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

To: don denson who wrote (3522)	6/5/2000 12:19:00 PM
From: TENNET	Respond to of 4443

Ashton Technology Names Chief Technology Officers for eMC and Universal Trading Technologies Corporation PHILADELPHIA--(BUSINESS WIRE)--June 5, 2000--The Ashton Technology Group, Inc. (NASDAQ: ASTN) announced today that Scott von Kleeck and Steven Heilenman have been named Senior Vice Presidents and Chief Technology Officers of eMC and Universal Trading Technologies Corporation, respectively. Both Messrs. von Kleeck and Heilenman are alumnae of The Vanguard Group and both currently serve as Vice Presidents/Senior Technology Officers at Ashton. Both will also continue to report to Fred S. Weingard, Executive Vice President and Chief Technology Officer of Ashton, who is responsible for overall development of Ashton's intelligent matching systems, technology design, and architecture. Scott von Kleeck Mr. von Kleeck, as Sr. Vice President and Chief Technology Officer of eMC, will work with eMC President Matthew Saltzman to develop the E-Trustco business-to-business electronic trust delivery platform. In addition, Mr. von Kleeck will be responsible for managing overall eMC systems architecture development to support delivery of multiple financial services and products. Prior to joining Ashton, Mr. von Kleeck was Chief Architect and Chief Technologist for The Vanguard Group. While at Vanguard, Mr. von Kleeck was instrumental in analyzing the company's existing applications, data, and technical infrastructure to provide a strategic blueprint for Vanguard's next generation systems. Before Vanguard, Mr. von Kleeck held management positions in strategic planning and systems development at Novell, Hewlett Packard, and AT&T Bell Laboratories. Steven Heilenman Mr. Heilenman, as Sr. Vice President and Chief Technology Officer of Universal Trading Technologies Corporation, will work closely with Universal Trading Technologies' President, Mark Gresack, to integrate customers into its intelligent matching systems. Mr. Heilenman will also manage customer technology relationships and identify enhancements to incorporate into future trading systems. Prior to joining Ashton, Mr. Heilenman was Senior Manager of Individual Systems at The Vanguard Group. Before Vanguard, Mr. Heilenman held positions as a Principal Consultant in the Advanced Systems Engineering group of Price Waterhouse and as an Advanced Engineer at EDS. The Ashton Technology Group is an evolving network of affiliated companies that develop and market technology-based products and services to enable businesses and consumers to execute better-informed transactions within global electronic marketplaces. Ashton utilizes advanced telecommunication, computing, data and information security, and Internet technologies, to develop electronic transaction and distribution systems and products for the global financial services industry. eMC plans to develop, operate and market a global electronic distribution channel offering a full range of financial products and services. eMC is intended to be designed for interactive Internet market access by clients of member users. eMC plans to offer established financial intermediaries access to eMC's technology, distribution and communications network. Through eMC, these financial intermediaries will be able to provide on-line financial products to their clients and to clients of other member users. Universal Trading Technologies Corporation, and its subsidiaries, market, deploy, and operate intelligent matching and on-line transaction systems through secure public and private communications networks. Universal Trading's systems enable institutional customers and financial intermediaries to trade efficiently and cost effectively in a global trading environment. The forgoing press release contains forward-looking statements based on current management expectations. A variety of important factors could cause results to differ materially from such statements. A variety of important factors could cause results to differ materially from such statements. Factors that could cause actual results to differ from current expectations include availability of qualified personnel; general economic and business conditions. These and other risks pertaining to Ashton are described in greater detail in the Company's filings with the filings with the Securities and Exchange Commission including those on forms 10-KSB and 10-Q. CONTACT: Ashton Technology Group, Inc. Ashton Investor Relations and Media Contact Fraser P. Seitel, Emerald Partners, 201/784-8880 fax: 201/784-1446 USAWebsite: ashtontechgroup.com