INTRODUCTION TO FORMAN RICHTER & RUBIN

At Forman Richter & Rubin, we are committed to providing to those in closely-held businesses superior, up to date and relevant accounting, auditing and tax services and have been doing so since the 1960s. In the quest of this objective, we strive to have personnel who share in our professionalism and excellence. We continue to seek growth and success without sacrificing the individual and personalized touch that brought us here.

STICKING TO THE BASICS

As part of the Forman Richter & Rubin team, we understand that there is no substitute for hard work and professionalism. We continue to pay careful attention to detail and the needs of our clients by providing quality work and sound, logical advice.

The Forman Richter & Rubin priorities are always aimed at our clients. We place a high degree of emphasis on responsiveness and accessibility. We strive to be there when our clients need us and to provide them with accurate information to protect their interest and promote their growth. For we realize at Forman Richter & Rubin, that our success is directly dependent on the success of our clients.

In order to provide a high quality of service to our clients, we commit ourselves to keeping open lines of communication between our staff and our clients. We make it our goal to learn as much as possible about our clients' industry so that we are able to provide up to date information and anticipate client needs.

KEEPING UP WITH THE TIMES

As professionals of Forman Richter & Rubin, we cannot let ourselves rest on our past successes. We make every attempt to keep up to date with the technology needs of a successful organization operating in the 21st century. We continue to strive to be as knowledgeable as possible in the computer operation requirements of our clients.

COMMITMENT TO EDUCATION

In an economy and environment as dynamic as ours, at Forman Richter & Rubin, we understand the need to stay informed. The accounting and tax laws & regulations continue to get more complex. As a result, we place a high priority on continuing education. The professionals of Forman Richter & Rubin attend and participate in numerous courses throughout the year. Additionally, we maintain an extensive accounting library from which to disseminate the most current information to our clients.

PEER REVIEW

We are pleased to announce the successful completion of the independent quality review of our accounting and auditing practice. After a thorough study of our procedures and work practices, the reviewers concluded that our firm complies with the stringent quality control standards established by the American Institute of Certified Public Accountants (AICPA).

The review was conducted by a team of CPAs appointed by the California Society of CPAs. Using guidelines established by the AICPA, the reviewers determined that Forman, Richter & Rubin has an effective quality control system and that our accounting and auditing work conforms to professional standards.

Our continued participation in periodic quality reviews (this was our sixth) and our voluntary membership in the AICPA and California Society of CPAs support Forman, Richter & Rubin's commitment to quality and our high standards for client service. A copy of the reviewers report follows.

________________________________________________________________________________________________________________________________

Perry M. Henderson CPA, MPA

System Review Report

December 16, 2009

To the Partners of

Forman, Richter & Rubin

and the Peer Review Committee of the

California Society of Certified Public Accountants

I have reviewed the system of quality control for the accounting and auditing practice of Forman, Richter & Rubin (the firm) in effect for the year ended July 31, 2009. The peer review was conducted in accordance with standards established by the Peer review Board of the American Institute of Certified Public Accountants. The firm is responsible for designing a system of quality control and complying with it to provide the firm with reasonable assurance of conforming with professional standards in all material respects. My responsibility is to express an opinion on the design of the system of quality control, and the firm’s compliance therewith based on my review. The nature, objectives, scope, limitations of, and the procedures performed in a System Review are described in the standards at www.aicpa.org/prsummary.

As required by the standards engagements selected for review included engagements performed under Government Auditing Standards and audits of Employee Benefit Plans.

In my opinion, the system of quality control for the accounting and auditing practice of Forman, Richter & Rubin in effect for the year ended July 31, 2009 has been suitably designed and complied with to provide the firm with reasonable assurance of performing and reporting in conformity with applicable professional standards in all material respects. Firms can receive a rating of pass, pass with deficiency(ies) or fail. Forman, Richter & Rubin has received a peer review rating of pass.

Perry M. Henderson, CPA

Master: Public Administrator; Member: American Institute of CPAs, SEC Practice Section, California Society of CPAs, AICPA Key Legislative Contract Program, California Society of Municipal Finance Officers, California Association of Nonprofits. Present and Past service includes: Chairman, CSCPA Nonprofit Organizations Committee, Citrus Belt Chapter; Member, CSCPA Peer Review Committee; CSCPA Professional Conduct Committee; Adjunct Faculty Member, University of Redlands; Author & Lecturer.

222 East Olive Avenue, Suite 5C - Redlands, CA 92373 - Phone: (909) 792-4268 - Fax: (909) 792-5659 e-mail phmcpa@compuserve.com