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FIRSTMARK CORP. AND PRIME SECURITIES CORP. TO COMBINE FORCES

 WATERVILLE, Maine, Nov. 12 /PRNewswire/ -- Firstmark Corp. (NASDAQ: FIRM) has announced that it has formed a new subsidiary, Firstmark Prime Corp., and has agreed to acquire certain assets of Prime Securities Corp., a holding company for Prime Discount Securities, Inc., of Portland, Maine. The new company, will be headed by Robert Rice and will be based in Portland, Maine. Through its affiliation with Firstmark, the state's largest financial planning firm, Prime will be able to offer additional financial services to its over 3,500 clients. Firstmark Corp. is a multi-million dollar, Maine-based and publicly-owned financial services firm listed on NASDAQ. The company provides investment management, investment banking, securities brokerage, financial, estate and tax planning, venture capital and consulting services to individuals, corporations and institutions nationwide. Prime Discount Securities, Inc., established in 1983, is a discount brokerage and trading firm. "We are very excited about this business combination," said Firstmark president James F. Vigue. "We have strengthened our overall operations by affiliating with what we believe to be one of the top securities trading operations in New England and Prime clients will be able to benefit from our expertise in other financial areas," said Vigue.
 Prime Securities Corp. President, Robert Rice, added "We have watched Firstmark's development over the last several years and have been extremely impressed with both their record of success and the caliber of their management. We are very excited to be working with this rapidly growing, well-respected organization and look forward to helping the company, and its stock, reach new heights in the future."
 -0- 11/12/93
 /CONTACT: Monica J. Small of Firstmark, 207-873-6362/
 (FIRM)


CO: Firstmark Corp.; Prime Securities Corp.; Firstmark Prime Corp. ST: Maine IN: FIN SU:

JL-DJ -- NE015 -- 3729 11/12/93 13:38 EST
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Publication:PR Newswire
Date:Nov 12, 1993
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