To: NoGuano who wrote (553 ) 2/4/1999 10:29:00 PM From: Sir Auric Goldfinger Respond to of 2220
Whocares.com?:"JB Oxford Holdings,Inc. (Nasdaq: JBOH) today announced that David G. Mahood, 36, has been appointed to the company's board of directors, effective Nov. 15, 1998. Mr. Mahood is chief executive officer and director of MGC, Inc., a Houston-based specialty contractor for laboratory and institutional equipment and furnishings. Prior to joining MGC as sales and operations manager in 1989, Mr. Mahood was a corporate trust officer for Texas Commerce Bank, N.A. Mr. Mahood holds a bachelor's degree in business administration from Southern Methodist University and a master's in business administration from Vanderbilt University. In addition, the board of JB Oxford has established a three-member audit committee that includes Jamie Lewis, the company's president and chief operating officer; Mark D. Grossi, executive vice president and director of Charter One Financial, Inc. as well as a director of Pacific Gateway Properties, Inc.; and Mr. Mahood. The responsibilities of the audit committee will include making recommendations to the board concerning the selection and retention of outside auditors, reviewing the company's financial statements, overseeing the establishment and implementation of systems for internal accounting and auditing control, and considering other matters relating to the company's external audit or financial affairs in order to facilitate timely and accurate financial reporting. JB Oxford Holdings, Inc., through its wholly owned subsidiary JB Oxford & Company, provides full-service discount and on-line brokerage services, as well as correspondent clearing services, to clients throughout the United States. In addition to its Beverly Hills headquarters, the Company has branches in New York; Boston; Miami; and San Gabriel, Calif. More information can be obtained from the company's web site at www.jboxford.com. SOURCE JB Oxford Holdings, Inc. -0- 11/18/98 /CONTACT: Virginia St. John-Needham, General Information, Jill Fukuhara, Analyst Contact, or Michaelle Burstin, Media Contact, all of The Financial Relations Board, 310-442-0599, for JB Oxford/ /Web site: jboxford.com (JBOH)"