Gruntal & Co. Opening New Office in Osterville, Ma

Business Wire, Jan 22, 2002

Business Editors

OSTERVILLE, Mass.--(BUSINESS WIRE)--Jan. 22, 2002

Gruntal & Co., one of the nation's oldest securities brokerage firms, today announced the opening of a new office in the village of Osterville, Massachusetts.

The village is located in the town of Barnstable in the Mid Cape Cod area. Gruntal & Co. will occupy the building located at 12-14 Parker Road. This branch will be operated as a satellite of Gruntal's Boston office, managed by Ron Cappelletti. Fred Jewett and Fred Palmer, the primary account executives in this new branch, have a wealth of experience in the financial services industry and look forward to serving the Cape Cod community.

The opening of the Osterville branch office brings the number of Gruntal offices to 24 with locations throughout the United States, including New York, California, Connecticut, Florida, Illinois, Maryland, Pennsylvania, New Jersey and Georgia.

"We are extremely pleased to become a part of a very vibrant business community on the Cape. We see great promise in Osterville, and are happy to be expanding our presence outside the Boston area," said Chairman and Chief Executive Officer Robert Rittereiser.

An opening ceremony is planned for early spring, at which point members of the press and business community will be invited to meet senior executives from Gruntal & Co., including Mr. Rittereiser, Hank Gottmann, Vice Chairman and President of the Private Client Group, and Gruntal's Chief Investment Strategist, Joseph Battipaglia.

Mr. Gottmann commented, "Our new presence in Osterville will allow us to enhance our services to both current and prospective clients at the local community level. More than ever, investors need the kind of seasoned, professional services Gruntal offers, particularly as we experience the current market turbulence."

For additional information please contact Gruntal's Osterville office at (866) 293-1799, or visit the office located at 12-14 Parker Road, Osterville, Massachusetts. Members of the media who would like further information should contact Jennifer Linker, Morgen-Walke Associates, (212) 850-5651.

Gruntal & Co., L.L.C., a wholly owned subsidiary of Gruntal Financial L.L.C., is a national securities brokerage firm established in 1880. The firm offers a full line of investment products and services to individual and institutional clients. Gruntal Financial L.L.C., with approximately $17 billion in client assets, employs over 1,200 people in offices across the United States.