KANSAS CITY, Mo., Sept. 15, 2008 (GLOBE NEWSWIRE) -- FCStone Group, Inc. (Nasdaq:FCSX), a commodity risk management firm, issued the following statement in response to the events at Lehman Brothers:
"In light of the current market conditions, we felt it important to inform both our customers as well as our shareholders that FCStone has no direct or material exposure to Lehman Brothers," said Pete Anderson, President and Chief Executive Officer. "Despite these macroeconomic circumstances, our business continues to operate under the same risks, assumptions and opportunities today as it has in the past. In the course of prudently monitoring both the domestic and international environment in which we operate, we believe we have no material exposure to Lehman Brothers."
About FCStone - FCStone Group, Inc., along with its affiliates, is an integrated commodity risk management company providing risk management consulting and transaction execution services to commercial commodity intermediaries, end-users and producers. The firm assists primarily middle market customers in optimizing their profit margins and mitigating exposure to commodity price risk. In addition, FCStone, LLC operates one of the leading independent clearing and execution platforms for exchange-traded futures and options contracts. FCStone Group, Inc. serves more than 7,500 customers. In the 12 months ending May 31, 2008, FCStone executed 98.8 million derivative contracts in the exchange-traded and OTC markets. The FCStone Group companies work in all major commodity areas including agriculture, energy, renewable fuels, foods, forestry, and currency exchange. Headquartered in the Midwest, it has offices located throughout the world and is a clearing member of all major North American Futures exchanges. FCStone Group, Inc. trades on the NASDAQ Global Select Market under the symbol FCSX.
Forward-Looking Statements
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