National Holdings Corp. Chief Executive Officer Featured On CNBC's "Closing Bell"

Business Wire, Oct 21, 2008

Discusses Investment Opportunities In Uncertain Market

NEW YORK -- Mark Goldwasser, Chairman and Chief Executive Officer of National Holdings Corporation (OTCBB:NHLD), a full service investment banking company operating through its wholly owned subsidiaries, was a featured guest on CNBC's "Closing Bell" with Maria Bartiromo on Friday, October 17, 2008.

Asked during the segment about his perspective on whether there are investment opportunities in this volatile market, Goldwasser responded, "Absolutely. The Chinese word for crisis has two meanings. One of them is danger; the other is opportunity. Obviously you have to be very cautiousO but depending on your risk profile, there are incredible opportunities. There's tremendous value in being in old-fashioned equities and securities that give you liquidity. If you need it, you sell it. Otherwise, buy it and hold onto it if you can."

The CNBC segment, entitled "Time to Start Buying?", which included financial experts discussing the current trading environment, can be viewed online at: http://www.cnbc.com/id/15840232?video=894037835.

"Mark's recent appearance on CNBC is a testament to his experience and the value of his analytic skills," said Leonard J. Sokolow, President and Vice Chairman of National Holdings Corporation. "We see tremendous growth opportunity in the marketplace today and are uniquely positioned, as a company, to take advantage of the paradigm shift taking place on Wall Street. National Holdings represents the individual investor, and I'm glad Mark was able to highlight the opportunities that exist for individuals looking to take advantage of today's market conditions."

About National Holdings Corporation

National Holdings Corporation is a holding company for National Securities Corporation, vFinance Investments, Inc., EquityStation, Inc., National Asset Management, Inc., and National Insurance Corporation. National Securities, vFinance and EquityStation are broker-dealers registered with the SEC, and members of FINRA and SIPC. vFinance is also a member of the NFA. The three principal lines of business of the broker-dealers are offering full service retail brokerage; providing investment banking, merger, acquisition and advisory services to micro, small and mid-cap high growth companies; and trading securities, including making markets in over 4,000 micro and small-cap stock, distributing direct market access platforms, and providing liquidity in the United States Treasury marketplace. National Asset Management is a federally-registered investment advisor. National Insurance provides a full array of fixed insurance products to its clients. For more information, please visit our websites at http://www.nationalsecurities.com and http://www.vfinance.com.

About CNBC

CNBC is the recognized world leader in business news, providing real-time financial market coverage and business information to more than 340 million homes worldwide, including more than 95 million households in the United States and Canada.

Safe Harbor Statements

Safe Harbor Statement

This release contains forward-looking statements within the meaning of the federal securities laws. The forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Information on significant potential risks and uncertainties that may also cause differences includes, but is not limited to, those mentioned by National Holdings and vFinance from time to time in their filings with the SEC. The words "may," "will," "believe," "estimate," "expect," "plan," "intend," "project," "anticipate," "could," "would," "should," "seek," "continue," "pursue" and similar expressions and variations thereof identify certain of such forward-looking statements, which speak only as of the dates on which they were made. National Holdings and vFinance undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and, therefore, readers should not place undue reliance on these forward-looking statements.

The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: the risk that the businesses will not be integrated successfully; the risk that the cost savings and any other synergies from the merger transaction may not be fully realized or may take longer to realize than expected; disruption from the transaction making it more difficult to maintain relationships with clients and employees; fluctuations in the capital markets which may impact on each of National Holdings' and vFinance's business; the risk that certain key employees may choose to leave National Holdings or vFinance in connection with the transaction. Additional factors that could cause National Holdings' and vFinance's results to differ materially from those described in the forward-looking statements can be found in the 2007 Annual Report on Form 10-K of National Holdings and 2007 Annual Report on Form 10-K of vFinance filed with the SEC and available at the SEC's website (www.sec.gov).