THE MIDLANDS COMPANIES

December 29, 2009

To Friends of The Midlands Companies

Dear Valued Friend,

In 2010, Midlands will celebrate its 20th Anniversary.  From our beginnings in 1990 with a staff of four, we have grown to a team of over 200 with offices in Oklahoma City, OK; Dallas, TX; Calabasas, CA; New York, NY; Philadelphia, PA; and personnel in several other states working from their home.  We also have affiliated offices in London and throughout Europe.  The success we have achieved is remarkable.  It was achieved through the dedication of the team at Midlands and most importantly through your support.

The support of our agent/broker base has been unwavering and has brought a continued flow of business regardless of market or economic conditions.  And for that, we are very appreciative.

During 2010, we will celebrate the 3rd Anniversary of our affiliation with PMA and the additional facilities that we have enjoyed resulting from that relationship.  We are pleased to be able to offer those additional facilities to our agent/broker clients.  We will be announcing appreciation events and potential awards to share with you our success during the past twenty years, and we look forward to providing you with continued and uninterrupted service well into the future for the existing products as well as new products that we will announce in 2010.

Thank you again.  We look forward to helping you achieve success and providing continued solutions for your clients.

Very truly yours,

Charles C. Caldwell
President and CEO
Midlands Management Corp.