NOVATO, Calif., Aug. 12 /PRNewswire-FirstCall/ -- Hennessy Advisors, Inc. (OTC:HNNA) (BULLETIN BOARD: HNNA) Neil Hennessy, President, Chairman and CEO of Hennessy Advisors, Inc. and Chairman and Portfolio Manager of Hennessy Funds, was recognized in the August 11, 2008 issue of Barron's as one of the top 100 mutual fund managers in the nation. Hennessy ranked #17 as manager of the Hennessy Focus 30 Fund. Hennessy has the distinction of being listed among Barron's Top 100 Managers in each of the last six years. "While I am very proud to again be named to Barron's list of best fund managers, I share this award with the rest of the Hennessy team who have worked very hard to deliver strong and consistent performance to our fund shareholders," said Mr. Hennessy. "We attribute the success of the Hennessy Focus 30 Fund to its quantitative, time-tested stock selection formula and to our disciplined and repeatable investment management process," he added. The Hennessy Focus 30 Fund is a mid-cap blend fund, and it selects 30 domestic equities with market cap between $1 and $10 billion which also pass a number of quantitative value and momentum screens. Fund managers named to the Barron's list of the industry's top 100 have consistently outperformed their peers. The Barron's/Value Line annual rankings system awards points to managers who generate more stable returns and subtracts points from funds deemed too volatile. A manager with average performance and volatility gets a score of zero. Superior managers get positive scores commensurate with the value they've added to a fund's performance on an annualized basis. Value Line first scanned 1,008 equity funds, screening out those with more than two lead managers and managers with less than three years' tenure. The remaining funds were then organized by investment objective, and those with less than $200 million in assets were eliminated. 564 managers qualified to be ranked. About Hennessy Advisors, Inc. Hennessy Advisors, Inc., is the investment manager of the Hennessy Funds, a family of formula-driven mutual funds. Each of the Hennessy Funds utilizes a quantitative stock selection strategy and is managed with strict discipline and consistency. In addition to the Hennessy Focus 30 Fund (HIFTX-institutional class/HFTFX-original class) the company also manages the Hennessy Cornerstone Growth Fund (HICGX/HFCGX), the Hennessy Cornerstone Growth Fund, Series II (HINLX/HENLX), the Hennessy Cornerstone Value Fund (HICVX/HFCVX), the Hennessy Total Return Fund (HDOGX) and the Hennessy Balanced Fund (HBFBX). Supplemental Information Small and medium-capitalization companies tend to have limited liquidity and greater price volatility than large-capitalization companies. The fund's 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 or visiting http://www.hennessyfunds.com/. Please read it carefully before investing. Mutual fund investing involves risk; principal loss is possible. Quasar Distributors, LLC, Distributor. Available Topic Expert(s): For information on the listed expert(s), click appropriate link. Neil J. Hennessy http://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=36873 DATASOURCE: Hennessy Advisors, Inc. CONTACT: Tania Kelley of Hennessy Advisors, Inc., +1-415-899-1555, fax, +1-415-899-1559 Web site: http://www.hennessyadvisors.com/

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