Ameritrade Closes on Mydiscountbroker.com Account Acquisition; Announced Less Than Two Months Ago -- Acquisition Immediately Accretive.Business Editors OMAHA Omaha, city, United States Omaha (ō`məhä, –hô), city (1990 pop. 335,795), seat of Douglas co., E Nebr., on the west bank of the Missouri River; inc. 1857. , Neb.--(BUSINESS WIRE)--June 16, 2003 Ameritrade Holding Corp. (Nasdaq:AMTD AMTD Arithmetic Mean Temperature Difference AMTD Automatic Magnetic Tape Distribution AMTD Affordability and Manufacturing Technology Demonstration ) has completed the purchase of approximately 16,500 Mydiscountbroker.com online retail accounts from SWS SWS Slow Wave Sleep SWS Short Wavelength Spectrometer SWS Sturge-Weber Syndrome (birthmark) SWS Stadtwerke Speyer GmbH (Germany) SWS Social Work Services (US Army) Group, Inc. (NYSE NYSE See: New York Stock Exchange :SWS) for approximately $4.2 million, subject to adjustment based on a post-closing review of accounts. The definitive agreement was announced April 22, 2003. The Company expects the acquisition to be immediately accretive. Today marks the first day these clients can utilize Ameritrade products and services. About Ameritrade Holding Corporation Ameritrade Holding Corporation has a 28-year history of servicing self-directed investors. Ameritrade develops and provides innovative brokerage products and services tailored to meet the varying investing and portfolio management needs of individual investors and institutional distribution partners. Currently serving almost 3 million clients, Ameritrade is a leader in the online brokerage business, recently receiving Forbes "Best of Web" honors as well as an overall four-star rating, and a top rating for "Ease of Use" and "Research Amenities" on the Barron's 2003 Online Broker Survey. For more information, please visit www.amtd.com. About SWS Group, Inc. SWS Group, Inc. is a Dallas-based holding company that offers a broad range of investment and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. through its subsidiaries. The Company's common stock is listed and traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol SWS. SWS Group, Inc. subsidiaries include Southwest Securities, Inc., SWS Financial Services, Inc., May Financial Corporation, SWS Capital Corporation, and First Savings Bank savings bank, financial institution that, until recently, performed only the following functions: receiving savings deposits of individuals, investing them, and providing a modest return to its depositors in the form of interest. . Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. This document contains forward-looking statements within the meaning of the federal securities laws. We intend these forward-looking statements to be covered by the safe harbor provisions of the federal securities laws. In particular, any projections regarding our future revenues, expenses, synergies, earnings, capital expenditures or activity rates or any estimate of the purchase price of the acquisition are forward-looking statements. These statements reflect only our current expectations and are not guarantees of future performance or results. These statements involve risks, uncertainties and assumptions that could cause actual results or performance to differ materially from those contained in the forward-looking statements. These risks, uncertainties and assumptions include the successful integration of the operations of Ameritrade and Datek, operational cost savings resulting from the merger of Ameritrade and Datek, integration of the Mydiscountbroker.com retail accounts, market fluctuations and changes in client trading activity, general economic conditions, increased competition, regulatory and legal matters and uncertainties and other risk factors described in our latest Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. . These forward-looking statements speak only as of the date on which the statements were made. Neither Ameritrade nor SWS Group undertake any obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise. |
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