LAS VEGAS - April 8, 2008 - Cambridge Capital Holdings, Inc. (OTC:CCHI), reports that its Board of Directors has approved a transaction to divest itself of all ownership interest and financial obligation to real estate it has held for investment purposes. In 2004, the Company, through a 99.9% owned subsidiary of FiCorp (known as Dolphin Bay, LLC), acquired approximately 10 acres of undeveloped land in Walton County, Florida, for $5.5 million. To complete the transaction, the Company obtained a loan from a commercial bank, and delivered a promissory note to the seller for the remainder of the purchase price. In 2006, the Company repaid the seller financing, leaving only the bank financing encumbering the property. The Company had acquired the land as an investment; however, due to the soft real estate market, particularly in Florida, there has been no incentive to develop the land to date.

On April 4, 2008, the Company, through its subsidiary, executed a Quitclaim Bill of Sale for minimal consideration to a Purchaser, fully divesting the Company of all ownership interest in and financial obligation to the real estate. In so doing, the Company will realize a loss in the current year estimated between $3 and $4 million. The Company will retain, through its subsidiary, a 50% carried interest in the property, after an 18% preferred return to the Purchaser, in the event the market recovers and the property is developed at a profit to the new investor.

About Cambridge Capital Holdings, Inc.

Cambridge Capital Holdings, Inc. owns and conducts gold mining operations through its CCHI Canadian Holdings, Inc. subsidiary. The Company 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" there under in its annual report for the year ended Dec. 31, 2006; 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.