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Napco Asset Management and Packman Financial Finalize Merger

Tue, 02 Sep 2008, 11:31:42 EST

Edited by Carly Zander

Alliance provides opportunity to maximize client services

SYOSSET, N.Y., Sept. 2 (SEND2PRESS NEWSWIRE) -- Napco Asset Management Inc. and Packman Financial Inc. announced that they have completed their merger. The combined company will be known as PNiGlobal Partners Inc. Vincent Napolitano, Chief Executive Officer of Napco Asset Management and Michael Packman, Chief Executive Officer of Packman Financial will share responsibilities and serve as Co-Chief Executive Officers of PNiGlobal Partners.

"Based on the strengths of the two organizations, I am very excited about the opportunities that the future holds for the combined entity," said Napolitano. "We believe the alliance between these two organizations provides a tremendous opportunity for our clients as well as registered representatives looking to join a progressive, growth-focused firm."

"PNiGlobal Partners will offer securities through J.P. Turner & Company, L.L.C. (member SIPC) with investment advisory services offered through J.P. Turner & Company Capital Management L.L.C.," stated Packman.

Charles Mellilo, PNiGlobal Partners' director of operations commented, "The platform provided by J.P. Turner & Company, L.L.C. and J.P. Turner & Company Capital Management, L.L.C. ensures that we can provide our clients with a wide array of products and services."

For more information, please contact: Heidi Wheatley at 1-888-578-8763 or visit www.pniglobalpartners.com.

About J.P. Turner & Company, LLC:

J.P. Turner is a full-service investment firm offering a diverse array of products and services. J.P. Turner & Company, LLC is a member of the Securities Investor Protection Corporation (SIPC), which protects securities customers of its members up to $500,000 (including $100,000 for claims for cash). JP Turner customer accounts held through National Financial Services (NFS) are insured up to the total account net equity. Customer accounts held through Penson Financial Services are insured up to $35 million per customer. SIPC protection and the additional private coverage do not provide protection against market fluctuation and loss. JPT082608-527.

All trademarks acknowledged.

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