| Thomas O'Donnell Joins National Discount Brokers/ndb.com as Managing Director, Customer Service ============================================================
 Tiffany O'Toole Flaherty and Thomas Pizza Promoted to Managing Directors
 
 NEW YORK, May 1 /PRNewswire/ -- National Discount Brokers
 Corporation/ndb.com, a leading Internet brokerage and financial services
 company and subsidiary of National Discount Brokers Group, Inc. (NYSE:NDB),
 announced today the hiring of Thomas O'Donnell as managing director, customer
 service, along with the promotion of Tiffany O'Toole Flaherty to managing
 director, sales and the promotion of Thomas Pizza to the position of managing
 director/chief information officer.
 "Tom O'Donnell brings an extensive background in customer service to NDB
 and will provide important leadership to our staff," said Chris McQuilkin,
 president and CEO of National Discount Brokers.  "As we move into our new
 expanded facilities and increase the size of our customer service team, his
 experience will be a critical component in building and enhancing our
 customer-centric strategy."
 O'Donnell joins National Discount Brokers from Prudential Mutual Fund and
 Annuity Services, where he served as vice-president, customer service.
 Previously, he worked at Merrill Lynch managing a corporate plans processing
 unit.  He received his BS Degree in Marketing and Industrial Psychology from
 the State University of New York at Plattsburgh.
 O'Toole Flaherty had been vice president of sales since joining NDB in
 September of 1998.  Previously, she was the Midwest Director of Sales for
 Bloomberg TradeBook.  Tiffany has been instrumental in the growth of NDB's
 Netlink product, expanding the customer base to over 100 participating
 companies representing over 50,000 employee accounts.
 Pizza joined NDB in July 1995 as Senior Manager of Technology
 Infrastructure.  Tom currently has responsibility for designing and
 implementing the data center and technology infrastructure at the Company's
 new offices in Jersey City, NJ, as well as focusing on the security,
 scalability and speed of the new systems.  Prior to joining NDB, he worked for
 Morgan Stanley as Trading Floor Operations Manager and Voice Operations
 Manager.
 "Tiffany and Tom are key members of the NDB team.  Both have shown
 initiative in their respective areas and continue to create and manage
 projects that continue to improve the company," said Chris McQuilkin.
 "Tiffany has established our Netlink service as one of the top affinity
 programs in the industry, while Tom continues to maintain and improve what we
 believe is the leading state-of-the-art data center and technology
 infrastructure in the online trading marketplace."
 
 About National Discount Brokers Group, Inc.
 Headquartered in Jersey City, New Jersey, National Discount Brokers Group,
 Inc., an S&P Small Cap 600 Index company, is the parent company of two
 financial services entities: National Discount Brokers Corporation/ndb.com and
 NDB Capital Markets Corporation, formerly Sherwood Securities Corp. National
 Discount Brokers, which was recently ranked #1 in the Barron's Best of Online
 Brokers survey, at February 29, 2000 had 207,900 customer accounts, with
 assets of $12.2 billion.  NDB Capital Markets main operations are as a market
 maker in approximately 4,300 Nasdaq and other OTC securities as of
 February 29, 2000.  The Company has offices in Jersey City, New York, Los
 Angeles, Chicago, San Francisco, Denver and Boston. Customers can access
 National Discount Brokers Corporation/ndb.com at ndb.com, via the
 PowerBroker automated touch-tone telephone system 800-631-8884 or by calling
 800-4-1-PRICE.
 
 SOURCE  National Discount Brokers
 -0-                             05/01/2000
 /CONTACT:  Rich Tauberman, rtauberm@mww.com, or Matt Messinger,
 mmessing@mww.com, both of The MWW Group, Public Relations, 201-507-9500, for
 National Discount Brokers Corporation/
 /Web site:  ndb.com
 
 ================================================================
 |