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American Stock Exchange Names Fred Yager Senior Vice President, Corporate Communications

Date 12/02/2004

The American Stock Exchange (Amex) announced today that Fred Yager has been appointed Senior Vice President of Corporate Communications.

Mr. Yager most recently served as President and Founder of the World News & Information Network, a marketing and communications company specializing in pro-active communications strategies. Previously, Mr. Yager was Vice President, Media Relations and Director, Global Broadcast Services at Merrill Lynch. During his tenure at Merrill Lynch, Mr. Yager was responsible for expanding and enhancing the firm's brand and image globally through all forms of media including television, radio, print and the internet. Before joining Merrill Lynch in 1987, Mr. Yager held various positions at Fox Television, CBS News and the Associated Press.

"Fred's leadership and experience in initiating successful communications strategies make him a valuable addition to the Amex team," said Amex Chairman and CEO Salvatore F. Sodano. "His vast industry knowledge and extensive background will greatly benefit the Amex as we continue to evolve in today's challenging market environment."