Standard Management Announces Appointment Of Martial R. Knieser, M.D. As President Of U.S. Health Services

INDIANAPOLIS, June 3 /PRNewswire-FirstCall/ -- Standard Management Corporation announced the appointment of Dr. Martial Knieser as President of U.S. Health Services, a wholly-owned subsidiary of Standard Management Corporation.

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Dr. Knieser brings a distinguished medical career to the position, as both a businessman and physician, accustomed to directing and marketing a large medical laboratory. Dr. Knieser is a partner in AmeriPath, Inc., and formerly a director of laboratories at Community Hospitals in Indianapolis.

Stated Ronald D. Hunter, Chairman of Standard Management Corporation, “Dr. Knieser brings a wealth of medical expertise and numerous strategic relationships to the Company. We are fortunate to be in a position to attract a person of his caliber and commitment to patient care.” Dr. Knieser stated, “Linking people with strategy and operations will be my first priority.”

Dr. Knieser is a graduate of the State University of New York at Buffalo Medical School and St. Bonaventure University.

Standard Management is a financial holding company headquartered in Indianapolis, IN. U.S. Health Services is a wholly-owned subsidiary of Standard Management also headquartered in Indianapolis. Information about both companies can be obtained by calling the Investor Relations Department at 317-574-5221 or via the Internet at http://www.sman.com/ .

The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 37A of the Securities Exchange Act of 1934, including statements regarding the company’s hopes, beliefs, intentions, or strategies regarding the future. Forward-looking statements include expectation of growth rates, new business, and acquisitions.

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CONTACT: Holbrook Hankinson, Ph.D., EVP - Human Resources andOrganizational Development of Standard Management Corporation,+1-317-574-6215

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