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For Immediate Release
August 5, 2002
Contact: Catherine Kaliniak
Prominent Business Executive Brings Extensive Expertise to H & K Leadership Team

Jack Hughes' Proven Experience To Assist Area Businesses

McLean, Virginia (August 5, 2002) - Holland & Knight Consulting and its H&K Strategic Business Solutions affiliate, the corporate management and financial solutions provider for emerging, growth and technology companies, today announced that Jack Hughes has joined the company as a Principal Financial Consultant on an exclusive basis. Jack, a prominent, highly sought-after industry leader in the Washington Metropolitan business community, will take on a leadership position with the Financial Consulting Practice and Government Contractor Team.

Until recently, as Co-founder and Principal of PHOENIX Financial & Advisory Services, LLC, Jack provided direct support to nearly 50 high tech emerging growth companies and early-stage businesses, and also served part-time as a strategic consultant to H&K. He guided these growing companies in securing financing, developing business plans, orchestrating merger/acquisition successes and designing strategic growth plans and processes.

"Jack is an asset beyond compare and we are extremely fortunate to have him take on a Principal Consultant role with our team," said John Schell, President of H&K. "Our government contracting clients gain a greater competitive advantage from his first-hand experience and leadership in building small businesses into major industry powerhouses."

"The opportunity to work with this first-rate team of experienced executives made the decision to join them on an exclusive basis easy," said Jack Hughes. "I look forward to helping growth-oriented companies thrive in this challenging economic climate that we face today.

"Prior to launching PHOENIX in 1998, Jack served as Senior Vice President and Chief Financial Officer of BTG, Inc., taking the company from a $50 million business with 300 employees to a $600 million and 1650 strong employee base in only five years. He negotiated five key acquisitions that increased annual revenues by $225 million and gained BTG prominence in new markets. Jack was also instrumental in the company's successful Initial Public Offering and follow-on offering. His business acumen afforded BTG a solid financial foundation that ensured a competitive edge in both the government and commercial arenas.

He honed his financial and operational management skills while Senior Vice President and Corporate Treasurer of ManTech International Corporation from 1974-1992. Jack's leadership helped grow the company from $4.5 million and 300 employees to a $200 million business with nearly 3,000 employees in 70 locations worldwide. During his tenure, the company's business base expanded on average 20+ percent annually through Jack's strategic initiatives including financing growth, finalizing acquisitions, building strategic alliances and creating winning proposal pricing strategies. He also played an active role in increasing industry involvement in development of new legislation and government regulation.

A widely recognized expert and frequent guest speaker, Jack earned a bachelors of science in economics and business, with a minor in political science, from Frostburg State University. His graduate coursework includes contract formation, government procurement and financial management. He began his career with Vitro Laboratories in Silver Spring Maryland.

H&K Strategic Business Solutions, located in McLean, Virginia, provides financial, strategic and operational consulting services to emerging, growth and technology companies. Its experienced business and financial consultants provide specific services custom-designed to fit each client's individual business needs. It operates in alliance with Holland & Knight LLP, one of the top three Government Contracting Law Firms in the United States.


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