Firm shows strength, stability via consecutive quarterly profits  

Lynnfield, Mass. (November 16, 2009) – Investors Capital Holdings, Ltd. (NYSE Amex: ICH), a financial services holding company, posted net income of $0.21 million for its second fiscal quarter ended September 30, 2009 (“the quarter”) versus a net loss of $0.49 million for the comparative quarter ended September 30, 2008 (“prior period”).

“Prudent spending and effective cost cutting were primary catalysts in the financial turnaround,” said Timothy B. Murphy, President and Chief Executive Officer of Investors Capital Holdings, Ltd. “For the second quarter in a row, we’ve managed to generate a profit in a market that has depressed total revenues for Investors Capital and other firms in our space.”

Total revenues declined 18.0% to $18.9 million for the quarter, from $ 23.1 million in the prior period. The firm decreased total operating expenses 28.3% to $3.4 million for the quarter from $4.7 million in the prior period, posting operating income of $0.43 million for the quarter versus an operating loss of $0.24 million for the prior period.

Adjusted EBITDA is a key metric utilized by the firm in evaluating its financial performance . For the second quarter, adjusted EBITDA was $0.59 million compared to $0.10 million for the prior period.

“New advisor interest in Investors Capital has been strong and recruiting has been very robust, a testament to our unique brand as well as the promise of the independent channel,” said Mr. Murphy. “Achieving our corporate goals for profitability and service is compelling evidence that Investors Capital is well-positioned to capitalize on its potential in the years to come.”

Click here to view PDF of Investors Capital Holdings' second quarter results.

About Investors Capital Holdings, Ltd.:
Investors Capital Holdings, Ltd. (NYSE AMEX:ICH) of Lynnfield, Massachusetts is a diversified financial services holding company that operates primarily through its independent broker/dealer and investment advisor subsidiary, Investors Capital Corporation.

Our mission is to provide premier, concierge-level service and support to our valued registered representatives, including advisory programs, strategic practice management and marketing services, and time-saving technology, to help them grow their businesses and exceed their clients’ expectations.

Business units include Investors Capital Corporation, ICC Insurance Agency, Inc., and Investors Capital Holdings Securities Corporation. For more information, please call (800) 949-1422 x4814 or visit www.investorscapital.com.