IGEX Signed Introducing Broker Agreement with Marketing and Sales Distribution Company in the Singapore
16 Março 2015 - 4:30PM
eTeligis
JAKARTA(Eteligis Inc.)
JAKARTA, Indonesia, via ETELIGIS INC., 03/16/2015 - - Indo
Global Exchange (the "Company") (OTC Pink: IGEX) (PINKSHEETS:
IGEX), announced today it has signed an Introducing Broker
Agreement with Yellow Octopus, a marketing and sales distribution
company based in the Singapore with access to China, Indonesia and
Malaysia. The Company will start marketing IGEX SuperTrader to its
partners April 2015.
John O'Shea, IGEX CEO, said, "Entry into the Singapore, China,
Indonesia and Malaysia is ahead of our schedule and will add
greatly to our bottom line with little to no overhead cost due to
the Introducing Broker Agreement with Yellow Octopus Singapore.
Yellow Octopus will be responsible for all marketing and associated
cost to establish networks and develop a client list."
As part of the agreement Yellow Octopus performance is linked to
IGEX shares. For every $500,000 of funds under management IGEX will
issue 500,000 IGEX shares up to 26,000,000 shares. Once the targets
are reached this would represent over $520,000 per month in
recurring revenue to IGEX. Also added to the agreement is a list of
large and established broker companies that Yellow Octopus has
highlights as strategic partners and will be introduced to IGEX
SuperTrader.
- CLSA Asia-Pacific Markets
- Shenyin & Wanguo Securities Co., Ltd.
- Haitong International Securities Group Limited
- CITIC Securities Brokerage (HK) Limited
- CLSA Asia-Pacific Markets
- Shenyin & Wanguo Securities Co., Ltd.
- Haitong International Securities Group Limited
- CITIC Securities Brokerage (HK) Limited
Mr. O'Shea said, "IGEX's focus moving forward is to capitalize
on Indonesia, Singapore, Malaysia and other emerging markets
growing middle class through its retail trading and financial
service offerings, and to deliver both trading and other financial
solutions to future business-to-business clients that are currently
not available in the local market."
Mr. O'Shea continued, "With our expanded product offerings, IGEX
has positioned itself to take advantage of the opportunities that
Indonesia, Malaysia, China and Singapore growing economy
represents. Furthermore, our confidence going into the 1st half of
2015 has only increased with indices showing continuing strong
growth in the Indonesian economy. We are ideally positioned in the
market, similar to where companies like E-TRADE Financial
Corporation, Charles Schwab, and TD Ameritrade Holding Corporation
were a couple decades ago."
About IGEX
Indo Global Exchange (IGEX) is at the forefront of the emerging
financial markets service sector, partnering with noteworthy
licensed suppliers of sophisticated global trading platforms in
Equities, CFDs, Derivatives, Commodities, Energies, Foreign
Exchange and Options. IGEX's local knowledge coupled with
world-class partners gives clients security and 100% transparency,
which is critical for entry into this large and relatively untapped
Pacific Rim marketplace. For more information about IGEX's
business, mission and strategic partners, visit: www.igex.com.
Demographic trends show the size of the opportunity. There are
currently about 74 million in Indonesia, and this number will
double by 2020, to roughly 141 million people. During that period,
some 8 million to 9 million people will enter the middle class each
year. To capture the opportunity, IGEX gains understanding of the
country's demographic and regional trends, and develops the right
product mix and go-to-market strategy.
About IGEX SuperTrader
A cutting-edge investment platform that allows investors to
replicate risk-rated trading strategies within their own portfolio.
Visit: https://supertrader.igex.com.
Notice Regarding Forward-Looking Statements
This news release contains forward-looking statements, which
reflect our views with respect to future events and financial
performance. These forward-looking statements are subject to
certain uncertainties and other factors that could cause actual
results to differ materially from such statements. Readers are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date the statement was made.
We undertake no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise. Investors should consult all of the information set
forth herein and should also refer to the risk factors disclosure
outlined in the reports and other documents we file with the SEC,
available at www.sec.gov.
CONTACT:
John O'Shea
CEO & President
John.Oshea@IGEX.com
SOURCE: Indo Global Exchanges
Pte Ltd
Associated Documentation:
http://www.eteligis.com/ViewSubmission.aspx?submissionRequest=28160
- Link to submission on http://www.eteligis.com
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