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NEW YORK, March 3, 2005 /PRNewswire-FirstCall via COMTEX/ -- Piper Jaffray & Co. will host its 16th Annual Financial Services Conference on Tuesday and Wednesday, March 15-16 in New York. The conference will showcase nearly seventy large and small-capitalization companies from the banking, specialty finance and financial technologies and services sectors. Several private companies with exceptional growth prospects will also present at the two-day conference.

Company management teams will provide a 35-minute presentation, followed by a 10-20 minute company overview and a 20-minute breakout session, where teams will take questions from the audience. Piper Jaffray senior analysts will host the sessions.

The conference features a panel on March 16 which will focus on Puerto Rican banks. Piper Jaffray Senior Analyst Andy Collins will moderate the panel, which will feature Jose Rafael Fernandez, president and chief executive officer of Oriental Financial Group Inc., and Joseph Sandoval, executive vice president and chief financial officer of R&G Financial Corporation. Panelists will address high profile issues surrounding the Puerto Rican banking industry.

The conference is open to clients of Piper Jaffray & Co. by invitation and to media who wish to cover the conference. Clients of Piper Jaffray who wish to attend should contact their financial representative at the company. Media should contact Cyndy Hanson at or 612-303-6919.

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. Piper Jaffray & Co. has served corporations, government and non-profit entities, institutional investors and the financial advisory needs of private individuals since 1895. Headquartered in Minneapolis, Piper Jaffray has approximately 3,000 employees in 104 offices in 23 states across the country and in London. For more information about Piper Jaffray, visit us online at .

Since 1895. Member SIPC and NYSE.

SOURCE Piper Jaffray & Co.

Susan Beatty, Media Relations of Piper Jaffray & Co., +1-612-303-5680