AlphaTrade Engages Investment Banking Firm.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--June 2, 2000 AlphaTrade.com (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :EBNK) announced today that the company has engaged LM Capital Securities, Inc. of West Palm Beach, Florida West Palm Beach, also known as West Palm, is the most populous city in Palm Beach County, Florida, USA. The city is also the oldest incorporated municipality in South Florida. According to the University of Florida's 2006 estimates, the city had a population of 107,617. to act as financial advisor to the company in exploring a number of strategic options, including acquisitions, joint ventures and raising additional capital for expansion. In addition, the company granted LM Capital the right to privately place up to $10,000,000 in equity for the company. LM Capital is a member of the National Association of Securities Dealers National Association of Securities Dealers (NASD) Nonprofit organization formed under the joint sponsorship of the investment bankers' conference and the SEC to comply with the Maloney Act, which provides for the regulation of the OTC market. , the Municipal Rulemaking Board, and the Securities Investor Protection Corporation Securities Investor Protection Corporation (SIPC) A nonprofit corporation that insures customers' securities and cash held by member brokerage firms against the failure of those firms. . The firm specialized in corporate and public finance, and has assisted companies and municipalities in raising billions of dollars in financing. Founded in 1992, LM Capital is research driven and value oriented, and its principals' significant prior experience included positions with Fidelity Investments Fidelity Investments is a group of privately held companies in the financial services industry. It is made up by two independent but closely cooperating companies, Fidelity Management and Research Corporation (FMR Co. , PaineWebber, Inc. and venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed 5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] such as Kelso & Company. The firm has developed a network of contacts within the business and financial communities and with private and public corporations. Through these contacts, the firm seeks strategic partnerships that add value. AlphaTrade.com's products utilize the latest in technology to provide streaming financial data via a suite of products known as E-Gate. These products include streaming, real time stock quotes, multiple portfolio managers, ticker, news, most active, Level 2 and more. Alphatrade is a true E-Commerce Internet company and subscribers do not have to purchase, lease, or download software. All the applications are available via the Internet for a low monthly subscription price. The subscriber can access these applications from any computer at anytime, anywhere in the world using any modem or cable connection. For further information on the company or subscription rates please visit our website at www.alphatrade.com or contact the company directly at 604/681-7503. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under 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: The statements contained herein which are not historical fact are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays in testing and evaluation of products and other risks detailed from time to time in AlphaTrade's filings with the Securities and Exchange Commission. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion