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John M. Courtright Named President of Peregrine Asset Management, Inc.

Mark Lishchynsky Appointed President of Peregrine Diversified Investment Services Corp. (PDIV),
a Registered Investment Adviser

Neil J. Aslin to Chair Board of Directors of both Peregrine Asset Management, Inc., and PDIV,
and Remains Vice Chairman of Parent Company PFGBEST

CHICAGO, June 1, 2011 – John M. Courtright has been promoted to president of Peregrine Asset Management, Inc., the company announced today. He served as managing director since 2008. In his new role, Courtright will lead Peregrine Asset Management’s Portfolio Management Committee, of which he has been a member since its inception. Peregrine Asset Management, Inc. is registered with the Commodity Futures Trading Commission as a Commodity Pool Operator and a Commodity Trading Advisor.

Serving as President of Peregrine Diversified Investment Services Corp. (PDIV), an SEC-Registered Investment Adviser, will be Mark Lishchynsky.

Both companies are wholly-owned subsidiaries of Peregrine Financial Group, Inc. (PFGBEST).

Neil J. Aslin, until now president of Peregrine Asset Management, Inc., becomes the chairman of the Peregrine Asset Management Board of Directors, and chairman of the Board of Directors for PDIV. Peregrine Asset Management, Inc. was launched in 2008, and with the formation of PDIV in late 2010, PFGBEST created its own Registered Investment Adviser (RIA).

About Peregrine Asset Management, Inc.
Peregrine Asset Management, Inc. is a logical extension of PFGBEST’s strategy for providing sustainable investment products and services across a variety of asset classes. It is the structure for developing fund products, and Peregrine Asset Management’s portfolio management professionals have brought a series of private placement futures funds to market.

Courtright describes Peregrine Asset Management’s goals: “We strive to identify the best trading advisors and combine them in fund structures that give sophisticated investors and the institutional marketplace access to alternative strategies that complement their existing portfolios. In selecting multiple advisors for a single fund, we seek low correlations between advisors, and diversification among their respective strategies. It is critical that our advisors meet not only our performance requirements, but also our standards for enterprise risk management.”

About Peregrine Diversified Investment Services Corp.
Peregrine Diversified Investment Services Corp. (PDIV) was established in 2010 by PFGBEST to give investment professionals access to wealth management solutions designed in response to their clients’ needs, and to strengthen and solidify client relationships. PDIV enables investment professionals to diversify clients’ portfolios by offering a “one stop shop” with a comprehensive offering of investment and insurance solutions.

Neil J. Aslin
Mr. Aslin joined Peregrine Financial Group, Inc. (PFGBEST) in 1998. He continues to hold the position of vice chairman for the parent company, in addition to chairing the Boards of Peregrine Asset Management, Inc. and PDIV.

John M. Courtright
Prior to joining Peregrine Asset Management in 2008, Mr. Courtright was a principal of St. Croix Asset Management LLC, with comprehensive responsibility for management of domestic and international hedge fund operations. Prior to that, he was a senior program manager with Andersen Consulting (now Accenture), marketing the Andersen Foundation initiatives within the financial services industry and successfully launching strategic alliances with several major international firms.

Mark Lishchynsky
Mr. Lishchynsky has been in the securities industry since 1993. He joins PDIV having previously been in senior positions with Brewer Financial Services, LLC, InterOcean Securities, LLC, Oppenheimer & Co. and Alex Brown & Co., where he was instrumental in bringing real world compliance and operations solutions to each company’s platform. His background centers in broker-dealer and RIA operations, compliance, and business development.

About PFGBEST
PFGBEST, the parent company, is one of the largest, non-bank Futures Commission Merchants (FCMs) in the U.S. The firm is a member of the National Futures Association, and is a Forex Dealer Merchant registered with the Commodity Futures Trading Commission. PFGBEST is a rapidly-expanding global financial services and technology firm, specializing in electronic trading, futures, forex, options, managed accounts, and precious metals. The company is also an industry leader in investor education, and markets with the slogan, “The BEST thing about our technology is our people.”

To learn more about Peregrine Asset Management, Inc., please visit www.peregrineasset.com.

To learn more about Peregrine Diversified Investment Services Corp., call 1-800-333-5673.

Media Contact: Patricia Campbell pcampbell@pfgbest.com 312-775-3411