DAMG Worldwide Announces Lehman Brothers has Made a Strategic Financial Investment in the Company.NEW YORK--(BUSINESS WIRE)--June 21, 1999-- Diversified Asset Management Group Worldwide (DAMG Worldwide) announced today that Lehman Brothers Lehman Brothers Holdings Inc. (NYSE: LEH), founded in 1850, is a diversified, global financial services firm. It is a participant in investment banking, equity and fixed income sales, research and trading, investment management, private equity, and private banking. has made a strategic financial investment in the company and its subsidiaries. "We are very pleased that a world-class financial institution such as Lehman Brothers has invested in our company and strongly supports our business plan of financing and owning aviation assets worldwide," stated Joseph A. Piscitell, president and 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 DAMG Worldwide. "Lehman's investment reinforces our belief that airport cargo privatization privatization: see nationalization. privatization Transfer of government services or assets to the private sector. State-owned assets may be sold to private owners, or statutory restrictions on competition between privately and publicly owned is a growing industry, and that we are leading the way." DAMG Worldwide is a New York-based leading financier and owner of aviation assets worldwide with a concentration on air cargo air cargo: see aviation. facilities and is also one of only two preliminarily-approved applicants in the Federal Aviation Administration's Airport Pilot Privatization Program. DAMG Worldwide operates three separate businesses, DAMG Infrastructure Group, DAMG Realty Group and DAMG Ventures. DAMG Worldwide, through its subsidiary in its Infrastructure Group, Aviation Development Services, is the financier of the $1 billion San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. Air Commerce Center at Brown Field ("SANDACC"), a state-of-the-art commerce center and the largest air cargo privatization project in North America. In addition, DAMG Worldwide is the financier of the WorldPort at DIA project, a $200 million public/private air cargo development and commercial complex at the new Denver International Airport This article is about Denver International Airport. For other uses, see KDEN (disambiguation). Denver International Airport (IATA: DEN, ICAO: KDEN, FAA LID: DEN), often called DIA . |
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