Asia/Pacific    

China:	Rayken Brand Communication
Hong Kong:	PMP Advertising
Indonesia:	MACS909
Japan:	ADEX Nihon Keizai Advertising
Malaysia:	Krakatua
New Zealand:	Sugar Advertising
Philippines:	Adformatix Inc.
Taiwan:	United Communications Group
Thailand:	Creative Inhouse Ltd.

EMEA                                                          

Austria:	Rock+Partner
Belgium:	Fast Communication Group
Bulgaria:	MAG Communications
Czech Republic:	Magic Seven
Denmark:	Just/Kidde
Finland:	Incognito Oy
France:	Dassas Group
	Netco Group
Hungary:	Victoria CyberCom
Ireland:	Rapport Marketing Communications
Italy:	Opinion Leader
Netherlands:	WPC - ICOM
Portugal:	Uzina
Romania:	Spotlight
Spain:	Veinte Segundos
Sweden:	Morkman Reklambyra
Turkey:	Fikir Merkezi
Ukraine:	Dialla Communications

Latin America                                                        

Argentina:	Diálogo Publicidad
Brazil:	Rino Publicidade
Chile:	WZ Publicidad
Colombia:	Aguayo Publicidad
Dominican Republic:	Staff Icom
El Salvador:	Publinter
Peru:	Publicidad Causa
Venezuela:	Publiteca

North America         

Alexandria, Va.	Williams Whittle
Atlanta:	The Morrison Agency
Birmingham:	Lewis Communications
Buffalo:	SKM Group
Dallas:	Square One
Denver:	McClain Finlon
Horsham, Pa.:	Diccicco Battista Communications
Miami:	The ViVA Partnership
Minneapolis:	Colle + McVoy
Overland Park, Kan.	Weyforth-Haas Marketing
Portland, Ore.	Turtledove Clemens
Santa Monica, Calif.:	The Phelps Group
San Juan:	Arteaga & Arteaga/ICOM

Note: CLICK HERE for the full press release on independent agencies’ reaction to possible recession in the U.S. and financial turmoil.