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Free Enterprise Action Fund (Ticker: FEAOX) Calls for Warning Labels on Mercury-Containing Compact Fluorescent Light Bulbs

U.S. Newswire, May, 2007

To: RETAILING EDITORS

Contact: Audrey Mullen, 1-703-548-1160, for the Free Enterprise Action Fund

WASHINGTON, May 21 /PRNewswire-USNewswire/ -- Action Fund Management, LLC (AFM), the investment advisor to the Free Enterprise Action Fund (Ticker: FEAOX), announced today that it petitioned the Consumer Product Safety Commission (CPSC) to issue consumer warning labels on mercury- containing compact florescent light bulbs (CFLs).

The FEAOX (http://www.FEAOX.com) is seeking warning labels for CFLs to alert consumers that accidental breakage and disposal of CFL debris poses a serious risk to human health and environment, according to federal and state regulators. Through this action, FEAOX seeks to protect its investment in companies that manufacture and sell CFLs...

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