Alpha Analytics Value Fund is Number 1 Ranked Large Cap Value Mutual Fund for 1999.

Business Editors

LOS ANGELES--(BUSINESS WIRE)--Jan. 11, 2000

The Alpha Analytics Value Fund posted a 46.73% return for the period December 31, 1998 (date Fund commenced operations) through December 31, 1999, according to Robert E. Gipson, president of the Los Angeles-based mutual fund company. The figure makes it the top performing mutual fund of the 274 Large Cap Value funds tracked by Morningstar and compares favorably with the 6.59% average return for these funds over this same time period. The S&P 500 returned 21.04% for 1999.

The no-load Alpha Analytics Value Fund currently has $3.1 million in assets. "Our small size gives us the flexibility not afforded larger funds," says Gipson. "We believe interest in value funds will continue to grow as investors seek to add securities with sound financial characteristics to their portfolios."

While the fund is new, Alpha's sub-advisor, Cambiar, has been managing money for private and institutional clients since 1974. "The investment approach to selecting stocks for the fund is to attempt to identify undervalued securities with strong financial characteristics," says Gipson. "Using fundamental analysis, companies are selected with market capitalization greater than $1 billion that are selling at the low end of their historic relative valuation levels. These are companies that we believe are experiencing positive developments not yet recognized by the broad market and have a strong upside potential 12-to-18 months out."

Alpha Analytics Investment Group, LLC was formed in December 1998 with headquarters in Los Angeles, California and a regional office in Silver Spring, Maryland. For more information on the Alpha Analytics family of mutual funds including charges and expenses, or to receive a prospectus, contact Alpha Analytics toll free at 877-ALPHA40 (877-257-4240) or visit Alpha Analytics website: www.alphaanalytics.com. The Alpha Fund Family is distributed by AmeriMutual Fund Distributors, Inc, 150 Motor Parkway Hauppage, New York, 11788-5108.

Investors should read the prospectus carefully before investing. Past performance cannot guarantee future results. The principal value and return of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost.

Morningstar classifies mutual funds based on their portfolio along two axes. The size axis ranges from "Small" to "Medium" to "Large", and depends on market capitalization of the portfolio. A style axis ranges from "Value" to "Blend" to "Growth" depending on the investment style. The Alpha Analytics Value Fund is classified as a "Large Cap Value Fund". As of December 31, 1999 there were 274 distinct Large Cap Value Funds in the Morningstar Universe with returns for 12 months. The Alpha Analytics Value Fund had the highest return of any Large Cap Value Fund for the trailing 1 month, 3 month and 12 months for the period ending December 31, 1999. (For the purposes of this comparison we did not differentiate between different share classes of a mutual fund. Including all of the different share classes would increase the number of mutual funds to 593. The Alpha Analytics Value Fund would still be the best performing Large Cap Value Fund for 1999.)