Cantor Fitzgerald and eSpeed To Donate 100% of September 11th Revenues to Families of Victims on Second Annual September 11th Charity DayCompanies' Commitment To Date Has Raised Over $120 Million For Families and Loved Ones of Victims Lost On September 11th NEW YORK - September 9, 2003 - Cantor Fitzgerald, LP, the leading equity and fixed income institutional sales, trading and brokerage firm, and eSpeed, Inc. (NASDAQ: ESPD), the leader in developing and deploying electronic marketplaces and related trading technology, announced today that 100% of the worldwide revenues their operating business lines generate on September 11, 2003 will be donated to The Cantor Fitzgerald Relief Fund, in support of the firms' Second Annual September 11th Charity Day. In addition, many of Cantor Fitzgerald and eSpeed's 1,600 employees have agreed to donate their pay on that day, to be added to the revenue proceeds. The September 11th Charity Day event, which raised over $5 million last year, represents only a part of the ongoing commitment that Cantor Fitzgerald has made to its families. On September 19, 2001, only one week after the attacks, Cantor announced its intention to donate 25% of the firm's profits. This 5-year commitment is to benefit the families and loved ones of the employees it lost, including providing 10 years of healthcare coverage without cost. To date, this pledge, combined with Cantor Fitzgerald and eSpeed's post-September 11th non-taxable bonuses, donations and other fundraising efforts through The Cantor Fitzgerald Relief Fund, has raised and distributed more than $120 million to the families and loved ones of the 658 employees it lost on September 11th. Howard Lutnick, CEO and Chairman of Cantor Fitzgerald commented, "I am tremendously grateful for the support our customers and employees have provided Cantor Fitzgerald and eSpeed these last two years, which has enabled us to provide enormous support to the families and loved ones of those we lost. These families' courageous spirits and unwavering resolve have been the driving force and inspiration for our rebuilding efforts, and we are honored to work with our customers on September 11th for their benefit." Cantor Fitzgerald and eSpeed families and employees will mark the second anniversary of the tragic attacks on the World Trade Center with a private memorial service in New York City. For more information on the September 11th Charity Day and The Cantor Fitzgerald Relief Fund, please visit www.cantor.com. About The Cantor Fitzgerald Relief Fund About Cantor Fitzgerald About eSpeed, Inc. Contacts: |