Investors Capital Advisory Adds ValueWorks Founder and CIO Charles Lemonides To Investment Policy Committee

Business Wire, July 8, 2008

LYNNFIELD, Mass. -- Investors Capital Advisory Services (ICAS), the Registered Investment Advisor of Investors Capital Holdings (AMEX: ICH), is pleased to announce the addition of Charles Lemonides to its Investment Policy Committee. Mr. Lemonides is the Founder and Chief Investment Officer of separate account manager ValueWorks, LLC.

"The committee felt that it was important to add a member with a value-based perspective on the markets and investments," said Kenneth Aulbach, investment strategist, senior vice president of advisory product distribution, and head of the ICAS investment policy committee. "We are honored to obtain someone of Mr. Lemonides' caliber who can provide us with outstanding investment insight."

The ICAS Investment Policy Committee is unique among independent broker/dealers. It consists of portfolio managers, investment strategists, financial advisors, and consultants. Its purpose is to monitor the markets daily and create investment policy and asset allocation models that assist Investors Capital registered representatives in making sound investment decisions for their clients. Mr. Lemonides was appointed to the nine-member committee by a unanimous vote.

Mr. Lemonides specializes in value investing, uncovering investment opportunities by understanding a company's underlying value, independent of market volatility. He is a Chartered Financial Analyst, a member of the New York Society of Security Analysts, and makes frequent television appearances on CNBC, Bloomberg Television, and CNNFN.

About Investors Capital Advisory Services:

Investors Capital Advisory Services (ICAS) is the Registered Investment Advisor of Investors Capital Holdings (AMEX: ICH), located in Lynnfield, Massachusetts. ICAS partners with Investors Capital Corporation registered representatives nationwide to provide them with the premier advisory services, support, and fee-based programs they need to meet their clients' needs and exceed their expectations.