To: Bill on the Hill who wrote (760 ) 2/4/1999 6:01:00 PM From: Jeff Jordan Respond to of 2231
DB 02/04 [JBOH] JB OXFORD HOLDINGS CONSOLIDATES STOCKS-4-LESS AND JB ONLINE. JB Oxford Holdings Consolidates Stocks-4-Less and JB Online BEVERLY HILLS, Calif., Feb. 4 /PRNewswire/ -- JB Oxford Holdings, Inc. (Nasdaq: JBOH), a provider of on-line brokerage, discount and correspondent clearing services to clients nationwide, has consolidated its Stocks-4-Less subsidiary into the JB Online division of its primary brokerage subsidiary, JB Oxford & Company, in order to focus on growth in its core business lines. The move marks yet another step in an ongoing initiative to contain costs and increase profitability that was launched by JB Oxford Holdings' new management, who has been at the company's helm since May 1998. "Given the strength of our discount and on-line brokerage businesses as well as the growth projected within these industry segments, we determined that devoting our efforts to expansion in these areas made the most sense," said C.L. Jarratt, chairman and chief executive officer of JB Oxford Holdings. "The Stocks-4-Less customers were transferred to the JB Online division with no significant loss of client accounts. We continue to be committed to providing superior service and competitive pricing to our customers while containing the company's costs." The consolidation will allow the company to focus its marketing, brokerage staff, and other resources to compete directly with the larger companies within the industry. All employees of Stocks-4-Less continue as employees of JB Oxford & Company. JB Oxford Holdings, Inc., through its wholly owned subsidiary JB Oxford & Company, provides discount and on-line brokerage services, as well as correspondent clearing services, to clients throughout the United States. The company has branches in New York Miami and California. More information can be obtained from the company's web site at www.jboxford.com ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ JB Oxford Selects PC Quote to Offer Clients Dynamic, Real-Time Trading Tools CHICAGO, Oct. 22 /PRNewswire/ -- PC Quote, Inc. (Amex: PQT), a leading provider of real-time and delayed stock and market quotes to financial professionals, consumers and redistributors, has entered into an agreement with JB Oxford & Co. to private label its PC Quote 6.0 for Windows and offer JB Oxford clients a comprehensive suite of dynamic real-time, on-line trading tools. "Offering PC Quote 6.0 for Windows is a natural product progression for us," said Al Laubenstein, president and chief executive officer of JB Oxford & Company. "PC Quote 6.0 for Windows will expand the analytical capabilities of our clients, truly giving them a professional edge." The JB Oxford agreement is the latest in PC Quote's recent string of successful strategic relationships which include Bear Stearns and Omega Research. The private-label product will be offered to JB Oxford's clients for an additional monthly fee and will generate revenue for PC Quote as sales occur. The product will be available within eight weeks to JB Oxford clients. Powered by PC Quote's HyperFeed(TM) market data since 1996