National Discount Brokers Group , Inc.

National Discount Brokers Group, Inc. ("NDB Group"; NYSE: NDB) is the holding company for three wholly owned subsidiaries, National Discount Brokers Corporation/ndb.com, NDB Capital Markets (formerly Sherwood Securities Corp.) and Millennium Clearing Company, LLC. By combining the resources of these three businesses, NDB Group has created a range of powerful synergies that enable us to give our customers a broad selection of progressive financial services. NDB Group and its subsidiaries currently have offices in Jersey City, Los Angeles, Chicago, Denver and Boston. An S&P Small Cap 600 Index company, NDB Group is sharply focused on positioning its businesses for a future of continued growth and extended global reach. ndb.com has been one of the leaders of the Wall Street revolution, pioneering such innovations as online brokerage and Flat-Fee Trading®. With approximately $11 billion in customer assets and 268,900 accounts as of August 31, 2000, ndb.com is acknowledged throughout the industry as a premier provider of cutting-edge brokerage services. Customers can access ndb.com's securities order placement and information services through the award-winning ndb.com web site, via touch-tone telephone, or through a team of trained representatives. In March 2000, Barron's ranked ndb.com as the number one online brokerage in its annual national survey, outpacing 26 other leading online brokerage brands throughout the country. NDB Capital Markets is a prominent market-maker in over 4,000 NASDAQ listed stocks and other over-the-counter (OTC) securities. For the fiscal year ended May 31, 2000, NDB Capital Markets was ranked by AutEx as the seventh largest market-marker in the United States in terms of share volume traded. Millennium Clearing Company, LLC, NDB Group's startup clearing business, is expected to commence clearing for NDB Capital Markets and ndb.com in calendar year 2001. NDB Group also expects to make Millenniums' clearing services available to third parties in the future. We invite you to explore the wealth of products and services that the NDB Group subsidiaries have to offer, and to allow our dedication to excellence help your investment plans take flight.