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For Immediate Release:

For additional information contact:
Tedd M. Alexander III
Managing Member
410.244.6200
www.credocm.com

Credo Capital Management Hired by Major U.S. Financial Institution

Baltimore, Maryland, February 8, 2007 — Credo Capital Management announced today a major financial institution hired the firm to manage a Mid Cap Growth mandate. Initial funding for the new account is $5 million. Credo founder and portfolio manager, Tedd M. Alexander III said, “Our goal is to consistently deliver outstanding performance to our clients over time – through all economic and market climates. Forming this relationship marks a significant milestone for us. It stands as a testament to the quality of investment process, compliance effort, and client service we, as a firm, have created and I believe bodes very well for what Credo is capable of achieving in the future.”

About Credo Capital Management

Founded in 2004, Credo Capital Management provides investment advisory services to institutional clients. Headquartered in Baltimore , Maryland , Credo Capital Management, LLC is registered as an Investment Advisor under the Maryland Securities Act. For more information on Credo Capital Management, visit www.credocm.com.