To: Pluvia who wrote (675 ) 2/4/1999 9:06:00 PM From: Patherzen Read Replies (2) | Respond to of 2220
Sorry you are so short-sighted to think on-line brokers have peaked here...or were you just joking??? Here some reading you can start with on JBOH.... JB Oxford Holdings Consolidates Stocks-4-Less and JB Online PR Newswire - February 04, 1999 16:15 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. This press release contains statements that are forward-looking and comments on market conditions, revenue growth, expense management, and outlook. Any number of conditions may occur which would affect important factors in this analysis and materially change expectations. These factors include, but are not limited to, known and unknown risks, customer trading activity, changes in technology, shifts in competitive patterns, decisions with regard to products and services, changes in revenues and profits, and significant changes in the market environment. SOURCE JB Oxford Holdings, Inc. /CONTACT: General Information, Virginia St. John-Needham, Analysts, Jill Fukuhara, or Media, Michaelle Burstin, all of The Financial Relations Board, 310-442-0599/ /Web site: jboxford.com (JBOH) Headlines Previous Story Next Story