Steven S. Myers, Largest Shareholder of SM&A, Issues Statement Commenting on Letter...

Steven S. Myers, Largest Shareholder of SM&A, Issues Statement Commenting on Letter from SM&A Chairman Dwight L. Hanger

NEWPORT BEACH, Calif.--(Business Wire)--
Steven S. Myers, the largest shareholder of SM&A (NASDAQ: WINS) as
well as the Company's founder and retired chairman and chief executive
officer, today issued the following statement in response to a letter
sent to him on March 20, 2008, by SM&A Chairman Dwight L. Hanger and
released by SM&A on the afternoon of March 24th:

"SM&A's March 20th letter to me unfortunately speaks volumes about
the intransigence of the current SM&A Board, as does its rejection of
a shareholder presence on that Board. I do not expect the Board's
ill-conceived attempt to deflect from itself responsibility for the
substantial deterioration in the Company's stock price over the past
year to sit well with SM&A shareholders. As for the Board's concern
about the cost and distraction of a proxy fight, that was its choice
when it refused to nominate the partial Board slate I proposed."

SM&A, based in Newport Beach, Calif., provides competition
management and program support services to major industrial customers
in the Aerospace & Defense, Information Technology,
Telecommunications, and other industries.

THIS PRESS RELEASE IS FOR GENERAL INFORMATIONAL PURPOSES ONLY. IT
DOES NOT PERTAIN TO THE SPECIFIC INVESTMENT OBJECTIVE, FINANCIAL
SITUATION, SUITABILITY, OR THE PARTICULAR NEEDS OF ANY SPECIFIC PERSON
WHO MAY RECEIVE THIS PRESS RELEASE, AND SHOULD NOT BE TAKEN AS ADVICE
ON THE MERITS OF ANY INVESTMENT DECISION. THE VIEWS EXPRESSED HEREIN
REPRESENT THE OPINIONS OF STEVEN S. MYERS, AND ARE BASED ON PUBLICLY
AVAILABLE INFORMATION WITH RESPECT TO SM&A (THE "ISSUER").

EXCEPT FOR THE HISTORICAL INFORMATION CONTAINED HEREIN, THE
MATTERS ADDRESSED IN THIS PRESS RELEASE ARE FORWARD-LOOKING STATEMENTS
THAT INVOLVE CERTAIN RISKS AND UNCERTAINTIES. YOU SHOULD BE AWARE THAT
ACTUAL RESULTS COULD DIFFER MATERIALLY FROM THOSE CONTAINED IN THE
FORWARD-LOOKING STATEMENTS. MR. MYERS ASSUMES NO OBLIGATION TO UPDATE
THE FORWARD-LOOKING INFORMATION.

MR. MYERS RESERVES THE RIGHT TO CHANGE ANY OF HIS OPINIONS
EXPRESSED HEREIN AT ANY TIME AS HE DEEMS APPROPRIATE. MR. MYERS
DISCLAIMS ANY OBLIGATION TO UPDATE THE INFORMATION CONTAINED HEREIN.

MR. MYERS HAS NOT SOUGHT OR OBTAINED CONSENT FROM ANY THIRD PARTY
TO USE ANY STATEMENT OR INFORMATION INDICATED IN THIS PRESS RELEASE AS
HAVING BEEN OBTAINED OR DERIVED FROM STATEMENTS MADE OR PUBLISHED BY
THIRD PARTIES. ANY SUCH STATEMENT OR INFORMATION SHOULD NOT BE VIEWED
AS INDICATING THE SUPPORT OF SUCH THIRD PARTY FOR THE VIEWS EXPRESSED
HEREIN. NO WARRANTY IS MADE THAT DATA OR INFORMATION, WHETHER DERIVED
OR OBTAINED FROM FILINGS MADE WITH THE SEC OR FROM ANY THIRD PARTY, IS
ACCURATE.

EACH OF MR. MYERS, KENNETH W. COLBAUGH, ALBERT S. NAGY AND REDGE
E. BENDHEIM (COLLECTIVELY, THE "PARTICIPANTS") IS DEEMED A PARTICIPANT
IN THE SOLICITATION OF PROXIES DESCRIBED IN THIS PRESS RELEASE.
INFORMATION REGARDING THE PARTICIPANTS AND THEIR DIRECT OR INDIRECT
INTERESTS, BY SECURITY OWNERSHIP OR OTHERWISE, IS AVAILABLE IN THE
PRELIMINARY PROXY STATEMENT ON SCHEDULE 14A FILED BY MR. MYERS WITH
THE SECURITIES AND EXCHANGE COMMISSION ON MARCH 24, 2008.

ALL STOCKHOLDERS OF THE ISSUER ARE ADVISED TO READ THE DEFINITIVE
PROXY STATEMENT AND OTHER DOCUMENTS RELATED TO THE SOLICITATION OF
PROXIES BY MR. MYERS FOR USE AT THE 2008 ANNUAL MEETING OF
STOCKHOLDERS OF THE ISSUER WHEN AND IF THEY BECOME AVAILABLE BECAUSE
THEY WILL CONTAIN IMPORTANT INFORMATION. WHEN AND IF COMPLETED, THE
DEFINITIVE PROXY STATEMENT AND FORM OF PROXY WILL BE MAILED TO
STOCKHOLDERS OF THE ISSUER AND WILL, ALONG WITH OTHER RELEVANT
DOCUMENTS, BE AVAILABLE AT NO CHARGE ON THE SEC'S WEB SITE AT
WWW.SEC.GOV. IN ADDITION, MR. MYERS WILL PROVIDE COPIES OF THE
DEFINITIVE PROXY STATEMENT WITHOUT CHARGE UPON REQUEST.

Kekst and Company
Roy Winnick, 212-521-4842
roy-winnick@kekst.com

Copyright Business Wire 2008