SOURCE: Principal Capital Group, Inc.

December 02, 2008 08:30 ET

Principal Capital Group, Inc. Launches Proprietary Trading Floor

BEVERLY HILLS, CA--(Marketwire - December 2, 2008) - Management of Principal Capital Group, Inc. (OTCBB: PCGI) announced today the formal launch of its proprietary trading floor in its Orange County, California, office. The floor consists of a six person trading desk, utilizing the most cutting edge research and technology available to professional traders in today's volatile markets. The floor has taken PCGI over half a year to design with a full quarter of trading and back-testing to support its equity roll-out trading strategy.

Clara Yang, MBA, Principal Capital Group Associate Trader, stated, "I have been trading stocks and commodities with a conservative, traditional approach for several years, while testing a broad array of option strategies before I joined Principal Capital Group. I am very honored to have been mentored by Michael Osborn, an extremely accomplished, seasoned trader, who has taught me how to get back to the basics of trading and allocate our trading capital according to daily market changes. I believe our combined strategies will not only 'weather the storm,' but excel in today's volatile markets."

"Our trading floor is comprised of investment professionals with a passion for being the best traders they can possibly be. Given the volatile nature of today's markets, we have realized that long term trading strategies are not the most effective way to trade our proprietary portfolio. Our proprietary trading model will enable us to timely navigate today's rough market conditions effectively and with less risk to achieve exceptional returns for our shareholders. We have gone back to the basics with our trading strategy and as the market continues to change, so will we continually evolve," stated Michael Osborn, CEO of Principal Capital Group, Inc.

Principal Capital Group, Inc. is a holding company that holds a portfolio of assets of sector-specific Business Development Company ("BDC") 40 Act funds. A BDC is a public company which elects to become subject to sections 55 through 65 of the Investment Company Act of 1940. BDC's may raise money by investing in new ventures and by issuing shares of stock which become freely-tradable and legend-free simply upon notice to the United States Securities and Exchange Commission ("SEC").

PCGI has the following web site: http://www.principalcapitalgroup.com. Interested parties may get up-to-date corporate information and shareholder information at this site.

Forward Looking Statement to follow:

Certain statements contained herein are "forward-looking'' statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to, those discussed in filings made by the Company with the Securities and Exchange Commission.

Contact Information

  • CONTACT:
    Principal Capital Group, Inc.
    Sean Morrissey
    Counsel, Banking Division
    800.881.3321
    Email Contact