Gunnar Holdings Purchases Embarcadero Securities


ENCINO, Calif., June 22, 2001 (PRIMEZONE) -- On June 14, 2001, the NASDR District 2 approved the change of ownership for Embarcadero Securities. The new owner is Gunnar Holdings, LLC.

RND Resources, Inc., a compliance consulting firm specializing in securities broker dealers, registered investment advisors and hedge funds assisted the firm in the regulatory approval of the ownership change.

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CONTACT: RND Resources
         Dave Banerjee
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