IGEX update on shareholdings and structure as of October
2015
JAKARTA, INDONESIA -- October 26th , 2015 -- InvestorsHub
NewsWire -- Indo Global Exchange Pte., LTD (the "Company")
(OTC
Pink: IGEX), a growing provider of online global markets and
trading platforms to securities and commodities.
IGEX increased the authorized shares in September 2015 on advice
from legal counsel to allow the company to raise working capital
for funding a 14C, S-1 application, audited accounts and further
website and marketing development. The increase in shares was the
preferred strategy for IGEXs.
IGEX now confirm the status of IGEXs share structure as
follows:
- Authorized Shares 2,500,000,000
- Outstanding Shares 2,387,992,931
- Restricted Shares 1,611,580,195
- Current Float 776,412,736
The increased shares are restricted shares held by management
under the rules of the US Securities and Exchange Commission. These
shares will not be issued unless it is a direct benefit to the
company and assist the companys growth strategies.
Further to the increase in shares above, IGEX can inform the
market the following Information:
- IGEX is a company founded on the ownership of a licensed
product only available to IGEX and its Partners SuperTrader. This
product is unique and market tested. IGEXs strategy is marketing
and distribution of SuperTrade product, via established Investment
Services Companys in Asia.
- IGEX has established a fast growing network of companies and
associates that are referring clients to IGEX SuperTrader.
- IGEX is a solid company embracing virtual technologies to run
operations. This has enabled IGEX to obtain operational
efficiencies, eliminating the need for high overheads.
- IGEX management have been funding the company privately which
is reflected in the accounts.
- IGEX will be booking revenues from its referral partner Yellow
Octopus in November 2015.
- IGEX is very excited about the opportunities presented to us by
Yellow Octopus who have already made contacts in Asia. Yellow
Octopus have invited IGEX management to Singapore and Hong Kong to
present to a number of their contacts in November.
John O'Shea, Managing Director would like advise the market that
updates, such as this, will be more frequent to reflect answers to
frequently asked questions to provide confidence to the market,
which includes transparency on key transactions affecting the
market.
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 platform and trading strategies known
as IGEX SuperTrader. 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.
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.