Clark/Bardes Buys Coates Kennedy

December 26, 2001 ( Clients of executive compensation and benefits specialist Clark/Bardes Consulting may benefit from the group's additional resources following its acquisition of Coates Kenney, Inc.

Coates Kennedy provides actuarial, consulting, and administrative services to retirement plans and post-retirement medical plans.

Clark/Bardes will pay $1.2 million, with an initial $600,000 in cash and contingent payments of $600,000 in stock – payable over three years provided that certain revenue targets are met.

This is Clark/Bardes Consulting’s eighteenth acquisition since the company’s initial public offering in August 1998.