Wit SoundView and E*TRADE to Expand Strategic Alliance; Special Meeting of Shareholders Adjourned Until October 16, 2000.Business Editors 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 & MENLO PARK, Calif--(BUSINESS WIRE)--Sept. 26, 2000 Wit SoundView 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 :WITC WITC Wisconsin Indianhead Technical College ) and E*TRADE Group, Inc. (NASDAQ:EGRP EGRP E*Trade Group, Inc. (stock abbreviation, AMEX) ) today announced that they have expanded upon their Strategic Alliance. The expanded Alliance, which resolves open issues raised among the parties to the various agreements, includes increased duration of exclusivity, increased volume of trading flow to Wit SoundView, and enhanced international opportunities. To enable its shareholders to consider updated information regarding E*OFFERING and the amendments, Wit SoundView will adjourn adjourn v. the final closing of a meeting, such as a convention, a meeting of the board of directors, or any official gathering. It should not be confused with a recess, meaning the meeting will break and then continue at a later time. (See: recess, session) its Special Meeting of Shareholders, scheduled for today, until October 16, 2000, and supplemental proxy materials Proxy Materials Documents regulated by the Securities & Exchange Commission in which a public company outlines its methods and procedures. These documents are used to inform shareholders and solicit votes for corporate decisions, such as the election of directors and other will be mailed shortly to Wit SoundView shareholders. On May 15, 2000, Wit SoundView entered into agreements with E*OFFERING and E*TRADE providing for Wit SoundView to acquire E*OFFERING, and for E*TRADE to make Wit SoundView its exclusive source of IPOs, follow-on offerings and other investment banking products. In addition, E*TRADE agreed to acquire the brokerage accounts of Wit Capital. Wit Capital brokerage accounts will transfer to E*TRADE on September 29, 2000, as scheduled. About Wit SoundView Wit SoundView Group, Inc. (NASDAQ: WITC) is the largest online investment banking group focused exclusively on the Internet and technology sectors. Wit SoundView offers a strong complement of investment banking services, from Internet-strategic advisory, venture capital and private equity placements, to public offerings and M&A advisory. With one of the largest research teams in the sector, Wit SoundView produces comprehensive sell-side research on over 285 Internet and technology companies, developed for our online and institutional audiences. Wit SoundView is recognized as one of the first firms to bring online individual investors directly into the capital formation process and continues to leverage the Internet to revolutionize the way in which issuers and investors communicate. For more information, please see www.witsoundview.com. Members NASD/SIPC. About E*TRADE E*TRADE is a global leader in online personal finance services offering value-added investing, banking and research features, premium customer service and a redundant, proprietary Stateless Refers to software that does not keep track of configuration settings, transaction information or any other data for the next session. When a program "does not maintain state" (is stateless) or when the infrastructure of a system prevents a program from maintaining state, it cannot take Architecture(SM) infrastructure. In addition to the U.S., E*TRADE presently serves customers through branded web sites in Norway, Denmark, Korea, Japan, the U.K., Sweden, France, Australia, New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. and Canada. E*TRADE Securities, Inc. (Member of NASD/SIPC) and its parent company, E*TRADE Group, Inc. have offices in Northern California and in other major business centers in the U.S. and worldwide. E*TRADE is a registered trademark of E*TRADE Securities, Inc. |
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