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MINNEAPOLIS, Apr 30, 2004 /PRNewswire-FirstCall via COMTEX/ -- Piper Jaffray & Co. is pleased to announce the promotion of Mitch Kaiser to vice president and senior research analyst, covering broadline retail and consumer product companies. Kaiser is located in the Minneapolis headquarter office.

"We are pleased to promote Mitch to the position of senior research analyst," said Mike Ott, head of Equity Research at Piper Jaffray. "Mitch has been a valuable member of our consumer research team and has consistently demonstrated high levels of performance, attention to detail and teamwork. He will be a tremendous asset to our consumer platform."

Kaiser was previously a research analyst at Piper Jaffray in food processing and distribution for the past two years. Prior to joining Piper Jaffray, he worked at Deloitte Consulting in Minneapolis for six years, where his last position was a senior manager in strategy/value-based management. Kaiser earned his bachelor of science degree in economics and finance from Minnesota State University, Mankato and his master of business administration from the Carlson School of Management at the University of Minnesota.

Headquartered in Minneapolis, Piper Jaffray & Co., a subsidiary of Piper Jaffray Companies (NYSE: PJC), is a focused securities firm dedicated to delivering superior financial advice, investment products and transaction execution within selected sectors of the financial services marketplace. The company operates through two primary revenue-generating segments -- Capital Markets and Private Client Services. Investment Research, an independent group reporting to the CEO, supports clients of both segments. The firm serves corporations, government and non-profit entities, and institutional investors on a national basis and serves the financial advisory needs of private individuals predominantly across the western half of the United States. The firm has approximately 3,000 employees in 111 offices in 23 states across the country and in London, England. For more information about Piper Jaffray, visit us online at www.piperjaffray.com.

    Since 1895. Member SIPC and NYSE.

SOURCE Piper Jaffray & Co.

Susan Beatty, Public Affairs and Media Relations, of Piper Jaffray, +1-612 303-5680

http://www.piperjaffray.com