Trading Symbol: GFG - TSX Venture
VANCOUVER, March 8 /CNW/ - Global Financial Group (GFG) appoints Leonard
(Len) J. Schuman to its executive team. Mr. Schuman will be the new Vice
President of Global Strategies for GFG and President of egX Markets. A veteran
of the financial markets, Mr. Schuman brings to the Company a wealth of
knowledge through 30 years of global industry experience regarding the
implementation, business development and trading activities associated with
both electronic and over the counter markets for securities and derivatives.
"Mr. Schuman's vast experience in the international financial industry
and global exchange operations provides the Company with significant
advantages as we prepare to deploy our systems to launch egX Canada,"
commented Mr. Leo Chamberland, President and CEO of Global Financial Group.
"We look forward to working with Mr. Schuman to leverage the global contacts
and knowledge that he will bring to our group."
Mr. Schuman adds, "I am pleased to join this rapidly growing organization
as a member of this highly motivated team. The listing of real estate
securities and related financial instruments presents both challenges and
opportunities. I look forward to the opportunity of implementing the global
vision of egX in the commoditization of real estate."
Mr. Schuman resides in West Orange, New Jersey, USA. Previously,
Mr. Schuman worked with OMX following OMX's acquisition of the Markets
Technology Group of Computershare, where Mr. Schuman was a Senior Sales
Executive. His previous positions include President of the US operations for
the Singapore Exchange Limited (SGX America), a wholly-owned US / New York
subsidiary of SGX and Executive Director of Strategy and Business Development
for the International Petroleum Exchange of London (IPE). In both assignments,
Mr. Schuman was involved in the start-up of the US / New York operations for
the SGX and IPE. Earlier employers also include Conoco, Cargill and Clarendon
Throughout his 30 years in the financial markets, Mr. Schuman has
concentrated on increasing the growth and global aspects of business through
alliances, partnerships and sound business relationships and practices.
Mr. Schuman possesses a Bachelor of Science degree in Chemistry (cum laude,
City University of New York) and an MBA in Marketing and Finance (magna cum
laude, Fairleigh Dickinson University). He is also a member of Phi Beta Kappa
and numerous industry organizations. Mr. Schuman also served as an adjunct
Professor in the Finance Departments for both Rutgers and Fairleigh Dickinson
Universities where he developed a graduate school course in Financial Futures
About Global Financial Group
Global Financial Group, through its wholly owned subsidiary egX Markets
Inc., is developing the egX, a global securities exchange system designed for
the listing and trading of real estate securities. The Company's goal is to
provide investors with a regulated, transparent and liquid marketplace for
real estate securities. The Company intends to launch its first marketplace in
Canada under egX Canada, a wholly owned subsidiary of GFG. Following the
launch of egX in Canada, GFG intends to develop its model internationally,
creating a global market for real estate securities.
On behalf of the Board of Directors
Leo Chamberland, Director
The TSX Venture Exchange has neither approved nor disapproved the
information contained herein.
For further information:
For further information: you may contact the Company at (604) 681-7210,
visit the website at www.investment.com, or review the most recent Annual
Information Form filed on SEDAR (www.sedar.com); We also invite you to read
the Company's business plan available on the front page of our website