August 6, 2008

To Our Customers and Business Associates:

I am pleased to announce that I have named Mark Medford as President and CEO of Vining Sparks. I will continue to serve as Chairman and hope to see you at our fall seminar series.

I have known Mark for more than 20 years. He was managing partner of KPMG who has been our auditor for over 20 years. Mark has been an executive in our industry for the past eight years. Mark will continue the certainty of independence, growth and the culture of Vining Sparks.

Below are links to related pages and articles:

Vining Sparks Press Release
Memphis Business Journal
Memphis Commercial Appeal
Mark Medford Biography

Please contact me if you have any questions.

Sincerely,

James L. Vining
Vining-Sparks IBG, L.P.
775 Ridge Lake Boulevard • Memphis, Tennessee 38120
(800) 829-0321 • (901) 766-3000
Member FINRA/SIPC