A.B. Watley Selects w-Trade Technologies for Providing Wireless Services

Customers will be able to access their accounts from a number of wireless platforms

A.B. Watley Group Inc. (NASDAQ: ABWG), premier provider of online and institutional trading services through its brokerage firm A.B. Watley, Inc. (www.abwatley.com), today announced that the Company will use the w-Trade Technologies' (www.w-trade.com) Wireless Trading System(TM)to offer its clients wireless brokerage services on a wide variety of handheld wireless devices.

The new wireless capability is expected to become available within 60 days and once implemented, A.B. Watley customers will be able to buy and sell stock, receive stock quotes and manage their investment portfolios from a wide range of mobile handheld devices including the Palm, Inc. 1/8Nasdaq:PALM 3/8 Palm III(TM), Palm IIIx(TM), Palm V(TM), Palm Vx(TM) and Palm VII(TM) organizers, Microsoft Nasdaq:MSFT 3/8 Windows CE-based handheld devices, one and two-way pagers such as the RIM

1/8Nasdaq:RIMM 3/8 Inter@ctive(TM) pager, personal communicators like the

1/8NYSE:NOK 3/8 Nokia 9000il Communicator and a wide range of cellular phones. The w-Trade Technologies' system also supports all the leading wireless data networks, including CDMA, CDPD, TDMA, GSM and MobiTex and others.

"By utilizing the w-Trade wireless trading technology, our clients will have access to their accounts through a wide range of wireless platforms," said Robert Malin, President of A.B. Watley, Inc. "A.B. Watley is extremely pleased to partner with the pioneer of wireless trading, providing our clients with one of the best and most proven wireless trading platforms."

"Companies who wish to maintain their competitive advantage in the New Economy are increasingly looking at mobile commerce as the next logical step," said Donna R. Oliva, CEO of w-Trade Technologies. "A.B. Watley has established itself as a technology leader in the financial services industry, and we are delighted to help them maintain that position by building a wireless system based on our exclusive network and device agnostic technology that can extend A.B. Watley's reach to customers worldwide."


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