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A. LAURENCE JONES RESIGNS AS PRESIDENT AND CEO OF GOVPX

 NEW YORK, June 23 /PRNewswire/ -- A. Laurence Jones, president and CEO of GovPX, the benchmark Treasury pricing service, today announced his resignation from the company effective August 1. Lawrence Leuzzi, chairman of the board of GovPX and managing director of S.G. Warburg & Co., Inc., is leading a search committee within the board of directors to find a replacement.
 Jones said he was resigning to accept a significant position with Neodata Services Inc. of Boulder, Colo., a telemarketing and database marketing firm.
 "GovPX has made significant progress in the last two years and its growth will continue," Jones said. "I look forward to working with the board to find a successor who can build on relationships we have established."
 Leuzzi said the board has already started its search for a replacement. "We have a strong management team in place, and we hope to identify a successor as soon as possible to provide for a smooth transition," he said. "Meanwhile, we will continue our efforts to enhance GovPX's position as the premier Treasury price reporting service."
 GovPX is owned by four out of five interdealer brokers and 42 government securities dealers. It developed Prophesy, the first service to report more than 65 percent of brokered trades in the 4-trillion- dollar U.S. Treasury market. Since Jones' arrival, the firm has grown to service customers worldwide and is increasingly being adopted as the benchmark for Treasury trading.
 -0- 6/23/93
 /CONTACT: James L. Horton for GovPX, 212-674-3100/


CO: GovPX ST: New York IN: FIN SU: PER

MP-LR -- NY043 -- 5005 06/23/93 12:25 EDT
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Publication:PR Newswire
Date:Jun 23, 1993
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