Asia PR News

JERSEY CITY, N.J., June 29 /PRNewswire-AsiaNet/ –

Hudson Holding Corporation (OTC Bulletin Board: HDHL.OB) today announced
that it is filing its results for the fiscal year ended March 31, 2006 with the
Securities and Exchange Commission, concurrent with this announcement.
Earnings per share were $0.04 for fiscal 2006, double the $0.02 generated
during fiscal 2005.

While the fiscal 2006 revenues declined slightly to $20.2 million, from
$21.2 million in fiscal 2005, fourth quarter 2006 revenues of $7.4 million
increased substantially as compared to the previous six quarters, which ranged
from $4 million to $5.4 million. Net income for fiscal 2006 was $784 thousand
compared to fiscal 2005 net income of $448 thousand. Additional financial
details are available in the Company’s Form 10-KSB.

"The fourth quarter was marked by a surge in trading activity, which
benefited our full year results," said Marty Cunningham, Hudson’s Chairman and
Chief Executive Officer. "Our goal is to continue to grow our market maker
revenue base and expand into complementary businesses, but in a controlled and
cost conscious manner," Mr. Cunningham continued.

Hudson Holding Corporation is a holding company and is the parent of Hudson
Securities, Inc., a registered broker-dealer under the Securities Exchange Act
of 1934 and a member of the National Association of Securities Dealers, Inc.
(the "NASD"). Hudson Securities, Inc. meets the liquidity needs of brokers,
dealers, institutions, and asset managers by making markets in over 7,000
Nasdaq and non-Nasdaq OTC securities, with particular expertise in trading
Nasdaq SmallCap, OTC Bulletin Board, and Pink Sheet securities.

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.

Contacts:

Martin C. Cunningham Keith R. Knox
Chairman & CEO President
201-216-0100 201-216-0100

SOURCE: Hudson Holding Corporation

CONTACT: Martin C. Cunningham,
Chairman & CEO,
+1-201-216-0100,

Keith R. Knox,
President,
+1-201-216-0100,

both of Hudson Holding Corporation
(HDHL)