Securities Listed on OTC – 2nd 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     50.9%
Limit orders as percentage of total non-directed orders      48.1%
Other orders as percentage of total non-directed orders      1.0%

Venues receiving significant percentage of total non-directed orders:

Knight Securities                                            100.0%

Information Concerning significant Venues:

Knight Securities

Type of Orders Routed to Venue:

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