Mr. Michael Agulla, for the past 8 years, was a Vice President at Hapoalim Securities. Michael provides trading and execution for proprietary dealers, and regional Broker Dealers. Securities which he covers include investment grade, convertible high yield and distressed corporate issues, as well as emerging markets’ sovereign and corporate debt. Prior to Hapaolim, Mr. Agulla worked for Bear Stearns, trading Agency Debentures and Mortgage Backed Securities to regional dealers and Money Managers.

Mr. David Johnson has worked in the securities industry for over 25 years. David primarily trades fixed income products, specializing in High Yield, High grade, Oil, and Gas Convertibles. Mr. Johnson formerly worked at Bank Hapoalim for the last 12 years, prior to which he was employed with Herzog, Heine, Geduld for 13 years.

Robert Eide, Aegis Capital’s CEO, Commented; “We are pleased that David and Michael have joined us as they bring a level of knowledge and experience in the fixed income market that will be beneficial to our clients and advisors.”

Phil Michals Head of Business Development Commented; “The addition of David and Michael, with their background and experience, will provide an expertise we can now offer to our customers on the institutional and retail side of the market place.”

About Aegis- Aegis Capital has been in business for over 30 years and maintains a conflict free service platform catering to the needs of private clients, institutions and corporations. Aegis Capital Corp. was founded in 1984 by, the current CEO and Chairman. Aegis origins were based on servicing the specific needs of its customer base. Today, we have become a premiere full-service investment banking firm with Twenty-Three locations and employees stretching from Portland, Oregon to Rochester, NY. We have clients in all 50 states and overseas. Aegis has been able to bring quality service through its clearing relationships with RBC and APEX.

Any questions contact:

Business Development

Phil Michals-800-380-4241

pmichals@aegiscapcorp.com