Hennessy Funds Continues Push in Wirehouse Distribution

NOVATO, Calif., Nov. 11 /PRNewswire-FirstCall/ -- Hennessy Advisors, Inc. (OTC Bulletin Board: HNNA) Hennessy Advisors, Inc., investment manager of the Hennessy Funds, today announced the addition of the Hennessy Focus 30 Fund on the new Morgan Stanley Smith Barney platforms.

"We believe that the merger between Morgan Stanley and Smith Barney has created one of the world's leading and most respected wealth management companies," said Kevin Rowell, President of Hennessy Funds. "I have had the distinct pleasure of working with many of the executives now leading Morgan Stanley Smith Barney, and we are proud to have the Hennessy Focus 30 Fund represented by their high-caliber group of investment professionals," he added.

"We couldn't be more excited and honored that our Funds have been selected by Morgan Stanley Smith Barney for inclusion on their platforms," said Neil Hennessy, CEO of Hennessy Advisors, Inc. and CIO/Portfolio Manager of Hennessy Funds. "The Focus 30 Fund derives its strength from its time-tested, quantitative stock selection formula, and we believe it can serve as a strong mid-cap component in a well diversified portfolio," he added.

About Hennessy Advisors, Inc.

Hennessy Advisors, Inc., founded in 1989, is the publicly traded investment advisor to the Hennessy Funds. Hennessy employs a consistent and repeatable investment process, combining time-tested stock selection strategies with a highly disciplined, team-managed approach, and offers investors a wide range of both domestic and international equity products.

The Funds' investment objectives, risks, charges and expenses must be considered carefully before investing. The prospectus contains this and other important information about the investment company, and it may be obtained by calling 1-800-966-4354.' target='_blank' title='http:///"/>'>http:///"/> Please read it carefully before investing.

Mutual fund investing involves risk; principal loss is possible. Small and medium-capitalization companies tend to have limited liquidity and greater price volatility than large-capitalization companies.

The wealth management division of Morgan Stanley Smith Barney is owned in part by Morgan Stanley, Smith Barney and Citigroup. As of 9/30/09, Morgan Stanley (MS) made up 2.61% of the Hennessy Cornerstone Value Fund and 1.17% of the Hennessy Select Large Value Fund. As of 9/30/09, Citigroup (C) made up 0.96% of the Hennessy Select Large Value Fund, 0.47% of the Hennessy Total Return Fund and 0.89% of the Hennessy Balanced Fund. None of the Hennessy Funds held positions in Smith Barney. Fund holdings are subject to change at any time, and should not be considered a recommendation to buy or sell any security.

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SOURCE Hennessy Advisors, Inc.