Securities Listed on OTC
J.D. Seibert & Co., Inc. – 1^st Quarter 2005

Summary Statistics:

Non-directed orders as percentage of total customer orders   100.0%
Market orders as percentage of total non-directed orders     57.4%
Limit orders as percentage of total non-directed orders      39.0%
Other orders as percentage of total non-directed orders      3.5%

Venues receiving significant percentage of total non-directed orders:

Knight Securities                                            98.1%
Charles Schwab                                               1.9%

Information Concerning significant Venues:

Knight Securities

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders             96.3%
Market orders as percentage of total market orders           99.2%
Other orders as percentage of total other orders             100.0%


Charles Schwab

Type of Orders Routed to Venue:

Limit orders as percentage of total limit orders             3.7%
Market orders as percentage of total market orders           0.8%