

anticipated as our manufacturing capacity is expanded to fill available space and high cost subcontracting can be pulled

back in-house.

* To be provided with 2007 audit by E & Y

Prepared in accordance with US GAAP. EBITDA excludes certain non-cash expenses items as shown on the U.S. GAAP

statement of cash flows

US$ in '000s

2004

2005

2006

2007

Target

( Preliminary

unaudited subject

to change )

Revenues

$21,732

$27,013

$36,146

$46,675

Growth

41.4%

24.3%

33.8%

29.1%

45.0%

Gross Profit

$7,175

$9,052

$13,063

$16,352

Margins

33.0%

33.5%

36.1%

35.0%

42.0%

EBITDA

$2,032

$3,430

$5,744

*

Margins

9.4%

12.7%

15.9%

24.0%

Net Income

-$88

$103

$2,179

*

Margins

-0.4%

0.4%

6.0%

18.0%

22

Comparative Valuation

Company Name

TEV/LTM

EBITDA

Forward

TEV/LTM LTM P/E

EBITDA

Market

Cap

Stock

Price

LTM

Revenue

LTM

EBITDA

LTM Net EBITDA

Income

Margin

Net

Income

Margin

Asyst

Technologies, Inc. (ASYT)

5.4x

3.4x

50.8x

130

2.63

490

35

3

7.2%

0.5%

ATMI Inc. (ATMI)

9.8x

8.7x

25.5x

921

27.34

350

69

38

19.8%

10.9%

Cabot Microelectronics Corp. (CCMP)

8.1x

8.0x

21.8x

806

33.77

350

74

37

21.1%

10.6%

Cree Inc. (CREE)

16.8x

11.9x

56.7x

2,720

31.66

434

101

40

23.2%

9.2%

Entegris

Inc. (ENTG)

8.6x

8.1x

19.9x

881

7.63

638

95

50

14.9%

7.8%

FormFactor, Inc. (FORM)

3.9x

5.8x

12.8x

1,010

20.76

440

121

80

27.5%

18.1%

Illinois Tool Works (ITW)

9.2x

8.5x

14.5x

26,300

48.84

16,170

3,130

1,830

19.4%

11.3%

MEMC Electronic Materials (WFR)

14.9x

12.5x

21.5x

17,460

76.56

1,920

930

826

48.4%

43.0%

Mean

9.6x

8.4x

27.9x

6,279

31.15

2,599

569

363

22.7%

13.9%

ePak(Based

$50.6M transaction consideration)

7.7x

20.2x

($ in millions, except per share data)

23

Don K. Rice –

Chairman and CEO

Co-founder of Ascend Acquisition Corporation

Responsible for overseeing investment and management of ~$1billion in ~80 private companies

1989 to current, Managing Partner of RSTW Partners and Capital Point Partners

Invests primarily in the subordinated debt/minority equity of micro cap companies

1984 to 1988

President and CEO of First Texas Merchant Banking Group

Specialized in providing subordinated debt financing

Vice President of PruCapital

(Prudential Insurance Company)

B.B.A and M.B.A from University of Texas

Steve Dezso –

CEO

1999 to current, ePAK’s

President, CEO, and director

Vice President of Peak International Limited

Responsible for North American operations

Vice

President

Business

Development

PC

Markets

for

NonVolatile

Electronics

and

Design

engineer for E-Systems

Bachelor

of

Science

degree

in

Electrical

Engineering

and

Masters

of

Business

Administration

degree from University of Texas

Strong Management Team

24

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

25

Semiconductor & Electronics

ePAK

Focus

26

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