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                      Web Street, Inc. News Release

     
                               CONTACT:      Investor Contact:
                                             Cheryl Schneider/Hulus Alpay
                                             Press Contact:
                                             Blake Eastman/Laura Novak
                                             Morgen-Walke Associates
FOR IMMEDIATE RELEASE                        212-850-5600
     

           WEB STREET 'CLEARS' THE WAY FOR GLOBAL EXPANSION.
                 RECEIVES FINAL REGULATORY APPROVAL
                   TO BEGIN SELF-CLEARING JULY 3
  - -Furthers Company Goal to Achieve Seamless International Trading- -

Deerfield, IL, May 15, 2000 - Web Street, Inc., parent company of Web
Street Securities, Inc., (NASDAQ: WEBS), a leading online brokerage firm,
today announced final approval from the National Association of Securities
Dealers (NASD) and the IRS to move its brokerage operations to a
self-clearing environment.  Web Street's self-clearing operations, which
will allow the company to provide expanded trade execution and financial
services to its customers, will commence on July 3rd, 2000.

Joseph J. Fox, Co-Chief Executive Officer of Web Street, commented, "We
have now received the necessary regulatory approvals for our move to
self-clearing, and have the required infrastructure and personnel in place
to effectively conduct these operations.   Our vision for Web Street is to
be a leading one-stop electronic financial service destination, and these
approvals are truly a 'win-win' situation for both our customers and our
shareholders.  We believe that our self-clearing operations will allow us
to provide the best financial products and services in the online brokerage
industry." 

Web Street's self-clearing operation will also advance the Company's plans
to provide its clients in the United States with access to international
securities trading, through its Unified Global Brokerage Accounts (UGBA)
strategy.  Web Street has already introduced trading of U.S. securities in
Europe, Hong Kong and Latin America, through its partnerships with ConSors
AG of Germany, SHKOnline of Hong Kong, CB Capitales of Chile and Landsbref,
Ltd., of Iceland.  

As a self-clearing brokerage firm, Web Street will offer its customers
several new benefits, including after-hours trading, flexible margin rates
and the Web Street Global Asset Manager.  This account will provide a
competitive rate of return on customers' free credit balances, and access
to a choice of money market funds for re-investment.  The Company's breadth
of financial service offerings will also expand with customer credit and
debit cards, in addition to automatic bill payment and free check writing
services.  

About Web Street

Web Street, Inc., based in Deerfield, Illinois provides online brokerage
services to individual investors in the United States, Europe, Asia and
Latin America, through its wholly-owned subsidiary, Web Street Securities,
Inc., which was founded in 1996.  Web Street was rated four stars by
Barron's in 1998 and 1999, as well as ranked as one of the top 3 online
brokers in March 1998 and March 1999 by SmartMoney.  Web Street offers 24
hours a day customer service, low-price commissions, and real time account
information via multiple channels - online, touch-tone telephone,
person-to-person via telephone, and face-to-face onsite through its
existing and future brick-and-mortar branches.  For more information on the
Company's products and services, visit us at www.webstreet.com or call us
at 1-800-WEBTRADE.

Cautionary Note Regarding Forward-Looking Statements

This news release includes forward-looking statements that reflect Web
Street's current expectations about its future results, performance,
prospects and opportunities.  These forward-looking statements include the
statements above regarding the expected impact of the approval of
self-clearing operations and regarding the expected benefits to the Company
of becoming self-clearing.  Web Street has tried to identify these
forward-looking statements by using words such as "may," "will," "expect,"
"anticipate," "believe," "intend," and "estimate" and other similar
expressions.  These forward-looking statements are based on information
currently available to Web Street and are subject to a number of risks,
uncertainties and other factors that could cause Web Street's actual
results, performance, prospects or opportunities in the remainder of 2000
and beyond to differ materially from those expressed in, or implied by,
these forward-looking statements.  These risks, uncertainties and other
factors include, without limitation, Web Street's ability to establish and
maintain international relationships and relationships with content
providers, intense price and other competition among companies providing
online financial services, Web Street's need to maintain and increase its
customer accounts, Web Street's ability to obtain required regulatory
approvals for and successfully implement self-clearing operations,
volatility in the securities markets, Web Street's ability to develop and
enhance its services and products, risk of system failures, and existing
and future regulations affecting the online brokerage industry  or the
Internet generally.  For further information about these and other risks,
uncertainties and factors, that could affect Web Street's future results,
performance, prospects and opportunities, please review the disclosure
included under the caption "Business-Risk Factors" in Web Street's annual
report on Form 10-K for the year ended December 31, 1999, as filed with the
Securities and Exchange Commission.  Except as required by the federal
securities laws, Web Street undertakes no obligation to publicly update or
revise any forward-looking statements, whether as a result of new
information, future events, changed circumstances or any other reason after
the date of this news release.
 
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