PRESS RELEASES

September 30 2003

Free Breakfast Seminar Teaches Business Owners How to Sell or Transfer Their Business Tax Free

FOR IMMEDIATE RELEASE

Moritt Hock Hamroff & Horowitz LLP and Eisner LLP will be co-hosting a breakfast seminar entitled, ‘Sell Your Business TAX FREE: Advantages of the ESOP.’ ESOPs (employee stock ownership plans) are one of the newest succession planning tools that offer owners of private companies tax advantages for themselves while giving their employees a share of the business. The seminar will take place in Long Island on Tuesday, October 21st at the Long Island Marriott in Uniondale from 8:00 am to 10:00 am. The same seminar will be held in New York City on Thursday, October 23rd at the Eisner LLP offices located at 750 3rd Avenue from 8:00 am to 10:00 am.

The seminar is geared towards the owners, directors and advisors of privately held companies and will provide its attendees with a fundamental understanding of ESOPs and how they work. The seminar will also go over new developments that make ESOPs even more attractive and accessible to owners, including greater tax incentives and reinvestment strategies that offer more liquidity and new financing sources. In addition, the benefits of the ESOP as a qualified retirement plan for employees will be discussed.

Speakers include Steve Horowitz of Moritt Hock Hamroff & Horowitz LLP and Peter Alwardt of Eisner LLP. Steve is the head of the firm’s tax and trust and estate practice and regularly advises clients and consults with other professional advisors in the structuring of ESOPs. Peter is a partner at Eisner LLP, specializing in employee benefits, tax, and ERISA issues and speaks often on topics such as ESOPs.

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