eChapman, Inc. (ECMN.PK)

eChapman, Inc. provides financial service offerings and asset management solutions. The company’s core businesses are investment management, and investment banking and brokerage. It participates in the fixed income secondary market trading in government securities, primarily for fixed income investment managers, municipal treasurers, and other investment professionals. The company provides investment advisory services to separate accounts under individual investment advisory agreements. It manages equity and debt portfolios with the investment objectives of long term capital appreciation and current income. The company provides brokerage services to institutional and retail clients in 50 states, the District of Columbia, and Puerto Rico by executing buy and sell orders for securities on national and regional exchanges, and in over-the-counter market. The company also sells annuity products on an agency basis for insurance underwriters. eChapman Inc. was founded in 1998.

For the three months ended 3/31/03, net revenue fell 76% to $411 thousand. Net loss totaled $292 thousand vs. an income of $245 thousand. Results reflect a decrease in retail and institutional brokerage activity and increased professional fees.