May 20, 2008

Dahlman Rose & Co. Expands Research Coverage into Metals and Mining Sector

NEW YORK, May 20 /PRNewswire/ -- Dahlman Rose & Co., LLC, a leading investment bank specializing in global energy and commodity supply chain sectors, today announced a significant expansion of its research coverage with the appointment of Tony Rizzuto as Managing Director, Equity Research, focusing on the Global Metals and Mining sector.

Mr. Rizzuto has been a member of the Institutional Investor All-American Research Team for 17 consecutive years, and was most recently ranked No. 1 in the 2007 survey. Prior to joining Dahlman Rose, Mr. Rizzuto was a Senior Managing Director at Bear, Stearns & Co., where he was employed since 1993. Mr. Rizzuto received his Bachelor of Science in Finance from Villanova University in 1982.

"Dahlman Rose has distinguished itself as the leader in the global energy and commodity supply chain sectors and we are very pleased to be adding the foremost expert in Metals and Mining to our growing research product," said Simon Rose, Chief Executive Officer at Dahlman Rose. "With our expansion into metals and mining and the addition of Tony and his team, we have now enhanced our platform to include mining, processing as well as transportation of core commodities. This unique focus positions Dahlman Rose to continue to provide clients with value-added insight critical for understanding the new paradigm of sustainable global infrastructure expansion and demand growth for commodities. Tony's extensive relationships in the industry are second-to-none, and his opinions on global macro drivers supporting commodity demand growth are sought out by the Street."

Mr. Rizzuto, commented, "I am extremely excited to be joining an investment bank that has the most robust offering available for taking advantage of long-term global demand for essential commodities. I look forward to collaborating with the Dahlman Rose team as we advise clients on strategies for benefiting from unprecedented and sustainable need for commodities in both developing and developed economies."

In addition to Mr. Rizzuto's appointment with Dahlman Rose, Daniel M. Whalen and Anthony Young, former Associate Analysts with Bear, Stearns & Co., will be joining the firm to complete Mr. Rizzuto's Metals and Mining team. Mr. Whalen brings seven years of buy-side experience as well as four years of sell-side experience, including coverage in energy, industrials, and materials sectors. He received his Bachelor of Arts in Economics from Bucknell University in 1996. Mr. Young, who received his Master of Business Administration from the University of Texas at Austin and a Master of Science in Electrical Engineering from the University of Southern California, has worked within the utilities, coal, and Metals and Mining industries since 2004.

About Dahlman Rose & Co., LLC

Dahlman Rose & Company, LLC (MEMBER: FINRA/SIPC) is a leading investment bank that offers exceptional research, trading and investment banking capabilities across the entire capital structure to clients in the U.S. and globally. The firm provides performance for its clients through its sector specialization, and its personnel are attuned to the important day-to-day drivers in daily share price movement. The Dahlman Rose team specializes in verticals within the global energy and commodity supply chain, including marine shipping and offshore services, exploration and production, oilfield services, and electric utilities. Our team has cultivated a thorough understanding of these industries and their drivers by leveraging relationships with an extensive roster of company management and industry contacts.

Dahlman Rose & Co., LLC

CONTACT: Stephen Suhovsky of The IGB Group, +1-212-477-8439,[email protected]

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