PRESS RELEASE

For additional information contact:
Maria D. Winslow
mwinslow@untracht.com

Untracht Early Hires Audit Manager

Morris County, New Jersey. June 7, 2004

Untracht Early & Associates is pleased to announce that Tina M. McDougal, CPA, has joined the firm as an Audit Manager. Tina's responsibilities include managing all aspects of client engagements and audit supervision. She is a graduate of Rutgers University and a member of the American Institute of Certified Public Accountants and the New Jersey Society of Certified Public Accountants. Prior to joining Untracht Early, Tina was employed as a Partnership Controller for a financial services firm located in Summit where her duties included include new business development, financial statement review and coordinating all aspects of client engagements for 30 private equity funds.

Untracht Early is a growing CPA firm offering a full range of accounting and auditing services together with tax and general business consulting services. The firm specializes in serving financial services industry clients, professional services practices, retail, closely held, entrepreneurial, and family owned businesses. Founded in 1993, Untracht Early is built on solid professional skills and strong working relationships with clients. Located in Florham Park, New Jersey, the firm employs a staff of 40 people.