IGEX Investment Update www.igex.com Investment, FX, Tarding, Managed Funds
IGEX Signed Introducing Broker Agreement with Marketing and Sales Distribution Company in the Philippines.
- (1888PressRelease) March 05, 2015 - Jakarta, Indonesia - International Global Exchange (OTC: IGEX) (the "Company") announced today it has signed an Introducing Broker Agreement with Todo Hakot, a marketing and sales distribution company in the Philippines. The Company will start marketing in the Philippines to high net worth individuals as early as April 2015.
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John O'Shea, IGEX CEO, said, "Entry into the Philippines is ahead of our schedule and will add greatly to our bottom line with little to no overhead cost due to the Introducing Broker Agreement with Todo Hakot Philippines. Todo Hakot will be responsible for all marketing and associated cost to establish networks and develop a client list.
Todo is also required to spend $3,000 per month on market activities with the launch of their first investment seminar to be held at the prestigious Cebu Polo Resort Golf and Pony Club in early April 2015.
Mr. O'Shea said, "We are expecting 100 high net worth guests to attend the launch of IGEX in the Philippines. Philippines with a population of almost 100 million people is the 12th most populated country in the world with 90% of the population speaking English and the middle-class income growth at 19% per annum."
IGEX's focus moving forward is to capitalize on Indonesia, Philippines, Malaysia and other emerging markets growing middle class through its retail trading and financial service offerings, and to deliver both trading and other financial solutions to future business-to-business clients that are currently not available in the local market.
Mr. O'Shea continued, "With our expanded product offerings, IGEX has positioned itself to take advantage of the opportunities that Indonesia and Philippines growing economy represents. Furthermore, our confidence going into the 1st half of 2015 has only increased with indices showing continuing strong growth in the Indonesian economy. We are ideally positioned in the market, similar to where companies like E-TRADE Financial Corporation, Charles Schwab, and TD Ameritrade Holding Corporation were a couple decades ago."
"Although still in the early stages of our revenue growth, the percentage growth on a month-to-month basis has been at double digit levels and is expected."
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