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April 4, 2003
FOR IMMEDIATE RELEASE

Ryan & Company Selected as Tax Advisor to Los Angeles Business License Tax Review Team.

Los Angeles, California -- Ryan & Company, the leading independent national provider of state & local tax services, today announced that it has been chosen as tax advisor to the service team selected by the City of Los Angeles Office of Finance, Tax & Permit Division, to review alternatives to the Los Angeles Business License Tax. The service team is headed by MBIA MuniServices Company, with Burr Consulting taking the lead economic advisory role.

"This is recognition by an important taxing agency that Ryan & Company is one of the most experienced providers of state & local tax services in the country." Rich Carlson, Principal in Charge of the Los Angeles, California office, said. "We appreciate the City of Los Angeles' vote of confidence. What is doubly satisfying about this recognition is that it comes so quickly after Ryan & Company's successful launch of the Los Angeles office."

Ryan & Company's project team includes the original project team that crafted the 1997 study analyzing the Competitiveness of City Taxes and Fees, where the City of Los Angeles was compared to its competitive cities and various approaches were considered to improve the then current tax environment. The original team members are all at Ryan & Company and will be working on this project. In fact, the team members have over 50 years combined transaction tax experience.

Ryan & Company, headquartered in Dallas, Texas, opened its tenth office in Los Angeles in June of 2002. The opening of the Los Angeles office followed 11 years of successful growth in state & local tax services. The Firm is the largest independent state & local tax consulting firm in the United States, with offices in Atlanta, Austin, Baton Rouge, Chicago, Cleveland, Dallas, Denver, El Paso, Houston, and Los Angeles. The firm specializes in providing state & local tax services, primarily in sales and use tax, property tax, franchise tax, state income tax, and business license tax on a multistate basis. Ryan & Company employs over 300 professionals and support staff serving many Fortune 500 companies throughout the United States.

PRESS INFORMATION CONTACT:
Rich Carlson
Ryan & Company
213.626.8993
email: rich.carlson@ryanco.com

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