CONSHOHOCKEN, Penn. May 8, 2001 (PRIMEZONE) -- Gruntal & Co., one of the nation's oldest securities brokerage firms, today announced the opening of a new office in Conshohocken, Pennsylvania. The community, located just outside Philadelphia, is recognized as one of the fastest growing in the area, and Gruntal & Co. will be the first company to inhabit the Millenium 1 office complex, located at 20 Ash Street. Paul MacCrory will manage the office located in Montgomery County, and 50 employees will be housed in this new facility.
The opening of the Conshohocken branch office represents one of 22 Gruntal offices located throughout the United States, including New York, California, Connecticut, Florida, Illinois, Maryland, Massachusetts, New Jersey, and Georgia.
"We are extremely pleased to become a part of one of the fastest-growing business communities in Pennsylvania. We see great promise in Conshohocken, and are happy to be one of the first companies to take up residence here," said Chairman and Chief Executive Officer Robert Rittereiser.
An opening ceremony is planned for 11:00 today, at which point members of the press and business community can meet senior executives from Gruntal & Co., including Rittereiser and Chief Investment Strategist Joseph Battipaglia.
Battipaglia commented, "Our new presence in Conshohocken will allow us to enhance our services to both current and prospective clients. As we have seen in the market turbulence of the last few months, investors need the kind of experienced, professional services Gruntal offers."
Employees formerly located in the Philadelphia branch of Gruntal & Co. will now be located in the Conshohocken office.
For additional information please contact Gruntal's Conshohocken office at (610) 567-1900, or visit the office located at Millennium 1, 20 Ash Street, 4th Floor, Conshohocken, Penn. Members of the media who would like further information should contact Stacey Reed, Morgen-Walke Associates, (212) 850-5667.
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 $20 billion in client assets, employs over 1,400 people in offices across the United States.