Larry Doyle Joins Greenwich Investment Management as President and Chief Operating Officer -- Will Extend the Rieger Strategy(SM) for High Current Yield, Low Volatility, Tax-Advantaged Investment Returns

GREENWICH, Conn., July 29 /PRNewswire/ -- Greenwich Investment Management, Registered Investment Advisors, today announced that Lawrence W. Doyle has been appointed President and Chief Operating Officer.  L. George Rieger, head of the firm and developer of the Rieger Strategy(SM) for high yield, low risk tax-advantaged wealth creation, made the announcement and continues full time as GIM's Chairman, CEO and Chief Investment Strategist.

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Mr. Doyle in accepting the new position said "I am delighted to join the GIM team as I believe the future for the firm is one of tremendous opportunity. GIM's investment strategy and overall approach to higher return, low volatility, tax-advantaged wealth management is very much in sync with what more and more American investors are looking for."

Mr. Doyle went on to say "Given the uncertainty in the economy, the uncertainty in the markets and the lack of trust that investors feel towards so many financial intermediaries, Greenwich Investment Management is positioned as a compelling alternative. Every serious investor, in my view, should have a significant portion of his or her assets invested under GIM's Rieger Strategy(SM)."

Mr. Rieger stated, "I am very pleased that Larry Doyle has chosen to join Greenwich Investment Management at this time. Larry brings exceptional leadership abilities and broad knowledge of the financial markets. His depth of experience in the market and focus on the fixed income sector will accelerate our move to the next level of growth in assets under management and continue to support our clients' performance expectations. His financial world view is remarkably parallel to what has successfully guided our investment strategy over many years."

Mr. Doyle, reflecting on his multi-month dialog with George Rieger that led to his decision to join GIM, stated, "I call what George Rieger has done 'the Road Less Traveled,' because, over a few decades, George has been able to generate consistent, high yield returns without the volatility or the excessive risk that typically comes with playing the Wall Street game — the chase of the hot sector, the frenzy of in and out trading or the utilization of leverage — all of which are designed to help Wall Street generate more fees from investors' pockets. In contrast, George takes 'the Road Less Traveled,' protecting the client at all costs... with prudent, disciplined yet high yield, risk-adjusted returns... and that makes all the difference."

Commenting on the new President's industry background, Mr. Rieger noted, "Larry's entire career on Wall Street has required his deep understanding and evaluation of risk — balanced with an excellent fundamental and technical sense of what is driving the market. Larry has believed for some time, as GIM has, that the financial environment is potentially toxic to asset owners. After 25 years on Wall Street, he separated himself from the market as he witnessed speculative, highly leveraged investments being increasingly recommended to clients. Soon afterwards he started his new focus as a financial commentator with his widely acclaimed website SenseOnCents.com. Larry agrees with our guiding philosophy that the primary objective in the management of wealth is first to protect and then enhance the total value of that wealth."

Mr. Rieger indicated that Larry Doyle as President and COO will be responsible for leading the firm's Portfolio Management, Fixed Income, Equity and New Business units.  He noted, "Larry will play a key role in keeping GIM in the public eye and he looks forward to dialog with all interested parties."  Mr. Doyle will continue his web presence via his website and blog SenseOnCents.com — supporting GIM and the Rieger Strategy(SM) to become better known and to continue the firm's record of robust growth.

With Larry Doyle on board, Mr. Rieger as Chairman and Chief Investment Strategist will concentrate his time on development of new, tax exempt bond issues, portfolio strategy and client engagement.

For information about Greenwich Investment Management and its new President Larry Doyle go to http://dl.dropbox.com/u/342259/54d-gim1001-Press-Release-Attachment_0016.doc

General Disclaimer

Greenwich Investment Management, Inc. ("GIM") is registered with the Securities and Exchange Commission as an Investment Advisor. This Press Release is provided solely for informational purposes and it does not constitute a complete description of the investment services offered by GIM or performance results achieved by GIM. This Release is not a solicitation or offer to sell securities or investment advisory services, except where applicable, in states where we are registered or where an exemption or exclusion from such registration exists. Information presented throughout this Release has been obtained from sources that GIM and our vendors believe to be reliable, but GIM does not warrant or guarantee the timeliness or accuracy of this information. Nothing contained in this Release should be interpreted to state or to imply that past results are an indication of future performance. Neither GIM, nor our information providers shall be liable for any errors or inaccuracies, or the lack of timeliness of, or for any delay or interruption in the transmission hereof to the user. THERE ARE NOT WARRANTIES, EXPRESSED OR IMPLIED, AS TO THE ACCURACY, COMPLETENESS OR RESULTS OBTAINED FROM ANY INFORMATION INCLUDED IN THIS RELEASE.

SOURCE Greenwich Investment Management