Exhibit 99

         J Net Enterprises Acquires Epoch Investment Partners, Inc.

NEW YORK--(BUSINESS WIRE)--June 3, 2004--J Net Enterprises, Inc.
(OTCBB:JNEI) today announced the acquisition of Epoch Investment Partners,
Inc. ("Epoch"), an investment advisory and investment management business.
The acquisition was effected pursuant to an agreement and plan of merger,
whereby Epoch was merged with and into a wholly-owned subsidiary of J Net
Enterprises, Inc. ("J Net"), with Epoch surviving and the shareholders of
Epoch receiving the right, based on the satisfaction of certain conditions
by Epoch, to receive approximately 51% of the common stock of J Net.  J Net
intends to carry on Epoch's investment advisory and investment management
business as J Net's primary line of business and anticipates altering its
name at a later date to reflect the company's principal line of business.
Epoch expects to have in excess of $800 million of assets under management
shortly after the closing of the transaction.

Epoch was recently formed and co-founded by Mr. William W. Priest.  Mr.
Priest has over 35 years of experience in the investment advisory business
and most recently served as co-managing partner of Steinberg, Priest &
Sloane Capital Management, LLC ("SPSCM") and, prior to that, as Chairman
and CEO of Credit Suisse Asset Management ("CSAM") Americas and as CEO of
its predecessor firm BEA Associates, which he co-founded in 1972.  During
his tenure at BEA Associates and CSAM Americas, Mr. Priest developed the
firm into a well-recognized investment manager with over $100 billion in
assets under management.  In addition to Mr. Priest, Epoch's co-founders
are Timothy Taussig, former Managing Director, Member of the Global
Executive Committee for CSAM and Co-Head of Global Marketing for CSAM
worldwide; J. Philip Clark, former Managing Director of Sanford C.
Bernstein & Co.'s private client and institutional asset management
businesses; David Pearl, Managing Director and Senior Portfolio Manager at
SPSCM; and Berenson Epoch LLC, an affiliate of the New York investment
banking firm Berenson & Company.  Timothy Taussig, J. Philip Clark and
David Pearl shall be part of Epoch's core management and investment teams.

Allan R. Tessler, Chairman of J Net stated, "We have been interested in
finding a way to participate in the investment management industry for some
time.  We believe Bill Priest, with over 35 years of achievement,
experience and an excellent reputation in this industry is the ideal person
to lead this effort."

William W. Priest, J Net's new CEO designate and President of Epoch said,
"In my experience, it is rare to find a Board of Directors that recognizes
the same opportunity in the investment management industry as we did in
founding Epoch.  Allan Tessler's enthusiasm and willingness to continue as
Chairman will greatly facilitate the development of this opportunity."

Mr. Priest continued, "It is our aspiration to create a global asset
management firm with accomplished and experienced professionals that
combines in-house research and insight with a dedication to serving the
informed investor. All our key professionals have both achievement and
extensive experience in their respective fields of expertise."

The investment banking firm of Ryan Beck & Co. served as financial advisor
to the Board of Directors of J Net in connection with this transaction.
Additional details with respect to the acquisition and Epoch's business can
be found in a Current Report on a Form 8-K dated June 2, 2004 to be filed
by J Net.

Safe Harbor Statement:
This press release may contain forward-looking statements that involve
known and unknown risks, uncertainties and other factors which may cause
the actual results, performance or achievements of the Company to be
materially different from any future results, performance or achievements
expressed or implied in such forward-looking statements. Additional
discussion of factors that could cause actual results to differ materially
from management's projections, estimates and expectations is contained in
the Company's SEC filings. The Company undertakes no duty to update its
forward-looking statements, including its earnings outlook.

# # #

Contact:

Epoch Investment Partners, Inc.
J. Philip Clark
(212) 303-7200

J Net Enterprises, Inc.
Linda Crump
(972) 665-1313