Securities Listed on OTC – 1st Quarter 2003
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     65.2%
Limit orders as percentage of total non-directed orders      34.3%
Other orders as percentage of total non-directed orders      0.5%

Venues receiving significant percentage of total non-directed orders:

Knight Securities                                            89.4%
Fleet                                                        10.6%

Information Concerning significant Venues:

Knight Securities

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders             89.2%
Market orders as percentage of total market orders           89.4%
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             10.8%
Market orders as percentage of total market orders           10.6%