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[Fwd: ]Statement from Datek



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Hello everyone,

I agree with Tom in that this not a bomb shell.  Below is a statement
from Datek.

Thanks for your time
Joe Frabosilio
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From: Darlene Domek <ddomek@xxxxxxxxx>
To: "'joe6964@xxxxxxxx'" <joe6964@xxxxxxxx>
Subject: 
Date: Mon, 11 May 1998 12:02:23 -0400
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Dear Mr. Frabosilio: 

In response to a May 10th article in The New York Times, Datek Online Holdings Corp. offered the following, which will serve as its sole comment.

Datek Online, a new venture established in 1996, was formed to empower individual investors through the use of innovative technology.  In February of 1998, Datek Online Holdings Corp. was established as a separate corporation, and Jeffery Citron was appointed CEO.

The New York Times noted that under Jeff Citron's leadership as CEO of Datek Online Holdings Corp., "Mr. Citron has tightened management controls, outlawed many trading practices, hired a major accounting firm and recently completed a spin off of the firm's trading unit (sold to Heartland Securities), the center of most of the questioned practices."  Early this year, Datek Online Holdings Corp. added several new members to its management team, including a new Chief Financial Officer, Chief Compliance Officer and Vice President of Customer Support.

Thank you,

Darlene
Datek Online