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Contact: Stephen E. Hancock
President and Managing Shareholder

Thomas, Knight, Trent, King and Company

(919)383-8585

May 23, 2008

THOMAS, KNIGHT TRENT, KING, AND COMPANY JOINS AUDIT QUALITY CENTER FOR EMPLOYEE BENEFIT PLAN ERISA AUDITS 

Durham, North Carolina, May 23, 2008 -Thomas, Knight, Trent, King and Company has committed to the highest auditing standards by joining the American Institute of Certified Public Accountants"(AICPA) Employee Benefit Plan Audit Quality Center for CPA firms.

The Center is a national community of CPA firms that demonstrate a commitment to employee benefit plan audit quality and is designed to raise awareness about the importance of ERISA audits. The AICPA Employee Benefit Plan Audit Quality Center membership provides its members with access to a wealth of comprehensive resources in quality employee benefit plan audits.

"As a member of the Employee Benefit Plan Audit Quality Center, we are committed to perform the highest quality audits possible. We demonstrate our commitment by voluntarily agreeing to adhere to the Center’s significant membership requirements, including designating a shareholder to be responsible for our employee benefit plan audit practice, establishing quality control programs, performing annual internal inspection procedures, and making our firm’s peer review report findings publicly available." Said Stephen E. Hancock, CPA, and Managing Shareholder.

"Our Employee Benefit Plan Audit Quality Center membership provides us timely information on a variety of technical, legislative and regulatory subjects. We can then apply these resources to our clients’ employee benefit plan audits to help ensure that they are in compliance with the appropriate standards and changes in regulation Our center membership will help us to respond nimbly to new standards and requirement to ensure we deliver the most efficient and highest quality audits possible," continued Hancock.

Tracing its roots back to 1917, TKTK is one of the oldest and largest privately held CPA and Business Consulting firms in the Triangle Region. The firm services a wide range of clients. The firm offers a broad range of services, including auditing, tax, estate and financial planning, profit enhancement, and management advisory services. To learn more visit www.tktk.com.

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