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For Immediate Release YAMNER & CO., INC. ANNOUNCES ADOPTION OF THIRD-PARTY VENDOR KNOBIAS TOOLSET August 6, 2002, Saddle Brook, NJ - Yamner & Co., Inc. today announced it has entered in a definitive licensing agreement for third-party research tools from Knobias.com. Knobias research tools offer critical, real-time corporate action alerts, real-time news and filings, intra-day earnings guidance and trading alerts, as well as fundamental and technical analysis. Yamner & Co., Inc. will utilize the inherent value of the Knobias offerings to further its services to its retail and institutional clients. "Complementing our tremendous trading technologies, Knobias will allow us to gain additional perspectives on the positions our clients are trading, or interested in trading. For example, on oversized orders, the Knobias products give us a keen insight into who may have recently been executing trades in the stock, offering us a potential counter-party for such larger trades," states Steve Goldman, Chief Executive Officer. "An example of the customer service orientation of the product lies in its simplistic way of producing an extensive report, more than twenty pages, in Adobe PDF format, within seconds. This report is filled with detailed financial and technical analysis, recent news and other press items, insider transactions, institutional holdings, acquisitions and distributions, as well as other critical data on the security. Such a report can often be a critical element in extending customer service. The details found therein often help ensure we provide that which we believe is the highest quality trading performance." Additionally, Yamner will utilize the Raidar-PROT tool from Knobias which will allow the firm to program equity baskets for which the system will continuously scan several dozen new sources, databases, activity centers, for anything related to the baskets of stocks. Real-time alerting shall ensure the Yamner trading desk is dialed into such critical events that may be important in ensuring what we believe is the highest quality trade service. Yamner will offer its clients direct access to their own Knobias account for a nominal licensing fee each month. "Our retail and institutional clients do business with Yamner because of our personal attention and customer service, but primarily due to our award-winning quality of execution. We need to ensure that we have all the necessary tools to give us every angle to provide a superior fill for our clients. We look forward to adding the Knobias products to our extensive toolsets," adds Goldman. Yamner & Co., Inc. is a discount brokerage firm servicing the financial markets for nearly three decades. Yamner & Co., Inc.'s Tier One trading desk services both the small- and mid-sized institutional markets as well as the retail sector. The firm offers more than twenty-six execution systems and eighty-two liquidity sources. For more information on the NetExchange, please click here. Contacts: Yamner & Co., Inc. |