James Catty Chairman of the Board International Association of Consultants, Valuators and Analysts

Cendrowski Corporate Advisors, a financial operations consulting firm with offices in Chicago, IL and Bloomfield Hills, MI, created the proprietary CFD training program that is now licensed to IACVA for these international fraud training seminars. The first training seminar, entitled ³Certified Fraud Detection and Prevention,² is scheduled for May 10-14, 2009, in Manama, Bahrain.

"As a leading international law firm in the area of data security, Reed Smith ideally complements IACVA¹s mission to transfer knowledge of business valuation and fraud deterrence best practices throughout the world," said James P. Catty, IACVA Chairman of the Board. "IACVA will introduce this Certified Fraud Deterrence course and credential to Charter Members in seven countries and 8,000 associate members worldwide.

"We are proud to partner with IACVA, the world¹s largest accrediting and educational association in its field, to train attendees on country-specific variations in fraud regulations," said Reed Smith partner Carolyn H. Rosenberg, a member of the firm¹s Insurance Recovery Group who also serves on Reed Smith¹s Executive Committee. "While electronically stored and transmitted information is inherently global, the laws and enforcement mechanisms, as well as insurance protection, may reflect national and political borders."

Tarek F. Abdalla, a partner in our Abu Dhabi office in the United Arab Emirates, will lead Reed Smith¹s training effort in Bahrain. "Clients need to know how to prevent and uncover fraud in all its forms, as well as how to present their findings about fraud and corrupt practices to governmental bodies and courts," said Mr. Abdalla. "Reed Smith assists forensic investigations into fraud and corruption by educating clients about the current enforcement climate and the contexts in which fraud and corruption are likely to occur. The firm has broad experience in fraud and corruption investigations. We bring actions against parties committing fraud, as well as defend clients against allegations of fraud and corrupt practices."

"Reed Smith is the perfect partner for CCA¹s Certified Fraud Deterrence training program," said Harry Cendrowski, CCA Founder and IACVA's new Director of Education for Fraud and Forensic Services. "Reed Smith attorneys contributed important guidance on financial fraud deterrence to the CCA Handbook, reflecting their deep understanding of international data security regulations and litigation."

The certified fraud deterrence curriculum is based on the proprietary methodology contained in the The Handbook of Fraud Deterrence (Wiley, 2007), which Mr. Cendrowski co-authored with CCA team members James P. Martin and Louis W. Petro. Ms. Rosenberg, along with James A. Rolfes, a partner, and J. Andrew Moss, an associate, all in Reed Smith's Chicago office, co-authored a Handbook chapter entitled "Recent Corporate Governance Reforms Enacted to Deter Financial Fraud: The Sarbanes-Oxley Act of 2002 and Related Rules and Regulations."

IACVA was founded in 2000 to provide worldwide support to professionals who perform either valuations (for businesses, securities or intangible assets) or are engaged in fraud deterrence. IACVA is the largest international accrediting and educational association in its field with over 8,000 Associate Members. Charter Members currently exist in seven countries and regions: China, Germany, Ghana, South Korea, Taiwan, the Middle East and the United States. IACVA encourages the development and dissemination of consistent and demonstrable systems and techniques for both detection and prevention of fraud through best practices educational programs.