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February 08, 2000
First Union Securities Co-manages Initial Public Offering for eMerge Interactive
CHARLOTTE, NC - On Thursday, February 3, 2000, First Union Securities co-managed an eight million share offering for eMerge Interactive, (NYSE: EMRG) a business-to-business e-commerce company serving the livestock industry. The deal was priced above the initial filing range at $15.00 per share.
First Union Securities' Technology Investment Banking Group is one of the largest focused exclusively on emerging Internet companies. First Union has one of the largest Internet focused research teams with a roster of 10 analysts covering over 100 companies. The Technology Investment Banking Group covers the following sectors: Business to Consumer Internet Commerce, Business to Consumer Internet Content, Digital Marketing Services, Business to Business Internet Commerce, Internet Service Providers, IT/Internet Professional Services, Enterprise/Internet Software, Internet Infrastructure, eHealth, eInsurance, and eFinance.
Based in Sebastian, FL, eMerge Interactive offers products and services designed to create an efficient market for the purchase and sale of cattle and to improve quality and productivity in the cattle industry. Emerge provides livestock procurement services, daily analyses of feedlot operations, comparative cattle industry analyses, cattle inventory management tools, and livestock health management. Products include Cyberstockyard.com, a cattle auction site; the Feedlot Information System, an information management package; PCC-online.com, a consultant service; and NutriCharge, a feed supplement.
Important Notice: First Union Securities is the trade name under which Charlotte based First Union Corporation conducts its investment banking, merger and acquisition, asset management and mutual fund, brokerage and insurance businesses.
First Union Securities includes: (1) First Union Securities, Inc. ("FUSI"), a registered broker-dealer and member NYSE/NASD and SIPC providing investment banking, merger and acquisition advisory and brokerage services to corporations, individuals and other institutions throughout the United States; (2) First Union Brokerage Services, Inc. ("FUBS"), a separately registered broker-dealer and member NASD and SIPC providing primarily retail brokerage services; (3) First Clearing Corporation ("FCC"), a separately registered broker-dealer and member NYSE/NASD and SIPC, providing securities clearance and settlement services; (4) the Capital Markets and Capital Management Groups within First Union National Bank ("FUNB"), a national banking association, and its subsidiaries, providing asset management, lending, structured finance risk management, derivatives, and fiduciary services to institutions and individuals; (5) various subsidiaries within First Union Corporation providing investment advisory, administrative and other services to the Evergreen and Mentor families of mutual funds; and (6) various wholly-owned state insurance agencies.
Stocks, bonds, mutual funds or other securities offered or sold through First Union Corporation or any of its bank or non-bank subsidiaries are not deposits of any bank and are not insured, guaranteed or otherwise protected by the Federal Deposit Insurance Corporation or any other government agency; are not endorsed or guaranteed by First Union Corporation, FUNB or any bank; and involve investment risk, including possible loss of principal.
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