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MEDIA ALERT
For (Carl Birkelbach, President & CEO, Birkelbach Investment Securities Inc.)

WHAT: HE'S BACK! The Return of the “Lone Bull” as a media resource for stock market forecasts and analysis.

WHO: Carl M. Birkelbach, founder, chairman and chief executive of Chicago’s Birkelbach Investment Securities (BIS) Inc. Birkelbach was one of the few stock market commentators who, in the market doldrums of the 1970’s and early 1980’s, foresaw the bull market of the rest of the 1980’s and 1990’s. (See the enclosed “BIRKELBACH SAYS A BIG UPMOVE IS COMING” in Barron’s from 1982). The investment community knew Birkelbach as the Lone Bull.

HOW: Birkelbach’s Investment Strategy Letter and Technical Current Market Comment, bringing his long record of accurate forecasts and analysis to the questions nagging readers and viewers of financial news, still shell-shocked from the bear market and corporate scandals.

NOW: While Birkelbach has published 524 Investment Strategy Letters for his firm’s predominantly high net worth clients since 1975, this mailing is their first release to the media since 1995. Enclosed is the late July 2003 edition, addressing:
· Is the Bear Market over?
· Will the Current Rally continue?
· Has a New Bull Market started?

Also enclosed: “Stock Market Forecasting Through Charting,” Birkelbach’s classic explanation of the technical approach to forecasting.

WHEN: Birkelbach will now be sending his Strategy Letter and Technical Comment on a monthly basis – or when a strategic change in the market situation warrants -- to key financial journalists who find them useful.

FOR MORE INFORMATION or to interview Carl Birkelbach on what’s happening in the market and why or the technical approach to forecasting, please contact:

If you don’t care to receive The Investment Strategy Letter and Technical Current Market Comment, please notify Hammons as well.