Indo Global Exchanges Pte Ltd (IGEX)

[thenewcortez]

IGEX, I live in the philippines, this is what they are supposedly doing here...............NOT

IGEX Corporate Business Update
IGEX Signed Introducing Broker Agreement With Marketing and Sales Distribution Company in the Philippines
JAKARTA, INDONESIA--(Marketwired - February 26, 2015) - International Global Exchange (OTC PINK: IGEX) (the "Company") announced today it has signed an Introducing Broker Agreement with Todo Hakot, a marketing and sales distribution company in the Philippines. The Company will start marketing in the Philippines to high net worth individuals as early as April 2015.
John O'Shea, IGEX CEO, said, "Entry into the Philippines 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 Todo Hakot Philippines. Todo Hakot will be responsible for all marketing and associated cost to establish networks and develop a client list."
Todo is also required to spend $3,000 per month on market activities with the launch of their first investment seminar to be held at the prestigious Cebu Polo Resort Golf and Pony Club in early April 2015.
Mr. O'Shea said, "We are expecting 100 high net worth guests to attend the launch of IGEX in the Philippines. Philippines with a population of almost 100 million people is the 12th most populated country in the world with 90% of the population speaking English and the middle-class income growth at 19% per annum."
IGEX's focus moving forward is to capitalize on Indonesia, Philippines, 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 and Philippines 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."
"Although still in the early stages of our revenue growth, the percentage growth on a month-to-month basis has been at double digit levels and is expected to continue. We are on target and expect to become cash flow positive by the end of the 2nd quarter of 2015," Mr. O'Shea commented.
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.