A holding company which facilitates E-Commerce and presently conducts substantially all of its business through three subsidiaries:
1: Castle Securities Corp.
Online Day Trading to be experienced.
Created to electronically offer eligible investors the opportunity to participate in initial public offerings ("IPO's") of securities and to offer issuers digital solutions for capital raising.
2: Citadel Securities Corp.
Makes markets in NASDAQ, OTC Bulletin Board, has no retail customers, and conducts business exclusively with other broker-dealers.
3: Cyber Holdings Corp.
Cyber Holding Corp.com, an Internet E-commerce facilitator utilizing various domain names to attract traffic.
One Year Chart:
WOW, CHOD just added .11 to their earnings, .15 for the 2000 year ending.
(PR NEWSWIRE) Castle Holding Corp. Announces Substantial Increase In Stockhol
Castle Holding Corp. Announces Substantial Increase In Stockholder's Equity
FREEPORT, N.Y., Jan. 19 /PRNewswire/ -- Castle Holding Corp.
(OTC Bulletin Board: CHOD) today announced that in connection with the
settlement of a class action claim against certain Nasdaq market makers in
December 2000, the Company's wholly owned subsidiary Castle Securities Corp.
received $ 581,674 on January 9, 2001 in settlement of certain of its past
principal transactions and $ 528,132 on January 16, 2001 in fees for assisting
in the processing of certain customer claims.
After deducting related expenses and income taxes, the Company estimates
net income from the settlement at approximately $750,000, or $.11 per share.
This income will be reflected in the Registrant's Form 10-QSB for the
quarterly period ended December 31, 2000.
After reflecting the estimated net income from the settlement and the
estimated loss from other operations in the three months ended December 31,
2000, the Registrant estimates stockholders' equity at December 31, 2000 at
approximately $ 1,050,000, or $ .15 per share.
George Hebert, President, commented, "I am pleased to say that the
additional capital will allow us to develop a more aggressive posture, while
avoiding shareholder dilution."
Castle Holding Corp. (OTC Bulleting Board: CHOD) presently conducts
substantially all of its business through two subsidiaries, Castle Securities
Corp. and Citadel Securities Corp. Castle Securities was incorporated in New
York on December 7, 1984 and operates as a broker-dealer in securities. Its
businesses include the underwriting and brokerage of fixed income and equity
securities. Citadel Securities was incorporated in New York on April 11, 1991
and also operates as a broker-dealer in securities. Citadel Securities makes
markets in NASDAQ, OTC Bulletin Board and "Pink Sheets" securities, has no
retail customers, and conducts business exclusively with other broker-dealers.
Newly formed Cyber Holdings Corp.com has two subsidiaries, Cyberville City,
Inc. and Long Island Web TV.com Corp, operating web sites and offering
advertising and production packages to business customers.
Private Securities Litigation Reform Act (Safe Harbor) -- Except for
historical information contained herein, the matters discussed in this press
release contain forward-looking statements that involve risks and
uncertainties which are described in the Company's SEC reports, including the
annual report on Form 10-KSB for the period ended September 30, 2000. Please
. For more information and to download a
demo of the JavaTrader 2000, log on to http://www.castleonline.com
offerings sold by prospectus only. Offerings are not available to residents
of all states.
A brief note on the Companies future prospects by a shareholder:
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