The firm's clients include national
pharmacy chains and pharmacy benefit management companies (PBMs ),
healthcare providers, real estate developers, institutional lenders, and
publicly held and emerging growth companies.----WFG Capital
Advisors LP, a leading investment banking firm to the insurance
industry, announced today that it has entered into an exclusive
agreement with The National Underwriter Company for publication and
distribution of Insurance M+A Insights - 2005 Industry Sourcebook.

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The National Underwriter brand will allow WFG's authored publication
to be more widely distributed throughout the market.

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According to Robert Lieblein, President of WFG, "We are extremely
pleased to be affiliated with such a highly regarded industry leader.
We're very glad to be able to bring WFG's deep analysis and insights
to our readers and users, with the added value the resources of this
media company brings.

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phoenixlawgroup. National Underwriter and WFG are also planning an
upcoming web seminar scheduled for March 22, along with other live
seminars throughout the United States.

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Nationally recognized pharmacy benefit and
operations attorneys Laurel Wala, Samantha Brown and Cami Agena of the
Phoenix Law Group (PLG) of Feldman Brown Wala Hall & Agena will serve as
faculty at the Fourth Annual In-House Counsel Forum on Government
Regulation of Prescription Drug Pricing Conference on Thursday January 26th
and Friday, January 27th at the InterContinental: The Barclay New York
City."
Jim Keefe, Managing Director of National Underwriter Co.'s
Professional Publishing Division stated, "This is critical information
to large segments of National Underwriter Company 's audiences - from
insurance company executives who need to know what is going on in the
industry M+A activity to lawyers, bankers, businessmen on to the
independent agency owner who has to be aware of trends and events
effecting the value and business opportunities of his or her business.

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Presentations and workshops include:

Laurel Wala will deliver a presentation on "PBMs and Pricing
Transparencies " that will address the status of transparency legislation
and litigation in the states; the impact of the pricing disclosure
requirements of the Medco Health consent order; and what provisions
manufacturers , PBMs and health plans should include in contracts to protect
themselves. "They
have the
in -depth experience, knowledge and understanding of the issues and
challenges facing PBMs and pharmaceutical companies needed to help to
educate and inform our attendees. The agreement includes
WFG's annual M+A Sourcebook as well as monthly updates, written,
compiled and edited by Robert Lieblein, President of WFG and Steven
Wevodau, Managing Principal of WFG, and is supplemented by National
Underwriter 's editorial staff. This is a unique
opportunity for National Underwriter and WFG to provide insightful
content on industry consolidation.

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"We selected PLG's pharmacy benefits and operations attorneys to speak at
this event because of their extensive background in all areas of PBM
operations," says Lisa J.
Industry professionals can obtain more information by contacting
WFG at (717) 780 -7800 or by visiting their website, www.

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Our new relationship will
allow National Underwriter and WFG to leverage one another's
strengths.

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Samantha Brown and Cami Agena will conduct a workshop , "Pricing for PBMs
under Medicare Part D," that will identify pricing concerns unique to PBMs
under Medicare Part D and offer effective strategies for working through
the pricing maze. For more information , visit
www.

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The PLG partners will provide valuable insight on the trends and issues
impacting drug pricing and pharmacy benefit management (PBMs) companies.

About WFG Capital Advisors LP:

WFG Capital Advisors LP, based in Harrisburg, Pennsylvania, is a
leading investment banking and corporate financial advisory firm for
the insurance and financial services industries.

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Additionally , Wala will discuss how the use of average
wholesale pricing (AWP) has led to allegations of pricing collusion.

Issues relating to Media businesses (TV, radio, publishers, Internet businesses, etc.

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com or call 480-444-3500.

)

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They will highlight the impact of disclosure and the
reporting of pricing information under the MMA; how CMS and USP formulary
guidance have impacted Part D pricing; and the pros and cons of sponsorship
and servicing for PBMs.

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PRESS RELEASE Three Nationally Recognized Phoenix Law Group Pharmacy Benefit Attorneys to Speak at Prescription Drug Pricing Conference

-based Phoenix Law Group of Feldman Brown Wala Hall &
Agena, PLC is a commercial law firm providing a full range of services
including corporate law, mergers and acquisitions, securities, corporate
compliance , white collar and criminal defense, commercial litigation and
litigation avoidance, and healthcare .

Business Editors

HARRISBURG, Pa.

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Piccolo, industry manager, pharmaceutical/life
sciences group, legal division of the American Conference Institute."
According to Steven Wevodau, Managing Principal of WFG, "Combining
WFG's proprietary content with National Underwriter's expansive
publication and content delivery capabilities, industry professionals
will have the most complete M+A sources .

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"
The initial publication will be offered on a subscription basis -
Insurance M+A Insights - and will include the Insurance M+A Insights -
2005 Industry Sourcebook in addition to a monthly update newsletter,
Monthly Insights.wfgca.

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Insurance M+A Insights is a review, analysis and forecast of industry
M+A events, trends, activities, and deals.

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"

About The Phoenix Law Group

Scottsdale , Ariz.

National Underwriter and WFG Capital Advisors Announce M+A Publishing Agreement

com

About The National Underwriter Company:

The National Underwriter Company publishes a broad array of print,
e-media and software products for the insurance and financial services
industries .