Standard Holdings Group Announces $1.5 Million Sale
MCLEAN, VA--(MARKET WIRE)--Nov 11, 2005 -- Standard Holdings Group Ltd. (Other OTC:SNDH.PK - News) announced an agreement in principle to sell its current and potential international currency trading contracts and third-party currency trading software rights to EFEX Trading LLC for $1.5 million. Standard Holdings will retain proprietary trading rights for the software.
The amount due will be paid in cash with the first installment due immediately and the balance on a note over the course of 12 months.
This announcement may contain, in addition to historical information, certain forward-looking statements that involve risks and uncertainties. Such statements reflect management's current views and are based on certain assumptions. Actual results could differ materially from the assumptions currently anticipated.
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