Subject:
Stockwatch US: NATS
Date:
Mon, 13 Dec 1999 05:54:40 -0800
From:
newsout@stockwatch.com
To:
XXXXXXXXXXXXXXXX
(Applies to: NATS DIGX)
(DIGX) National Securities Corporation Selects Digex Managed Hosting to
Power Its NSCdirect.com Online Trading Site
CHICAGO, Dec 13, 1999 (BUSINESS WIRE) --
National Securities Chooses Digex for Reliability and Scalability
National Securities Corporation, a wholly owned subsidiary of Olympic
Cascade Financial Corporation (Nasdaq: NATS and CHX: OLY) today
announced that it has selected Digex, Incorporated (Nasdaq: DIGX), a
leading provider of managed Web and application hosting solutions, to
host its new online trading and investing Web site scheduled to launch
in the first quarter of 2000.
National Securities chose Digex's Managed Hosting solution to meet its
scalability and reliability needs in the mission-critical online
trading marketplace. The online site, named NSCdirect.com, will offer
online trading and investment services in addition to National
Securities' current suite of full service brokerage, cash and asset
management, research and investment banking services.
"Working with Digex allows us to easily scale our online services to
meet the increased demands of an online trading business without the
additional staffing effort and expense of doing it ourselves," said
Steven A. Rothstein, Chairman of the Board of Olympic Cascade. "By
partnering with Digex, we know we can deliver a secure and reliable
online experience for our customers."
Digex is focused on meeting the needs of the financial services
community with a targeted set of solutions that offer security and
performance for financial transactions over the Internet. Digex's
Managed Hosting solution provides the reliable, high-performance
infrastructure, 24x7 support and advanced management tools essential
for scalable solutions and optimal performance sites, such as online
trading. Outsourcing its online brokerage site management to Digex
enables National Securities to maintain its focus on the highly
competitive online securities business.
"By hiring Digex to host NSCdirect.com, National Securities gained
speed to market and increased efficiencies, both very important
business aspects of competing in the online trading market," said Nancy
Faigen, president of sales and service delivery at Digex.
About Olympic Cascade Financial Corporation
Olympic Cascade Financial Corporation is a diversified financial
services company based in Chicago, Illinois. Its wholly-owned
subsidiaries include National Securities Corporation, a self-clearing
full-service national brokerage and underwriting firm headquartered in
Seattle, Washington, and WestAmerica Investment Group, Scottsdale,
Arizona, a retail brokerage business. Additional information on
National Securities is available at national securities.com
and at nscdirect.com.
About Digex
Digex, Inc. (Nasdaq: DIGX) is a leading provider of Web and
application hosting services for some of the world's leading companies
that rely on the Internet as a critical business tool. Digex also
offers value-added enterprise and professional services, including
performance and security testing, monitoring, reporting and networking
services. Digex customers, from mainstream corporations to
Internet-based businesses, leverage Digex's services to deploy secure,
scalable, high performance business solutions, including electronic
retailing, online banking, online procurement and customer self-service
applications. Additional information on Digex is available at
digex.com.
The Private Securities Litigation Reform Act of 1995 provides a safe
harbor for forward-looking statements. This press release may contain
certain statements of a forward-looking nature relating to future
events or future business performance. Any such statements that refer
to the companies' estimated or anticipated future results or other
non-historical facts are forward-looking and reflect the companies'
current perspective of existing trends and information. These
statements involve risks and uncertainties that cannot be predicted or
quantified and, consequently, actual results may differ materially from
those expressed or implied by such forward-looking statements. Such
risks and uncertainties include, among others, risks and uncertainties
detailed in the companies' Registration Statements on Form S-3, filed
with the Securities and Exchange Commission and the companies' other
Securities and Exchange Commission filings, including the companies'
Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. The
forward-looking statements speak only as of the date of this release.
The companies' undertake no obligations to update publicly any
forward-looking statements, whether as a result of new information,
future events or otherwise.
Copyright (C) 1999 Business Wire. All rights reserved.
Distributed via COMTEX.
-0-
CONTACT: National Securities Corporation, Chicago
Robert H. Daskal
312/751-8833
or
Martin E. Janis & Co., Chicago
Hal Schweig
312/943-1100
WEB PAGE: businesswire.com
GEOGRAPHY: ILLINOIS
INDUSTRY CODE: BANKING
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