SOURCE: Standard Holdings Group Ltd.

August 23, 2005 16:13 ET

Standard Holdings Group's Austrian Customer Triples Trading

MCLEAN, VA -- (MARKET WIRE) -- August 23, 2005 -- Standard Holdings Group Ltd. (OTC: SNDH) announced that its new Austrian customer has just tripled its trading level with the Company's international currency exchange software. The customer is now trading $1.4 million with the software, a fact that may be interpreted as indicative of the customer's level of confidence in the product.

The customer is a currency-trading firm located in Graz, Austria, and the contract entitles Standard Holdings to a percentage of trading profits. The amount of revenue will depend upon the success of the system and the customer's adherence to it. Results will be reported quarterly.

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