Denali Expands Product Offerings

Fri, 2 Feb 2007 16:26:20 -0600

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Scott Ramsey of Denali Asset Management LLLP and Terri Engelman-Rhoads of
Midwest Management Group, Inc are pleased to announce the formation of
Denali Investment Group, LLC (DIG).  Based in Chicago, Illinois, DIG is a
subsidiary company of Denali Asset Management, LLLP, a US Virgin Island
based company that manages a successful global macro hedge fund. 

The alliance between Ramsey and Engelman-Rhoads is the culmination of a
strong working relationship as a portfolio manager and hedge fund allocator
dating back more than 17 years. 

Ramsey, who has been a discretionary trader for over 27 years, runs a
successful global macro hedge fund business.  He founded Denali Asset
Management in 1994 and launched his global macro fund, Denali Partners, LP,
in June of 2000.  He sees Denali Investment Group as a valuable expansion of
his business, which will allow Denali to offer additional products and
services to investors.  Ramsey will continue to devote all of his efforts
towards the management of Denali's current global macro strategy while Brad
Lenhart, Denali's Chief Operating Officer, will oversee the business
operations of DIG along with Engelman-Rhoads. 

Engelman-Rhoads, who is the President of DIG, brings to the group 18 years
of experience and extensive knowledge creating and managing multi strategy
platforms.  She created the first fund of hedge funds for the Guggenheim
Group when it was newly formed in 2000.  Additionally, she has created
numerous multi-manager, multi-strategy, fully transparent managed account
platforms for several groups of non-US institutions. 

In addition to the global macro program, Denali's new family of funds will
include an equity long/short fund, a directional fund, a multi-strategy fund
and a proprietary hedge overlay for long only strategies.  

DIG is supported by an existing operational infrastructure which manages
approximately $150 million in assets and includes twelve financial
professionals in St. Croix, US Virgin Islands and Chicago, Illinois.

For additional information, contact Terri Engelman-Rhoads 312-980-2050 or
Brad Lenhart 340-778-7744.

Megan Arias

Director of Investment Services

Denali Asset Management, Ltd.

an affiliate of Denali Asset Management, LLLP

P (773) 685-1733 

F  (773) 685-1734 

megan@denalifunds.com

 DISCLAIMER: An investment with Denali Asset Management, LLLP is risky and
only risk capital should be used.  Past performance should not be viewed as
an indication of future results. 

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<p class=3DMsoNormal align=3Dcenter style=3D'text-align:center'><font =
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<p class=3DMsoNormal style=3D'text-align:justify'><font size=3D2
face=3D"Times New Roman"><span =
style=3D'font-size:11.0pt'><o:p>&nbsp;</o:p></span></font></p>

Scott Ramsey =
of <st1:place
w:st=3D"on">Denali</st1:place> Asset Management LLLP and Terri =
Engelman-Rhoads of
Midwest Management Group, Inc are pleased to announce the formation of =
Denali
Investment Group, LLC (<st1:stockticker =
w:st=3D"on">DIG</st1:stockticker>).&nbsp;
Based in <st1:place w:st=3D"on"><st1:City =
w:st=3D"on">Chicago</st1:City>, <st1:State
 w:st=3D"on">Illinois</st1:State></st1:place>, <st1:stockticker =
w:st=3D"on">DIG</st1:stockticker>
is a subsidiary company of Denali Asset Management, LLLP, a US Virgin =
Island
based company that manages a successful global macro hedge fund. =
<o:p></o:p>

<p class=3DMsoNormal style=3D'text-align:justify'><font size=3D2
face=3D"Times New Roman"><span =
style=3D'font-size:11.0pt'><o:p>&nbsp;</o:p></span></font></p>

The alliance =
between
Ramsey and Engelman-Rhoads is the culmination of a strong working =
relationship
as a portfolio manager and hedge fund allocator dating back more than 17 =
years.
<o:p></o:p>

<p class=3DMsoNormal style=3D'text-align:justify'><font size=3D2
face=3D"Times New Roman"><span =
style=3D'font-size:11.0pt'><o:p>&nbsp;</o:p></span></font></p>

Ramsey, who =
has been a
discretionary trader for over 27 years, runs a successful global macro =
hedge
fund business.&nbsp; He founded Denali Asset Management in 1994 and =
launched
his global macro fund, Denali Partners, LP, in June of 2000.&nbsp; He =
sees
Denali Investment Group as a valuable expansion of his business, which =
will
allow <st1:place w:st=3D"on">Denali</st1:place> to offer additional =
products and
services to investors.&nbsp; Ramsey will continue to devote all&nbsp;of =
his
efforts towards the management of Denali's current global macro =
<st1:PersonName
w:st=3D"on">str</st1:PersonName>ategy while Brad Lenhart, <st1:place =
w:st=3D"on">Denali</st1:place>'s
Chief Operating Officer, will oversee the business operations of =
<st1:stockticker
w:st=3D"on">DIG</st1:stockticker> along with Engelman-Rhoads. =
<o:p></o:p>

<p class=3DMsoNormal style=3D'text-align:justify'><font size=3D2
face=3D"Times New Roman"><span =
style=3D'font-size:11.0pt'><o:p>&nbsp;</o:p></span></font></p>

Engelman-Rhoads, who is
the President of <st1:stockticker w:st=3D"on">DIG</st1:stockticker>, =
brings to
the group 18 years of experience and extensive knowledge creating and =
managing
multi <st1:PersonName w:st=3D"on">str</st1:PersonName>ategy platforms. =
&nbsp;She
created the first fund of hedge funds for the Guggenheim Group when it =
was
newly formed in 2000.&nbsp; Additionally, she has created numerous
multi-manager, multi-<st1:PersonName =
w:st=3D"on">str</st1:PersonName>ategy, fully
transparent managed account platforms for several groups of non-US
institutions. <o:p></o:p>

<p class=3DMsoNormal style=3D'text-align:justify'><font size=3D2
face=3D"Times New Roman"><span =
style=3D'font-size:11.0pt'><o:p>&nbsp;</o:p></span></font></p>

In addition to =
the global
macro program, <st1:place w:st=3D"on">Denali</st1:place>&#8217;s new =
family of
funds will include an equity long/short fund, a directional fund, a
multi-strategy fund and a proprietary hedge overlay for long only =
strategies.
&nbsp;<o:p></o:p>

<p class=3DMsoNormal style=3D'text-align:justify'><font size=3D2
face=3D"Times New Roman"><span =
style=3D'font-size:11.0pt'><o:p>&nbsp;</o:p></span></font></p>

<p class=3DMsoNormal style=3D'text-align:justify'><st1:stockticker =
w:st=3D"on"><font
 size=3D2 face=3D"Times New Roman"><span =
style=3D'font-size:11.0pt'>DIG</span></font></st1:stockticker><font
size=3D2><span style=3D'font-size:11.0pt'> is supported by an existing =
operational
infra<st1:PersonName w:st=3D"on">str</st1:PersonName>ucture which =
manages
approximately $150 million in assets and includes twelve financial
professionals in <st1:City w:st=3D"on">St. Croix</st1:City>, =
<st1:country-region
w:st=3D"on">US</st1:country-region> Virgin Islands and <st1:place =
w:st=3D"on"><st1:City
 w:st=3D"on">Chicago</st1:City>, <st1:State =
w:st=3D"on">Illinois</st1:State></st1:place>.<o:p></o:p></span></font></p=
>

<p class=3DMsoNormal style=3D'text-align:justify'><font size=3D2
face=3D"Times New Roman"><span =
style=3D'font-size:11.0pt'><o:p>&nbsp;</o:p></span></font></p>

<p class=3DMsoNormal style=3D'text-align:justify'><font size=3D2
face=3D"Times New Roman"><span style=3D'font-size:11.0pt'>For additional
information, contact Terri Engelman-Rhoads 312-980-2050 or Brad Lenhart
340-778-7744.<o:p></o:p></span></font></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;
font-family:Arial'><o:p>&nbsp;</o:p></span></font></p>

<p class=3DMsoNormal><font size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;
font-family:Arial'><o:p>&nbsp;</o:p></span></font></p>

<p class=3DMsoNormal><font size=3D3 face=3D"Arial Narrow"><span =
style=3D'font-size:
12.0pt;font-family:"Arial Narrow"'>Megan =
Arias</span></font><o:p></o:p></p>

<p class=3DMsoNormal><font size=3D3 face=3D"Arial Narrow"><span =
style=3D'font-size:
12.0pt;font-family:"Arial Narrow"'>Director of Investment =
Services<o:p></o:p></span></font></p>

<p class=3DMsoNormal><font size=3D3 face=3D"Arial Narrow"><span =
style=3D'font-size:
12.0pt;font-family:"Arial Narrow"'>Denali Asset Management, =
Ltd.<o:p></o:p></span></font></p>

<p class=3DMsoNormal><font size=3D3 face=3D"Arial Narrow"><span =
style=3D'font-size:
12.0pt;font-family:"Arial Narrow"'>an affiliate of Denali Asset =
Management,
LLLP</span></font><o:p></o:p></p>

<p class=3DMsoNormal><font size=3D3 face=3D"Arial Narrow"><span =
style=3D'font-size:
12.0pt;font-family:"Arial Narrow"'>P <U1:PHONE phonenumber=3D"$6685$$$" =
o_x003a_ls=3D"trans"><U1:PHONE phonenumber=3D"$6685$$$" =
o_x003a_ls=3D"trans">(773)
<U1:PHONE phonenumber=3D"$6685$$$" o_x003a_ls=3D"trans"><U1:PHONE =
phonenumber=3D"$6685$$$" =
o_x003a_ls=3D"trans">685-1733</span></font></U1:PHONE></U1:PHONE></U1:PHO=
NE></U1:PHONE><font
size=3D4 color=3Dmaroon face=3D"Wingdings 2"><span =
style=3D'font-size:13.5pt;
font-family:"Wingdings 2";color:maroon'> <o:p></o:p></span></font></p>

<p class=3DMsoNormal><font size=3D3 color=3Dblack face=3D"Arial =
Narrow"><span
style=3D'font-size:12.0pt;font-family:"Arial =
Narrow";color:black'>F</span></font><font
size=3D2 color=3Dblack face=3D"Arial Narrow"><span =
style=3D'font-size:10.0pt;
font-family:"Arial Narrow";color:black'>&nbsp; </span></font><font
face=3D"Arial Narrow"><span style=3D'font-family:"Arial =
Narrow"'><U1:PHONE phonenumber=3D"$6685$$$" =
o_x003a_ls=3D"trans"><U1:PHONE phonenumber=3D"$6685$$$" =
o_x003a_ls=3D"trans">(773)
<U1:PHONE phonenumber=3D"$6685$$$" o_x003a_ls=3D"trans"><U1:PHONE =
phonenumber=3D"$6685$$$" =
o_x003a_ls=3D"trans">685-1734</span></font></U1:PHONE></U1:PHONE></U1:PHO=
NE></U1:PHONE><font
size=3D4 color=3Dmaroon face=3D"Wingdings 2"><span =
style=3D'font-size:13.5pt;
font-family:"Wingdings 2";color:maroon'> </span></font><font size=3D2
color=3Dblack face=3D"Arial Narrow"><span =
style=3D'font-size:10.0pt;font-family:"Arial Narrow";
color:black'><o:p></o:p></span></font></p>

<p class=3DMsoNormal><font size=3D3 face=3D"Arial Narrow"><span =
style=3D'font-size:
12.0pt;font-family:"Arial Narrow"'><a =
href=3D"mailto:megan@denalifunds.com"
title=3D"mailto:megan@denalifunds.com">megan@denalifunds.com</a></span></=
font><o:p></o:p></p>

<p class=3DMsoNormal><u><font size=3D3 face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbs=
p;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp=
;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;=
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&=
nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&n=
bsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nb=
sp;&nbsp;&nbsp;
<o:p></o:p></span></font></u></p>

<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><font
size=3D3 face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt'>&nbsp;<strong><b><font
face=3D"Times New =
Roman">DISCLAIMER:</font></b></strong></span></font><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'> An
investment with Denali Asset Management, LLLP is risky and only risk =
capital
should be used.&nbsp; Past performance should not be viewed as an =
indication of
future results.&nbsp;</span></font><o:p></o:p></p>

<p class=3DMsoNormal><font size=3D3 face=3D"Times New Roman"><span =
style=3D'font-size:
12.0pt'><o:p>&nbsp;</o:p></span></font></p>

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