Michael Halloran, CEO, and Kelly Alton, General Counsel, of Nationwide Exchange Services (NES) to Speak at PricewaterhouseCoopers Like-Kind Exchange Conference

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Wed Apr 29, 2009 12:37pm EDT

Qualified Intermediary Industry Trends, Best Practices and Strategies for 1031
Like-Kind Exchanges
--(Business Wire)--
Nationwide Exchange Services:

 CONTACT:    Shilpa Mysoor, 310.276.7731 
             or smysoor@nesf.com        
                                        
 WHEN:       Thursday, April 30th at 12 
             noon - 1:00 P.M.           
             and Friday, May 1st, 2009  
             at 11:30 A.M. - 12:30 P.M. 
                                        
 WHERE:      The 8th Annual             
             PricewaterhouseCoopers Like 
             -Kind Exchange Conference  
             at the Four Seasons Resort 
             and Club in Las Colinas,   
             Texas                      


WHO: During lunch on Thursday, April 30th, Michael Halloran, CEO of Nationwide
Exchange Services, will participate in a panel discussion focusing on the
current challenges facing the Qualified Intermediary (QI) industry. Along with
other prominent QI leaders, he will discuss recent QI defalcations and
bankruptcies as well as QI industry best practices, stressing exchange funds
security and transaction transparency. 

On Friday, May 1st, Kelly Alton, General Counsel of Nationwide Exchange Services
will participate in a panel discussion focusing on advanced strategies for
utilizing Section 1031 like-kind exchanges in the current economic environment. 

NES is recognized as a leading provider of 1031 services in commercial market
sectors and as the exclusive Qualified Intermediary for more US banks than any
other firm. The company maintains its leading reputation for IRC Section 1031
expertise through its team of subject matter experts led by Kelly Alton,
formerly of the Office of Chief Counsel at the IRS National Office and Deloitte
Tax LLP, Washington National Tax Group, and principal author of Revenue
Procedure 2000-37. NES is also known for the company`s emphasis on transparency
and compliance as the industry`s only Qualified Intermediary to submit itself to
an annual independent audit of its business practices and procedures under SAS
70 Type II accounting standards. These provisions focus on financial security
procedures and validate NES` compliance with federal regulations such as the
Bank Secrecy Act (BSA), the Gramm-Leach-Bliley Privacy Act, USA PATRIOT Act,
Sarbanes-Oxley Rule 404 (SOX 404), and guidelines set forth by the Office of the
Comptroller of the Currency (OCC). 

WHAT: The 8th Annual PricewaterhouseCoopers Like-Kind Exchange Conference (April
29 - May 1) brings together key decision makers involved in implementing and
managing like-kind exchange programs, and those considering a like-kind exchange
program for their lease, rental, or fleet portfolio. The conference is the
premier networking opportunity for professionals involved in managing like-kind
exchange programs for their companies. Attendees include CEOs, company
presidents, CFOs, treasurers, controllers, tax directors, and tax managers with
responsibility for a company's like-kind exchanges. For more information or to
register for the conference, visit www.meetpwc.com/lkeconference. 

ABOUT NATIONWIDE EXCHANGE SERVICES:

Nationwide Exchange Services (NES - www.nesf.com) is a leading Qualified
Intermediary for 1031 like-kind exchanges since 1990. In November 2008, NES
purchased J.P. Morgan Property Exchange Inc. (JPEX) from JPMorgan Chase Bank,
N.A. Today NES applies advanced technologies to proven business processes to
create new standards of customer-driven products and services for 1031
tax-deferred exchanges. NES has been awarded a SAS 70 Type II certification
after an extensive audit of its processes and controls and, as a result, is
uniquely qualified to serve the needs of companies that must comply with Section
404 of the Sarbanes-Oxley Act. 



Nationwide Exchange Services
Shilpa Mysoor, 310-276-7731
smysoor@nesf.com

Copyright Business Wire 2009

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