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June 27, 2006

Mooring Financial Corporation CEO Awarded Ernst & Young Greater Washington Entrepreneur of the Year

Vienna, VA - June 27, 2006 - John Jacquemin, President, CEO and founder of Mooring Financial Corporation, has been awarded the Ernst & Young 2006 Greater Washington Entrepreneur of the Year Award. Jacquemin received the top honor within the Financial Services/Real Estate category. The Ernst & Young Entrepreneur of the Year Award recognizes professionals in the Greater Washington, DC area who have demonstrated excellence and extraordinary success in innovation, financial performance and personal commitment to their businesses and communities. Jacquemin was selected by an independent panel of judges comprised of local businessmen and women. The award was presented June 22 at Ernst & Young’s awards program at The Ritz-Carlton Hotel in Tysons Corner, Virginia.

“I am very honored to be recognized by Ernst & Young in its 2006 Greater Washington Entrepreneur of the Year awards program,” said John Jacquemin. “I also want to congratulate the other award recipients and all finalists in this year’s program.”

Mooring Financial Corporation, headquartered in Vienna, VA, is a specialty finance company that owns, manages and services real estate tax liens, commercial loans, real estate and other specialized investments. The firm has completed over $1.5 billion of transactions since inception in 1982 and has grown to one of the largest real estate tax lien purchasers in the U.S.

Prior to starting the company, Mr. Jacquemin worked for Coopers & Lybrand as a management consultant for two years, and subsequently became chief financial officer for CFC Corporation in Pennsylvania, where he spent five years. Jacquemin serves on the Board of Directors of Penn National Gaming, Inc., a NASDAQ-listed company in Reading, PA. Actively involved within the Greater Washington, DC community, he is president of the Jacquemin Family Foundation, which provides educational and artistic opportunities for disadvantaged local area children. Jacquemin also serves on the Board of Directors of The Wolf Trap Foundation for the Performing Arts.

About Mooring Financial Corporation

Mooring Financial Corporation is a specialty finance company that owns and manages over $350 million in financial assets. These include commercial loan portfolios, property tax liens, real estate and other specialized investments. Mooring Financial Corporation includes Mooring Capital Fund, a private, closed-end fund that operates similarly to a mortgage REIT, Mooring Tax Asset Group, a leading investor and servicer of property tax liens in 22 states, and Mooring Secured Liquidity Fund, established to provide investors a higher yield alternative to money market funds. Mooring Financial Corporation is headquartered in Vienna, Virginia. For more information please visit www.mooringfinancial.com

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