Eurotex Finanz Inc.

May 19, 2011 15:51 ET

Eurotex Finanz Inc. Allows Voluntary Delisting of Its Shares

TORTOLA, BRITISH VIRGIN ISLANDS--(Marketwire - May 19, 2011) - Eurotex Finanz Inc., a financial services company headquartered in the British Virgin Islands - www.eurotexfinanz.com, is pleased to announce that it has delisted its shares from the Frankfurt Stock Exchange as of May 19, 2011.

Eurotex says that the decision to delist was based on the following factors:

  • The low volume of shares traded on the exchange. In the time since Eurotex listed in 2010, the overall volume has not improved and shows no indication of improvement for the future.

  • It was difficult for our investors to buy and sell securities from their respective countries because of a lack of domestic brokers with international trade desks.

  • Recent technological and regulatory developments stand to cost the company a substantial amount of money each year to stay listed, with only minor foreseeable gains.

  • Maintaining a listing comes with real costs, both monetary and in valuable time spent. Concentrating on business growth and development is in line with Eurotex's ongoing focus on cost efficiency which we feel will strengthen our company and ultimately build real value.

If you are interested in buying or selling Eurotex shares, please contact our office at info@eurotexfinanz.com.

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