New York, NY – June 18, 2010 –Concept Capital, a leading institutional broker and total solutions provider for global investment managers, is pleased to announce that James Greenberg has joined the firm

In his new position, James will be leveraging the Concept Capital platform to provide institutional and corporate clients the exceptional services presently provided. James will be focusing on advising corporate clients on a variety of transaction, offering our institution research product, and introducing hedge funds to our prime services offerings and Concept One technology. “This hire reaffirms Concept Capital’s strong commitment to continue developing a world class brokerage firm that caters to a variety of institutional clients” said Bob Moore, Senior Managing Director of Concept Capital. “ We are excited to bring James aboard and look forward to engaging with our client base”.

James brings 15 years of experience and has spent most of his career in investment banking and hedge fund businesses. James will be joining Concept after one year as the Founder and Managing Member of Sandton Partners LLC and five years as a Managing Director in the Investment Bank of J.P. Morgan Chase. He was also the Chief Strategy Officer at Och Ziff Capital Management. James received a BA & MBA from Washington University in St. Louis, MO.

“Concept Capital has made tremendous strides over the past five years expanding the prime brokerage services, risk analytics, and capital markets business and I hope to be able to assist in continuing the business development.” Greenberg added, “I am proud to be joining a growing firm with a strong management team.”

About Concept Capital:(www.conceptcapital.com)

Founded in 1995, Concept Capital is a leading institutional broker and total solutions provider for global investment managers. Concept Capital provides a full suite of prime brokerage services, proprietary research, fund administration, real-time risk management, and portfolio analytics. Concept Capital also provides an experienced hands-on institutional trading desk for traditional buy-side customers, hedge funds, and registered investment advisors. Concept Capital specializes in providing clients with experienced, in-depth market knowledge combined with advanced proprietary systems, enabling clients to quickly launch their businesses in the most cost effective manner possible. Concept Capital is headquartered in New York City and has offices in Greenwich, Conn., Garden City, NY, Washington DC, Los Angeles, Houston, Chicago and Boca Raton, Fla. Concept Capital is a division of SMH Capital, Inc., member FINRA, SIPC. Concept Capital is forming an independent broker-dealer and, once approved, will operate as an independent company, of which Sanders Morris Harris Group Inc. will be a minority shareholder.

New York, NY – June 2, 2010 – Concept Capital, a leading institutional broker and total solutions provider for global investment managers, is pleased to announce that Max and Michael Levine have joined the firm as co-heads of its newly formed Directed Brokerage Group.

In their new positions, Max and Michael Levine will lead the development of the Directed Brokerage Group and further Concept Capital’s relationships with its institutional clients. Building on Concept Capital’s already robust service offering, the Directed Brokerage Group will increase the firm’s product offering to its institutional client base.

“These latest hires reaffirm Concept Capital’s strong commitment to developing a world class product for our institutional customers, supported by value added services,” said Mike Rosen, Senior Managing Director of Concept Capital. “We are excited to bring Max and Michael aboard and look forward to engaging our existing client base as we build our firm for the future.”

Max and Michael Levine bring a combined 60 years of experience and a thorough understanding of the directed brokerage business. They will be joining Concept Capital after seven years with the Investment Technology Group (ITG). Prior to ITG, the Levines had worked at Hoenig and Company, which was acquired by ITG in 2002. Also joining the group is Liam Daul, who has been a position trader for the past five years.

Concept Capital has made tremendous strides over the past year in strategically expanding the firm’s institutional research, sales and trading business, while providing its clients with industry leading advanced trading solutions. “Concept Capital has made a name for itself in the institutional community by providing clients with superior research and trading,” added Max Levine. “Michael and I are proud to be joining such a dynamic firm led by a great management team and we look forward to spearheading this endeavor with the highest level of integrity, product and service.”

About Concept Capital:(www.conceptcapital.com)

Founded in 1995, Concept Capital is a leading institutional broker and total solutions provider for global investment managers. Concept Capital provides a full suite of prime brokerage services, proprietary research, fund administration, real-time risk management, and portfolio analytics. Concept Capital also provides an experienced hands-on institutional trading desk for traditional buy-side customers, hedge funds, and registered investment advisors. Concept Capital specializes in providing clients with experienced, in-depth market knowledge combined with advanced proprietary systems, enabling clients to quickly launch their businesses in the most cost effective manner possible. Concept Capital is headquartered in New York City and has offices in Greenwich, Conn., Garden City, NY, Washington DC, Los Angeles, Houston, Chicago and Boca Raton, Fla. Concept Capital is a division of SMH Capital, Inc., member FINRA, SIPC. Concept Capital is forming an independent broker-dealer and, once approved, will operate as an independent company, of which Sanders Morris Harris Group Inc. will be a minority shareholder.

For additional information contact:
Beth Leri
Spring, O'Brien, for Concept Capital
bethl@spring-obrien.com
(212) 402-1676

New York, NY – January 6, 2010 – Concept Capital, a leading institutional broker and total solutions provider for global investment managers, today announced that it has entered into an exclusive agreement with Prevision Policy, LLC for in-depth regulatory and policy analysis of the US Food & Drug Administration (FDA) for the biopharmaceutical sector.

Under terms of the agreement, Prevision Policy will provide regulatory analysis and research exclusively for Concept Capital in the financial services industry through the firm’s Washington Research Group. Concept Capital’s Washington Research Group has more than 30 years of experience providing investment insights to Wall Street in healthcare and more than a dozen other sectors.

Through this partnership, Prevision will offer Concept’s clients analysis on the overall regulatory environment at the FDA, research on the most salient legislative issues impacting the drug industry and the agency, as well as insight on individual therapies and therapeutic classes that must go through FDA’s thorough regulatory machinations.

“We believe our long-time coverage, institutional knowledge and unique perspective of how FDA makes regulatory and policy decisions complements Concept Capital’s recognized analytical strength in the health care sector,” Cole Werble, a founding member of Prevision Policy, said. “Concept has demonstrated a keen understanding of the importance of Washington to the business world and its investors through its Washington Research Group. This agreement allows us to work closely with the Washington team and broaden the scope of Concept’s research portfolio.”

“Rick Weissenstein, Managing Director, and Head of Healthcare Analysis at Concept Capital adds “Cole Werble, Mike McCaughan, and Ramsey Baghdadi are the best in the business at covering the FDA and the pharmaceutical and biotech industries. They have a great working knowledge of the FDA and the entire industry along with an encyclopedic knowledge of drugs that have been presented to the FDA. This knowledge will be extremely helpful to our institutional client base when it comes to overall policies and the eventual outcome of individual drugs.” Terms of the agreement were not disclosed.

About Prevision Policy LLC:

Prevision Policy provides health care policy analysis for business executives and investors. The firm brings unique experience to tracking, assessing and explaining regulatory and reimbursement policy that affect the biopharmaceutical industry. The company’s goal is to advance mutual understanding among policymakers, business executives and the investment community, in the belief that a deeper understanding of policy leads to better business, and a deeper understanding of business leads to better policy.

Prevision Policy’s founding members include Cole Werble, Michael McCaughan and Ramsey Baghdadi, the editorial team behind The RPM Report, an Elsevier Business Intelligence publication providing in-depth analysis of regulatory and reimbursement policy and their implications for market access in the pharmaceutical sector (http://TheRPMreport.com).

Werble is the former owner and editorial director of FDC Reports, Inc., the publisher of “The Pink Sheet,” “The Gray Sheet,” and other leading news publications for the health care industry. He has more than 35 years of experience analyzing business critical developments affecting the biopharma sector and developing world class information products for the sector. He was most recently Senior Editorial Director for Elsevier Business Intelligence’s biopharma group.

McCaughan has recently been editor-in-chief of EBI’s biopharma editorial group. McCaughan has 20 years of experience providing analysis and insight for EBI’s products, including The Pink Sheet, The Pink Sheet DAILY and The RPM Report. He speaks frequently on regulatory and policy developments affecting the industry.

Baghdadi covered regulation, reimbursement, and legislative policy for over a decade, most recently as Editor-In-Chief of The RPM Report and a contributing editor to “The Pink Sheet.” He previously served as Managing Editor for the OTC drug and dietary supplement industry publication, “The Tan Sheet.” Prior to his work in the drug sector, he covered the medical device industry as financial editor of “The Gray Sheet.”

About Concept Capital:(www.conceptcapital.com)

Founded in 1995, Concept Capital is a leading institutional broker and total solutions provider for global investment managers. Concept Capital provides a full suite of prime brokerage services, proprietary research, fund administration, real-time risk management, and portfolio analytics. Concept Capital also provides an experienced hands-on institutional trading desk for traditional buy-side customers, hedge funds, and registered investment advisors. Concept Capital specializes in providing clients with experienced, in-depth market knowledge combined with advanced proprietary systems, enabling clients to quickly launch their businesses in the most cost effective manner possible. Concept Capital is headquartered in New York City and has offices in Greenwich, Conn., Garden City, NY, Washington DC, Los Angeles, Houston, Chicago and Boca Raton, Fla. Concept Capital is a division of SMH Capital, Inc., member FINRA, SIPC. Concept Capital is forming an independent broker-dealer and, once approved, will operate as an independent company, of which Sanders Morris Harris Group Inc. will be a minority shareholder.

CARY, NC (Nov. 30, 2009) – Risk management remains a hot topic for all financial services firms. Introduction of more stringent requirements, especially in the investment management industry, calls for hedge funds to access more powerful analytics to effectively measure portfolio risk, typically a difficult task with significant fixed costs. To meet this market need, Concept Capital, an institutional broker and total solutions provider to the investment management industry, has partnered with SAS, the leader in business analytics software and services. As a result of the collaboration, Concept Capital will offer a full suite of analytics that will provide integrated, multicustodial risk and performance reporting to investment managers, family offices and investors by providing simple yet powerful portfolio analytics and risk intelligence. With SAS risk management software, Concept Capital will significantly expand the capabilities of its flagship product, CONCEPTONE™, to bring a unique product to the marketplace.

“We believe there is a huge opportunity to bring an integrated solution to the market that will combine portfolio analytics and advanced risk management capabilities to the investment management and hedge fund space,” said Michael Rosen, Managing Director at Concept Capital. “This solution will give investors increased confidence in receiving risk reports that will be produced by an independent third party using industry-leading software from SAS.”

Added Dan Connell, Project Manager at Concept Capital, who will be driving the initiative, “With the heightened requirements on risk reporting, security pricing and portfolio transparency that are now pervasive in the industry, it is critical that hedge fund managers have access to the necessary tools. By teaming with SAS, a leader in risk management software, CONCEPTONE will be meeting this demand.”

With SAS, Concept Capital will offer a hosted portfolio analytics and risk management portal to the hedge fund market. The solution includes a client Web portal with access to customized risk reports and interactive analytics that will permit a multitude of views – including value at risk (VaR), factor analysis, customized stress testing, profit and loss (P&L) time-series analysis, performance attribution and measurement, and production of ex-post risk indicators coupled with more traditional portfolio appraisal reports – all on a multicustodial basis.

“With SAS, CONCEPTONE will be able to deliver a high level of auditable risk intelligence to clients that are now a requirement in today’s market,” said David Wallace, Global Financial Services Marketing Manager for SAS. “Hedge fund managers will now be able to move beyond ‘black box’ analytics to have fine-grained control of their risk analysis. Through this partnership with Concept Capital, SAS continues to help reshape the capital markets’ risk practices in achieving a strong and stable recovery.”

SAS risk management software has garnered many accolades this past year. In November, SAS was ranked the top company in Chartis Research’s RiskTech100TM. SAS placed in the Leaders quadrant of the Magic Quadrant for Operational Risk Management Software for Financial Services by Gartner Inc. in September. Also, in July 2009, Chartis ranked SAS as the leader in its Credit Risk Management Systems 2009 report for the third straight year; and for a fifth straight year, SAS was first in Chartis Research’s Operational Risk Management Systems 2009 report in June.

About Concept Capital: (www.conceptcapital.com)

Founded in 1995, Concept Capital is a leading institutional broker and total solutions provider for global investment managers. Concept Capital provides a full suite of prime brokerage services, proprietary research, fund administration, real-time risk management, and portfolio analytics. Concept Capital also provides an experienced hands-on institutional trading desk for traditional buy-side customers, hedge funds, and registered investment advisors. Concept Capital specializes in providing clients with experienced, in-depth market knowledge combined with advanced proprietary systems, enabling clients to quickly launch their businesses in the most cost effective manner possible. Concept Capital is headquartered in New York City and has offices in Greenwich, Conn., Garden City, NY, Washington DC, Los Angeles, Houston, Chicago and Boca Raton, Fla. Concept Capital is a division of SMH Capital, Inc., member FINRA, SIPC. Concept Capital is forming an independent broker-dealer and, once approved, will operate as an independent company, of which Sanders Morris Harris Group Inc. will be a minority shareholder.

About SAS:

SAS is the leader in business analytics software and services, and the largest independent vendor in the business intelligence market. Through innovative solutions delivered within an integrated framework, SAS helps customers at more than 45,000 sites improve performance and deliver value by making better decisions faster. Since 1976 SAS has been giving customers around the world THE POWER TO KNOW®. SAS and all other SAS Institute Inc. product or service names are registered trademarks or trademarks of SAS Institute Inc. in the USA and other countries. ® indicates USA registration. Other brand and product names are trademarks of their respective companies. Copyright © 2009 SAS Institute Inc. All rights reserved.

NEW YORK--(BUSINESS WIRE)--Concept Capital, a leading institutional broker and total solutions provider for global investment managers, today announced prime brokerage veteran Rob Davis has joined Concept Capital as Managing Director and Head of Hedge Fund Service Sales for ConceptONE, the firm’s complete, outsourced Multi-Prime Service Platform for hedge fund managers.

In his new position, Mr. Davis will be responsible for sales and client services of Concept Capital’s Multi-Prime Service Platform ConceptONE. This strategic hire follows several key appointments the firm has made to increase its client service and product offerings. The firm plans to further expand its sales staff later this year.

“We are pleased to welcome someone with the depth of experience and richness of relationships that Rob brings to our team,” said Michael Rosen, Managing Director at Concept Capital. “Each firm where Rob has been a team member has clearly benefited from his level of client-centered dedication and industry expertise. We’re proud of our organization’s ability to attract an individual like Rob whose dedication has extended to leveraging his strong professional relationships to create a positive impact on the lives of so many people outside of the industry as well.“

Added Mr. Davis, “The Concept Capital management team has shown a significant commitment to building a premiere product offering by bringing together all the components that hedge fund managers require to successfully run their businesses on one platform, offering a true turn key solution. As we are witnessing a transformation in the hedge fund industry that will require a solution-based approach, I look forward to supporting this offering with the highest level of integrity, product and service.”

Prior to joining Concept, Mr. Davis was Managing Director, in charge of Sales and Marketing at Merlin Securities. Previously, Mr. Davis was Chief Operating officer at SDS Capital Group, a Greenwich, Conn.-based hedge fund. Earlier, Mr. Davis was Managing Director and National Sales Manager at both Banc of America Prime Brokerage and Montgomery Securities Prime Brokerage Services.

Mr. Davis also is well known in the industry for his dedication to charitable endeavors. In 1998, Mr. Davis established Hedge Funds Care, a leading non-profit organization dedicated to preventing and treating child abuse.

About Concept Capital: (www.conceptcapital.com)

Founded in 1995, Concept Capital is a leading institutional broker and total solutions provider for global investment managers. Concept Capital provides a full suite of prime brokerage services, proprietary research, fund administration, real-time risk management, and portfolio analytics. Concept Capital also provides an experienced hands-on institutional trading desk for traditional buy-side customers, hedge funds, and registered investment advisors. Concept Capital specializes in providing clients with experienced, in-depth market knowledge combined with advanced proprietary systems, enabling clients to quickly launch their businesses in the most cost effective manner possible. Concept Capital is headquartered in New York City and has offices in Greenwich, Conn., Garden City, NY, Washington DC, Los Angeles, Houston, Chicago and Boca Raton, Fla. Concept Capital is a division of SMH Capital, Inc., member FINRA, SIPC. Concept Capital is forming an independent broker-dealer and, once approved, will operate as an independent company, of which Sanders Morris Harris Group Inc. will be a minority shareholder.

About ConceptONE:

ConceptONE is a complete, outsourced Multi-Prime Service Platform for hedge fund managers, providing the total technology and service requirements sought by hedge fund managers. ConceptONE enable managers to properly mitigate both counterparty and operational risk by maintaining a real-time, aggregated view of risk and P&L across multiple custodial accounts and facilitates full transparency by enabling reporting in real-time. ConceptONE provides hedge fund clients with state-of-the-art middle- and back-office infrastructure within a fully integrated portfolio, execution and order management system supporting global multi-asset, multi-currency investment strategies. The platform also provides hedge fund managers with the ability to prime and trade with any broker they choose as well as access to a full range of fund administration services, including independent portfolio verification and.

Washington, DC – March 23, 2009- The Washington Research Group (WRG) and Concept Capital announced today the addition of Rear Admiral Stephen H. Baker (USN, Ret.) as Senior National Security and Defense Analyst. Admiral Baker is the brother of former Washington Research Group principal General David “Bull” Baker, who passed away on January 30, 2009.

Admiral Baker will focus on the defense budget and national security issues. He will also be working closely with Senior Vice President and Director of International Research Joanne Thornton on geopolitical and international trade issues as well as with Managing Director and head of WRG Ed Garlich on global oil issues. WRG, founded 35-years ago, is a 15-member policy analyst team providing institutional investors with insights about the impact of Washington policy on their investment decisions. The team aims to be the professional investor's "one stop shop" for all things Washington.

Rear Admiral Baker served 30 years as a naval officer. Admiral Baker’s last military assignment was as the Commander, Operational Test and Evaluation Force for the Navy – for which he was awarded the military’s highest peacetime award - the Distinguished Service Medal by President Clinton.

As the Navy’s chief independent operational tester, he served as a direct reporting and primary advisor to the Chief of Naval Operations and the Assistant Secretary of the Navy for Research Development and Acquisition. His experience includes operational testing of the following programs: Seawolf Submarine, New Attack Submarine, F-18E/F Super Hornet, V-22 Osprey, Joint Strike Fighter, CVX, LPD-17, DDG-51, Aegis Combat Systems, Cooperative Engagement Capability, Navy Theatre Ballistic Missile Defense, Tomahawk Cruise Missile Developments, Strategic Sealift, Global Command and Control System, Integrated Defense Electronic Countermeasures, JDAM, JSOW, AIM-9X, and F-14 TOMCAT upgrades.

The Admiral’s military decorations include the Legion of Merit with one Gold Star, Bronze Star, Meritorious Service Medal with two Gold Stars, Navy Commendation medal, Navy Achievement Medal, Joint Meritorious Unit Award with one Oak Leaf, Navy Unit Commendation with two Bronze Stars, Meritorious Unit Commendation, and Navy Expeditionary Medal with one Bronze Star.

In additional to his military experience, Admiral Baker has been an independent senior executive consultant for the aerospace industry, primarily involved in the ongoing geo-political/military events of today. Additionally he has been a senior fellow at the Center for Defense Information - a non-partisan, non-profit think-tank organization committed to independent research on the social, economic, environmental, political and military components of global security. Admiral Baker’s educational background includes a Masters in Public Administration from George Washington University, and a Bachelor’s degree in Business Administration from Hofstra University. He is a 1985 graduate from the Industrial College of the Armed Forces, majoring in Computer Systems at Ft. McNair, Washington, DC.

Admiral Baker has served in various leadership positions throughout his naval, including:

• Chief of Staff, 5th Fleet, Manama, Bahrain - responsible for all Naval Forces in the Southwest Asia Theater involving over 45 ships, and 20,000 personnel.
• Commander Carrier Air Wing Seven (CAG) embarked on USS George Washington - the largest Carrier Airwing in the Navy consisting of ten squadrons, 70 aircraft, and over 3,500 personnel.
• Throughout Operation Desert Storm., he served as the Chief of Staff for Operations and Plans for the Theodore Roosevelt Carrier Strike Group, responsible for all battle group submarines, surface ships and aircraft in combat.
• Commanding Officer Attack Squadron Forty-Two, the largest shore-based aviation squadron in the Navy - consisting of 1,500 personnel and 25 aircraft involved with the training of new aviators in jet aircraft.
• Commanding Officer of Attack Squadron Sixty-Five, the largest tactical aircraft carrier squadron in the Navy - consisting of 1,000 personnel and16 aircraft deployed.
• The Admiral’s military decorations include the, Legion of Merit with one Gold Star, Bronze Star, Meritorious Service Medal with two Gold Stars, Navy Commendation medal, Navy Achievement Medal, Joint Meritorious Unit Award with one Oak Leaf, Navy Unit Commendation with two Bronze Stars, Meritorious Unit Commendation, Navy Expeditionary Medal with one Bronze Star and various campaign and unit ribbons.

About Concept Capital: (www.conceptcapital.com)
Founded in 1995, Concept Capital is a leading institutional broker and total solutions provider for global investment managers. Concept Capital provides a full suite of prime brokerage services, proprietary research, fund administration, real-time risk management, and portfolio analytics. Concept Capital also provides an experienced hands-on institutional trading desk for traditional buy-side customers, hedge funds, and registered investment advisors. Concept Capital specializes in providing clients with experienced, in-depth market knowledge combined with advanced proprietary systems, enabling clients to quickly launch their businesses in the most cost effective manner possible. Concept Capital is headquartered in New York City and has offices in Greenwich, Conn., Garden City, NY, Washington DC, Los Angeles, Houston, Chicago and Boca Raton, FL. Concept Capital is currently a division of SMH Capital, Inc., member FINRA, SIPC. Concept Capital is forming an independent broker-dealer and, once approved, will operate as an independent company, of which Sanders Morris Harris Group Inc. will be a minority shareholder.

New Hires add analysts, sales and trading personnel to significantly expand Concept Capital’s institutional sales and trading business

New York, NY – March 16, 2009 – Concept Capital, a leading institutional broker and total solutions provider for global investment managers, today announced that the firm has hired the principals of the Washington Research Group (WRG) and its affiliated institutional sales and trading team.

The team hire adds policy analysts, sector analysts, traders, salesmen and sales trading staff to Concept Capital’s institutional sales and trading business. The expansion enables the firm to greatly enrich its proprietary research offering and broaden its institutional sales and trading effort. The Principals of Concept Capital have more than 100 years of experience in research, sales and trading, and have made building out a traditional brokerage model, which provides clients with true value added research and high quality customer service, a key strategic initiative for the firm in 2009.

Washington Research Group (WRG), founded 35-years ago, is a 15-member policy analyst team providing institutional investors with insights about the impact of Washington policy on their investment decisions. The team aims to be the professional investor's "one stop shop" for all things Washington, and its clients include the largest mutual funds and hedge funds in the country. The team covers a broad range of sectors, including health care, financial services, defense, national security, international trade, media/telecommunications, agribusiness, biofuels, tobacco, and corporate tax. The team has consistently ranked in the top three groups for Macro/Washington research in the Institutional Investor magazine's All-American Research Team poll.

"The Concept Capital model appealed to us at WRG since it affords us a platform from which to continue providing proprietary research from Washington which will be value added to our institutional clients," said Ed Garlich, Managing Director of WRG. "We look forward to partnering with Concept Capital to provide the highest caliber of a broad range of institutional services to our clients."

Also joining the team as Head of Equities is Rich Parker. Mr. Parker has been with the team for several years serving in the role of Head of Sales and Trading. “Concept Capital has shown a huge commitment to this platform by bringing aboard the sales and trading team to support it. This is a premiere institutional research and sales product, and providing that backed by the staff that understands how our clients use it is vital,” said Mr. Parker.

The additional staff members will join Concept’s institutional sales, trading and research team, in several of their offices including New York, N.Y.; Greenwich, Conn.; Garden City, N.Y.; and Boca Raton, Fla. Additional expansion for both equities and fixed income are planned for later this year.

“Concept Capital has made growing its institutional sales and trading business a top priority in 2009 as we see tremendous opportunity to grow our business and fill the institutional service gap created by the collapse in a number of the bulge bracket firms,” said Robert E. Moore, Managing Director at Concept Capital. “We are delighted to have the opportunity to bring on this well-established and well-respected institutional trading and research team.”

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About Concept Capital: (www.conceptcapital.com)
Founded in 1995, Concept Capital is a leading institutional broker and total solutions provider for global investment managers. Concept Capital provides a full suite of prime brokerage services, proprietary research, fund administration, real-time risk management, and portfolio analytics. Concept Capital also provides an experienced hands-on institutional trading desk for traditional buy-side customers, hedge funds, and registered investment advisors. Concept Capital specializes in providing clients with experienced, in-depth market knowledge combined with advanced proprietary systems, enabling clients to quickly launch their businesses in the most cost effective manner possible. Concept Capital is headquartered in New York City and has offices in Greenwich, Conn., Garden City, NY, Washington DC, Los Angeles, Houston, Chicago and Boca Raton, FL. Concept Capital is currently a division of SMH Capital, Inc., member FINRA, SIPC. Concept Capital is forming an independent broker-dealer and, once approved, will operate as an independent company, of which Sanders Morris Harris Group Inc. will be a minority shareholder.

For additional information contact:

Beth Leri,
Spring, O’Brien, for Concept Capital
bethl@spring-obrien.com
(212) 620-7100 ext. 208

New York, NY – March 2, 2009 – Concept Capital, a leading institutional broker and total solutions provider for global investment managers, today announced the launch of CONCEPTONE, a complete, outsourced Multi-Prime Service Platform for hedge fund managers. CONCEPTONE is being launched in partnership with several industry leading technology providers.

CONCEPTONE provides the total technology and service requirements sought by hedge fund managers. CONCEPTONE enable managers to properly mitigate both counterparty and operational risk by maintaining a real-time, aggregated view of risk and P&L across multiple custodial accounts. In addition, CONCEPTONE facilitates full transparency by enabling reporting in real-time.

CONCEPTONE provides this critical, real-time fund management technology integrated within a portfolio, execution and order management system supporting global multi-asset, multi-currency investment strategies. The platform also enables fund managers to prime and trade with any broker they choose.

In addition, CONCEPTONE provides hedge fund clients with state-of-the-art middle- and back-office infrastructure and a full range of fund administration services, including independent portfolio verification. Concept Capital also provides its clients with access to a broad range of fund formation consulting, office space solutions for fund launches, and an industry leading outsourced trading desk.

“We are in the midst of a complete transformation in the hedge fund industry. The minimum acceptable requirements from a technological, operational and risk point of view have become increasingly difficult and costly for hedge fund managers to achieve,” said Michael Rosen, Managing Director at Concept Capital. “Our unique Multi-Prime Service Platform offers a single solution that meets these demands for all our hedge fund clients. CONCEPTONE combines execution, prime services, fund administration, and risk management on one integrated platform, supported by the latest real-time technologies, enabling managers to focus on what they do best, managing their portfolio and generating returns.”

About Concept Capital: (www.conceptcapital.com)
Founded in 1995, Concept Capital is a leading institutional broker and total solutions provider for global investment managers. Concept provides a full suite of prime brokerage, fund administration, and real-time risk management services. Concept also provides an industry leading institutional trading platform for hedge funds, registered investment advisors and broker dealer customers. Concept Capital specializes in providing clients with experienced, in-depth market knowledge combined with advanced proprietary systems, enabling clients to quickly launch their businesses in the most cost effective manner possible. Concept Capital is headquartered in New York City and has offices in Greenwich, Conn., Garden City, NY, Los Angeles, Houston, Chicago and Boca Raton, FL. Concept Capital is a division of SMH Capital, Inc., member FINRA, SIPC.

About SMH Capital, Inc.: (www.smhgroup.com)
Sanders Morris Harris Group is a financial services holding company headquartered in Houston that manages approximately $10.5 billion in client assets. The subsidiaries and affiliates of Sanders Morris Harris Group deliver superior wealth advisory, asset management, and capital markets services to individual and institutional investors and middle-market companies. Its operating entities are Dickenson Group, Edelman Financial Center, Salient Partners, Salient Trust Co. LTA, SMH Capital, SMH Capital Advisors, Select Sports Group, and The Rikoon Group. Sanders Morris Harris Group has over 610 employees in 21 states.

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For additional information contact:

Beth Leri,
Spring, O’Brien, for Concept Capital
bethl@spring-obrien.com
(212) 620-7100 ext. 208

New York, NY – February 9, 2009 – Concept Capital, a leading institutional broker and total solutions provider for global investment managers, today announced the firm has expanded into Fixed Income Sales and Trading and has appointed former Credit Suisse Executive, Allen Oppici as Director of Fixed Income Sales and Trading.

In his new role, Mr. Oppici will oversee the launch and growth of Concept Capital’s Fixed Income business. Mr. Oppici brings more than 20 years of experience in the securities industry to Concept Capital, including 13 years at DLJ and Credit Suisse, where he served as Director of Fixed Income Trading.

Mr. Oppici plans to aggressively grow Concept Capital’s Fixed Income business, which includes the hiring of several sales members for the firm’s trading desk in the first quarter of 2009. Additional hires are anticipated this year as the firm’s Fixed Income business expands.

Concept Capital is launching its Fixed Income desk while many larger firms have reduced their operations across the board. In addition, institutional concern over counterparty risk associated with larger firms has created significant demand for independent brokerage services.

“In the last year, we’ve seen buyside firms shift a significant portion of their business to independent brokers as concerns over counterparty risk have increased and banks continue to reduce services,” said Robert E. Moore, Managing Director of Capital Markets at Concept Capital. “This has been a tremendous opportunity for Concept to grow by offering a broader range of services to our clients. There is growing buyside demand for Fixed Income Sales and Trading services, and we are extremely fortunate to have someone as experienced as Allen join Concept to launch this business.”

About Concept Capital: (www.conceptcapital.com )
Founded in 1995, Concept Capital is a leading institutional broker and total solutions provider for global investment managers. Concept provides a full suite of prime brokerage, fund administration, and real-time risk management services. Concept also provides an industry leading institutional trading platform for hedge funds, registered investment advisors and broker dealer customers. Concept Capital specializes in providing clients with experienced, in-depth market knowledge combined with advanced proprietary systems, enabling clients to quickly launch their businesses in the most cost effective manner possible. Concept Capital is headquartered in New York City and has offices in Greenwich, Conn., Garden City, NY, Los Angeles, Houston, Chicago and Boca Raton, FL. Concept Capital is a division of SMH Capital, Inc., member FINRA, SIPC.

About SMH Capital, Inc.: (www.smhgroup.com )
Sanders Morris Harris Group is a financial services holding company headquartered in Houston that manages approximately $10.5 billion in client assets. The subsidiaries and affiliates of Sanders Morris Harris Group deliver superior wealth advisory, asset management, and capital markets services to individual and institutional investors and middle-market companies. Its operating entities are Dickenson Group, Edelman Financial Center, Salient Partners, Salient Trust Co. LTA, SMH Capital, SMH Capital Advisors, Select Sports Group, and The Rikoon Group. Sanders Morris Harris Group has over 610 employees in 21 states.

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For additional information contact:

Peter Curley, Nirvana Solutions
For Concept Capital
(415) 482-6046
peter.curley@nirvanasolutions.com

New York, NY – January 20, 2008 - Concept Capital, a leading institutional broker and total solutions provider for global investment managers, today announced the appointment of former Citigroup executive and industry trading veteran, Robert E. Moore, as Managing Director and head of the firm’s global institutional trading and research business.

In his new role at Concept Capital, Mr. Moore will oversee the strategic expansion of the firm’s institutional sales and trading business. Concept is planning to triple the size of its institutional sales and trading team during 2009. This strategic move comes as recent historic volatility in the US capital markets has led investors to seek out experienced sales traders to provide a service-oriented execution for their orders. With the hire of Mr. Moore, Concept Capital is reaffirming its commitment to providing clients with industry leading advanced trading solutions and a premiere execution consulting service for global equities.

Mr. Moore brings more that 30 years of experience in the securities industry to Concept Capital, including 21 years at Citigroup Global Markets. At Citigroup, Mr. Moore held several senior positions, including Head of US equities responsible for sales, trading, and capital markets. Mr. Moore also served as head of Global Technology at Citigroup Global Equity Division, where he was responsible for all electronic equity platforms.

“We are proud to have attracted an executive of Bob’s caliber; his extensive experience in managing both global trading businesses and technology platforms will be critical to Concept’s expansion in 2009 and beyond,” said Michael S. Rosen, Managing Director at Concept Capital. “The securities industry is undergoing significant change with investors looking to combine a traditional, service oriented approach to trading with more robust, streamlined trading systems. That demand provides Concept with the perfect opportunity to grow our institutional business by attracting talented and seasoned professionals who will provide our customers the highest level of service.”

About Concept Capital: (www.conceptcapital.com )
Founded in 1995, Concept Capital is a leading institutional broker and total solutions provider for global investment managers. Concept provides a full suite of prime brokerage, fund administration, and real-time risk management services. Concept also provides an industry leading institutional trading platform for hedge funds, registered investment advisors and broker dealer customers. Concept Capital specializes in providing clients with experienced, in-depth market knowledge combined with advanced proprietary systems, enabling clients to quickly launch their businesses in the most cost effective manner possible. Concept Capital is headquartered in New York City and has offices in Greenwich, Conn., Garden City, NY, Los Angeles, Houston, Chicago and Boca Raton, FL. Concept Capital is a division of SMH Capital, Inc., Member FINRA, SIPC.

About SMH Capital, Inc.: (www.smhgroup.com )
Sanders Morris Harris Group is a financial services holding company headquartered in Houston that manages approximately $10.5 billion in client assets. The subsidiaries and affiliates of Sanders Morris Harris Group deliver superior wealth advisory, asset management, and capital markets services to individual and institutional investors and middle-market companies. Its operating entities are Dickenson Group, Edelman Financial Center, Salient Partners, Salient Trust Co. LTA, SMH Capital, SMH Capital Advisors, Select Sports Group, and The Rikoon Group. Sanders Morris Harris Group has over 610 employees in 21 states.

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For additional information contact:

Marc Weinstein, Spring, O’Brien & Co.
For Concept Capital
at (212) 620-7100, ext. 216
marcw@spring-obrien.com