LONGWOOD, Fla., April 30 /PRNewswire-FirstCall/ -- Jesup & Lamont, Inc. (Amex: JLI), a full-service brokerage, investment banking and investment advisory firm, today announced that it has appointed James B. Fellus as CEO of Jesup & Lamont Securities Corp., Inc., a broker-dealer subsidiary of Jesup & Lamont, Inc.

In a 22-year career, Mr. Fellus has held various senior executive positions within the broker-dealer and financial services industry. His most recent position was Senior Managing Director of Capital Markets for Sterne Agee, Inc., where he was credited with building their Fixed Income and Capital Markets business. Prior to that, he was Senior Managing Director of Fixed Income at Platinum Partner L.P., a Hedge Fund, where he established a Fixed Income Department that managed in excess of $1.5 Billion. He also served as Senior Managing Director and Managing Director of Capital Markets at Advest, Inc. and Societe Generale Securities respectively. At Advest, he was instrumental in transforming its capital markets business from a small regional to a national market presence.

"We are extremely pleased with Mr. Fellus' decision to join Jesup & Lamont Securities Corp. and believe his expertise, proven track record and experience building capital market business will be invaluable as we continue to develop and grow Jesup & Lamont," said Donald A. Wojnowski, Jr., Jesup & Lamont, Inc. President and CEO, Mr. Wojnowski also stated, "This appointment, along with our recently announced Financing, will allow us to accelerate our plan, subject to appropriate regulatory approvals, to consolidate all of our broker-dealer activities in line with our stated goal of creating a boutique middle markets full-service investment banking firm."

About Jesup & Lamont

Established in 1877, Jesup & Lamont has an extensive history on Wall Street, with its origins encompassing such successes as providing brokerage services to Standard Oil and raising capital for the construction of Rockefeller Center. Through its two wholly owned broker-dealer subsidiaries Jesup offers brokerage services through approximately 300 retail brokers in over 30 offices nationwide with institutional sales offices in New York, San Francisco, Boston, Boca Raton and Orlando. The company also publishes proprietary research on several industries including Aerospace/Defense, Alternative Energy and Life Sciences/Healthcare and offers comprehensive investment banking services.

Forward-Looking Statement Disclaimer

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risk, uncertainties or other factors which may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Factors that might cause such a difference include, without limitation, fluctuations in the volume of transactional services provided by the Company, competition with respect to financial services commission rates, the effect of general economic and market conditions, factors affecting the securities brokerage industry as well as other risks and uncertainties detailed from time to time in the Company's Securities and Exchange Commission filings. The company undertakes no obligation to revise or update any forward-looking statement.

SOURCE Jesup & Lamont, Inc.