Business Advisory Services, Inc.

BUSINESS VALUATION & FINANCIAL ADVISORY

Business Advisory Services, Inc. is an independent professional services firm providing business valuation, economic analysis and financial advisory services. We are specialists in the appraisal and valuation of closely held businesses. Shareholders of Business Advisory Services have been appraising privately held businesses since 1983. As part of our valuation services, we also conduct accredited seminars on valuation theory, practice and law. These seminars have been attended by thousands of CPAs, attorneys, business owners and financial professionals through the Northwest. The senior members of the firm are qualified expert witnesses having testified before courts and arbitration panels on numerous occasions. We have appraised in excess of 1,500 businesses for a variety of purposes including:

• Mergers and Acquisitions
• Federal Gift and Estate Tax Matters
• Employee Stock Ownership Plans (ESOP)
• Marital Dissolutions
• Bankruptcy
• Recapitalizations
• Buy-Sell Agreements
• Lost Profits and Damage
• Fairness Opinions
• Dissenting Shareholder Suits
• Incentive Stock Options
• Purchase Price Allocations
• Securities and Exchange Commission Matters

In addition to providing fairness opinions in merger and acquisition transactions, Business Advisory Services also represents both buyers and sellers of businesses in an advisory capacity.

Business Advisory Services is committed to professionalism and technical excellence. Each member of the firm has a minimum of a Masters Degree in Business Administration (MBA) and an advanced certification or specialty designation in valuation. Our relevant certifications, designations and professional affiliations include: Accredited Senior Appraiser (ASA), Chartered Financial Analyst (CFA), Certified Business Appraiser (CBA), Certified Public Accountant (CPA) and Accredited in Business Valuation (ABV). Unlike most valuation firms, the professionals of Business Advisory Services have "hands-on" experience in actually buying, selling and starting and operating closely held businesses. We know from personal experience how businesses are valued, how they sell and the factors that contribute to or detract from value.

To assure you of our quality business valuation and financial advisory please review our biographical information.

Jack Sparks

Steve Horsman

Lindon Greene