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Vie Reports Accelerated Revenue Growth in 2003.

Business Editors

PHILADELPHIA--(BUSINESS WIRE)--March 3, 2003

Vie Financial Group, Inc. (OTC BB:VIEF) today announced revenues of $1,180,000 for the month ended February 28, 2003 and $747,000 for the month ended January 31, 2003.

This compares to revenue of $830,000 for the three months ended December 31, 2002 and $1,668,000 for the nine months ended December 31, 2002.

"We have really begun to accelerate the strong growth rates we experienced last year," said Dean Stamos, Vie Financial Group's CEO. "We earned revenues in January and February that exceeded the revenues in the previous nine months combined. This has happened despite decreased trading volume in the listed and OTC equity markets."

"The most encouraging news is the increase in volume from new customers," said Trevor Price, Vie's President and COO. "New customer trading combined with volume increases from existing customers, who used to represent the majority of order flow, accounted for the substantial jump in volume and revenue in the past two months."

Vie also introduced new trading products that were partly responsible for the acceleration in its growth rates.

"Innovative products such as Limit VWAP(TM) and Point-to-Point VWAP(TM) have responded to the needs of our current customers and have opened the door to a new customer base," added Price. "Large institutions, not focused on VWAP strategies, are increasingly using our completely electronic trading platform as a source of anonymous liquidity. We will continue to provide innovative trading solutions that are both within and outside of traditional VWAP strategies."

Vie Financial Group, Inc. is headquartered in Philadelphia with offices in New York and Chicago. Vie and its subsidiaries provide electronic trading services to institutional investors and broker-dealers.

Through our automated trading platform, we strive to remove all human elements of the trading and order execution process, eliminating information leakage, which ultimately leads to market impact. Vie's objective is to deliver high-performance electronic trading that is fast, efficient and nearly invisible to the market.

Certain matters discussed in this news release may constitute forward-looking statements within the meaning of the federal securities laws.

Although Vie Financial Group believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved. The accuracy of such statements is subject to a number of risks, uncertainties and assumptions that make future business of this company uncertain.

These include, but are not limited to our ability to continue the upward trends in volume and revenue experienced in January and February, 2003, the effect of general economic conditions and success in developing and marketing new products and services.

These and other factors that could cause or contribute to actual results differing materially from such forward-looking statements are discussed in greater detail in Vie Financial Group's filings with the Securities and Exchange Commission. We undertake no obligation to update the forward looking statements contained in this news release.
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Publication:Business Wire
Geographic Code:1USA
Date:Mar 3, 2003
Words:492
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