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Non-Tech : GTAX - Gilman & Ciocia, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Doug R who wrote (85)	1/17/1998 11:49:00 AM
From: Sergio H	Read Replies (1) \| Respond to of 184

Friday January 16, 10:48 am Eastern Time Company Press Release Gilman + Ciocia Opens Seven New Offices Company Continues to Acquire Profitable Tax Practices GREAT NECK, N.Y.--(BUSINESS WIRE)--Jan. 16, 1998--Gilman + Ciocia Inc. (NASDAQ: GTAX - news) announced today the opening of seven new tax preparation and financial planning offices. The new offices are located in Spring Hill, FL; Sarasota, FL; Altamonte Springs, FL; Virginia Beach, VA; Atlanta; Woodmere, NY; and Somerville, MA. With the addition of these new offices, the company now has 128 locations in 15 states. Commenting on the announcement, Tom Povinelli, chief financial officer, Gilman + Ciocia said, ''These new office openings are consistent with our strategy of continuing to acquire profitable tax practices with the goal of building critical mass in all geographic regions of the country.'' Gilman + Ciocia Inc. is the first publicly traded company to combine financial planning and tax preparation services. Headquartered in Great Neck, Gilman + Ciocia now has over 90,000 clients with 128 offices in 15 states. ------------------------------------------------------------------------ Contact: Gilman + Ciocia Inc., Great Neck Thomas Povinelli, Chief Financial Officer 516/482-4860 or The Pinnacle Group, Bayside Mark Cohen, 718/428-7651