FOR IMMEDIATE RELEASE

Matthew Hutton Promoted To Associate at LMC Capital LLC

Charlotte, North Carolina (October 24, 2005) - LMC Capital LLC, a Charlotte-based investment banking firm focused solely on the insurance industry, today announced the promotion of Matthew D. Hutton to Associate.   He is responsible for analyzing and interpreting financial data, building financial models and performing valuation analyses. Mr. Hutton is also involved in all firm research covering industry trends and market conditions.  

"Matt has been a key part of our success. He has earned this promotion through dedication, hard work and an unwavering commitment to our mission statement," said Walter B. Sherman, managing director.

Laughton Sherman, managing director, further noted, "Matt's willingness to embrace the uniqueness of the insurance industry, its statutory accounting requirements, and its sheer size with many different players, has enabled our firm to achieve success for our clients."

Mr. Hutton joined the company in 2004 as an Analyst after graduation from Queens University where he earned a Bachelor of Science degree in Business Administration with a concentration in Pre-Law.

LMC Capital LLC is a national investment banking firm focused exclusively on the insurance industry. Services include industry-specific advisory relating to mergers and acquisitions, capital raises and valuations.

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