Salvatore Giardina and Peter Zurkow Join National Holdings Corporation's Board

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Salvatore Giardina and Peter Zurkow Join National Holdings Corporation's Board

NEW YORK--(BUSINESS WIRE)-- National Holdings Corporation (the "Company") (OTCBB: NHLD), a full service investment banking company operating through its wholly-owned subsidiaries, today announced the appointment of Salvatore Giardina and Peter Zurkow to its Board of Directors (the "Board"). The Company has not yet appointed Mr. Zurkow or Mr. Giardina to any Board committees.

Mr. Giardina, has served as Chief Financial Officer of Pragma Securities LLC and its holding company, Pragma Weeden Holdings LLC, since 2009. From 2006 through 2008, Mr. Giardina served as S.V.P. and Chief Financial Officer of G-Trade Services LLC and ConvergEx Global Markets LLC. From 2002 through 2006, Mr. Giardina served as V.P. and Chief Financial Officer of Ladenburg Thalmann Financial Services Inc., the publicly-traded holding company of Ladenburg Thalmann & Co, Inc., where Mr. Giardina served as its E.V.P. and Chief Financial Officer from 1998 through 2006 and as its Controller from 1990 through 1998. From 1983 through 1990, Mr. Giardina was an auditor with the national public accounting firm of Laventhol & Horwath. Mr. Giardina is a certified public accountant and is Series 27 registered. Mr. Giardina earned his Bachelor of Business Administration degree from Pace University in 1983.


Mr. Zurkow, has been a Managing Director and Head of Corporate Finance at Britton Hill Capital, a division of Further Lane Securities, since 2011. Mr. Zurkow held a number of senior positions in investment banking (Technology), sales and trading, and proprietary investment at UBS, PaineWebber (acquired by UBS), Wertheim Schroder, and Investec from 1986 through 2003. Before that, from 1978-86, Mr. Zurkow was a corporate attorney and litigator at Skadden, Arps, Slate Meagher & Flom. More recently, before joining Britton Hill, Mr. Zurkow was primarily involved as an advisor to and principal in a number of closely held, venture stage technology-related companies.

"I am pleased to welcome Salvatore and Peter to our Board," said Mark Goldwasser, Chief Executive Officer. "Both Salvatore and Peter have extensive backgrounds in the financial services industry and with their experience will help lead the Company to continue to strategically grow and further develop our operational strategy."

"National continues to grow and take advantage of the many strategic opportunities that currently exist in the financial services industry, including the ability to expand and enhance its presence in retail and institutional brokerage, corporate finance and investment advisory services; Salvatore and Peter will be valuable additions to our Board to further support National's growth," said Robert Fagenson, Co-Chairman.

About National Holdings Corporation

With anticipated annual revenues of approximately $120 million for the fiscal year 2012 and over 1,000 independent advisors, brokers, traders, sales associates and support personnel, the Company is a leading Independent Advisor and Broker services company. As the migration of financial advisors from traditional wire houses, such as Merrill Lynch and Morgan Stanley (NYS: MS) to Independent Advisors and Brokers, such as the Company and LPL Financial (NAS: LPLA) accelerates, the Company's open architecture, high pay-out percentage, top tier compliance, supervision and operations are attractive to those advisors and brokers who want their independence but also want the support and product offerings of a larger firm.

National Holdings Corporation is a holding company for National Securities Corporation, vFinance Investments, Inc., EquityStation, Inc., National Asset Management, Inc., and National Insurance Corporation. National Securities, vFinance and EquityStation are broker-dealers registered with the Securities and Exchange Commission ("SEC"), and members of FINRA and SIPC. National Securities and vFinance are also members of the NFA. National Asset Management is a federally-registered investment advisor. National Insurance provides a full array of fixed insurance products to its clients. For more information, please visit our website at www.nhldcorp.com.

Safe Harbor Statements

This release contains forward-looking statements within the meaning of the federal securities laws. The forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Information on significant potential risks and uncertainties that may also cause differences includes, but is not limited to, those mentioned by National Holdings from time to time in their filings with the SEC. The words "may," "will," "believe," "estimate," "expect," "plan," "intend," "project," "anticipate," "could," "would," "should," "seek," "continue," "pursue" and similar expressions and variations thereof identify certain of such forward-looking statements, which speak only as of the dates on which they were made. National Holdings undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may be disclosed from time to time in our SEC filings or otherwise, including the factors discussed in Item 1A, Risk Factors, of our Annual Report on Form 10-K and in or periodic reports on Form 10-Q, and, therefore, readers should not place undue reliance on these forward-looking statements.



National Holdings Corporation
Mark Goldwasser, 212-417-8210
Chief Executive Officer
or
Robert Fagenson, 212-847-3200
Executive Co-Chairman

KEYWORDS:   United States  North America  Florida  New York

INDUSTRY KEYWORDS:

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