National Retirement Partners (NRP) Announces First Round of AcquisitionsCapistrano Beach, Ca. June 26, 2006 - National Retirement Partners, the Capistrano Beach, CA-based national advisory firm, has signed Letters of Intent with five advisory groups, thus completing the first round of the firm's acquisition strategy. "Our intent is to engage in long-term business relationships with the most productive and rapidly growing of our member firms," says NRP president and CEO Bill Chetney. "We do that by providing a substantial liquidity event for acquired firms combined with an exchange of their concentrated equity risk from their own company for a larger, nationally diversified one. At the same time, we ensure that these firm retaining day-to-day management independence and the ability to receive additional compensation by achieving long-term growth goals." "We are very impressed with the quality, professionalism, and partnership demonstrated by the Founders Group members which have entered into purchase agreements with NRP," says Bill Cvengros, chairman of NRP. "I am delighted to have them as ambassadors for our firm as we continue to grow NRP's network of affiliated and acquired member firms." The acquired firms include DFI Advisors, based in San Diego; Clear Point Financial Services, based in Seattle; the Castner & Josephs Retirement Group, based in TK; 401k Advisors USA, based in Capistrano Beach, and Avenir Equity, based in White Plains, New York. "NRP is already the preeminent network of retirement plan advisors in the country," a statement by the principals of the five firms noted." Our joint decision to formally align the financial success of our firms with NRP reinforces our commitment to the brand, management and business strategy which NRP has successfully implemented to date. We look forward to welcoming future acquisition partners." About National Retirement Partners National Retirement Partners, Inc. has 81 Member Firms that make up a network of independent advisors providing consulting and investment services to retirement plan sponsors and participants nationwide. NRP is dedicated solely to the retirement plan marketplace and provides advisory services for over 2,500 retirement plans with over $20 billion in assets. Sharing diverse talents, expertise and a common focus, NRP Member Firms are able to deliver to clients what had traditionally only been available to larger firms - heightened best practices and investment due diligence, open architecture plan analysis and design, independent vendor search and benchmarking analysis and high quality service and communications. For more information about NRP, the retirement plan experts, visit www.n-r-p.com Contact Information: Marie Rufo - mrufo@nrpfinancial.com |