    
 SCHECHTER & CO. LIMITED
Media Release - Announcement of Reopening
8 September 2008
Following the events at Bear Stearns earlier this year and after some serious reflection on our part, we are delighted to inform you of our decision to reactivate Schechter & Co. Limited.
Our official reopening is today, Monday, 8 September.
The current economic climate with banks merging, capital constraints and staff cutbacks provides us with a unique opportunity to fill a void and offer a service that is not being addressed by others - namely, the highest quality debt advisory, debt placement and leasing products for issuers requiring less than $500 million. This was our original business model when we opened the doors in 2002.
Today, more than ever, this model is valid and needed as the financial supermarkets are no longer interested in mid-sized transactions. Such deals, which are the mainstay of Schechter & Co. Limited, are what we love doing and where our expertise lies.
Schechter & Co. Limited has already received its authorization and is regulated by the Financial Services Authority. We have just completed a total upgrade to our computer system together with a full office refurbishment. Everything is brand new except for the same old "get the job done, no problem" attitude of the original Schechter & Co. Limited.
With the uncertainties in today's capital markets, a safe pair of hands with a proven track record and a wealth of product knowledge in the liability side of the balance sheet is not a luxury - it is a necessity. To quote Virgil's Aeneid, "Experto Credite" or Trust in Experience is every bit, if not more, appropriate today than it was 2,000 years ago.
The directors of Schechter & Co. Limited accept responsibility for this announcement. |
Schechter & Co. Limited