The Waters Consulting Group, Inc. Acquires The Oldani Group, Inc.

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New division to focus on search and succession planning for public sector on a nation-wide basis.

The Waters Consulting Group, Inc. has expanded its executive search capabilities within the public sector by acquiring Bellevue, Washington-based The Oldani Group, Inc., effective May 1, 2005. The new division, Waters-Oldani Executive Recruitment, creates one of the largest and most experienced public sector executive search firms in the nation, significantly enhancing its ability to serve larger organizations.

"This expansion shows our commitment in emphasizing our executive search expertise," said Rollie O. Waters, President of The Waters Consulting Group. "We remain focused on developing state-of-the-art compensation, performance management and other human resource management solutions for our clients nationwide, but now our executive search experience is unparalleled."

"I have known Jerry Oldani professionally for a number of years and see this as a significant opportunity for Waters-Oldani to make a difference in the quality of the selection process for the public sector," said Chris Hartung, Director of Public Sector Search Services for The Waters Consulting Group, Inc.

Waters-Oldani will emphasize its innovative and effective recruiting methods, focusing on search and succession planning for its public sector clients. "This union is perfect for both firms, allowing us to share in a common set of business values where professional integrity is at the forefront," said Jerrold Oldani, who has more than 35 years of corporate consulting executive search experience.

The Waters Consulting Group, Inc. has more than 29 years of solid and successful experience in the crafting of innovative human resource services and systems for organizations. The Oldani Group, Inc. is a nationally recognized consulting firm that specializes in providing executive search and related consulting services to the public sector. The company has been actively involved in public sector recruitment since 1980, developing ongoing referral relationships throughout the country.

"We complement one another, and by joining forces we are able to offer a greatly enhanced portfolio to our current and future clients," added Oldani, who joins The Waters Consulting Group as Senior Vice President. He will remain in the Bellevue office.

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Sandra Brodnicki

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