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Press ReleaseSource: Sagient Research Systems
 
PlacementTracker Publishes Q3 2004 PIPE Market League Tables
Tuesday October 26, 8:00 am ET
 

SAN DIEGO, Oct. 26, 2004 (PRIMEZONE) -- Sagient Research Systems (OTC BB:SRYS.OB - News), a leading publisher of independent research for the financial services and institutional investment communities, today announced that Roth Capital Partners, LLC ranked as the No. 1 investment bank in the PIPE market in the third quarter of 2004 for total number of transactions and that UBS Investment Bank ranked as the No. 1 investment bank in the PIPE market in the third quarter of 2004 for total dollars raised. Laurus Funds topped the list of most active institutional investors during the third quarter of 2004.

PlacementTracker, a flagship product of Sagient Research Systems, is well recognized as the leading provider of research, data, and analytics covering the PIPE market.

Commenting on the League Tables, Robert F. Kyle, executive vice president of Sagient Research said, ``A slowing in PIPE market activity that started in the second quarter continued in the third quarter of 2004. We believe that the weakness and low liquidity in the general market were the main catalysts for the decreased activity. In addition, pending regulatory action and uncertainty surrounding the upcoming presidential election may have contributed to the slowdown. In response to these conditions, we also took note of a slight up-tick in the issuance of Structured PIPEs (PIPEs that involve some degree of contractual price protection). Overall, we expect that 2004 will finish strong in the PIPE market and propel us to near-record levels for completed transactions. As always, we congratulate all of the active agents and investors in the PIPE market for their third quarter performance, especially those leaders who topped the League Tables. Many of these firms are long-time clients of PlacementTracker, and we look forward to continuing to provide them with industry leading data, research, and analytics to help keep them on top of this market.''

PlacementTracker's dynamically updating League Tables are now available online at: http://www.sagientresearch.com/pt/leaguetables.cfm.


    The Q3 2004 PIPE Market Investment Banking League Table
                   By Dollar Amount Raised

 Placement Agent Name   Transaction Count   Total Amount Raised

  UBS Investment Bank             1               $92,016,994
  CIBC World Markets              2               $84,371,988
  Lazard Freres & Co.,LLC.        2               $73,344,985
  Banc of America Securities      3               $53,345,000
  Roth Capital Partners, LLC.     7               $52,485,481
  SG Cowen & Co., LLC.            2               $41,491,419
  Aton Securities, Inc.           2               $40,837,360
  The Kriegsman Group             1               $40,000,000
  The Shemano Group, Inc.         4               $36,500,000
  Tejas Securities Group,Inc.     1               $31,500,000
  Rodman & Renshaw, LLC.          3               $30,750,000
  ThinkEquity Partners            1               $27,507,970
  Burnham Hill Partners           3               $26,139,042
  C.E. Unterberg, Towbin          2               $21,679,870
  Carnegie ASA                    1               $21,654,960
  Enskilda Securities ASA         1               $21,654,960
  Fearnley Fonds ASA              1               $21,654,960
  Credifinance Securities Limited 1               $18,337,360
  Cohen & Steers Capital Advisors 1               $17,750,000
  Harris Nesbitt Corp.            1               $16,749,999
  Morgan Keegan & Company, Inc.   2               $16,383,903
  HPC Capital Management, Corp    3               $15,300,000
  RBC Capital Markets, Inc.       1               $15,082,999
  Lane Capital Markets, LLC.      1               $15,000,000
  Pritchard Capital Partners      2               $14,640,000
 Investment Banking rankings exclude all Equity Line of Credit
 transactions and all PIPE transactions conducted by Canadian
 domiciled issuers.  On transactions where an investment banking firm
 has acted solely as Financial Advisor, that transaction has been
 excluded from that firm's ranking.  Co-agented transactions award
 full transaction credit to all agents participating (regardless of
 status of lead agent or co-agent).  Data is reported as of
 10/26/04.

    The Q3 2004 PIPE Market Investment Banking League Table
                By Number of Transactions

 Placement Agent Name   Transaction Count  Total Amount Raised

  Roth Capital Partners,LLC.      7               $52,485,481
  The Shemano Group,Inc.          4               $36,500,000
  Ascendiant Securities,LLC.      4               $14,200,000
  H. C. Wainwright & Co.,Inc.     4               $ 5,985,000
  Banc of America Securities      3               $53,345,000
  Rodman & Renshaw,LLC.           3               $30,750,000
  Burnham Hill Partners           3               $26,139,042
  HPC Capital Management Corp     3               $15,300,000
  JPC CapitalPartners,Inc.        3               $11,850,000
  Jesup & Lamont Securities Corp  3               $11,777,650
  Sands Brothers &  Co.,Ltd.      3               $ 7,339,900
  Casimir Capital L.P.            3               $ 6,694,550
  Duncan Capital,LLC.             3               $ 4,492,375
  CIBC World Markets              2               $84,371,988
  Lazard Freres & Co.,LLC.        2               $73,344,985
  SG Cowen & Co.,LLC.             2               $41,491,419
  Aton Securities,Inc.            2               $40,837,360
  C.E. Unterberg, Towbin          2               $21,679,870
  Morgan Keegan & Company, Inc.   2               $16,383,903
  Pritchard Capital Partners,LLC. 2               $14,640,000
  William Blair & Company ,LLC.   2               $14,305,050
  Burnham Securities              2               $ 9,000,000
  Olympus Securities,LLC.         2               $ 5,880,000
  J.P. Turner & Co.               2               $ 4,650,001
  C.K. Cooper & Co.,Inc.          2               $ 4,080,000

 Investment Banking rankings exclude all Equity Line of Credit transactions
 and all PIPE transactions conducted by Canadian domiciled issuers.  On 
 transactions where an investment banking firm has acted solely as 
 Financial Advisor, that transaction has been excluded from that firm's 
 ranking.  Co-agented transactions award full transaction credit to all 
 agents participating (regardless of status of lead agent or co-agent).  
 Data is reported as of 10/26/04.

   The Q3 2004 PIPE Market Institutional Investor League Table
                    By Number of Transactions

 Investor Name       Transaction Count  Total Amount Invested

 Laurus Funds                     18              $70,750,000
 Highbridge International, LLC    13              $28,471,657
 Vertical Ventures Investments    12              $ 7,074,985
 Ramius Capital Group,LLC         10              $16,539,774
 DKR Management Company, Inc      10              $ 8,449,965
 Kingsport Capital Partners, LLC   9               $13,250,000
 Bristol Capital Advisors,LLC      9               $ 6,733,875
 LH Financial Services Corp        8               $ 3,699,999
 Omicron Capital,LP                8               $ 8,829,988
 SRG Capital,LLC                   8               $ 1,744,999
 Millennium Management, LLC        7               $28,600,001
 Canaccord Capital Corporation     7               $ 3,899,750
 GreenLight(Switzerland) SA        7               $ 2,586,000
 The Mercator Group                6               $17,150,000
 NIR Group,LLC                     6               $ 8,125,000
 BayStar Capital,LP                6               $ 7,549,985
 Heights Capital Management,Inc    5               $ 5,312,100
 GSSF Master Fund, LP.             5               $ 2,600,002
 Andrew Carter Capital, Inc        5               $   649,999
 Pequot Capital Management,Inc     4               $21,850,725
 Staro Asset Management, LLC       4               $ 9,999,400
 Balyasny Asset Management,LP      4               $ 7,160,023
 Bluegrass Growth Fund Partners    4               $ 3,149,728
 Ram Capital Resources, LLC        4               $ 1,303,976
 Downsview Capital,Inc             4               $ 1,299,999

 Investor rankings exclude all Equity Line of Credit transactions and
 all PIPE transactions conducted by Canadian domiciled issuers.
 Investors classified as Corporate Investors and Insurance Companies
 have been excluded from this ranking.  Data is reported as of
 10/26/04.

About Sagient Research Systems

Sagient Research Systems is a publisher of independent research. We develop, produce, and sell proprietary research products to mutual funds, hedge funds, and investment banks. Our business strategy is to continue to leverage our development, technology, and marketing expertise to solidify our position as a leading provider of independent research to the financial services and institutional investment communities. For more information, please visit the Sagient Research Systems website at http://www.sagientresearch.com.

Safe Harbor Statement

Statements in this press release that are not statements of historical or current fact constitute ``forward-looking statements'' within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties, and other unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms ``believes,'' ``belief,'' ``expects,'' ``intends,'' ``anticipates,'' ``will,'' or ``plans'' to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission.

 

Contact:
          Sagient Research Systems
          Brian M. Overstreet
          President & CEO
          (858) 200-2350

Source: Sagient Research Systems