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SIOUX FALLS, S.D., Sep 10, 2004 /PRNewswire-FirstCall via COMTEX/ -- The Piper Jaffray Sioux Falls branch is pleased to announce its 40th anniversary of serving investors in the Sioux Falls area. Piper Jaffray first came in to the Sioux Falls market on February 1, 1964, when Piper Jaffray & Hopwood purchased Jamieson & Co. Piper Jaffray is the oldest brokerage firm in South Dakota, tracing its roots back to 1917, when the company operated as Slaugheter-Burke Grain Co. in Sioux Falls. The Sioux Falls branch currently has 20 employees, including 13 financial advisors.

The branch will celebrate its anniversary with a ribbon-cutting ceremony Wednesday, Sept. 15 with the Chamber of Commerce. In addition, the firm will host a lunch for clients on Thursday, Sept. 16 at the Minnehaha Country Club with guest speaker Tad Piper, vice chairman of Piper Jaffray Companies.

"We are thrilled to celebrate 40 years of service in Sioux Falls," said Larry Hoyme, Sioux Falls branch manager at Piper Jaffray. "This is a proud moment for our branch employees and the firm. We look forward to celebrating this anniversary with our clients and members of the Sioux Falls business community."

Tad Piper, Paul Grangaard, head of Private Client Services at Piper Jaffray and Larry Hoyme will be available for media interviews at 11 a.m. at the Minnehaha Country Club. Members of the media that are interested in interviewing executives from Piper Jaffray should contact Susan Beatty in advance at 612-303-5680 or susan.l.beatty@pjc.com .

Piper Jaffray & Co. is the chief operating subsidiary of Piper Jaffray Companies (NYSE: PJC), 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. Piper Jaffray & Co. has served corporations, government and non-profit entities, institutional investors and the financial advisory needs of private individuals for more than 108 years. Headquartered in Minneapolis, Piper Jaffray has approximately 3,000 employees in 111 offices in 23 states across the country and in London. For more information about Piper Jaffray, visit us online at http://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