Enhance Your Efficiencies with Tools Built on the Microsoft ® Excel Platform Featuring Business Valuation Manager ™ Pro Express Business Valuation Business Valuation Report Writer ™ Valuation Databases 30-Day Money-Back Guarantee See inside for details Business Valuation Tools Comprehensive Valuation Tools Kit and Ultimate Data Bundle Must-Have Time and Money-Saving Tools for Valuation Professional at savings of 40-60% off retail price! See page 6 for details BUSINESS VALUATION MANAGER PRO BUSINESS VALUATION REPORT WRITER EXPRESS BUSINESS VALUATION
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Enhance Your Efficiencies with Tools Built on the Microsoft® Excel Platform
FeaturingBusiness Valuation Manager™ Pro Express Business ValuationBusiness Valuation Report Writer™ Valuation Databases
30-Day Money-Back Guarantee See inside for details
Business Valuation Tools
Comprehen
sive V
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and Ultim
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Bundle
Must-Have
Time a
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Tools
for Valu
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of 40-6
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CD Product
BUSINESS VALUATION MANAGER PRO
CD Product
BUSINESS VALUATION REPORT WRITER
CD Product
EXPRESS BUSINESS VALUATION
The National Association of Certified Valuators and AnalystsPage 2
Introducing Business Valuation Manager™ Pro
“I was lucky to have the opportunity to beta test Business Valuation Manager Pro v4.0. It is a significant improvement over the last version. In particular, the user interface is much more intuitive and easy to use. I am looking forward to using Business Valuation Manager Pro as an important tool in my valuation practice.”
–Gregory M. Pearl, MBA, MS, CVA Alteris LLC
The National Association of Certified Valuators and AnalystsPage 2
Microsoft® Excel and Word Compatibility
BVM Pro is 100% built on Excel (for the analysis) and 100% built on Word (for the written reports). Enjoy the best of both worlds—a sophisticated
valuation application as well as the flexibility and capacity to customize in Excel and
Word. Switch to Excel to view/add/change formulas and formats and use Word
to edit the automatically generated reports.
Pro
Pro
The National Association of Certified Valuators and Analysts5217 South State Street, Suite 400, Salt Lake City, UT 84107-4812Tel: (801) 486-0600 Fax: 801 486-7500 Internet: wwwnacva.com
The National Association of Certified Valuators and Analysts5217 South State Street, Suite 400, Salt Lake City, UT 84107-4812Tel: (801) 486-0600 Fax: 801 486-7500 Internet: wwwnacva.com
The National Association of Certified Valuators and Analysts5217 South State Street, Suite 400, Salt Lake City, UT 84107-4812Tel: (801) 486-0600 Fax: 801 486-7500 Internet: wwwnacva.com
The Paragon of Proficiency
It didn’t take long after its introduction in 2004 for Business Valuation Manager Pro to become the dominant business valuation software on the market. As John W. (Jay) Dunbar, CPA, CVA,
says, “BVM Pro is by far the easiest to use and most comprehensive valuation tool I have seen and used.” NACVA’s 20 years of experience in software development, coupled with our ValuSource partnership, produced a benchmark software utility that meets and exceeds the demands of the new user as well as the most experienced.
With BVM Pro v5.0 for Office 2007, v6.0 for Office 2010, or v7.0 for Office 2013, you can enjoy 50 additional groundbreaking features:• Completelycustomizeyourworkproductbecauseit’sbuiltonExcelandWord• Automateandstandardizeyourvaluationpractice• DocumentyourStandardofCareandStandardsofCompliance• Integratedatafromavarietyofdifferent,essentialvaluationdatabases• Enjoycomprehensivefinancialstatementinput/adjustmentsandvaluationanalysis
Check out These User-Friendly BVM Pro FeaturesWhetheryou’reengagedinlitigationsupport,doingabuy/sellanalysis,orIRScompliance,BVMProhaseverythingyouneed:completesupportforallthestandardvaluationmethods,withroomforaddingyourownmethods;comprehensivefinancialanalysiswitheasyaccesstoindispensabledata;thoroughtestingofyourconclusionofvalue;andoptionalautomaticreportgeneration using Business Valuation Report Writer™.• Builton100%Excelforyouranalysisand100%Wordforyourwrittenreport—soyoucanenjoyasophisticatedvaluationapplicationaswellasflexibilityandmaximumcustomization
Save Time and Effort with DatabasesBVM Promakesincorporatingdatafromavarietyofoptionalvaluationdatabaseseasy.Nocuttingandpastingorcopying—justclicktoselectthedatayouneed,andBVMProincorporatesitdirectlyintoyouranalysis.ThefollowingdatabasesareavailablefromNACVA®(seepages8-11fordescriptionsandprices):BIZCOMPS®
System RequirementsOfficeProfessional2007(requiresBVMProv5.0)OfficeProfessional2010(requiresBVMProv6.0)OfficeProfessional2013(requiresBVMProv7.0)Harddrive80GBspaceforprogram,130+MBfortutorialsCD-ROMDrive1GBmemory,2GBrecommendedSoundcardandWindowsMediaPlayerfortutorialsSuperVGADisplay(1024x786resolution)Microsoft®WindowsVista/Windows7/Windows8Pentium®4Processor,2.4GHzrecommendedBVM Proisnotcompatiblewithpaperlessengagement/managementsystems(CCH,PPC,ProFX,etc.)
BVM Pro Price* (before NACVA Member Discount)SingleUser ................................................................$1,095
Money-Back GuaranteeNACVA offers a 30-Day Money-Back Guarantee (databases
excluded). If you are not satisfied with the quality of any NACVA software product and have not registered the software, return it
to NACVA within 30 days, and we will refund your money.
“The redesign of the software makes the program much easier to navigate. Ease of data entry is greatly improved.”
—Glenn Block, CPA/ABV, CVA
The National Association of Certified Valuators and AnalystsPage 4
Now there’s a way to automate and standardize your reports in Microsoft® Word and Excel—in half the time! Incorporating over 20 years of
experience, Business Valuation Report Writer™ (BVRW) was specifically designed to reduce the amount of time it takes to create professional and comprehensive business valuation reports.
So Easy to Use ThelearningcurvehasbeendrasticallyreducedbecauseyoualreadyknowhowtouseMicrosoftWord.YoustillcreateyourreportusingWord,buttheReportWritergivesyoualayerofadditionalfunctionalityontopofWordtomaketheprocessmuchfasterandeasier.Sostopwastingtimecreatingbusinessvaluationreportsandautomateandstandardizeyourreportgenerationprocesstoday!
System RequirementsBusinessValuationReportWriterrunsonMicrosoft®WindowsVista,Windows7,andWindows8.Office2007requiresBVRWVersion5,Office2010requiresBVRWVersion6,andOffice2013requiresBVRWversion7(sameasBVM Pro).BVRWrequires200megabytesofdiskspace.BVRWisnotcompatiblewithpaperlessengagement/managementsystems(CCH,PPC,ProFX,etc.)
“The Report Writer saves substantial report construction and review time and enhances the result. I strongly recommend the BVRW for report intensive assignments.”
—Darrell D. Dorrell, CPA, MBA, ASA, CVA, CMA, DABFA, CMC,
financialforensics
* Prices are subject to change
CD Product
BUSINESS VALUATION REPORT WRITER
Money-Back GuaranteeNACVA offers a 30-Day Money-Back Guarantee (databases
excluded). If you are not satisfied with the quality of any NACVA software product and have not registered the software, return it
to NACVA within 30 days, and we will refund your money.
www.NACVA.com | (800) 677-2009 Page 5
Express Business Valuation Save 50% of the time it takes to perform a valuation
(including the written report!) using Microsoft® Excel and Word—guaranteed. Express Business
Valuation (EBV) from ValuSource is a full-featured busi-ness valuation product that includes valuation analysis, and a variety of optional valuation databases (purchased separately). Since Express Business Valuation is written completely in Excel and Word, it’s fully customizable.
What Can Express Business Valuation Do for You?Ifyouwanttostandardizeandautomateyourbusinessvaluationpractice,youneedExpressBusinessValuation.EBViseasytolearnbecauseyoualreadyknowhowtouseExcelandWord.Sincebusinessvaluationisnotanexactscience,you’lllovethefactthatEBVspreadsheetsarecompletely
System RequirementsEBVrunsonOfficeProfessional2007-2013(OfficeProfessional2007requiresEBV5.0)(OfficeProfessional2010requiresEBV6.0)(OfficeProfessional2013requiresEBV7.0)EBVisnotcompatiblewithpaperlessengagement/managementsystems(CCH,PPC,ProFX,etc.)
EBV Price* (Before NACVA Member Discount)SingleUser .................................................................... $695Multi-User(eachadditionalseat) ................................... $485
CD Product
EXPRESS BUSINESS VALUATION
Money-Back Guarantee
NACVA offers a 30-Day Money-Back Guarantee (databases
excluded). If you are not satisfied with the quality of any NACVA software product and have not
registered the software, return it to NACVA within 30 days, and
we will refund your money.
* Prices are subject to change
“I find EBV a great complement to the spreadsheets I’ve developed myself. Since EBV is written in Excel, I can use Excel to customize it just like I customize my own spreadsheets and get exactly what I want.”
—Richard Claywell, CPA, CVA, CM&AA, MAFF
The National Association of Certified Valuators and AnalystsPage 6
NACVA’s BVM Pro and EBV Power Packs
Save while you automate and standardize your valuation practice with NACVA’s and ValuSource’s Power Packs, which combine time-tested software with must-have valuation databases. The add-on Business Valuation Report Writer™ is available for both the NACVA Business Valuation Manager™ Pro (BVM Pro) and ValuSource’s Express Business Valuation (EBV) Power Packs.
Must-Have Time and Money-Saving Tools for the Valuation Professional
Ultimate Valuation DATA Bundle
Get all the business valuation data you need and save $1,670. Start your next valuation with all the data at your fingertips in nine must-have databases (see list).
Save 40% off the full retail price of $3,965Add BIZCOMPS® for Only $200 (retail value of $465)
Comprehensive Valuation Tools Kit TM
Standardize and automate your valuation practice:•Built on 100% Microsoft® Excel for your analysis and
100% Microsoft® Word for your written report—so you can enjoy a sophisticated valuation application as well as have complete flexibility and total customization
•Access to nine must-have valuation databases (see list)•Use a comprehensive valuation system that is relied on
(and court-tested) by thousands of your peers• Automatic standards-based report generation saves up to
50% of the time it takes to create a valuation report• Standard valuation methods•Comprehensive financial analysis• Sanity checks•Automatic report generation• Software Technical support• GUARANTEED to save you an incredible amount of time
We strongly encourage you to at least check out this Kit and judge for yourself. With our UNCONDITIONAL,
no-questions-asked, 30-day money-back guarantee on BVM Pro and BVRW, you have absolutely nothing to lose.
Save 50% off the full retail price of $5,655Add BIZCOMPS® for Only $200 (retail value of $465)
The Comprehensive Valuation Tools Kit incorporates BVM Pro and the Business Valuation Report Writer (BVRW) with all the must-have databases for only $2,795! This is over 50% savings off the full retail price of $5,655.
Only $2,795!
Only $2,295!
Call Member Services at (800) 677-2009 to purchase.DoneDeals is a registered trademark of Thomson Reuters. Multi-user pricing available.
www.NACVA.com | (800) 677-2009 Page 7
Appraisal Database and Mentoring Services (ADAM) is a subsection of the National Association of Certified Valuators and AnalystsTM (NACVA®), established when the Institute of Business Appraisers (IBA) merged into NACVA in July 2012.
ADAM subscribers receive a suite of services and benefits previously only available to IBA members with a few enhancements:
• UnlimiteddownloadsfromtheIBAMarketDatabase• One-yearsubscriptiontoBusiness Appraisal Practice(electroniccopy)*• One-yearsubscriptiontoAround the Valuation World™ in 90 Minutes*• One-yearsubscriptiontotheArticleArchivesDatabase•OnlineMentoringServices(additionalfeesmayapply)• 10%discountoffmostcoursesofferedattheConsultants’TrainingInstitute™(CTI™),plustheAnnualConsultants’Conference
IBA Market Database:ThelargestsourceoftransactiondataforprivatelyheldbusinesssalesintheU.S.Featuringmorecomparables(over37,000),moreindustries(780SICcodes),largecompanysales(over4,000transactionsvaluedatover$1M),andrecentsales(containsover10,000sales/dealsfromthelastfiveyears).YouwillalsoreceivetheIBAMarketDataAnalyzer,anExceltemplatethatimportsandanalyzesyourselecteddata.
Business Appraisal Practice:Oneoftheindustry’smostwidelyacclaimedpeer-reviewedtechnicalbusinessappraisaljournals.
Around the Valuation World™ in 90 Minutes:Eachmonth,subscriberslogintothiswebzineserieswhereinleadingprofessionalssummarizeanddiscussthelatestnews,methods,procedures,courtdecisions,
AnnouncingtheValuation Data ExplorerVALUATIONDATAEXPLORERisthenewest,fastestwaytogetallthevaluationdatayouneedintoBusiness Valuation ManagerTM Pro or ExpressBusinessValuation.Withthevaluationdatabasesinthecloud,yougetfast,easyaccesstothecriticalvaluationdatayouneed.ValuationDataExplorer(VDE)isanonlineapplicationtoolthatgivesyouaccesstoallofthevaluationdatabasesthroughanicononyourdesktop.Thereisnolongeraneedtoinstalldatabasesontoyour harddrive.
To learn more, call NACVA Member Services at (800) 677-2009.
The National Association of Certified Valuators and Analysts
The National Association of Certified Valuators and AnalystsPage 12
Damages Advocate (Web)(Works with: Excel and Word)DamagesAdvocateconsistsofthree,easy-to-usewebapplications(can be purchased together or separately)thatautomateandstandardizethecomplexdamagescalculationsrequiredforpersonalinjury,wrongfuldeath,andemploymentlawcases.AtransparentviewofthedataenteredandtheunderlyingcalculationsisdeliveredinanExcelworkbooktogenerateconvincingreports.Youcanalsoevaluateapotentialcaseorpreparefortrialusinglifeandworklifeexpectancy.Analysis,data,andreportingareintegratedintofastandsecureprogramsthatuseindustry-standardencryptedcommunication(betweenyourcomputerandourserver)aswellasencryptingallcase-specificdatathatresidesonourserver.WithDamagesAdvocate,youcanbeassuredthatyouwillcompleteyourcalculationsquicklyandefficiently,thattheresultswillbeaccurateandwell-documented,andthatyourconfidentialdatawillremainsafe.Pricesareforaone-yearsubscription. ChooseFromThreeApplications: Personal Injury Wrongful Death Employment Law OneApplicationPrice............$495............TwoApplicationsPrice............$795............ThreeApplicationsPrice....$1,095 Additionaluserlicensesareavailable.
MGMA Physicians Compensation and Production Survey (CD)(Works with: Excel)Ifyou’revaluingoradvisingamedicalpractice,youwillneedtonormalizethephysician’scompensationtofairmarketvalues.ThePhysiciansCompensationandProductionSurveydata—forover100specialties—willallowyoutoquicklydeterminefairmarketvaluecompensationsoyoucandevelopanddefendyouradjustments.Thesurveywillalsogiveyouthedataandbenchmarkingtoolstocompareaphysician’sproductiontoindustrynorms,whichwillprovidevaluableinsightintothephysician’sandpractice’sperformance.Thisdataisequallyvaluableformedicalpracticevaluationandmedicalpracticeconsulting.Price ...................................................Single:$960 ...................Multi: $2,200
Medical Databases
Economic Damages Calculation Software
www.NACVA.com | (800) 677-2009 Page 13
—Source— —Provides— —Why You Need This Database—
BIZCOMPS®
Small business transaction sale data over past 10+ years, over 12,000 small business sales < $1 million.
Sales price, terms, and financial ratios of private compa-nies. Special feature: Market data appraisal method tool with written report.
Best source of comparable data for businesses sold at or less than $1 million. Charge $500–$1000 for a market appraisal: generate report in less than 30 minutes.
DoneDeals® and Mid-Market CompsOngoing (10+ yrs) SEC filing data from 10,000 businesses. Sales transactions of $1–$200 million sales businesses.
Sales price, terms, and financial ratios for public companies.
Best source when looking for comparables of businesses sold between $2–$200 million.
Duff & PhelpsDrawn from both CSRP and Compustat databases cover-ing 47 years (1963-2010) of financial reports from compa-nies listed on NYSE, NASDAQ, and AMEX.
Equity risk premiums for companies sized by eight different criteria.
It has gained wide acceptance as a source of risk premium data and should also be considered, along with Ibbotson® SBBI®, in determining accurate and defensible risk premiums.
IBA Market Data (subsection of Appraisal Database and Mentoring Services —ADAM) Collected by the IBA from business brokers and M&A firms. Over 37,000 small business transaction sale data.
IBA Market Data for privately held business sales in the U.S.A.
Provides a large number of comparables for many SIC/NAICS codes plus expanded data.
Ibbotson® SBBI® Valuation YearbookEquities market trades/transactions. Risk-free rate, equity risk premia, small company risk
premia, and industry-specific risk premia.A “must-have” database, providing the risk rates used in calculating discount and capitalization rates for all income approaches.
IRS Corporate RatiosBased on IRS tax returns, 10 years of data. Ratios and common size statements broken down by 13
sales size categories.A complete, comprehensive, and easy-to-use source of data for financial statement benchmarks.
Mergerstat Review Premiums and DiscountsOngoing (5 years) SEC filing data from business sales. Based upon transactions discounts based on control
premiums. Provides quantitative support for discount/ premium selection.
Quantifiable data source to base or justify a minority interest discount or control premium on.
Mergerstat Review Price to Earnings RatiosOngoing (5 years) SEC filing data from business sales. Provides price/earnings ratios. Publicly traded benchmark ratios provide a basis for
privately held performance and value.
Medical Group Management Association—Cost SurveyMGMA Survey. Comprehensive benchmark data on 600+ financial/
operational aspects of a medical practice. Special feature: Practice performance benchmark tool.
The benchmark data is like having a supercharged RMA database just for physicians. The database contains a practice performance benchmark tool, which generates a financial statement, staffing, A/R, and ratio analysis in under 60 minutes.
Medical Group Management Association—Physicians Compensation and Production SurveyMGMA Survey. Comprehensive data on physician compensation and
production (RVUs), includes 90+ specialties and data by state.
A “must-have” resource for adjusting/normalizing physician compensation in a medical practice valuation.
Pluris DLOM Database™
Private placement data from PrivateRaise and restricted stock transaction and warrant transactions from LiquiStat.
Restricted stock transactions—over 3,000 transactions to date. Updated quarterly, web-based, and searchable.
Offers the best source of data for arriving at discount for lack of marketability, with the widest possible range of industries and company sizes.
Public Company DataBased on Morningstar public company data (five years of annual and quarterly data).
A way to compare the financial performance of your sub-ject company with potentially comparable public companies.
When you use the Public Company Guideline Method, it provides complete public data in standard financial state-ment format and allows you to select appropriate compa-rable companies.
Risk Management Association (RMA) Annual Statement Studies®
Accepted financial institution loan applications. Ratios and common size statements broken down by sales and asset categories for 700 industries.
A complete, comprehensive and easy-to-use source of data for financial statement benchmarks.
Risk Management Association (RMA) Annual Statement Studies® Valuation EditionAccepted financial institution loan applications. Enhanced financial ratios, national and regional data,
percentages and real dollar values, and industry growth rates.
Better benchmarking, more accurate company per-formance ranking, develop defensible, sustainable growth rates.
NACVA Database Summary
The National Association of Certified Valuators and AnalystsPage 14
NACVAiscommittedtomaintainingalevelofsupportforitssoftwareusersthatisunsurpassedforanybusinessvaluationsoftwareproductintheindustry.Consequently,forbothsoftwareandtechnicalsupport,wehaveenlistedtheexpertiseandexperienceofValuSource,whichhasbeendevelopingstate-of-the-artbusinessvaluationapplications,M&Aapplications,valuationandmedicaldatabases,andreportwritersforover20years.Recognizedastheindustryleader,ValuSourceworkscloselywithMicrosoft® todevelopproductsthatareeitherbuiltaround,orarecompatiblewith,MicrosoftExcelandWord.NewpurchasesofNACVA/ValuSourcesoftwareanddatabaseproductscomewiththree months free technical support, from the date of purchase.Databaseproductsareentitledtounlimitedfreesupportanddonotrequireasupportcontractwhen related to installation (if you desire to ask about calculations or manipulation of data, support agreements are required).ExtendedTechnicalSupportrelatingtomattersdirectlyconcerningtheapplication,use,andoperationofNACVA’ssoftwareisavailablefromValuSourcefor$395for12monthsforsingleusersor$595formulti-users.CallValuSourceat(800)825-8763fordetails.Technicalsupportwillbeavailableforbothtechnicalproblemsaswellasvaluationtheoryquestions.Thosewithatechnicalsupportcontractwillreceivea25%discountonBVMProandBusinessValuationReportWriter™upgrades.ValuSourcealsoconductsfreeweeklylivetrainingseminarsonBVMPro,BusinessValuationReportWriter,andEBVforNACVAsoftwareusers.Thesetypicallylastonehour,includetrainingtipsandideasfornewornewerusers,andincludeaquestion-and-answersession.ThetelephoneconferencecallsarehostedviaGoToMeeting™software,whichisavailablefreeonline.Advanceregistrationisrequired,atwhichtimeyoureceivetheconferencecallphonenumberandmeetingidentificationnumber. Formoreinformationandtoregister,contactusviae-mail: [email protected](719)548-4900,Ext.112.
*Discountisbasedontotalannualdatabasepurchaseamount.PricesareeffectiveApril1,2013,andaresubjecttochange.Ibbotson® SBBI® Valuation Yearbook andDuff & Phelps Risk Premium Report PLUS Risk Premium Calculatorpurchasescannotbediscounted,butpurchasesoftheseproductsareaddedtoyourtotalannualdatabasepurchaseamountfordiscountcalculation.Damages AdvocateandQuantitative Marketability Discount Model (QMDM)arenotpartoftheADRDprogram.MGMAdatabasesonlyqualifyfordiscountifyouareanMGMAmember.
NACVA Software Order FormName: Firm Name: NACVA Member #: ________________
Address:
City: State: ZIP:
Telephone: Fax: E-mail:
Payment MethodCheck #: (payable to NACVA) or
VISA MasterCard AMEX
Discover Diners Club
Card Number
Expiration Date
Credit Card Billing Address
( Same as above address)
X Signature† † By signing this form, you are authorizing NACVA to charge your account for the amount indicated above. In addition, your signature will authorize NACVA to confirm the above information via e-mail and/or fax, if necessary, and authorize NACVA to use either medium for future communication. NACVA will not disclose or share this information with third parties to secure confidentiality.
Four Easy Ways to Order
Valuation Tools: BVM Pro (Specify Office version: _________________) (Single: $1,095, Multi: $765 for each addl. user in same office) .........................$ Business Valuation Report Writer (BVRW) (Specify Office version:______) (Single: $595, Multi: additional $415 for each add. user in same office) ...........$ Express Business Valuation (EBV) (Specify Office version:_____________) (Single: $695, Multi: $485 for each addl. user in same office) ...........................$ BVM Pro/BVRW/EBV: $ 10% discount off purchase if NACVA member: .................................................$ < > NACVA credit voucher, gift certificate, or Pacesetter Points ..............................$ < >
For Pacesetter Points® info, please visit www.nacva.com/pacesetter.asp
Tools Kit, Data Bundle & Power Packs: (See page 6 for pricing and details) Comprehensive Tools Kit (Specify Office version: ______________) ............$ Ultimate Data Bundle ............................................................................................$ BVM Pro Power Pack (Specify Office version: _____________) ....................$ EBV Power Pack (Specify Office version: _____________) .............................$
Individual Databases: (Specify database name, see pages 7-12 for pricing)
$
$
$
$
$
ToTAl: ........................................................................................................................$ SHIPPING AND HANDlING*: .............................................................................$ GRAND ToTAl: ......................................................................................................$
* $10 for regular ground, $20 for two-day express, $30 for overnight delivery in Continental U.S. Must provide physical address for delivery (no P.O. boxes). (Please call NACVA for other shipping costs.) Note: Prices subject to change.
Phone:(800) 677-2009(801) 486-0600
Fax:(801) 486-7500
Mail: NACVA5217 South State Street, Suite 400Salt Lake City, UT 84107-4812
