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Media Contact:
Brannon Smith, Highland Capital 205/263-9211


HIGHLAND CAPITAL HIRES NEW VICE PRESIDENT OPERATIONS

(Birmingham, AL; May 8, 2002)--Highland Capital Holding Corporation announces that Robert (Bob) W. Davis has been named the company's Vice President Operations, responsible for the overall operational performance of the company.  An immediate primary responsibility will be the continued integration of the company's wholesale brokerage offices, Highland Capital Brokerage, including the implementation of technology and the standardization of operations and processes.

"Bob's vast operations experience will be instrumental as we continue to grow our offices' national presence," said John L. Robinson, Jr., CEO and President of Highland Capital.  "Bob has a proven record of delivering increased profitability, and his technological background will serve the company well as he leads the agency management system implementation."

Prior to joining Highland Capital, Davis served as Chief Operating Officer of StorageProvider, Inc., an outsourced data management company serving clients both in the U.S. and abroad.  From 1993 to 2000, Davis served as Director of Operations for Compaq's Enterprise Storage Division, focused on supply chain management for over $6 billion in revenue.  From 1991 to 1993, he served on various engagements with the management consulting firm of McKinsey & Company.  He received his MBA from the Owen School of Management, Vanderbilt University and undergraduate degree from Baylor University.

Birmingham-based Highland Capital Holding Corporation, an innovator in the distribution of financial services, was formed to acquire, equip, and grow the premier national network of firms who provide financial products and services to the corporate and affluent marketplace.  Highland Capital's two complementary distribution strategies - retail and wholesale - come together under a shared vision to redefine upscale distribution in the financial services industry.  The combined platform has over 50 offices nationwide.

The company's fundamental objective is to equip firms to compete effectively within the consolidating financial services industry while creating an opportunity for individual principals to realize the equity value of their firms.  The firms acquired by Highland Capital distribute financial services products directly to retail consumers and indirectly through institutional accounts and affiliated financial services firms.  Highland Capital's retail offices offer asset management, business succession planning, estate planning, executive compensation, employee benefits, and retirement planning for the corporate and affluent marketplace.  The wholesale offices provide access to major carriers, advanced planning support, expertise in risk underwriting, and various financial products and services to insurance brokers, financial planners, attorneys, and various institutions, such as banks, wirehouses, and CPA firms.

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