Tuesday June 23, 9:08 am Eastern Time
Company Press Release
Montgomery Hosts Second Annual Media and Communications Conference
Nation's Premier Growth Companies Gather to Outline Strategies and Opportunities
NEW YORK--(BUSINESS WIRE)--June 23, 1998--Executives from 32 leading U.S. companies will gather here today with over 500 attendees for NationsBanc Montgomery Securities' Second Annual Media and Communications Conference. The conference will highlight and explore investment opportunities in the rapidly changing media and entertainment, broadcasting, and telecommunication services.
''Further deregulation, increased access to capital and technological innovation have created a robust backdrop for growth within all of these sectors,'' said John Tinker, Senior Managing Director and Senior Research Analyst in NationsBanc Montgomery's Media and Communications Group.
Tinker continued, ''We foresee increased opportunities for small and large companies in these areas. This year could see the rollout of digital boxes from the cable industry and could spur the advent of digital broadcasting. Furthermore, telecom networks are rapidly transforming to accommodate customers with innovative, productivity-enhancing applications for homes and for businesses. We are delighted to be hosting this conference during such an exciting time for the companies in the media and telecommunications sectors.''
The 32 public companies presenting at this year's conference have a combined market capitalization of $214 billion.
NationsBanc Montgomery's conference will run today and tomorrow (June 23-24) at New York's Pierre Hotel and will feature presentations from such industry leaders as: CBS Corporation [NYSE:CBS - news], Clear Channel Communications [NYSE:CCU - news], Inc., Excel Communications, Inc., Level 3 Communications, Inc. [Nasdaq:LVLT - news], Omnipoint Corporation [Nasdaq:OMPT - news], Tele-Communications, Inc., Viacom, Inc., WinStar Communications, Inc., and WorldCom, Inc. Luncheon remarks will be given by Jeffrey Marcus, President and Chief Executive Officer of Chancellor Media Corporation [Nasdaq:AMFM - news] and John Sidgmore, Chief Operating Officer of WorldCom, Inc.
This year's conference is part of NationsBanc Montgomery's growing media and communications effort. In 1996, the firm added this sector to its focus areas in research and investment banking and, to date, NationsBanc Montgomery's investment banking team has completed 30 transactions, raising $7.2 billion in equity for media and communications companies.
NationsBanc Montgomery Securities LLC (NMS), a subsidiary of NationsBank Corporation, is a full-service investment bank and brokerage firm with approximately $800 million of regulatory capital. The company provides research, trading and issuance in the equity and fixed-income markets (high yield, emerging markets, high grade and mortgage-backed markets). Other services include M&A advisory, financial buyer coverage, loan syndications, global investment banking, real estate finance, mortgage finance, money markets and the primary dealer.
Through NationsBank, NMS clients can also access products and services that include senior bank debt, bridge financing, real estate banking, treasury management, trade finance and risk management (derivatives products and foreign exchange).
NMS is a registered broker-dealer with the Securities and Exchange Commission and is a member of the National Association of Securities Dealers and the New York Stock Exchange. NMS employs more than 2,700 investment professionals.
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