Marks Paneth & Shron LLP Names Brian L. Fox CFO

June 1, 2011

Addition Designed to Support the Accounting Firm's Growth and Expansion

New York, NY - (June 1, 2011) – New York-area accounting firm Marks Paneth LLP has appointed Brian L. Fox, CPA, 36, as Chief Financial Officer.

At Marks Paneth, Mr. Fox will oversee a strong financial team and spearhead a financial strategy to support the firm's ongoing growth and expansion. Marks Paneth is currently the 30th largest accounting firm in the nation and the 13th largest in the New York area. It employs approximately 475 professionals.

"As we continue to grow and to expand our range of client services, we are committed to building on the work of our finance team ensuring that we have the structure and systems in place to anticipate the needs of our clients and our people," says Arthur E. Cannata, CPA , and Mark Levenfus, CPA, Managing Partners of Marks Paneth. "The CFO position is a key element of our expansion. Brian will help us continue our growth trajectory."

Mr. Fox has extensive experience in leading the finance function in complex client-service settings. Mr. Fox most recently served as Chief Financial Officer of Loureiro Engineering Associates, a Hartford, Connecticut-based environmental engineering and construction firm. While at Loureiro, Mr. Fox was responsible for the overall accounting and finance function, including oversight of monthly client billings, project cost variances, management of 401(K) and employee stock ownership plans and treasury management. He was previously a Divisional CFO for Construction Services and Consultants, Inc., a West Palm Beach, Florida-based construction management firm.

Mr. Fox started his career at Arthur Andersen LLP, where he served as a senior associate in the firm's Assurance and Business Advisory Services division, based in Hartford, Connecticut, and West Palm Beach, Florida. He holds a Master's degree in general management with a concentration in finance from Harvard University and a Bachelor's degree in Accounting from the University of Connecticut. Mr. Fox resides in Stamford, Connecticut.

About Marks Paneth

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, 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 JHI, the 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. For more information, please visit www.markspaneth.com.