GBT Technologies Inc (GTCH)

[HunterSwift]

Ok, Here is my Due Dilligence on FXIT. Hope this helps with your DD.


Forex International Trading Corp.

Founded: 2009

Ticker: OTCBB: FXIT

SEC: Fully Reporting
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001471781&owner=exclude&count=40

Address:

One Grand Central Place
60 E 42nd Street
Suite 5310
New York, NY 10165
United States

Phone:

888-333-8075 (Forex Int'l Trading Corp.)
888-429-9492 (Beam)

Email: [e-mail]

Websites:

http://www.forex-international-trading.com

http://4xint.com

http://www.beamfinancialgroup.com


Executive Members:

Darren Dunckel - Chief Executive Officer, President, Chief Financial Officer, Treasurer & Director
(LinkedIn: http://www.linkedin.com/profile/view?id=36415177)

Michael Weissman - Executive Vice President
(LinkedIn: http://www.linkedin.com/pub/michael-weissman/24/3b8/393)

Liat Franco - Secretary

Board Members:

Darren Dunckel
Stewart Reich
William Glass

Acquisitions:

2/25/2011: ForexNew York City LLC “ForexNYC” and Wheatley Asset Management LLC (50%)
2/9/2011: Nexus Capital Ltd (50%) LOI
4/12/2011: Triple 8 Limited (45%)
5/17/2011: ParagonEx Limited (51%) LOI

News:

6/17/2010: Depository Trust Company (DTC)
12/29/2010: Commences Trading on OTCBB
4/25/2011: Forex International Trading Corp. Announces Share Repurchase Program

Audio Interview:

3/7/2011: Interview with CEO Darren Dunckel (Recorded)
http://opportunistmagazine.com/audio-interview-with-forex-international-trading-corp-otcbb-fxit-name

5/25/2011: Conference Call (Transcript)
http://www.sec.gov/Archives/edgar/data/1471781/000101376211001584/ex991.htm

FXIT operates an advanced online trading platform for The Foreign Currency Market (“Forex or FX”) to non U.S. residents. Incorporated in 2009, The Company estimates non U.S. residents represent 75% of online currency trading. Management focuses on providing individual and institutional investors with a platform for buying and selling currencies, precious metals and commodity futures. This platform allows self-directed, brokerassisted, managed accounts and accumulation programs.

Through the platform, customers have access to over 20 currencies and bullion deliveries. The Forex is created by the global exchange of currencies and data suggests that it is the largest market in the world. According to the Bank for International Settlements, the average daily turnover (volume) in the Global FX market in April 2010 was $4 Trillion compared to only $1.4 Trillion in 2001(Wall Street Journal, 9/1/10) Historically, access to the Forex was only available to governments, commercial banks, corporations, and other large financial institutions. FXIT is now taking advantage of growth of online currency trading through its state-of-the-art web-based trading platform to individual investors around the world.

This platform is comprised of four main components
1) Web Front End
2) Content Management System (CMS)
3) Robust Trading Engine
4) Back Office

Combining these components enables operators to reach high levels of satisfaction and achieve maximum profits. Although the retail trading volume has experienced enormous growth over the past decade the industry still appears to be in its infancy. According to Aite Group research there are currently 110 million online traders worldwide but Aite estimates that only 1.1 million trade currencies.