Global Network Navigator Presents Investment Strategies for the 21st
Century: First Investment Book Published on the Internet

Berkeley, CA--August 8, 1995-- Thousands of Internet users are learning how
to make smarter investments as they read Investment Strategies for the
21st Century, a book being posted chapter by chapter in the Global Network
Navigator's (GNN) Personal Finance Center, according to an announcement
made today by GNN, a subsidiary of America Online, Inc. Every two weeks
author Frank Armstrong adds a new chapter based on his experience
counseling investors for more than twenty years.

"Our forefathers enjoyed a kind of financial security vastly different from
what most Americans can expect now and in the future, " said Armstrong.
"Today, forced early retirements, cuts in social security benefits, and
dramatic increases in the average American's life expectancy require that
people begin investing their money differently. Disregarding these
environmental changes is like driving while looking through the rearview
mirror - it ignores what lies ahead. Yet, large brokerage houses still
blindly focus on turnover and a transaction based short term approach. I
advocate a research-based long term approach similar to what many billion
dollar institutions employ. I'm writing Investment Strategies for the 21st
Century to help individuals understand how to achieve investment success
as if they had the resources and sophistication of a giant institution.
I'm trying to even the playing field for smaller investors."

Armstrong has already written seven chapters of his investment book which
is the first of its kind to be published on the Internet. In addition,
Armstrong includes his own investment reading list, suggests helpful
industry resources and recommends strong investment software programs.
Readers can also explore the vast financial resources located in GNN's
Personal Finance Center including fifteen minute-delayed stock quotes,
extensive stock and mutual fund date, tax forms and electronic Security
Exchange Commission filings.

The Advice of an Expert Combined with the Power of the Internet

By combining investment advice from a recognized expert with the timely and
interactive capabilities of the Internet, GNN is providing a strong
alternative to both traditional stock market reporting and the common
anonymity of the Internet.

"Frequently the public has no idea who has authored online editorial or
what their agenda might be," said Robert Carrol, editor of GNN's Personal
Finance Center. "GNN is providing a qualified - and free - venue for
consumers, browsers, or investors in this case, to find good information.
And readers can send Armstrong their questions, comments and opinions
immediately - the first one Armstrong received came from a Ph. D.
candidate on mainland China twenty minutes after the first chapter was put
online. It's obvious to us at GNN that Frank has really struck a chord
among investors worldwide."

How to Get There

Investment Strategies for the 21st Century is available to anyone with a
full connection to the Internet and any WWW browser. Point browsers to
http://gnn.com, the GNN home page, and click on the Personal Finance
Center icon. Then simply point and click your way to Frank Armstrong's
Introductory chapter. GNN is also available as text to user of Lynx, a
text only browser.

About Frank Armstrong

Frank Armstrong is the founder and principal of Managed Account Services,
Inc. a fee-only registered investment advisor. Mr. Armstrong founded the
service in 1991 to bring economical, institutional-quality investment
management to wealthy individuals. Today the firm has grown to more than
$27 million under management for more than 200 accounts. Mr. Armstrong
holds a B.A. in economics from the University of Virginia, and is both a
chartered life underwriter (CLU) and a certified financial planner. He has
more than 22 years' experience in the securities and financial services
industry.

An Opportunity for Sponsorship

GNN is an advertiser-supported publication. Accessed more than two million
times per week, the publication offers companies a powerful medium in
which to build brand identity an generate traffic from GNN pages to
existing World Wide Web (WWW) sites through the use of the GNN Traffic
Link and sponsorship programs. Currently the Personal Finance Center is
sponsored by Money Forte.

About GNN

GNN was acquired by America Online, Inc. in June 1995. First launched in
August 1993, GNN is widely recognized as an Internet publishing pioneer.
GNN provides its readers with "The Whole Internet Catalog" -- a reviewed
directory of the best resources on the Internet organized by subject area.
It is one of the leading sources for online publications on travel,
personal finance, sports and insightful and entertaining articles about
the culture and people of the Internet. GNN can be accessed on the
Internet at http://gnn.com.
 
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