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


FOR IMMEDIATE RELEASE

Winner Named in PFG’s Quarterly CTA Challenge:
Prize is $250,000 Allocation

CHICAGO, June 20, 2007: Peregrine Financial Group, Inc. (PFG) announced that Ken Kinkopf has won the most recent 3-month CTA Challenge that ended on May 31, 2007, and received the $250,000 managed account allocation to trade for PFG. Mr. Kinkopf was also the winner of the quarterly CTA Challenge from September through November of 2006. Mr. Kinkopf is an associated person and principal of Kinkopf Capital Management LLC, responsible for all trading decisions and the general management of the firm. He uses a systematic technical analysis approach that incorporates fundamental data that is programmatically analyzed and then statistically evaluated to produce a trading system robust with the ability to react to system changes over time.

By winning a CTA Challenge in 2006, Mr. Kinkopf earned a competitive spot in the first-ever CTA Championship Showdown which runs for six months from March 1 to August 31, 2007. The contestants for the Championship Showdown include the top two traders in each of the preceding four quarterly CTA Challenges. The Showdown winner receives a $1 million account allocation to trade for PFG.

PFG created and sponsors these trading competitions to identify and showcase emerging Commodity Trading Advisor (CTA) talent, strategies and techniques. Those interested in competing should go to www.pfgBEST.com/cta to enter or to see previous and current contest results.

Quarterly CTA Challenge competitions begin on March 1, June 1, September 1 and December 1. The sizable allocations, awarding winners of each quarterly challenge the opportunity to trade a $250,000 managed account for PFG, help further establish the track record for the top-performing CTA. At the conclusion of the annum the first and second-place winners from each quarter are invited to participate in the six-month CTA Championship Showdown, and that winner earns the opportunity to trade a managed account of $1 million for PFG.*

"The sizable trading allocations awarded to winners have helped attract CTAs who have successfully demonstrated a variety of emerging, accessible, and risk-appropriate investment programs that meet the demand from clients for diversification strategies," said Jim O'Connell, vice president of the PFG Managed Futures division.

PFG is one of the largest non-clearing U.S. futures commission merchants (FCMs) with customers, affiliates and brokerage offices in more than 80 countries. It offers a diverse range of trading and investor products and services. The company is a leader in managed funds and forex, full-service brokerage, trader education, research, and direct, online futures trading through BEST Direct, one of the first platforms to deliver retail orders to the CME's Globex engine. Please visit www.pfgBEST.com.

*Certain conditions and trading parameters apply.