Summit Financial Services Group Inc. Announces unaudited consolidated earnings Results for the third quarter and Nine-Months Ended September 30, 2009. For the quarter, the company reported revenues of $12,663,532, which represented an increase of $3,855,561, or 44%, from the $8,807,971 in revenues reported for the three-month period ended September 30, 2008. For the 2009 Quarter, the Company reported net income of $102,812, or a decrease of 32% from net income of $151,040 reported for the 2008 Quarter. EBITDA, as adjusted, declined during the 2009 Period to $912,617 from $1,173,879 reported for the 2008 Period. Income before income taxes was $324,916 against $252,112 for the same period a year ago. For the nine-month period ended September 30, 2009, the Company reported revenues of $30,941,787, which represented an increase of $4,843,552, or 19%, from the $26,098,235 in revenues reported for the nine-months ended September 30, 2008 (the '2008 Period'). For the 2009 Period, the Company reported net income of $106,112, or a decrease of 70% from net income of $353,077 reported for the 2008 Period. Success in recruiting an increasing number of advisors has translated into significant revenue growth for both the three- and nine-month periods. Furthermore, EBITDA, as adjusted, which company consider a significant measure of success, increased during the 2009 Quarter to $520,367 compared with $430,176 for the 2008 Quarter. Income before income taxes was $328,216 against $565,477 for the same period a year ago.

Summit Financial Services Group Inc., Annual General Meeting, Nov 05, 2009, at 11:00 US Eastern Time. Location: Akerman Senterfitt, 350 East Las Olas Boulevard, 16th Floor, Ft. Lauderdale, FL 33301, United States. Agenda: To elect five members to the board of directors to hold office until the next annual meeting of shareholders or until their successors are duly elected and qualified; to ratify the appointment of Moore Stephens Lovelace, P.A., as the independent registered public accounting firm for the fiscal year ending December 31, 2009; and o transact such other business as may properly come before the annual meeting and any adjournments or postponements there of.

Summit Financial Services Group Inc. reported unaudited consolidated earnings results for the second quarter and first six months ended June 30, 2009. For the quarter, the company reported net income of $89,421 on revenues of $10,200,248 against net income of $149,773 on revenues of $8,566,221 in the same period of last year. Income before income taxes was $89,421 against $255,340 in the same period of last year. EBITDA, as adjusted was $264,830 against $434,202 in the same period of last year. For the first six months ended June 30, 2009, the company reported net income of $3,299 or $0.00 per diluted share on revenues of $18,278,256 against net income of $202,037 or $0.01 per diluted share on revenues of $17,290,264 in the same period of last year. Income before income taxes was $3,299 against $313,364 in the same period of last year. EBITDA, as adjusted was $392,250 against $743,337 in the same period of last year.