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

To: Libbyt who wrote (3531)	7/30/2000 4:54:46 PM
From: Libbyt	Read Replies (1) \| Respond to of 4443

Ashton Technology Acquires Assets of Broker-dealer Friday July 28, 11:01 am Eastern Time Company Press Release PHILADELPHIA--(BUSINESS WIRE)--July 28, 2000--The Ashton Technology Group, Inc. (NASDAQ: ASTN - news), announced today that it has finalized an agreement to purchase the assets of a broker-dealer operation. The broker-dealer, to be named ATG Trading, LLC, is a proprietary trading firm and member of the Philadelphia Stock Exchange (PHLX). ATG Trading, LLC, will provide liquidity on a neutral basis to all of Ashton's intelligent matching systems, including the eVWAP(tm) (electronic volume weighted average price) trading system. Clearing will be provided through ABN AMRO Sage Corporation, a wholly owned subsidiary of ABN AMRO, Inc., a clearing member of all national securities exchanges. 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. 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. Factors that could cause actual results to differ from current expectations include whether the acquisition will meet management's expectations, securities and banking regulatory issues that may arise, difficulties in deploying technology, the ability to develop markets, and the emergence of other competitors. 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-K and 10-Q. Contact: The Ashton Technology Group, Inc. Ashton Investor Relations and Media Contact Fraser P. Seitel, Emerald Partners 201/784-8880 Telefax: 201/784-1446 Website: www.ashtontechgroup.com biz.yahoo.com