American Trust Launches One of the First Alternative Energy Funds.

Global Fund Offers New and Broader Approach to Alternative Energy Investing

LEBANON, N.H. -- American Trust Investment Advisors today announced the launch of the no-load American Trust Energy Alternatives Fund. The new fund will seek to identify publicly-traded companies, both domestic and international, that will play a role in meeting increased worldwide energy demand as well as those companies that may benefit from renewable sources of energy generation. It will screen nearly 300 energy-related companies in more than 30 countries to evaluate the economic viability and scientific soundness of their products and services.

Surging energy costs and growing environmental concern over global climate change are trends that are increasingly accepted as economic realities. Investors are recognizing the long-term growth potential in the sustainable alternative energy sector as these sources become more viable.

Carey Callaghan, Chief Investment Officer at American Trust Investment Advisors, and Paul Collins, President of the Advisor, will be the portfolio managers of the Energy Alternatives Fund.

"Since American Trust's founding in 1991, we have operated with one main objective: capital appreciation for socially conscious investors. We strive to achieve this objective through the utilization of a disciplined investment process for securities. With that philosophy in mind, we believe that now is the right time to provide a similar socially responsible fund for sustainable alternative energy," said Collins, co-portfolio manager of the Fund. "We believe American Trust Company has the mutual fund experience, infrastructure and direct investment expertise in this area to capitalize and be an early player in this field."

Callaghan, the other co-portfolio manager of the Energy Alternatives Fund, was previously with Goldman Sachs for eleven years and Lehman Brothers for eight years. He served as both a research analyst and Research Director while at Goldman Sachs and as a research analyst at Lehman Brothers, and has covered numerous industries. He has been recognized for analytical research by Institutional Investor and Greenwich Associates.

"We will seek to differentiate our Fund by using a three-tiered investment approach. The Fund will focus on three opportunity sets: eco-technology leaders, critical path companies, and resource based investments," co-manager Callaghan said. "The Energy Alternatives Fund will invest in companies pioneering sustainable practices and products as well as in companies that supply key parts, expertise or other value-added components to eco-technology companies. The Fund will also seek to identify companies that own natural resources or other assets that are likely to benefit from these trends."

The minimum initial investment in the Fund is $5,000 for regular accounts and $2,500 for Individual Retirement Accounts. The minimum subsequent investment is $100.

Investors who wish to learn more about the Energy Alternatives Fund can request a prospectus by calling toll-free 1-877-385-NRGY (6749) or by visiting www.energyalternativesfund.com.

ABOUT THE FUND

The American Trust Energy Alternatives Fund's investment objective is long-term capital appreciation. The Fund will seek to identify companies that are either directly involved in some capacity in alternative energy production or that are likely to benefit from the development of these technologies. The Fund will screen almost 300 energy-related companies worldwide to evaluate the economic viability and scientific soundness of their products and services. The alternative energy companies included will cover a broad range of technologies, including solar, wind, geothermal, hydro, tidal, biofuel, and other energy-generation or storage technologies.

The Fund will diversify the portfolio with the goal of lessening risk and helping to cushion investors from extreme volatility. The Fund can also use short sales, options, futures, and other types of securities to broaden investment opportunities.

ABOUT AMERICAN TRUST

The Energy Alternatives Fund will be advised by American Trust Investment Advisors, LLC. American Trust Investment Advisors and its holding company, American Trust Company, provide investment management services to individual and institutional clients.

American Trust Investment Advisors also manages the American Trust Allegiance Fund, a socially responsible mutual fund, and has done so since its inception in 1997.

The fund's investment objectives, risks, charges and expenses must be considered carefully before investing. The prospectus contains this and other important information about the investment company, and it may be obtained by calling toll-free 1.877.385.NRGY or by visiting www.energyalternativesfund.com. Read it carefully before investing.

Mutual fund investing involves risk. Principal loss is possible. Alternative energy stocks might experience weak demand if the price of oil, gas, or electricity declines sharply for a period, concentrating the Fund's assets on related industries or sectors may have greater risks because companies in these sectors may share common characteristics and may react similarly to market developments. The Fund invests in foreign securities which involve political, economic, and currency risks, greater volatility, and differences in accounting methods. The Fund will also invest in smaller companies, which involve risks such as limited liquidity and greater volatility. The Fund may make limited use of the following: options on securities, futures contracts, and synthetic securities which may be subject to greater fluctuations in value than an investment in the underlying securities; purchasing and writing put and call options which are highly specialized activities and entail greater than ordinary investment risks (investment in options and futures are not suitable for all investors); short sales of securities which involve the risk that losses may exceed the original amount invested.

While the fund is no load, management fees and other expenses still apply. Please refer to the prospectus for further details.

American Trust Investment Advisors is the advisor to the American Trust Funds. The American Trust Funds are distributed by Quasar Distributors, LLC. (6.08)