EFH Empire Financial Holding

LONGWOOD, Fla., March 16 /PRNewswire-FirstCall/ -- Empire Financial Holding Company (AMEX:EFH), a full service brokerage, investment banking and investment advisory firm, today announced that it has completed the sale of 863,074 shares of 4% Convertible Preferred Stock and 431,537 Warrants to accredited individual and institutional investors for gross and net proceeds of $2.805 million. "We are pleased to announce the completion of this financing as it provides us additional resources to continue to implement the expansion of our business through opening additional offices, expanding our investment banking and institutional efforts and extending the network of independent brokerage offices that we support," stated Donald A. Wojnowski, President and CEO. About Empire Financial Holding Company Empire Financial Holding Company, through its wholly owned subsidiary, Empire Financial Group, Inc., provides full-service retail brokerage services through its network of owned and independently operated offices. Through its market-making and trading division, the Company offers securities order execution services for unaffiliated broker dealers and makes markets in domestic and international securities. Empire Financial also provides Investment Banking services for clients as well as turn-key fee based investment advisory and registered investment advisor custodial services through its wholly owned subsidiary, Empire Investment Advisors, Inc. Forward-Looking Statement Disclaimer This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties or other factors which may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Factors that might cause such a difference include, without limitation, fluctuations in the volume of transactional services provided by the Company, competition with respect to financial services commission rates, the effect of general economic and market conditions, factors affecting the securities brokerage industry as well as other risks and uncertainties detailed from time to time in the Company's Securities and Exchange Commission filings. Contact: Donald A. Wojnowski, Jr. President & CEO Empire Financial Holding Company Phone: 407-774-1300 EXT 1841 Fax: 407-830-5078 DATASOURCE: Empire Financial Holding Company CONTACT: Donald A. Wojnowski, Jr., President & CEO of Empire Financial Holding Company, +1-407-774-1300, ext. 1841, or fax, +1-407-830-5078,

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