Obama Selects 'Worst CEO of 2008' to Economic Advisory Panel, Says the Free Enterprise...

Obama Selects 'Worst CEO of 2008' to Economic Advisory Panel, Says the Free
Enterprise Action Fund (Ticker: FEAOX); How Does Running GE into the Ground
Qualify CEO Jeff Immelt to Help Steer Nation in Time of Crisis, Mutual Fund
Asks

WASHINGTON, Feb. 10 /PRNewswire-USNewswire/ -- President Obama's selection of
GE CEO Jeff Immelt as a member of his economic advisory panel raises questions
about the panel's financial acumen, competence, and patriotism.

"Immelt's selection can't be based on his performance as CEO or loyalty to our
country," said Tom Borelli of Action Fund Management (AFM), the investment
adviser to the Free Enterprise Action Fund (Ticker: FEAOX), a publicly-traded
mutual fund. Immelt was ranked as one of the Five Worst
Non-Financial-Crisis-Related CEOs of 2008, by the FEAOX in December 2008.

"Under Immelt's leadership, GE's share price has dropped to 14-year lows and
has underperformed in both bull and bear stock markets," said Borelli. GE
Seems to be facing its own economic crisis brought about by Immelt:
-- Late last year GE was forced to raise about $15 billion to assist GE
Capital - its ailing finance unit;
-- The Federal Deposit Insurance Corp is temporarily guaranteeing up to
$139 billion of GE's financial unit's debt; and
-- Stock analysts and bond rating agencies recently stated that GE's
triple-A credit rating and its dividend are in jeopardy.

Immelt has also consistently defended GE's right to profit from business
dealings with the government of Iran - a state sponsor of terror, Borelli
said. GE's customers included government owned electrical utilities and the
Minister of Oil despite the fact that the CIA stated that it's the Iranian
government's policy to "facilitate the killing of Americans in Iraq."

In defending its business dealings with Iran to the U.S. Securities and
Exchange Commission, GE stated that, "The issue of whether to conduct business
in certain countries is complex; we must take into account not only the views
of the U.S. Government but all relevant stakeholders." GE conducted business
with Iran until mid-2008.

"Given Immelt's track record we're astonished that Obama would select him to
an advisory board," said Borelli. "But let's not forget that GE is one of the
biggest players in the Washington D.C. political scene - spending an average
of over $20 million annually for lobbying over the past four years."

"We also wonder whether Immelt promised to promote Obama's green agenda though
NBC's vast media empire. Timely news and entertainment programming could
advance public support of cap-and-trade legislation to address global warming
which might mandate sales of GE wind turbines - creating a win-win for Obama
and Immelt, but a lose-lose, we believe, for consumers, taxpayers and GE
shareholders," Borelli said.

The FEAOX owns approximately 8,000 shares of GE stock.

By investing in the FEAOX (http://www.FEAOX.com), individuals can participate
in the global warming debate while having an opportunity to earn a financial
return through ownership of a large-cap mutual fund. With a minimum investment
of $2,500, individuals can join FEAOX effort to make CEOs justify their
positions on global warming. FEAOX is available exclusively through Northern
Lights Distributors LLC, (applications may be obtained at
http://www.FEAOX.com/how.html), and through E*Trade Financial, Scottrade, TD
Ameritrade and HSBC.

Mutual Funds involve risk including the possible loss of principal.

An investor should consider the Free Enterprise Action Fund's investment
objective, risks, charges, and expenses carefully before investing. This and
other information about the Funds is contained in the fund's prospectus
www.freeenterpriseactionfund.com/pdfs/free_enterprise_prospectus.pdf, which
can be obtained by calling 1-800-766-3960). Please read the prospectus
carefully before investing. Distributed by Northern Lights Distributors, LLC,
member FINRA/SIPC.

To schedule an interview with Dr. Tom Borelli, contact Amber Christian at
703-548-1160

SOURCE Free Enterprise Action Fund

Amber Christian, +1-703-548-1160, for Free Enterprise Action Fund