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National Holdings Corporation (OTCBB: NHLD), a full service investment banking company reported earnings for its first fiscal quarter ended December 31, 2009. The Company will hold a conference call to talk about its first quarter results on February 18, 2010 at 4:15 pm EST. The conference call can be accessed live over the phone by dialing (866) 613 - 9208, or for international callers, (973) 935 - 2043; the conference ID is 57837973. A replay of the call will be available through February 26, 2010 by dialing (800) 642-1687 or (706) 645-9291, the conference ID is 57837973. The broadcast will be available at www.nationalsecurities.com and will remain online after the conference call until March 31, 2010.
“We are extremely pleased that we were able to generate positive adjusted EBITDA of $651,000 and increase our revenues over the same quarter last year despite this difficult market environment,” stated Mark Goldwasser, Chief Executive Officer. “We strive to be diligent in managing our cash flow and we believe we are positioned to achieve success as the markets continue to stabilize and improve.”
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This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act") including 2009 growth, revenue for the second quarter and year of 2009 and gross margin for the second quarter and year of 2009. Additionally, words such as "seek," "intend," "believe," "plan," "estimate," "expect," "anticipate" and other similar expressions are forward-looking statements within the meaning of the Act. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include the impact of intense competition, the continuation or worsening of current economic conditions and the condition of the domestic and global credit and capital markets.
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