Smith Anderson Lawyers Key Participants in Recent ACG Growth and Exit Strategies for Business Conference

March 7, 2007

On February 27, 2007, Smith Anderson co-sponsored and prominently participated in the Association for Corporate Growth (ACG) half-day conference on Growth and Exit Strategies for Business.

Focusing on the exchange of practical information, the Conference substance included four separate panels of executives from diverse industries who gave their perspectives on four key business issues: Growth by Acquisition, Strategic Buyers, Organic Growth, and Financial Buyers. Luncheon keynote speaker Randall L. Marcuson, Chief Executive Officer of Embrex, Inc. offered attendees his interesting perspective on the growth of Embrex and the business decisions that led to Pfizer's recent high-profile acquisition of Embrex. Smith Anderson partner and long-time Embrex counsel, Gerald Roach, introduced Mr. Marcuson.

In addition to Mr. Roach's introduction, Smith Anderson's support of this event included sponsoring the Growth by Acquisition panel; partner Margaret Rosenfeld participating on the Conference's organization committee; and partner Mike Saber moderating the Strategic Buyers panel. Ms. Rosenfeld also currently serves on the ACG Board of Directors, on which Mr. Saber and Smith Anderson litigation partner Christopher Smith formerly served.

Mr. Roach, Ms. Rosenfeld and Mr. Saber all practice Corporate and Securities law. Mr. Roach's practice involves public offerings, domestic and international mergers and acquisitions, joint ventures, general corporate matters, private financings, technology law and advising boards of directors and special committees. Ms. Rosenfeld's practice includes public offerings and private placements of securities, corporate investigations (internal and government), public company reporting, corporate governance, investment company analysis, mergers and acquisitions, and intellectual property protection and licensing as well as general corporate representation. Mr. Saber's practice emphasizes formation, financing and general representation of public and private growth and technology companies and closely-held businesses, and the representation of investors, shareholders and institutions involved with such companies.

"We take great pride in our Firm's affiliation with ACG over several years" said Ms. Rosenfeld. "The conference highlighted ACG's leadership in creating relevant educational programs for business executives as well as its role in promoting private equity within the Triangle. We look forward to many more opportunities to partner with ACG for the benefit of the business community and our clients," she added.

Founded in 1954, ACG provides professional development and networking opportunities to executives with responsibility for corporate growth, corporate development and merger & acquisition activity. With over 10,000 members in 53 chapters throughout North America and Europe, members come from diverse organizations including corporations, private equity, finance, and professional service firms represented on the Fortune 500, Fortune 1000 and FTSE 100, as well as mid-market companies.

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