RIDGEFIELD, CT--(Marketwired - Apr 2, 2013) - Simple Alternatives, LLC, announced today the appointment of Clark Jones expanding the investment team managing the firms' flagship S1 Fund (NASDAQ: SONEX).

In this role, Mr. Jones will bolster the investment team's portfolio allocation and risk management efforts. Jones joins Simple Alternatives from Tudor Investment Corporation where he was a long/short equity portfolio manager.

"We are thrilled to add Clark Jones to the Simple Alternatives team," said James K. Dilworth CEO and founder of Simple Alternatives. "Clark comes to us with great experience in managing long/short portfolios at two of the world's most successful hedge fund groups, highlighting our commitment to build upon the excellence of our institutional investment team."

"Clark's unique background will enhance our capital allocation process enabling us to benefit from market volatility and strategy performance trends. We are pleased to attract individuals with the talent and experience of Clark Jones, strengthening the quality of the investment team, and our pursuit to deliver investors superior risk-adjusted returns," concluded Dilworth.

Clark Jones added, "There's a growing preference for investors to seek alternatives to traditional hedge fund investments where the higher level of transparency and liquidity can also be potential benefits. I look forward to working with the investment team building upon their strong foundation as a leading independent firm focused on the liquid alternative space."

Clark Jones most recently served as a long/short equity portfolio manager at Tudor Investment Corporation. Founded by Paul Tudor Jones in 1980, Tudor is a leading asset management firm based in Greenwich, CT. Prior to Tudor Investment Corporation, Mr. Jones managed a long/short equity portfolio at Millenium Partners, LP based in New York City. Millenium Partners, LP was founded by Israel Englander in 1989, managing over $16 Billion in alternative strategies.

About Simple Alternatives, LLC

Simple Alternatives is a boutique investment manager focused on liquid alternative strategies. The company is 100% independent and employee owned. Simple Alternatives' S1 Fund (SONEX) is a multi-manager alternative mutual fund that utilizes a portfolio of skilled boutique (fundamentally-based) long/short equity managers each of whom brings a unique edge to the portfolio. The S1 Fund (the "Fund") seeks to provide long-term capital appreciation with an emphasis on absolute (positive) returns and low correlation to traditional financial market indices such as the S&P 500^® Index.

For more information on Simple Alternatives, LLC and the S1 Fund please visit www.simplealternatives.com

Fund Risks

The Fund is non-diversified and may focus its investments in the securities of a comparatively small number of issuers. Concentration in securities of a limited number of issuers exposes a fund to greater market risk and potential monetary losses than if its assets were diversified among the securities of a greater number of issuers. The Fund may invest in small- and medium-sized companies which involve greater risk than investing in larger, more established companies, such as increased volatility of earnings and prospects, higher failure rates, and limited markets, product lines or financial resources.

The Fund may invest in foreign or emerging markets securities which involve special risks, including the volatility of currency exchange rates and, in some cases, limited geographic focus, political and economic instability, and relatively illiquid markets.

The Fund may invest in debt securities which are subject to interest rate risk. An increase in interest rates typically causes a fall in the value of the debt securities in which the Fund may invest. The Fund may also invest in high yield, lower rated (junk) bonds which involve a greater degree of risk and price fluctuation than investment grade bonds in return for higher yield potential. The Fund's distressed debt strategy may involve a substantial degree of risk, including investments in sub-prime mortgage securities.

The Fund may purchase securities of companies in initial public offerings. Special risks associated with these securities may include a limited number of shares available for trading, unseasoned trading, lack of investor knowledge of the company and limited operating history. The Fund may leverage transactions which include selling securities short as well as borrowing for other than temporary or emergency purposes. Leverage creates the risk of magnified capital losses.

The Fund may also invest in derivatives which can be volatile and involve various types and degrees of risks, depending upon the characteristics of a particular derivative. The Fund may invest in options and futures which are subject to special risks and may not fully protect the Fund against declines in the value of its stocks. In addition, an option writing strategy limits the upside profit potential normally associated with stocks. Futures trading is very speculative, largely due to the traditional volatility of futures prices.

Investors should carefully consider the Fund's investment objectives, risks, charges and expenses before investing. For a summary prospectus, or prospectus that contains this and other information, call 866-882-1226. Read the prospectus carefully before investing.

The S1 Fund is distributed by Foreside Funds Distributors LLC Berwyn, PA who is not affiliated with Simple Alternatives, LLC