NEW YORK, Aug. 25 /CNW/ - Finotec Group, Inc. (OTCBB: FTGI) announced
that its trading volume for the month of July 2008 was US$4.9 billion, an 88%
increase over its trading volume for July 2007 which was US$2.6 billion. This
increase is attributable primarily to the opening of Finotec's office in the
heart of the financial district of London, England in January of this year.
This strategic move was a result of Finotec receiving regulatory approval from
the Financial Services Authority (FSA) in the UK to offer cross border
investment services in various European countries, from its UK office.
"We are proud to announce that, during the past year, client trading
volume has almost doubled," says Didier Essemini, Chairman of the Board and
CEO of Finotec Group, Inc. "We are confident that Finotec is well positioned
for positive growth and we hope to reach US$10 billion monthly trading volume
within the next twelve months."
Finotec Group, Inc. www.finotec.com
Finotec Group, Inc., a pioneer in online forex trading, developed an
internet-based software platform that allows clients to trade in the foreign
exchange market. In addition to offering online forex trading, Finotec also
offers online trading in indices, equities, commodities, futures and options
in one integrated user-friendly system. The Finotec online platform offers
real-time pricing and a sophisticated charting tool with over 50 easy-to-use
Cautionary Statement under "Safe Harbor" provisions of the Private
Securities Litigation Reform Act of 1995: Statements made in this fact sheet
may contain information about the Company's future business prospects. These
statements may be considered "forward looking" and are subject to risks and
uncertainties that could cause actual results that differ materially from
those set forth or implied by such forward looking statements.
For further information:
For further information: Finotec Group, Inc., Investor Relations, (212)