GAMCO Investors To Establish Research And Investment ... - Gabelli

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E P<br />

P M<br />

S V<br />

MANAGEMENT<br />

CASH FLOW<br />

RESEARCH<br />

<strong>GAMCO</strong> <strong>Investors</strong>, Inc.<br />

For Immediate Release Contact: Douglas R. Jamieson<br />

President and Chief Operating Officer<br />

(914) 921-5020<br />

For further information please visit<br />

www.gabelli.com<br />

<strong>GAMCO</strong> <strong>Investors</strong> to <strong>Establish</strong><br />

<strong>Research</strong> <strong>And</strong> <strong>Investment</strong> Beachhead in Asia<br />

Former Analyst Rejoins Firm <strong>To</strong> Spearhead Effort<br />

Rye, New York, June 28, 2007 – <strong>GAMCO</strong> <strong>Investors</strong>, Inc. (NYSE:GBL) today announced that<br />

former institutional analyst Chong-Min Kang has re-joined <strong>Gabelli</strong> Securities, Inc. to establish<br />

the firm’s first physical presence in Asia. He will focus on research and on identifying<br />

alternative investment opportunities throughout Japan, Korea and China. The firm is still<br />

considering where in the region the office will be based.<br />

While <strong>GAMCO</strong> has already been investing in Asia through its products such as the<br />

Global Growth Fund and our Japanese equities partnerships, this move illustrates <strong>Gabelli</strong>’s<br />

commitment to following industries and companies around the globe for its clients, the firm said,<br />

and specifically reflects the tremendous growth opportunities associated with the emergence of<br />

new consumer-oriented cultures throughout the eCRIB TM (China, Russia, India, Brazil).<br />

“With the growth of Asia markets and the increasing investment opportunities across a<br />

whole spectrum of sectors in which GBL has proven research and investment competency, this is<br />

a particularly good time for us to have someone knowledgeable on the ground,” said Mario J.<br />

<strong>Gabelli</strong> of <strong>GAMCO</strong>. “Chong-Min is very familiar with the value investing approach that is the<br />

core of what we offer and will bring that sensibility to his work in Asia. We are delighted he has<br />

returned to lead this effort.”<br />

Mr. Kang originally joined <strong>Gabelli</strong> & Company in 2004 as an institutional research<br />

analyst covering the global beverages industry. He has spent the past twelve months as an<br />

owner/consultant of several family-owned businesses in the United States.<br />

“I am pleased to have the opportunity to establish a research and investment presence for<br />

<strong>Gabelli</strong> in the Far East,” said Mr. Kang. “This opportunity combines my operational skills with<br />

the value investment research approach that I pursued during my first tenure at <strong>Gabelli</strong>.”<br />

Mr. Kang is a graduate of Columbia University Graduate School of business where he<br />

earned his MBA following his undergraduate studies at Boston College.

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<strong>GAMCO</strong> <strong>Investors</strong>, Inc., through its subsidiaries, manages private advisory accounts<br />

(<strong>GAMCO</strong> Asset Management Inc.), mutual funds and closed-end funds (<strong>Gabelli</strong> Funds, LLC),<br />

and partnerships and offshore funds (<strong>Gabelli</strong> Securities, Inc.). As of March 31, 2007, <strong>GAMCO</strong><br />

had approximately $29.4 billion in assets under management.<br />

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statements give our current expectations or forecasts of future events. You can identify these statements<br />

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any discussion of future operating or financial performance. In particular, these include statements relating to future<br />

actions, future performance of our products, expenses, the outcome of any legal proceedings, and financial results.<br />

Although we believe that we are basing our expectations and beliefs on reasonable assumptions within the bounds of<br />

what we currently know about our business and operations, there can be no assurance that our actual results will not<br />

differ materially from what we expect or believe. Some of the factors that could cause our actual results to differ<br />

from our expectations or beliefs include, without limitation: the adverse effect from a decline in the securities<br />

markets; a decline in the performance of our products; a general downturn in the economy; changes in government<br />

policy or regulation; changes in our ability to attract or retain key employees; and unforeseen costs and other effects<br />

related to legal proceedings or investigations of governmental and self-regulatory organizations. We also direct<br />

your attention to any more specific discussions of risk contained in our Form 10-K and other public filings. We are<br />

providing these statements as permitted by the Private Litigation Reform Act of 1995. We do not undertake to<br />

update publicly any forward-looking statements if we subsequently learn that we are unlikely to achieve our<br />

expectations or if we receive any additional information relating to the subject matters of our forward-looking<br />

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