VERY bad NEWS for TRAC/CEO-------->Track Data Makes Announcement
Business Editors
NEW YORK--(BUSINESS WIRE)--April 17, 2000--Track Data Corporation
(Nasdaq NMS:TRAC), a leading provider of online trading and market
data services, announced that Barry Hertz, President and CEO, has
incurred substantial losses in trading securities of several large
companies other than Track Data.
Four brokerage firms claim an aggregate of $45 million from Mr.
Hertz in respect of these losses. These claims are secured by
approximately 25,000,000 shares out of approximately 45,000,000 shares
of Track Data beneficially owned by Mr. Hertz. Track Data is not
liable for these claims.
Track Data is a New York-based financial services company that
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.
Track's main consumer product is myTrack, a fully integrated
Internet-based online trading and market data system. myTrack delivers
a continuous dynamic stream of live market data and investors' online
trading activity. To open a trading account and get your first week of
trading commission-free, go to mytrack.com and click on the
"Open a Trading Account" button. Additional information about Track
Data may be obtained by contacting Laurel Louison, Investor Relations,
at 718-522-7373 or by e-mail: laurel_louison@tdc.com.
--30--jtp/ny*
CONTACT: Laurel Louison, Investor Relations
718/522-7373
laurel_louison@tdc.com
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