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Epixtar Corp. Enters Into Investment
Banking Relationship With Sands Brothers
Monday, April 28, 2003 - 1:45 pm ET
MIAMI - April 28 /PRNewswire-FirstCall/ - Epixtar Corp. (OTC
Bulletin Board: EPXR - News) today said it has entered into
an investment banking relationship with Sands Brothers, a
highly-regarded New York-based investment banking firm. The
company, a New York Stock Exchange member firm, has more than
20,000 clients and approximately $1.5 billion in customer
assets or assets under management. Its investment banking
division has a strong track record with emerging growth companies
and is well respected for its innovative approach to both
debt and equity offerings.
"Our most recent financial results validate our model,"
said David Srour, Epixtar Chief Operating Officer. "We
have progressed from a developmental company to a true, growth
company and our capital objectives now require the expertise
of an investment banking firm like Sands Brothers."
For the year ended December 31, 2002, the Company reported
revenues of $26,250,851. This compares to revenues of $1,189,723
for the year ended December 31, 2001.
ABOUT EPIXTAR
Epixtar Corp. located in Miami, Florida develops communications-related
service bundles designed chiefly for the small-to-medium sized
business market. This approach leverages proven, highly efficient
sales techniques that account for over $239 billion or 44%
of all direct B2B sales.
In four years, Epixtar has launched five brands realizing
success by creating strong value chains to satisfy market
demand. Epixtar focuses primarily on value-added ISP and telecommunications
services.
About Sands Brothers & Co., Ltd.
Sands Brothers & Co. Ltd is a leading NYSE-member investment
firm with 20,000 clients and approximately $1.5 billion in
assets under management. Headquartered in New York City, the
firm concentrates on individualized and proprietary services
and products for high net-worth individuals and sophisticated
investors. Sands Brothers also offers comprehensive investment
banking for developing companies, including access to the
public and private equity markets. Sands Brothers focuses
on strategic, long-term relationships with its technology
and other industry clients. Among its services are: (i) the
Sands Brothers group of Venture Funds investing in late-stage,
leading technology and biotechnology companies in partnership
with other leading venture capital firms; (ii) Advisorport,
a leading technology platform for automating and individualizing
private client portfolios and transactions; (iii) Hedge Fund
investments for qualified investors and (iv) insurance and
annuity services. Sands Brothers has over 250 professionals
with offices in New York, Texas, South Florida, and San Francisco.
A sister company, Sands Brothers Asset Management, LLC is
a registered investment advisor. Martin and Steven Sands who
remain actively involved as co-chief executive officers founded
Sands Brothers & Co., Ltd. in 1990. Sands is also a member
of the NASD, SIPC, MSRB and SIA.
SAFE HARBOR STATEMENT
This release contains statements about expected future events
and financial results that are forward looking. These statements
are based on our estimates and assumptions and are subject
to risks and uncertainties. Actual results could be affected
by a downturn in the economy, new competitive products, slower
rate of growth in member base, higher than anticipated cancellations,
unforeseen expenses, or technical failure related to self
generating web site development or inability to scale server
capacity to meet demand. Forward-looking statements include
the information concerning our possible or assumed future
results of operations. Forward-looking statements also include
those preceded or followed by the words: "anticipates,"
"believes," "estimates," "hopes"
or similar expressions. For those statements, we claim the
protection of the safe harbor for forward-looking statements
contained in the Private Securities Litigation Reform Act
of 1995.
For further information contact:
Harry B. Fozzard
hfozzard@epixtar.com
Source
EPIXTAR CORP.
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