Cheslock, Bakker & Associates (CBA) announces structural changes in its subsidiary, CBA Securities. Since its formation in 1993, CBA securities has been predominately involved in Mortgage and mortgaged backed securities transactions. In 2000, CBA Securities added functionality in high yield corporate and municipal debt. In response to evolving market conditions and activity changes in CBA's strategic plan, the high yield corporate and municipal group have relocated to J. Giordano Securities Group.

CBA Securities will expand its marketing capabilities in mortgaged backed securities to further support affiliated companies of CBA.

We wish our former colleagues well in their new endeavor.

Any inquires should be addressed to the following:

CBA Securities
Richard Gonzales
203 969-1030
rgonzales@cba.com

Cheslock, Bakker & Associates;
Stan Cheslock
203 969-0513
scheslock@cba.com

J Giordano Securities Group;
Bob Grimm
203 975 5257
rgrimm@jgiordano.com