Meridian Investment Management Adds to Sales and Marketing Staff.

Business Editors

GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--Sept. 25, 2003

To support its growing distribution, Meridian Investment Management Corporation (Meridian), adviser to the ICON family of mutual funds, has hired two new professionals in its Sales and Marketing Department.

Steve Anderson has been hired as a Regional Vice President performing wholesaling activities in the northwest United States. Anderson brings 21 years of financial services experience to the position through his portfolio management, investment advisory, and wholesaling experience. Anderson previously served as a wholesaler for AssetMark Investment Services. Anderson is a Certified Financial Planner and a graduate of Babson College.

Brian Rotter has also joined Meridian's Sales & Marketing Department in a new position of Key Account Manager. Rotter brings nine years of industry experience and most recently held a similar position at INVESCO Funds Group. He will be responsible for increasing ICON Fund distribution through New York Stock Exchange regional firms and wirehouses. Rotter started his career with Colonial Funds and previously served as a retirement relationship manager, internal wholesaler, and key account manager for INVESCO. He is a graduate of Colorado State University.

Meridian is a valuation-based asset manager that utilizes industry rotation with a sector tilt to identify market themes in the U.S. and overseas. Headquartered near Denver, Colorado, Meridian has more than $1.4 billion in assets under management.

Editor's Note: Securities and Exchange Commission regulations require the following statement in this press release: There are risks associated with mutual fund investing, including the risk of loss of principal. An investment in a sector fund may involve greater risk and volatility than a diversified fund. Investments in foreign securities may entail unique risks, including political, market and currency risks.

Call 1-800-764-0442 or visit us online at www.iconfunds.com for a current prospectus, which contains more complete information, including charges, expenses, share classes, and risks. Please read the prospectus carefully before you invest or send money. Meridian Clearing Corporation, Distributor.