Southern Trust Securities Holding Corp. Names Fernando Fussa As Chief Financial Officer.

MIAMI -- Southern Trust Securities Holding Corp. ("STS") (Pink Sheets:SOHL), a financial services holding corporation, announced today that Fernando Fussa has been named Chief Financial Officer ("CFO") of STS as well as the CFO of Capital Investment Services, Inc. ("CIS"), STS's wholly-owned registered broker-dealer and investment banking firm.

Mr. Fussa was previously the CFO of a division of Citigroup - International Personal Banking. Prior to that, Mr. Fussa was the Controller, Assistant Secretary and Vice President of UBS Financial Services Inc. of Puerto Rico, a wholly-owned subsidiary of UBS AG, a position he held for ten years. Mr. Fussa has over 15 years experience in the financial services industry and has been a CPA since 1985.

Mr. Robert Escobio, the Chief Executive Officer of STS and CIS, commented, "We are very excited to have Fernando join us. As we are a new public company, Fernando's main responsibilities will be to oversee compliance with all of the financial and regulatory aspects of our business. With his extensive experience in finance, accounting and regulatory areas, Fernando will help us in establishing and maintaining control over the financial and regulatory side of our business."

Mr. Fussa stated, "I am excited to be part of the STS team, and I am sure that with the talented people we have in our organization, we will continue to grow in significance as a financial services company. I also believe STS has the opportunity to expand rapidly through its core broker-dealer, asset management and investment banking businesses. We will be looking aggressively at acquisition opportunities in all segments of our business while maintaining a steady internal growth strategy."

STS, based in Coral Gables, Florida, is a holding company formed in 1998, that has two wholly-owned subsidiaries: Capital Investment Services, Inc. ("CIS") and CIS Asset Management ("CISAM"). CIS is a registered broker-dealer and investment banking firm and CISAM is a registered investment advisory services firm. CIS has been in operations since 1999.

Forward-Looking Statements

This press release contains forward-looking statements, such as statements regarding the growth and growth strategy in the industry in which STS and its subsidiaries operate. The forward-looking statements contained in this press release are subject to other risks and uncertainties. STS assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.