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Date: September 28, 1998

Section: For The Record

WHO”S NEWS

ACCOUNTING

Allan J. Turoff has joined the Lawrenceville

office of J.H. Cohn, an accounting and consulting firm, as a manager in the tax company”s

department. A graduate of Temple University with a bachelor”s degree in accounting Turoff previously managed his own firm in Voorhees.

Shruti Patel has joined Livingston-based Wiss & Company as a staff accountant. A graduate of Baruch College, she previously worked for Alliance Capital as an account manager.

ADVERTISING

Alyssa Kessler has joined the media

department of DKB & Partners in

Morristown as media supervisor. Prior to this, Kessler was a media supervisor at Saatchi & Saatchi Advertising in New York. She received a bachelor”s degree in advertising from the University of Hartford. In addition to the

appointment of Kessler, DKB & Partners has promoted Brian Hagen to the position of

senior art director. Prior to this, Hagen worked as an art director. He earned a degree in fine arts from Trenton State College.

BANKING

Michael J. Giacobello has been promoted to the position of executive vice president and director of retail delivery at Summit Bank. Giacobello joined the Princeton-based bank in 1981, and was most recently regional

president for the bank”s central New Jersey area. He earned a bachelor”s degree in

accounting from Shippensburg University.

CHEMICALS

Sean Frick has been appointed sales

representative at Ridgefield Park-based Degussa”s silicas and chemical catalyst”s division. Prior to this, Frick worked for Bayer. He earned an MBA from Duquesne University in Pittsburgh, Pennsylvania.

COMMUNICATIONS

Lynne Russo has joined Eatontown-based Lanmark Group as telemarketing director. Prior to this, Russo was director of commercial sales for Microwarehouse, a Lakewood-based direct catalog marketer of computer related products. She attended Miami Dade College in Florida and majored in business.

EDUCATION

Richard D. Chamberlain has been appointed vice president for development and university relations at Rider University in Lawrenceville. Most recently, Chamberlain was vice president development at Cook Children”s Medical Center in Fort Worth, Texas. He earned an AB

degree in economics from Oberlin College. Meanwhile, Rider University has named Christina B. Petruska as vice president for

institutional planning. A graduate of Rutgers University”s Douglass College, Petruska earned a bachelor”s degree in political science. She joined Rider in 1979 and was most recently the associate vice president for institutional services and also special assistant to the president.

FINANCE

Gilbert A. Zimmerman, Jr. has joined

Morristown-based U.S. Trust Company of New Jersey as a senior vice president. He

previously worked for J.P. Morgan. Zimmerman earned a bachelor”s degree in finance from

Seton Hall University.

HEALTH CARE

Dr. Bani A. Sarma has joined the obstetrics/gynecology department of Capital Health System in Trenton. Dr. Sarma received her medical degree from Temple University School of Medicine. She is also a junior

fellow of the American College of

Obstetricians/Gynecologists.

HOSPITALITY

Danny Corral has been appointed regional controller at the golf and hospitality division of Matrix Development Group in Cranbury. A graduate of LaSalle University in the

Philippines, Corral was most recently employed as controller at the Raritan Valley Club.

MARKETING

Kristin Button has been promoted to the

position of account supervisor at Dugan Valva Contess, a Morristown-based marketing and communications company. A graduate of

Muhlenberg College, Allentown, Pennsylvania, with a bachelor”s degree in communications, she most recently held the position of senior account executive. In addition, Michael Carri has been promoted to the position of creative group head. Carri was most recently a senior copywriter. He graduated from Drew

University in Madison with a bachelor”s

degree in psychology.

RETAIL

Drew M. Gattuso has rejoined Shopper”s Charge Accounts in Mahwah as vice president of marketing. Most recently, Gattuso was assistant vice president for product development at Beneficial National Bank”s private label credit card unit. He holds a BS in finance from the Stern School of Business at New York University.

SERVICES

Joseph Kulakowski has been promoted to district manager at Associated Global

Systems in Newark. Kulakowski, who joined

Associated Global Systems 1997 as an

account representative, is a graduate of

Rutgers University.

TECHNOLOGY

James Cambier has been appointed chief

technology officer at Mount Laurel-based IriScan. Most recently, he was technical director at PAR

Vision Systems in New Hartford, Connecticut. Cambier earned an MSEE and Ph.D. from the

University of Rochester.

UTILITY

Edward D. Vallejo has been appointed

treasurer at the corporate center of Voorhees-based American Water Works. Vallejo, who was most recently vice president, private client services, at Barnett Bank Asset Management in Miami, Florida, received an MBA from Stern School of Business, New York University. In addition, Kathleen A. Rohrbaugh has joined American Water Works as director of corporate communications. A former public

affairs manager in the agricultural products group of FMC Corporation in Philadelphia, Rohrbaugh earned a BA in English-speech communications from Iowa State University.

BANKRUPTCIES

BERGEN

HRC, Inc.

20 South Van Brundt St., Englewood

Chapter 11, filed September 4

Case number: 98-41446

Atlantic, LLC

2050 Center Ave., Rm. 510, Fort Lee

Chapter 11, filed September 8

Case number: 98-41457

BURLINGTON

Ridgway, Ridgway & Stayton

2 Eves Dr., Ste. 22, Marlton

Chapter 11, filed September 11

Case number: 98-18430

The Renot Corp.

801 Green St., Edgewater Park

Chapter 11, filed September 11

Case number: 98-18476

GLOUCESTER

Gavin Metal Co., Inc.

PO Box 337, Paulsboro

Chapter 11, filed September 17

Case number: 98-18639

HUDSON

Newman & Company Galleries, Inc.

1500 Harbor Blvd., Weehawken

Chapter 7, filed September 10

Case number: 98-41617

MONMOUTH

Little Drummer Childrens Academy, Inc.

1162 Pine Brook Rd., Tinton Falls

Chapter 11, filed September 4

Case number: 98-51406

Ambassador Transport, Inc.

400 Broadway, Freehold

Chapter 11, filed September 11

Case number: 98-51679

UNION

America Ducts Company L.L.C.

610 Rahway Ave., Union

Chapter 11, filed September 16

Case number: 98-41865

Primo Pizza, Corp.

1728 East St., George Ave., Linden

Chapter 11, filed September 16

Case number: 98-51939 #ducts Company L.L.C.

610 Rahway Ave., Union

Chapter 11, filed September 16

Case number: 98-41865

Primo Pizza, Corp.

1728 East St. / George Ave., Linden

Chapter 11, filed September 16

Case number: 98-51939

INSIDER TRADING

American Standard

Gary A. Brogoch, vice president, disposed of

by gift 400 shares of common at an unreported price on August 13. He now directly holds

6,100 common.

E” Town

Walter M. Braswell, officer, sold 325 shares of common at $42.50 each on August 20. He

now directly and indirectly holds

8,858 common.

Greater Community Bancorp.

John L. Soldoveri, chairman, indirectly

purchased 200 shares of common

at $12.25 each on August 6 and now directly

and indirectly holds 459,316 common.

RE CONTRACTS

Camden

Adaptive Strategies, a computer firm, has leased 4,900 square feet at Cherry Tree Corporate

Center in Cherry Hill. Insignia ESG/Jackson-Cross represented the tenant. CB Richard

Ellis represented the owner, Cherry

Tree Investors.

Lacas Coffee Company has purchased three acres at Pennsauken Industrial Park in Pennsauken. GMH Realty represented the seller, Herman Schaevitz Trust.

Matrix Development Group, a full service real

estate company, has purchased the 170,000 square-foot Metropolitan Business Center

at Colwick in Cherry Hill. Grubb & Ellis

represented the seller, Metropolitan

Life Insurance.

Mercer

Glotech Solutions, a developer of computer

software, has leased approximately 2,600

square feet at Crossroads Corporate Center

in Lawrenceville. Leggat McCall Properties

is the owner. GMH Realty negotiated

the transaction.

Middlesex

Fiserv, a check processing company, has leased 44,981 square feet at 40 Cragwood Road in South Plainfield. Newmark Partners

represented the tenant. Reckson Associates

is the owner.

Oxford Health Plans, a health insurance

company, has leased 43,000 square feet at

Metrotop Plaza I, 111 Wood Avenue, Edison. Williams Real Estate of New York represented the tenant. Jacobson, Goldfarb & Tanzman

represented the owner.

Morris

Hyman Beck, a money management firm, has leased 7,000 square feet in the Park Avenue

Office Complex at 400 Campus Drive in Florham Park. Alexander Summer represented the tenant. Gale & Wentworth represented the owner, JP Morgan Investment Management.

Schein Pharmaceutical, a pharmaceutical

company, has leased 7,270 square feet in the Park Avenue Office Complex at 400 Campus Drive in Florham Park. Alexander Summer

represented the tenant. Gale & Wentworth

represented the owner, JP Morgan

Investment Management.

Solomon Smith Barney, a financial services

firm, has leased 20,500 square feet in the Park Avenue Office Complex at 400 Campus Drive in Florham Park. Alexander Summer represented the tenant. Gale & Wentworth represented the owner, JP Morgan Investment Management.

U.S. Trust Company of New Jersey, a money

management firm, has leased 6,000 square feet

in the Park Avenue Office Complex at 400

Campus Drive in Florham Park. Alexander

Summer represented the tenant. Gale &

Wentworth represented the owner, JP Morgan

Investment Management.

Warner Chilcott, a subsidiary of Warner Lambert, has leased an additional 11,000 square feet in Rockaway 80 Corporate Center at 100

Enterprise Drive in Rockaway. The Garibaldi Group represented the tenant. Lincoln Equities Group, the owner, was represented in-house.

M&As

Date Announced: 9/7/98

Buyer: Southtech Plastics

City/State: New Bern, NC

Seller: Transfer Print Foils

City/State: East Brunswick, NJ

Price: Not Available

Percent Sought: 100

Date Announced: 9/8/98

Buyer: Greater Community Bancorp

City/State: Totowa, NJ

Seller: First Savings Bancorp

City/State: Little Falls, NJ

Price: $23 million

Percent Sought: 100

Date Announced: 9/8/98

Buyer: Health-Pak

City/State: Utica, NY

Seller: Jake Industries

City/State: Lakewood, NJ

Price: $1.3 million

Percent Sought: 100

Date Announced: 9/9/98

Buyer: Digital Solutions

City/State: South Plainfield, NJ

Seller: TeamStaff

City/State: Tampa Bay, FL

Price: Not Available

Percent Sought: 100

Date Announced: 9/9/98

Buyer: Lighthouse Landings

City/State: Matawan, New Jersey

Seller: Fast Ferries

City/State: Not Available, NY

Price: Not Available

Percent Sought: 100

Date Announced: 9/9/98

Buyer: Superior Services

City/State: Milwaukee, WI

Seller: PenPac

City/State: Paterson, NJ

Price: Not Available

Percent Sought: 100

Date Announced: 9/10/98

Buyer: United Natural Foods

City/State: Dayville, CT

Seller: Albert”s Organics

City/State: Bridgeport, NJ

Price: Not Available

Percent Sought: 100

Date Announced: 9/10/98

Buyer: EcoScience

City/State: East Brunswick, NJ

Seller: Agro Power Development

City/State: East Brunswick, NJ

Price: Not Available

Percent Sought: 100

Date Announced: 9/10/98

Buyer: Quintiles Transnational

City/State: Durham, NC

Seller: Data Analysis Systems

City/State: Piscataway, NJ

Price: Not Available

Percent Sought: 100

Date Announced: 9/10/98

Buyer: Kranzco Realty Trust

City/State: Conshohocken, PA

Seller: New America Network

City/State: Hightstown, NJ

Price: Not Available

Percent Sought: 100

Date Announced: 9/11/98

Buyer: General Dynamics

City/State: Falls Church, VA

Seller: Caldwell Diving

City/State: Toms River, NJ

Price: $8 million

Percent Sought: 80

Date Announced: 9/14/98

Buyer: Qwest Communication Intl.

City/State: Denver, CO

Seller: Icon CMT

City/State: Weehawken, NJ

Price: Not Available

Percent Sought: 100

Date Announced: 9/14/98

Buyer: Interim Services

City/State: Fort Lauderdale, FL

Seller: Polmar Technologies

City/State: Not Available, NJ

Price: $172.2 million

Percent Sought: 100

Date Announced: 9/14/98

Buyer: Qwest Communications

International

City/State: Denver, CO

Seller: Icon CMT

City/State: Weehawken, NJ

Price: $190.61 million

Date Announced: 9/15/98

Buyer: Mack-Cali Realty

City/State: Cranford, NJ

Seller: Office Building, 40 Richards

City/State: Norwalk, CT

Price: Not Available

Percent Sought: 100

Date Announced: 9/15/98

Buyer: Wella USA

City/State: Montvale, NJ

Seller: Belvedere Co.

City/State: Milwaukee, WI

Price: $18.6 million

Percent Sought: 100

Date Announced: 9/17/98

Buyer: Healthcare Imaging Services

City/State: Red Bank, NJ

Seller: Bloomfield Imaging Associates

City/State: Not Available, NJ

Price: Not Available

Percent Sought: Not Available

Date Announced: 9/17/98

Buyer: Healthcare Imaging Services

City/State: Red Bank, NJ

Seller: Echelon MRI

City/State: Not Available, NJ

Price: Not Available

Percent Sought: Not Available

Date Announced: 9/17/98

Buyer: Healthcare Imaging Services

City/State: Red Bank, NJ

Seller: Irving N. Beran, MD, PA

City/State: Not Available, NJ

Price: Not Available

Percent Sought: Not Available

Date Announced: 9/17/98

Buyer: Healthcare Imaging Services

City/State: Red Bank, NJ

Seller: Mainland Imaging Centre

City/State: Not Available, NJ

Price: $67 million

Percent Sought: 49

Date Announced: 9/17/98

Buyer: Healthcare Imaging Services

City/State: Red Bank, NJ

Seller: North Jersey Imaging Center

City/State: West New York, NJ

Price: Not Available

Percent Sought: Not Available

Date Announced: 9/17/98

Buyer: CareOne

City/State: Savannah, GA

Seller: Kuala Healthcare

Unit Sold: 49% stake in 5 Nursing Facilities,

100% in Institutional Pharmacy Business

City/State: Englewood Cliffs, NJ

Price: $67 million

Percent Sought: 100

Date Announced: 9/17/98

Buyer: Commerce Bancorp

City/State: Cherry Hill, NJ

Seller: Prestige Financial

City/State: Flemington, NJ

Price: $69.2 million

Percent Sought: Not Available

Date Announced: 9/17/98

Buyer: Undisclosed Acquiror

City/State: Unknown

Seller: Conolog Corp

Unit Sold: Headquarters Building

City/State: Somerville, NJ

Price: $0.7 million

Percent Sought: 100

Date Announced: 9/17/98

Buyer: Consolidated Delivery & Logistics

City/State: Paramus, NJ

Seller: Eveready Express

City/State: New York City, NY

Price: Not Available

Percent Sought: 100

Date Announced: 9/17/98

Buyer: Hibernia Foods

City/State: Dublin, Ireland

Seller: Vlassic Foods International

Unit Sold: Freshbake”s Frozen

Donut, Fruit Cobblers and Pudding Business

City/State: Camden, NJ

Price: Not Available

Percent Sought: 100

Date Announced: 9/18/98

Buyer: MedQuist

City/State: Marlton, NJ

Seller: MRC Group

City/State: Cleveland, OH

Price: $226.87 million

Percent Sought: 100

Date Announced: 9/21/98

Buyer: ALR Group

City/State: Ridgefield, NJ

Seller: Sentex Sensing Technology

Unit Sold: Sentex Systems

City/State: Cleveland, OH

Price: Not Available

Percent Sought: 100