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To: ecommerceman who wrote (11088)	1/27/2000 8:26:00 AM
From: KM	Read Replies (1) \| Respond to of 13953

It's trading at 25 and over in the premarket.

To: ecommerceman who wrote (11088)	1/27/2000 5:14:00 PM
From: Captain Jack	Read Replies (1) \| Respond to of 13953

NEW YORK, Jan 27, 2000 (BUSINESS WIRE) -- A.B. Watley Group Inc. (NASDAQ: ABWG), premier provider of online and Institutional trading services through its brokerage firm A.B. Watley, Inc. (www.abwatley.com), today announced the retention of Wasserstein Perella & Co., Inc. (www.wassersteinperella.com) as investment banker and strategic advisor for the Company. Under the terms of the agreement, Wasserstein Perella will provide advice and assistance to A.B. Watley in regards to potential market opportunities such as partnerships, alliances and acquisitions. Michael Biondi, Chairman and CEO of Wasserstein Perella & Co., Inc. commented, "While operating in a highly competitive marketplace, A.B. Watley has been able to grow its business internally at an impressive rate. We believe that Watley has demonstrated the effectiveness of its business model and can continue to grow aggressively as we help Watley to evaluate and take advantage of various strategic opportunities. We believe this is a wonderful opportunity to work with an exciting, young e-commerce company." Steven Malin, Chairman and CEO of A.B. Watley stated, "We are currently involved in a number of strategic ventures and Wasserstein's experience in advising growth companies such as ourselves made them the natural selection for us."