Gruntal & Co. Opening New Office in Conshohocken


CONSHOHOCKEN, Pa., May 3, 2001 (PRIMEZONE) -- Gruntal & Co.:


 When:             Tuesday, May 8, 2001
                   11:00 Ribbon cutting;
                   Luncheon immediately following
 
 Where:            Gruntal & Co.
                   Millennium 1
                   20 Ash Street, 4th Floor
                   Conshohocken, Pennsylvania

Gruntal & Co., one of the nation's oldest securities brokerage firms, will open an office in Conshohocken, Pa., on Tuesday, May 8, 2001. Recognizing Conshohocken as a community with exceptionally strong growth potential, Gruntal & Co. is one of the first companies of its kind to open an office in this area just outside Philadelphia.

Senior executives from Gruntal & Co., including Chairman and Chief Executive Officer Robert Rittereiser and Chief Investment Strategist Joseph V. Battipaglia, will be in attendance.

At the event, guests will have the opportunity to speak one-on-one with these senior executives. Mr. Rittereiser has been CEO of Gruntal & Co. since 1995, and Mr. Battipaglia has held senior positions at Gruntal for 17 years. Battipaglia's investment insight is regularly spotlighted on radio and television, including guest appearances on CNN's "Larry King Live," PBS's "The Nightly Business Report," NBC's "Today Show" and "Meet the Press," and numerous financial programs on CNBC.

"We are pleased to be one of the first companies to have a presence in a community that has demonstrated such promising growth potential," said Rittereiser.

For additional information, please contact Gruntal's Conshohocken office at (610) 567-1900, or visit the office located at Millennium 1, 20 Ash Street, 4th Floor, Conshohocken, Pa. Members of the media who would like further information should contact Stacey Reed, Morgen-Walke Associates, (212) 850-5667.

Gruntal & Co., L.L.C., a wholly owned subsidiary of Gruntal Financial L.L.C., is a national securities brokerage firm established in 1880. The firm offers a full line of investment products and services to individual and institutional clients. Gruntal Financial L.L.C., with approximately $20 billion in client assets, employs more than 1,400 people in offices across the United States.



            

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