Kirlin Holding Corp. is a holding company engaged in securities brokerage, securities trading and investment and merchant banking through its wholly owned operating subsidiary, Kirlin Securities, Inc. Kirlin Securities is registered as a broker-dealer with the Securities and Exchange Commission and is a member of the National Association of Securities Dealers, Inc. and the Securities Investor Protection Corporation. Kirlin is a full-service retail-oriented brokerage firm, specializing in the trading and sale of both equity and fixed income securities, including mutual funds. As of March 21, 2003, Kirlin Securities maintained over 15,000 active customer accounts, which held over $700 million in assets. Kirlin Securities is licensed to conduct activities as a broker-dealer in Puerto Rico, the District of Columbia and in 49 states.