SOURCE: Standard Holdings Group Ltd.

August 02, 2005 13:01 ET

Standard Holdings Group Announces Austrian Contract

MCLEAN, VA -- (MARKET WIRE) -- August 2, 2005 -- Standard Holdings Group Ltd., (OTC: SNDH) announced the signing of a contract with a multi-million dollar currency trading firm in Graz, Austria. This contract licenses the Company's international currency exchange software in exchange for a percentage of the profits derived from its use. Revenue from this contract is scheduled to commence next month.

The amount of revenue will depend upon the success of the system and the customer's adherence to it. The customer tested the system prior to signing the contract. Therefore, the Company anticipates a successful, profitable, and ongoing relationship.

This announcement may contain, in addition to historical information, certain forward-looking statements that involve risks and uncertainties. Such statements reflect management's current views and are based on certain assumptions. Actual results could differ materially from the assumptions currently anticipated.

For more information visit the Standard Holdings Group web site at http://www.standardholdingsgroup.com.

Contact Information

  • Contact:
    Standard Holdings Group Ltd.
    703-821-3999