Contact:
Lisa Lee, Vice President, Marketing
Clark Consulting
Phone: 509-465-0589
lisa.lee@clarkconsulting.com

Clark Consulting Announces Divestiture of Compensation Group

January 22, 2008 - Clark Consulting has announced that it will streamline the array of services the firm offers, returning its focus to executive benefits and business-owned life insurance. The firm will continue to provide its clients with strategic financing of underfunded and unfunded liabilities utilizing the latest advancements in COLI and BOLI products, but Clark Consulting is divesting its remaining compensation consulting group, which has begun operation as a separate entity, Amalfi Consulting, LLC.

“In today’s business environment, one which values specialization and expertise, Clark Consulting has made the strategic business decision to return to our roots,” said Kurt Laning, President of Clark Consulting. “Helping clients analyze and optimize the risk return relationship of their executive benefit plans and business-owned life insurance programs (COLI, BOLI) are our primary areas of expertise, and concentrating on consulting within that framework provides our clients with the best we have to offer.”

Amalfi Consulting, formerly the Compensation Group of Clark Consulting, will assume Clark’s former compensation clients and continue to offer those clients its compensation expertise in the banking industry. Amalfi Consulting will focus on helping clients navigate their board of director and officer compensation issues. “We are very excited about this new opportunity,” said Todd Leone, president of Amalfi Consulting. “This change allows us to provide our consulting expertise to our clients with increased focus. Our goal has always been and continues to be to help our clients become better through state-of-the-art compensation solutions. We have focused on compensation consulting for 10 years within Clark Consulting; they have been a great partner. We look forward to continuing to work with our clients in solving their compensation issues under Amalfi Consulting.”

Clark Consulting has been a leading provider of Bank-Owned Life Insurance (BOLI) and Corporate-Owned Life Insurance (COLI) for the past 25 and 40 years respectively, and the company views these new service changes in keeping with Clark’s historical success. Laning concluded, “By turning our focus entirely toward financing solutions and executive benefits, we are providing our clients with the industry-leading advice they have come to expect from Clark Consulting for more than 40 years."

ABOUT CLARK CONSULTING

Founded in 1967, Clark Consulting is a firm with expertise in executive compensation and benefit design, funding and plan administration. With more than 3,800 corporate, banking and healthcare clients, Clark Consulting's mission is helping companies keep their best people.

All statements other than statements of historical fact included in this news release are forward-looking statements. Words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. These statements are not a guarantee of future performance. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors, such as difficulties associated with changes in tax legislation, dependence on key consultants, the Company's dependence on persistency of existing business, credit risk related to renewal revenue, acquisition risks such as our ability to integrate acquired businesses, competitive factors and pricing pressures, dependence on certain insurance companies, changes in legal and regulatory requirements, general economic conditions and such other factors discussed under the caption "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2005 as filed with the Securities and Exchange Commission. Such statements reflect the current views of the Company's management with respect to future events and are subject to these and other risks, uncertainties and assumptions relating to the operations, results of operations, growth strategy and liquidity of the Company. All subsequent written and oral forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by this paragraph. The Company has no intention, and disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future results or otherwise. Further information may be obtained at the Company's Internet site: http://www.clarkconsulting.com.

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