National Holdings Corporation (NHLD.OB)

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www.nationalsecurities.com

Headquartered in New York, New York, National Holdings Corporation (OTC: NHLD.OB) provides a range of securities brokerage & investment services to retail and institutional clientele, trading and corporate finance and investment banking services to corporations and businesses in the U.S. In November 2007, National entered into a definitive merger agreement with vFinance, Inc., a publicly traded registered broker-dealer, nearly doubling its size.

In March 2008, St. Cloud invested in National Holdings Corporation in the form of Senior Subordinated Secured Convertible Notes with Warrants. In January 2013, National Holdings was able to repay St. Cloud the Notes with capital raised from a new equity investor group.

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