LOS ANGELES - May 17, 2006 - Cambridge Capital Holdings, Inc. (OTC:CCHI), reports that its board of directors approved the payment of a cash dividend of $2.80 per share to all shareholders of record as of the close of business on May 10, 2006. The dividend is payable on or about May 23, 2006.

About Cambridge Capital Holdings, Inc.

Cambridge Capital Holdings, Inc. purchases and sells real estate for investment and/or development through its FiCorp, Inc. subsidiary. The Company's offices are located in Los Angeles, CA.

This press release contains statements that are forward-looking, including comments on future business plans, investments, market conditions, revenue growth, expense management, and outlook. Any number of conditions may occur which would affect important factors in this analysis and materially change expectations. These factors include, but are not limited to, known and unknown risks, changes in technology; success of cost-containment programs; ability to successfully identify, negotiate, close and integrate acquisitions and investment opportunities; shifts in competitive patterns; decisions with regard to products and services; changes in revenues and profits; and significant changes in the market environment. For a description of the foregoing and other factors, investors and others should refer to the company's filings available at www.pinksheets.com, including but not limited to information under the headings "Business Overview," "Management's Discussion and Analysis of Financial Condition and Results of Operations" and particularly under the subheading "Risk Factors" thereunder in its annual report for the year ended Dec. 31, 2005; and other periodic reports. Cambridge Capital undertakes no obligation to update the forward-looking statements contained herein to reflect changed events or circumstances after today's date.