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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: HandsOn who wrote (21426)	10/31/1999 10:45:00 PM
From: vagabond	Read Replies (1) \| Respond to of 108040

TRAC news -- stock split (PR received via e-mail tonight, Oct. 31, although officially dated Nov. 1). Seems a little odd to me to do a split at this level, but that's what it says... ======================== TRACK DATA ANNOUNCES TWO-FOR-ONE STOCK SPLIT NEW YORK--November 1, 1999--Track Data Corporation (Nasdaq NMS: TRAC), a provider of online trading and market data services, announced today that its Board of Directors declared a two-for-one stock split in the form of a stock dividend of its common stock payable on November 17, 1999 to holders of record on November 10, 1999. Barry Hertz, Chairman and CEO, said, "With only 25% of our common stock owned by the public, we believe the stock split will provide greater liquidity for our stockholders, as well as attract institutional investors." Mr. Hertz further commented, "We are very pleased with the progress of our online brokerage service which reached a new milestone last Friday of 2,000 trades for the day. The average trades per day during the last week of October were approximately 1,800, a 47% increase over the average trades per day during the last week of September." Track Data 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. The Company also offers online trading through its myTrack Internet-based personal investment service. myTrack is an Internet-based software application that is not restricted by the limitations of an HTML website-based static system offered by virtually all of its well-known competitors. myTrack delivers a continuous dynamic stream of live market data and investors' online trading activity. The system is always connected and is an order of magnitude faster than competing website-based systems. Download myTrack software or open a trading account at mytrack.com or call 1-800-myTrack.