Detwiler, Mitchell & Co. Announces Subsidiary Name Change and Relocation
30 Julho 2008 - 10:00AM
Business Wire
Detwiler, Mitchell & Co. (Pink Sheets: DMCD) announced the
Company has changed the name of its primary broker-dealer
subsidiary from Detwiler, Mitchell, Fenton & Graves, Inc. to
Detwiler Fenton & Co. (�DFC�) which more accurately reflects
the current management and ownership structure of Detwiler,
Mitchell & Co., the parent company of Detwiler Fenton.
Additionally, the Company reported that it relocated its new
corporate headquarters to the 28th floor of 150 Federal Street in
Boston, MA, from its former location at 225 Franklin Street. �Our
new office space provides a great environment for our staff to
interact with our clients and each other,� said Peter Fenton,
Chairman and CEO. He continued, �We believe our experienced team,
our reputation on the Street and our new accommodations will enable
us to pursue expansion opportunities including acquisitions,
strategic alliances and the hiring of top talent. Further, in
striving to provide the very best independent research available on
Wall Street, the Company is also looking forward to expanding its
research services.� Brad Kimball, Executive Vice President of DFC,
added, �We hope our new location will help to support the Company�s
private wealth clients and attract top performing investment
advisor representatives and securities brokers. We believe Detwiler
Fenton is a very attractive alternative to investment professionals
seeking autonomy to meet the financial needs of their clients.� The
Company also announced that its Annual Meeting will be held on
August 19, 2008 at the UMASS Club, 225 Franklin Street, 33rd Floor,
Boston, MA 02110. Detwiler, Mitchell & Co. (the �Company�) is
the holding company for its two principal operating subsidiaries:
Detwiler Fenton & Co. (�DFC�), a channel research,
institutional sales and private client group broker/dealer
headquartered in Boston, MA, and James Mitchell & Co., a
financial services company headquartered in San Diego, CA. For more
information on the Company, please go to www.pinksheets.com under
the symbol DMCD or to our Company website at www.dmcos.com.
Cautionary Statement Regarding Forward-Looking Statements: Certain
statements in this news release may contain forward-looking
statements within the meaning of the Federal securities laws. Such
statements should be considered in light of the risks and
uncertainties associated with Detwiler, Mitchell & Co. and its
operating subsidiaries, including those economic and market risks
contained in the Company�s Annual Report and other risks prevailing
from time to time; all of which are subject to material changes and
may cause actual results to vary materially from what had been
anticipated.
Detwiler Fenton (CE) (USOTC:DMCD)
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