07/31/2007 Tarrytown-based Platt, Barth, Elson & Steinman P.C. Combines With Top-Ranked New York City-Based Accounting and Consulting Firm, Marks Paneth & Shron LLP

New York, NY - (July 31, 2007) – Marks Paneth & Shron LLP (MP&S), the 28th largest accounting firm in the United States and 15th largest in the tri-state area, has announced that, effective July 1, 2007, Platt, Barth, Elson & Steinman P.C., a Westchester-based firm, has combined with MP&S and will operate under the name of Marks Paneth & Shron.

The breadth and depth of resources that will be made available through the enhanced firm will provide clients in Westchester, Rockland and Fairfield counties with the quality of accounting, audit, tax and consultant services they require. While MP&S has an existing presence in Westchester, the addition of Platt, Barth, Elson & Steinman adds resources and allows MP&S to provide additional services to clients in the northern suburbs.

"Because of the similarities between our two firms, combining with the professionals of Platt, Barth, Elson & Steinman was a natural step. This enables us to deliver on our commitment to clients to improve the service we offer them through an expanding menu of highly specialized tax, accounting and consulting services that keep pace with their evolving needs," said Mark Levenfus, managing partner of MP&S. "We look forward to having the staff of Platt, Barth, Elson & Steinman join us."

As a result, the two Platt, Barth, Elson & Steinman P.C. partners, Paul Elson and Marshall Steinman, and their staff will join the 56 partners and principals and over 400 additional staff members of MP&S.

"We are delighted to be joining forces with MP&S," said Paul Elson. "Both our firms offer personalized service to a similar clientele which includes high net worth individuals and their families as well as closely-held businesses. This arrangement capitalizes on our synergies while growing our resources and expanding our service portfolio."

The Platt, Barth, Elson & Steinman team will remain at their current 660 White Plains Road, Tarrytown, NY address. MP&S Partner Richard Hecht, who has strong ties with the Westchester business community, will work with the partners of Platt, Barth, Elson & Steinman P.C. to facilitate the integration at the Westchester location.

About Marks Paneth & Shron LLP

Marks Paneth & Shron LLP, whose origins date back to 1907, provides a full range of accounting, tax, financial and management advisory services. Among its niche practices are real estate, media and entertainment, nonprofit organizations, financial and tax planning for high net worth individuals, professional service businesses, international taxation and energy industries. In addition, MP&S provides litigation and forensic accounting services and valuation services as well as a full range of international tax planning and consulting services for clients with interests overseas. The firm's subsidiary, Tailored Technologies, LLC, provides information technology consulting services. Marks Paneth & Shron LLP is headquartered in New York, NY with additional offices in Woodbury and Tarrytown, NY.

Carolyn Moses
Marks Paneth & Shron LLP

Suzanne Dawson
Linden Alschuler & Kaplan