Kirlin Holding - KILN- Profile

Kirlin Holding Corp. is a holding company dealing in securities brokerage, securities trading and investment, merchant banking, money management and e-commerce activities through its subsidiaries, the Kirlin Securities, Inc., the Greenleaf Management Corp. and the VentureHighway.com Inc. Kirlin is an investment advisor and registered broker-dealer with Securities and Exchange Commission and member of the National Association of Securities. The company buys and sells securities both for proprietary trading and to facilitate retail customers and other dealers. The company charges its customers commission for providing services and derives a significant portion of revenues from commissions. Investment banking revenue is primarily derived from underwriting fees, commissions and expenses and allowances in connection with underwriting activities. The company is licensed to conduct activities as a broker-dealer in the District of Columbia and in the United States and operates primarily from its headquarters in Syosset, New York as well as three branch offices located in California and New Jersey. Securities income accounted for 57% of 1999 revenues; commission income, 31%; merchant banking, 5%; investment banking, 4% and other income, 3%.