Bear Stearns' Ader to Testify Before U.S. Gaming Panel Thursday; Analyst to Offer Wall Street's Perspective on Industry

Business Wire, Sept 9, 1998

NEW YORK--(BUSINESS WIRE)--Sept. 9, 1998--Bear, Stearns & Co., Inc. Senior Managing Director Jason Ader will offer expert testimony at a public hearing of the National Gaming Impact Study Commission on Thursday, September 10 at the Biloxi, Mississippi Convention Center beginning at 8:15 a.m. CDT. The National Gaming Impact Study Commission is a federally appointed panel that has a mandate to study and report upon the impact of the gaming industry on the United States.

In his testimony before the Commission, Ader will discuss the role of investment banks and equity analysis in the U.S. gaming industry. Additionally, he will examine the investment community's historical and current views on U.S. gaming and how the community assesses gaming industry successes and failures. He will also offer comments specific to the Gulf Coast, Mississippi gaming market. Ader is the senior lodging and gaming analyst at Bear Stearns.

For a complete transcript of Ader's testimony, send an e-mail to adam.brecht@us.pwcglobal.com or call (212) 259-3619.

Bear, Stearns & Co., Inc., a leading worldwide investment banking and securities trading and brokerage firm, is a major subsidiary of The Bear Stearns Companies Inc. (NYSE: BSC). With approximately $17.9 billion in total capital, Bear Stearns serves governments, corporations, institutions and individuals worldwide. The company's business includes corporate finance and mergers and acquisitions, institutional equities and fixed income sales and trading, private client services, derivatives, asset management, correspondent clearing, securities lending and custody services. Headquartered in New York City, the company has approximately 9,400 employees located in domestic offices in Atlanta, Boston, Chicago, Dallas, Los Angeles and San Francisco; and an international presence in Beijing, Buenos Aires, Dublin, Geneva, Hong Kong, London, Lugano, Paris, Sao Paulo, Shanghai, Singapore and Tokyo.

    CONTACT:  Bear Stearns & Co., Inc., New York
               Mary Flounders Green
               (212) 272-4356