Gruntal & Co. Chairman of Investment Policy Joseph V. Battipaglia to Provide Investment Outlook


FORT LAUDERDALE, Fla., May 17, 2001 (PRIMEZONE) -- Gruntal & Co.:


 When:    Tuesday, May 22, 2001 
          7 p.m.
 
 Where:   Fort Lauderdale Airport Sheraton Hotel 
          1825 Griffin Rd 
          Dania, Florida

Gruntal & Co., one of the nation's oldest securities brokerage firms, today announced that Joseph V. Battipaglia, Chief Investment Strategist, internationally known by the financial community and individual investors for his depth of market analysis, will share his current market insights with reporters and investors on Tuesday, May 22, as part of the company's continuing regional "Investment Seminar Series." Individuals may attend the symposium free of charge. The seminar will be hosted by the Fort Lauderdale branch of Gruntal & Co.

Battipaglia will outline his investment strategy and give commentary on current market activity, as well as where to invest under current market conditions. Battipaglia has held senior positions at Gruntal for 17 years, and his investment insight is regularly spotlighted on radio and television. His special guest appearances include 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.

"There is strong evidence that the equity market is recovering," said Battipaglia. He continued, "Stocks are rising ahead of earnings and there has been some softening in the bond market. I am confident that by year end, we will see the Dow at 12,700."

Those interested in attending the event should call the reservation hotline at (800) 260-9373 or register online by visiting Gruntal's Website, www.gruntal.com. Reservations are recommended, as seating is limited. For additional information, please contact Gruntal's Fort Lauderdale office at (800) 338-0111, or visit the office located at 515 East Las Olas Boulevard, Fort Lauderdale, Fla. Members of the media who wish to attend 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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