CONTACT: William E. Philbrick, CPA, MST, CVA Greenberg Rosenblatt Kull & Bitsoli, P.C. 508-791-0901 wphilbrick@GRK&B.com

GRK&B’s Philbrick Earns Certified Valuation Analyst Designation

WORCESTER, Mass., Jan. 20, 2003 - Greenberg Rosenblatt Kull & Bitsoli, P.C., one of the region's leading accounting firms, announced today that Senior Vice President William E. Philbrick, CPA, MST has earned the designation of Certified Valuation Analyst (CVA) from the National Association of Certified Valuation Analysts (NACVA®).

The CVA's expertise is useful in the purchase or sale of a business, succession planning, buy-sell agreements, charitable contributions, estate and gift taxes, and initial public offerings. In the litigation arena, valuations are necessary when there is a business disruption, dissenting shareholder actions, a divorce or partner disputes.

In addition to serving as Senior Vice President, Philbrick is a Tax Director and a member of the firm’s Board of Directors. He serves as the contact partner for the firm’s association with Jeffreys Henry International (JHI) and is a member of JHI’s Regional Executive Committee. He has more than 34 years of tax experience, including 12 years with the Internal Revenue Service, where he served in a variety of positions, ranging from Internal Revenue Agent to Chief, Examination, Andover Service Center. He was a member of the IRS Regional Commissioner’s Advisory Group.

Philbrick is also a member of the Massachusetts Association of Public Accountants’ Annual Tax Conference Planning Committee. In addition, he is a member of both the Federal Tax Division and the Information Technology Division, and served on the Tax Policy and Simplification Committee of the American Institute of Certified Public Accountants. He is a former Chairman and current member of the Federal Taxation Committee and the Public Relations Committee of the Massachusetts Society of Certified Public Accountants. He is a past Chairman of the International Trade Committee of the Worcester Area Chamber of Commerce and is a member of the AdClub of Greater Worcester.

He earned a master’s degree in taxation and an advanced professional certificate from Bentley College, and serves on Bentley Graduate School’s Tax Advisory Board. He earned a bachelor’s degree from Salem State College.

The National Association of Certified Valuation Analysts is a global, professional association that supports the business valuation and litigation consulting disciplines within the CPA and professional communities.

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Greenberg Rosenblatt Kull & Bitsoli, P.C. (www.GRK&B.com) of Worcester, Mass. is one of the region's largest independent accounting firms. With a staff of 70, GRK&B provides comprehensive accounting and consulting services for corporations, partnerships, individuals, trusts, estates, non-profit organizations, limited liability companies, sole proprietors and others.