Barry Ziskin Heralds End of Decline.

MESA, Ariz.--(BUSINESS WIRE)--Oct. 19, 1998--After a devastating decline in world equity markets, Barry Ziskin, president of Z-Seven Fund Inc. (NASDAQ:ZSEV) (PSE:ZSE) and Ziskin Asset Management, noted, "The great correction of 1998 is over!"

He stated, "While many professional investors may nervously watch and wait, we have been buying several new stocks in recent weeks. I am primarily a fundamentalist, using a strict discipline of seven criteria (hence the name Z-Seven) whereby I am finding great value in domestic small cap shares, and we are certainly taking advantage of numerous buying opportunities in quality, smaller growth stocks.

"While many foreign markets have their own factors to deal with, those leading Western markets which are supported by lower interest rate trends should rather quickly (within days or weeks) follow the turn in domestic prices."

In the 1970's and '80's, when fewer stocks traded publicly on the New York Stock Exchange, a three-day-consecutive occurrence of 1,000 or more advancing issues in total, wherein one of those days produces considerably more (at least 1,000 advances greater than the number of declines), would often assert itself shortly after a significant stock market decline (which many people would call a "bear market"), usually at the very beginning of an upturn.

On rare occasion, a softer, but perhaps lower, bottom follows this signal before the true upturn. This three-day signal could also recur in the early stages of an advance.

This positive momentum for the broad market is still a significant concept, but needs to be proportionately adjusted for today's market that includes almost twice as many stocks in total. During the three days through Friday (Oct. 16), advancing issues bested decliners by more than 50 percent (3:6:1). On Thursday, Oct. 15, gainers actually multiplied losers by a ratio of greater than three-to-one.

He added, "I am excited to find abundant values in quality growth companies among U.S. small cap stocks for Z-Seven Fund and my individual clients, and just as excited to pass along this information on the end of the great 1998 market correction to concerned and frustrated investors."