LOS ANGELES - September 29, 2006 - Cambridge Capital Holdings, Inc. (OTC:CCHI), reports that it has settled pending litigation commenced by it against First Tennessee Bank and its advertising agency alleging violation of copyrights owned by the company's FiCorp, Inc. subsidiary. The settlement calls for a one-time payment to FiCorp of $1.1 million.

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.