FOR IMMEDIATE RELEASE

January 7, 2002

KOLITA & COMPANY CPAs, SUCCESSFULLY PASS

INDEPENDENT REVIEW OF THEIR ACCOUNTING AND AUDIT PRACTICE

Mentor, OH – Kolita & Company CPAs, are pleased to announce the successful completion of the fourth independent peer review of their accounting and auditing practice. The review was undertaken as a condition of membership in the American Institute of Certified Public Accountants (AICPA), the national organization of CPAs in public practice.

After a thorough study of Kolita & Company’s procedures and work practices, the independent review concluded that the accounting firm exceeds control standards established by the AICPA and the Ohio Society of Certified Public Accountants. Ms. Carol-Ann Schindel, President of Kolita & Company, said that “Our firm is committed to the independent periodic peer review process to foster quality performance, and if requested, we will provide a copy of the report on the results of the review to all interested parties although we are not required to do so”.

In 1988, the members of the AICPA overwhelmingly approved a proposal to require members in public practice to participate in a practice-monitoring program. With the adoption of this proposal, the AICPA implemented a peer review program of unprecedented scope in the CPA profession or any other. Kolita & Company’s participation in peer review demonstrates the firm’s desire to measure up to the accounting profession’s high standards and demonstrates their commitment to maintaining and improving the quality of their practice.

Founded in 1987, Kolita & Company CPAs provides, in addition to accounting and audit services, business valuation services under the trademarked banner “Business Is Great; We Value It!” and information technology services under the trademarked banner “Aggressively Meeting Your Information Technology Needs”. Tax services rendered include the areas of gift and estate taxation, income taxes, and direct assistance in dealing with the Internal Revenue Service and other tax authorities.

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