[2] A.B. Watley Receives Three and a Half Stars and a No. 6 Overall Ranking in Barron's Annual Rating of Online Brokers.Business Editors REPEATING...adding ticker NEW YORK--(BUSINESS WIRE)--March 13, 2000 Receives No. 2 ranking for trade execution for all online brokers surveyed A.B. Watley Group Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ABWG), premier provider of online and institutional trading services through its brokerage firm A.B. Watley, Inc. (www.abwatley.com), today announced that the Company received three and a half stars in Barron's (www.barrons.com) annual online industry survey, appearing in the March 13, 2000 issue. Overall, A.B. Watley received a ranking of No. 6 out of the 27 online brokers that were rated. Executive Vice President of Strategic Planning and WWW Development Anthony Huston comments, "The No. 6 ranking that A.B. Watley received is testament to the hard work of our web and product development teams. Over the past year we have added many new and exciting features to the website. We are currently looking to expand the product offering further by adding a wireless application, additional research capabilities and Initial Public Offering's." Also mentioned in the article is a future survey of the Company's UltimateTrader platform. This platform targets the more active investor and uses an Internet connection that links the customer directly to the Company's computers. UltimateTrader offers the customer access to Nasdaq Level II data, Market Maker screens with Time & Sales, Realtime charts, Realtime P/L P/L Pipeline P/L Profit and Loss P/L Product Liability P/L Payload P/L Property Line P/L Packet Loss P/L Pulsed Laser P/L Packing List (shipping) P/L Personal Lines P/L Proprietary Limited Company and the ability to place your orders into the various Exchanges and Electronic Communication Networks (ECNs). ABOUT A.B. WATLEY GROUP INC. A.B. Watley Group Inc. is the parent Company of A.B. Watley, Inc., a multifaceted, technological and service-oriented brokerage firm offering two proprietary online trading systems, UltimateTrader(R) and WatleyTrader(TM), that provide realtime data feed and instantaneous execution for the most active segment of the online trading community An online trading community exists to provide its members with a structured method for trading, bartering, or selling goods or services. These communities often have forums and chatrooms designed to facilitate communication between the members. . The A.B. Watley, Inc. Institutional Sales and Trading Division specializes in the execution of complex and sensitive large-block equity transactions for institutions, major investment managers, insurance companies, banks, and high net worth individuals. Under its former name, Internet Financial Services Inc., the Company completed its initial public offering of 2,300,000 shares of common stock on April 20, 1999.The company recently reported record 1999 fiscal year end revenues of $20,987,613, an increase of 130% from fiscal year 1998. A.B. Watley Group Inc.'s competitors include E*Trade (NASDAQ: EGRP EGRP E*Trade Group, Inc. (stock abbreviation, AMEX) ), Charles Schwab (NYSE NYSE See: New York Stock Exchange : SCH SCH School SCH Schedule SCH Search SCH Semester Credit Hours SCH Santander Central Hispano (bank in Spain) SCH Socket Head SCH Synchronization Channel SCH Succinylcholine SCH Space Center Houston ), Ameritrade (NASDAQ: AMTD AMTD Arithmetic Mean Temperature Difference AMTD Automatic Magnetic Tape Distribution AMTD Affordability and Manufacturing Technology Demonstration ), TD Waterhouse (NYSE: TWE TWE Test of Written English TWE ThinkWave Educator (teacher productivity application) TWE That Was Easy TWE tap water enema TWE Threat Warning Equipment TWE Transitional Work Experience TWE Triangle Wind Ensemble ), DLJ DLJ Distributor License for Java DLJ Donaldson, Lufkin & Jenrette Inc. DLJ Drive Like Jehu (band) DLJ Defence Laboratory Jodhpur (India) DLJ Dead Letter Journal Direct (NYSE: DIR), and National Discount Brokers (NYSE: NDB) SAFE HARBOR STATEMENT Certain statements contained herein, including statements regarding the development of services and markets and future demand for services and other statements regarding matters that are not historical facts, are forward-looking statements (as defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, as amended). Any number of conditions may occur which would materially affect important factors in this analysis and materially change expectations. These factors include, but are not limited to, customer trading activity, loss of one or more significant customers, change in technology, shifts in competitive patterns, ability to manage growth effectively, risks associated with acquisitions including integration risks, risks associated with strategic partnerships, various project-associated risks, substantial competition, general economic conditions, risks associated with intellectual property rights, risks associated with international operations and other risk factors listed from time to time in the A.B. Watley Group Inc.'s filings and reports with the Securities and Exchange Commission. |
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