DAMG Worldwide Signs Investment Deal With J.P. Morgan; Wall Street Bank to Participate in Airport Infrastructure Project At Denver.Business Editors NEW YORK--(BUSINESS WIRE)--March 29, 2000 Diversified Asset Management Group Worldwide (DAMG Worldwide) announced today that J.P. Morgan has made a commitment to provide credit support to the WorldPort at DIA project. "J.P. Morgan's participation is a key reinforcement of 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 as a growing industry," said 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. "We are very pleased to have J.P. Morgan on board, and we look forward to working with them." J.P. Morgan joins 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. and Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. as investors and advisors to DAMG Worldwide's business. "DAMG is a leader in the emerging area of airport privatization and we are pleased to be involved with them in financing and developing air cargo air cargo: see aviation. facilities at 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 ," said William Hansen, vice president at Morgan. DAMG Worldwide is a New York-based leading financier and owner of aviation assets worldwide with a concentration on air cargo 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. In addition to the Worldport at DIA project, DAMG Worldwide, through its subsidiary in its Infrastructure Group, Aviation Development Services, is the financier of the $1 billion San Diego Air Commerce Center at Brown Field ("SANDACC"), a state-of-the-art commerce center and the largest air cargo privatization project in North America, and financier of a $500 million joint venture multi-modal transport park in Monterrey, Mexico, the first inland multi-use Foreign Trade Zone within Mexico. |
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