Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: AJ Berger who wrote (324)	4/26/1999 12:30:00 PM
From: EyeDrMike	Read Replies (2) \| Respond to of 4443

Monday April 26, 11:53 am Eastern Time Company Press Release Gomez Advisors Inc. Completes $5.5 Million Private Placement PHILADELPHIA--(BUSINESS WIRE)--April 26, 1999--The Ashton Technology Group Inc. (ATG(tm)) (NASDAQ Small Cap Market:ASTN) announced today that its subsidiary, Gomez Advisors Inc. (Gomez), completed the sale of 1,100,000 shares of Series B Convertible Preferred Stock. The gross proceeds of $5.5 million will be used to develop new markets and products, expand the marketing staff, and for general corporate purposes. The securities sold were not registered under the Securities Act of 1933, as amended, and may not be sold in the United States absent registration or an applicable exemption from the registration requirements. Gomez is a leading independent provider of consumer-based electronic commerce (eCommerce) research, tools and analysis. Through proprietary ''Scorecards'' on its www.gomez.com Web site, Gomez ranks the performance and quality of the on-line service offerings of brokerage firms, banks, travel agents, booksellers and other eCommerce participants. ATG is an Internet technology company that is designing products and services for use by the financial services industry. ATG is developing a family of on-line transaction systems using advanced telecommunication technologies, computing technologies, together with data and information security technologies designed to facilitate transactions among participants in the financial markets. ATG's proprietary transaction systems will be made available to end users through both proprietary communications networks and the Internet. The forgoing press release contains forward-looking statements based on current management expectations. Certain factors which may cause actual results to differ from current expectations include the ability of Gomez to use the proceeds of its private placement in the contemplated manner and the inadequacy of the proceeds for such purposes. For a discussion of other factors which could cause actual results to differ from current expectations, see ATG's reports filed with the SEC. -------------------------------------------------------------------------------- Contact: The Ashton Technology Group Inc. Christine A. Geisser, director of Corporate Relations 215/751-1900 fax: 215/636-3560