Jesup & Lamont, Inc. Regains Compliance With NYSE Amex Continued Listing Standards
August 17 2009 - 8:30AM
PR Newswire (US)
NEW YORK, Aug. 17 /PRNewswire-FirstCall/ -- Jesup & Lamont,
Inc. (NYSE Amex: JLI), a boutique financial services firm providing
brokerage and investment banking services to retail and
institutional clients, today announced that it has regained
compliance with all continued listing standards of NYSE Amex. By
letter dated August 13, 2009, following review of financial and
quantitative listing standards, as well as previously noted
governance and corporate matters, NYSE Amex confirmed that Jesup
& Lamont, Inc. is now in compliance with the standards for
continued listing contained in Sections 704 and 801(h) of the NYSE
Amex Company Guide. 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
approximately 120 producing registered representatives in over 16
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: Steven Rabinovici,
Chairman of Jesup & Lamont, Inc., +1-212-918-0401
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