Anchin, Block, Anchin LLP Adopts Penny Software from TKS Solutions for Intricate Investment Partnership Accounting

MT. KISCO, N.Y.--(Business Wire)--
TKS Solutions LLC, a provider of partnership and shareholder accounting
solutions for the financial industry, today announced that Anchin, Block, Anchin
LLP is utilizing Penny, TKS’ flagship software, as its central partnership
accounting system. TKS Solutions helps Anchin maintain flexibility and better
manage the complexities of investment partnership accounting.

Anchin, one of the industry’s most widely recognized and ranked accounting firms
with 52 partners, and over 400 professionals, has a storied commitment to the
financial services industry. Penny helps Anchin tailor their client service
based on the industry, not the software program, letting them easily modify and
adjust the variety of terms and provisions found in investment partnerships.

“With the ability to modify and adjust rules as you go, Penny is the most
flexible investment partnership accounting tool in the industry,” said Gerry
Ranzal, partner-in-charge of Anchin’s Financial Services Group. “Our adoption of
Penny gives us next-generation capabilities and allows us to continue building
on our thorough financial services offerings and improve reporting for our
clients.”

Penny provides firms, such as Anchin, with many features to track investors’
capital, down to individual contribution lots. Penny helps eliminate tasks that
were previously time consuming and laborious, such as allocating realized and
unrealized gains and losses, dealing with side-pockets, handling multiple fee
arrangements and more.

In today’s environment, financial services firms must demonstrate experience,
efficiency, and expertise, as well as continued growth. Penny improves the
accuracy of internal reporting functions by providing an overall
checks-and-balances system. It helps automate key processes while remaining
flexible and providing greater insight and thorough reporting, which lends
itself to greater transparency to investors.

“Anchin’s use of Penny demonstrates our commitment to providing cutting edge
technology to a variety of financial services firms,” said Ron Kashden,
president of TKS Solutions. “Penny’s unique offerings allow companies to
maximize benefits for their clients, which in the current climate, is crucial.”

About Anchin, Block & Anchin LLP

Anchin, Block & Anchin LLP is recognized as one of the “best of the best”
accounting firms in the country (Inside Public Accounting). The full-service
firm, with a staff of more than 400, serves privately-held businesses and high
net worth individuals with a wide range of traditional and non-traditional
advisory services, including financial statement preparation; tax planning and
compliance services; economic development and tax incentives; management and
succession advisory services; litigation support, forensic accounting and
valuation services; merger and acquisition services; and wealth management. For
more information, please visit: www.anchin.com.

About TKS Solutions

TKS Solutions offers unified partnership and shareholder accounting solutions
for the financial industry. Its flagship software Penny® helps firm better
manage their investment partnerships and funds by providing automated and
instant access to detailed investor data. Penny’s open architecture and proven
features easily integrate with portfolio accounting and customer relationship
management systems, data warehouses and in-house proprietary solutions, creating
a comprehensive and unified view of all investor data, as well as greater
transparency for investors. TKS Solutions works with partners worldwide to serve
its customer base of leading hedge funds, fund of funds, private equity firms,
administrators and management companies, ranging from $50 million up to $20
billion under management. For more information, please visit:
www.PennyItWorks.com.

TKS Solutions
Nicole Licare, 914-358-0016
nlicare@pennyitworks.com
or
Metis Communications
Sara Frain, 617-236-0500
tks@metiscomm.com

Copyright Business Wire 2008