David Lerner Associates Introduces New High Yield Tax-Free Bond Fund


Syosset, NY, March 3, 2008 -- David Lerner Associates, the Syosset-based investment firm and the Spirit of America Family of Funds announce their newest addition – Spirit of America High Yield Tax-Free Bond Fund. This Fund joins the Real Estate Income and Growth Fund as well as the Large Cap Value Fund.

About David Lerner Associates:

David Lerner was a history and economics teacher at Bayside High School in Queens when he decided to utilize his teaching skills and create a firm dedicated to educating clients about investments. David Lerner Associates began more than 32 years and has over 400 employees throughout the New York tri-state area and in Florida. A full service investment firm, David Lerner Associates features products such as tax-free municipal bonds, collateralized mortgage obligations, real estate investment programs and The Spirit of America Family of Funds. For more information, visit www.davidlerner.com.

Contact Information

David Lerner Associates, Inc.
Susan R. Lipsig, VP Marketing
1-800-367-3000
susan.lipsig@davidlerner.com



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