SOURCE: JHS Capital Holdings, Inc.

December 17, 2009 09:00 ET

JHS Capital Holdings Acquires a Subsidiary of Gunn Allen Holdings

TAMPA, FL--(Marketwire - December 17, 2009) - JHS Capital Holdings, Inc., a holding company formed by John H. Sykes, founder of Sykes Enterprises Incorporated, announced today that it has purchased independent financial services firm Pointe Capital, Inc. ("Pointe" or "Pointe Capital"), a former subsidiary of Gunn Allen Holdings, Inc. ("Gunn Allen"). The final agreement was approved by The Financial Industry Regulatory Authority (FINRA) on December 11, 2009. Pointe was founded in Boca Raton, FL in 2004 and is registered in all 50 states. The firm has grown to over 100 independent financial advisors serving institutional and retail clients.

"Since its inception nearly six years ago, Pointe Capital has been built on the expertise of seasoned industry veterans with a mission of helping clients achieve their financial goals through unbiased advice. We look forward to the Pointe organization to be the foundation of our future growth. At the same time, we wish success to Gunn Allen in its future endeavors," stated John H. Sykes, Chairman of the Board, JHS Capital Holdings, and whose investment group continues to be the majority shareholder in Gunn Allen.

Paul Richardson, CEO and co-founder of Pointe Capital, said, "The acquisition of Pointe with the combined vision of JHS Capital provides the important aspects of choice, flexibility and independence for a retail brokerage operation. Through our partners and platforms, we are in a position to better serve the needs of those providing and receiving brokerage services."

For more information regarding JHS Capital, please contact Carol Graumann at 973.732.3521 or carol@jcprinc.com.

For more information regarding Gunn Allen, please contact David Levine at 813.282.0808 or dlevine@gunnallen.com.

About JHS Capital Holdings

JHS Capital Holdings is a financial services enterprise founded on the core values of ethics, integrity and superior client service. John H. Sykes founded the business in 2009, headquartered in Tampa, Florida, with the mission of delivering high-touch and personalized service for individual investors nationwide. JHS Capital is a strong proponent of offering a client-centric approach to financial services that combines unbiased advice with sophisticated financial solutions for the mass affluent marketplace. With a commitment to providing superior service and comprehensive offerings, JHS Capital raises the bar for industry distinction.

About Gunn Allen Holdings

GunnAllen Holdings, Inc., a Florida corporation ("GAH"), is a holding company engaged in securities brokerage, securities trading, investment banking, and money management activities through its wholly owned subsidiary GunnAllen Financial, Inc. Additionally, GAH has two additional subsidiaries, GAF Insurance Services, Inc., a Florida corporation, which serves as an insurance broker for insurance products offered and sold through GunnAllen Financial, and GunnAllen Tax Services, a Florida corporation which offers tax preparation, estate and trust services.

About Pointe Capital www.pointecapital.com

Pointe Capital is an organization built on the expertise of Wall Street industry veterans. Our seasoned institutional and retail professionals, from coast to coast, are committed to providing all of our clients with expert financial advice and unbiased recommendations. Paul Richardson and Daniel Levene founded Pointe Capital in 2004. The firm was founded to assist individuals, families, and institutions with every aspect of their financial lives. Headquartered in Boca Raton, Florida, Pointe Capital is registered in all 50 States, as well as being a member of the Financial Industry Regulatory Authority (FINRA) and Securities Investors Protection Corporation (SIPC).

Contact Information