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Non-Tech : Web Street Securities (WEBS)

WEBS 17.37

-6.2%

Oct 31 4:00 PM EDT

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To: Tech Master who wrote (1314)	4/25/2000 9:12:00 AM
From: Doug Coughlan	Read Replies (1) of 1339

From the quarterly report released April 25. re. self clearing delayed till end of June 2000. "Commenting on the status of Web Street Securities conversion to self-clearing, Mr. Fox stated, ``We are pleased to say that we now have in place the required operations and personnel to effectively conduct our self-clearing operations. However, the April monthly meeting of the National Securities Clearing Corporation was delayed until May and we are still awaiting the necessary regulatory approvals for us to begin providing self-clearing services. We expect to receive these approvals during the coming weeks, which we believe will allow us to complete our conversion to self-clearing operations by the end of June, as opposed to our originally anticipated May 1 goal."

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