May 31, 1999
FOR IMMEDIATE RELEASE

Ryan & Company Announces the Acquisition of John L. Ferrell Company.

Dallas, Texas -- Ryan & Company announced today that it completed its much anticipated acquisition of John L. Ferrell Company of El Paso, Texas ("JLFCO").

Brint Ryan, Managing Principal said, "This acquisition continues our efforts to become one of the leading property tax consulting firms in the nation." Ryan & Company is one of the largest independent tax consulting firms in the United States. The firm specializes in providing state and local tax services primarily in the sales/use tax, property tax, franchise tax, and state income tax areas on a multi-state basis. Ryan & Company employs over 100 professionals serving many leading Fortune 500 companies throughout the United States.

"The acquisition of JLFCO brings us a significant property tax presence in the Texas market. JLFCO’s success is due to the many long-term client relationships established. Some of these relationships span over 20 years, an impressive length in any industry, and particularly in the consulting industry," said Brint Ryan.

Mr. John R. Ferrell becomes a Principal in Ryan & Company and National Director of Property Tax Services. Mr. Ferrell has over 25 years experience in the property tax consulting industry and has been directly involved in many Texas legislative efforts including the establishment of the Texas Freeport Exemption. He also served on the first State of Texas Property Tax Consultant Advisory Council and co-authored the Code of Ethics and Standards of Professional Conduct currently used to regulate property tax consultants in the state of Texas. Mr. Ferrell will serve as Managing Principal of Ryan & Company’s El Paso office and, like all of the owners of Ryan & Company, will maintain a significant and ongoing responsibility for client services.

PRESS INFORMATION CONTACT:
G. Brint Ryan
Ryan & Company
972.934.0022
email: brint.ryan@ryanco.com

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