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LEVITT CAPITAL MANAGEMENT’S PRINCIPAL NAMED ONE OF THE
TOP 100 INDEPENDENT FINANCIAL ADVISORS IN THE U.S.

ONE OF THREE NOMINEES IN THE STATE OF FLORIDA

BOCA RATON, FL – August 30, 2010 – Robert Levitt, Founder and Chief Investment Officer of Levitt Capital Management, LLC (“LCM”), a global money management firm catering to wealthy families, announced today that Barron’s magazine named him one of the U.S. top 100 independent financial advisors. The ranking was featured in the August 30 issue of the publication.

“Barron’s Top 100 U.S. Independent Advisors is one of the most prestigious rankings,” commented Mr. Levitt. “I am extremely pleased and honored to be included in this group of highly distinguished professionals.”

“This recognition constitutes an indisputable testimonial to our firm’s talent to identify and capitalize on global investment themes that enable us to achieve two strategic goals for our clients: consistently deliver attractive returns throughout all market phases and preserve capital by adhering to strict risk management and rigorous investment management policies,” Mr. Levitt concluded.

The formula implemented by Barron’s to rank advisors includes three key components: assets under management, revenue generated and quality of practice. The quality-of-practice component includes an evaluation of each advisor’s regulatory record.

Levitt Capital Management also offers onshore and offshore (Cayman Island) limited partnerships through various affiliated companies. The firm is regulated by the U.S. Securities and Exchange Commission and various offshore regulatory agencies.

About Levitt Capital Management, LLC
Founded in 2000, Levitt Capital Management LLC, based in Boca Raton, Florida, is an independent, client service driven boutique wealth manager of over $450 million in AUM, with a $3 million minimum initial investment, offering discretionary investment management for private families. It manages client portfolios across global equities and global fixed income, as well as currencies and commodities, focusing on investment performance, with the goal of absolute positive returns. The firm is regulated by the US Securities and Exchange Commission and offshore regulatory agencies. www.lcmadvisors.com.

About Barron’s
Barron’s is the source that America’s business and financial leaders turn to every week for authoritative market analyses and insights on companies, industries, sectors, the economy and financial markets in the U.S. and around the world. Barron’s has served the stewards of this nation’s wealth by delivering information they need to make astute, profitable decisions about money. Barron’s delivers comprehensive statistics on the preceding week’s trading and financial activities that are unmatched by any other publication, and its feature stories and columns look ahead at what’s likely to happen to companies and to the market.

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Ms. Tennant rejoins LCM to serve as Chief Financial Officer. Her responsibilities will include the execution of the company’s business plan, the coordination of LCM’s key operational functions and the development of the firm’s business strategy.

Ms. Radhakrishnan will serve as Research Analyst and be responsible for fundamental equities research. Additionally, her international work experience and fluency in numerous languages will complement LCM’s multi-cultural investment team.

“Our proven success in identifying unique global economic themes and successfully exploiting them by investing in unrelated companies around the world that naturally converge into and profit from these themes, is a direct function of our ability to attract talented professionals to our multilingual and multicultural team,” said Robert Levitt, LCM’s founder and Chief Investment Officer. “Nikol and Priya’s unique capabilities will enable us to better achieve this goal by helping us meet and exceed our clients’ expectations, while growing our profitability and further building upon the significant progress that we’ve achieved in recent years.”

During her past employment with LCM, Ms. Tennant was instrumental in leading the firm’s growth from a small start-up in 2000 to an award winning wealth advisor in 2010. She also played a key role in the firm’s overall activities, spanning from operations to technology and marketing. Because of this hands-on and in-depth expertise, she rapidly assumed increasingly senior positions within LCM, formerly serving as Chief Operating and Compliance Officer.

Prior to re-joining LCM – after a short voluntary leave to start her family – Ms. Tennant served as Financial Controller of Bank of Florida and was responsible for management reporting, budget support and forecasting.

Nikol holds a Bachelor of Science, and earned a Dual Major in Finance & Accounting from Florida Atlantic University.

According to Ms. Tennant, “I am truly excited about returning to LCM and working with Robert Levitt. I’m delighted to be again part of a firm whose innovative approach to wealth management, distinctive risk management and unwavering commitment to high-touch services are second to none. I very much look forward to making a tangible contribution in my new role.”

As a lead Research Analyst at LCM, Ms. Radhakrishnan will contribute to the firm’s investment process. She’s charged with providing critical intelligence and news on specific stocks and/or events affecting portfolio companies and facilitating the timing and implementation of LCM’s buy and sell decisions. Along with her fluency in several languages, she also brings a wealth of knowledge about South East Asian economies and hands-on research experience on the wide range of companies that comprise them.
“I’m excited and honored to have the opportunity to join a dynamic, astute and passionate wealth management company. I look forward to sharing my international research expertise and knowledge with an incredibly talented group of people and to enabling LCM to further build on its enduring success.”

Prior to joining the firm, Ms. Radhakrishnan was a Senior Research Analyst at Biscayne Advisors Inc. Before that, she was Senior Analyst at Bangalore, India-based Probe Equity Research, an independent equity research firm. In that capacity, she developed extensive earnings and valuations models for nearly 300 Global Companies (based in US, Korea, Japan, Malaysia and China). She also provided lead analytical support to Indian asset management firms and U.S. hedge funds. As part of the management team, she also identified companies at significant discounts to intrinsic value along with proven record of profitability, cash rich and dividend paying capabilities.

She holds a Master of Science (Honors) in Economics and a Master of Management Studies from the Birla Institute of Technology and Science in Pilani Rajasthan, India.

About Levitt Capital Management LLC
Founded in 2000, Levitt Capital Management LLC, based in Boca Raton, Florida, is an independent, client service driven boutique wealth manager of over $450 million in AUM, with a $3 million minimum initial investment, offering discretionary investment management for private families. It manages client portfolios across global equities and global fixed income, as well as currencies and commodities, focusing on investment performance, with the goal of absolute positive returns. The firm is regulated by the US Securities and Exchange Commission and offshore regulatory agencies. www.www.lcmadvisors.com.

Meanwhile Asian markets are surprisingly flat.  Indonesia is soaring again while Hong Kong H shares are mixed. Japan was closed.   The problems seems to stem from Europe where if sovereign debts go bad, so do European banks which are stuffed with them.  And the cost of Greece has risen to $90 billion, Portugal $40 billion, Spain $350 billion yet all of this is already known in the market.  A report in Spain yesterday said unemployment is expected to exceed 20%.   In Greece, they have imposed a 90% tax on all banking and financial services bonuses.  Dividend taxes on portfolios have risen to 40%.  Property taxes are tripling.  I am posting an article on Greece in our Facebook site.  The days of European socialism must be ending soon.  And Greece is at the epicenter as it is one of the weak countries which is trying to impose harsh measures on its population.  Before Asian markets closed rumors were circulating that the IMF and Greece has reached an agreement which is causing a short squeeze in European and Greek trading.

We reduced our remaining Thai position.  The Thai government was not democratically elected and the potential for a crisis is high.

Now  the game for Goldman Sachs is being elevated.  Investigators have found ABACUS securities in the AIG portfolio.  AIG was the way taxpayers funneled billions of dollars directly to Goldman Sachs via the bailout of AIG.  Goldman Sachs should have taken losses from their bets when AIG failed, but instead, and UNDERCOVER, the US taxpayer bailed out Goldman Sachs which then went on to report record earnings and huge bonuses.  The NY Fed is now under investigation which at the time was run by Timothy Geither.  The Federal Government, even if the Congress didn’t, will hopefully get the full story.  And it won’t be pretty for Goldman Sachs and possibly, in the short term, for the markets.  Yet for us, the global stories we invest in have little relationship to the Western bank issues.  At least as far as we can see today.  This investigation story is in the early days.  I am sure it will be captivating to see what really happened as so much of the bank bailouts were done under secrecy.   While I am no fan of Goldman Sachs, I do remind you to be careful for what you wish for.  The unintended consequences of legislation sometimes far exceed the intended ones and the US financial sector has been what has led the country since the tech bust.

The FOMC kept monetary policy unchanged meaning that interest rates in fast growing Asia are unchanged as well.  The bottom line, more fuel for the Asian and emerging market fire.

So much disheartening news this month and markets have still remained resilient.

Yesterday we had a long discussion about the shipping industry with our hired consultant.  We will discuss this again today as we have a conference call with a local Korean brokerage and their shipbuilding analyst.  At this point, the positions in the industry are benefiting from a general upward move in Korea but we do not intend to add to those positions until we see a much stronger move up based on the underlying theme instead of the beta move in the overall market.

We will be posting several new articles re: Goldman Sachs to our facebook page.  GS continued yesterday to decline in value as more and more people are waking up to the disgusting practices of the industry.

Not much should happen today as traders will wait tomorrow’s FOMC outcome.  Then we should see performance gaming into month-end.

I’ve been spending a lot of time reading the historical references to Indonesian economics and politics recently.  The Reformasi by O’Rourke is a terrific  book as is Asian Godfathers (about the entire SE Asia region) which I read recently.  We will continue our preparation for next week’s meetings with Faurecia, Casino and Gemalto in Paris; our presentation for SEBI in Mumbai and the company visits we are doing there; and our Korean shipbuilding theme as we await tomorrow’s FOMC meeting.

The main focus this week for the markets will be Greece, Goldman, FOMC on Wednesday, the economy, April performance gaming, the end of earnings reporting season and the end of the seasonal good period (Nov. – April).   We gave up on our holdings of Greek equities as it was to be a trade which was turning into a long term investment.  While we have no doubt this position will eventually pay off – we have to many other opportunities to invest.

As Gerald Minack of Morgan Stanley Australia says, “It seems Murphy was a reverse indicator: everything that could go right is now going right, at least for the US.  An exceptional reporting season is coinciding with better-than-expected macro data.”

The US is the top performing major world market this year, up 16.5% from February lows.  However, the emerging markets are now outperforming.  Earnings are dominating everything.  With 157 of the S&P500 companies reporting, we are seeing the highest number of companies since, 1992 when data began, beating expectations.

We sold almost all of our positions in Thailand recently with the political situation getting more tenuous.  I may try to make a brief visit their in 2 weeks before our upcoming presentation to the Indian Securities Commission which we will make in person in Mumbai on May 12th.  The “red-shirts” or anti-government demonstrators are seeking to block commerce and force new elections.  The current government was installed by the military.  With nothing occurring legislative wise, there are many necessary pending laws which Thailand needs to enact but can’t.  Stocks in Thailand are very cheap and if the situation clears, we think their will be great opportunities.

Car ownership statistics indicate that less than 5% and 1% of the population in China and India own a car, compared with 74% in the US.  The low penetration of autos in Asia will change radically over the coming years with rising incomes across the region.  Other countries in Asia will follow China in auto growth.  Indonesia, Philippines and India, while lagging China, will also join the fray.  The potential for auto sales in the region over the next 10 years is great.  I will be visiting Faurecia in Paris next week who along with French counterpart Valeo reported surprisingly high earnings.  Valeo was upgraded today by Morgan Stanley with 101% upside to reach its price target.  This long term trend continues to get interesting.  We had hoped to speak with Minth, the Chinese component maker last week while they were in London, but the call was canceled.   We do plan on speaking with Geely this week or next.  Geely’s parent was the one who purchased Volvo this month.

Next Monday I will be live on CNBC at 8:30 Parisian time.

On Monday, we are having a conference call with a consultant from one of the largest ship brokerage operations in the world and a frequent purchases of Korean ships.

Most stock brokers remain negative on Korean shipbuilding. However, their arguments have not included anything that hasn’t been well known in the market for some time.

Inflection points come with new information.