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Re: None

Wednesday, 05/25/2011 4:12:51 PM

Wednesday, May 25, 2011 4:12:51 PM

Post# of 22003
On May 24, 2011, Forex International Trading Corp. (the “Company”) counter signed a Letter of Intent dated May 17, 2011 (the “LOI”) with ParagonEx Limited (“Paragon”) pursuant to which Paragon agreed to sell and the Company agreed to purchase a 51% interest in Paragon in consideration of $17,595,000 to be paid by the Company in cash and shares of common stock. A portion of the consideration shall be paid to the shareholders of Paragon. The Parties did not determine yet how the consideration will be allocated.
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