SOURCE: Standard Holdings Group Ltd.

October 03, 2005 09:30 ET

Standard Holdings Group Places Software With Large Brokerage

MCLEAN, VA -- (MARKET WIRE) -- October 3, 2005 -- Standard Holdings Group Ltd., (OTC: SNDH) announced the trial placement of its international currency exchange software with one of the world's largest non-bank, U.S.-based, multinational currency dealers. The dealer commenced live trading with the system following testing and its internal review of the system's trading characteristics. The firm moved to live trading within days of the demo installation.

The amount of revenue will depend upon negotiation of a final contract, the success of the system and the customer's adherence to it. Revenue for the Company would be derived from a percentage of profits, not commissions.

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