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Gaming and Casino Fund shareholders approved deal

DALLAS, Texas -- (PRESS RELEASE) -- Gaming and Casino Fund (NASDAQ: GACFX) shareholders have approved new organizational arrangements and a Distribution Agreement between the Fund, Ahrens Advisors L.P., and Ladenburg Thalmann Asset Management Inc., a wholly owned subsidiary of Ladenburg Thalmann & Co. Inc. (AMEX: LTS).

Dan Ahrens of Ahrens Advisors, L.P., who founded the Fund in March of 2006, will continue to manage the Fund on a daily basis as the Fund's sub-advisor. Ladenburg Thalmann Asset Management Inc. will serve as the Fund's new Investment Manager. Ladenburg Thalmann & Co. Inc. is the Fund's new principal underwriter and distributor.

"Up until this point, the fund was not actively marketed or distributed to the public. We expect the new arrangements with Ladenburg Thalmann will allow for more exposure. Ladenburg Thalmann is an old, established firm with great resources that can really help this Fund grow," said Dan Ahrens, Portfolio Manager.

Philip Blancato, President of Ladenburg Thalmann Asset Management Inc., said, "Ahrens started a Fund with a very good concept specializing in the gaming and casino sector. We plan to take this Fund to the next level by greatly increasing the Fund's public exposure and its availability in the brokerage community."

The Fund invests at least 80% of its assets in casinos, gaming manufacturers, pari-mutuel companies, and lottery support systems, as well as electronic/video game developers, manufacturers, and distributors. It is the only U.S. mutual fund to specialize in the gaming and casino industries.

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