FOR IMMEDIATE RELEASE

March 3, 2004

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BENEDICT A. KOLITA APPOINTED BY GOVERNOR TAFT

TO SERVE ON LOCAL SCHOOL COMMISSION

The Ohio Department of Education announced today that BENEDICT A. KOLITA, a Certified Public Accountant (CPA) and Certified Valuation Analyst (CVA), had been appointed by Governor Bob Taft to serve on the Financial Planning and Supervision Commission for the Mentor Exempted Village School District.

The commission will oversee the finances of the Mentor school district which State of Ohio Auditor Betty Montgomery recently declared to be in fiscal emergency / state receivership.

The commission has five voting members who will work with the school district to develop a financial recovery plan that eliminates the conditions causing Fiscal Emergency. The commission must submit the financial recovery plan to the superintendent of public instruction for her approval. In order to implement the recovery plan, the commissions may assume all or part of the financial management responsibilities of the local board of education and administrators.

Mentor Public Schools are located 25 miles east of Cleveland on the shores of Lake Erie. Mentor school district employs 1,100 people who serve 11,000 students. There are 12 elementary schools, three junior high schools and one high school. Mentor is the fourteenth largest district in Ohio

Mr. Kolita has been providing accounting, tax, audit and business valuation services to the Lake County business community from offices located in Mentor Ohio for the past seventeen years. Currently, Kolita & Company has a staff of ten professional accountants.

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