MARTIN AGENCY SHUTS DOWN SAN FRANCISCO OFFICE

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(Aug. 13, 2001) -- Succumbing to the prevailing economic climate, the Martin Agency announced today it was closing its San Francisco office effective immediately and laying off five of the 11 employees.

The Richmond, Va.-based agency, owned by Interpublic Group of Cos., will retain its home office and another in New York.

"We assembled a great group of people in San Francisco at the worst possible time," said Dean Jarrett, Martin's senior vic e president of marketing/communications. "We hate it. But there wasn't even anything on the horizon. It's a dry market."

The Martin Agency has retained a firm to help the terminated employees. The other six were offered positions in either Richmond or New York. -- Rich Thomaselli

Copyright August 2001, Crain Communications Inc.

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