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


Peregrine Financial Group Appoints Neil Aslin President

Chicago, June 20, 2002 – Peregrine Financial Group, Inc. (PFG) today announced the selection of Neil J. Aslin as President. Mr. Aslin has been Executive Vice President with PFG since 1998. PFG has experienced significant growth during recent years growing 508% since Mr. Aslin joined the firm. Mr. Aslin will be responsible for implementation of PFG’s growth strategy and day-to-day operations.

Mr. Aslin is a thirty-year veteran of the investment and trading industry. He was CEO of First Financial Government Securities from 1984 to shortly before joining PFG in 1998. First Financial, a broker-dealer futures introducing broker, specialized in sophisticated options based interest rate risk management strategies for banks and other financial institutions. From 1971-1983, Mr. Aslin was Executive Vice President of ContiCommodity (Conti), a major international futures brokerage and clearing firm.

On his appointment Mr. Aslin comments, “Derivatives are the engine that propel growth in all financial markets. Derivatives could not exist without futures, therefore futures are now the foundation that supports just about everything from trading to lending. This is both a structural and cultural change from the days when futures trading was considered inappropriate by mainstream Wall Street. PFG has been very much a part of this transformation in its 10 or so years. It has experienced exceptional growth and I am very enthusiastic about my role in furthering that growth.”

PFG Chairman & CEO, Russell R. Wasendorf, Sr., comments, “PFG’s rapid and continuing growth dictates that we apply greater administrative prowess to managing our growth, innovations, and efficiency. It is easy to become complacent with growth and rapid expansion but we feel we can accomplish even more without sacrificing customer service, investor support and financial integrity. Neil Aslin led ContiCommidty to be one of the largest firms in our industry. He understands how to manage and nurture growth.”

Mr. Aslin is a past member of the Chicago Board of Trade and the Chicago Mercantile Exchange. Mr. Aslin holds an MBA from Columbia University Graduate School of Business, and Master of Arts and Bachelor of Journalism degrees from the
University of Missouri.

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PFG Aslin Release
Page Two

Peregrine Financial Group, Inc., is a highly respected multi-product Futures Commission Merchant ranking among the top 40 in size, as measuring by customer funds. Its proprietary BEST Direct electronic order routing system is used by both retail clients and institutions trading operations. “BEST Direct, developing our managed accounts and structured product business, and continuing to grow our branch office and IB business, are the strategies we have identified for continuing our growth going forward” Aslin said.

Over the years, PFG has earned a reputation as one of the finest providers of quality educational platforms for the individual investor. PFG offers a full spectrum of investment services designed to meet the broad range of needs in today's challenging financial environment.

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