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Non-Tech : Ashton Technology (ASTN) -- Ignore unavailable to you. Want to Upgrade?

To: k_maxwell who wrote (3340)	2/15/2000 3:11:00 PM
From: TENNET	Read Replies (1) \| Respond to of 4443

News:Universal Trading Technologies Corporation Appoints New Members to the Board of Directors PHILADELPHIA--(BUSINESS WIRE)--Feb. 15, 2000--Ashton Technology Group, Inc. (NASDAQ:ASTN) today announced that its subsidiary, Universal Trading Technologies Corporation (UTTC) has appointed two new directors to its Board of Directors - Joseph P. Castellano and Mark Valentine. Mr. Castellano is president of Network and Corporate Systems at Bell Atlantic. He is responsible for new automation development for the Network Group and for Bell Atlantic's IT infrastructure and data centers. Between 1992 and 1997 he served as NYNEX's chief information officer and vice president - Information Services. He was responsible for IT infrastructure and system development activities. Mr. Castellano has also served in senior technology management roles at Citibank, Drexel Burnham Lambert Inc., and Merrill Lynch. Mr. Valentine is the Chairman of the Board of Thomson Kernaghan & Co., Ltd. (TK), a Canadian investment firm headquartered in Toronto, Canada and member of all major Canadian exchanges. He also is a director and executive committee member of TK, which is one of Canada's oldest privately-owned investment dealers. As TK's Chairman, Mr. Valentine oversees a wide range of the firm's brokerage activities, which serve Canadian corporate, institutional and retail clients. Prior to joining TK in 1994, Mr. Valentine worked in the retail sales unit of Burns Fry Ltd., another major Canadian investment firm. Fredric Rittereiser, Ashton Chairman and Chief Executive Officer, said, "We are extremely fortunate to have two highly regarded industry leaders join us. Joe and Mark respectively bring us tremendous technology and trading experience and expertise. These are two professionals whose successful backgrounds and entrepreneurial vision will provide UTTC and Ashton with critical insights as we develop and globally introduce our on-line and intelligent matching systems." Messrs. Castellano and Valentine will join Arthur Bacci, K. Ivan Gothner, Fredric Rittereiser, William Uchimoto, and Fred Weingard on the UTTC Board of Directors. Ashton Technology Group, based in Philadelphia, is developing a family of on-line transaction and intelligent matching systems, using advanced telecommunication and computing technologies, together with data and information security technologies, to facilitate global financial transactions. Ashton's proprietary transaction systems are made available to end users through networks, third parties, and the Internet. Ashton concentrates on the concept of developing alternative trading systems as unique adjuncts to established exchanges. Its U.S. eVWAP(TM) trading system was launched as a facility of the Philadelphia Stock Exchange in August. The forgoing press release contains forward-looking statements based on current management expectations. Factors which could cause actual results to differ from current expectations include availability of qualified personnel; general economic and business conditions; and other factors and risks described in greater detail in the Company's filings with the Securities and Exchange Commission including those on forms 10-KSB and 10-Q. --30--RV/ph* CONTACT: Ashton Technology Group, Inc., Philadelphia Investor Relations: Christine A. Geisser, Director of Corporate Relations of the Ashton Technology Group, Inc. 215/751-1900 Telefax: 215-970-3481 Website: ashtontechgroup.com or C