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American Stock Exchange Salutes Seat Owner Steve Fossett on His Around the World Balloon Accomplishment - Record-Breaking Balloon Achievement Exudes Spirit of Innovation

Date 02/07/2002

The American Stock Exchange (Amex) is proud to commemorate seat owner Steve Fossett for his accomplishment of being the first person to circumnavigate the globe solo in a balloon. "His spirit of innovation and achievement is awe-inspiring," said Amex Chairman and CEO Salvatore F. Sodano. "We are proud of his record-breaking achievement and congratulate him on enduring a long, tough journey."

Fossett's determination to balloon single-handedly non-stop around the world is an act of resiliency and faith. His adventurous personality has led him to make several attempts to balloon around the world, as well as swim across the English Channel and compete in the 24 hour Le Mans Car race, among other endurance-enhancing activities.

Fossett is President of Larkspur Securities Inc., an investment company. In addition to being an Amex seat owner, he is also a Trustee of Washington University and serves on the National Executive Board of the Boy Scouts of America and is a Fellow of the Royal Geographic Society and the Explorers Club.

The Amex has long had a history of innovation and spirit of achievement. In 1993, it pioneered the first exchange traded fund (ETF) product and is the leader in ETF listings, with 117 of the 119 in existence in the U.S. listed at the Amex. From its historic beginnings on the curbstones of downtown New York to the present, the Amex has traditionally been the marketplace for the new and emerging companies whose innovative spirit has helped shape our country.