Ladenburg Thalmann Selects Bonaire's REVPORT(TM) Revenue Management Software Platform

BOSTON, MA, Jun 01 (MARKET WIRE) --
Bonaire Software Solutions, LLC, a leading provider of Revenue Management
Fee Billing and accounting software to investment managers, mutual funds,
wealth managers, broker dealers and RIAs, announced that its REVPORT(TM)
Revenue Management Fee platform has been selected by New York city based
Ladenburg Thalmann Asset Management, Inc. (LTAM), a subsidiary of
Ladenburg Thalmann Financial Services, Inc. (NYSE Amex: LTS).

LTAM's decision provides another key 'win' for Bonaire and further
underpins REVPORT(TM)'s evolution from its traditional back-office, fee
billing, revenue management, and commission roots. Although continuing to
harness REVPORT(TM)'s market-leading fee, commission calculation and
collections capability, Ladenburg felt it was Bonaire's robust product
extension modules and quantifiable ROI that set it apart from the
competition. Bonaire's REVPORT revenue management fee billing accounting
software package is a revenue center or "revenue manager" to automate the
fee billing process.

Bonaire Software has delivered on LTAM's stated objectives to:

-- Centralize Revenue Management Fee Billing, fee-based revenue,
commissions, collections and accounting data within a single, robust
repository
-- Automate existing manually-based data consolidation and financial
reporting tasks that currently perform Revenue Management fee billing
-- Automate the production of standard audit and control reporting and
improve responsiveness to ad-hoc needs
-- Lower operating costs and improve efficiency through the replacement
of manually intensive, spreadsheet-based fee and fee rebate processes

"After identifying a need to upgrade from our current revenue
management fee vendor and evaluating a number of packages, we felt that
the combination of REVPORT(TM)'s ability to be customized and seamlessly
connect to our back office, and Bonaire's commitment to working in
partnership with Ladenburg provided a compelling reason to proceed," said
Philip Blancato, President of Ladenburg Thalmann Asset Management.

Christopher John, CEO at Bonaire, commented, "The team at LTAM was very
well prepared for this project. The integration of our applications into
their production environments was extremely smooth. LTAM really embraced
what our products can do and is now experiencing the operational benefits
and efficiency of our solutions."

About Bonaire Software Solutions, LLC

Bonaire is focused on providing Revenue Management and accounting software
and services solutions to the asset management industry. Bonaire's REVPORT
revenue management fee billing accounting software package is a revenue
center or "revenue manager" to automate the fee billing process. REVPORT
is a Revenue Management Fee Billing platform, or revenue center that aids
in fee billing calculation, fee billing, revenue management, commissions,
accounts receivable, revenue sharing, and revenue recognition. Clients
include industry leading investment managers, mutual funds, wealth
managers, banks/trusts and retirement services providers.

Revenue Management Software Products include:

-- REVPORT(TM) - Fee Billing platform

- Multi-currency revenue management

- Custom Rule Generator

- Commissions and Revenue Sharing

- Revenue Management Modeling and Forecasting Analytics

-- Accounts Receivable - PAYPORT - Payment processing platform with
payment matching

-- EMPOWER - Management Information platform

- EMPOWER Basic - Report/Invoice 'views' Developer Toolkit

- EMPOWER/BI - Management Information and reporting

Based in Boston, MA, and London, UK, Bonaire is a privately held company
founded in 1999. For more information about Bonaire Software Solutions
Revenue Management and Fee billing platform, please visit
www.bonairesoft.com.

About Ladenburg Thalmann Asset Management, Inc.

Ladenburg Thalmann Asset Management, Inc. (LTAM) is a subsidiary of
Ladenburg Thalmann Financial Services, Inc. Ladenburg Thalmann Financial
Services, included in the Russell 3000(R) indices, is engaged in
investment banking, equity research, institutional sales and trading,
independent brokerage and advisory services and asset management services
through its principal subsidiaries, Ladenburg Thalmann & Co., Inc.
Investacorp, Inc. and Triad Advisors, Inc. Founded in 1876 and a New York
stock Exchange member since 1879, Ladenburg Thalmann & Co. is a full
service investment banking and brokerage firm providing services
principally for middle market and emerging growth companies and high net
worth individuals. Investacorp, Inc., a leading independent broker-dealer
headquartered in Miami Lakes, Florida, has been serving the independent
registered community since 1978 and has approximately 500 independent
financial associates nationwide. Founded in 1998, Triad Advisors, Inc. is
a leading independent broker-dealer and registered investment advisor
headquartered in Norcross, Georgia that has a broad menu of products
services and total wealth solutions to approximately 400 independent
financial advisors nationwide. Ladenburg Thalmann Financial Services is
based in Miami, Florida. Ladenburg Thalmann & Co. is based in New York
City, with regional offices in Miami and Boca Raton, Florida; Melville,
New York; Lincolnshire, Illinois; Los Angeles, California; and Princeton,
New Jersey. For more information, please visit www.ladenburg.com.

Media Contacts:

UK
Bonaire Software Solutions
Gary Liley
+44 (0) 207 763 6102
Email Contact

US
Bonaire Software Solutions
Scott Fitzpatrick
001 617 338 0107 x116
Email Contact

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