Summit Financial Services Announces Financial Advisors for 2007 Chairman’s and President’s Club for Summit Brokerage Services, Inc.

Chairman Marshall T. Leeds is pleased to announce the members of the 2007 Chairman’s and President’s Club for Summit Brokerage Services, Inc. On behalf of the management, shareholders and Summit team, Mr. Leeds is proud to congratulate and extend appreciation for their hard work and commitment to the Firm. Members in the Summit Chairman’s Club and President’s Club and their guests will attend an event in early May at the Los Suenos Marriott Ocean & Golf Resort in Playa Herradura, Costa Rica in recognition of their outstanding achievements.

The Company is a Florida-based financial services holding company that provides, through its operating subsidiary, Summit Brokerage Services, Inc. ("Summit Brokerage"), a broad range of securities brokerage and investment services to primarily individual investors. Summit Brokerage also sells insurance products, predominantly fixed and variable annuities and life insurance through its subsidiary, SBS Insurance Agency of Florida. Summit Brokerage also provides asset management services through its investment advisor, Summit Financial Group, Inc.

Summit Brokerage is registered with the Securities and Exchange Commission (SEC), and is a member of FINRA (f/k/a NASD), the Municipal Securities Rule Making Board, and the National Futures Association. The Company currently offers its services through a network of approximately 215 registered representatives, and its business plan is focused primarily on increasing its network of affiliated registered representatives through recruitment as well as by acquisitions.

This press release may contain "forward-looking" statements, as defined in the Private Securities Litigation Reform Act of 1995, as amended. Any such statements are made pursuant to the safe-harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended, and they involve a number of risks and uncertainties that could cause actual results to differ materially from those that may be anticipated by or from the forward-looking statements. Important factors that could cause such a difference are set forth in the Company's filings with the Securities and Exchange Commission and include, but are not limited to, investor confidence and the performance of the securities markets, and the availability of suitable candidates for the Company's acquisition or recruitment.