JERSEY CITY, N.J., Aug. 14 /PRNewswire-FirstCall/ -- Hudson Holding Corporation (OTC Bulletin Board: HDHL) announced that it filed its results for the fiscal quarter ended June 30, 2009 with the Securities and Exchange Commission today.

"We're pleased with the 45% increase in quarterly revenue growth that Hudson achieved," said Marty Cunningham, Hudson's Chairman and Chief Executive Officer. "We are completing the integration of our new businesses which has impacted our results, and continue to seek opportunities to add seasoned producers and/or complementary business lines. Our loss is largely attributable to costs driven by our expansion."

Total revenues increased 45% for the three months ended June 30, 2009, to approximately $11.7 million from $8.1 million during the same period in the prior fiscal year. Sales and trading increased 68% for the three months ended June 30, 2009, to approximately $5.9 million from $3.5 million during the same period in the prior fiscal year, due to improving market conditions and new business lines. Commissions and fees revenues increased 32% for the three months ended June 30, 2009, to approximately $5.6 million from $4.2 million during the same period in the prior fiscal year, primarily due to an expansion of our institutional sales effort.

The pre-tax loss was $1.0 million for the three months ended June 30, 2009, as compared to a $1.3 million pre-tax loss during the same period in the prior year, was a result of the $3.6 million increase in revenue offset by a $3.3 million increase in expenses, primarily as a result of a $2.8 million increase in variable costs (commissions, execution, and clearing costs) and a $.3 million increase in Communications, due to an increase in the number of institutional sales traders. Recruitment and retention costs (including stock-based compensation) was approximately $.7 million for the three months ended June 30, 2009, compared to $0.9 million for the same period in the prior fiscal year. Income taxes provision of $0.1 million for the three months ended June 30, 2009, as compared to a benefit of $0.5 million during the same period in the prior year, included a current period increase in the deferred tax valuation allowance. The net loss increased to approximately $1.1 million for the three months ended June 30, 2009, from a $0.8 million net loss during the same period in the prior fiscal year.

This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any securities, nor shall there be any sale of the securities in any jurisdiction in which such offering would be unlawful.

Certain statements contained herein constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations, estimates and projections about the Company's industry, management's beliefs and certain assumptions made by management. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Because such statements involve risks and uncertainties, the actual results and performance of the Company may differ materially from the results expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Unless otherwise required by law, the Company also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here; however, readers should review carefully reports or documents the Company files periodically with the Securities and Exchange Commission.

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JERSEY CITY, N.J., June 26 /PRNewswire-FirstCall/ -- Hudson Holding Corporation (OTC Bulletin Board: HDHL.OB) announced that it filed its results for the year ended March 31, 2009 with the Securities and Exchange Commission today.

"We're pleased with the steady annual revenue growth that Hudson achieved despite a disappointing fourth quarter, which saw a decline in revenues, due to overall market conditions," said Marty Cunningham, Hudson's Chairman and Chief Executive Officer. "While the market environment is difficult," Mr. Cunningham continued "we're fortunate to be seeing more opportunities to add seasoned producers and/or complementary business lines. Our loss is largely driven by recruitment and retention costs due to expansion."

Total revenues increased 42% for the year ended March 31, 2009, to approximately $38 million from $26.8 million during the same period in the prior fiscal year. Sales and trading revenues increased to approximately $23.3 million from approximately $15.5 million during the prior fiscal year, due to the addition of sales traders and a significant customer which comprised 18% of total revenues during fiscal 2009. Commissions and fee revenues increased to $13.7 million from $10.1 million during the prior fiscal year, due to an expansion of our institutional sales effort. Interest and other income decreased to $1.0 million from $1.2 million during fiscal 2009, primarily due to a decrease in introductory brokerage services revenues.

The pre-tax loss was $4.3 million as compared to a $2.6 million pre-tax loss during the prior year, as expenses increased by $12.9 million, primarily as a result of a $7.8 million increase in variable costs (commissions, execution, and clearing costs) and a $3.3 million increase in salaries and related costs, due to an increase in recruitment and retention costs. Recruitment and retention costs (stock-based compensation and other recruiting incentives) increased to approximately $3.7 million during fiscal 2009, from $1.0 million during the prior fiscal year, primarily due to costs associated with hiring additional sales traders. Income taxes were a benefit of $0.7 million as compared to a benefit of $1.0 million during the prior year, which included a current year increase in the deferred tax valuation allowance. The net loss increased to approximately $3.6 million during fiscal 2009, from net loss of $1.6 million during the prior fiscal year.

This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any securities, nor shall there be any sale of the securities in any jurisdiction in which such offering would be unlawful.

Certain statements contained herein constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations, estimates and projections about the Company's industry, management's beliefs and certain assumptions made by management. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Because such statements involve risks and uncertainties, the actual results and performance of the Company may differ materially from the results expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Unless otherwise required by law, the Company also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here; however, readers should review carefully reports or documents the Company files periodically with the Securities and Exchange Commission.

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JERSEY CITY, N.J., March 17 /PRNewswire-FirstCall/ -- Hudson Holding Corporation (OTC Bulletin Board: HDHL), the parent of Hudson Securities, Inc., a registered broker-dealer that meets the liquidity needs of broker dealers, institutions, hedge funds and asset managers, today announced that Andrew E. Lewin has joined the firm as General Counsel. Mr. Lewin will manage legal affairs and support Hudson's new business initiatives.

Mr. Lewin has been employed as a corporate and securities attorney and investment banker for over twenty years. Prior to joining Hudson, Mr. Lewin served as chief legal officer of Newtek Business Services, Inc. (Nasdaq: NEWT). Mr. Lewin also worked in venture capital and investment banking, and was a Senior Vice President of First Albany Corporation and a senior technology investment banker in the New York office. Early in his career, he practiced law at major Wall Street law firms specializing in representing broker dealers, emerging growth companies, funds, and financial institutions. Mr. Lewin is a member of the New York Bar and an alumnus of the Columbia University School of Law.

"I am excited to be joining a growing Company and look forward to helping Hudson in its core business and newer initiatives," said Mr. Lewin. "We look forward to drawing on Andy's deep level of legal and business expertise so that we can best meet our clients growing needs and the demands of our business," stated Hudson Holding Corp. CEO, Marty Cunningham. "We are delighted to have an individual of such caliber join our firm."

Hudson Holding Corporation is a publicly traded company on the OTC Bulletin Board under the symbol "HDHL" and the parent of Hudson Securities, Inc. and Hudson Technologies, Inc. Hudson Securities Inc. is dedicated to meeting the liquidity needs of its clients; institutions, hedge funds, asset managers, and broker dealers, by providing execution solutions and making markets in over 14,000 US and foreign securities and ADRs. As a registered broker-dealer under the Securities Exchange Act of 1934, Hudson Securities, Inc. is a member of the Financial Industry Regulatory Authority ("FINRA") and has been in business since 1984. Hudson Technologies, Inc. provides technology services to Hudson Securities, Inc. and client companies.

If you would like more information about this topic, or to schedule an interview with Marty Cunningham, CEO, Hudson Holding Corporation, please contact Farisha Mohammed at 201-680-7389 or email fmohammed@hudsonsecurities.com.

This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any securities, nor shall there be any sale of the securities in any jurisdiction in which such offering would be unlawful.

Certain statements contained herein constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations, estimates and projections about the Company's industry, management's beliefs and certain assumptions made by management. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Because such statements involve risks and uncertainties, the actual results and performance of the Company may differ materially from the results expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Unless otherwise required by law, the Company also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here; however, readers should review carefully reports or documents the Company files periodically with the Securities and Exchange Commission.

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JERSEY CITY, N.J., March 16 /PRNewswire-FirstCall/ -- Hudson Holding Corporation (OTC Bulletin Board: HDHL), parent of Hudson Securities, Inc., a registered broker-dealer that meets the execution and liquidity needs of broker dealers, institutions, hedge funds and asset managers, today announced that it has hired a group of Institutional Sales Traders from Schonfeld IBS.

The team joining Hudson represents the major share of individuals who comprised the institutional brokerage services unit at Schonfeld. The group services over 150 active accounts.

"Adding meaningful value to our clients' agency execution experience is the message that drives our Institutional business today," said Marty Cunningham CEO of Hudson Securities. "This talented group of service-driven professionals adds relevant strength to our current platform, and underscores our intent to be the 'destination of choice' for clients who demand a standard of excellence."

Hudson Holding Corporation is a publicly traded company on the OTC Bulletin Board under the symbol "HDHL" and the parent of Hudson Securities, Inc. and Hudson Technologies, Inc. Hudson Securities Inc. is dedicated to meeting the liquidity needs of its clients; institutions, hedge funds, asset managers, and broker dealers, by providing execution solutions and making markets in over 14,000 US and foreign securities and ADRs. As a registered broker-dealer under the Securities Exchange Act of 1934, Hudson Securities, Inc. is a member of the Financial Industry Regulatory Authority ("FINRA") and has been in business since 1984. Hudson Technologies, Inc. provides technology services to Hudson Securities, Inc. and client companies.

This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any securities, nor shall there be any sale of the securities in any jurisdiction in which such offering would be unlawful.

Certain statements contained herein constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations, estimates and projections about the Company's industry, management's beliefs and certain assumptions made by management. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Because such statements involve risks and uncertainties, the actual results and performance of the Company may differ materially from the results expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Unless otherwise required by law, the Company also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here; however, readers should review carefully reports or documents the Company files periodically with the Securities and Exchange Commission.

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JERSEY CITY, N.J., Feb. 25 /PRNewswire-FirstCall/ -- Hudson Holding Corporation (OTC Bulletin Board: HDHL - News), parent of Hudson Securities Inc., a registered broker-dealer that meets the liquidity needs of brokers, dealers, institutions, and asset managers, today announced the formation of a new investment banking and research unit that will offer a full range of corporate finance and capital market services as the Westminster Securities division of Hudson Securities Inc.

The 22 member team will be headed by NYSE member John P. O'Shea, and joins
Hudson from Westminster Securities Corporation, a 35 year-old firm. The Westminster Securities division will provide a wide range of corporate finance services domestically and internationally such as investment banking, private placements of debt & equity, private placements in public equity (PIPEs), initial public offerings (IPOs), reverse mergers, special purpose acquisition companies (SPACs), underwriting & syndication, merger & acquisition, financial restructuring, advisory services and chaperoning for non U.S. Broker Dealers. The team specializes in pharmaceuticals, energy, alternative energy and natural resources.

The Westminster team has developed significant expertise in assisting Chinese companies tapping into the US capital markets. Over the last four years, the group has acted as placement agent and/or underwriter in 15 Chinese transactions raising over USD$190 million for companies operating in China.

"We are extremely excited to be joining Hudson Securities, Inc. as the Investment Banking and Research Division," stated John P. O'Shea, head of the new unit. "By joining with Hudson, our clients will benefit from both the liquidity and broader service offering that a larger, state of the art organization can provide."

"Building a more diverse, broad based organization positions us to better serve the growing needs and demands of our clients," stated Hudson Holding Corporation, CEO Marty Cunningham. "We are thrilled to have John and his seasoned team leading this initiative at Hudson."

Hudson Holding Corporation is a publicly traded company on the OTC Bulletin Board under the symbol "HDHL" and the parent of Hudson Securities, Inc. and Hudson Technologies, Inc. Hudson Securities Inc. is dedicated to meeting the liquidity needs of its clients; institutions, hedge funds, asset managers, and broker dealers, by providing execution solutions and making markets in over 14,000 US and foreign securities and ADRs. As a registered broker-dealer under the Securities Exchange Act of 1934, Hudson Securities, Inc. is a member of the Financial Industry Regulatory Authority ("FINRA") and has been in business since 1984. Hudson Technologies, Inc. provides technology services to Hudson Securities, Inc. and client companies.

This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any securities, nor shall there be any sale of the securities in any jurisdiction in which such offering would be unlawful.

Certain statements contained herein constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations, estimates and projections about the Company's industry, management's beliefs and certain assumptions made by management. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Because such statements involve risks and uncertainties, the actual results and performance of the Company may differ materially from the results expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Unless otherwise required by law, the Company also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here; however, readers should review carefully reports or documents the Company files periodically with the Securities and Exchange Commission.

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JERSEY CITY, N.J., Feb. 12 /PRNewswire-FirstCall/ -- Hudson Holding Corporation (OTC Bulletin Board: HDHL - News) announced that it filed its results for the fiscal quarter ended December 31, 2008 with the Securities and Exchange Commission today.

"We're pleased with the record quarterly revenues and steady revenue growth that Hudson achieved," said Marty Cunningham, Hudson's Chairman and Chief Executive Officer. "Improvement in the bottom line results is also gratifying," Mr. Cunningham continued, "While the market environment is increasingly difficult, we're fortunate to be seeing more opportunities to add seasoned producers and/or complementary business lines."

	Three Months Ended December 31,		Nine Months Ended December 31,
(unaudited)	2008	2007	2008	2007
Trading gains, net	$8,755,272	$2,081,690	$18,389,992	$10,999,896
Commissions and fees	3,332,552	3,245,707	10,820,772	5,139,762
Interest and other income	135,390	283,238	788,013	760,050
Total revenues	$12,223,214	$5,610,635	$29,998,777	$16,899,708
Net loss	$(174,385)	$(895,094)	$(1,140,866)	$(1,983,806)
Basic and diluted EPS	$(0.00)	$(0.02)	$(0.03)	$(0.05)
Recruitment and retention costs	$807,235	$292,224	$2,651,670	$416,356

 

Total revenues increased 118% for the three months ended December 31, 2008, to approximately $12.2 million from $5.6 million during the same period in the prior fiscal year. Net trading gains increased 321% for the three months ended December 31, 2008, to approximately $8.8 million from $2.1 million during the same period in the prior fiscal year, due to the addition of trading-focused sales traders and a significant customer. Commission revenues increased 3% for the three months ended December 31, 2008, to approximately $3.3 million from $3.2 million during the same period in the prior fiscal year. The net loss decreased to approximately $0.2 million for the three months ended December 31, 2008, from a $0.9 million loss during the same period in the prior fiscal year. Recruitment and retention costs (including stock-based compensation) increased to approximately $0.8 million for the three months ended December 31, 2008, from $0.3 million during the same period in the prior fiscal year, primarily due to costs associated with hiring additional sales traders.

Total revenues increased 78% for the nine months ended December 31, 2008, to approximately $30.0 million from $16.9 million during the same period in the prior fiscal year. Net trading gains increased 67% for the nine months ended December 31, 2008, to approximately $18.4 million from $11.0 million during the same period in the prior fiscal year, due to the addition of trading-focused sales traders and a significant customer. Commission revenues increased 111% for the nine months ended December 31, 2008, to approximately $10.8 million from $5.1 million during the same period in the prior fiscal year, primarily due to a significant expansion of our institutional sales effort. The net loss decreased to approximately $1.1 million for the nine months ended December 31, 2008, from a $2.0 million loss during the same period in the prior fiscal year. Recruitment and retention costs (including stock-based compensation) increased to approximately $2.7 million for the nine months ended December 31, 2008, from $0.4 million during the same period in the prior fiscal year, primarily due to costs associated with hiring additional sales traders.

	December 31, 2008 (unaudited)	March 31, 2008
Hudson Holding Corporation
Stockholders' equity	$15,703,730	$12,075,398
Total assets	$19,477,965	$17,323,538
Hudson Securities, Inc.
Net capital	$7,838,897	$4,870,737
Excess net capital	$6,838,897	$3,870,737

On June 20, 2008, Hudson Holding Corporation closed on a private placement of $4 million of securities, with net proceeds of approximately $3.9 million after deducting offering costs.

Hudson Holding Corporation is a holding company and is the parent of Hudson Securities, Inc. and Hudson Technologies Inc.. Hudson Securities is a registered broker-dealer under the Securities Exchange Act of 1934, a member of the National Association of Securities Dealers, Inc. and meets the liquidity needs of brokers, dealers, institutions, and asset managers, including by making markets in over 9,000 Nasdaq, non-Nasdaq OTC, listed and foreign securities, with particular expertise in trading mid cap, small cap, and micro cap stocks. Hudson Technologies provides technology services to Hudson Securities and client companies.

This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any securities, nor shall there be any sale of the securities in any jurisdiction in which such offering would be unlawful.

Certain statements contained herein constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations, estimates and projections about the Company's industry, management's beliefs and certain assumptions made by management. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Because such statements involve risks and uncertainties, the actual results and performance of the Company may differ materially from the results expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Unless otherwise required by law, the Company also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here; however, readers should review carefully reports or documents the Company files periodically with the Securities and Exchange Commission.

Close Story

JERSEY CITY, N.J., Dec. 1 /PRNewswire-FirstCall/ -- Hudson Holding Corporation (OTC Bulletin Board: HDHL) today announced that its Board of Directors authorized the repurchase of up to $1 million of the company's outstanding common shares. The repurchase plan is designed to increase shareholder value and reduce the dilutive effect of Hudson's equity compensation programs.

"Based on current market prices, we believe that our stock is undervalued and that the repurchase program is a good investment of available funds," said Keith Knox, the company's president.

The stock repurchase authorization does not have an expiration date and the pace of repurchase activity will depend on factors such as levels of cash generation from operations, cash requirements for acquisitions, current stock price, and other factors. The funding for the repurchase will come from operations or existing working capital. Hudson may repurchase shares from time to time on the open market or in private transactions, including structured transactions. The stock repurchase program will be subject to certain volume, price and time restrictions in an effort to minimize the impact of the purchases upon the market for the common stock and may be modified or discontinued at any time.

Hudson Holding Corporation is a holding company and is the parent of Hudson Securities, Inc. and Hudson Technologies Inc. Hudson Securities is a registered broker-dealer under the Securities Exchange Act of 1934, a member of the Financial Industry Regulatory Authority ("FINRA") and meets the liquidity needs of brokers, dealers, institutions, and asset managers, including by making markets in over 9,000 Nasdaq, non-Nasdaq OTC, listed and foreign securities, with particular expertise in trading mid cap, small cap, and micro cap stocks. Hudson Technologies provides technology services to Hudson Securities and client companies.

This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any securities, nor shall there be any sale of the securities in any jurisdiction in which such offering would be unlawful.

Certain statements contained herein constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations, estimates and projections about the Company's industry, management's beliefs and certain assumptions made by management. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Because such statements involve risks and uncertainties, the actual results and performance of the Company may differ materially from the results expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Unless otherwise required by law, the Company also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here; however, readers should review carefully reports or documents the Company files periodically with the Securities and Exchange Commission.

Close Story

JERSEY CITY, N.J., Nov. 14 /PRNewswire-FirstCall/ -- Hudson Holding Corporation (OTC Bulletin Board: HDHL) announced that it filed its results for the fiscal quarter ended September 30, 2008 with the Securities and Exchange Commission today.

	Three Months Ended September 30,		Six Months Ended September 30,
(unaudited)	2008	2007	2008	2007
Trading gains, net	$6,116,833	$3,520,244	$9,634,720	$8,918,206
Commissions and fees	3,242,767	988,529	7,488,220	1,894,055
Interest and other	352,270	354,900	652,623	476,813
Total revenues	$9,711,870	$4,863,673	$17,775,563	11,289,074
Net loss	($123,826)	($933,294)	($966,481)	($1,088,712)
Basic and diluted EPS	$0.00	($0.03)	($0.02)	($0.03)
Recruitment and retention costs	$833,734	$78,791	$1,844,436	$124,133

 

Total revenues increased 100% for the three months ended September 30, 2008, to approximately $9.7 million from $4.9 million during the same period in the prior fiscal year. Net trading gains increased 74% for the three months ended September 30, 2008, to approximately $6.1 million from $3.5 million during the same period in the prior fiscal year, due to the addition of trading-focused sales traders. Commission revenues increased 228% for the three months ended September 30, 2008, to approximately $3.2 million from $1.0 million during the same period in the prior fiscal year, primarily due to a significant expansion of our institutional sales effort. The net loss decreased to approximately $0.1 million for the three months ended September 30, 2008, from a $0.9 million loss during the same period in the prior fiscal year. Recruitment and retention costs (including stock-based compensation) increased to approximately $0.8 million for the three months ended September 30, 2008, from $0.1 million during the same period in the prior fiscal year. Total revenues increased 57% for the six months ended September 30, 2008, to approximately $17.8 million from $11.3 million during the same period in the prior fiscal year. Net trading gains increased 8% for the six months ended September 30, 2008, to approximately $9.6 million from $8.9 million during the same period in the prior fiscal year, due to the addition of trading-focused sales traders. Commission revenues increased 295% for the six months ended September 30, 2008, to approximately $7.5 million from $1.9 million during the same period in the prior fiscal year, primarily due to a significant expansion of our institutional sales effort. The net loss decreased to approximately $1.0 million for the six months ended September 30, 2008, from a $1.1 million loss during the same period in the prior fiscal year. Recruitment and retention costs (including stock-based compensation) increased to approximately $1.8 million for the six months ended September 30, 2008, from $0.1 million during the same period in the prior fiscal year.

	September 30, 2008 (unaudited)	March 31, 2008
Hudson Holding Corporation
Stockholder's equity	$15,629,881	$12,075,398
Total assets	$20,779,527	$17,323,538
Hudson Securities, Inc.
Net capital	$7,088,324	$4,870,737
Excess net capital	$6,088,324	$3,870,737

On June 20, 2008, Hudson Holding Corporation closed on a private placement of $4 million of securities, with net proceeds of approximately $3.9 million after deducting offering costs.

"We're pleased with the results during the typically slow summer quarter," said Marty Cunningham, Hudson's Chairman and Chief Executive Officer. "While the ongoing global financial crisis has made for a difficult market environment," Mr. Cunningham continued, "We're also seeing more opportunities to add seasoned producers and/or complementary business lines."

Hudson Holding Corporation is a holding company and is the parent of Hudson Securities, Inc. and Hudson Technologies Inc. Hudson Securities is a registered broker-dealer under the Securities Exchange Act of 1934, a member of the Financial Industry Regulatory Authority ("FINRA") and meets the liquidity needs of brokers, dealers, institutions, and asset managers, including by making markets in over 9,000 Nasdaq, non-Nasdaq OTC, listed and foreign securities, with particular expertise in trading mid cap, small cap, and micro cap stocks. Hudson Technologies provides technology services to Hudson Securities and client companies.

This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any securities, nor shall there be any sale of the securities in any jurisdiction in which such offering would be unlawful.

Certain statements contained herein constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations, estimates and projections about the Company's industry, management's beliefs and certain assumptions made by management. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Because such statements involve risks and uncertainties, the actual results and performance of the Company may differ materially from the results expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Unless otherwise required by law, the Company also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here; however, readers should review carefully reports or documents the Company files periodically with the Securities and Exchange Commission.

Hudson Holding Corporation's Revenues Increase 100% Close Story