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To: Scott who wrote (37495)	4/30/1999 11:33:00 AM
From: Logistics	Read Replies (1) \| Respond to of 120523

EAST / EASTW BIG NEWS JUST OUT - THEY ARE GOING BROKERAGE ONLINE Hold for update... JL

To: Scott who wrote (37495)	4/30/1999 11:37:00 AM
From: Logistics	Read Replies (1) \| Respond to of 120523

riday April 30, 11:09 am Eastern Time Company Press Release SOURCE: Eastbrokers International Incorporated Eastbrokers International Launches EBonlineinc.com Web site; Former Hewlett-Packard Manager, Bob Ciri, Hired to Head Subsidiary ROCKVILLE, Md., April 30 /PRNewswire/ -- Eastbrokers International Incorporated (Nasdaq: EAST; Berlin and Frankfurt: ETB) announced today that it has launched its new online virtual business network Web site, at address ebonlineinc.com. EBonlineinc.com, a joint venture between Eastbrokers International and Cyber Realm, is created to become the definitive on-line destination for both companies and investors that are interested in buying or selling businesses. The Company also announced that it has hired Bob Ciri, to head EBonlineinc.com. Mr. Ciri is an experienced executive and a specialist in the high technology sector. His past positions include CEO of Conexsys, Inc., an internet and data warehouse company, President and COO of Apache Medical Systems, Inc., a healthcare software data mining company, and, North American Field Operations Manager for Hewlett-Packard. ''EBonlineinc.com will allow domestic and internationally based companies to post their businesses, match with buyers and have access to the Eastbrokers investment banking and securities network of 32 offices domestically and throughout Central and Eastern Europe. EBonlineinc.com management will be staffed with seasoned finance professionals who will assist their members in obtaining financing, mergers, acquisitions or other growth oriented strategies. This differentiates EBonlineinc.com from other Web sites of this nature who just match buyers and sellers of businesses. We intend to continue to expand the reach and content of this on-line venture, and are very excited about its potential,'' said Bob Ciri, Managing Director at EBonlineinc.com. EBonlineinc.com intends to market the site throughout the internet. It also expects to market the site in the print media both domestically and internationally. The international marketing segment will initially focus in the countries of Central and Eastern Europe, where Eastbrokers operates and where the supply of companies looking for acquisitions, joint venture and investments is substantial. EBonlineinc.com also intends to enter into joint marketing agreements with mergers and acquisition firms in countries in which it does not have a presence. EBonlineinc.com will offer free trial memberships for a limited time. The Company cautioned that there can be no assurance that EBonlineinc.com or the Company's relationship with Cyber Realm will be successfully developed. The Company also stated that the future expansion of this site may cause the Company to have to obtain various regulatory approvals and that obtaining these approvals, among other factors, could negatively impact the successful development of EBonlineinc.com. Eastbrokers International operates a highly diversified, international, investment banking and securities network. In Europe, Eastbrokers operates WMP Bank AG, an Austrian bank and brokerage company, in which the Company maintains a majority interest. The Company also operates other brokerages throughout Central and Eastern Europe. In the United States, the Company operates EBI Securities Corporation, a NASD member, full service, investment banking and brokerage firm with 20 offices. For further information about the Company or EBonlineinc.com, please contact the US corporate headquarters at 301-527-1110 or by e-mail at info@Eastbrokers.net. Cyber Realm is an international internet services company specializing in providing internet access services to corporations, internet service providers and consumers over a nationwide internet backbone consisting of over 950 points of presence throughout the United States. For further information about Cyber Realm, please contact Bruce Bertman at 301-947-0100 or visit the Cyber Realm Web site at www.cyberrealm.net. Certain information contained in this press release includes forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and is subject to certain risks and uncertainties, including but not limited to the effect of political, economic and market conditions both domestically and in Eastern and Central Europe and those referred to in the discussion of risks and uncertainties set forth in the Company's Annual Report on Form 10-KSB and as amended for the fiscal year ended March 31, 1998, and in the Company's other reports filed pursuant to the Securities Exchange Act of 1934. Readers are cautioned not to place undue reliance on these forward looking statements, which are made as of the date hereof and The Company undertakes no obligation to release any revisions to the forward looking statements to reflect events or circumstances after the date hereof or to reflect unanticipated events or developments. SOURCE: Eastbrokers International Incorporated More Quotes and News: Eastbrokers International Inc (Nasdaq:EAST - news) Related News Categories: banking, internet