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May 17, 2004


LEWISBURG, Pa. — Hood Johnston will present the Bucknell Small Business Development Center (SBDC) seminar, "Succession Planning: Leaving Your Business," Monday, June 7, from 10 a.m. to 1 p.m. in Room 256 of the Elaine Langone Center at Bucknell University.

The cost for attending this seminar is $20; lunch is included. Registration is required: call 570-577-1249, email SBDC@bucknell.edu, or online at http://www.bucknell.edu/script/sbdc/Seminars.asp.

Johnston will present the seven steps in succession planning; developing your succession planning team; selling your business to an outside party; transferring your business to family members, partners or employees; techniques to optimize your cash flow; employee stock ownership plans; dealing with the unexpected; and preserving your wealth.

A 1972 Bucknell graduate, Johnston started American Business Valuation Services Inc. (ABVSI) in 2002 after 15 years as financial vice president or controller at small and mid-market manufacturers. The recipient of an MBA from Rider University, he has been a Certified Public Accountant and Certified Management Accountant for more than 20 years, earning Certified Valuation Analyst status in 1997.

ABVSI supports strategic planning, cost control projects and interim financial management in addition to formal business valuations in the area.

The Bucknell SBDC provides free small business consulting services to residents of Juniata, Mifflin, Montour, Perry, Snyder and Union Counties. To request free business consulting services, complete the online request at http://www.bucknell.edu/sbdc/servicesrequest.html

Created in 1978, it has assisted in creating or retaining nearly 3,000 jobs and helping nearly 4,700 clients. With the exception of seminars, counseling services provided by the SBDC are free. Funding is received from the U.S. Small Business Administration, the Commonwealth of Pennsylvania and Bucknell University.

Located in the Dana Engineering Building, the SBDC serves as an educational research resource for small businesses. Assistance is provided to small business owners to enhance their knowledge of business management through individual consultations, seminars and pre-business workshops. Assistance also is available to help small businesses obtain data and analysis that are generally unobtainable to them on their own.

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