Standard Management Announces The Addition Of Scott A. LaidlawTo The Management Team Of U.S. Health

INDIANAPOLIS, June 3 /PRNewswire-FirstCall/ -- Standard Management Corporation announced the appointment of Scott A. Laidlaw to the newly created position of National Sales and Marketing Director of U.S. Health Services, a wholly-owned subsidiary of Standard Management Corporation.

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Mr. Laidlaw has 23 years experience in the health and pharmaceutical industries. Mr. Laidlaw began his career at American Hospital Supply, currently known as Cardinal Health, where he rose to director of national accounts. Mr. Laidlaw has gained expertise in the health industry -- working in software development, billing, physician networking, merger of four radiology groups, pharmaceutical regulatory compliance and patient safety applications.

Stated Ronald D. Hunter, Chairman of Standard Management Corporation, “After an extensive national search it became evident Scott Laidlaw is capable of executing the business plan developed for U.S. Health Services. The addition of Mr. Laidlaw positions U.S. Health Services as a national company serving the pharmaceutical and medical supply needs of consumers.”

Mr. Laidlaw earned a bachelor of science degree from the United States Coast Guard Academy.

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.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20010416/STANDARDLOGOAP Archive: http://photoarchive.ap.org/PRN Photo Desk, photodesk@prnewswire.comStandard Management Corporation

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

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