Guinness Atkinson launching clean energy mutual fund

Woodland Hills, California, March 21, 2006 – Guinness Atkinson Asset Management, Inc., today announced the upcoming launch of the no-load Guinness Atkinson Alternative Energy Fund, which will invest in companies involved in the production, distribution or storage of alternative energy, including energy conservation. The fund is designed as a vehicle for investors seeking to profit from and participate in the shift from conventional fuels to alternative energy sources.

The fund will invest primarily in companies that produce 50 percent or more of revenues from alternative energy and will be managed with an emphasis on value. Lead manager of the fund will be Tim Guinness, Chief Investment Officer of Guinness Atkinson, who also manages the Guinness Atkinson Global Energy Fund.

"Increasing global energy demands, coupled with limiting supplies, will continue to force prices for energy higher and, in turn, accelerate the development of alternative energy sources," Mr. Guinness said. "We believe that the shift from conventional fuels to alternative forms of energy provides a new opportunity for investors," he added.

Mr. Guinness also cautioned about risks associated with investing in alternative energy sector. "Many of these companies are small and thinly traded and by some measures more than fairly valued at the moment," he said. "As optimistic as we are about the prospects for the alternative energy sector, we expect it to be volatile. An investment in it should be considered for the long-term", he added.

Guinness Atkinson has produced an in-depth, eight page research report called the Alternative Energy Revolution. This report provides an analysis of various alternative energy technologies and includes a discussion of the shift underway from conventional to alternative energy.

The anticipated launch date for the Fund is March 31. Investors wishing to learn more can request a prospectus and a copy of the Alternative Energy Revolution by calling 800 915-6565 or by visiting www.gafunds.com/lp11.asp.

The Guinness Atkinson family of funds, which includes the Guinness Atkinson Global Energy Fund, China & Hong Kong Fund, the Asia Focus Fund, and the Global Innovators Fund, is designed to help investors capitalize on innovation and profound change, including long term global trends such as the development of emerging Asian markets, the transformation of the manufacturing economy to a New Economy and the long-term rise in energy prices.

The information in this communication is not complete and may be changed. We may not sell these securities until the registration statement filed with the Securities and Exchange Commission is effective. This communication is not an offer to sell these securities and is not soliciting an offer to buy these securities in any state where the offer or sale is not permitted.

The Fund’s investment objectives, risks and expenses must be considered carefully before investing. The prospectus contains this and other important information about the Fund and may be obtained by calling (800) 915-6566 or visiting the Fund’s website at www.gafunds.com. Please read it carefully before investing.

Please refer to the prospectus for risks associated with investing in the Guinness Atkinson Funds, including, but not limited to, risks involved with investments in foreign securities and smaller companies. The Funds are non-diversified meaning they concentrate their assets in fewer holdings than diversified funds. Therefore, these Funds are more exposed to individual stock volatility than diversified funds.

While the fund is no-load, management and other expenses still apply. Please refer to the prospectus for further details.