The Parker Group, Inc. Enters New Financial Era Setting Up Future Expansion Efforts

Lubbock, TX  - March 8, 2007 - The Parker Group, Inc., a leading, integrated health care services company headquartered in Lubbock, Texas, BMO Capital Markets and Ares Capital , announced today the successful completion of the company’s refinancing efforts establishing a stable, long-term capital structure and positioning the organization for another strong growth period.

“I am very excited about our new financial partners, Ares Capital and BMO Capital Markets,” said Ted Parker, Chairman and CEO of The Parker Group, “Their financial commitment to our company is not only a solid endorsement of our financial strength and performance, but also enables us to continue our growth strategy as one of the largest independent, integrated health care service organizations in the nation.”

“Ares Capital Corporation is very excited about the opportunity to be a valued financing partner for The Parker Group. We believe that the company is well positioned for growth and hope to be a long-term partner in that pursuit,” said Jim Miller, Vice President, Ares Capital.

“In our dual role as lender and capital raising agent, we were delighted to help The Parker Group successfully complete its refinancing,” said Jim Love, Managing Director and Head of the BMO Capital Markets Healthcare Group. “This is the type of innovative solution we look to provide to ambitious, growing health care companies. We expect to continue working with The Parker Group over the long-term to help the company realize its growth objectives.”

In 2005, The Parker Group more than doubled in size through the acquisition of American Administrative Group and Gallagher Benefit Administrators. The addition of these two significant acquisitions, combined with The Parker Group’s existing operations, allowed the company to become one of the largest employee benefit Third Party Administrators (TPAs) in the country. Subsequent to these acquisitions, The Parker Group combined all TPA operations under the American Administrative Group brand name. With its new financial partners firmly in place, The Parker Group will look to once again double in size in the next 12 to 18 months through a combination of aggressive organic growth and key strategic acquisitions.

About The Parker Group, Inc.

The Parker Group, led by Ted L. Parker, Chairman and CEO, has developed a strong senior management team for each of the company’s operations including: HealthSmart Preferred Care, PPO; American Administrative Group, third-party administrator; Q-elements, URAC accredited, full-service utilization review company; CareVu Corporation, information technology provider and Free First Healthcare Clinics, employer-sponsored health care clinics and wellness programs.

For more information about our company’s refinancing, please contact Bill Dembereckyj, Executive Vice President, The Parker Group at 806.473.3111 or [email protected] .

To learn more about The Parker Group, visit our web site at www.theparkergroup.com.

About BMO Capital Markets Healthcare Group

BMO Capital Markets helps companies across the health care continuum pursue their diverse business strategies at every stage of the growth cycle. For health care services companies, BMO Capital Markets leverages a deep understanding of operational, reimbursement, regulatory and competitive factors to provide long-term strategic solutions for growth, including M&A advisory support and innovative capital raising.

To learn more about BMO Capital Markets Healthcare Group, visit:  www.bmocm.com/industry/us/healthcare.

About BMO Capital Markets

BMO Capital Markets is a leading full-service North American financial services provider, with over 2,000 employees operating in 14 North American offices and 26 worldwide, offering corporate, institutional and government clients access to a complete range of investment and corporate banking products and services. The firm’s team of experienced bankers focuses on the following industry sectors: Health care, Business Services, Commercial and Industrial, Consumer and Leisure, Energy and Power, Financial Institutions and REITs, Food, and Media, Communications and Technology. BMO Capital Markets is a member of BMO Financial Group (NYSE, TSX: BMO), one of the largest diversified financial services providers in North America with more than US $284.9 billion in total assets and 35,000 employees as of October 31, 2006.

For more information, visit www.bmocm.com.

About Ares Capital Corporation

Ares Capital Corporation is a specialty finance company that is a closed-end, non-diversified management investment company regulated as a business development company under the Investment Company Act of 1940. Its investment objective is to generate both current income and capital appreciation through debt and equity investments. Ares Capital Corporation invests primarily in first and second lien senior loans and mezzanine debt, which in some cases includes an equity component, and, to a lesser extent, in equity investments in private middle market companies.