SOUTHPORT, Connecticut, October 21, 2009 -- Carter Morse & Mathias ("CMM") announced today the formation of a Board of Advisors, consisting of eight prominent business professionals. The Board of Advisors will strengthen CMM as a leading independent investment banking firm for middle market companies in the Northeast. The Advisory Board members are prominent business executives and thought leaders in a number of industries that are important to CMM's clients.

Frank Morse, a Managing Director of CMM commented, "We look forward to leveraging the talent, experience and networks of the Advisory Board members for the benefit of our clients and CMM. In our business, you are known by the company you keep, and we are honored and privileged to attract such a blue ribbon group of business leaders who think highly enough of us to agree to help us grow and deepen our franchise."

The Advisory Board members include the following individuals:

• Eugene M. Dunkin, Jr. is a highly respected consumer packaged goods executive and former President of Godiva North America.

• Tony Friscia is President & CEO of Boston based AMR Research, the leading IT research & advisory firm specializing in global supply chain and enterprise technology strategies.

• Greg Gardiner, Ph.D. specializes in the life sciences as a consultant and advisor to several investment funds and pharmaceutical and biotech companies. He is a partner in Elm Street Ventures, an early stage venture fund, and was formerly Managing Director of Yale's Office of Cooperative Research and a member of the faculty after a long career with Pfizer.

• Lee Greenhouse is the founder and CEO of Greenhouse Associates, a Chicago based strategic consulting firm serving clients in publishing, media and online information services.

• Alan Mendelson is co-founder and Managing Director of Axiom Venture Partners, providing capital and strategic assistance to rapidly growing high technology companies in communications, software, internet infrastructure, biotechnology and information technology.

• Jim Perakis was a founder and CEO of Hyperion Software Corporation before its sale to Oracle in 2008, and currently serves as board director, investor and advisor to several public and private leading software companies.

• Robert D. Scinto is the founder and Chairman of R. D. Scinto, Inc., one of the leading developers of office and industrial buildings in Fairfield County, Connecticut, with a portfolio of more than 2.5 million square feet of commercial space.

• Robert J. Shapiro, Ph.D. is the co-founder and Chairman of Sonecon, LLC., a Washington-based economic advisory firm that provides in-depth analyses of economic conditions in the United States and around the world and the impact of government policies on those conditions and the prospects for particular industries and clients. From 1997 to 2001, Dr. Shapiro was U.S. Under Secretary of Commerce for Economic Affairs.

Carter Morse & Mathias is a regional investment banking firm, founded in 1987 and headquartered in Southport, Connecticut. It specializes in merger and acquisition advisory activities, raising private capital from institutional investors, venture development services, and business valuations for entrepreneurial companies.  Its affiliate, Carter Capital Corporation, is a broker-dealer registered with FINRA and the SEC.