BALTIMORE, MARYLAND - MAY 27, 2008 - Nationally-recognized research analyst Richard A. Church is joining The Adams Express Company (NYSE:ADX) as a technology analyst. Mr. Church was recently ranked as one of the 10 top-performing analysts in this year's "Best on the Street: 2008 Analysts Survey" by The Wall Street Journal (May 19, 2008). He was also ranked first in the Telecommunications Equipment Subcategory.
Doug Ober, Chairman and CEO, says "Rich Church is a strong addition to our research staff, bringing a wealth of industry and company-specific knowledge to our stock selection process. We look forward to working closely with Rich in bringing new technology investments into the portfolio."
Prior to joining the Company, Mr. Church was a senior equity analyst with Collins Stewart, LLC (formerly C.E. Unterberg, Towbin) and focused on telecommunications equipment, data networking and software companies. Prior to that, he held securities analyst positions with Wachovia Securities, BT Alex. Brown, and Merrill Lynch. Prior to his career on Wall Street, he was a Senior Associate in the Communications, Computing and Electronics practice at Booz, Allen & Hamilton and a Systems Analyst at IBM.
Mr. Church received his undergraduate degree from the University of Maryland and his MBA from the Yale School of Management.
Adams Express is a Baltimore-based closed-end investment company. It is traded on the New York Stock Exchange and its symbol is ADX.
* * * * * * * * * * * * * * * * *
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
For your convenience, all Press Releases are posted to our website. If you would like to receive future Press Releases by fax or e-mail, please contact us.