New York, NY - June 15, 2010

Nile Capital Management, LLC, announced the availability of the Nile Pan Africa Fund (NAFAX) on four major brokerage platforms today. We believe that the Nile Pan Africa Fund is the only actively managed mutual fund available to US investors focusing exclusively on investment opportunitie! s in Africa and covering the entire continent. The fund has been added to the Charles Schwab, Fidelity, Pershing and Scottrade platforms. It is also available on the Sterne Agee platform.

"We are excited to be working with these platforms in bringing to their clients the opportunity of gaining comprehensive access to African markets," said Robert Roach, Chief Operating Officer at Nile Capital Management. "We are particularly pleased that the fund is now available to the RIA and independent broker community. The enthusiastic response we have received from these platforms further demonstrates the strong interest in gaining exposure to one of the fastest growing regions in the world," he added.

The investment objective of the Nile Pan Africa Fund is to provide long-term capital appreciation by primarily investing in stocks of African-based companies. The Fund diversifies broadly among the most attractive countries in Africa, identified through top-down macroeconomic analysis of Africa's 53 countries. The investment team then employs bottom-up fundamental analysis to determine the most attractive companies in selected markets.

"We are encouraged to see that major brokerage platforms have acted quickly to add the Nile Pan Africa Fund to their rosters," said Larry Seruma, portfolio manager of the fund. "Africa's low correlation to global markets offers the potential to add return to your portfolio while lowering overall risk; diversify your investment; and deepen or actively manage your allocation to emerging markets," Seruma added.

About Nile Capital Management, LLC

Nile Capital Management, the Advisor to the Nile Africa series of funds, is a New York-based asset management firm with in-depth investment expertise that covers the entire African continent, from Cairo to Cape Town.  By focusing on Africa, the company seeks to identify and capitalize on the best investment opportunities in the continent and expand investor's access to emerging/frontier markets. Additional information is available at www.nilefunds.com.

Investors should carefully consider the investment objectives, risks, charges and expenses of the Nile Pan Africa Fund. This and other important information about the Fund is contained in the prospectus, which can be obtained by calling 1-877-68-AFRICA or visiting www.nilefunds.com. The prospectus should be read carefully before investing. The Nile Pan Africa Fund is distributed by Northern Lights Distributors, LLC member FINRA.

Mutual Funds involve risk, including possible loss of principal.  Because the Fund will invest the majority of its assets in African companies, it is highly dependent on the state of the African economy and the financial prospects of specific African companies.  Certain African markets are in only the earliest stages of development and may experience political and economic instability, capital market restrictions, unstable governments, weaker economies and less developed legal systems with fewer security holder rights.  Adverse changes in currency exchange rates may erode or reverse any potential gains from the Fund's investments. ETF's are subject to specific risks, depending on the nature of the underlying strategy of the fund. These risks could include liquidity risk, sector risk, as well as risks associated with fixed income securities, real estate investments, and commodities, to name a few. Non-diversification risk, as the Funds are more vulnerable to events affecting a single issuer. Investments in underlying funds that own small and mid-capitalization companies may be more vulnerable than larger, more established organizations.

0842-NLD-6/14/2010


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