Certified Public Accounting Firm

MaloneBailey Announces Merger with Local CPA Firm

Contact: Caroline Rosen 

Houston, TX, May 27, 2010 – The Houston-based accounting firm, MaloneBailey, LLP, announced today that it is merging with local CPA firm, John M. Thomas, P.C. The merger is part of MaloneBailey’s strategic plan to strengthen its private company practice in Houston as well its construction industry niche. The merger is effective as of 5/15/2010.

MaloneBailey’s newly formed Private Company Practice Team, led by partners Stan Raines and David Forrest, was formed to provide a more cohesive approach to privately held companies and focuses its efforts locally on growing the audit and tax practice.

John Thomas’ practice focuses on audits and reviews as well as tax services and offers a critical mass of private companies to the client roster.

“This merger is part of our plan to strengthen our position as a market leader serving clients in the construction area and it’s one more step in the realization of our vision to continue to expand and grow our private company practice in the local market,” said Wesley Middleton, CPA, MaloneBailey’s Managing Partner.

“This merger will bring benefits to the clients and employees of both firms,” said John M. Thomas, CPA, former Managing Partner, John M. Thomas, P.C/Partner, MaloneBailey, LLP. “Our clients will have access to increased levels of service and expertise and our firms will have additional opportunities for growth and expansion. By building on both firms’ strengths and reputations as CPAs and business advisors, we will be able to continue to attract the most talented professionals in the industry,” Thomas continued.

John Thomas will join MaloneBailey as a Partner and will be responsible for client relations, new business development and growing the construction practice. Seven additional staff members will join MaloneBailey as part of this merger.

About MaloneBailey, LLP

MaloneBailey, LLP, with offices in Houston and New York, is focused on the delivery of audit and tax services to small and middle market companies, both public and private. The firm is a market leader in the delivery of SEC audit services to small and mid-cap publicly traded clients, with over 120 registrants, the largest number of SEC clients audited by a non-national firm. MaloneBailey has been a pioneer in remote auditing strategies and flexible work programs, enabling them to attract and retain top talent to the firm and develop a national practice. For more information about MaloneBailey, LLP, visit www.malonebailey.com