NEW YORK, Aug. 21 /PRNewswire-FirstCall/ -- Jesup & Lamont, Inc. (NYSE Amex: JLI), the parent company of Jesup & Lamont Securities Corp., is pleased to announce that Michael Petrycki, Vice Chairman, Jesup & Lamont Securities Corp., has been chosen to lead Jesup's Global Equities expansion. Michael Petrycki has many years of experience in senior management to include President of Furman Selz and Chairman & CEO of ING Barings Americas. "Mike's decision to come off the bench and help us build out our equity platform not only will provide proven leadership and experience, it should make it a certainty that Jesup will become one of the premier equity boutiques on the street," said Jesup's CEO, Alan Weichselbaum. "Mike's experience, skill sets and rolodex should have an immediate impact on Jesup's equity division and research product, and we are thankful for Mike's decision to help," added Weichselbaum. "Jesup's 130 year history and heritage, when coupled with the talent at Jesup and the available expertise on the street, made this an easy decision. I look forward to building an institutional product that our customers and shareholders will be proud of," said Michael Petrycki, Vice Chairman & Managing Director of Equity Capital Markets, Jesup & Lamont Securities Corp. 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 and 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 Jr., President of Jesup & Lamont Inc., Florida, +1-321-327-7933, NY, +1-212-307-2660, Cell, +1-321-480-7519, Web Site: http://www.jesuplamont.com/

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