HEDGE FUND ASKS SIMMONS, JANNACE & STAGG, LLP TO REPRESENT IT IN CONNECTION WITH DEPARTMENT OF LABOR INVESTIGATION

January 4, 2005 … East Meadow, New York

Simmons, Jannace & Stagg, LLP announced today that a global trading advisor managing over $900 million in institutional capital has asked the firm to represent it in connection with an ongoing Department of Labor investigation. The firm is assisting the global advisor in connection with allegations concerning the employment of independent contractors at the firm. Simmons, Jannace & Stagg is providing legal advice concerning pertinent state laws and is negotiating with the Department of Labor concerning its investigation.