California Insurance

DUBLIN, Ohio, April 09 2008 (BUSINESS WIRE) - Please replace the sharing of April 8, 2008 with the following versions of the corrected version of several revisions.

The corrected version is as follows:

Domestic, asset managers investment CALIFORNIA INC. acquires annuity SALES, INC.

CIAS Adds nearly $ 81 million at the NIVM Assets under Management, Total Surpasse now $ 875 million

Transaction Strengthens Its Presence in California

National Investment Managers Inc. (OTC BB: NIVM), and at national and regional level-operated pension and investment management company management, announced today that it has concluded the acquisition of California Investment Annuity Sales, Inc. (CIAS), based in Marina del Rey, California, USA. CIAS is a distributor of securities and insurance contracts, and first qualified retirement plans in small and medium market. The acquisition was valued at $ 2375 million. The transaction is approximately US $ 81 million to NIVM of assets under management, which means that society as a whole more than $ 875 million.

Steven Ross, CEO of the National Investment Managers, said: “We are very pleased with the additional investment of California Annuity distribution in the National Park Investment Managers. CIAS offer a high level of investment and assurance of our ability and the western region is in a good position in our existing businesses TPA. Its principles, Kaplan and Richard Anthony Delfino, are already a part of our team, were the leaders of Benefit Planning Inc., in the year 2005 has been purchased. Their know-how, planning and administration, as well as their distribution, California, is NIVM Greater possibility of its client base in the western region.

John Davis, President and Chief Operating Officer of the National Investment Managers, added: “California is one of the largest markets for NIVM, and we believe that the addition of CIAS NIVM the family, we are strengthening our presence on the spot and improve opportunities for future growth, And this, not only within our investment and insurance companies, but also in our heart of the retirement business, design, consulting and administration. ”

Richard Kaplan, CEO of California Investment Annuity Sales, Inc., said: “We are very pleased with our relationship with NIVM. Powered observed that organization, its strategy and business plans for the last two years, we know that the business model is strong. NIVM focuses on the good things for its customers and employees all over the construction of a large platform for profitable growth. NIVM a cross-selling many opportunities for companies like CIAS and we look forward to more success as a party An organization with a larger customer base significantly.

Ross concluded: “We have the end of 2007, has reported financial results, which showed the turnover of 55% to $ 35.4 million compared to year. We also reported that EBIDTA SBC had more than doubled to $ 6.3 million in 2007. Remove one - time costs related to restructuring and relocation of the company, our EBIDTA SBC reportedly $ 6.9 million, compared to $ 2.9 million during the year 2006.

“When we announced the results, we also reminded investors that our strategy of organic growth and acquisitions continue despite persistent current nervousness on the financial markets. CIAS Adding family NIVM firm is a demonstration of our commitment With for acquisitions, the increase in shareholder value. We are actively involved in several others, which focus on the declaration of intent of the scene.

About National Investment Managers Inc.

National Investment Managers Inc. is a holding company and consolidators of the pension management, insurance, investment and management of the company. The strategy includes a purchase tailored for different operations acquired, thus enabling local and regional authorities to maintain their independence, while taking advantage of the easy reach, a national presence. In addition, the company proposes to approach the entrepreneur in these companies, an exit strategy for their specific needs. National Investment Managers objectives of the company with stable cash flows and high operating margins for the successful integration of operations once the sale is completed. Acquired businesses continue to be governed by their own brands, as a general rule, with a minimum of rotation to ensure that the long-standing relations are not bothered standing. At the same time, these ancient small companies can cross-selling related financial services under the National Investment Managers roof and benefit from management and other forms of support from across the country.

Businesses, the National Pensions Investment Managers-management, preparation, performance Conservation Services Asset general insurance and asset management services. Hundertprozentige subsidiaries of the National Investment Managers are Southington, CT, Marina Del Rey, CA, Jacksonville, FL, Orlando, FL, North Attleboro, MA, Cherry Hill, NJ; Haddonfield, New Jersey, New York, NY, White Plains, NY , Bend, OR, Portland, OR, Harrisburg, PA, Horsham, PA; Wayne, PA, Providence, RI, Houston, TX, and Seattle, WA.

Note: This press release contains forward-looking statements as reports under the Private Securities Litigation Reform Act of 1995, including statements regarding the future prospects of the company. They are based on current expectations and are subject to a number of risks and uncertainties, and actual results may differ significantly. The risks and uncertainties include, if the company is able to raise capital, identify and complete acquisitions, the integration of the acquired business, improving operations and the acquired units Business and generate cash earnings. For more information on these and all other risks and uncertainties may, in the company statements with the Securities and Exchange Commission.