Market Overview

LSI Builds on Business Momentum, Appoints New Chairman

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Bringing more than 35 years of industry experience, Steven Myers,
founder of SM&A, joins LSI on their transformation journey

LSI,
a global solution development firm serving government, commercial and
nonprofit clients, today announced the appointment of Steven Myers as
chair of its board of directors, effective immediately. Myers is the
founder of SM&A, which became the largest proposal management and
program support firm in the defense contracting industry during the
1990s and 2000s. He will be putting his extensive experience in the
sector to work for LSI, leading strategy for corporate growth and
delivery.

Myers, a world-renowned business development and transformation leader,
served as SM&A's President & CEO for 16 years before taking the company
public in 1998. When sold to private equity investors in 2008, the
company was generating more than $100 million in annual revenue and
employed over 800 people.

Over the past year, LSI has developed a $2 billion pipeline – and is now
focused on the leadership and expertise needed to continue its current
growth trajectory, while increasing scalability of the business and
innovating and evolving the services it delivers. Bringing the right
expertise and experience to the table will enable LSI to continue to
partner and support organizations as they tackle some of the greatest
issues they've faced yet.

"We are thrilled to add Steve's deep domain experience and broad
management capabilities to our leadership bench," said Sean Slatter, LSI
President and CEO. "During the 25 years he was with SM&A, the company
became prime contractors' consulting firm of choice for large and
complex strategy, capture, proposal development and program support. His
success in the industry makes him uniquely qualified to help our clients
solve their most complex business, economic and social challenges."

Myers is currently the Chairman & CEO of Dolphin Capital Holdings, Inc.
and director of Caladrius Biosciences, Inc. (NASDAQ:CLBS). Myers
graduated from Stanford University with a Bachelor of Science in
Mathematics, is an Ernst & Young Entrepreneur of the Year Award winner
and a frequent lecturer on Entrepreneurship at the University of
Southern California's Marshall School of Business. He is also an Air
Force veteran and accomplished aviator, with 6,000 hours of flights time
and 11 jet type ratings.

About LSI

LSI, Inc. provides high-value Economic Development and Sustainment
services to Federal, State, and Local Government agencies; and Business
Development, Capture, Proposal, Technical, and Program services to Prime
Contractors, Subcontractors, and Manufacturers. LSI's mission is to help
government, commercial and nonprofit clients solve their most complex
challenges. Through engagement, trust, understanding, expertise and
ingenuity, LSI builds solutions that change the world.

Learn more at www.lsiwins.com.

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