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National Investment Managers Inc.'s Karen A. Jordan Honored With 2008 Harry T. Eidson Founders Award By the American Society of Pension Professionals & Actuaries

Posted on: Tuesday, 21 October 2008, 09:00 CDT

National Investment Managers Inc. (OTC BB: NIVM), a nationally-based and regionally-operated retirement plan administration and investment management company, is pleased to announce that Karen A. Jordan, President of Alaska Pension Services, Ltd., a wholly owned subsidiary of NIVM, has been named recipient of the 2008 Harry T. Eidson Founders Award by the American Society of Pension Professionals & Actuaries (ASPPA).

The Harry T. Eidson Founders Award was established to honor the memory of ASPPA's founder, Harry T. Eidson, FSPA, CPC. Eidson was the initial inspiration behind the formation of ASPPA in 1966. All nominations are reviewed by a special Eidson Award Subcommittee. The subcommittee then provides award candidate recommendations to the ASPPA Board of Directors. The Board makes the final award determinations based on the following criteria:

-- The contribution must be consistent with the ASPPA mission statement, which is "to educate pension actuaries, consultants, administrators and other benefits professionals, and to preserve and enhance the private pension system as part of the development of a cohesive and coherent national retirement income policy."

-- The individual's contribution should have a lasting, positive influence on ASPPA or the private pension system.

-- The contribution may be current, one that spanned many years, or one made years ago from which ASPPA or the private pension system benefits today.

-- The contribution should be a result of time devoted above and beyond reasonable expectations and not a result of time spent primarily for personal gain, and

-- The contribution may have been made and/or recognized on a national or regional level; however publicity is not a criterion.

Steve Ross, CEO of National Investment Managers, said, "We at National Investment Managers are very pleased for Karen. With over 35 years experience in the business, Karen is one of the giants in our industry, and this award confirms her contribution to it. She is a Certified Pension Consultant (CPC), Qualified Pension Administrator (QPA), and Qualified 401(k) Administrator (QKA). She holds the distinguished honor of being the first non-actuary to be elected on the ASPPA Board of Directors and numerous ASPPA committees. In addition, Karen helped found the Anchorage ERISA Forum and served as president of the Anchorage Estate Planning Council."

John Davis, President and COO of National Investment Managers, added "I am proud of Karen, and all of her remarkable accomplishments in the pension industry. It's a true pleasure to work with her and all of the insight and creativity she brings to our organization every day. In addition to her generous contributions in the industry, Karen also serves on the Municipality of Anchorage Investment Advisory Commission and is a frequent speaker on retirement issues, especially those affecting women's retirement security. She also represented ASPPA as a special director of the American Academy of Actuaries, served on the Council of Presidents and Presidents-elect of the North American Actuarial Organizations, and served as a delegate to the National Summit on Retirement Savings (also known as the Saver Summit). Please join National Investment Managers in congratulating Karen Jordan for receiving this year's Harry T. Eidson award and in thanking her for her tremendous contributions to the pension industry."

About National Investment Managers Inc.

National Investment Managers Inc. is a holding company and a consolidator of pension plan administration, investment management and insurance businesses. Its strategy includes a custom-tailored acquisition formula for each acquired business, which allows local and regional entities to retain their autonomy while benefiting from the reach that a national presence offers. In addition, the Company's approach offers entrepreneurs in these businesses an exit strategy suited to their specific needs. National Investment Managers targets businesses with stable cash flows and high operating margins to ensure successful integration of operations once a sale is concluded. Acquired companies continue to operate under their own brands, usually with minimal staff turnover to ensure that relationships of many years' standing are not disrupted. At the same time, these formerly small businesses can cross-sell related financial services under the National Investment Managers umbrella and enjoy administrative and other support from around the country.

The member firms of National Investment Managers provide pension administration services, retirement planning, defined benefit services, asset preservation, investment and insurance services. Wholly-owned subsidiaries of National Investment Managers are based in Anchorage, AK; Marina Del Rey, CA; Denver, CO; Southington, CT Jacksonville, FL; Orlando, FL; Baltimore, MD; North Attleboro, MA; Cherry Hill, NJ; Haddonfield, NJ; New York City, NY; White Plains, NY; Bend, OR; Portland, OR; Harrisburg, PA; Horsham, PA; Wayne, PA; Providence, RI; Houston, TX; and Seattle, WA. NIVM's corporate headquarters are located in Dublin, OH.

Note: This press release contains statements that are considered forward-looking under the Private Securities Litigation Reform Act of 1995, including statements about the Company's future prospects. They are based on the Company's current expectations and are subject to a number of uncertainties and risks, and actual results may differ materially. The uncertainties and risks include whether the Company is able to raise capital, identify and complete acquisitions, integrate the acquired businesses, improve upon the operations of the acquired business units and generate cash and profits. Further information about these and other relevant risks and uncertainties may be found in the Company's filings with the Securities and Exchange Commission.

Source: Business Wire

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