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Pinnacle Holding Company, LLC Acquiring Essex Securities

Syracuse, NY – Pinnacle Holding Co., LLC (Pinnacle), a financial and employee servicing firm
headquartered in Syracuse, NY, announced today that they are in the process of acquiring Essex
Securities, LLC. (Essex). Essex is a broker‐dealer registered with the Securities and Exchange
Commission and a member of the Financial Industry Regulatory Authority (FINRA).

Pinnacle has numerous subsidiaries in the financial services business, including a
registered broker dealer, registered investment advisers, a professional employer organization,
and an insurance agency. Mr. Gregg Kidd, Pinnacle’s CEO, stated “All of us at Pinnacle are
pleased and excited about the acquisition of Essex. Essex is a great fit in our organization as
well as a key step in our continuing national growth strategy. The addition of Essex to the
Pinnacle family creates great synergies for both Essex and many of the Pinnacle companies.
One of the additional assets in the deal is to work closely with Mr. Ted Charles, the CEO of
Essex. Mr. Charles has many years of successfully building companies in the financial services
industry, especially the building and public offering of Investors Capital Corp.”

Essex was established in 1994 and currently has branch offices in 9 states. Mr. Charles
stated “I am pleased to announce our relationship with Pinnacle. This is a very exciting
opportunity for both companies, as well as our employees and agents. With this collaboration
we are able offer our clients enhanced expertise and access to a larger array of investment
opportunities through Pinnacle. We feel that Essex and Pinnacle are two highly compatible
firms. Each holding similar values and philosophies on doing business; providing clients with
the highest standards in personalized service while delivering the best solutions for client’s
individual financial needs.”

The Pinnacle Family of Companies maintains New York offices in New York City,
Syracuse, Auburn, Fayetteville, Rochester, Buffalo and Albany, with additional offices in Connecticut, New Jersey, Massachusetts, Pennsylvania and Florida.

Contact a Pinnacle Financial Advisor
today and let us help you reach the top!