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CHOD: BROKER/DEALER on the REBOUND....
DD supplied by 426 Figures on RB: Castle Holding Corp, CHOD....
CHOD is a fully reporting OTC company, +.01 earnings in the 3rd quarter. Wholly owned subsidiaries: Castleonline.com: Citadel Securities, and Castle Securities. Check out this JavaTrader Tutorial:
castleonline.com
CastleOnline ("ONLINE"), a division of Castle Securities started in July 1996, lets customers execute securities transactions over the Internet. ONLINE is a specialized service designed for serious traders. It targets frequent, experienced traders rather than casual, lower volume investors. ONLINE provides comprehensive realtime data and the fastest executions possible to highly sophisticated customers. Consequently, ONLINE is not positioned to compete directly with the larger online brokers for mass market customers. Its value and appeal is to a more demanding, more active sub-segment of the investment community.
HIGHLIGHTS:
+ Using ONLINE's state-of-the-art T-3 fiber optic data feed, JavaTrader's recent average order time is less than one second, with execution time and reports for marketable orders less than five seconds.
+ Dynamic cost-effective infrastructure geared to the professional trader. ONLINE's fees are very competitive. For $150 per month ($0 if customer monthly transactions exceed 100), customers are provided realtime NASDAQ Level II quotes and commissions are attractively priced at $19.95 per trade.
+ For the quarter ended June 30, 1999, ONLINE customer transactions totaled approximately 45,000, a 192% increase over last years comparable quarter. As of June 30, 1999, ONLINE had approximately 364 customer accounts, an increase of 160% over last year. Customer accounts are around 400, which will grow exponentially with further advertising.
CASTLE SECURITIES & CITADEL SECURITIES:
Castle Securities was incorporated in New York on December 7, 1984 and operates as a broker-dealer in securities. Its businesses include the underwriting and brokerage of fixed income and equity securities.
Citadel Securities was incorporated in New York on April 11, 1991. Citadel Securities makes markets in NASDAQ, OTC Bulletin Board and "Pink Sheet" securities, Citadel Securities is a registered Market Maker, and are approved to make markets in NASDAQ, and over 100 Over-The-Counter (OTC) securities. They are specialized in initiating quotations for public companies seeking to trade on the Over-The-Counter (OTC) Bulletin Board or NQB Pink sheets. They provide professional executions for institutional and discount brokers as well, have no retail customers, and conducts business exclusively with other broker-dealers.
FUTURE DEVELOPMENTS:
The year ending financials will be out during the second to last week of December. Castle Online needs about 500 tickets a day to break even. There previous average was 700-800 a day (December reporting). However, currently they are making new records constantly, 1800...1900...2000 of late (February 2000 reporting).
They are making a new issue, Exhaust Technologies, pushing January. Wasn't sure if they'll be able to make it. Citadel Securities has invested in T3 lines with enough bandwidth to be a telephone company. Looking to expand into E-Commerce. Possible acquisitions include CybervilleCity.com and LongIslandTV.com. Castle plans on presenting the Equities Conference in NYC this February. It is hosted by Equities Magazine. You can obtain a program listing at www.equitiesmagazine.com.
CHOD is currently seeking $2 million in financing, which would result in a dilution of about 14 %. They hired a marketing adviser about 4 months ago and he set up a Promotional Plan that would cost about $1 million. The other million would be used for setting up its own clearing house. This would make Castle much more cost effective (currently they clear through JB Oxford). In addition, they are investigating the possibility of making Castle an off-shore entity, which may be favorable to some investors for Tax reasons.
They have about 50 employees. Part of their holdings web site is under construction. They are upgrading all of them internally, and just hired new employee to work on the web sites.
CORPORATE INFORMATION:
Corporate Website:
castleholding.com
For More Information:
Mitchell G. Menik, Director of Investor Relations;
E-mail: mm@castleholding.com
Phone: (516) 868-2000
PUBLIC CORP: CASTLE HOLDING CORP.
ADDRESS: 45 CHURCH ST (SUITE 25), FREEPORT, NEW YORK, 11520 , USA
PHONE: 516-868-2000 *** FAX: 516-379-0400
Total Authorized Shares: 10,000,000
Total Issued and Outstanding Shares: 6,606,400
Estimated float: 2.5 million
Transfer Agent: Atlas Stock Transfer Corporation
5899 SOUTH STATE STREET
SALT LAKE CITY, UT 84107
David C. Sorensen, President
801/266-7151
OTC Bulletin Board symbol: "CHOD".
Fiscal year Ends: September 30
Shares Outstanding: 6,606,400
Recent Closing Price: $0.46
52-week Stock Price Range:
$0.18 - $2.06
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