JMP Securities Adds Senior Investment Banker To Technology Group
Jeffrey Johnson Joins Investment Bank as a Managing Director

SAN FRANCISCO, May 17, 2006 - JMP Securities LLC, a research-driven, full-service investment bank serving growth companies and their investors, announced today that Jeffrey Johnson has joined the firm's investment banking group as a managing director covering the industrial technology space.

"In adding Jeff Johnson, we continue to build out JMP's technology investment banking platform," said Co-Director of Investment Banking Carter Mack. "Jeff comes to JMP with an impressive background and will oversee JMP's industrial technology banking effort. His focus on innovative businesses that develop solutions for industrial applications will complement our existing software, hardware and Internet practices, adding momentum to a technology franchise that has had great success already in 2006."

Prior to joining JMP Securities, Mr. Johnson founded and managed JCJ Capital, a firm providing financial advisory services and asset-based financing to growth companies. From 1998 through 2002, he was a managing director at Dresdner Kleinwort Wasserstein. Mr. Johnson previously led the east coast technology mergers and acquisitions effort at Cowen & Co. and has also held investment banking roles at Lehman Brothers and L.F. Rothschild & Co.

JMP Securities LLC is a full-service investment bank providing equity research, institutional brokerage and investment banking services to public and private growth companies and their investors. Headquartered in San Francisco, JMP Securities serves six growth industries: Technology, Healthcare, Consumer, Real Estate, Financial Services and Business Services. For more information, visit www.jmpsecurities.com.

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