FOR IMMEDIATE RELEASE

Garden City, New York; January 12, 2006 — The law firm of Moritt Hock Hamroff & Horowitz LLP with offices on Long Island and Manhattan has announced that Michael Cardello III, Robert S. Cohen, Henry E. Klosowski and William P.Laino have been named partners in the firm.  Moritt Hock Hamroff & Horowitz LLP is a leader in the secured lending, real estate, corporate, tax, and trusts and estates communities.

Michael Cardello III, formerly an associate of the firm, concentrates his practice primarily in the areas of commercial litigation and creditors’ rights.  Mr. Cardello concentrates his practice in representing clients in the vehicle and equipment leasing industries with regard to all aspects of their business.  Mr. Cardello currently serves on the Committee of Civil Litigation of The United States District Court for the Eastern District of New York and also serves as Treasurer on the Board of Directors for the Metro New York/Connecticut Chapter of the National Vehicle Leasing Association.

Robert S. Cohen, formerly of counsel to the firm, focuses his practice primarily in the areas of commercial litigation, creditors’ rights and corporate transactions.  He also works closely with the firm’s Tax, Trusts & Estates and Elder Law practice groups.  In addition, Mr. Cohen devotes a significant portion of his charitable time to the Special Olympics of New York-Long Island Region.  He is a member of the Special Olympics Advisory Committee and also serves as the Committee Chairman of its Annual Gold Coast Invitational Golf Outing.

Henry E. Klosowski, formerly of counsel to the firm, practices in the firm’s Tax, Trust & Estates area where he concentrates his practice in the areas of probate, estate administration, elder law, guardianships, and estate litigation.  Mr. Klosowski was recently appointed to the Board of Directors of the Epilepsy Foundation in which he is actively involved.

William P. Laino, formerly of counsel to the firm, concentrates his practice in the area of complex commercial litigation including shareholder and partnership disputes, contract claims, and construction law.  Mr. Laino also has experience in sophisticated financing transactions including aircraft sales and leases.  In addition to his practice, Mr. Laino is an arbitrator for the NASD where he actively aided in the resolution of several complex securities matters.  Prior to his legal career, Mr. Laino served in Vietnam as a Lieutenant Senior Grade in the United States Navy.