WINS Wins Financial Holdings Inc

SM&A (NASDAQ:WINS) Chairman Dwight L. Hanger announced today that the company�s Board has received the following letter from SM&A�s most senior proposal managers expressing �unqualified support� for the company�s current directors and its leadership team headed by Cathy McCarthy, President and Chief Executive Officer.(a) The employees note in the letter that they sent it without solicitation and that they �are significant shareholders, as well as the holders of SM&A�s tradition of excellence.� �We are gratified that our key leaders�took it upon themselves to send such a wonderfully supportive letter,� Mr. Hanger said. �This shows they understand that the company is finally on the right track.� � To: SM&A Board of Directors c/o Dwight Hanger: Dwight.Hanger@smawins.com � � We the undersigned SM&A proposal managers wish to express our unqualified support for Mrs. Cathy McCarthy, her corporate leadership team and current board of directors. Together we agree that any further change of management at this time could damage the viability of our company and its stock price. This management team took control less than a year ago and to replace them would disrupt operations by continuing senior management changes we have been experiencing over the past 18 months. � We feel Mrs. McCarthy, her team, and this board developed a comprehensive strategic plan and are most qualified to guide us along its path toward financial growth, providing long-term benefit to all shareholders. Through directing the development and implementation of this plan, Mrs. McCarthy has demonstrated that she understands what it takes to make SM&A grow while increasing long-term shareholder value. � We represent the heritage that this company's reputation was built upon and have worked with both the past and present SM&A leadership. We are significant shareholders, as well as the holders of SM&A's tradition of excellence. � Please note, this letter is offered by SM&A's largest revenue generators, our most senior and tenured proposal managers. It is forwarded without solicitation from, or knowledge of Cathy McCarthy, her leadership team or any of the SM&A Board of Directors. � Respectfully signed: � 1. Richard Agopsowicz � 2. Mike Bibby � 3. Pat Cosimano � 4. George Coutoumanos � 5. Rick Darco � 6. Erich Feigel � 7. David Folts � 8. Bob Gurin � 9. Holly Hope � 10. Pete Hunter � 11. Herb Iburg � 12. Bob Ingersoll � 13. Lee Manthei � 14. Charles Meyers � 15. Alan Moffatt � 16. (b) Carl Molitor � 17. Marty Noel � 18. Phyllis Paris � 19. Margie Power � 20. Johanna Purvis � 21. Thomas Roomsburg � 22. John Skiffington � 23. Laurence Van Dolsen � � (b) Not a shareholder � � Acting on behalf of the above signatories. � George Coutoumanos george.coutoumanos@smawins.com SM&A Senior Vice President � (a) Permission to quote and reprint this letter was neither sought nor obtained. � � � We urge you to Vote your White Proxy Card today to re-elect your current Board and empower them to continue to guide SM&A to future success. � The Stockholder meeting will be on Friday, May 23, 2008 with stockholders of record as of April 9, 2008 eligible to vote. � If you have any questions or need assistance in voting, contact MacKenzie Partners, Inc. Toll-Free: (800) 322-2885 winsproxy@mackenziepartners.com � � Please discard and do not sign any gold proxy cards sent to you by Myers. � About SM&A SM&A is the world's foremost management consulting firm providing leadership and mentoring solutions to PLAN for business capture, WIN competitive procurements and profitably PERFORM on the projects and programs won. Our proven processes, people and tools have delivered significant top-line and bottom-line growth across markets, products and services. From the largest aerospace and defense contractors, through the major software providers, to healthcare and financial/audit service providers, SM&A is the partner many companies turn to WHEN THEY MUST WIN. All stockholders of SM&A are advised to read the definitive proxy statement and other documents related to the solicitation of proxies by SM&A for use at the 2008 annual meeting of stockholders of SM&A. They contain important information regarding the election of directors and other matters. The definitive proxy statement and form of proxy have been mailed to stockholders of record of SM&A along with other relevant documents. They are available at no charge on the SEC�s website at http://www.sec.gov In addition, SM&A will provide copies of the definitive proxy statement without charge upon request. Some statements made in this news release refer to future actions, strategies, or results that involve a number of risks and uncertainties. Any number of factors could cause actual results to differ materially from expectations, including a shift in demand for SM&A's Competition Management and Program services; fluctuations in the size, timing, and duration of client engagements; delays, cancellations, or shifts in emphasis for competitive procurement activities; declines in future defense, information technology, homeland security, new systems, and research and development expenditures, and other risk factors listed in SM&A's SEC reports, including the report on Form 10-K for the year ended December 31, 2007. Actual results may differ materially from those expressed or implied. The company does not undertake any duty to update forward-looking statements.