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


GARIBALDI NAMED PRESIDENT AND CEO OF ISRAELOFF, TRATTNER & CO., CPAs

VALLEY STREAM, NY, January 4, 2002 – Israeloff, Trattner & Co., PC, one of the region’s leading certified public accounting, financial and management consulting firms is pleased to announce that Smithtown resident Michael J. Garibaldi, CPA/ABV has been named President and Chief Executive Officer.

A graduate of Hofstra University where he earned a Bachelor in Business Administration – Accounting, Mr. Garibaldi has risen through the ranks since joining the Firm as an Associate Staff Accountant in 1982. In his new position he will be responsible for managing the daily operations of the Firm, and guiding the Firm through it’s next era of growth. “I am honored to be elected the new President and Chief Executive Officer of Israeloff, Trattner & Co., and to have the opportunity to build on the achievements of my predecessors. The Firm is staffed with talented, dedicated people who share with me the determination to continue to build and enhance the services we offer our clients,” Garibaldi said. “I am looking forward to taking Israeloff, Trattner & Co. to the next level. Our goal is to continue to work with our clients to solve their most pressing business problems and further our reputation as a pre-eminent provider of professional services. I am very enthusiastic about what the future holds for us at Israeloff, Trattner & Co.”

Mr. Garibaldi will continue in his role as the officer-in-charge of Israeloff, Trattner’s Litigation and Valuation Consulting Group. This group provides clients with the valuation of minority and controlling interests in closely held businesses and professional practices for the purpose of acquisition, sale, estate tax and estate planning, shareholder litigation, equitable distribution, structuring buy/sell agreements, financial planning, arbitration and litigation.

Michael J. Garibaldi is a Member of the Institute of Business Appraisers (IBA), the American Society of Appraisers (ASA), the ASA Long Island Chapter, the AICPA and the NYSSCPA. He is a member of the Board of Directors of the NYSSCPA Nassau Chapter and has held a variety of positions on the Litigation Support Committee of the Nassau County and State Chapters of the NYSSCPA. A noted speaker and instructor, Mr. Garibaldi teaches his specialty to other professionals.

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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