August 15, 2001

American Portfolios licenses StatementOne's web-based consolidated reporting solution


Lawrenceville, N.J.- StatementOne, the industry leader in enterprise financial data aggregation and performance reporting, announced today that American Portfolios has signed an agreement to integrate StatementOne's proprietary data consolidation and performance reporting platform into American Portfolios' technology infrastructure.

Headquartered in Holbrook, NY, American Portfolios Financial Services http://www.americanportfolios.com has offices throughout the New York/New Jersey area. It was founded by a group of independent financial professionals whose primary goal was to offer their clients solid investment advice without the pressure of having to sell products normally associated with sales organizations. "Through continually improving our support services and information technology systems, American Portfolios has maintained the ability to meet our own high standards for quality financial services to our clients," said Lon Dolber, American Portfolios' chief executive officer. "The relationship with StatementOne helps to solidify our commitment to and preparedness for meeting our clients' goals in the 21st century. Having timely access to transactional data and performance reporting will help our Advisors make the most of their time, and provide a higher level of service and responsiveness to our investor clients."

StatementOne currently manages account data for over $54 billion (U.S.) in assets, representing more than 13,000 financial advisors and over 1,000,000 investors. They provide a secure, Web-based, turnkey service whichdelivers securities account aggregation, consolidated statements and performance reporting to branch managers, registered representatives and their clients (investors). Utilizing direct data-feeds from custodians and clearing houses, it maintains data accuracy and relationships without the aid of the labor-intensive manual data-gathering or service bureaus often required with other portfolio management solutions.

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This press release is made as a matter of record, and is not intended, nor should be interpreted, as a recommendation or solicitation to invest in any company or in any Axiom entity.