Ezra Z. Angrist - Management Planning, Inc. - Valuation advisors since 1939.

Ezra Angrist has an extensive and varied background in financial analysis, research and valuation, and has analyzed and determined the fair market value of a wide variety of privately held companies and limited partnerships for a number of purposes, including estate and tax planning, income taxes, fairness opinions, sale, merger, stock purchase plans and buy-sell agreements. He uses a variety of techniques including discounted cash flow, comparable company and comparable transaction analysis. Mr. Angrist has also assisted in the analysis and structuring of merger and acquisitions transactions, analyzed client companies, drafted offering memorandums, and presented results to client management and prospective acquirers.

Professional Experience

Management Planning, Inc.

2009-present		Vice President
2008-2009		Assistant Vice President
2007-2008		Senior Valuation Analyst
1998-2001		Valuation Analyst/Investment Banking Associate (MPI Securities)

2003- 2007: Director of Research, Walter Greenblatt & Associates, Princeton, NJ Provided services to clients in life sciences: capital raising, financial modeling, data analysis and presentation, Monte Carlo simulation, market research, strategic planning, business plan development.

2002 - 2003: Research Analyst, Paradigm Capital Management, Albany, NY Provided analyst coverage for public companies in technology and life sciences.

2001: Managing Director, Angrist Capital Management LLC, Schenectady, NY Assisted in management of a hedge fund investing in life sciences.

1996 - 1998: Financial Analyst, The Westheimer Company, Princeton, NJ Researched individual firms and industries, analyzed clients’ financial positions.

1992 - 1994: Staff Consultant, Price Waterhouse, Washington, DC Provided a variety of analyses for senior partners.

Education

• Rutgers University - M.B.A. with concentration in Finance, December 2000
• Princeton University - M.A. Politics with concentration in Statistical Methods, May 1996
• Oberlin College - B.A. Economics with High Honors, May 1992

Affiliations

• Series 7: General Securities Representative
• Series 24: General Securities Principal
• Series 28: Introducing Broker/Dealer Financial and Operations Principal