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EXHIBIT 99.1
For more information:
Matthew Kyler
Stockwalk.com Group, Inc.
612.542.3626
[email protected]
FOR IMMEDIATE RELEASE
STOCKWALK.COM GROUP, INC. COMPLETES ACQUISITION OF KINNARD INVESTMENTS, INC.
MINNEAPOLIS...SEPTEMBER 8, 2000, Stockwalk.com Group, Inc. (Nasdaq: STOK), has
announced it has completed the mergeR of Kinnard Investments, Inc. (Nasdaq:
KINN) into a subsidiary of Stockwalk, effective today. The merger follows the
vote by Kinnard shareholders on September 5 to approve the terms of the Merger
Agreement.
Kinnard shareholders will receive $6.00 cash and .7676 shares of Stockwalk
common stock for each share of outstanding Kinnard common stock. Holders of
Kinnard options and warrants will receive a cash payment pursuant to the terms
of the agreement. Wells Fargo Bank Minnesota N.A. is the exchange agent for the
merger and information regarding the exchange of Kinnard stock for the merger
consideration will be mailed to Kinnard shareholders as soon as possible.
ABOUT STOCKWALK.COM GROUP, INC.
Based in Minneapolis, Minnesota, Stockwalk.com Group, Inc. is the
parent company of MJK Holdings, Inc. which owns the full service brokerage firms
of Miller, Johnson & Kuehn, Incorporated, Kinnard Investments, Inc., R.J.
Steichen & Company, as well as Stockwalk.com, Inc., an on-line trading company
(AOL keyword: Stockwalk) and Online Brokerage Solutions, Inc., which privately
labels online trading for third parties. All subsidiaries are members of the
Exhibit 99.1-1
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National Association of Securities Dealers (NASD) and the Securities Investor
Protection Corporation (SIPC). Miller, Johnson & Kuehn, R.J. Steichen and
Kinnard Investments are also members of the Chicago Stock Exchange. For more
information visit www.stockwalkgroup.com.
Exhibit 99.1-2
