ATLANTA, Jan. 24, 2003 (PRIMEZONE) -- CBIZ Valuation Group (Nasdaq:CBIZ), a leading national valuation company, announced today that it has appointed Ray Nicholson Managing Director of the Southeast Region, which includes offices in Atlanta, Georgia and Charlotte, North Carolina. With 20 years of diversified business valuation experience, Mr. Nicholson has appeared as an expert witness in federal and state courts. Prior to joining CBIZ Mr. Nicholson served as a Director of Valuation Services at KPMG Consulting, Inc.
CBIZ Valuation appointed four other regional directors. The appointments support the new structure of the company, which was formed through the merger of CBIZ Valuation Counselors and Business Valuation Services that occurred last year.
Raymond Ghelardi, ASA, has been appointed Managing Director of the Northeast Region, which includes offices in Princeton, New Jersey and in New York City. A valuation professional for 20 years, Mr. Ghelardi is an experienced litigation support professional, and has testified in numerous state and federal courts, including the Supreme Court of the State of New York. Mr. Ghelardi focuses on mergers and acquisitions, healthcare, high-technology, and real estate feasibility.
An additional appointment was made in the Princeton office designating Domenic J. Falcone National Industry Director-Energy. Mr. Falcone will be responsible for business development in valuation, litigation support, management consulting and mergers and acquisitions in the energy and power industries.
Todd Poling, CPA, has been named Managing Director of the West region, overseeing valuation offices in Los Angeles and San Diego. Mr. Poling has significant experience valuing numerous types of businesses, with particular focus on financial instruments, including stock, options, warrants, and other derivative instruments and partnership interests.
Gregory Scheig, CFA, CPA, has been named Managing Director of the Southwest Region working from the Valuation Group's Dallas office. Formerly a senior manager at Deloitte Consulting, and prior to that a managing associate with FINANCO, Inc., Mr. Scheig is experienced with value-based management, merger and acquisition analyses, business valuation, and litigation support, particularly in the energy industry.
Beth Smoots, who has practiced valuation industry for 20 years, has been appointed Managing Director of the Midwest region, overseeing offices in Chicago, St. Louis, and Grand Ledge, Michigan. Ms. Smoots has consulted in a broad array of valuation settings and industries, and specializes in valuation for the health care industry.
CBIZ Valuation Group is made up of over 100 employees with extensive expertise in the valuation of tangible and intangible assets, contracts, securities, debt instruments, partnership interests and litigation claims. CBIZ Valuation Group has assisted many Fortune 500 and innumerable middle-market clients in valuing aspects of their business for internal planning purposes, tax planning, financial reporting, merger and acquisition planning and due diligence, litigation support and bankruptcy proceedings in many different industries.
CBIZ (Century Business Services, Inc.) (Nasdaq:CBIZ) is a provider of outsourced business services to small and medium-sized companies throughout the United States. As the largest benefits specialist, the eighth largest accounting company, and one of the ten largest valuation and medical practice management companies in the United States, CBIZ provides integrated services in the following areas: accounting and tax; employee benefits; wealth management; property and casualty insurance; payroll; IS consulting; and HR consulting. CBIZ also provides valuation; litigation advisory; government relations; commercial real estate; wholesale insurance; healthcare consulting; medical practice management; worksite marketing; and capital advisory services. These services are provided throughout a network of more than 170 Company offices in 33 states, the District of Columbia, and Toronto, Canada.
For further information regarding CBIZ, call the Investor Relations Office at (216) 447-9000 or visit www.cbiz.com.