NEW YORK, Aug. 7 /PRNewswire-FirstCall/ -- Jesup & Lamont, Inc., (AMEX: JLI), the parent company of Jesup & Lamont Securities Corp., is pleased to announce two appointments to its Equity Research Department: Greg Schroeder, Managing Director, Restaurants. Mr. Schroder's focus will be primarily on casual dining and quick service operators. Mr. Schroeder has more than 15 years of experience in the financial industry, most recently as the Founder and Managing Director of Wisco Research LLC, an independent equity research firm. Greg began his investment career in 1994 as an associate analyst with PaineWebber in New York City. He subsequently worked as a senior analyst for several investment banking and brokerage firms, including Josephthal & Co., Fulcrum Global Partners and Advest. Mr. Schroeder holds a BA degree in Economics, an MS degree in Statistics, and an MS degree in Business Finance from the University of Wisconsin-Madison. Kevin Dede, CFA, Vice President, Technology. Mr. Dede's focus will be on wireless communication hardware and software, and he will bring more than 16 years of experience in the financial industry. Prior to joining Jesup & Lamont, Mr. Dede held research positions in firms such as Prudential, Montgomery Securities, Wells Fargo, Merriman Curhan Ford and most recently Morgan Joseph. Mr. Dede holds an engineering degree from the United States Merchant Marine Academy at Kings Point and an MBA. "Greg and Kevin are valuable additions, and we are delighted to add them to our growing team," said Alex Hamilton, Jesup and Lamont's Director of Research. About Jesup & Lamont Securities Corp. Established in 1877, Jesup & Lamont has an extensive history on Wall Street and offers full service broker-dealer services through its nationwide network of retail brokers. Jesup and Lamont Securities Corporation also publishes proprietary research on several industries including Aerospace/Defense, Oil & Gas, Technology, Transportation and Special Situations through its institutional offices in New York, San Francisco and Boston as well as offering comprehensive investment banking services. Forward-Looking Statement Disclaimer This press release contains "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risk, uncertainties or other factors which may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Factors that might cause such a difference include, without limitation, fluctuations in the volume of transactional services provided by the Company, competition with respect to financial services commission rates, the effect of general economic and market conditions, factors affecting the securities brokerage industry as well as other risks and uncertainties detailed from time to time in the Company's Securities and Exchange Commission filings. The Company undertakes no obligation to revise or update any forward-looking statement. DATASOURCE: Jesup & Lamont, Inc. CONTACT: Donald A. Wojnowski, President of Jesup & Lamont, Inc., +1-212-307-2660,

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