TRAC, declared a two-for-one stock split of its common stock...
NEW YORK--December 13, 1999--Track Data Corporation
(Nasdaq NMS: TRAC), a provider of online trading and market
data services, announced today that its Board of Directors
declared a two-for-one stock split of its common stock
payable on December 29, 1999 to holders of record on December
22, 1999.
Barry Hertz, Chairman and CEO, said, "With only 25% of our
common stock owned by the public, we believe the stock split
will provide greater liquidity for our stockholders, as well
as attract institutional investors."
Mr. Hertz further commented, "We are very pleased with the
progress of our online brokerage service which reached a new
milestone on December 7 of 4,000 trades for the day."
Track Data provides real-time financial market data, news,
fundamental research, charting and analytical services to
institutional and individual investors through dedicated
telecommunication lines and the Internet. The Company also
offers online trading through its myTrack Internet-based
personal investment service. myTrack is an Internet-based
software application that is not restricted by the limitations
of an HTML website-based static system offered by virtually
all of its well-known competitors. myTrack delivers a
continuous dynamic stream of live market data and investors'
online trading activity. The system is always connected and
is an order of magnitude faster than competing website-based
systems. Download myTrack software or open a trading account
at mytrack.com or call 1-800-myTrack. |
