Fidelity Holdings, Inc. Receives Approval for Nasdaq Listing

5 October 1998

Fidelity Holdings, Inc. Receives Approval for Nasdaq Stock Market Listing

    KEW GARDENS, N.Y.--Oct. 5, 1998--Fidelity Holdings, Inc. (FDHG:OTC/BB) today announced that it has received approval from the Nasdaq Stock Market to begin trading on the Nasdaq SmallCap Market under the symbol FDHG effective October 7, 1998.
    In making the announcement, Bruce Bendell, President and Chief Executive Officer, noted, "The acceptance of Fidelity to the Nasdaq's Stock Market is an important step in the future growth of our company. By meeting the requirements for listing, we have achieved another milestone in the development of Fidelity. We believe that the move will be instrumental in generating the amount of exposure and interest our story deserves."
    Fidelity Holdings, Inc. (FDHG:OTC/bb) is a diversified holding company utilizing information and technology to target industries experiencing consolidation and/or deregulation. The Company presently operates two distinct divisions, its Automotive Division and its Division of Technology which includes a Voice Processing and Computer Telephony Division. Major Acquisition Corp., a leading consolidator of automotive dealerships in the New York area, owns and operates CHEVROLET, CHRYSLER, PLYMOUTH, DODGE, JEEP and SUBARU dealerships.
    For additional information, feel free to visit our websites at http://www.fdhg.com and http://www.majorautomotive.com.
    This press release may include certain forward looking statements about the Company that are based on management's current expectations. Actual results may differ materially as a result of any one or more of the risks identified in the Company's filings under the Securities Exchange Act of 1934.