NEWS RELEASE Contact Person: Lisa B. Waterman
    Director of Marketing
FOR IMMEDIATE RELEASE Phone: 516-872-3300
  Fax: 516-872-3128
  E-mail: marketing@israeloff.com


ISRAELOFF TRATTNER ANNOUNCES FINANCIAL SERVICES ALLIANCE

VALLEY STREAM, NY, February 1, 2002 -- Israeloff, Trattner & Co., PC, one of the region’s leading certified public accounting, financial and management consulting firms is pleased to announce its alliance with AXA Advisors to provide a broad range of financial services for the New York metropolitan region. The new company will be known as Israeloff, Trattner Financial Services, Inc. and will offer a wide array of financial services and products through AXA Advisors*, a well-known financial products and services provider. “This alliance will strengthen the firm’s position within the community, and will enable us to better address the financial futures of our clients,” said President and Chief Executive Officer Michael J. Garibaldi, CPA/ABV.

The products and services that Israeloff, Trattner Financial Services will provide include mutual funds; life insurance; annuities, both deferred and immediate; disability income insurance; qualified employee benefit plans such as Keogh plans and 401(k) plans, and retirement planning services. Securities products and services are offered by AXA Advisors, LLC a subsidiary of AXA Financial. AXA Financial is a member of the global AXA Group which has operations in over 50 countries and has $839 billion in assets under management amounting as of March 31, 2001.

Founded over 65 years ago, Israeloff, Trattner & Co. currently has over 80 employees including 12 partners, and 60 professionals. With three offices located in Manhattan, Hauppauge and Valley Stream, the Firm provides a wide range of services for individuals and businesses in a number of industries. Their many services include accounting, auditing, business valuation, income tax consultation and preparation, litigation support, merger and acquisition consulting, management consultation, marketing, human resources and technology consulting, financial and estate planning. Affiliated offices are located around the world.

For more information, call or write Israeloff, Trattner & Co., P.C., 11 Sunrise Plaza, Valley Stream, NY 11580, 516-872-3300, or visit the web site at www.israeloff.com.

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* The affiliated companies AXA Advisors, LLC, AXA Network, LLC and The Equitable Life Assurance Society of the United States are not affiliated with, do not endorse, and are not responsible for the obligations of Israeloff, Trattner Financial Services Inc. AXA Advisors and its affiliates do not provide legal or tax advice.

** The above-named registered representatives offer securities through AXA Advisors, LLC (212-314-4600) member NASD, SIPC and are agents of The Equitable Life Assurance Society (New York, NY 10104). Registered representatives also offer variable and traditional life insurance and annuity products of Equitable and over 100 other companies through AXA Network, LLC an insurance brokerage affiliate. Disability insurance is underwritten by unaffiliated insurance carriers through AXA Network, LLC.

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