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Eastman combines state-of-the-art analytical approaches with its merger and acquisition expertise to produce professionally documented valuations of privately held companies. The Investment Banker overseeing the valuation utilizes his extensive transactional expertise along with his collective backgrounds in corporate finance, accounting, economics and marketing to provide an objective, supported opinion regarding the business's market value. Prior to accepting a valuation assignment, Eastman performs a preliminary due diligence review. This includes, among other items, a review of the Company's past financial performance, forecasts, market position, industry profile, and discussions with senior management regarding operational aspects of the Company. Upon accepting a valuation assignment, the assigned Investment Banker, in conjunction with the Company's senior management, will conduct a comprehensive due diligence process including: Detailed review of historical financial statements Recasting the financial statements to reflect the "true" performance of the Company. This recast takes into consideration the "discretionary expenses" associated with a private company. Projections of the Company's expected future performance A thorough review of the balance sheet and its major components Comprehensive market analysis and industry data review Analysis of comparable public companies, if applicable Adjustments to the valuation of tangible and intangible assets Inspection of the physical facilities Detailed discussions with key managers and shareholders The valuation is professionally documented in a comprehensive report describing the source data utilized, valuation approaches and analysis, a description of the Company (its operations and industry), future prospects for the Company, and a conclusion stating Eastman's fair market valuation opinion. The report adheres to the firm's reputation regarding its commitment to providing the highest quality service. If the valuation becomes part of a legal, tax or regulatory proceeding, Eastman's Investment Banking Team is recognized as expert witnesses and will provide clear, credible testimony.