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-- Firm Promotes Neely Tamminga to Senior Research Analyst --

MINNEAPOLIS, April 30 /PRNewswire/ -- Piper Jaffray & Co. is pleased to announce the expansion of its consumer research platform with the promotion of Neely Tamminga to vice president and senior research analyst, covering specialty retail: women's and luxury goods companies. Tamminga is located in the Minneapolis headquarter office.

"We look forward to this expansion of our consumer team and are fortunate to have such great talent to draw from," said Mike Ott, head of Equity Research at Piper Jaffray. "Neely will be a tremendous asset to the team and a perfect complement to our current retail coverage. We look forward to her contributions in the women's and luxury goods sector."

Tamminga was previously a research analyst at Piper Jaffray in specialty retail: softlines retail, mass merchandising and multichannel commerce since September 2002. Prior to joining Piper Jaffray, she was an associate research analyst in the retail sector at A.G. Edwards & Sons in St. Louis, Mo. Tamminga earned her bachelor of arts degree in economics from Calvin College in Grand Rapids, Mich., and her master's of business administration from St. Louis University.

Headquartered in Minneapolis, Piper Jaffray & Co. (NYSE: PJC), a subsidiary of Piper Jaffray Companies, 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.

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SOURCE Piper Jaffray & Co.

CONTACT: Susan Beatty, Public Affairs and Media Relations of Piper Jaffray, +1-612-303-5680
Web site: http://www.piperjaffray.com