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SOUTHEAST APPRAISAL <br /> 3350 Riverwood Parkway,Suite 1900-19077,Atlanta,Georgia 30339 <br /> Phone: (770)883-6987; Fax: (866)839-7887 <br /> E-Mail: www.seannraise(amol.com,Webpage: www.seannval.com, <br /> BRIEF HISTORY OF THE FIRM <br /> Objectives Business Stve, Staff and Associates <br /> Southeast Appraisal was formed by Alex Ruden in 1988 to provide multi-disciplined (financial, real <br /> property, machinery and equipment, and inventory) appraisal and valuation services to firms and <br /> individuals located primarily in the southeast United States, and by extension nationally and <br /> internationally. Cost Segregation and Fixed Asset Accounting implementation services are also a <br /> significant element of our practice. <br /> Services have been completed for the purposes of acquisition accounting; Ad Valorem taxation; <br /> allocation of sale or purchase; bankruptcy; construction cost segregation; debt and/or equity <br /> restructuring; eminent domain; equitable dissolution; estate matters; fair value accounting; federal <br /> and/or state income tax compliance and/or planning; financing or refinancing, leasing, sale I leaseback <br /> or syndication; fixed asset control and information systems; insurance damage disputes, placement or <br /> proof of loss;purchase or sale of assets. <br /> Appraisal / valuation reports are completed for individuals, partnerships, corporations, the SEC, the <br /> IRS, other governmental agencies and entities, major national (Big 4) and regional accounting firms, <br /> law practices, financial planners, major / regional banks and commercial lenders, and investment <br /> banking firms. <br /> Our business style is to thoroughly comprehend the direct and indirect ramifications of the appraisal / <br /> valuation project. We then analyze and review the relevant value concepts and service levels, <br /> considering the relative costs and benefits, with our clients. Through this process, we provide the <br /> appropriate level of multi-discipline or single discipline service in a professional and timely manner, <br /> for an equitable fee. <br /> Certain staff members and associates are listed below(years experience in parenthesis): <br /> John B.Allen,CPA,CFF,CVA,financial,BS-Accounting I Economics,Indiana University(25) <br /> John Chapman,Jr.. MAI. real property, BOA-Finance,Georgia University,MBA-Emory University(30) <br /> Mark Dayman,CPA,ABV,CVA,financial,BA-Vermont University(30) <br /> David Eichner,ASA,CEA,m&e,machinery broker,industrial contractor(35),Las Vegas located <br /> Ryan Kinahan,ASA,CPA,m&e.BS International Business and Finance-Elon University(20) <br /> Larry LeDuc,AEA,machinery and equipment,machinery broker(30) <br /> Steve Noble,MAI,real property,BS Ag. Econ-NC State,MBA-Wake Forest University(30) <br /> Jim Reinhardt,financial,investment banking/financial,AB Econ-Princeton,MBA-Harvard(30) <br /> Alex Ruden,ASA, financial,real property,m&e,BA Accounting-Villanova and Rutgers University(50) <br /> Shelby St.John,valuation modeling,BS-Florida State University.MS-Georgia State University(15) <br /> We are looking forward to being of assistance by generally discussing appropriate appraisal/valuation <br /> alternatives, as well as addressing relevant procedures and strategies for your specific service <br /> application. <br /> Business Enterprise and intangible Asset Valuations:Real Property,Machinery/Equipment and Inventory Appraisals; <br /> Feasibility Studies,Solvency Opinions,Fairness Opinions;Reviews of Appraisals/Valuations of Others <br /> - 118- <br />