Newbury Piret & Co. Announces its Gold Sponsorship of the 2008 Massachusetts Family Business Awards

BOSTON, March 4 /PRNewswire/ -- Newbury Piret is pleased to announceits Gold Sponsorship of the Massachusetts Family Business Awards, an annualprogram honoring the most successfully run and managed family businesses inMassachusetts. Developed and hosted by Northeastern University's Center forFamily Business and The Family Firm Institute New England Chapter, theawards program is designed to promote and highlight some of the greatachievements of Massachusetts-based, family-owned businesses andentrepreneurs. Nominations and applications are currently being acceptedfor entry into this year's competition. Northeastern University Dean Thomas Moore notes, "With all thecontributions that family firms deliver to their employees, the economy,and the commonwealth, it seems only fitting to highlight and recognizetheir achievements and success. Family businesses account for 60% of totalU.S. employment and create 78% of all new jobs. Upwards of 80% of all theworld's businesses are actually family-owned." Any Massachusetts-based, family-owned business that includes orincluded more than one generation is eligible for the award. There arethree award categories which will recognize companies with less than 50employees, 50-250 employees and organizations with more than 250 full-timeemployees. The awards will be presented at the Royal Sonesta Hotel inCambridge, MA on May 8, 2008. The deadline for applications is March 31,2008. Award winners will be chosen by a panel of independent judgescomprised of industry experts, academicians, and peers, and will beevaluated based on:
-- Overall business success -- Positive family and business linkage -- Multi-generational family involvement -- Dynamic contributions to community and industry, and -- Innovative business practices or strategies Ed Tarlow, President of The Family Firm Institute, New England Chaptersaid, "Family businesses are really the backbone of our economy and thisprogram is a great way to honor their contributions to the commonwealth." In addition to being a Gold Sponsor of the Family Business Awardsevent, Newbury Piret is also a proud sustaining sponsor of NortheasternUniversity's Center for Family Business. For more information on the FamilyBusiness of the Year competition and the application process, pleasecontact LaVonna Bowen, Marketing Manager, at 617-367-7300 or by email atlbowen@newburypiret.com and please visit the event's website athttp://www.nuffi.org. About Newbury Piret & Co. Founded in 1981, Newbury Piret & Co., Inc. is a leading New Englandinvestment banking firm providing corporate finance services including M&A,financing, and valuation services. Headquartered in Boston andindependently owned, Newbury Piret is a FINRA licensed broker dealerfocused on middle- market companies, the private equity community andbusiness owning families. Newbury Piret is regarded as unique in providingstrategic advice in M&A along with financing capabilities which supportacquisitions, growth investments, and recapitalizations. Newbury Piret isone of New England's Top Investment Banks in 2006 as ranked by the BostonBusiness Journal and is a sponsor of Northeastern University's Center ForFamily Business. Newbury Piret shares its observations about the M&A andcapital markets through its Capital Markets Review. For furtherinformation, please visit http://www.newburypiret.com or call (617)367-7300. About Northeastern University's Center for Family Business Northeastern's Center for Family Business is a membership organizationthat provides education, networking opportunities, and support to businessfamilies. The Center helps its members identify and avoid potentialpitfalls, solve complex interpersonal and family business issues, and planfor future family business success in an increasingly more competitiveenvironment. Among many external measures of success; the College ofBusiness Administration is ranked 16th in the nation for InternationalBusiness program by U.S. News & World Report and 26th in the U.S. forBusiness Administration by BusinessWeek. The College's executive MBAprogram is ranked in the U.S. top 50 by Financial Times. About The Family Firm Institute Family Firm Institute (FFI) is an international professional membershiporganization dedicated to providing interdisciplinary education andnetworking opportunities for family business and family wealth advisors,consultants, educators and researchers and to raising public awarenessabout trends and developments in the family business and family wealthfields.
LaVonna Bowen Marketing Manager Newbury, Piret & Co., Inc. 617-933-2010 lbowen@newburypiret.com