PRESS RELEASE

For additional information contact:
Andrea Kriznauski
Marketing Coordinator
akriznauski@untracht.com

August 18, 2005

Untracht Early Accountants Receive Promotions

Florham Park, NJ -- Untracht Early LLC is pleased to announce that Thomas Edgar, CPA and Angela Garofalo, CPA have been promoted to Managers in the firm.

Thomas Edgar, CPA is a Manager in the Audit Department. He is responsible for managing all aspects of client engagements and audit supervision. Prior to joining Untracht Early in 2000, Thomas was a staff accountant for a wholesale distributor. A graduate of Kean University he holds a Bachelor of Science in Accounting. Mr. Edgar is a member of the American Institute of Certified Public Accountants, New York Society of CPAs and New Jersey Society of CPAs.

Angela Garofalo, CPA is a Manager in the Accounting and Auditing Department. She is responsible for managing all aspects of the firm's small business clients. Angela also monitors and implements staff training and assists with maintaining and enhancing the firm's quality control policies. She received a Bachelor of Arts degree in Economics and Business from Lafayette College. Prior to joining the firm in 2000, Mrs. Garofalo was an Auditor for an international public accounting firm and a Manager of financial reporting for a multinational diversified public company. She is a member of the American Institute of Certified Public Accountants and the New Jersey Society of CPAs.

Untracht Early is a mid-sized accounting firm located in Florham Park, New Jersey. The firm offers a full range of accounting, tax, auditing and consulting services. The firm specializes in serving a diverse clientele that includes investment partnerships, closely held and entrepreneurial businesses and provides Family Office Services to meet the needs of high net worth individuals and their families. Untracht Early holds itself to high standards and is built on solid professional skills and strong working relationships with their clients.