"Making Windows of Opportunity"
KENNETT SQUARE
P: 610-444-1215
F: 610-444-1635
115 South Broad Street
Kennett Square, PA 19348
WILMINGTON
P: 302-478-9515
F: 302-478-0262
3801 Kennett Pike
Building C, Ste. 100
Greenville, DE 19807

November 5, 2013

Dear Clients and Friends,

We are pleased to announce the merger of Corcoran & Associates, P.A. with Fenstermacher & Company, LLP, a CPA firm located in Kennett Square, Pennsylvania, effective September 1, 2013. On that date our combined firm began conducting its practice as Fenstermacher & Company, LLP.

Corcoran & Associates began its professional practice in 1978. Its growth over that span of time has been predominantly internal, stemming from the referrals of our client base and those of other professionals. The growth and development of our professional staff has evolved in a similar manner. We have attracted high quality, committed professionals and invested in their training and development. As a result of those efforts, we have experienced a steady growth over the years. This has been in no small way also directly related to the success our clients have had in their business and personal pursuits.

We decided to seek an affiliation because we believe that a larger organization will allow us to provide a wider array of services and more depth. As you know, in our area of the country finding and retaining excellent people is a constant challenge. A larger organization will also mean our associates will benefit from even more and stronger career opportunities, as well as expanded resources to better serve our clients.

Fenstermacher & Company, LLP, established in 1973, shares the same values we do. We conducted an extensive search within our region looking for an opportunity like this. Fenstermacher & Company, LLP exceeded our hopes for a firm we can combine with, and continue, the tradition we have for excellent service, deep expertise, and an environment our clients and associates want to be a part of.

There are many new services and areas of expertise we will be able to provide to you in the future. We look forward to discussing those in more depth with you. However, there are several things we want to point out that will not change. Those are:

• You will continue to work with the same people in our firm you have in the past. All of our people are being retained in their current roles.
• Our fee structure will not be modified
• The services we have provided to you in the past will continue.
• Our location will not change.

We will be maintaining our offices in Concord Plaza. You will also have the convenience of using the firm’s offices at 115 South Broad Street in Kennett Square. Our existing phone and fax numbers will continue to be operational.

We will have new email addresses, however the old addresses will continue to work for the foreseeable future. The convention for the new addresses is [first initial][last name] @fandco.com.

If you have any questions about this exciting news and what it will mean for you, please contact any of us at any time. We look forward to introducing you to some of our new partners and associates.

We are grateful to you not only for giving us the opportunity to provide you with accounting services but for your loyalty and friendship which has enriched our relationship. We are confident that our new affiliation will serve us all well.

Sincerely,

Tom Corcoran, CPA