National Investment Managers Inc. Joins Organizations Representing Independent 401(k) Plan Recordkeepers.

NEW YORK -- National Investment Managers Inc. (OTC BB: NIVM), a nationally-operated and regionally-based retirement plan administration and investment management company, and its member companies today announced their charter membership in a new organization called The Council of Independent 401(k) Recordkeepers ("CIKR" - pronounced "kicker"). CIKR's mission is to educate and advocate on issues of particular relevance to independent 401(k) plan Recordkeepers.

Membership in CIKR consists of independent 401(k) plan Recordkeepers (and those companies that provide support to independent Recordkeepers) that provide their services either directly to plan sponsors or through other retirement plan service providers. Unlike other 401(k) plans service providers, CIKR members are not primarily in the business of selling proprietary investment products.

"CIKR will provide National Investment Managers Inc. and its member companies an opportunity to participate in increasingly relevant policy discussions with Congress and the government agencies concerning the disclosure of fees and other recordkeeping issues relating to 401(k) plans," said John Davis, National Investment Managers, Inc. "CIKR is the first organization to solely represent our interests in the 401(k) plan industry."

Steve Ross of NIVM added, "This further enhances our status in the industry. Coupled with our recent notification from the Joint Board for the Enrollment of Actuaries approving our application for recognition as a qualifying sponsor of continuing education programs for Enrolled Actuaries, NIVM is rapidly establishing itself as a leader in helping financial planning professionals keep abreast of the most recent developments in the field. We believe that this will bring us greater opportunity for acquisitions in the coming months, as more and more firms see the benefits of an association with NIVM. As of March 31, 2007, NIVM had $10 Billion in Assets under Administration in 10,000 Plans, and $600 Million in Assets under Management."

The member firms of National Investment Managers provide pension administration services, retirement planning, defined benefit services, asset preservation, general insurance and asset management services. Wholly-owned subsidiaries of National Investment Managers are based in Southington, CT; Marina Del Rey, CA; Jacksonville, FL; Orlando, FL; Boston, MA; North Attleboro, MA; Baltimore, MD; Cherry Hill, NJ; Haddonfield, NJ; New York City, NY; White Plains, NY; Bend, OR; Portland, OR; Blue Bell, PA; Harrisburg, PA; Horsham, PA; Valley Forge, PA; Providence, RI; Houston, TX; and Seattle, WA.

About CIKR

CIKR is a sister organization of the American Society of Pension Professionals & Actuaries (ASPPA). ASPPA will be providing logistical and lobbying support to CIKR.

About National Investment Managers Inc.

National Investment Managers Inc. is a holding company and a consolidator of pension plan administration, investment management and insurance businesses. Its strategy includes a custom-tailored acquisition formula for each acquired business, which allows local and regional entities to retain their autonomy while benefiting from the reach that a national presence offers. National Investment Managers targets businesses with stable cash flows and high operating margins to ensure successful integration of operations once a sale is concluded. Acquired companies continue to operate under their own brands, usually with minimal staff turnover to ensure that relationships of many years' standing are not disrupted. At the same time, these formerly small businesses can cross-sell related financial services under the National Investment Managers umbrella and enjoy administrative and other support from around the country.

Note: This press release is for informational purposes only and is not an advertisement or solicitation related to the performance of actuarial services. In addition, this press release contains statements that are considered forward-looking under the Private Securities Litigation Reform Act of 1995, including statements about the Company's future prospects. They are based on the Company's current expectations and are subject to a number of uncertainties and risks, and actual results may differ materially. The uncertainties and risks include whether the Company is able to raise capital, identify and complete acquisitions, integrate the acquired businesses, improve upon the operations of the acquired business units, and generate cash and profits. Further information about these and other relevant risks and uncertainties may be found in the Company's filings with the Securities and Exchange Commission.