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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (13284)	4/26/1999 12:29:00 PM
From: snerd	Respond to of 56535

ASTN... Gomez Advisors Inc. Completes $5.5 Million Private Placement (Business Wire 04/26 11:08:49) Business Editors/Hi-Tech Writers 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. --30--KMK/ph* CONTACT: The Ashton Technology Group Inc. Christine A. Geisser, director of Corporate Relations 215/751-1900 fax: 215/636-3560 Website: www.ashtontechgroup.com KEYWORD: PENNSYLVANIA INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED INTERACTIVE/MULTIMEDIA/INTERNET Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com S.BW ASTN