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June 16, 2000
FOR IMMEDIATE RELEASE

Ryan & Company Completes Acquisition of Tax Incentive Strategies.

Dallas, Texas -- Ryan & Company today announced the completion of its acquisition of Tax Incentive Strategies. Headquartered in Austin, Texas, Tax Incentive Strategies has worked with Fortune 500 companies located throughout Texas and the Southwest in the negotiation and application of all types of tax incentives, credits and abatements.

Tax Incentive Strategies is headed by Karin Richmond, an 18-year veteran of tax incentive work at the local, state and federal levels. In 1983, she was asked by then Governor White to Chair the Texas Enterprise Zone Board and as such governed the program for five years. Since that time, she has become an authority on tax abatements, credits, and refunds of all types, particularly in complex large business expansions or relocations. Tax Incentive Strategies' clients include many well-known Fortune 500 companies, including Owens Corning, Citgo Refining, Fed Ex, Texaco, and Borden.

"The acquisition of Tax Incentive Strategies further expands our capability to serve clients in the tax incentives field," said G. Brint Ryan, Managing Principal of Ryan & Company. "Karin Richmond and her group have achieved great success over the years by staying ahead of the needs of their clients and making a case for their needs before taxing bodies and the Texas Legislature. We are very excited to add the expertise of Tax Incentive Strategies to Ryan & Company's state & local tax consulting practice."

Tax Incentive Strategies, located in Austin, Texas, will be consolidated with the Austin, Texas operations of Ryan & Company. Ryan & Company, headquartered in Dallas, Texas, is one of the largest independent tax consulting firms in the United States. The firm specializes in providing state & local tax services primarily in the sales and use tax, property tax, franchise tax, and state income tax areas on a multi-state basis. Ryan & Company employs over 150 professionals serving many leading Fortune 500 companies located throughout the United States.

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

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