MHMY(M.H. Meyerson) - some DD I gathered about their Emeyerson.com Inc.
Emeyerson.com Electronic Trading Subsidiary - On January 29, 1999, we
organized our Emeyerson.com Inc. subsidiary. At this date, we own over
80% of this subsidiary, and have raised approximately $950,000 by
private placements of its stock, to point it to the commencement of
business. Emeyerson has filed its broker-dealer registration which is
now in the process of review and comment by the NASD and SEC. We are
also preparing to register Emeyerson as a broker-dealer in
substantially all of the states. We anticipate that, by the latter part
of this calendar year, Emeyerson's registration process will have been
completed at the national level and will be ongoing and continuing at
the state level. While the early stages of Emeyerson's development are
being assisted by our parent company, we are interviewing and preparing
to have Emeyerson hire executive and financial management which will
assist it in commencing its activities as a retail online brokerage
company. We intend to have Emeyerson license a cost efficient and fast
electronic trading system, including an instantaneous order input and
execution system so that our customers may, through their home computer
or other devices, purchase and sell stocks and other equity securities.
Our goal, through Emeyerson, will be to present investors with a
convenient, cost-effective manner in which to execute their
transactions and receive a vast array of current, constantly updating
financial information, consisting of investment reports, charts, and
instantaneous trading quotations.
M.H. Meyerson Notes Recent Development in EMEYERSON.COM INC.
JERSEY CITY, N.J., Aug. 26 /PRNewswire/ -- M.H. Meyerson & Co., Inc. (Nasdaq: MHMY - news) today announced that the prospective president of its EMEYERSON.COM INC. subsidiary, James Bumstead, had resigned to pursue other business interests. M.H. Meyerson is in the process of selecting Mr. Bumstead's replacement and anticipates the opening of EMEYERSON.COM INC. in the first quarter of the year 2000 at the earliest.
M.H. Meyerson & Co., Inc. is a full service international financial services firm, with eight divisions: Wholesale Trading, Correspondent Services, Fixed Income Services, Institutional Sales, Syndicate, Retail Services, Investment Banking and E Commerce. |
