MorganFranklin Corporation Expands International Presence

Dave Reynolds, Former British Telecom Audit Director, to Serve as First U.K. Advisory Board Member

McLean, Virginia – October 2, 2007

MorganFranklin Corporation, a services and solutions provider to business and government leaders on complex and high-stakes financial, operational and IT issues, announced today the global expansion of its offices into the United Kingdom. The new U.K. subsidiary, MorganFranklin Ltd., was established to expand the company’s business expertise and geographical presence while further supporting the company’s high service demand and existing European clients.

With the expansion of the new office, MorganFranklin Ltd. has appointed Dave Reynolds as the first U.K. advisory board member. Reynolds most recently held the position of Director of Internal Audit & Regulatory Compliance (DIARC) at British Telecom plc until he retired in July 2007. During his tenure as internal audit director, Reynolds was recognized by the British Telecom board for his significant contribution to the development of British Telecom’s governance structures and processes including enterprise risk management, control self assessment, audit committee reporting and the company’s Sarbanes-Oxley assessment procedures. Reynolds speaks regularly on the professional conferencing circuit and for three years held the position of visiting lecturer in governance and internal audit at Nijenrode University in the Netherlands.

“MorganFranklin’s move into the U.K. is bold but entirely appropriate and a dynamic new venture I am proud to be associated with,” said Dave Reynolds, MorganFranklin Ltd. advisory board member. “Company migrations to the London stock exchange, the U.K. dimension to the MorganFranklin customer base and the many new opportunities in the U.K. and Europe all support my passionate belief that this new MorganFranklin venture is both tactically and strategically correct. I look forward to working with the MorganFranklin team at this exciting time.”

“We are honored to appoint Dave as the first member of our newly established U.K. advisory board,” said Ron Morgan, CFO of MorganFranklin. “With the establishment of MorganFranklin Ltd., we will look to Dave’s knowledge and experience to help us continue to grow organically and better serve our increasing base of global clients.”

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About the Company

Business and government leaders look to MorganFranklin when faced with complex financial, operational and IT challenges. Our teams combine expertise in accounting and finance, operations and management, advanced technology and systems with track records of performance in complex environments. The company serves a global client base from offices in Washington, D.C., Chicago, Phoenix and London. Learn more at www.morganfranklin.com.