Since its release in 1991, TradeStation® has been recognized as a unique and valuable "trading assistant." It has received numerous stellar reviews and awards, and has accounted for more than $100 million in software sales since its initial release. In 1996, through a licensing agreement with Telerate, Inc., TradeStation was offered as a premium service to Telerate institutional customers worldwide, and resided on thousands of institutional terminals in the United States, Europe and Asia.

Now, the company has launched what it believes to be an unparalleled trading platform for the institutional, professional and serious, active trader. In February 2000, the company launched Internet-based, real-time charts, quotes and news powered by award-winning analytics tools and a unique server farm technology. In July 2001, the company launched, through TradeStation Securities, the TradeStation direct-access online brokerage — a complete intelligent direct-access trading platform we believe will revolutionize online trading for institutional, professional and serious individual traders. While of course no assurances can be given, we believe it will be an easy decision to select our trading platform solution when compared to what others now offer.

Certain statements made above are forward-looking in nature. We urge anyone interested in TradeStation Group to review carefully our recent SEC filings and press releases, particularly the risk factors described in those documents.