AB Watley Group Approved for Listing on OTCBB.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- AB Watley Group Inc. (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. : ABWG.OB) announced today that the Company has been approved by the NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). , effective October 13, 2004, for listing on the Over the Counter Bulletin Board (OTCBB OTCBB See OTC Bulletin Board (OTCBB). ). The Company had been previously listed on the Pink Sheets. AB Watley is quoted under the symbol ABWG.OB. Robert Malin, President of AB Watley Group, stated, "AB Watley's move to the OTC Bulletin Board is another positive step towards increasing awareness and dialogue with investors and the public. This is a significant milestone in our efforts to reach a wider audience with what we believe are compelling competitive advantages of our services compared to our peers." A.B. Watley intends to begin an investor awareness campaign and has retained the investor relations Investor relations The process by which the corporation communicates with its investors. and public relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most firm, Adam Friedman Associates. The Company intends to begin an aggressive advertising and marketing campaign for its brokerage services unit as well. About AB Watley Group Inc. A.B. Watley Group Inc. (Ticker Symbol "ABWG.OB") is a publicly held financial services holding company incorporated in the state of Delaware in 1996. The Company conducts its core business through its subsidiary A.B. Watley Direct, Inc. ("Watley"); a U.S. registered broker-dealer that provides online trading and direct access trading Direct access trading is a technology which allows stock traders to trade directly with market makers or specialists, rather than trading through stock brokers.[1] services for retail clients. In addition, Watley engages in institutional sales. A.B. Watley Group provides direct access software and facilities to each of its divisions (online, retail and institutional). The Company's main focus is supporting its brokerage units' initiatives. Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" and are based on current expectations and the current economic environment. We caution the reader that such forward-looking statements are not guarantees of future performance, Unknown risk, uncertainties, as well as other uncontrollable or unknown factors could cause actual results to materially differ from the result, performance, or expectations expressed or implied by such forward-looking |
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