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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,
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To: Dr. Seuss who wrote (27894)4/8/1999 9:56:00 AM
From: Doorman  Read Replies (1) of 122088
 
Had "news" late yesterday:

JB Oxford <JBOH.O> bullish on outlook

LOS ANGELES, April 7 (Reuters) - Online brokerage JB Oxford Holdings Inc.
said Wednesday it was upbeat on the outlook for the discount brokerage industry
as well as the company's growth prospects for 1999.

"We have taken the company to the point that (in the fourth quarter we generated a
pre-tax profit of) approximately $1 million a month," Chief Executive C.L. Jarratt
said in a statement. "We expect to meet or exceed that in the first quarter."

Jarratt said he is very bullish about the booming on-line trading market adding
that, "It's not a question of 'if,' it's 'when' the electronic delivery of information
and trades will be the dominant player in the future."

JB Oxford said it has made strides in improving its profit margins and hopes to
continue that process during 1999.

"The industry is looking for around 20 percent plus (growth), 25 percent just
organically -- we hope to get at least that," Jarratt said adding that the focus for
1999 would be on growing revenues.

"We're planning to do that through an increased advertising budget and a
refocused marketing plan, also through using strategic partnerships with other
on-line providers and some strategic acquisitions," he said.

((Los Angeles Newsroom 213-380-2014))

REUTERS

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