Morrison, Brown, Argiz & Farra, LLP Joins Forces With Fort Lauderdale's Peed, Koross & Finkelstein, PA

MIAMI - October 17, 2003 - Morrison, Brown, Argiz & Company LLP, the Miami-based accounting and management consulting firm, has changed its name to Morrison, Brown, Argiz & Farra, LLP, and expanded its capabilities in Broward, by joining forces with Fort Lauderdale's Peed, Koross & Finkelstein, PA (PKF).

In recognition of the contributions of Miguel G. Farra, CPA, JD, partner-in-charge of the Tax Department, the firm added a name partner to its moniker for the first time in 13 years. Farra has more than 28 years experience in the areas of tax planning and compliance, tax controversies, international tax and finance for private and publicly held companies. "Mike is an outstanding leader who has shown a tireless commitment to the firm," says Antonio L. Argiz, managing partner of Morrison, Brown, Argiz & Farra (MBAF). "In fact, thanks to the dedication of our entire team of professionals and support staff, led by the example of Mike and our other partners, the firm has achieved double-digit growth two years in a row in an economy where other regional firms have struggled for modest increases."

This year's growth at MBAF will be augmented by the addition of Billy M. Peed, CPA, Leroy Koross, CPA, and Ronald D. Finkelstein, CPA, shareholders of the prominent Ft. Lauderdale firm Peed, Koross & Finkelstein, P.A. The entire 15-person firm has joined forces with Morrison, Brown, Argiz & Farra, expanding the capabilities of the firm while also offering greater access to the more than 500 MBAF clients operating in Broward and Palm Beach counties.

"PKF maintains an excellent reputation in the community for both its work and its people," explains Argiz. "In addition to sharing many of our core strengths in business valuations, litigation support, and tax consulting, our two firms also bring together other diverse service offerings including a leading health care consulting practice, a cutting-edge technology consulting division, and a tremendous amount of experience in auditing and estate planning."

PKF Managing Shareholder Ron Finkelstein has developed a renowned Health Care Services Group, which is focused on helping physician group practices and other providers to reach their financial objectives. Leroy Koross is recognized as a leading authority in the areas of valuation and forensic accounting as it relates to matrimonial disputes, having worked on several high profile and complex divorce matters throughout his 30-year career. A past president of the Estate Planning Council of Broward County, Billy Peed practices largely in the Trusts and Estates arena.

According to Finkelstein, "Our team is proud to be part of this new chapter in a firm with a 34-year history in South Florida. One of the most compelling reasons behind our decision to join MBAF is knowing that our two firms share many business philosophies and objectives. Above all else, we want to provide our clients with the highest quality service possible."

Ranked 72 in Public Accounting Report's list of America's 100 largest Public Accounting Firms, Morrison, Brown, Argiz & Farra closed its most recent fiscal year with 12.3 percent growth. The Bowman's Accounting Report also has recognized the firm seven times, including this year, as one of the country's top 25 performing independent accounting firms.

Based in Miami , with offices in Fort Lauderdale , Florida and Boulder , Colorado , Morrison, Brown, Argiz & Farra LLP is one of the nation's leading independent accounting and management consulting firms. With a portfolio of services that goes far beyond traditional accounting, MBA provides business solutions to a broad range of clients, from individuals to public and private entities. For more information, visit www.mba-cpa.com.

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