Magnitude Engages Investment Banker Rodman & Renshaw.Business Editors
CHESTER, N.J.--(BUSINESS WIRE)--July 12, 2001
Magnitude Information Systems, Inc., (OTCBB OTCBB
See OTC Bulletin Board (OTCBB). :MAGY) announced today the engagement of investment banker Investment Banker
A person representing a financial institution that is in the business of raising capital for corporations and municipalities.
An investment banker may not accept deposits or make commercial loans. Rodman & Renshaw Inc., of 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 ("Rodman").
Rodman will explore with its institutional clientele equity investment strategies as well as joint venture and strategic alliance assignments for Magnitude.
Now in it's "ramp-up" stage, Magnitude has selected Rodman following an exhaustive search within the banking community. In commenting about the new accord, Steven D. Rudnik, Magnitude's Chairman 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. expressed his pleasure in joining forces with a strong institutional firm with an established
institutional equity track record. Mr. Rudnik stated, "We want to explore our financing options within the institutional marketplace and Rodman's strategic position in this arena will serve to enhance our options."
John Borer borer, name applied to various animals that are injurious because of their ability to penetrate plant or animal tissues. Among insects, some borers are beetles, e.g. , III, CEO of Rodman commented, "After our preliminary due-diligence, we were, and continue to be, impressed with the accomplishments of Magnitude. They have invested time, money and other important resources to get to the one-yard line. Our job will be the final push. Rodman, with its well-recognized market niche, welcomes Magnitude to our already long list of satisfied corporate clients."
About Magnitude Information Systems, Inc.
Magnitude Information Systems, Inc., the pioneer in the Ergonomic ergonomic - Concerning ergonomics or exhibitting good ergonimics. Productivity Software (EPS (Encapsulated PostScript) A PostScript file format used to transfer a graphic image between applications and platforms. EPS files contain PostScript code as well as an optional preview image in TIFF, WMF, PICT or EPSI, the latter being an ASCII-only format. ) market, has created the most advanced Ergonomics ergonomics, the engineering science concerned with the physical and psychological relationship between machines and the people who use them. The ergonomicist takes an empirical approach to the study of human-machine interactions. software that has been designed, developed, tested, and patented at a cost of US$10 million and more than 18 man-years of development effort. A research-driven software provider, the company delivers innovative, easy to use software solutions to the computerized marketplace that measurably and dramatically:
- reduces computer-use injury risk factors, reducing both absenteeism in the workplace and the high cost of hiring and training temporary labor to replace existing injured skilled labor. - increases the accuracy of computer users, reducing staffing needs and increasing quality of output and productivity. - reduces computer-related injuries for users, reducing the high cost of insurance premiums.
About Rodman & Renshaw Inc.
Rodman, is an investment-banking boutique with a history dating back to 1951. Rodman focuses on both domestic and international dynamic, middle market companies with excellent growth prospects. Rodman, active primarily in the institutional sector, believes that the need has emerged in the corporate finance marketplace for a firm that will provide quality service to small public and private companies. Rodman offers a full range of services beyond investment banking including sales, trading and research, components that many of their competitors lack. The research component is looking for Looking for
In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. growth stories with concrete earnings and endeavors. They generate quality research report on those companies, which Rodman believes is "unique". Research shared with a select institutional clientele provides significant added value Added value in financial analysis of shares is to be distinguished from value added. Used as a measure of shareholder value, calculated using the formula:
For additional information please call Magnitude or visit their website at www.magnitude.com. An investor package can also be obtained through its Public Relations/Corporate Development Consultants firm, Consulting For Strategic Growth, Ltd., 800-625-2236.
This press release contains forward-looking statements forward-looking statement
A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that, if not verifiable historical fact, may be viewed as forward-looking statements that could predict future events or outcomes with respect to Magnitude Information Systems, Inc., and its business. The predictions embodied in these statements will involve risks and uncertainties and accordingly, Magnitude Information Systems' actual results may differ significantly from the results discussed or implied in such forward-looking statements.