MICHAEL S. CASHEL APPOINTED CHIEF OPERATING OFFICER OF HARBORSIDE+

NEW YORK, NY, September 24th, 2002 – Michael S. Cashel has joined Harborside+ as chief operating officer, it was announced today by the company. A neutral and confidential service for attracting and matching large block equity indications of interest (IOIs), Harborside+ opens up the greatest available pool of liquidity by including traders from the buy- and sell-sides.

"Michael brings a wealth of experience in sales trading and management to our rapidly expanding company, and he will have a key role in building our trading desk and sales relationships," said Harborside+ President and CEO, Robert C. Hall.

Mr. Cashel, who reports to Mr. Hall, was most recently with ABN Amro, where he was senior managing director and head of equity sales, Americas. Before that, Mr. Cashel was a principal at Morgan StanleyDean Witter. While there, he headed Emerging Markets Sales Trading (NY), Non Japan Asian Equity Sales Desk (NY) and Emerging Markets Equity Sales (London).

Reporting to Mr. Cashel at Harborside+ are: Michael J. Earlywine, head of trading; David Leone, vice president, marketing; Seth Gelberg, vice president, technology & CTO and; John Malik, vice president, product development.

For more information please contact:
Tim Lane
Tel: 212/285-9872

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