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AN IMPORTANT ANNOUNCEMENT

Boston Advisors Launches as Employee-Owned Firm

BOSTON, MA – Boston Advisors, LLC, is now an employee-owned, independent firm, says Michael Vogelzang, President and C.I.O. The company takes its bow with slightly less than $2.2 billion in assets under management made up of approximately $1.2 billion in institutional assets and $1.0 billion in personal assets of its high net worth clients, making it among the largest employee-owned investment advisory firms in Boston. The firm will employ a staff of 37 people. Vogelzang has retained all of his current portfolio managers and executive team and says the firm is poised for growth. Boston Advisors, LLC. provides sub-advisory services, managing a variable annuity assignment from AXA Equitable and is subadviser on the Enterprise Equity Income Fund (ENGIX) in Atlanta. The firm also manages pension assets for several large Fortune 500 companies. In addition to investment management to select high net worth clients, the firm manages four institutional equity disciplines: large-cap value, large-cap core, small-cap core and all-cap concentrated. The firm is well known for its objective, disciplined and systematic investment process. The new entity, Boston Advisors, LLC, began working under its new name April 1, 2006.