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July 25, 2003 ValuEngine Beats the Bear Better than Zacks Williamstown, MA-July 24, 2003 - Since the early months of 2000, stock markets have suffered a bear market. From 2000 through 2002, both ValuEngine and Zacks yielded greater growth than the S&P 500, the NASDAQ, and the Dow. Yet, for all those years, according to ValuEngine and Zacks back testing information available on their respective websites, the yield of the ValuEngine 5-engine model beat the yield of the Zacks Rank model, by 4% in 2000, over 9% in 2001, and over 4% in 2002. Thus, an investor who put in $10,000 between 2000 and 2002 would have had a portfolio worth $16,705 using the ValuEngine model, but worth $14,377 using the Zacks Rank model. ValuEngine uses a proprietary quantitative model pioneered by a team led by Yale Finance Professor Zhiwu Chen. "ValuEngine's model provides compelling results for both retail and institutional clients. We've been following them for a couple years and they appear to be a clear future leader in the independent research space," remarked Arik Keller, President of MindBranch, Inc., a leading market research provider partnered with ValuEngine. Such absolute independence coupled with a superior growth record poise ValuEngine to take advantage of the Wall Street securities settlement, which requires ten leading investment banks to spend $432.5M on independent research. "MindBranch's eleven years of experience in the research industry teamed with our top-performing model creates a formidable partnership," said Paul Henneman, President of ValuEngine. "We're very pleased with the performance of our models relative to both the markets and other leading independent research providers," added Henneman.. About ValuEngine
ValuEngine, founded in 1997, is a stock valuation, investment forecasting service. The company was co-founded by Dr. Zhiwu Chen, a professor of finance at Yale University's School of Management. Dr. Chen, with the ValuEngine research team, developed and tested the VE Stock Valuation Model, econometric models for forecasting, and the VE portfolio construction, tracking and advisory products. For more information visit www.valuengine.com or call 1-305-913-1354. About MindBranch, Inc.
MindBranch, founded in 1992, is a market research services company providing research from 350 leading research firms. Clients benefit from a single, objective source for their research needs, saving time and resources. MindBranch distributes market research reports, stock research, newsletters, directories, subscriptions, and custom research in over 130 industry segments. For more information visit www.mindbranch.com or call 1-800-774-4410 or 1-413-458-7600.
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