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National Holdings Corporation Announces Richard Urbealis as CEO of Subsidiary National Insurance Corporation

^{Published on 2010-10-11 05:35:20 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--National Holdings Corporation (OTCBB:NHLD), a full service investment banking holding company, announced today the appointment of Richard Urbealis as Chief Executive Officer for its wholly owned subsidiary, National Insurance Corporation (aNICa). Urbealis will be involved in building out the insurance platform by helping NICa™s advisors and the advisors and registered representatives at NICs affiliated broker-dealers, National Securities Corporation and vFinance Investments, Inc. (collectively, the aNational Advisorsa), diversify their product/planning capabilities. He will also be responsible for the strategic business development alliance programs at NIC regarding CPA/Law firms, property and casualty firms, banks, and other business development opportunities. As part of this alliance, Urbealis will bring fifty producing agents to NIC who come with Urbealis from the Private Client Group, LLC.

"With the difficult market conditions, the timing of Rich joining the team could not be better for us"

"NIC is well on its way to its goal of becoming the premier resource for independent financial advisors, especially those ready to expand their service array and take their businesses to a new level," said Mark Goldwasser, CEO of National Holdings Corporation. aWith Richa™s experience, he will help advisors expand their planning/product capabilities to make them more competitive in todaya™s environment," continued Goldwasser.

Prior to joining National, Urbealis was managing partner of Private Client Group, LLC, which is a full service financial/estate analysis and benefits consulting firm. He has been featured on the covers of Business Week, Fortune Magazine and The Wall Street Journal. He is also the co-author of Accountants as Wealth Mangers a" the New Paradigm for Providing Financial Services, published in 2003 by Institutional Investor.

aWith the difficult market conditions, the timing of Rich joining the team could not be better for us,a said Leonard J. Sokolow, President and Vice Chairman of National Holdings Corporation. aRich has spent years helping CPAs, Attorneys, banks and other alliances build strategic relationships with financial services firms such as National,a continued Sokolow.

Urbealis will be working side by side with Alan Lipson, Chairman of NIC. aIt is great to have Rich on the team at such a critical time, together we will take the financial/estate planning and insurance services to a whole new level,a said Lipson.

About National Holdings Corporation

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 SEC, and members of FINRA and SIPC. vFinance is also a member of the NFA. The three principal lines of business of the broker-dealers are offering full service retail brokerage; providing investment banking, merger, acquisition and advisory services to micro, small and mid-cap high growth companies; and trading securities, including making markets in over 4,000 micro and small-cap stock, distributing direct market access platforms, and providing liquidity in the United States Treasury marketplace. 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 websites at [ www.nationalsecurities.com ] and [ www.vfinance.com ].