abwg continues to make moves:
Monday September 27, 12:00 pm Eastern Time
Company Press Release
A.B. Watley Extends Pre and Post Market Trading
NEW YORK--(BUSINESS WIRE)--September 27, 1999--A.B. Watley Group Inc. (NASDAQ: ABWG - news) premier provider of trading services through its online brokerage firm A.B. Watley, Inc. (www.abwatley.com), today announced the extension of pre and post market trading to match the trading hours of the Island ECN.
Starting today, A.B. Watley, Inc. will enable traders to place limit orders on the Island ECN, the second largest alternative trading system, for Nasdaq stocks beginning at 8 a.m. Eastern Time, Monday through Friday. In addition, A.B. Watley, Inc. will extend its evening session until 8 p.m. Eastern Time. Throughout this 12 hour trading period, A.B. Watley, Inc will provide full technical and trading support
Robert Malin President of A.B. Watley, Inc. stated, ``In addition to free streaming realtime Nasdaq level II data and integrated execution, our clients can now trade on Island from 8 AM to 8PM. Our brokers will be available to provide assistance throughout this 12-hour period. We will also offer full access to other ECN's as they extend their trading hours.'
ABOUT A.B. WATLEY GROUP INC.
A.B. Watley Group Inc. is the parent Company of A.B. Watley, Inc., a multifaceted, technological and service-oriented brokerage firm offering two proprietary online trading systems, UltimateTrader(TM) and WatleyTrader(TM), that provide realtime data feed and instantaneous execution for the most active segment of the online trading community. The A.B. Watley, Inc. Institutional Sales and Trading Division specializes in the execution of complex and sensitive large-block equity transactions for institutions, major investment managers, insurance companies, banks, and high net worth individuals. Under its former name, Internet Financial Services Inc., the Company completed its initial public offering of 2,300,000 shares of common stock on April 20, 1999. Its recent third quarter earnings reported a revenue growth of 148% and a 317% increase in trade volume.
SAFE HARBOR STATEMENT
Certain statements contained herein, including statements regarding the development of services and markets and future demand for services and other statements regarding matters that are not historical facts, are forward-looking statements (as defined in the Private Securities Litigation Reform Act of 1995). Any number of conditions may occur which would materially affect important factors in this analysis and materially change expectations. These factors include, but are not limited to, customer trading activity, loss of one or more significant customers, change in technology, shifts in competitive patterns, ability to manage growth effectively, risks associated with acquisitions including integration risks, risks associated with strategic partnerships, various project-associated risks, substantial competition, general economic conditions, risks associated with intellectual property rights, risks associated with international operations and other risk factors listed from time to time in the A.B. Watley Group Inc.'s filings and reports with the Securities and Exchange Commission.
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Contact:
William Arnold
A.B. Watley Group Inc.
(212) 422 1664 ext. 5825
warnold@abwatley.com
or
Jane Portnoy
Communications/Marketing Action, Inc. (CMA)
(212) 730-9400, ext. 204
janep@cma-inc.com |
