LMC Capital Names Pamela Carico Senior Vice President

Charlotte, North Carolina, February 6, 2007 – Pamela B. Carico has joined LMC Capital LLC as a Senior Vice President. Previously, Ms. Carico was the Director of Risk Management for Springs Industries, Inc. and subsequently Springs Global US, Inc. where she managed the insurance program for as many as 15,000 employees and a multi-billion dollar property program.

Ms. Carico has over 20 years of experience in corporate finance. She spent her entire career at Springs where she has also served as Treasury Manager overseeing all short-term borrowings, letters of credit, and interest rate and foreign currency exposures.  Earlier in her career, she was responsible for various aspects of the preparation and review of both internal and external financial statements for Springs Industries, Inc., which was ranked in the Fortune 500 at the time.

Her financial expertise includes acquisition due diligence, valuation analysis, divestiture analysis, treasury management, financial modeling, financial reporting, and corporate risk management.  She also holds a Bachelor of Science degree in Accounting from Radford University and is a Certified Public Accountant.

According to F. Laughton Sherman, Managing Director of LMC Capital LLC, “We are honored and delighted to have a person with Ms. Carico’s enviable credentials accept a senior position with our firm.  Pam’s corporate finance skills will be an invaluable asset to our clients on the domestic and international insurance fronts.  Furthermore, her experience in the property and casualty sector will prove immediately beneficial as we see M&A activity accelerating in a softening rate environment and at a time when insurers seek to deploy excess capital.”

LMC Managing Director, Walter Sherman also added, “Pam is a highly respected and accomplished professional with a strong track record of success.  Her experience and skills will increase our depth and further strengthen us as a firm.  With Pam as a key member of the LMC management team going forward, I take great comfort in knowing that our clients will be the real winners.”