SOURCE: Indo Global Exchange

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February 19, 2015 10:04 ET

IGEX Corporate Business Update

IGEX Announces First Month of Profit Share Revenues Commenced in February 2015 From SuperTrader; IGEX Completes Audits to Become Current in SEC Filings; IGEX Launches SuperTrader, White Label Partner of FxPro

JAKARTA, INDONESIA--(Marketwired - February 19, 2015) - International Global Exchange (OTC PINK: IGEX) (the "Company") announced today it has filed its Form 10-K for the fiscal year ended July 31, 2014 and its Form 10-Q for the period ending October 31, 2014. As a result, the Company is now current in its filings with the Securities & Exchange Commission, which are available at: www.sec.gov.

John O'Shea, IGEX CEO, commented, "The audit has taken longer than anticipated but we are pleased to have completed the process. We believe this illustrates our commitment to corporate governance and financial transparency." 

The Company also announced that IGEX has become one of FxPro's first white label partners of its FxPro SuperTrader platform. The IGEX SuperTrader provides a unique offering -- allowing 2 times leverage to all of its SuperTrader accounts. With a minimum investment of USD $10,000, clients will be offered a line of credit of USD $20,000 resulting in a total investment portfolio of USD $30,000. SuperTrader Last 3 Months of Performance fund started September 2014.

  Actual Performance Nov-14 Dec-15 Jan-15  
  Planck 10 2.3% 3.7% 6.7%  
  IGEX FxPro SuperTrader 6.9% 11.1% 20.1%  

John O'Shea, IGEX CEO, said, "In addition, clients will be offered a personalized debit card that is directly linked to their trading accounts, making it easy for deposits and withdrawals. This feature is important to our clients in the emerging markets where we operate. It's make their lives much more convenient with services they don't currently have."

IGEX's focus moving forward is to capitalize on Indonesia's, Philippines', Malaysia's and other emerging markets' growing middle class through its retail trading and financial services offering, and to deliver both trading and other financial solutions to future business-to-business clients that are currently not available in the local market.

Mr. O'Shea continued, "With our expanded product offering, IGEX has positioned itself to take advantage of the opportunities that Indonesia's growing economy represents. Furthermore, our confidence going into the 1st half of 2015 has only increased with indices showing continuing strong growth in the Indonesian economy. We are ideally positioned in the market, similar to where companies like E-TRADE Financial Corporation, Charles Schwab, and TD Ameritrade Holding Corp. were a couple decades ago." 

"Although still in the early stages of our revenue growth, the percentage growth on a month-to-month basis has been at double digit levels and is expected to continue. We are on target and expect to become cash flow positive by the end of the 2nd quarter of 2015."

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 platforms in Equities, CFDs, Derivatives, Commodities, Energies, Foreign Exchange and Options. 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.

Demographic trends show the size of the opportunity. There are currently about 74 million in Indonesia, and this number will double by 2020, to roughly 141 million people. During that period, some 8 million to 9 million people will enter the middle class each year. To capture the opportunity, IGEX gains understanding of the country's demographic and regional trends, and develops the right product mix and go-to-market strategy.

About IGEX SuperTrader
A cutting-edge investment platform that allows investors to replicate risk-rated trading strategies within their own portfolio. Visit: https://supertrader.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.

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