Investors Capital Advisory Services Adds Former Fed Reserve Economist Lieberman To Investment Policy Committee

Business Wire, May 16, 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 Dr. Charles Lieberman to its Investment Policy Committee. Dr. Lieberman is the Chief Investment Officer of separate account manager Advisors Capital Management, LLC. He is also a former Federal Reserve Economist and former Chief Economist/Head of Research for Chase Bank.

"The committee felt that it was important to have a member with a unique macroeconomic 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 Dr. Lieberman's caliber, credentials, and expertise who can provide us with outstanding investment insight. This is a great opportunity for our advisors to work with one of the brightest minds in the business."

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. Dr. Lieberman was appointed to the eight-member committee by a unanimous vote.

Dr. Lieberman specializes in All Cap Value investing. His contrarian approach of buying growth at a deep discount adds a new element to a committee seeking to broaden its views of micro- and macroeconomic policy. He is frequently quoted by the media, is a regular contributor to Bloomberg TV, Barron's, the Wall Street Journal, and appears regularly on CNBC.

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 top-quality advisory services, support, and fee-based programs they need to meet their clients' needs and exceed their expectations.