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The Rocky Mountain Region's largest independent business valuation firm will hire in response to growth.

Quist Valuation, Inc. - the largest independent business valuation firm in the Rocky Mountain region - has moved its offices to Broomfield to capitalize on strong growth during the past year.

Quist Valuation (formerly Quist Financial, Inc.) also changed its name to more accurately reflect its core business, said Quist President Brett Suchor.

"Our new name -- Quist Valuation -- better reflects the fact that all we do is business and securities valuation," Suchor said. "The demand for truly independent valuation services has risen in the wake of the Enron scandal and the Sarbanes-Oxley legislation."

Revenues increased in 2003. "The time was right to expand our business and capitalize on our always independent approach to valuation," Suchor said.

Quist provides valuations of capital stock and other securities, stock options, and intellectual property, fairness opinions, purchase price allocations and goodwill impairment testing for public companies, privately-held companies, and family investment entities. Several members of the firm hold the Chartered Financial Analyst (CFA) designation, which is widely regarded as the most rigorous financial certification program in the world.

It was a year of milestones and firsts as Quist recently provided a fairness opinion (a professional opinion regarding the fairness of a price offered in a merger or takeover) for a billion-dollar transaction, and provided valuations for over 25 international entities, Suchor said.

Several factors have driven Quist's growth, including a surge in mergers and acquisitions activity, increased emphasis on corporate and accounting governance, and general economic optimism, he said.

"Today, the larger concern is for greater trust within the financial communities and the growing need for independence in financial reporting," Suchor said.

The firm maintains its independence by not taking vested interests in transactions, which is rare among entities that do business valuations work.

Such independence -- in addition to deep financial expertise -- sets Quist apart, said Jim Williams, a lawyer at Faegre & Benson in Boulder.

"Quist is at a level of sophistication that a lot of other people out there can't match, and they are independent," Williams said. "New guidelines mean that accounting firms can't do this kind of work anymore for their own clients. People place a premium on independence today."

Previously located in Boulder, Quist Valuation now resides at the Interlocken Advanced Technology Environment, a premier office park near the Flatirons Crossing mall in Broomfield.

Quist Valuation currently has 10 employees and plans to add two to three more employees during the coming year, Suchor added.

"As our workload increases, we'll be looking for talented, experienced individuals to round out our staff," Suchor says.

Increasingly, Quist's client list includes more public companies, including Intrado Inc. (Nasdaq: TRDO), Ramtron International (Nasdaq: RMTR), Koala Corp., Front Range Solutions, Digital Globe, and KFx Inc.

About Quist Valuation, Inc.
Quist Valuation, Inc. is one of the nation's leading independent business valuation and securities analysis firms. Since its inception in 1984, Quist has been dedicated to providing unbiased business valuation expertise to public corporations, privately held companies and private investment entities. Our staff of professionals includes dedicated valuation specialists made up of CFA charter holders, Accredited Senior Appraisers (ASA) and Economists. The Quist offering consists of Financial Reporting, Corporate Finance, Tax Compliance and Litigation Support services. Quist Reports have consistently withstood the intense scrutiny of the IRS, SEC and U.S. Department of Labor.