TRADEX Global Financial Services, Inc., Begins Trading on OTC Market Tuesday November 14, 9:37 am ET
Merger Expected to Assist Company Growth and Worldwide Expansion
PANAMA CITY, PANAMA--(MARKET WIRE)--Nov 14, 2006 -- TRADEX Global Financial Services, Inc. (Other OTC:TDXG.PK - News), a holding company that owns TRADEX Inc., a financial services company that provides foreign investors with access to the U.S., Canadian and European financial markets announced today that it has completed its reverse merger with CreditGroup.com, Inc., and is now trading on the Over-the-Counter (OTC) Pinks Sheets market under the symbol TDXG. The merger with CreditGroup.com, Inc., allows TRADEX Global additional options and strategies to assist TRADEX Global's growth and TRADEX Inc.'s marketing expansion throughout the world and increase the access to the major financial markets for international investors and corporations. ADVERTISEMENT
TRADEX Global's business strategy and current management team is led by Chief Executive Officer, Federico Pozuelo and Chief Financial Officer, Hernan Castro, founders of TRADEX Inc. Both executives have more than 15 years of experience in trading the international markets.
"This merger will enable TRADEX to increase its investor base, develop a liquid market for our company and stock, and support our marketing expansion worldwide," commented Mr. Pozuelo. "In addition, the merger allows TRADEX to increase its offering of trading platforms and clearing relationships to broaden our access to the major financial markets of the world."
Following the merger, the company will remain incorporated in the state of Delaware under the name of TRADEX Global Financial Services, Inc., and adapt to a fiscal year ending December 31st.
About Tradex, Inc.
Tradex, Inc., a wholly owned subsidiary of TRADEX Global Financial Services, Inc. (Other OTC:TDXG.PK - News), is the company that is responsible for carrying out all the operations and marketing. Tradex, Inc. specializes in providing access to the U.S., Canadian and European financial markets for foreign or international investors and corporations using the highest trading technology and offering various trading platforms and clearing relationships.
Tradex's unique trading technology and platforms allows its clients to have the most advanced technology and direct way to trade in the U.S. Canadian and European financial markets. The Company's primary target markets are self-directed clients, institutional clients and private managed accounts. For more information on TRADEX visit www.tradex-global.com and www.tradexdirect.com.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are "forward-looking statements" are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties or other factors which may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as: the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels.
All information in this release is as of the date of this release. The Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company's expectations.
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