IGEX update on shareholdings and structure as of October 2015

 

 

IGEX update on shareholdings and structure as of October 2015

JAKARTA, INDONESIA -- October 26th , 2015 -- InvestorsHub NewsWire -- Indo Global Exchange Pte., LTD (the "Company") (OTC Pink: IGEX), a growing provider of online global markets and trading platforms to securities and commodities.

IGEX increased the authorized shares in September 2015 on advice from legal counsel to allow the company to raise working capital for funding a 14C, S-1 application, audited accounts and further website and marketing development. The increase in shares was the preferred strategy for IGEXs.

 

IGEX now confirm the status of IGEXs share structure as follows:

 

• Authorized Shares    2,500,000,000
• Outstanding Shares  2,387,992,931
• Restricted Shares  1,611,580,195
• Current Float   776,412,736

 

The increased shares are restricted shares held by management under the rules of the US Securities and Exchange Commission. These shares will not be issued unless it is a direct benefit to the company and assist the companys growth strategies.

 

Further to the increase in shares above, IGEX can inform the market the following Information:

 

• IGEX is a company founded on the ownership of a licensed product only available to IGEX and its Partners SuperTrader. This product is unique and market tested. IGEXs strategy is marketing and distribution of SuperTrade product, via established Investment Services Companys in Asia.
• IGEX has established a fast growing network of companies and associates that are referring clients to IGEX SuperTrader.
• IGEX is a solid company embracing virtual technologies to run operations. This has enabled IGEX to obtain operational efficiencies, eliminating the need for high overheads.
• IGEX management have been funding the company privately which is reflected in the accounts.
• IGEX will be booking revenues from its referral partner Yellow Octopus in November 2015.
• IGEX is very excited about the opportunities presented to us by Yellow Octopus who have already made contacts in Asia. Yellow Octopus have invited IGEX management to Singapore and Hong Kong to present to a number of their contacts in November.

John O'Shea, Managing Director would like advise the market that updates, such as this, will be more frequent to reflect answers to frequently asked questions to provide confidence to the market, which includes transparency on key transactions affecting the market.

About IGEX

Indo Global Exchange (IGEX) is at the forefront of the emerging financial markets service sector, partnering with noteworthy licensed suppliers of sophisticated global trading platform and trading strategies known as IGEX SuperTrader. IGEX's local knowledge coupled with world class partners gives clients security and 100% transparency, which is critical for entry into this large and relatively untapped Pacific Rim marketplace. For more information about IGEX's business, mission and strategic partners, visit: www.igex.com.

Notice Regarding Forward-Looking Statements

This news release contains forward-looking statements, which reflect our views with respect to future events and financial performance. These forward-looking statements are subject to certain uncertainties and other factors that could cause actual results to differ materially from such statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in the reports and other documents we file with the SEC, available at www.sec.gov.