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WHAT ABRAMS CLIENTS SAY"Their work product is excellent" To Whom It May Concern: This letter is to attest that Jay Abrams and his firm, Abrams Valuation Group, Inc. (AVGI), have performed approximately 25 valuations for clients of our firm. Their work product is excellent. Their valuation reports reflect mathematical sophistication, clear communication, careful documentation, and meticulous attention to the smallest detail. Additionally, the AVGI team has always been responsive and sensitive to our needs. At times, they have worked around the clock to produce the reports that we needed for a rush job. I highly recommend Abrams Valuation Group, Inc. as your business valuators. Sincerely yours,
Daniel H. O'Connell, Esq. "I would recommend Mr. Abrams for any type of expert valuation issues" To Whom It May Concern: This letter is written as a recommendation for the expert valuation services of Jay Abrams. I was the lead counsel in a very complex construction defect litigation case involving a three story medical building. The case was filed against the architect, the contractor and numerous sub-contractors. The medical group that owned the building had extensive damages in connection with loss of income while the building was being retrofitted to meet earthquake standards. Mr. Abrams was instrumental in providing quantification of the plaintiff's damages for loss of income and other damages in connection with the case. With the assistance of Mr. Abrams, the plaintiffs were able to settle the litigation for a substantial sum. I would recommend Mr. Abrams for any type of expert valuation issues. Very truly yours,
Miller, Monson, Peshel, Polacek & Hoshaw
"Extremely Sophisticated Work for the Ralphs Grocery Family" AVGI's work "saved our client $10 million" We have worked with Jay Abrams and his firm, Abrams Valuation Group, Inc., on a number of assignments. A recent acquisition in which we worked together involved tremendous time pressure, as the closing of a transaction of nearly $100 million depended on his valuation. We were attorneys for the seller in this transaction. There was significant pressure from the buyer and some key people in the seller for the latter to forego being paid for a certain asset that appeared to be worthless, i.e., to cede it to the buyer for nothing. Mr. Abrams' analysis showed that asset to be worth close to $1 million, and subsequent events have indicated his analysis to be correct. That enabled us to prevail in our negotiations with the buyer and get paid for the asset. In the same transaction, the seller had been in R&D on a technology that would have led to a product that appeared to have significant value. The buyer was uninterested in that technology, as it did not fit in its business profile. Some members of the seller's Management wanted to spin off the technology to its stockholders in order to pursue the technology, produce the product, and preserve that value for the stockholders; however, that was causing delays in the acquisition that caused some danger to the acquisition process. While we had only asked Mr. Abrams to value the technology, which he did, he provided us with additional analysis that made it crystal clear that pursuing the spinoff was really risking a net $9 million in transaction value to the seller. After seeing his report, the Board of Directors was able to come to swift, unanimous decision to jettison a project that was jeopardizing a $100 million sale and had far less value than we thought. The team at Abrams Valuation Group, Inc. worked long hours at a very fast pace to comply with our short deadlines, and their work saved our client $10 million. Sincerely yours, H.A., Esq. (Name withheld, as company policy forbids it)
"I Bought the Business for 30% of the Offering Price" |