National Discount Brokers Enters Into Relationship With Yahoo!; Agreement Places NDB.com Button on Yahoo! Finance
NEW YORK, Feb 22, 2000 /PRNewswire via COMTEX/ -- National Discount Brokers
Corporation/ndb.com, a leading Internet brokerage and financial services company
and subsidiary of National Discount Brokers Group, Inc. (NYSE: NDB), today
announced the Company has entered into a relationship with Yahoo! Inc. (Nasdaq:
YHOO), a leading global Internet communications, commerce and media company. The
agreement provides for the placement of an NDB.com trading button on Yahoo!(R)
Finance (http://finance.yahoo.com), the Web's leading online finance site,
allowing users to have simplified access to NDB.com's online trading site.
NDB.com banner advertisements will also run on Yahoo!.
"The Yahoo! brand is synonymous with the Internet revolution, and Yahoo! Finance
is one of the premier destinations for online investors," said Chris McQuilkin,
president and CEO of National Discount Brokers Corporation/ndb.com. "NDB is a
pioneer in the online brokerage arena, and we are very happy to team with a
company that shares our commitment to innovation and strong customer service. We
look forward to providing the millions of Yahoo! users convenient access to the
vast array of investment products and services available at our award-winning
Web site, ndb.com."
"Convenient access to features such as third-party online trading sites is
value-added service our users want and need," said Tim Brady, senior vice
president of consumer products and services, Yahoo!. "By fulfilling our users'
needs, we are also providing a strong distribution medium for providers, such as
online trading companies, looking to reach a broad audience of self-qualified
individuals."
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 Sherwood
Securities. National Discount Brokers at November 30, 1999 had 178,400 customer
accounts, with assets of $8.9 billion. It recently announced that during the
first week of February 2000 NDB.com had reached 200,000 customer accounts.
Sherwood Securities' main operations are as a market maker in approximately
4,500 Nasdaq and other OTC securities as of November 30, 1999. 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 Corporation/ndb.com
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