Wechsler Harwood Files Class Action Against Fidelity Holdings, Inc. (FDHG)

The following statement was issued today by the law firm of Wechsler Harwood Halebian & Feffer LLP:

Notice is hereby given that a class action lawsuit was filed in the United States District Court for the Eastern District of New York, on behalf of all purchasers of the common stock of Fidelity Holdings, Inc. (NASDAQ: FDHG) from November 15, 1999 through April 12, 2000 inclusive (the "Class Period").

If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact the Shareholder Relations Department at Wechsler Harwood Halebian & Feffer LLP by calling toll free, (877)935-7400 or (212)935-7400, or by contacting Ramon Pinon, IV at rpinoniv@whhf.com.

The complaint charges Fidelity Holdings and certain of its officers and directors with issuing false and misleading statements concerning the Company's financial condition.

Plaintiff seeks to recover damages on behalf of class members and is represented by the law firm of Wechsler Harwood Halebian & Feffer LLP, who has significant experience and expertise prosecuting class actions on behalf of investors and shareholders. For more information on Wechsler Harwood Halebian & Feffer LLP, please visit our website at http://www.whhf.com/.

If you are a member of the class described above, you may, not later than October 10, 2000 move the Court to serve as lead plaintiff of the class, if you so choose. In order to serve as lead plaintiff, however, you must meet certain legal requirements.

SOURCE: Wechsler Harwood Halebian & Feffer LLP

Contact: Wechsler Harwood Halebian & Feffer LLP Shareholder Relations
Department, 877-935-7400, or 212-935-7400, or Ramon Pinon, IV,
pinoniv@whhf.com

Website: http://www.whhf.com/