Gunn Allen Announces Acquisition of Pointe Capital

TAMPA, Fla., May 27 /PRNewswire/ -- Gunn Allen Holdings, Inc., the parent
company of Tampa-based GunnAllen Financial, Inc. (individually or collectively
referred to as "Gunn Allen"), announced today the acquisition of Pointe
Capital, Inc. ("Pointe Capital" or "Pointe"), of Boca Raton, Florida. Pointe
is an independent broker/dealer with more than 100 retail and institutional
registered representatives in 13 branch offices located throughout the United
States. Subsequent to transaction approval, Gunn Allen will have in excess of
720 affiliated representatives operating from more than 200 branch offices.
The acquisition, which is subject to FINRA approval and customary closing
conditions, is expected to be consummated by the end of the second quarter of
2009.

"The acquisition of Pointe Capital enhances Gunn Allen's standing in the
independent broker/dealer industry and further promotes our stated commitment
to business expansion through organic and acquisition growth," stated John H.
Sykes, Chairman and Chief Executive Officer of Gunn Allen Holdings. "In
addition, the acquisition of Pointe is a solid indication of the successful
initial results brought about through the efforts of the management team to
financially rebuild, strengthen and reposition Gunn Allen in the marketplace."

"We are very pleased and excited to become part of Gunn Allen," stated Paul
Richardson, Chief Executive Officer of Pointe Capital. "The vision that John
Sykes has set forth and the strategic direction and culture the organization
has established is one that will benefit both companies, its affiliated
representatives and clients."

Pointe Capital was formed in 2004 by Paul Richardson and Daniel Levene, the
company's President. It is Gunn Allen's intention to operate Pointe as a
separate broker/dealer. Both Messrs. Richardson and Levene will continue in
their respective positions.

Gunn Allen Holdings, Inc. is a diversified financial services holding company
engaged in securities brokerage, securities trading, investment banking, and
money management activities through its wholly owned subsidiary GunnAllen
Financial, Inc. Additional retail and corporate services are offered through
GAF Insurance Services, Inc., which serves as an insurance broker for
insurance products offered and sold through GunnAllen Financial, and GunnAllen
Tax Services, Inc. which offers tax preparation, estate and trust services.
For more information visit the firm's corporate web site www.gunnallen.com.

SOURCE Gunn Allen Holdings, Inc.

Scott J. Bendert of Gunn Allen Holdings, Inc., +1-800-713-4046 ext. 2560,
scott.bendert@gunnallen.com