To: Intrepid1 who wrote (8442 ) 10/16/1998 8:53:00 AM From: Jim P Respond to of 26850
OFF TOPIC Good call Purething, see release below. Vancouver Stock Exchange - Brink, Hudson to merge with Canaccord Vancouver Stock Exchange VSEShares issued 01899-12-30 close $0Friday Oct 16 1998Mr. Michael Greenwood and Mr. Grant Macdonald report Canaccord Capital and Brink, Hudson & Lefever announce an agreement under which the Brink, Hudson & Lefever investment brokerage business will be merged with Vancouver based investment dealer, Canaccord Capital. The merged brokerage business will operate as Canaccord Capital. The agreement will be completed through transfer of assets, senior management and other employees of Brink, Hudson & Lefever to Canaccord Capital. The former Brink, Hudson & Lefever management and staff will continue to operate out of their existing offices, operating an independent Canaccord Capital branch and offering specialized, private client services. The two investment firms have operated successfully in Canada for many years - Canaccord Capital since 1950; Brink, Hudson & Lefever since 1953. In announcing the move, Mr. Macdonald said, "In seeking to position our firm for the betterment of our clients and to ensure future growth, we determined that Canaccord Capital best served our goals. The positioning with Canaccord Capital is a unique alliance and a very compatible partnership. This merger will positively impact our ability to serve our clients from a superior technological and operational platform, and in a much more cost effective manner. But of equal importance is our freedom to operate as an independent and specialized branch within the Canaccord Capital family." "This is a very positive move for Canaccord Capital," stated Mr. Greenwood. "We know Brink, Hudson & Lefever well and have great respect for their management and the quality of the firm's work. We can effectively contribute to their goals and they will certainly add to the depth of our expertise and services. It will be a productive, strong partnership and a unique working relationship that will further enable us to attract experienced, professional investment advisors." Canaccord Capital now operates 17 offices in major Canadian centres and maintains international offices and affiliations in the United States, Britain, Switzerland and Bermuda. The firm has a total staff of some 770, including 450 investment advisers. Canaccord Capital offers a full range of professional investment services including corporate finance, research, institutional equities, international trading and private client services. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com old url (better for printing)