NEWS RELEASE

Analysts Put Gates' Portfolio To The Test Report Published This Month In 21St Century Investor

FOR IMMEDIATE RELEASE - Boca Raton, Florida (May 21, 2001) - Independent equity research firm, 21st Century Investor Publishing, Inc., announced today that it has issued a special report, which examines the investment portfolio of Microsoft (Nasdaq: MSFT) founder, Bill Gates.

"Like any savvy investor, Mr. Gates has a diversified portfolio. He's been investing heavily in companies other than Microsoft for years," said publisher, James DiGeorgia. "We've uncovered over a dozen companies that, according to recent records, Mr. Gates has taken a major stake in. After running them all through Intangible Analysis, seven of these stocks turn out to be very shrewd picks."

"At first, readers may be taken aback, as we were, by the relative lack of rapidly growing high-tech firms and the over-representation of plain, sturdy, butter-and-egg industrials in Gates' portfolio. Upon reflection, we figured that maybe Mr. Gates, for all his zeroes, would rather have a sure thing than a lot of excitement," he concluded.

21st Century Investor's special report on Bill Gates' portfolio is free to investors with an $8 trial subscription. Log on to www.21stcenturyinvestor.com or call 1-800-931-9137 for your copy.

About 21^st Century Investor Publishing, Inc.

Founded in 1997, 21^st 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, 21^st 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 21^st Century Investor. The company's weekly publications and real-time electronic trading services include: 21^st Century Alert, 21^st Century Options, Asia Technology Alert and Asian Options Hotline. For subscription information, log on to www.21stcenturyinvestor.com or call 1-800-931-9137.

"Safe Harbor" Statement

The statements contained in this release, which are not historical facts, are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by such forward-looking statements. In many cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential," or "continue," or the negative of such terms and other comparable terminology. For each of these statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.

###

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