Tournament Ranks Number 1 on  PGA TOUR (to date) in Charitable Giving

FBR Open and Thunderbirds Raise $7.8 Million For Charities,

LARGEST SINGLE-SEASON AMOUNT EVER ANNOUNCED ON PGA TOUR

 

PHOENIX, Ariz. – FBR Open tournament hosts The Thunderbirds will contribute a PGA TOUR record $7.8 million to hundreds of charities over the next year, Thunderbirds Big Chief Pat McGinley announced today. The $7.8 million in charitable donations represents the largest amount ever announced by a PGA TOUR event and is $1 million more than the Thunderbirds and FBR Open donated following the tournament in 2006 ($6.8 million).

 “Since we announced our partnership with FBR four years ago, our goal has been to be the number-one ranked tournament in charitable giving on the PGA TOUR,” said McGinley.  “We are very grateful to our title sponsor FBR, our many other corporate partners, and for the support of our golf fans, volunteers and the professional golfers that play in our event.”

Since October 2003, when FBR became the title sponsor of the event, The Thunderbirds and the FBR Open have raised more than $25 million for charities ($25,637,000). In its history, the FBR/Phoenix Open has raised more than $53 million for charities in Arizona.

“Being a good corporate citizen has the added benefit of also being good for business,” offered Eric Billings, Chairman and CEO of FBR.  “We are extremely proud to have achieved our mutual goal with the Thunderbirds of being number one on the TOUR for charity, and we couldn’t be happier knowing that the FBR Open is truly making a difference.”

The 2008 FBR Open, known as “The Greatest Show on Grass,” will be held at the TPC Scottsdale from January 28th to February 3rd, 2008.

 

About the FBR Open

The FBR Open is the best-attended golf tournament in the world and has raised more than $53 million for charities. Annually sporting by far the largest crowds for any golfing event in the world, the FBR Open has gained legendary status for being a unique stop on the PGA TOUR. The 2008 edition will mark the 73rd playing of the event, and the fifth as the FBR Open, making it one of the five oldest events on the PGA TOUR.

 

About The Thunderbirds

The Thunderbirds were founded in 1937 with the mission of promoting the Valley of the Sun through sports.  The Thunderbirds consist of 55 “active” members and more than 250 “life” members.  The FBR Open is the best-attended golf tournament in the world and in 2007 drew more than half a million exuberant golf fans to the TPC Scottsdale. For more information on the Thunderbirds or the 2008 FBR Open, call the Thunderbirds office at (602) 870-0163 or visit www.fbropen.com.

 

About FBR (NYSE: FBR)

Friedman, Billings, Ramsey Group, Inc. (FBR) (NYSE:FBR) provides investment banking*, merger and acquisition advisory services*, institutional brokerage*, asset management and private wealth services through majority ownership of FBR Capital Markets Corporation (FBR Capital Markets) (NASDAQ:FBCM).  FBR Capital Markets focuses capital and financial expertise on eight industry sectors: consumer, diversified industrials, energy & natural resources, financial institutions, healthcare, insurance, real estate, and technology, media & telecom.  FBR Group also invests in mortgage-related assets and merchant banking opportunities. FBR is headquartered in the Washington, D.C. metropolitan area with offices in Arlington, VA, Boston, Dallas, Houston, Irvine, London, New York, Phoenix, San Francisco and Sydney.  For more information, please visit www.fbr.com.

 

*Friedman, Billings, Ramsey & Co., Inc.

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