vFinance, Inc. is a holding company engaged in retail and institutional securities brokerage, investment banking and research services through its principal operating subsidiary, vFinance Investment, Inc. In 2002, the largest portion of the Companys revenues was attributable to commissions generated by its brokerage and trading activities. vFinance also derives significant revenues from its investment banking and merger and acquisition activities and management consulting activities. In support of its retail brokerage and investment banking businesses, the Company offers retail brokerage, corporate and financial institutions wholesale market making services. VFinance also operates a Website, www.vfinance.com, which is an Internet destination for entrepreneurs, owners of small and medium-sized businesses and private and institutional investors looking for capital or equity investments in high-growth companies.