We have performed appraisals in over 100 different industries, thus building a large base of experience as a foundation for our work.  Business valuations can be required for a variety of purposes including portfolio reporting and buy-sell agreements.  An independent valuation may also be required if a business wants to collateralize intangible assets.  HFBE values warrants, preferred stock, convertible securities, and notes in a variety of settings.  Incentive Stock Option plans in stock of non-public companies constitute an important component of executive compensation.

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