Jesup & Lamont Securities Corp. Names James F. Donovan Managing Director of Institutional...

Jesup & Lamont Securities Corp. Names James F. Donovan Managing Director of
Institutional Equity Sales

LONGWOOD, Fla., July 31 /PRNewswire-FirstCall/ -- Jesup & Lamont Inc.
(Amex: JLI), the parent company of Jesup & Lamont Securities Corp., a boutique
financial services firm providing brokerage and investment banking services to
retail and institutional clients, today announced that James F. Donovan has
joined Jesup and Lamont Securities Corp as Managing Director of institutional
equity sales.
Prior to joining Jesup & Lamont, Mr. Donovan spent the last 8 years
serving as a Director within the institutional sales group at Credit Suisse.
He brings a proven track record spanning over 25 years that included positions
at Donaldson, Lufkin & Jenrette and Lehman Brothers.
"With Jim's decision to join our team we continue to build what we believe
will be the super-regional boutique firm servicing middle market issuers and
institutional clients. Jim's experience and long standing relationships should
have significant impact on our business and we are pleased to have someone of
his caliber join our firm". Stated Kevin DiRussa, Executive Managing Director
of Capital Markets for Jesup.
"Adding Jim to our team in Boston brings in another experienced executive
who can have an immediate impact in the growth of our firm" added James A.
Fellus, CEO of Jesup and Lamont Securities Corp. "Jim's decision to join us
further validates our model as well as increasing our presence in Boston.
With this and other additions we believe these are exciting times for Jesup
employees and shareholders"
About Jesup & Lamont Inc.
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. Jesup & Lamont, through its two wholly owned brokerage
subsidiaries, offers full service broker-dealer services through its
approximately 300 retail brokers in over 30 offices nationwide and
institutional sales offices in New York, San Francisco, Boston, Boca Raton and
Orlando. The Company's Jesup and Lamont Securities Corporation subsidiary 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.

Donald A. Wojnowski, CEO and President of Jesup & Lamont Inc.,
+1-407-774-1300, DWojnowski@empirenow.com