NERA Economic Consulting Establishes Presence in Canada

03 July 2008

New York/ 1 July 2008 -- NERA Economic Consulting, a leading global provider of economic advice and analysis in business, legal, and regulatory matters, today announced that it has acquired the Toronto-based strategy, finance, and economics consultancy Berenblut Consulting Inc. The acquisition brings an exceptional team of economics, finance, accounting, valuation, and strategy specialists to NERA, and marks the opening of NERA's first office in Canada.

"We are very pleased to have Mark Berenblut and his team on board at NERA," said NERA President Dr. Andrew Carron. "Their unique blend of skills and industry experience will greatly enhance and deepen our existing strengths in key areas such as complex accounting analysis, financial investigations, business valuation, commercial damages, and securities litigation. Mark and his team also give us our first physical presence in what we see as an important and growing Canadian market for economic consulting services."

Mark L. Berenblut, founder and President of Berenblut Consulting, is a recognized expert in the areas of finance, economics, valuation, and dispute resolution. He has extensive experience working in the US, Canada, and the UK in a range of areas including securities and business valuation, damage quantification, financial investigation, and complex litigation. He is recognized by the UK's Academy of Experts, and has frequently served as an expert witness, arbitrator, and mediator.

"The Berenblut Consulting team is thrilled to be joining NERA," said Mr. Berenblut. "We look forward to sharing knowledge with our new colleagues and continuing to provide maximum intellectual value to enhance the performance and results of our corporate, law firm, and government clients across North America and Europe."

Founded in 2001, Berenblut Consulting helps businesses and other organizations manage internal or externally generated stress through the application of specialized skills in economics, finance, accounting, valuation, and strategy. The firm's expert consultants and academic affiliates serve clients across North America and Europe.

NERA Economic Consulting (www.nera.com), founded in 1961 as National Economic Research Associates, is a division of Oliver, Wyman Limited, an MMC company.

About NERA

NERA Economic Consulting (www.nera.com) is a global firm of experts dedicated to applying economic, finance, and quantitative principles to complex business and legal challenges. For over half a century, NERA's economists have been creating strategies, studies, reports, expert testimony, and policy recommendations for government authorities and the world's leading law firms and corporations. We bring academic rigor, objectivity, and real world industry experience to bear on issues arising from competition, regulation, public policy, strategy, finance, and litigation.

NERA's clients value our ability to apply and communicate state-of-the-art approaches clearly and convincingly, our commitment to deliver unbiased findings, and our reputation for quality and independence. Our clients rely on the integrity and skills of our unparalleled team of economists and other experts backed by the resources and reliability of one of the world's largest economic consultancies. With its main office in New York City, NERA serves clients from more than 25 offices across North America, Europe, and Asia Pacific.