NATS News...
Monday December 13, 8:21 am Eastern Time
Company Press Release
National Securities Corporation Selects
Digex Managed Hosting to Power Its
NSCdirect.com Online Trading Site
National Securities Chooses Digex for Reliability and Scalability
CHICAGO--(BUSINESS WIRE)--Dec. 13, 1999-- 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 - news), 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 - news) 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.
Contact:
National Securities Corporation, Chicago
Robert H. Daskal
312/751-8833
or
Martin E. Janis & Co., Chicago
Hal Schweig
312/943-1100 |
