CHICAGO, Oct. 13 /PRNewswire/ -- EVEREN Securities, Inc. announced today
that its newly formed technology group has completed its first five
financings, including a second offering for Software AG Systems, Inc.
(NYSE: AGS), initial public offerings for Hawker Pacific Aerospace Inc.
(Nasdaq: HPAC) and Emultck Ltd. (NYSE: EMU), and a private placement for
Advanced Recognition Technologies, Inc.
"EVEREN has unique capabilities in financing the explosive growth of
technology companies. We offer clients access to institutional technology
investors, not only in equities, but also in the convertible and straight debt
markets," said David J. Enzer, managing director of EVEREN's technology group.
"In addition, the firm also provides issuers access to a nationwide network of
more than 600,000 individual investors.
"Our team has produced results quickly and we have an inventory of
additional deals in the pipeline for the remainder of 1998," Enzer said.
"Giving the technology sector private and public capital alternatives is
essential in this dynamic marketplace."
EVEREN's technology group is made up of investment banking and equity
research professionals who focus on serving companies with products or
processes that are expanding by 10-40 percent per year. These include
enterprise and embedded software companies, Internet data providers,
technology material manufacturers and suppliers, semiconductor companies,
information technology advisors and industrial vendors.
The group provides a full range of financial services, including
underwriting public offerings, arranging private placements of equity and
debt, financing mergers and acquisitions and strategic counsel and advisory
services to public and privately held corporate clients.
EVEREN's capital markets division serves the market needs of corporations
and governments as well as the interests of investors through a range of
activities, including investment banking, trading, institutional sales and
research of equity, taxable fixed-income and municipal securities. The firm
focuses on growing companies in selected industries, including:
consumer/retail, energy, financial services, healthcare, industrial/capital
goods, real estate and telecommunications.
EVEREN Securities, Inc., a subsidiary of EVEREN Capital Corporation
(NYSE: EVR), ranks among the 10 largest national full-service brokerage firms
in the U.S. EVEREN serves individual, corporate, municipal and institutional
clients through an integrated network of approximately 1,700 investment
consultants in 170 offices. The firm combines the capital markets resources
of a large national organization with the personalized service and dedication
of a smaller firm. Currently, EVEREN holds approximately $60 billion of
client assets in more than 600,000 active client accounts. EVEREN Securities
is a member of the Securities Investor Protection Corporation, the New York
Stock Exchange and other principal exchanges. For more information, visit the
firm's Web site, at http://www.everensec.com.
SOURCE EVEREN Securities, Inc.
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http://www.everensec.com
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http://www.prnewswire.com/comp/121760.html or fax,
800-758-5804, ext. 121760
CONTACT:
Wilson Medina, 312-574-5152, or Edgar P.
McDougal, 312-574-5791, both of EVEREN Securities
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