Kevin
Monday December 13, 8:32 am Eastern Time
Company Press Release
Track Data Announces Two-for-One Stock Split
NEW YORK--(BUSINESS WIRE)--Dec. 13, 1999--Track Data Corporation (Nasdaq
NMS: TRAC - news), 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. Additional information may be obtained by contacting
Laurel Louison, Investor Relations, at 718-522-7373 or by e-mail: laurel_louison@tdc.com.
Contact:
Track Data Corporation, New York
Laurel Louison, (718) 522-7373; laurel_louison@tdc.com |
