Sir Allen Stanford

Archived May 31, 2006

Santo Domingo, Dominican Republic (May 31, 2006) - Stanford Financial Group presented a check for $60,000 to the Pan American Development Foundation (PADF) today to begin development of a bi-national market along the Dominican-Haitian border. This funding provides for the construction of a safe, clean, and better organized marketplace between the border towns of Elias Piña in the Dominican Republic and Belladère in Haiti. The two governments are contributing in-kind resources totaling almost $40,000, including land donation and engineering support for the construction of the market, bringing the investment in the initiative to almost $100,000.

This is the largest single gift to date from Stanford Financial Group to PADF. Last year, the company funded the development of a pedestrian bridge connecting Haiti and the Dominican Republic, allowing community members to cross the border and avoid passing through a river bed that often floods during rainy periods. Groundbreaking for the new bi-national market is planned for later this summer. The market will greatly improve the lives of at least 5,000 Haitians and Dominicans living along the border who use the Elias Piña-Belladère market. Currently, vendors must cross the border and sell their wares along the sides of the street and in gutters in Elias Piña. This investment will help formalize interaction between border officials while reducing potential for petty crime. Specifically, today’s donation covers the cost of building a perimeter security wall, installing a deep well for potable water, and building the first market shelters.

With its headquarters in Houston, Texas, Stanford Financial Group is a global network of financial companies rooted firmly on an enduring commitment to strengthen every community it serves. Over the last several years, Stanford Financial Group has supported several of PADF’s economic and social development activities in various countries including the reconstruction of the José Martí school in Santa Tecla, El Salvador; the construction of the bi-national pedestrian bridge connecting the Dominican town of Pedernales and the Haitian town of Anse à Pitres and the donation and installation of a power generator in St. George’s General Hospital in Grenada following last year’s hurricane season.

According to R. Allen Stanford, Chairman and CEO of Stanford, partnering with PADF allows the company to carry out its mission to strengthen communities. “We have made it a priority at Stanford to give back and support those initiatives that help build and strengthen communities. The projects carried out by PADF are beautiful examples of how communities - and those who live and work there - can be made better through forward thinking projects supported by public-private partnerships,” he said.

About PADF
The Pan American Development Foundation (PADF) is an international nonprofit organization established in 1962 through a unique partnership between the Organization of American States and private enterprise to promote, facilitate, and implement social and economic development in Latin America and the Caribbean through innovative partnerships and integrated involvement of the private and public sectors. PADF currently has offices in Bolivia, Colombia, the Dominican Republic, El Salvador, and Haiti, and has operated in every country throughout Latin America and the Caribbean.

In the Dominican Republic, PADF is working with over 80 local organizations to build bridges in the border region and encourage private sector participation in development. Funding for the programs comes from the U.S. Agency for International Development (USAID) with additional support form other public and corporate donors.

Archived May 30, 2006

Memphis, TN (May 30, 2006) - Stanford Financial Group has presented St. Jude Children’s Research Hospital with the world’s first commercial VeinViewer™, delivered to a hospital. The presentation was made along with a $6 million gift to support the hospital’s International Outreach Program (IOP).

The VeinViewer™ was developed by Memphis-based Luminetx Corporation and is the only device of its kind to use the combination of infrared light and projection technologies to locate veins and reproduce an exact image that is projected onto the patient, making the process of inserting needles and catheters more efficient and much less traumatic for both patient and clinician. By imaging the vasculature, clinicians have the ability to visualize the location of the target area and observe any movement of the vasculature regardless of a patient’s age, body type or skin tone. The device was recognized by Time magazine as one of the most innovative medical inventions.

This VeinViewer™, with serial number #1, was purchased by Stanford and donated to St. Jude, the world’s premier pediatric cancer research center. Stanford was a lead investor with Luminetx Corporation, a developer and marketer of biomedical technologies founded in 2005 and located in the biotech district of Memphis.

According to R. Allen Stanford, Chairman and Chief Executive Officer of Stanford, this technology is revolutionary, and its ability to reduce the anxiety associated with inserting needles is particularly important for the patients of St. Jude. “This device is an amazing breakthrough in delivering compassionate care, and we believe it’s going to make life a lot easier for both patients and those who take care of them,” Stanford said. “If anybody deserves access to this wonderful device, it’s the brave children of St. Jude. Their heroism and happiness in the face of their own adversity is truly inspiring, and anything that helps lessen their discomfort is a gift that is definitely our pleasure to give.”

In addition to presenting the VeinViewer™, Stanford is also supporting St. Jude’s International Outreach Program (IOP), established 1991. The program partners with more than 16 countries including many South and Central American countries - a region in which Stanford has a significant presence. The IOP’s mission is to improve the survival rates of children with catastrophic illnesses worldwide, through the transfer of knowledge, technology and organizational skills. St. Jude doctors sponsor clinics and training sessions in these countries to share information on treatment options, how to detect diseases, and other medical knowledge.

Mr. Stanford said the gift to the IOP and the gift of the VeinViewer™ are part of the company’s ongoing commitment to support St. Jude. “We have selected St. Jude as our charity of choice, and we will continue to look for opportunities to support the mission that St. Jude is so passionately committed to. We only hope our passion for giving to St. Jude can meet their passion for curing childhood diseases,” he said.

John P. Moses, Chief Executive Officer of ALSAC/St. Jude Children’s Research Hospital, said St. Jude is grateful for the gifts. “We’re very fortunate to partner with Stanford, which has made a generous commitment to support St. Jude on a variety of levels by donating the VeinViewer™, contributing $6 million toward our international outreach efforts, and stepping up to take on the title sponsorship of the Memphis PGA TOUR event,” said Moses. “Stanford recognizes the depth and breadth of what St. Jude is accomplishing, and we are truly appreciative of Stanford’s sincere and generous gifts to the children of St. Jude.”

Archived May 22, 2006

Memphis, TN (May 22, 2006) - The PGA TOUR and Stanford Financial Group unveiled a new name and logo and announced significant enhancements, including a new date and increased purse, for the Stanford St. Jude Championship, as the Memphis stop on the PGA TOUR will be called beginning in 2007.

PGA TOUR officials and executives from Stanford took the opportunity as this year’s FedEx St. Jude Classic kicks offto announce exciting details for next year’s event. While Stanford will assume title sponsorship of the 2007 tournament, the event will still benefit St. Jude Children’s Research Hospital, the world’s premier pediatric cancer research center. FedEx will also continue its longstanding support of the tournament and the community as the presenting sponsor.

After unveiling the logo for the newly titled event, R. Allen Stanford, Chairman and CEO of Stanford, announced the following:

• In 2007, Memphis will have a new date on the PGA TOUR, moving from Memorial Day weekend to occur
  one week prior to the U. S. Open. The Stanford
• St. Jude Championship is set for June 4-10. The new timing increases the likelihood that
  the tournament will attract many of the top international players tuning up for the U.S. Open.
• Next year’s purse will increase to $6 million, making it one of the largest purses on
  the PGA TOUR, and positioning Memphis among the most important stops in the new FedEx Cup season.
• The 2007 Stanford St. Jude Championship, the 50th anniversary of the tournament, will be
  played at the Tournament Players Club Southwind. Organizers are planning several anniversary
  celebrations to commemorate the history of the event and its support of St. Jude.

Mr. Stanford said the sponsorship fits nicely with the company’s community investment priorities and its goal to secure strategic marketing opportunities.

“We’re so glad to partner with the PGA TOUR, the premier sports marketing brand in the world, and at the same time support a charity that means so much to the children of the world,” said Stanford. St. Jude Children’s Research Hospital represents the best of what can be accomplished when individuals and corporations are good stewards of their resources and are committed to making a true difference. It is for this reason St. Jude has become the Stanford corporate charity of choice, and we’re honored to become title sponsor of this important event in 2007. From a co-branding perspective, the PGA TOUR represents the qualities that we at Stanford hold in high esteem - honor, integrity and an unwavering commitment to excellence,” he said.

According to Henry Hughes, Chief of Operations for the PGA TOUR, the Stanford St. Jude Championship will build on what is already a strong event.

“We thank FedEx for their wonderful support of this event over the years and for their continued involvement going forward, and are delighted to welcome Stanford to the PGA TOUR family. We are truly excited about their commitment to further elevate the tournament in 2007 and beyond,” Hughes said.

“We’re putting elements in place that will enhance the experience for both players and fans,” said Phil Cannon, Tournament Director. “You’ll see new hospitality elements introduced that will make this event a ‘must’ for the corporate audience. A lot of planning and innovative ideas are being brought forth to carry this tournament forward, and coupled with being an integral part of the new FedEx Cup competition in 2007, I have no doubt the tournament will be spectacular.”

John P. Moses, CEO of ALSAC/St. Jude Children’s Research Hospital welcomed Stanford to the St. Jude family. “With Stanford becoming the title sponsor of the tournament, I am certain it will continue to be one of the marquee company charity events on the PGA TOUR,” said Moses. “Thank you FedEx for 21 years and we appreciate your continued support as presenting sponsor. I look forward to working closely with Stanford as title sponsor of the event. I appreciate them for embracing the St. Jude mission of finding cures and saving children with cancer and other catastrophic illnesses.”

About Stanford
The Stanford Financial Group of Companies is a global network of privately held, wholly owned financial service companies providing a wide range of coordinated wealth management and institutional services, including investment advisory services, trust administration, international private banking, tangible asset management, merchant banking, investment banking, equity and policy research, institutional sales and trading, commercial banking and insurance. The Stanford network employs approximately 3,000 professionals who serve clients in 102 countries in North and South America, the Caribbean and Europe. Securities products and services offered through Stanford Group Company, member NASD/SIPC. More information on the company can be found at www.stanfordfinancial.com

About the PGA TOUR
The PGA TOUR is a tax-exempt membership organization of professional golfers. Its primary purpose is to provide competitive earnings opportunities for past, current and future members of the PGA TOUR, Champions Tour and Nationwide Tour; to protect the integrity of the game; and to help grow the reach of the game in the U.S. and around the world. In 2006, the three Tours will compete in nearly 120 events for approximately $325 million in prize money. Tournaments will be held in eight countries outside the U.S. and in 38 states.

In addition to providing competitive opportunities for its membership, TOUR events also generate significant funds for local charities. In fact, the three Tours reached the $1 billion mark in overall charitable contributions in late 2005. The PGA TOUR’s web site address is www.pgatour.com, and the company is headquartered in Ponte Vedra Beach, FL.

About St. Jude Children’s Research Hospital
St. Jude Children’s Research Hospital is internationally recognized for its pioneering work in finding cures and saving children with cancer and other catastrophic diseases. Founded by late entertainer Danny Thomas and based in Memphis, Tenn., St. Jude freely shares its discoveries with scientific and medical communities around the world. No family ever pays for treatments not covered by insurance, and families without insurance are never asked to pay. St. Jude is financially supported by ALSAC, its fund-raising organization. For more information, please visit www.stjude.org.