Securities Listed on OTC – 4th Quarter 2002

J.D. Seibert & Co., Inc.

Summary Statistics:

Non-directed orders as percentage of total customer orders   100.0%
Market orders as percentage of total non-directed orders     65.3%
Limit orders as percentage of total non-directed orders      34.2%
Other orders as percentage of total non-directed orders      0.5%

Venues receiving significant percentage of total non-directed orders:

Knight Securities                                            89.5%
Fleet                                                        10.5%

Information Concerning significant Venues:

Knight Securities

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders             89.3%
Market orders as percentage of total market orders           89.5%
Other orders as percentage of total other orders             100.0%


Fleet

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders             10.7%
Market orders as percentage of total market orders           10.5%