July 9, 2007- Progressive Asset Management Inc. (PAM) wishes to announce that it has entered into preliminary discussions with Financial West Group (FWG) regarding a possible merger or acquisition between the two firms.

Financial West Group is a privately held broker/dealer firm that holds approximately a forty percent interest in Progressive Asset Management, Inc.

Progressive Asset Management Inc. is a publicly traded broker dealer that acts as an office within Financial West Group, specializing in Socially Responsible Investing. PAM is traded as a Pink Sheet stock under the symbol PAMI.

The PAM Network is comprised of 65 series seven financial professionals, all of whom are registered with FWG. FWG has over 350 independent contractor, registered representatives who handle more than four billion dollars in client relationships.

For more information about PAM, visit the firm's website www.ProgressiveAssetManagement.com.

Additional information about FWG can be obtained at www.FWG.com

The foregoing statements are forward looking and are made pursuant to the Securities Litigation Reform Act of 1995. PAM cautions readers that the following important factor, among others, could cause PAM's status in the future to differ materially from the forward-looking statements above and in any other forward-looking statements made by or on behalf of PAM: a merger or acquisition between PAM and FWG may not occur.

Progressive Asset Management, Inc.

Progressive Asset Management, Inc.

Providing individuals and institutions with access to Socially Responsible Investment options since 1987.

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