FOR IMMEDIATE RELEASE


PEREGRINE FINANCIAL GROUP PREMIERS “NO-FEE” TRADING ON SINGLE STOCK FUTURES

“No-Fee” Offer Begins February 1, 2003


CHICAGO, January 28, 2003 – Peregrine Financial Group, Inc. (PFG), a leading multi-product global futures broker, announced today an unprecedented “No Commission –No Fee” Trading Program for Single Stock Futures (SSF).

The Program will run the entire month of February and allow investors to trade SSFs without any brokerage commission, exchange fees or regulatory fees. This is the first time that a futures broker has created such an offer for a newly traded instrument.

Any current or new PFG customer can take advantage of this offer as they place their trades through BEST Direct Online Trading System (the highly recognized electronic trading system designed and operated by PFG).

PFG Chairman & CEO, Russell R. Wasendorf, Sr., said, “We believe in this new product and we have removed the barriers to entry in order to incentivize investors to use these flexible and important instruments. PFG is not charging a commission and is paying all applicable fees including all regulatory fees. Because we know that the traders who enjoy the greatest long-term satisfaction are those who are educated about products and instruments, we are offering free materials on trading futures as well as a free subscription to SFO Magazine, The Official Journal of Single Stock Futures, Stock Index Futures and Stock Options (SFOmag.com). By waving our commission, taking responsibility for regulatory fees, and offering an abundance of educational material in the form of SFO, PFG is making every effort to bring Single Stock Futures to the entire trading community.”

On-line registration for this offer can be accessed through: www.pfgbest.com

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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