THCG Appoints Senior Investment Banking Executives
NEW YORK--(BUSINESS WIRE)--Dec. 14, 1999--
Gary Anstey to Head Firm's Investment Banking Operation Ziad K. Abdelnour to Head Private Placements
TOWER HILL SECURITIES, INC., A THCG, INC. (NASDAQ: THCG) company, today announced the appointment of two senior executives, Gary Anstey, Senior Managing Director, Investment Banking, and Ziad K. Abdelnour, Managing Director, Private Placements. Mr. Anstey will head Tower Hill's investment banking operation while Mr. Abdelnour will report to him as head of private placements.
Adi Raviv, Co-Chief Executive Officer of THCG, commented, "We are very pleased to add Gary and Ziad to our investment banking team. Their impressive backgrounds and wealth of experience will enable THCG to expand even further the range of banking services offered to clients and partner companies. Both early-stage e-businesses and traditional businesses migrating to the Internet will benefit from their extensive experience and contacts."
Added Joseph D. Mark, Co-Chief Executive Officer of THCG, "These appointments demonstrate our commitment to provide substantial business creation services to all our clients. The addition of Gary and Ziad to the THCG team combined with our recently announced proposed acquisition of Mercury Coast, Inc. positions THCG to provide critical products and services at all of the stages of Internet enterprise development. Our ability to arrange venture funding as well as provide strategic, marketing, technological and operational support will be an invaluable asset to our clients."
Mr. Anstey, 48, joins THCG from Ladenburg Thalmann where he was a Managing Director in charge of high yield corporate finance. Mr. Anstey's prior Wall Street experience includes positions at Smith Barney where he managed the institutional fixed income distribution effort, Citicorp Investment Bank where he was in charge of institutional sales and managed a multi-billion dollar trading desk operation, and S.N. Phelps & Co. where he was a partner in charge of principal investing and corporate restructuring.
Prior to joining THCG, Ziad K. Abdelnour, 38, was a Managing Director and Head of Private Finance at Ladenburg Thalmann where he focused on the needs of middle-market companies. From 1986 until 1997, he was a senior investment banker with Drexel Burnham Lambert, Laidlaw Equities and Interbank Capital Group. During the span of his career on Wall Street, Mr. Abdelnour has raised more than $2.4 billion in financing for more than 50 companies and taken principal positions in a broad variety of industrial and financial services companies.
About THCG
THCG's mission is to build dominant companies by becoming a leading provider of business creation, development and financing resources to Internet entrepreneurs and traditional bricks and mortar companies migrating to the Internet. THCG has equity interests in a client portfolio of Internet-related companies including ETRAVNET.COM, Inc. (OTC BB: ETRV, www.etravnet.com), iBeauty.com (www.ibeauty.com), Interleaf, Inc. (Nasdaq:LEAF, www.interleaf.com), LogNet Systems Inc. (www.lognet.co.il) and TechOnLine, Inc. (www.techonline.com). THCG also has equity interests in more than 10 additional Internet-related companies, including RealTimeImage Inc. (www.realtimeimage.com), SoftWatch Ltd. (www.softwatch.com), SunShine Media Corporation (www.bikini.com) and webMethods, Inc. (www.webmethods.com). THCG's web site is located at www.thcg.com.
"SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: The statements contained in this release which are not historical facts are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by such forward-looking statements. These risks and uncertainties include the Company's entry into new commercial businesses, the risk of obtaining financing, risks associated with startup or early stage enterprises, and other risks described in the Company's Securities and Exchange Commission filings.
CONTACT: THCG, Inc.
Shai Novik, Chief Financial Officer
212/223-0440
snovik@thcg.com
www.thcg.com
or
Lippert/Heilshorn Assocs.
Investor Relations:
Lisa D. Lettieri, Vice President
212/838-3777 or lisa@lhai.com
www.lhai.com
or
Lippert/Heilshorn Assocs.
Media Relations:
Elissa Grabowski, Assistant Vice President
212/838-3777 or elissa@lhai.com
www.lhai.com |
