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Hoeven Welcomes CBF Group, Inc. to North Dakota
Posted on October 16, 2001

FARGO, ND -- Gov. Hoeven today welcomed CBF Group, Inc. (CBF), the state's most recent new company to Fargo. CBF will provide law, consulting and accounting firms with administrative and secretarial assistance on a 24-hour basis.

"It is an honor to participate in the announcement of CBF Group as the newest primary sector business to open its doors in North Dakota," Gov. Hoeven said. "We are also pleased to welcome founder Peter Pantaleo back to the state."

Pantaleo is a 1976 University of North Dakota School of Law graduate. He is the managing partner in Verner Liipfert, Bernhard, McPherson & Hand, an international law firm with headquarters in Washington, D.C. Pantaleo has named Fargo native Renay Rutter as president and chief operating officer of CBF.

�North Dakota provided me with an exceptional legal education. Bringing jobs and investment to the state will be a very rewarding experience for me," Pantaleo said.

The company will initially employ approximately 40 employees; however, if the company�s projections are met, that number could increase to 400 by the fourth quarter of 2002.

CBF�s mission is to provide lawyers with extraordinary support during the �nonworking hours� of the year. �We provide the staffing for the 75 percent of the week that lawyers need to do work, but can�t predict when it will be required or where they will be when they need to do it,� Pantaleo said.

"We couldn't be more pleased to locate a company like CBF in North Dakota," Peterson said. "Anytime we can welcome one of our own back to the state, and provide them with the world-class work force we have, it is a win-win situation for everyone involved."

Rutter and Fargo Cass County economic development specialists are now working on a location for CBF. "We are definitely on the fast track with this project," said Fargo Mayor Bruce Furness. "CBF anticipates an initial rollout with two law firms in December, and hopes to go �live� in January."


Contact: Kathy Ibach or Don Canton, (701) 328-2200

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