FOR IMMEDIATE RELEASE

KOLITA & COMPANY PRESIDENT

EARNS CVA DESIGNATION

Mentor, OH - Benedict A. Kolita, president of Kolita & Company CPAs, has earned the designation of Certified Valuation Analyst (CVA).

He was awarded the designation after completing a training program and passing a comprehensive exam sponsored by the National Association of Certified Valuation Analysts (NACVA). Candidates for the designation must be licensed Certified Public Accountants (CPAs).

Parnell Black, president of NACVA, said in his announcement that Mr. Kolita's completion of the degree "is an indication to the professional community that he has met the association's rigorous standards of professionalism, expertise, objectivity and integrity in the field of business valuation, litigation support, and related consulting disciplines."

CVAs provide business valuation and litigation support services, mostly on behalf of attorneys. They are uniquely qualified by virtue of the knowledge they gain from experience in tax, auditing, accounting for small businesses, financial analysis, as well as the background they have developed in dealing with the complexities of business valuations and litigation support services.

Business valuations are most commonly required when an attorney is involved in engagements such as adequacy of life insurance, bankruptcy and foreclosures, buy/sell agreements, charitable contributions, eminent domain, employee stock ownership plans, estate and gift taxes, initial public offerings, liquidation or reorganization, mergers or acquisitions, the sale of a business, split-up or spin-offs and succession planning. Litigation support needs for valuations include business disruption, divorce, partner disputes, dissenting shareholder situations, and wrongful death.

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 legal communities. Along with its training and certification programs, NACVA offers a range of support services, software programs, reference materials, and customized databases to enhance the professional capabilities and capacities of its members.

Kolita & Company CPAs are financial advisors and business consultants. Founded in 1987, their staff of professional have proven their ability to do a thorough job and are highly respected throughout the area. Through their continuing education in a rapidly changing field, Kolita & Company is able to provide just the right combination of consulting, accounting, tax and audit services to small businesses and large corporations. Their professional services are personalized for each clients needs. Litigation consulting services are provided in the areas of business valuations, economic loss and damage computations, trust analysis and dispute resolution. Tax services rendered include the areas of gift and estate taxation, income and franchise taxation, and direct assistance in dealing with the Internal Revenue Service and other tax authorities.

Contact Ms. Mary Moore, Kolita & Company, (440) 205-8299

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