To: Due Diligence who wrote (39101 ) 12/8/1999 12:19:00 PM From: Spark Read Replies (1) | Respond to of 108040
Wednesday December 8, 11:29 am Eastern Time Company Press Release Research Partners International, Inc. Announces Plan for Shochet Holding Corp. Initial Public Offering NEW YORK--(BUSINESS WIRE)--Dec. 8, 1999--Research Partners International, Inc. (NASDAQ:RPII - news) said today that its wholly-owned subsidiary, Shochet Holding Corp., has filed a registration statement on Form SB-2 with the SEC in connection with its planned initial public offering of its common stock to the public. Shochet Holding Corp., through its wholly-owned subsidiary, Shochet Securities, Inc., provides a full range of discount brokerage services through its six branch offices, all of which are in Florida: Hallandale, Boca Raton, Miami Beach, South Miami, Tamarac and Delray Beach. Research Partners International, Inc. through its four primary operating subsidiaries, GKN Securities Corp., Shochet Securities, Inc., EarlyBirdCapital.com and Research Partners International AG (Switzerland), is primarily engaged in investment banking, institutional research, securities brokerage and securities trading, with an emphasis on early stage growth companies. Headquartered in New York City, the Company maintains operations in New York, Florida, Connecticut and Zurich, Switzerland. A registration statement relating to the shares of common stock of Shochet Holding Corp. has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sales of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State. A written copy of the prospectus regarding the Shochet Holding Corp. initial public offering can be obtained by contacting: Beth Musto Investor Relations Research Partners International, Inc. One State Street Plaza New York, New York 10004 -------------------------------------------------------------------------------- Contact: Research Partners International, Inc. David M. Nussbaum, 212/208-6500 or Shochet Holding Corp. Roger N. Gladstone, 954/454-0304