Applies to -- NATS
Olympic Cascade Financial Corporation Subsidiary
Commences Internet Trading; NSCdirect To Commence
Online Trading Monday
Olympic Cascade Financial Corporation Subsidiary Commences Internet
Trading; NSCdirect To Commence Online Trading Monday
CHICAGO, Mar 31, 2000 (BUSINESS WIRE) -- Olympic Cascade Financial Corporation
(Nasdaq:NATS) (CHX:OLY) announced today that National Securities Corporation, a
wholly owned subsidiary, will begin operations of NSCdirect (www.nscdirect.com)
on Monday, April 3rd, providing on-line investing services for its customers on
the Internet.
Individuals and institutions will be able to open accounts on the Internet, and
commence trading activity as soon as all the necessary paperwork has been
completed.
Steven A. Rothstein, Chairman, President and Chief Executive Officer of the
company stated that "We are excited to have finally reached this important
milestone. This is attributable to the efforts and dedication of our people at
National Securities. This represents another significant event in a year where
the company expects to report record quarterly revenues for the quarter ended
March 31, 2000."
Olympic Cascade Financial Corporation is a diversified financial services
organization consisting of Olympic Cascade and its wholly owned subsidiaries.
These include National Securities Corporation of Seattle, a self-clearing
national brokerage and underwriting business, and WestAmerica Investment Group
of Scottsdale, Ariz., a retail brokerage business.
The Private Securities Litigation Reform Act of 1995 provides a safe harbor for
forward-looking statements. This press release may contain certain statements of
a forward-looking nature relating to future events or future business
performance. Any such statements that refer to the Company's estimated or
anticipated future results or other non-historical facts are forward-looking and
reflect the Company's current perspective of existing trends and information.
These statements involve risks and uncertainties that cannot be predicted or
quantified and, consequently, actual results may differ materially from those
expressed or implied by such forward-looking statements. Such risks and
uncertainties include, among others, risks and uncertainties detailed in the
Company's Registration Statement on Form S-3 (Registration No. 333-80247), filed
with the Securities and Exchange Commission on June 9, 1999, as amended, and the
Company's other Securities and Exchange Commission filings, including the
company's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. The
forward-looking statements speak only as of the date of this release. The
Company undertakes no obligation to update publicly any forward-looking
statement, whether as a result of new information, future events or otherwise.
Distributed via COMTEX.
Copyright (C) 2000 Business Wire. All rights reserved.
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CONTACT: Olympic Cascade Financial Corporation, Chicago
Robert H. Daskal, 312/751-8833
or
Martin E. Janis & Co., Chicago
Hal Schweig, 312/943-1100
KEYWORD: ILLINOIS WASHINGTON ARIZONA
INDUSTRY KEYWORD: BANKING
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