Margaret Purcell, Executive Director, National Tax Exempt Organization Group, Ernst & Young LLP to Speak at KC’s Event on Bond Insurance on 7/1/2008

New York, NY, June 23, 2008 --(PR.com)-- The Knowledge Congress, the leading producer of regulatory focused teleconferences and webinars has announced today that Margaret Purcell, Executive Director, National Tax Exempt Organization Group of Ernst & Young LLP will speak at the Knowledge Congress’ upcoming teleconference and webinar entitled: “Bond Insurance in a Changing Market and Regulatory Environment: What to Expect?”. The event is scheduled on July 1, 2008, Tuesday, at 1:00 PM - 3:00 PM EDT. (For further details and an updated list of panelists, please visit:
http://www.knowledgecongress.org/event_2008_BondInsurance.html)

Bond insurance companies are being monitored by a number of investment firms to make sure they can sustain any loss brought about by collateralized debt obligations with high-risk mortgage-backed securities. Issuers and borrowers should examine bond transactions that are tax-exempt as a precautionary measure in case a downgrade occurs. It is also important in examining agreements entered into by issuers and in case there is a need in changing credit and liquidity support bonds secured by a letter of credit. Non-profit organizations that are classified as bond issuers or conduit borrowers should take note of this issue so that preventive measures may be taken if necessary.

The Knowledge Congress is assembling a panel of experts to discuss the important aspects of this issue. The panel will present their findings, which include “Best Practices” in a two-hour teleconference and webinar.

About Margaret Purcell

Margaret is an Executive Director of Exempt Organization Tax Services Practice based in Jacksonville, Florida. As the national leader for Ernst & Young of the Private Activity Compliance Services practice, Margaret is responsible for reviews of the reports generated by a team of professionals nationwide. She has more than 30 years experience in tax-exempt finance and the health science industries and has additionally provided services to health care organizations, academic medical centers, states, cities, counties, universities, school districts, transportation and utility authorities as well as housing authority issuers of debt.

Education and Affiliations: Bachelor of Arts, American University; Member of the National Association of Bond Lawyers; Member of the Florida Government Finance Association.

About Ernst & Young LLP

Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, its 130,000 people are united by shared values and an unwavering commitment to quality. They make a difference by helping people, clients and wider communities achieve potential.

For more information about Margaret Purcell and Ernst & Young LLP, please visit: www.ey.com

About The Knowledge Congress

The Knowledge Congress is an organization that produces teleconferences and webinars that examine regulatory changes across a variety of industries. “We bring together the world's leading authorities and industry participants through informative two-hour teleconferences and webinars to study the impact of changing regulations.” To contact or to register for an event, please visit: www.knowledgecongress.org.

###