Nolan Securities was founded in 1991. During 2003, we made several important additions to our team, expanding and enhancing our ability to serve our clients. We completed two significant deals in the fourth quarter of 2003.

Energy Conversion Devices
$33 million PIPE Sole
Placement Agent

Nexsan Technologies
$15 million private placement
Sole Placement Agent

Earlier public transactions include:

Energy Conversion Devices
$30 million follow-on offering
Sole manager

Midcoast Energy Resources
$10 million IPO
Co-Manager with Dickinson & Co. and Coleman & Co.

Panaco, Inc
$35 million follow-on offering
Sole Manager

Home Security, Inc.
$25 million IPO
Co-Manager with National Securities

Energy Conversion Devices
$25 million follow-on offering
Co- Manager with Janney Montgomery Scott LLC

B2B Stores.com
$32 million IPO
Co-manager with Gaines Berlan