FOR IMMEDIATE RELEASE:




Princeton, NJ  December 10, 2004

Synergistic Global Consulting Services Made Available Through Strategic Alliance.

ITAP International and Passer & Crown Inc. form strategic alliance.

ITAP International, headquartered in Princeton, NJ, provides focused, high quality,
innovative and business driven international Human Resources and Organizational
Development solutions for businesses and non-profit organizations operating across
borders. ITAP delivers a comprehensive range of tools (questionnaires, applications,
processes) and services that build management capability of individuals, teams and
organizations working and competing internationally. These are available through
their offices in Europe, Asia and the Americas, and through the ITAP Alliance of
Associates worldwide.

Passer & Crown Inc. is an international investment banking and consulting firm
based in Princeton, New Jersey. Ongoing services are provided to the middle market
and high-quality confidential support on a project basis to companies of all sizes,
industries and geographic locations. Services offered include: (a) international trade
& investment, (b) investment banking, (c) support to troubled companies, and (d)
special situations.

John Bing, Chairman of ITAP International, indicated “with this alliance ITAP is able to
offer to our international customers solutions to problems that are adjacent to our
own activities. The services within the Strategic Alliance are synergistic. The
confidential services of Passer & Crown in special situations may prove especially
valuable.”

Keld R. Hansen, President of Passer & Crown Inc., added “regardless of whether we
assist a company with expansion into the international arena or in the resolution of
acute problems abroad, the future association with ITAP will be very important for
better client services by Passer & Crown. Enhanced cross-cultural understanding and
related international human resources services as provided by ITAP will definitely
increase organizational effectiveness and reduce recurrence of acute problems”

For further Information contact:

Catherine Mercer Bing, ITAP International
268 Wall Street, Princeton, NJ  08540
Phone: 609 921 1446
Website:  http://www.itapintl.com/ E-mail: cass@itapintl.com


Keld Hansen, President, Passer & Crown Inc.
531 Lake Drive, Princeton, NJ 08540
609 252 0131
Website:  http://www.passercrown.com/ Email:  khansen@passercrown.com
Press Release                                                     Passer & Crown, Inc