National Holdings Corporation announced a strategic reorganization of its Board of Directors and an expansion of its senior management team. As part of the reorganization and expansion, the following changes have been implemented: Michael Mullen, current Chief Executive Officer of National Holdings Corporation, has become Chairman of the Board of Directors, as well as continues to serve as Chief Executive Officer Michael E. Singer, current Director of National Holdings Corporation, has become Executive Vice Chairman of the Board of Directors and also, joins the senior management team as the Chief Strategy Officer of National Holdings Corporation Nassos Michas has joined the Corporation Board as a Director Michael S. Weiss, current Chairman of the Board of Directors of National Holdings Corporation, has retired from the National Board of Directors.