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


FOR IMMEDIATE RELEASE

PFG promotes Brenda Cuypers to CFO

New business wins drive company revenues, experience valued

CEDAR FALLS, IOWA, January 23, 2006 – Peregrine Financial Group, Inc. (PFG) today announced it has named Brenda Cuypers to the role of Chief Financial Officer. Ms. Cuypers has been with the firm for 12 years, serving as Controller for the past six years, and she has been instrumental in overseeing accounting and financial planning during a time of strategic advancement for the company.

"In just two to three years, PFG has made huge strides in developing and growing some of our core businesses," said PFG Chairman and CEO Russ Wasendorf, Sr. "We have seen a huge expansion of electronic trading customers using our BEST Direct™ online futures trading platform. In 2005, PFG experienced a dynamic surge in new retail futures trading customer accounts. The company’s managed futures trading programs are also in a tremendous phase of growth, and our forex businesses are growing at an unprecedented pace, outstripping all previous years. All of these factors have escalated our need to develop and expand our highly skilled corporate finance team,” he said.

Ms. Cuypers leads the company's worldwide staff of accountants and clerks. In addition to U.S. operations, brokers and CTAs, the company extends its reach through a network of IBs around the globe. PFG Canada is a thriving and fast-developing subsidiary based in Toronto, and the PFG Asia Division is located in Chicago. Cuypers and her team are responsible for all of the accounting fulfillment of these varied businesses.

PFG is one of the largest non-clearing U.S. futures commission merchants, with brokerage and branch offices in more than 20 countries. It is an industry leader in trader education and online futures trading through its BEST Direct™ platform, the first to deliver customer orders to the CME’s Globex engine in 1998. It offers a diverse range of trading and investment products and services. The company is a leader in managed funds and other alternative investments, full-service futures brokerage, and forex products and services. Please visit www.pfgbest.com.