GRAY, GRAY & GRAY NEWS RELEASE FOR IMMEDIATE RELEASE

THREE PROMOTED AT GRAY, GRAY & GRAY

Westwood, MA (June 15, 2004): Gray, Gray & Gray, LLP, an accounting firm based in Westwood, MA, has announced the following staff promotions:

• Jeffrey P. Foley, CPA, has been promoted to Manager in the firm's client services department. Mr. Foley is a resident of Quincy, MA and a graduate of the University of Massachusetts-Amherst. He has been with the firm since 1999.
• Richard A. Hirschen, CPA has been promoted to Manager in the firm's client services department. Mr. Hirschen is a resident of Framingham, MA and a graduate of the University of Massachusetts-Amherst. He was with Gray, Gray & Gray from 1996 through 2000, and left to take a position in private industry before returning to the firm in 2003.
• Christopher J. Ayers, CPA has been promoted to Supervisor in the firm's client services department. Mr. Ayers is a resident of Stoughton, MA and a graduate of the University of Baltimore. He has been with the firm since 2000.

Gray, Gray & Gray, LLP is one of New England's leading independent accounting firms, and is one of the fastest growing firms in the region. The firm serves closely held companies in a broad range of industries. Gray, Gray & Gray is a member of CPAmerica International, a global network of independent accounting firms. Gray, Gray & Gray's offices are located at 34 Southwest Park, Westwood, Mass.

For additional information, contact Gray, Gray & Gray at (781) 407-0300, or visit the firm’s web site at: ww.gggcpas.com.