NEW YORK, July 23 /PRNewswire-FirstCall/ -- Jesup & Lamont, Inc., (AMEX: JLI), a full-service boutique brokerage and investment banking firm serving retail and institutional clients, today announced the results of its 2009 annual shareholders meeting. Alan Weichselbaum, Jesup's CEO, announced, "All initiatives contemplated within our proxy easily passed, and we appreciate the confidence our shareholders have placed with us." Weichselbaum added, "Although shareholders have provided us the authority to issue new shares or exchange shares for outstanding debt, the company will move very carefully and explore all financing options that may exist. The company certainly has little interest in issuing any significant shares at today's depressed prices." Steve Rabinovici, Chairman, added," We believe the firm has turned the corner, and we thank our shareholders and employees for their support and hard work in this extremely difficult environment. We believe that as we demonstrate further the fiscal improvement we should be able to negotiate financing transactions under more favorable terms for the company." About Jesup & Lamont, Inc. Established in 1877, Jesup & Lamont, Inc. has an extensive history on Wall Street, with its origins encompassing such successes as providing brokerage services to Standard Oil and raising capital for the construction of Rockefeller Center. Jesup & Lamont, through its two wholly owned brokerage subsidiaries, offers full service broker-dealer and registered investment advisory services through its approximately 150 registered brokers in over 20 locations including offices in New York, San Francisco, Boston, Boca Raton, Chicago, Fort Lauderdale and Orlando. The Company's Jesup & Lamont Securities Corporation subsidiary also publishes proprietary research on several industries including Aerospace/Defense, Alternative Energy and Life Sciences/Healthcare and offers comprehensive investment banking services. Forward-Looking Statement Disclaimer This press release contains "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risk, uncertainties or other factors which may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Factors that might cause such a difference include, without limitation, fluctuations in the volume of transactional services provided by the Company, competition with respect to financial services commission rates, the effect of general economic and market conditions, factors affecting the securities brokerage industry as well as other risks and uncertainties detailed from time to time in the Company's Securities and Exchange Commission filings. The Company undertakes no obligation to revise or update any forward-looking statement. DATASOURCE: Jesup & Lamont, Inc. CONTACT: Donald A. Wojnowski, President of Jesup & Lamont, Inc., +1-212-307-2660,

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