Marks Paneth & Shron LLP Elects Harry Moehringer Co-Managing Partner

November 2, 2011

Will Co-Lead 475-Person Accounting Firm Alongside Mark Levenfus; Arthur Cannata to Become Managing Partner Emeritus, Continuing to Serve the Firm and Clients

New York, NY - (November 1, 2011) - Harry Moehringer, CPA, 54, Partner-in-Charge of the Real Estate Services Group at Marks Paneth LLP, has been elected Co-Managing Partner of the firm. Marks Paneth is a leading New York-based full-service accounting firm serving companies, entrepreneurs, non-profits and high-net worth individuals.

Mr. Moehringer will lead Marks Paneth alongside Co-Managing Partner Mark Levenfus and will assume the new role on January 1, 2012, from current Co-Managing Partner Arthur Cannata. Mr. Cannata will remain at Marks Paneth as Managing Partner Emeritus, maintaining key client relationships and assisting with the firm's growth strategy.

"Harry has emerged as one of Marks Paneth's most astute leaders, highly valued for his counsel and strategic input by both clients and colleagues. Harry has been a partner for more than 20 years and it feels very good to know that he represents the next generation of leadership. The firm and our clients benefit from the combination of his deep experience, fresh thinking and insights," said Mr. Levenfus.

Mr. Moehringer, who will continue involvement with key clients, has served for some time on Marks Paneth's Operating and Executive Committees, which are responsible for overseeing management and developing strategy. He provides audit, tax and advisory services to property owners, builders, R.E.I.T.s, construction contractors, real estate management firms and other businesses in involved in property acquisition, development and management. He also specializes in tax planning for high-net worth individuals. A graduate of Queens College of the City University of New York, Mr. Moehringer also serves on the board of directors of the North Shore Animal League. He is based in Marks Paneth's Manhattan headquarters.

About Marks Paneth LLP

Marks Paneth LLP is an accounting firm with nearly 475 people, of whom approximately 60 are partners and principals. The firm provides businesses with a full range of auditing, accounting, tax, consulting, bankruptcy and restructuring services as well as litigation and corporate financial advisory services to domestic and international clients. The firm also specializes in providing tax advisory and consulting for high-net-worth individuals and their families, as well as a wide range of services for international, real estate, media, entertainment, nonprofit, professional and financial services and energy clients. The firm has a strong track record supporting emerging growth companies, entrepreneurs, business owners and investors as they navigate the business life cycle.

The firm's subsidiary, Tailored Technologies, LLC, provides information technology consulting services. In addition, its membership in Morison International, a leading international association for independent business advisers, financial consulting and accounting firms, facilitates service delivery to clients throughout the United States and around the world. Marks Paneth LLP, whose origins date back to 1907, is the 30th largest firm in the nation and the 13th largest in the New York area. In addition, readers of the New York Law Journal rank Marks Paneth as one of the area's top forensic accounting firms.

Its headquarters are in Manhattan. Additional offices are in Westchester, Long Island and the Cayman Islands.