NEW YORK--(BUSINESS WIRE)--April 24, 2000--Track Data Corporation (Nasdaq NMS: TRAC - news), a leading
provider of online trading and market data services, announced today that claims by four brokerage firms against Barry Hertz,
Chairman and CEO of Track Data, have been reduced to approximately $10 million. Certain of these firms sold approximately 17 million of approximately 25
million shares of Track Data common stock which Mr. Hertz pledged to the four firms. One of these firms will return to Mr. Hertz approximately 4 million of the
pledged shares.
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.
Contact:
Laurel Louison, Investor Relations
718/522-7373
laurel_louison@tdc.com |
