ADVISORY/New America Alliance Board Member J. Mario Molina, Chairman, Molina Healthcare, Inc., to Open New York Stock Exchange.

Assignment Desks & Business/Daybook Editors

ADVISORY...for Wednesday (Oct. 22)

--(BUSINESS WIRE)

    WHO:

    --  J. Mario Molina, M.D., chairman, Molina Healthcare, Inc.

    --  Moctesuma Esparza, chair of the board, New America Alliance

    WHAT: New America Alliance and Molina Healthcare, Inc., to open
          New York Stock Exchange and media interview availability

    WHERE: New York Stock Exchange

           30 Broad Street, New York, NY 10005

           212-656-5168

    WHEN: Wednesday, Oct. 22, 9:30 a.m.

    WHY: Molina Healthcare, Inc., is among the most experienced
        managed healthcare companies serving patients who have
        traditionally faced barriers to quality healthcare-including
        individuals covered under Medicaid, the Healthy Families
        Program, the State Children's Health Insurance Program (SCHIP)
        and other government-sponsored health insurance programs.
        Molina has recently expanded into several states and is
        focused primarily on the Medicaid and low-income population.

        In July 2003, Molina Healthcare, Inc., announced the initial
        public offering of 6.6 million shares of the Company's Common
        Stock at $17.50 per share. The net proceeds from the offering
        of approximately $107 million will be used to fund internal
        growth, pursue selective acquisitions, and for general
        corporate purposes, including repayment of debt. The Company
        has granted to the underwriters the option to sell an
        additional 990,000 shares at the initial public offering price
        to cover over-allotments.

        Founded in 1999, New America Alliance is a 501(c) 6
        organization of American Latino business leaders united to
        promote the economic advancement of the Latino community, with
        a focus on economic and political empowerment, and public
        advocacy to improve the quality of life in the United States.
        New America Alliance Institute is a 501(c) 3 philanthropic
        organization focusing its efforts on enhancing human capital,
        education, and strategic philanthropy to promote the
        advancement of the American Latino community and improve the
        quality of life in the United States. Web:
        http://www.naaonline.org