Investors Purchase Lizards; Jim Brown Among New Owners

NEW YORK, N.Y. (May 30, 2012) - The Long Island Lizards of Major League Lacrosse (MLL) announced Wednesday that they have been sold to an investor group thatincludes Medallion Financial Corp., and NFL Hall of Famer Jim Brown, who, besides professional football, is widely considered the greatest lacrosse player of all time.

"We are very excited about this opportunity, the potential of Major League Lacrosse, and working with a legend like Jim Brown," said Andrew Murstein, President of Medallion.

"Long Island is a hot bed for lacrosse, which, according to recent studies, is also the fastest growing sport in the U.S. With Jim and I both growing up on Long Island, we know firsthand how passionate the fans are about lacrosse and what it means to the community. We have assembled an all star ownership group which, in addition to Jim, includes our team Vice Chairman Richard Mack of AREA Property Partners, who is also originally from Long Island, as well as Ivan Wolpert, Albert Maione, John Lizza, and other local investors," Murstein said.

"With the foundation of current stars like Long Islander Max Seibald and Greg Gurenlian as well as future superstar CJ Costabile, one of the five finalists up for the 2012 Tewaaraton Trophy, college lacrosse's equivalent to the Heisman Trophy, we will be giving the New York area fans an exciting team for years to come."

Jim Brown added, "Not everyone knows this, but lacrosse has always been my favorite sport along with football. I started playing at Manhasset High School, not too far from the Lizards' home field at Hofstra in Hempstead.

"I was an All American lacrosse player at Syracuse and our team went undefeated in my senior year. This sport is ready to explode and I am proud to be a part of it. I am passionate about the Lizards and plan to be at our next home game at Hofstra on Long Island, June 1st, one hour before the 7:00 p.m. game time, to meet the fans. It will be a bit of a homecoming for me and I am excited beyond words."

About Medallion Financial
Medallion Financial Corp. (Nasdaq: TAXI) is a specialty finance company with a leading position in the origination and servicing of loans financing the purchase of taxicab medallions and related assets. The Company also originates and services loans in other commercial industries, and its wholly-owned portfolio company, Medallion Bank, also originates and services consumer loans. The Company and its subsidiaries have invested over $5 billion in small businesses.

About Jim Brown
Jim Brown played running back for the NFL Cleveland Browns from 1957 to 1965. At the end of his career he was named as the greatest professional football player of all time by The Sporting News. Brown was an outstanding athlete at Manhasset High School on Long Island in football, lacrosse, baseball, basketball and running track. At Syracuse University he had the unusual distinction in his senior year of making first team All-American in football and first-team All-American in lacrosse, where he scored 43 goals in 10 games to rank second in scoring nationally. After professional sports, Brown transitioned to a distinguished career in acting, and became notable for his social activism. He currently works with youth reform to reach their greatest potential on a national platform through the Amer-I-Can Foundation, a non-profit he founded in 1988.


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