Company Press Release

LANCASTER, Pa., May 08, 2012 (BUSINESS WIRE) -- Emerald Asset Management, Inc., an investment holding company with approximately $2 billion in assets, has announced another key addition to its management team as it prepares for continuing future growth. Emerald Founder and CEO Joseph E. Besecker announced that Joseph G. Witthohn, CFA, has joined Emerald Asset Management, Inc. as Vice President for Product Development and ETF Strategies. He will be responsible for expanding the investment products offered by Emerald and its subsidiary companies.

Mr. Witthohn formerly was part of the Investment Strategy Group for Janney Montgomery Scott and earned a Master of Science in Finance from the Carroll Graduate School of Management at Boston College following his receipt of an MBA from the Whittemore School of Business and Economics at the University of New Hampshire and an undergraduate degree in Marketing and Management from Philadelphia University. Joe holds the Chartered Financial Analyst designation and is a member of the CFA Society of Philadelphia. He brings 18 years of investment experience to his role.

"Emerald is working to expand its strong product line-up with the addition of talented professionals," said Mr. Besecker. "We have always strived to be leaders within our product space and Joe will ensure our innovative leadership continues," he said. Joe joins two recent additions to the Emerald management team: Rich Juliano joined Emerald Asset Management, Inc. as chief operating officer, and Scott Rehr joined subsidiary Emerald Advisers, Inc. as its chief operating officer. All three are based at Emerald's new global headquarters in Leola, PA. Emerald moved to a larger headquarters in November, 2011 as part of its ongoing growth-oriented product development and acquisition strategy. Emerald also maintains offices in King of Prussia and Pittsburgh, Pennsylvania.

Founded in 1991, Emerald Asset Management, Inc. is a diversified investment management company that operates thru its wholly-owned subsidiaries Emerald Advisers, Inc. and Emerald Mutual Fund Advisers Trust. Emerald Advisers and PMG jointly own Emerald Fixed Income Advisers, LLC. Assets managed by these companies totaled approximately $2 billion as of March 31, 2012. "Driven by Research," Emerald employs an intense fundamental, research-focused investment philosophy and focuses primarily on growth-oriented equity investing and high-quality disciplined fixed-income investing.