Dallas, Aug 31 --Institutional Equity Holdings, Inc. (OTCBB:IEQC) announced that
it has received NASD approval for First Atlanta Securities, LLC (FAS) to become
a wholly owned subsidiary of IEQC. FAS is an innovative boutique broker dealer
headquartered in Atlanta, GA that performs asset management advisory, insurance,
retail and institutional stock brokerage services. FAS' principals also have
experience in institutional investment banking as well as private placement and
bridge loan deals to accredited individual investors.
Commenting on the acquisition, Jim Steinkirchner, President and CEO of FAS,
stated, "We are very pleased to join Institutional Equity. We have identified
strategic growth initiatives that, upon execution, will position IEQC as one of
the premier investment banking firms in the small to midcap capital formation
arena."
Bob Shuey, Chairman of Institutional Equity Holdings, added, "We are extremely
pleased to have attracted such a strong up-and-coming financial services firm as
First Atlanta. FAS will maintain a leadership role within IEQC and will provide
the additional management necessary to execute our business plan which will
certainly entail other acquisitions in addition to our internal growth."
About Institutional Equity Holdings, Inc.
Institutional Equity Corporation is a NASD member fu m based in Dallas with
approximately 15 employees. Institutional Equity Corporation also has offices in
Boca Raton, FL and Plainview, NY. Institutional Equity Corporation is a full
service Broker Dealer and investment banking house catering to small cap
companies in the American Stock Exchange, Nasdaq National Market and Nasdaq
Small Cap Market. Institutional Equity Corporation has co-managed two public
offerings under $15 million in size completed in the new millennium.
About First Atlanta Securities, LLC.
First Atlanta Securities is a NASD member firm based in Atlanta with
approximately 20 securities professionals. First Atlanta focuses on growth
oriented developing companies in the Technology, Tclecommunications and
Biotechnology fields.
Statements included within this press release that are not historical in nature
constitute forwardlooking statements for the purposes of the safe harbor
provided by the Private Securities Litigation Reform Act of the 1995. Investors
are cautioned that this press release contains certain such forward-looking
statements that involve substantial risks and uncertainties. The company's
actual results, performance or achievements could differ materially from the
results expressed in, or implied by, these forward looking statements. Further
management discussion of risks and uncertainties can be found in the Company's
quarterly Sling with the Securities Exchange Commission and other Periodic
filings.
TEL: (800) 200-0012 Jim Steinkirchner
5500 Interstate North Parkway, Ste. 515
Atlanta, GA 30328
TEL: (877) 467-7891 Robert A. Shuey 111
5910 North Central Expressway, Ste. 1480
Dallas, TX 75206
