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To: The SPHINX who wrote (5584)	3/31/1999 9:06:00 AM
From: Wayne Rumball	Read Replies (2) \| Respond to of 13776

INEXD news; (BSNS WIRE) Intrex, Incorporated Names Richard H. Bach as Chairman and C Intrex, Incorporated Names Richard H. Bach as Chairman and CEO; Carl R. Walston Appointed President Business Editors NEW YORK--(BUSINESS WIRE)--March 31, 1999--Intrex, Incorporated (OTC BB:INEXD) announced today that it has named Richard H. Bach as Chairman and CEO. Additionally, the Company announced today that it has appointed Carl R. Walston as President. Both individuals join the Company following its recent acquisition of Alexander, Wescott & Company. David M. Weiss, former President and CEO of Intrex, will remain with the Company as Executive Vice President. In January 1996, Mr. Bach acquired control of Alexander, Wescott Holdings and was responsible for growing the firm from approximately $500,000 in revenues to in excess of $7 million in 1998. During his career, Mr. Bach has also served as President of Trauber, Bach & Co., a registered broker-dealer specializing in third-market and institutional executions, and as President of Investors Financial Services, a floor trading operation and member of the Commodities Future Trading Commission and the National Futures Association. Prior to joining Alexander, Wescott as President in 1996, Mr. Walston had served as CEO of four operating companies of the Deak-Perera Group, and from 1985 to 1994 was Executive Vice President and Director of Cadre Consulting Services, a fund administrator and SEC registered investment advisor. During his career, Mr. Walston has also served as a member of the Executive Committee and the Board of Directors of Walston & Company, one of the nation's largest retail securities firms for over two decades. Previously, Mr. Weiss was Vice President and Manager of Global Business, Industry and Product Training at Goldman Sachs, and has overseen the implementation of a sophisticated electronic trading system which Intrex intends to utilize as part of its online brokerage services. Mr. Weiss has also served as Vice President-Derivatives Products at the New York Stock Exchange, and was Vice President-Administrator of PaineWebber's fixed income division. Additionally, Mr. Weiss has authored several books on the brokerage industry, including the best selling "After the Trade is Made", "Global Security Processing" and "Traders, the Jobs, the Products and the Markets". Intrex is currently developing a first-of-its kind, comprehensive brokerage website for accredited investors and institutions. This unique, fully interactive site will provide members many value-added products and services such as block trades, private placements, IPO's, equity research, and other offerings. These services, which are typically only available through a private banking relationship, represent a new level of innovation geared towards the sophisticated and active investor. The Company is also currently pursuing various strategic acquisitions alliances in an effort to offer its customers a single location for the most advanced and exclusive mix of online informational and transactional services available through the Internet. This release is covered under the "Safe Harbor " Statement under the Private Securities Litigation Reform Act of 1995: Certain information included in this release that are not historical facts are forward looking statements that involve a number of known and unknown risks and uncertainties, including but not limited to, the Company's ability to successfully implement a strategy of continued growth and other risks detailed in the Company's registration Statement on Form SB-2 and other Securities and Exchange Commission filings. The Company's actual results, performance or achievements may differ materially from any future results performance or achievements expressed or implied in any forward looking statement. --30--lp/ny* sm CONTACT: Intrex, Incorporated, New York Rick Bach, 212/742-9870 or Public Relations Contact Bella Wagner, 212/843-8057