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Tursday September 11 2:12 PM EDT
Company Press Release
Source: National Discount Brokers

National Discount Brokers Expands Online Role With CompuServe Pact

NEW YORK, Sept. 11 /PRNewswire/ -- National Discount Brokers (NDB) is making another major move to boost its presence in the online discount brokerage world by becoming directly available to the more than 1.5 million CompuServe (Nasdaq:CSRV) members in the United States. A member of The Sherwood Group (NYSE:SHD), NDB currently handles over 105,700 customers with assets valued in excess of $4.7 billion.

One of five brokerage firms featured in CompuServe's Investing community, the NDB Web site will also be directly accessible to CompuServe members using the GO:NDB command. Local access to CompuServe's network from more than 500 points-of-presence around the globe offers serious investors the ability to connect with NDB no matter where their travels take them.

National Discount Brokers Chairman William Karsh said: "NDB is committed to making its WebStation one of the most easily accessible and preferred means for investors to manage their investment portfolio on the Web. Our new pact with CompuServe is a major step forward in bringing the outstanding utility of the NDB WebStation to the widest possible audience."

"CompuServe's core membership of sophisticated consumers demands high- utility, sophisticated choices for all of their business and lifestyle needs," said Beth Sibbring, CompuServe's director, commerce and communication. "With its proven record in the online financial community, National Discount Brokers extends choice and flexibility for CompuServe's sophisticated membership when selecting online brokerage services."

In addition to offering NDB touch-tone and traditional phone discount brokerage services, National Discount Brokers provides online brokerage through its Internet-based service, NDB WebStation (SM). National Discount Brokers may be found at <> on the World Wide Web or by calling 800-4-1-PRICE (77423). The Sherwood Group, Inc. (NYSE:SHD) is a publicly traded holding company whose principal wholly owned subsidiaries are Sherwood Securities Corp., Triak Services Corp., whose primary operating division is NDB, and MXNet, Inc.

Founded in 1969, CompuServe Incorporated provides the world's most comprehensive online/Internet access through its two brands, CompuServe Interactive and SPRYNET. Through CompuServe, its Japanese licensee NIFTY- Serve and its affiliates around the world, more than 5 million home and business users in more than 185 countries are connected online and to the Internet. CompuServe Network Services, a leading network integrator, provides more than 1,200 companies around the world with complete, fully integrated, Internet, Intranet, and Extranet connectivity solutions. With world headquarters in Columbus, Ohio, the CompuServe organization includes offices in the United Kingdom, Germany, France, Switzerland and the Netherlands.

SOURCE: National Discount Brokers
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