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


FOR IMMEDIATE RELEASE

Peregrine Financial Group Opens Canadian Branch Office --
PFG Continues to Expand International Presence


Chicago, July 8, 2002 – Marking continued commitment to international its international presence, Peregrine Financial Group, Inc. (PFG) today announced the establishment of a Canadian branch office in Toronto, Ontario. Peregrine Financial Group Canada, Inc., a futures commission merchant (FCM), will offer a spectrum of investment vehicles including full service broker-assisted accounts, discount service accounts, online trading accounts and twenty-four hour global trading.

Rob Zaboroski, PFG Canada, Inc. President said, “Derivatives are becoming, and rightfully so, commonplace in the retail investor’s portfolio partly because they are capital efficient and can help in risk mitigation. With PFG’s solid history of educating the retail population on its uses and benefits, we are the ideal institution to bring our products to the Canadian market.”

PFG Canada, Inc. is headquartered at: PFG Canada, Inc.
116 Simcoe Street
W. Toronto, ON Canada M5H 3E4

PFG now has branch offices in the United States, Canada, Europe and Latin America.

Peregrine Financial Group, Inc., is a highly respected multi-product broker and leader in global derivatives and alternative investment markets. 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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