Ashton Technology Retains Jefferies & Company as Financial Advisor.Business Editors PHILADELPHIA--(BUSINESS WIRE)--Nov. 3, 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 ) announced today that Jefferies & Company, Inc., the principal operating subsidiary An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. of Jefferies Group, Inc. (NYSE NYSE See: New York Stock Exchange :JEF JEF Jefferies Group, Inc. (stock symbol) JEF Junge Europäische Föderalisten (German: Young European Federalists) JEF Joint Educational Facilities, Inc. ), will serve as exclusive financial advisor to Ashton and its Universal Trading Technologies Corporation (UTTC UTTC University Technology Training Center UTTC Universal Tape-to-Tape Converter (TM)) and Electronic Market Center, Inc. (eMC(TM)) subsidiaries. Fredric W. Rittereiser, Ashton Chairman and Chief Executive Officer, said, "Jefferies has long been recognized as an innovator in the field of global electronic trading  This article or section is in need of attention from an expert on the subject.Please help recruit one or [ improve this article] yourself. See the talk page for details. markets starting with their formation of Investment Technology Group in 1986, a model for UTTC. Their knowledge of the industry and relationships provides Ashton an excellent source of advice and direction." Ashton's President, Arthur J. Bacci, added, "Their expertise in capital markets will provide critical insight as applied to UTTC and eMC." The Ashton Technology Group, Inc. Ashton Technology is an eCommerce company developing a 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. . Ashton companies build and market technology-based products and services enabling businesses and consumers to execute better-informed transactions within global electronic marketplaces. Ashton creates electronic transaction and distribution systems for the global financial services industry utilizing advanced telecommunication, computing, data and information security, and Internet technologies. The foregoing 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 the Company's ability to achieve expected future levels of revenue, availability, terms and deployment of capital, industry trends; and competition. These and other risks are described in greater detail in the Company's filings with the Securities and Exchange Commission including those on forms 10-K and 10-Q. Jefferies & Company, Inc. Jefferies & Company, Inc. is an institutional brokerage firm focused on trading in equity, high yield, convertible and international securities, as well as research for institutional investors, and an investment bank providing capital raising, merger, acquisition, and restructuring services for middle market companies. Jefferies is also a leader in equity trading for institutional investors, as recognized by numerous consulting and survey organizations. Jefferies employs over 900 people in 19 offices worldwide, including Boston, Chicago, Dallas, Hong Kong, London, Los Angeles, 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 , Paris, San Francisco, Tokyo and Zurich. Further information about Jefferies, including a description of trading, research and investment banking services, can be found at Jefferies' web site, www.jefco.com. |
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