Jesup & Lamont Securities Corporation Enters Into Strategic Alliance With Legent...

Jesup & Lamont Securities Corporation Enters Into Strategic Alliance With
Legent Clearing LLC

NEW YORK, March 3 /PRNewswire-FirstCall/ -- Jesup & Lamont, Inc. (Amex: JLI),
- Jesup & Lamont, Inc. and Legent Clearing LLC announced today that Jesup's
wholly owned subsidiary, Jesup & Lamont Securities Corp, a full-service
brokerage and investment banking firm specializing in trading, equity
research, corporate/public finance and wealth management for an institutional
and retail clientele, has signed a multiyear contract with Legent and its
principals in which Jesup will utilize Legent's clearing platform as its
primary clearing agent. The alliance has provided capital from Legent to
Jesup & Lamont, Inc. as Jesup continues in building and expanding its
operations. In connection with this relationship Jesup will provide to Legent
and its customer access to Jesup's proprietary fixed income research platform
as well as integrating its global execution services (debt & equity) into
Legent's product offering.

James Fellus, CEO of Jesup & Lamont Securities Corp stated, "This is a
significant step as we continue to build out the capabilities and services of
our Brokerage operations. We believe that this strategic alliance will provide
us the capabilities necessary to implement our business plan and take
advantage of the opportunities created by the recent turmoil in the Financial
Services Industry."

"Legent is looking forward to providing Jesup & Lamont a full range of
custom-fit services to meet the firm's business needs," said Raymond Maratea,
Co-President of Legent Clearing. "The recent investments we have made to
enhance our compliance, operations and trading technology by partnering with
Mediant Communications, Fetter Logic, Thomson Reuters and other vendors have
enabled us to attract high caliber firms like Jesup & Lamont. We will continue
to build on that success by improving the quality and quantity of the products
and services we offer our introducing firms and by encouraging their
involvement in the evaluation process," Mr. Maratea added.

About Legent Clearing

Legent Clearing is a leading independent provider of correspondent clearing
services to broker/dealers nationwide. Since its founding in 2002, Legent has
grown rapidly as a result of its unique combination of independence, alliances
with providers of best-of-breed technology, including with Mediant
Communications, Fetter Logic, Thomson Reuters and other vendors, and
investment vehicles and from its ability to offer customized solutions for
each correspondent client. Legent provides access to investment products and
services including equities, mutual funds, foreign securities, fixed income
investments, prime brokerage, options, annuities, DVP/RVP and WRAP accounts
through a variety of online tools and platforms. Legent Clearing, a wholly
owned subsidiary of Legent Group, is headquartered in Omaha, Nebraska.

About Jesup & Lamont, Inc.

Established in 1877, Jesup & Lamont, Inc. 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 200 retail brokers in over 20 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