SOURCE: Southern Trust Securities, Inc.
MIAMI, FL--(Marketwired - May 20, 2014) - Southern Trust Securities, Inc. (STS) (PINKSHEETS: SOHL) and AR Growth Finance Corp (ARGW) announced the asset purchase of Southern Trust Securities, Inc. Specifically, ARGW will issue three shares of ARGW common stock for each share of STS common stock.
STS's Robert Escobio commented, the company continues to execute on opportunities that are being presented to STS. We believe the asset purchase agreement will have a positive impact on shareholders and the company as a whole. The asset purchase, coupled the firm's recent announcement pertaining to the Branch Agreement with Global Strategic Investments LLC's, pending regulatory review, positions STS for growth in the future.
Frank Dunbar, President of ARGW, stated, we have taken the first steps towards growing our business. Of course, much regulatory work remains to be completed.
Orlando Medellin, Chief Executive Officer of GSI, commented, we are pleased with the asset purchase of STS by ARGW. Once all the proper regulatory reviews are completed, we believe this opens the road for greater and closer cooperation between GSI and STS.
About Southern Trust Securities, Inc. (STS) - STS is a financial services company offering securities brokerage, investment banking, asset management and private wealth management for a growing base of retail and institutional, corporate, and high-net-worth clients primarily in Latin America.
About Global Strategic Investments LLC (GSI) - GSI is a financial services company offering securities brokerage, investment banking, asset management and private wealth management for a growing base of retail and institutional, corporate, and high-net-worth clients primarily in Latin America.
About AR Growth Finance Corp. (ARGW) - AR Growth Finance Corp is a Delaware corporation established in 2007 to invest in finance related companies in the US and South America.
Forward - Looking Statements
This press release may contain statements of a forward-looking nature relating to future events. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. These statements reflect the Corporation's current beliefs, and a number of important factors could cause actual results to differ materially from those expressed in this press release. Except as otherwise required by federal securities laws, the Corporation undertakes no obligation to update or revise these forward-looking statements to reflect new events or uncertainties.