EF Hutton - Recent Stock Volatility; No Comment on AIG, Cetera News

Nov 19, 2015, 09:45 ET from EF Hutton America

NEW YORK, Nov. 19, 2015 /PRNewswire/ -- EF Hutton America ("EF Hutton") (Symbol: HUTN) is aware of recent stock volatility.  Within the last sixty days, HUTN has traded in a wide range between $0.40 to $3.00.  EF Hutton is not aware of any specific news that would cause such volatility.  Furthermore, we have no comment on media reports that two financial firms, AIG and RCS Capital, are seeking to sell their securities and investment businesses.  Although EF Hutton previously disclosed in public filings that we are seeking acquisitions and strategic partners, EF Hutton's corporate policy prohibits identifying specific acquisition candidates or commenting on any specific candidates, the state of any strategic discussions or on market rumors.

About EF Hutton America

EF Hutton America Inc. is a holding company with subsidiaries - EF Hutton Investments and EF Hutton Financial.  The company provides value-added services to consumers and institutions. EF Hutton is a legendary brand in financial services that is known for innovation and high-quality service.  The company owns Gateway, an internet service that is connecting consumers with financial professionals. Visit EF Hutton America on the web at www.efhutton.com.

Disclaimer

Some of the statements in this release may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about EF Hutton's beliefs, plans or expectations, are forward-looking statements. These statements are based on EF Hutton's current plans, estimates, and expectations. There are risks and uncertainties that could cause actual results to differ materially from those expressed in or suggested by such statements. EF Hutton assumes no obligation to update this release (including any forward-looking statements herein) as a result of new information, developments, or otherwise. This release speaks only as of the date issued.

 

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