Venture Exit Partners, LLC Names Michael Diercks Regional Partner in Columbus, Ohio

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) July 19, 2009 -- Harrisburg, Pennsylvania--Venture Exit Partners, LLC announced today the addition of Michael Diercks as a Regional Partner in Columbus, Ohio.

Gregory S. Chelap, Managing Director of Venture Exit Partners, LLC issued the following statements:

"We bring together highly knowledgeable and ethical professionals from a variety of disciplines, who are dedicated to helping business owners and their advisors plan and execute the transfer of ownership, management and control. What sets us apart is our process which aligns the efforts of a company's directors, employees and advisors with the owners' objectives. We start by helping owners clarify their exit objectives and identify key drivers of the company's value. Then, we deliver results by designing strategies to build value and reduce the risks involved when transferring ownership, management and control.

We are very excited about the addition of Michael Diercks to our planning team. Mike has over 25 years experience in business leadership. He is an experienced business consultant and has held senior positions at General Motors, EDS, McQuay International, WLR Foods and RR Donnelley & Sons. This experience has enabled Mike to understand the challenges, opportunities and frustrations business leaders face in creating high-performance organizations capable of producing long-term, sustainable results."

Facts on Business: Almost 50% have no plan to transfer ownership, management and control, and the percentage is even higher for companies that have been in business for less than 20 years * Nearly 60% of closely held companies have failed to gauge the potential tax exposure upon a transfer of ownership * 25% are due to change hands within the next 5 years
* About 90% of owners of closely held companies would like to transfer ownership, management and control of their companies to family or non-family key employees. Less than 50% manage to do so * Only 33% have defined criteria for hiring and promoting family members who want to take an active role in the business * Over 33% of closely held companies have no procedures in place for dealing with disputes between family member owners *

About Venture Exit Partners

Venture Exit Partners, LLC provides business exit planning advice to the owners and senior level executives of closely held companies located throughout the United States and Canada. Venture Exit Partners, LLC is headquartered in Harrisburg, Pennsylvania. Venture Exit Partners website is www.VentureExitPartners.com.

More information can be found online at http://www.VentureExitPartners.com

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