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Michael Roy Fugler Named Chairman of National Investment Banking Association

The NATIONAL INVESTMENT BANKING ASSOCIATION (NIBA) announced that at its annual meeting today, its Board of Directors elected Michael Roy Fugler as Chairman, succeeding Kenneth A. Kamen. Mr. Fugler became affiliated with the NIBA in 1996 and currently serves as a member of the Board of Directors, and has served on various committees including Governmental Affairs, Membership, and Education.

"I am proud to serve the members of NIBA in this expanded capacity," stated Mr. Fugler. "We occupy a very special position within the small issuer market and I will diligently pursue courses of action that expand the resources available to small business, creating a more receptive market for small business capital formation."

Mr. Fugler is a Principal of I-Bankers Securities, Incorporated and has been the Director of the Corporate Finance division in New York since 1997 (holding Series 7, 24, and 63 securities licenses). Prior to joining I-Bankers, Mr. Fugler practiced international law, specializing in corporate law and finance regarding securities, public companies, trade, and investment and merchant banking.