Human Resources: Clark Capital Management Group Introduces The Navigator Simplified401(k)

PHILADELPHIA - Dec. 4, 2006 - Clark Capital Management Group, a leading
provider of third-party asset management services with more than $1
billion in assets under management, announced that its
nationally-recognized Navigator investment platform is now available
for implementation in 401(k) plans.

The Navigator Simplified 401(k) provides the opportunity to add
institutional-level professionally managed accounts within a 401(k)
plan's investment choices.

The Navigator 401(k) Plan's arrival coincides with the reforms of the
Pension Protection Act of 2006 and finally brings to the 401(k) arena
the latest investment techniques combining active management, "best of
breed" money managers and institutional protection strategies into one
offering.

"The Pension Protection Act underscores the fact that retirement plan
participants need more support in building and preserving their
retirement savings," says Harry Clark, president and CEO of Clark
Capital Management Group. "The Navigator 401(k) provides participants
with peace of mind through the institutional-quality protection
strategy that is built on top of our best of breed multi-manager
platform."

The Navigator 401(k) addresses the educational component of employers'
and plan sponsors' fiduciary responsibilities and provides a seamless
investment option for plans that implement automatic enrollment.
Further, as a professionally managed account, the Navigator 401(k) can
be adopted as a qualified default investment alternative (QDIA) under
guidelines provided by the Department of Labor.

Clark Capital Management Group has carefully constructed six
professionally managed, diversified accounts based on the Navigator
platform, which allows participants to easily identify a portfolio
appropriate to their risk level and investment goals.

From lowest risk to highest, the portfolios include:

* Navigator U.S. Fixed Income
* Navigator Global Growth & Income
* Navigator Global Growth
* Navigator U.S. Growth
* Navigator Global Maximum Growth
* Navigator Global ETF

The Navigator 401(k) offerings will be made available at several
nationally based advisor platforms by the end of December 2006.

About Clark Capital Management Group

Clark Capital Management Group (CCMG) is a SEC- registered, independent
investment adviser with more than two decades of experience in
providing investment advisers with the highest caliber and innovative
wealth management solutions. CCMG offers a spectrum of investment
options, including privately managed accounts, institutional hedging
strategies, style and capitalization rotation, exchange-traded funds,
mutual funds and multiple account managers.

The firm's Navigator® Programs are nationally recognized as one of the
premier investment platforms that offer high net worth individuals,
trusts, endowments, employee benefit plans, corporations and
municipalities a disciplined, risk-averse approach to investing.

Contact:
Jimmy Moock
Gregory FCA Communications
For Clark Capital Management Group
610-642-8253
jimmy[at]gregoryfca.com
27 W. Athens Ave., Suite 200
Ardmore, PA 19003

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