NEWS RELEASE

21st Century Investor Publishing Enters Licensing Agreement With Phil Erlanger Research

FOR IMMEDIATE RELEASE -- Boca Raton, Florida, March 26, 2001 -- 21^st Century Investor Publishing,Inc. and Phil Erlanger Research Co, Inc. today announced that they have reached a licensing agreement under which 21st Century Investor Publishing will utilize the institutional-quality Erlanger 2000 Data Series to expand upon its research and analysis to its existing subscriber base.

21st Century Investor Publishing plans to incorporate Erlanger's award-winning, quantitative indicators into its best-selling real-time trading service, 21st Century Alert, offering subscribers a unique and disciplined way to capitalize on trends and changes in relative strength and market sentiment.

"Erlanger 2000 contains the right mix of proprietary quantitative measures with a state- of-the-art monitoring platform to add the greatest value to our trading and investing process," said David Nichols, Editor of 21st Century Alert. "Never before has such comprehensive price- movement and sentiment analysis been available to individual investors."

"We are very pleased to be working with the nation's fastest- growing independent financial research firm," said Phil Erlanger, Chief Executive Officer of Phil Erlanger Research Co, Inc. "We are confident that 21st Century Investor Publishing has the experience and existing customer relationships to introduce components of the Erlanger 2000 Data Series to a large audience of active retail investors."

About 21st Century Investor Publishing, Inc.

Founded in 1997, 21st Century Investor Publishing, Inc. is the first independent equity research firm to use Intangible Analysis to measure the things that don't appear on the balance sheet, first.

Unlike newsletters or brokerage firm research, 21st Century Investor Publishing does not accept advertising or underwriting fees and has no business relationships whatsoever with the companies its analysts cover.

The firm's original research and recommendations are published monthly in 21st Century Investor. The company's weekly publications and real-time electronic trading services include: 21st Century Alert, 21st Century Options, Asia Technology Alert and Asian Options Hotline. For subscription information, log on to www.21stcenturyinvestor.com or call 1-800- 931-9137.

About Phil Erlanger Research Co, Inc.

Phil Erlanger Research provides advanced technical analysis research and data to the corporate and institutional financial community. State-of-the-art computational techniques are combined with important, proprietary market data, enabling Phil Erlanger Research to offer independent, value-added data and analysis on over 6,000 equity issues, 139 industry groups and 18 sectors.

Following his experience as Advest's Chief Technical Analyst in the 1980s, and his five- year tenure as Senior Technical Analyst for Fidelity Management & Research Co., Inc., Philip B. Erlanger formed his own company with the goal of providing high quality, unique information and research to institutions. Mr. Erlanger is CEO of Phil Erlanger Research Co Inc., and is currently serving a second term as President of the Market Technicians Association.

###

For Information Contact:
Mark Hirsch
Vice President, Corporate Communications
21st Century Investor Publishing
1 (800) 933-0213
media@21stcenturyinvestor.com