Elliott Davis, LLC Named One of Southeast's Top Accounting Firms by Leading Industry Publication

May 12, 2008

GREENVILLE, SC – May 12, 2008 – Elliott Davis, LLC, one of the Southeast’s largest accounting firms, has been named to Practical Accountant’s Top 15 Southeast Firms ranking.

Elliott Davis, the only firm headquartered in South Carolina included in this year’s ranking, captured the 12th spot on the list with over $37.8 million in revenue for FYE 2007 – a 17% revenue increase over FYE 2006.

This important annual industry recognition ranks the top firms in Alabama, Arkansas, Georgia, Florida, Mississippi, North Carolina, South Carolina, Tennessee, Virginia and West Virginia on net revenue. Additionally, these top firms are ranked according to the number of partners and shareholders; number of non-partner professional staff; number of offices; as well as growth in practice areas and niche markets.

The data was obtained by the editorial staff of Practical Accountant and its sister publication, Accounting Today. The rankings are based on net revenue, and the information is primarily obtained directly from the firms.

In this year’s ranking covering fiscal year end 2007, Elliott Davis is recognized for its excellence in merger and acquisition consulting, as well as the firm’s success in dealing with government and government contractor clients.

“In 2007, Elliott Davis was presented with several outstanding opportunities that enabled the firm to expand into key Southeastern markets including Charlotte, Charleston and Myrtle Beach,” said Elliott Davis Chairman Todd Mitchell. “Elliott Davis team members from all across our organization have positively impacted our planned growth strategies, and our placement in this ranking is a testament to their commitment to our firm’s success.”

In addition to its recognition by Practical Accountant for net revenue growth in FYE 2007, Elliott Davis also achieved numerous milestones in 2007, including:

June 2007 – Elliott Davis announces the formation of Retirement Plan Advantage, LLC, its retirement plan consulting and administration affiliate. Retirement Plan Advantage provides consulting, participant recordkeeping, and administration for a variety of qualified retirement plans including 401(k), profit sharing, defined benefit, money purchase and employee stock ownership plans (ESOP). June 2007 – Elliott Davis announces the formation of Elliott Davis Capital Partners, its regional investment banking firm affiliate. Elliott Davis Capital Partners provides investment banking services to emerging and middle market businesses and their investors including assistance with mergers and acquisitions, dispositions, private placements, recapitalizations and restructurings. June 2007 – Elliott Davis holds its third annual Student Leadership Forum titled “Surviving and Thriving,” which offers promising accounting professionals an opportunity to cultivate core expertise required to thrive in the world of public accounting. Elliott Davis shareholders and staff addressed the following business topics, among others: leadership dynamics, networking, college-to-work transitioning and business etiquette.

October 2007 – Elliott Davis opens an office in Myrtle Beach, S.C. as part of its strategic growth in the Southeast. October 2007 – Elliott Davis joins forces with Charlotte-based accounting firm, Elliot and Warren, PLLC to form an Elliott Davis office in Charlotte, N.C. October 2007 – Elliott Davis is recognized as one of the top five companies in the “2007 Best Places to Work in South Carolina” competition sponsored by the South Carolina Chamber of Commerce, the Society for Human Resource Management (SHRM) – South Carolina State Council, www.SCJobnetwork.com, Best Companies Group and SCBIZ magazine.

November 2007 – Elliott Davis announces the winners of its annual “South Carolina’s Fastest-Growing Companies” competition. Co-sponsored by Elliott Davis and the South Carolina Chamber of Commerce, the South Carolina’s Fastest-Growing Companies program recognizes the achievements of private and publicly-owned companies that have contributed to South Carolina’s economy.

December 2007 – Elliott Davis combines operations with two of South Carolina’s oldest and most respected accounting firms – McKnight Frampton CPAs, LLC and Schleeter Monsen & Debacker, LLP to form an Elliott Davis, LLC presence in Charleston, S.C. 2007 – Elliott Davis adds seven shareholders.

About Elliott Davis, LLC

Since 1925, Elliott Davis has been the accounting and business advisory firm that improves the financial management of emerging and middle market clients by offering a comprehensive array of accounting and business advisory services. Today, Elliott Davis is one of the largest accounting and business advisory firms in the Southeast, and among the top five companies awarded as “2007 Best Places to Work in South Carolina.” With 46 shareholders, Elliott Davis has nearly 400 employees in 10 offices throughout the Southeast. Elliott Davis’ affiliates include Elliott Davis Capital Partners, LLC, a regional investment banking firm; Elliott Davis Technology Solutions, LLC, a leading full-service network integration and security provider; Elliott Davis Wealth Management Services, LLC, which helps individuals achieve personal financial goals by providing planning, investment, insurance and brokerage services; and Retirement Plan Advantage, LLC, providing a broad range of qualified retirement plan services. The firm is a member of The Leading Edge Alliance, an international professional association of independently-owned accounting and consulting firms based in the U.S., and is strategically aligned with LEA Europe and LEA Asia Pacific, a worldwide network of 300 offices in 80 countries around the globe.

For more information about Elliott Davis and its services, visit www.elliottdavis.com.