KOVACK SECURITIES CHOOSES ALBRIDGE SOLUTIONS FOR CONSOLIDATED WEALTH MANAGEMENT AND PERFORMANCE REPORTING

Kovack Continues Pledge To Enable Financial Advisors

With Industry’s Best Technology Tools

Lawrenceville, NJ, February 18, 2005—Albridge Solutions (formerly StatementOne), the industry leader in enterprise financial data consolidation and performance reporting, announced today that Kovack Securities has signed an agreement to integrate Albridge Solutions’ consolidated portfolio accounting and performance reporting solution into their technology infrastructure.

Kovack Securities, Inc. is a full service, independent broker dealer headquartered in Ft. Lauderdale, Florida that provides its Registered Representatives with some of the most competitive and innovative programs available in the industry. Kovack Securities has exceeded industry standards by combining the personal attention of a small firm with the support services and state-of-the-art technology of the larger firms.

“As we continue to grow our truly independent firm, our approach is one that allows Reps & Advisors to leverage their time and resources. Our technology, on the Independent side of the Financial Services Industry, is head and shoulders above the Regional and Wirehouse firms," said Kovack 's President, Brian Kovack.

Carlo Bidone Jr., Sr. VP of Branch & Business Development, adds, "IT is where we at Kovack Securities are investing our future earnings. The demands of the independent financial advisor are growing to an extent whereby larger Regional and Wirehouse firms are neglecting to adhere to their concerns, and are not adequately satisfying their needs. In the end, advisors know what brings true value to their practice. We wish to grow the Firm with Reps that value this commitment."

"Given Kovack’s continued success in recruiting top producing advisors, we believe that Albridge Solutions was a logical fit for Kovack in helping them to provide the necessary tools to help satisfy their consolidated reporting requirements," said Greg Pacholski , President and CEO of Albridge Solutions. He added, "By having Albridge Solutions in place, Kovack is able to provide their advisors with a platform which consolidates transaction and position data from multiple product companies and outside clearing custodianships, delivering a proven platform for investment reporting."

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