INEXD news;
(BSNS WIRE) Intrex, Incorporated Names Richard H. Bach as Chairman and C
Intrex, Incorporated Names Richard H. Bach as Chairman and CEO; Carl R. Walston
Appointed President
Business Editors
NEW YORK--(BUSINESS WIRE)--March 31, 1999--Intrex, Incorporated
(OTC BB:INEXD) announced today that it has named Richard H. Bach as
Chairman and CEO. Additionally, the Company announced today that it
has appointed Carl R. Walston as President. Both individuals join the
Company following its recent acquisition of Alexander, Wescott &
Company. David M. Weiss, former President and CEO of Intrex, will
remain with the Company as Executive Vice President.
In January 1996, Mr. Bach acquired control of Alexander, Wescott
Holdings and was responsible for growing the firm from approximately
$500,000 in revenues to in excess of $7 million in 1998. During his
career, Mr. Bach has also served as President of Trauber, Bach & Co.,
a registered broker-dealer specializing in third-market and
institutional executions, and as President of Investors Financial
Services, a floor trading operation and member of the Commodities
Future Trading Commission and the National Futures Association.
Prior to joining Alexander, Wescott as President in 1996, Mr.
Walston had served as CEO of four operating companies of the
Deak-Perera Group, and from 1985 to 1994 was Executive Vice President
and Director of Cadre Consulting Services, a fund administrator and
SEC registered investment advisor. During his career, Mr. Walston has
also served as a member of the Executive Committee and the Board of
Directors of Walston & Company, one of the nation's largest retail
securities firms for over two decades.
Previously, Mr. Weiss was Vice President and Manager of Global
Business, Industry and Product Training at Goldman Sachs, and has
overseen the implementation of a sophisticated electronic trading
system which Intrex intends to utilize as part of its online brokerage
services. Mr. Weiss has also served as Vice President-Derivatives
Products at the New York Stock Exchange, and was Vice
President-Administrator of PaineWebber's fixed income division.
Additionally, Mr. Weiss has authored several books on the brokerage
industry, including the best selling "After the Trade is Made",
"Global Security Processing" and "Traders, the Jobs, the Products and
the Markets".
Intrex is currently developing a first-of-its kind, comprehensive
brokerage website for accredited investors and institutions. This
unique, fully interactive site will provide members many value-added
products and services such as block trades, private placements, IPO's,
equity research, and other offerings. These services, which are
typically only available through a private banking relationship,
represent a new level of innovation geared towards the sophisticated
and active investor. The Company is also currently pursuing various
strategic acquisitions alliances in an effort to offer its customers a
single location for the most advanced and exclusive mix of online
informational and transactional services available through the
Internet.
This release is covered under the "Safe Harbor " Statement under
the Private Securities Litigation Reform Act of 1995: Certain
information included in this release that are not historical facts are
forward looking statements that involve a number of known and unknown
risks and uncertainties, including but not limited to, the Company's
ability to successfully implement a strategy of continued growth and
other risks detailed in the Company's registration Statement on Form
SB-2 and other Securities and Exchange Commission filings. The
Company's actual results, performance or achievements may differ
materially from any future results performance or achievements
expressed or implied in any forward looking statement.
--30--lp/ny* sm
CONTACT: Intrex, Incorporated, New York
Rick Bach, 212/742-9870
or
Public Relations Contact
Bella Wagner, 212/843-8057
|
