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Fidelity Holdings' Stock to Resume Trading Ahead of Expectations

12 January 2000

Fidelity Holdings' Common Stock to Resume Trading Ahead of Expectations At 1:30 P.M., E.S.T., Wednesday, January 12

    NEW YORK--January 12, 2000--Fidelity Holdings, Inc. today announced that trading of its common stock, having been temporarily halted since last Friday due to an inadvertent error of the independent transfer agent, will resume today at 1:30 p.m.
    Doron Cohen, President of Fidelity Holdings, said: "We are proud of the way all pulled together, working nights and throughout the weekend to enable us to resume trading ahead of schedule. Although this error was not caused by Fidelity, we appreciate the patience and support of our shareholders during this process."

The information contained in this press release, including any "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 contained herein, should be reviewed in conjunction with the Company's Annual Report on Form 10-KSB and other publicly available information regarding the Company, copies of which are available from the Company upon request. Such publicly available information sets forth many risks and uncertainties related to the Company's business and such statements, including risks and uncertainties related to that are unpredictable and outside of the influence and/or control of the Company.