updated 3/24/2011 3:16:57 PM ET 2011-03-24T19:16:57

FORT LAUDERDALE, Fla., March 24, 2011 (GLOBE NEWSWIRE) -- Investor and American Red Cross board member John Mattera announced today that his eponymous The Mattera Foundation will sponsor the upcoming American Red Cross Golf Tournament. The tournament will be held at the  Inverrary Country Club on April 1, and all proceeds will benefit the American Red Cross, South Florida Region.

A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8920 .

"I'm thrilled to continue supporting the American Red Cross and the terrific work they do in South Florida," said John A. Mattera. "This golf tournament is a fun way for the community to come out, join our efforts, and contribute to a great cause."

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

For more information on the American Red Cross golf tournament, please click here.

The American Red Cross logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8929

About John Mattera:

John Mattera is currently the Chairman and CEO of The Mattera Reserve, Inc. 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 Global Fund, LTD, 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

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