"Now that our deal is completed, we wanted to thank you for your expert guidance from inception through closing. Your firm captured the essence of our company and skillfully communicated it to the screened parties interested in the deal. After all the work we put in to build the company, it was gratifying that you were able to persuasively convey the entry barriers protecting our important non-patented products -- branding, product line quality and breadth, customer service, etc.

We appreciated your steering around competitors and potential competitors and your doggedness in winnowing the group of potential buyers to a smaller number that had the wherewithal and high motivation to make the deal and reduce the risk of not closing.

Your hands-on advice extended well-beyond the transaction, helping us with on employee matters, the size of trade show booth, personal tax issues and other matters important to our lives.

Last, we especially appreciate your ability to capture a full valuation, including the growth that we expect in the future. Can we finally pop the Champagne?"

"Just wanted to praise The Walden Group on its very skillful handling of the Taut transaction. We were asking for a big multiple and only a handful of medical device companies could have done the deal. From the compelling positioning and transactional materials, to the multiple presentations, to the relentless financial, legal and negotiating assistance, and most of all, the professional care and friendship you all displayed to our management and shareholder team, Walden represented us with expertise and savvy. Frankly, we were surprised that a transaction such as ours was so involved with nuance, political issues with large corporate buyers and intricate details. We were grateful to have you on our side."

"I want to thank you for your part in all of this. It was a true pleasure to work with you. I have to compliment you on your ability to satisfy all sides and move a deal forward. The subtleties of your skills in this area did not go unrecognized. I appreciate your candor and ability to cut to the chase regarding the behavioral aspects of what is going on at any given time. Most people would not recognize the psychology of the deal the way that you do, es-pecially those involved in the thick of things. Yet the psychology of the deal is probably the most important aspect to bring a deal to closure."

"Just a word of appreciation for your fine work in completing the sale of Seattle Systems. We compliment you on the discrete and professional manner in which you conducted the process. We gave you tight time frames and you designed presentations, attracted interest from many buyers, arranged for site visits and conducted multi-party negotiations, culminating in a closing only four months from the date you were retained.

Every step was first class, reflecting not only the prominent points about Seattle Systems, but also the nuances, corporate culture and inner dynamics. Your weekly status reports to our Board of Directors were thorough and time-efficient, demonstrating that no stone was left unturned. Your insights into deal structuring, legal, financial and tax, were particularly helpful."

"Many complements on how The Walden Group crafted the divestiture of the Mayfield Cranial Fixation Line. Although your firm was hired for other reasons, you astutely identified this transaction as addressing the differing needs of both our Swiss-based majority corporate shareholder and the minority individual investors. We credit your in-depth relationships within the neuro-surgery market in arranging for and negotiating a deal that initially seemed beyond reach, but over time became a reality. We so much appreciate your guiding us on how to present our core product line and bring out its full potential, knowing the buyer's needs and resources. The result was a wonderfully high price.

The deal was complicated, with many tax, intellectual property and business points. We lost track of how many lawyers and advisors were involved. Yet, you diplomatically kept every-thing on track, always mindful of the big picture. We especially appreciated your personal interest in assisting our employees and helping out with our organization's transition and welfare."

"We were very discerning in selecting an investment banking firm and even more exacting in weighing Jarit's strategic options and considering a corporate sale.

In choosing the Walden Group not only did we make the right choice, but the full dimension of the relationship went far beyond our expectations. These were difficult times for us. True, Jarit was having another record year. But the company's beloved founder, my father, had taken ill, and personal and succession issues permeated the decision-making. There were several issues that needed to be handled with great care. We had great gratitude for the Jarit organization and wanted this seasoned and highly effective group to continue beyond any transaction.

Of course, we wanted full value, but there were other factors at stake. Through a careful, extraordinarily close-to-the-vest process, your team internalized our thinking and judgments. With clarity and foresight, and highly skillful negotiating, Walden navigated a highly confidential process that fulfilled all of our interests. Not only was Walden the driver in our obtaining full value, optimizing tax and foreign currency issues, but it also played an integral role in making our senior team becoming comfortable with the transaction and in integration planning.

Your firm's industry knowledge and close relations with senior executives were invaluable assets. But, most of all, Jarit Instruments and the Jamner family appreciated your firm's attention to detail and concern for every nuance. You earned our trust and we couldn't be more satisfied."

"On behalf of my Business Development Team associates at BD Preanalytical Systems, thanks to you and your staff for your thorough efforts in attempting to identify new business opportunities for BD PAS. As you know, we considered several external consulting and investment banking firms prior to selecting The Walden Group as our project partner. The level of professional and personal interaction and communication between our respective companies demonstrated to us that we made the right choice in selecting The Walden Group."

"Just a word of thanks for your expert and steady hand keeping the two Diebold business unit divestitures on track and in place. The Walden Group developed interest from large specialized distributors all over the world, many of which were unknown to us, and we were very satisfied that no 'stone was left unturned'.

Our transactions were intricate, involving physical assets, multi-level software, complex intellectual property right issues, and arrangements for manufacturing and servicing. At times, negotiations with some parties were tensioned-filled. Yet, The Walden Group added sage advice and sophisticated guidance to navigate the deals to the most appropriate buyer and help obtain the most advantageous pricing and terms.

We regard your firm not only as a business relationship, but also as friends, and are most grateful for your assistance in this endeavor."

"Joanne and I are so grateful for your sage counsel and expertise in representing Neuro Supplies for sale. Prior to choosing the Walden Group we had attended seminars and interviewed other companies. From the start we did not feel any chemistry with any of the other companies we met with. We were left with the impression that we would be "another pretty face" added to their portfolio.

Everything occurred in textbook fashion - from your preparing us and the company for sale ("dressing us up for the prom" so to speak), to your analysis of the many bidders you attracted, and your valuation of the company. In the process, we quickly learned that there are good deals and bad deals - you sorted through them and explained to our satisfaction the details. From the basic, "show me the money," where is it coming from, and the true value of stock offers.

We must highlight your fine work in deftly negotiating the purchase price up and in engineering the structure so that it met our optimal tax objectives, even though the structure was not ideal for the buyer. The process was smooth and discrete. There were no breaches of confidentiality and our entire organization benefited from the transaction.

Even though a corporate sale is supposed to be arduous and anxiety provoking, we must admit that we had a lot of fun working with everyone in your firm. A few months have passed and we have reviewed our experiences with some of our peers who have also sold their businesses. Repeatedly we have become the envy of all. We couldn't be happier with the process or end result.

Another happy client."

"As our attorney has said, your firm went well beyond what we expected from an investment banking firm in bringing about the sale of Columbia Scientific. You were integral to every step of the process.

During our negotiations and dealings with Materialise, you assisted our accountants, attorneys and company in providing expert advice and know-how. You kept the transaction on track during difficult moments, knowing when and how to push for better terms. Your trans-Atlantic efforts to complete the critical last-minute details for the international letter-of-credit were particularly commendable.

So much of the process involves trust and judgment, and Charlie and I felt 100% confident that you represented our best interests at all times.

It was a pleasure working with the Walden Group, and would enthusiastically recommend your firm to others."

"Now that our divestiture has been concluded, I want to express my sincere appreciation for the professionalism and effectiveness that was shown by your entire staff. The Walden Group represented Silipos in a manner that reflected great credit both on our company and your organization.

I was most impressed, when even though we had acceptable offers on the table from other bidders which you had introduced, and it was in your best interest for Silipos to accept one of those offers, you urged me to put off a decision and to give you the opportunity to pursue some other contacts before we finally committed. Your advice was right on target and always put our interest first.

Your extensive connections with companies interested in acquisitions in the healthcare field resulted in our having the choice of several entities with which to negotiate and resulted in transaction terms that were most satisfactory to our stockholders and our management team."

"My appreciation for your support stems to the entire spectrum of your efforts, for these purposes let us call it the three "Cs" of The Walden Group: contacts, communications and counseling. In the initial four month marketing phase I was continually impressed with the caliber of contacts that surfaced from your efforts. At the same time, I routinely felt informed and prepared for all of these contacts given your absolute commitment to communication. And finally, I want to personally thank you for your frankness and genuine concern which was ever present in your counseling....Last, but certainly not least, you directed our sales to our top dollar!"

"Not only were we impressed with your professional approach while developing insight into our business, in structuring our data, and in developing an effective sales tool, but also in your targeting potential candidates and your follow-through.

"Your efforts generated approximately 20 interested parties. You were especially helpful in the structuring of an offer, the ideal candidate selection process and keeping the project on track.

"Thank you for your support and friendship and I would be pleased to review our positive experiences with The Walden Group with any of your future prospects."

"We would like to take this opportunity to thank you for the excellent service you provided in helping us to find a buyer for our medical company. Your extensive experience, knowledge and contacts in the medical field provided us with a broad base of qualified buyers. We appreciate your daily contact and advice during the process to keep us up to date with the companies which were the best prospective buyers. Your personal treatment of us during such a hectic time made us feel you were a true friend with our best interests at heart"

"I want to thank you for the outstanding service that you performed for our company. We respect the highly professional and ethical manner in which The Walden Group managed the process. It is rare that we have the opportunity of dealing with a firm that has the consistent quality and skillful transactional capability that has been displayed by your firm. I sincerely believe that The Walden Group is without equal in the medical market. I look forward to working with you on many transactions in the years to come."

"In this life it is not very often that we get more than we expect. I can't say enough about The Walden Group. My advice to anyone who wants to sell a healthcare-related company is to go with The Walden Group."

"Several weeks have passed since the closing on the sale of our company. In looking back at the course of events from January to the closing in July, which I must admit is something of a blur, I have come to realize and appreciate the vital role that you played in the negotiation process and in the sale of the business.

"I was delighted that The Walden Group represented me in a straightforward and thoroughly professional manner. You presented my company fairly and forthrightly and yet managed to highlight its strengths and potential in a way that yielded an excellent agreement.

"Thanks again for all your help and support. I hope to see you again in the very near future."