FDIR
Fronteer Financial Holdings, Ltd. Announces Plans for On-Line
Trading Services and New Executive Vice President
Business Wire - March 04, 1999 15:47
DENVER--(BUSINESS WIRE)--March 4, 1999--Fronteer Financial Holdings, Ltd. (Fronteer) (OTC BB:
FDIR) announces the enhancement of several of its subsidiary companies into Internet-based operations.
They include eBanker USA.com, Inc., an Internet-based high-yield lending operation, and eBroker USA.Com,
Inc., an on-line securities brokerage business.
Also, Fronteer is pleased to announce that J. Daniel Holden will join as an Executive Vice President and
member of the Board of Directors of American Fronteer Financial Corporation (AFFC), a broker/dealer
subsidiary of Fronteer. Mr. Holden will be responsible for developing the new international on-line brokerage
division, eBroker USA.Com, Inc. The division plans to provide Internet brokerage services, research, and
market data, to its domestic and international clients. Mr. Holden will soon be announcing an international
trading alliance with a major U.S. brokerage firm.
According to Mr. Holden, eBroker USA.Com, Inc. is expected to be operational in the on-line brokerage
business in 1999, subject to regulatory approval.
Apart from developing the on-line brokerage business for eBroker USA.Com, Inc., Mr. Holden will assist in
the development of AFFC's overall strategic plans, and enhancing AFFC's investment banking business.
Mr. Holden, an investment banker, has twenty-seven years of experience in taxable fixed income and equity
securities origination, research, sales, and trading management. Previously he served as Managing Director and
CEO of Core Pacific Securities USA, LLC., and was Director of Corporate Finance for Tradition North
America.
As former Vice President and Director of Private Placements for Kidder Peabody, Morgan Stanley Dean
Witter, Prudential Securities, and ABN AMRO, he built their sales and trading departments into multi-million
dollar profit centers. Mr. Holden has arranged significant financing for companies seeking investors in numerous
new issues and secondary private placements.
AFFC is a regional securities broker/dealer headquartered in Denver with branches in New York, Chicago,
San Francisco, Atlanta, Dallas, New Orleans, Reston, Virginia, Las Vegas, West Palm Beach, Colorado
Springs, and Albany.
Fronteer is a Denver-based holding company with consolidated entities that include AFFC, Secutron Corp., a
computer hardware seller and software developer, and eBanker USA.com, Inc., formerly known as Fronteer
Development Finance Inc., offering among other things, Internet-based high-yield lending opportunities.
The statements included in this press release concerning predictions of economic performance and
management's plans and objectives constitute forward-looking statements made pursuant to the safe harbor
provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the
Securities Act of 1933, as amended. These statements involve risks and uncertainties that could cause actual
results to differ materially from the forward-looking statements.
CONTACT: Fronteer Financial Holdings, Ltd., Denver
Gary L. Cook, Secretary/Treasurer
303-860-1700 |
