updated 2/16/2011 2:16:43 PM ET 2011-02-16T19:16:43

FORT LAUDERDALE, Fla., Feb. 16, 2011 (GLOBE NEWSWIRE) -- Investor John Mattera was appointed to the board of the American Red Cross Broward County Chapter today. John A. Mattera, an emerging philanthropic leader in the South Florida community, runs the eponymous The Mattera Foundation, an organization dedicated to strengthening local causes.

John A. Mattera, Mark Holmes, John Karr

A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8769

"I'm honored to join the board of such an incredible organization," said John Mattera. "The American Red Cross has been an irreplaceable philanthropic force in the South Florida community, and I look forward to being a part of the terrific work they do."

"John Mattera is a trailblazer when it comes to helping out the most important local causes in Southern Florida," said John Karr, Chapter Executive of the American Red Cross of Southern Florida. "We couldn't be happier with the latest addition to our board and can't wait to start working with John Mattera to strengthen and enhance our efforts across the communities we serve."

John A. Mattera has been a lifelong supporter of the American Red Cross. He was actively involved in last year's Red Cross Beach Ball and will lead efforts for this year's Runway Fashion Show fundraiser, to be held on February 25, 2011 in Fort Lauderdale. His other philanthropic endeavors include: the American Kidney Fund, Toys for Tots, Palm Beach State College, Florida Atlantic University, and the University of Michigan.

About John Mattera:

John Mattera is currently the Chairman and CEO of The Mattera Reserve, a Worldwide Private equity firm with investments in 23 countries. Together with The Mattera Reserve's partners, the company has backed many of the world's best entrepreneurial leaders. Mattera is also the Chairman of the Advisory Board for The Praetorian Group, a newly formed investment firm combining the disciplines of traditional private equity, venture capital, and related debt and lending strategies to provide business-building solutions to growing firms across nearly all industries.

About The Mattera Foundation:

The mission of The Mattera Foundation is to strengthen the community through bringing good people and good causes together to help ensure both the excellent stewardship of donor funds and the wise investment of grants in the communities that we serve. Our goals are to serve as a leader, catalyst, and resource for philanthropy. We aim to build and hold a permanent and growing endowment for the community's changing needs and opportunities. The Mattera Foundation strives for excellence in strategic grant making that benefits all citizens of our community in fields such as social services, education, health, the environment, and the arts. Find out more: www.thematterafoundation.com .

The Mattera Foundation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8237

CONTACT: Lisa Yigit
         E-mail: ly@thematterafoundation.com

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