eSpeed to Present at Upcoming Sandler O'Neill Conference
eSpeed zu myNews hinzufügen Was ist das?
eSpeed, Inc. (NASDAQ: ESPD), a leader in electronic marketplaces and
related trading technology for the global capital markets, today
announced that Howard W. Lutnick, Chairman, Chief Executive Officer and
President of eSpeed, will present an overview of the proposed merger
between eSpeed and BGC Partners, Inc. ("BGC)
and the outlook for the combined company at Sandler O'Neill & Partners,
L.P.’s 2007 eBrokerage and Global Exchange
Conference in New York City. He will present on Thursday June 7, 2007,
at 10:15 a.m. EDT.
A webcast of the presentation will be broadcast over the internet and
can be accessed live or as a replay via the "Conferences”
section at http://www.sandleroneill.com
or in the "Investor Info”
section of www.espeed.com. Please
note: listeners should log on at least ten minutes early to register,
and must have a Real Media or Windows Media plug in and headphones or
speakers to listen to the webcast.
Important Information
In connection with the proposed merger, the Company intends to file a
proxy statement and related materials with the U.S. Securities and
Exchange Commission (the "SEC”)
for the meeting of stockholders to vote on the proposed Merger. BECAUSE
THOSE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION, HOLDERS OF THE
COMPANY’S COMMON STOCK ARE URGED TO READ THEM
CAREFULLY, IF AND WHEN THEY BECOME AVAILABLE. When filed with the SEC,
the proxy statement and related materials will be available for free
(along with any other documents and reports filed by the Company with
the SEC) at the SEC’s website, www.sec.gov,
and at the Company’s website, www.espeed.com.
Participant Information
The Company and its directors and executive officers may be deemed to be
participants in the solicitation of proxies from the Company’s
stockholders in connection with the proposed Merger. Certain information
regarding the participants and their interests in the solicitation are
set forth in the Company’s Annual Report on
Form 10-K for the year ended December 31, 2006, which was filed with the
SEC on March 15, 2007, and will be set forth in the proxy statement for
the Company’s meeting of stockholders to vote
on the proposed Merger. Stockholders may obtain additional information
regarding the proposed Merger by reading the proxy statement and the
related materials relating to the proposed Merger, if and when they
become available.
About eSpeed and BGC eSpeed, Inc. (NASDAQ: ESPD) is a leader in developing and
deploying electronic marketplaces and related trading technology that
offers traders access to the most liquid, efficient and neutral
financial markets in the world. eSpeed operates multiple buyer, multiple
seller real-time electronic marketplaces for the global capital markets,
including the world's largest government bond markets and other fixed
income and foreign exchange marketplaces. eSpeed's suite of marketplace
tools provides end-to-end transaction solutions for the purchase and
sale of financial products over eSpeed's global private network or via
the Internet. eSpeed's neutral platform, reliable network,
straight-through processing and superior products make it a trusted
source for electronic trading at the world's largest fixed income and
foreign exchange trading firms and major exchanges.
For more information, please visit www.espeed.com.
BGC is a leading inter-dealer broker, providing integrated voice
and electronic execution and other brokerage services to banks,
brokerage houses and investment banks for a broad range of global
financial products, including fixed income securities, foreign exchange,
equity derivatives, credit derivatives, futures, structured products and
other instruments, as well as market data products for selected
financial instruments. Named after fixed income trading innovator B.
Gerald Cantor, BGC has offices in the U.S., U.K. and France as well as
Geneva, Copenhagen, Nyon, Milan, Mexico City, Beijing (representative
office), Tokyo, Hong Kong, Singapore, Melbourne, Sydney, Toronto, South
Korea and Turkey.
To learn more, please visit www.bgcpartners.com.
Discussion of Forward-Looking Statements
The information in this release contains forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Such statements are based upon current expectations that
involve risks and uncertainties. Any statements contained herein that
are not statements of historical fact may be deemed to be
forward-looking statements. For example, words such as "may,” "will,” "should,” "estimates,” "predicts,” "potential,” "continue,” "strategy,” "believes,” "anticipates,” "plans,” "expects,” "intends”
and similar expressions are intended to identify forward-looking
statements.
The actual results of eSpeed, BGC or the combined company ("we”,
"our” or the "combined
company”) and the outcome and timing of
certain events may differ significantly from the expectations discussed
in the forward-looking statements. Factors that might cause or
contribute to such a discrepancy for eSpeed, BGC and/or the combined
company include, but are not limited to, the combined company’s
relationship with Cantor and its affiliates and any related conflicts of
interests, competition for and retention of brokers and other managers
and key employees, pricing and commissions and market position with
respect to any of our products, and that of the combined company’s
respective competitors, the effect of industry concentration and
consolidation, and market conditions, including trading volume and
volatility, as well as economic or geopolitical conditions or
uncertainties.
Results may also be impacted by the extensive regulation of our
respective businesses and risks relating to compliance matters, as well
as factors related to specific transactions or series of transactions,
including credit, performance and unmatched principal risk as well as
counterparty failure. Factors may also include the costs and expenses of
developing, maintaining and protecting intellectual property, including
judgments or settlements paid or received in connection with
intellectual property or employment or other litigation and their
related costs, and certain financial risks, including the possibility of
future losses and negative cash flow from operations, risks of obtaining
financing and risks of the resulting leverage, as well as interest and
currency rate fluctuations.
Discrepancies may also result from such factors as the ability to enter
new markets or develop new products, trading desks, marketplaces or
services and to induce customers to use these products, trading desks,
marketplaces or services, to secure and maintain market share, to enter
into marketing and strategic alliances, and other transactions,
including acquisitions, dispositions, reorganizations, partnering
opportunities, and joint ventures, and the integration of any completed
transactions, to hire new personnel, to expand the use of technology for
screen-assisted, voice-assisted and fully electronic trading and to
effectively manage any growth that may be achieved. Results are also
subject to risks relating to the proposed Merger, separation of the BGC
businesses and the relationship between the various entities, financial
reporting, accounting and internal control factors, including
identification of any material weaknesses in our internal controls, our
ability to prepare historical and pro forma financial statements and
reports in a timely manner, and other factors, including those that are
discussed under "Risk Factors”
in each of eSpeed’s Annual Report on Form
10-K for the year ended December 31, 2006 filed with the SEC on March
15, 2007 and BGC’s Registration Statement on
Form S-1 filed with the SEC on February 8, 2007 (Registration No.
333-140531) to the extent applicable.
We believe that all forward-looking statements are based upon reasonable
assumptions when made. However, we caution that it is impossible to
predict actual results or outcomes or the effects of risks,
uncertainties or other factors on anticipated results or outcomes and
that accordingly you should not place undue reliance on these
statements. Forward-looking statements speak only as of the date when
made and we undertake no obligation to update these statements in light
of subsequent events or developments.
