Broadpoint.Gleacher Announces New Headquarters to Open in Midtown.Move Will Facilitate Firm's Growth, Service Offerings 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 -- Broadpoint Gleacher Securities 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 : BPSG BPSG Boron-Doped Phosphosilicate Glass ), today announced that the firm expects to open its new headquarters in midtown mid·town n. A central portion of a city, between uptown and downtown. midtown Noun US & Canad the centre of a town Manhattan at Vornado Realty Trust's 1290 Avenue of the Americas in the spring of 2010. "Not only will the new office space make Broadpoint.Gleacher more efficient by consolidating our New York offices, but this move will allow us to continue our growth and enhance the services we offer our clients," said Lee Fensterstock, Chief Executive Officer of Broadpoint.Gleacher. "Our new headquarters will facilitate improved coordination of our firm's varied businesses and will allow us to provide the highest level of service to our clientele," said Peter McNierney, President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Broadpoint.Gleacher. Broadpoint.Gleacher signed a 15-year lease, subject to extension, for approximately 75,000 square feet on the fourth and fifth floors of the building located on the eastern block of 1290 Avenue of the Americas, between 51st and 52nd Street in midtown Manhattan. The Company expects to occupy the new space by May 2010, assuming the necessary build-out construction is completed by that time. "Our new Manhattan headquarters presents a great opportunity to enhance our infrastructure and provide greater scalability to our technology platform as we continue our growth," said Laurence Mascera, Chief Administrative Officer A chief administrative officer (CAO) is responsible for administrative management of private, public or governmental corporations. The CAO is one of the highest ranking members of an organization, managing daily operations and usually reporting directly to the chief executive of Broadpoint.Gleacher. Other major tenants located at 1290 Avenue of the Americas include Cushman & Wakefield, AXA Equitable Life Insurance Company AXA Equitable Life Insurance Company (formerly The Equitable Life Assurance Society of the United States) was founded by Henry Baldwin Hyde in 1859. In 1991 a French insurance company, AXA, acquired a majority of The Equitable Life Assurance Society of the United States. , Microsoft and Morrison & Foerster. About Broadpoint.Gleacher Broadpoint Gleacher Securities Group, Inc. (NASDAQ: BPSG) is an independent investment bank that provides corporations and institutional investors with strategic, research-based investment opportunities, capital raising, and financial advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal , including merger and acquisition, restructuring, recapitalization Recapitalization Restructuring a company's debt and equity mixture often with the aim of making a company's capital structure more stable. Notes: Companies often want to diversify their debt-to-equity ratio to improve liquidity. and strategic alternative analysis services. The Company offers a diverse range of products through the Debt Capital Markets, Investment Banking and Broadpoint DESCAP divisions of Broadpoint Capital, Inc., its new Investment Banking financial advisory subsidiary, Gleacher Partners LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , its Equity Capital Markets subsidiary, Broadpoint AmTech and FA Technology Ventures Inc., its venture capital subsidiary. For more information, please visit www.bpsg.com. Forward Looking Statements This press release contains "forward-looking statements." These statements are not historical facts but instead represent the Company's belief regarding future events, many of which, by their nature, are inherently uncertain and outside of the Company's control. The Company's forward-looking statements are subject to various risks and uncertainties, including the conditions of the securities markets, generally, and acceptance of the Company's services within those markets and other risks and factors identified from time to time in the Company's filings with the Securities and Exchange Commission. It is possible that the Company's actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in its forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements. The Company does not undertake to update any of its forward-looking statements. |
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