BALTIMORE, MARYLAND - MARCH 31, 2008 - David D. Weaver, CFA, has been elected Executive Vice President of The Adams Express Company (NYSE:ADX), effective April 1, 2008.
Mr. Weaver joined Adams Express in May 2004 as a research analyst covering the industrials and consumer-discretionary sectors of the Fund. In January 2007, he was promoted to Vice President-Research. Prior to joining the Company, he was an analyst with Legg Mason Wood Walker, Inc. in Baltimore.
"David is a first-rate securities analyst and has demonstrated the type of skills we look for in our Portfolio Managers. We are confident that he will build upon those strengths as part of the portfolio management team," says Douglas Ober, Chairman and CEO of the Company.
Mr. Weaver received his undergraduate degree from Western Maryland College (now McDaniel College) and a M.S. degree in Business/Finance from The Johns Hopkins University. He is a Chartered Financial Analyst and a member of the Baltimore Security Analysts Society.
"I am thrilled to have the opportunity to become involved in managing the portfolio. I look forward to having an increased role in the future of this long-standing investment company," says Mr. Weaver.
The Adams Express Company is a Baltimore-based closed-end investment company. It is traded on the New York Stock Exchange and its symbol is ADX.
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For further information, please contact:
Joseph M. Truta, President
Lawrence L. Hooper, Jr., Vice President, General Counsel & Secretary
at (410) 752-5900 or (800) 638-2479
E-mail: contact@adamsexpress.com
Website: www.adamsexpress.com
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