Hudson Holding Corporation Announces up to 1 Million Dollar Share Repurchase Authorization

JERSEY CITY, N.J., Dec. 1 /PRNewswire-FirstCall/ -- Hudson Holding Corporation (OTCBulletinBoard: HDHL) today announced that its Board of Directors authorized the repurchase of up to $1 million of the company's outstanding common shares. The repurchase plan is designed to increase shareholder value and reduce the dilutive effect of Hudson's equity compensation programs.

"Based on current market prices, we believe that our stock is undervalued and that the repurchase program is a good investment of available funds," said Keith Knox, the company's president.

The stock repurchase authorization does not have an expiration date and the pace of repurchase activity will depend on factors such as levels of cash generation from operations, cash requirements for acquisitions, current stock price, and other factors. The funding for the repurchase will come from operations or existing working capital. Hudson may repurchase shares from time to time on the open market or in private transactions, including structured transactions. The stock repurchase program will be subject to certain volume, price and time restrictions in an effort to minimize the impact of the purchases upon the market for the common stock and may be modified or discontinued at any time.

Hudson Holding Corporation is a holding company and is the parent of Hudson Securities, Inc. and Hudson Technologies Inc. Hudson Securities is a registered broker-dealer under the Securities Exchange Act of 1934, a member of the Financial Industry Regulatory Authority ("FINRA") and meets the liquidity needs of brokers, dealers, institutions, and asset managers, including by making markets in over 9,000 Nasdaq, non-Nasdaq OTC, listed and foreign securities, with particular expertise in trading mid cap, small cap, and micro cap stocks. Hudson Technologies provides technology services to Hudson Securities and client companies.

This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any securities, nor shall there be any sale of the securities in any jurisdiction in which such offering would be unlawful.

Certain statements contained herein constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations, estimates and projections about the Company's industry, management's beliefs and certain assumptions made by management. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Because such statements involve risks and uncertainties, the actual results and performance of the Company may differ materially from the results expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Unless otherwise required by law, the Company also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here; however, readers should review carefully reports or documents the Company files periodically with the Securities and Exchange Commission.

    CONTACT:
    Keith Knox
    Hudson Holding Corporation
    +1-201-680-7389