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Patricia Campbell
Peregrine Financial Group, Inc. (PFGBEST)
(312) 775-3411


PFG, Inc. Completes Purchase of American National Trading Corporation

Chicago, October 24, 2007 – Peregrine Financial Group, Inc. (PFG) announced that it has completed its purchase of American National Trading Corporation assets. Headquartered in Los Angeles, CA, the acquired assets will now be a wholly-owned, Los Angeles-based branch of PFG to be known as the American National Trading Division (ANTD), or PFG Los Angeles.

ANTD matches PFG´s business model and was a positive match for acquisition in that it is a successful FCM which conducts business in futures, foreign exchange, and managed accounts.

"The synergies will involve numerous benefits for customers of the Los Angeles branch," said PFG Chairman and Chief Executive Officer Russell R. Wasendorf, Sr. "Clients there can utilize our proprietary online trading system, BEST Direct™. By expanding our sales force in Los Angeles with this acquisition, we can more efficiently deliver the unique and expanded suite of managed futures and forex product offerings that PFG has created, and we will enhance clients’ trading choices with auto trading systems and other exclusive electronic capabilities developed by PFG."

PFG, one of the largest non-clearing U.S. FCMs, was registered in 1990 and has headquarters in Chicago, IL with customers, affiliates and brokerage offices in more than 80 countries. It has experienced rapid expansion in the past several years through organic growth as well as through strategic acquisitions.

ANTC was founded in 1988 in Los Angeles, CA.