Ashton Technology Names Samuel R. Lipson Vice President of Global Systems -- Responsible for Deployment of Intelligent Matching Systems in the Far East.Business Editors PHILADELPHIA--(BUSINESS WIRE)--Sept. 22, 2000 The Ashton Technology 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 : ASTN ASTN Automatic Switched Transport Network (optical networks) ASTN Automatically Switched Transport Network (ITU-T) ASTN Automotive Satellite Television Network ASTN Astern ASTN Astronomic ) today announced that Samuel R. Lipson has joined the Company as Vice President of Global Systems. Mr. Lipson will be responsible for deploying Ashton's intelligent matching systems internationally. He will work closely with Fred S. Weingard, Ashton EVP EVP Executive Vice President EVP EGR (Exhaust Gas Recirculation) Valve Position Sensor EVP Electronic Voice Phenomenon EVP Europäische Volkspartei (Germany) EVP Employee Value Proposition and Chief Technology Officer, and Richard Yin, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Kingsway-ATG Asia, Ashton's joint venture company based in Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. . Mr. Lipson has over 20 years of experience in technical project management, system and business risk analysis and trading floor design. Prior to joining Ashton, Mr. Lipson was Managing Director with Charles Schwab and Company, where he consulted on and managed technical review of numerous Schwab initiatives, including the NYSE NYSE See: New York Stock Exchange Floor Operations, automated credit review, call center traffic management, Schwab's London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. operations, and electronic trading channels for Schwab Institutional. Mr. Lipson also served as a consultant to Morgan Stanley Japan Ltd. where he was involved in the design and installation of that firm's FX, Fixed Income and Equity trading floors in Tokyo, Japan. Mr. Weingard said, "We are extremely pleased to have Sam join our team. His electronic trading expertise and overseas experience will contribute greatly to the successful deployment of our intelligent matching systems in the Far East." The Ashton Technology Group is an evolving network of affiliated companies Affiliated Companies A situation that occurs when one company owns a minority interest (less than 50%) in another company. Also refers to companies that are related to each other in some way. Notes: An affiliated company is sometimes referred to as a subsidiary. that develops and markets technology-based products and services to enable businesses and consumers to execute better-informed transactions within global electronic marketplaces. Ashton utilizes advanced telecommunication, computing, data and information security, and Internet technologies, to develop electronic transaction and distribution systems and products for the global financial services industry. The forgoing press release contains forward-looking statements based on current management expectations. A variety of important factors could cause results to differ materially from such statements. Factors that could cause actual results to differ from current expectations include availability of qualified personnel, general economic and business conditions, and the ability to successfully deploy Ashton's intelligent matching systems. These and other risks pertaining to Ashton are described in greater detail in the Company's filings with the filings with the Securities and Exchange Commission including those on forms 10-K and 10-Q. |
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