JAKARTA, INDONESIA — (Marketwired) — 09/16/13 — (OTCQB: IGEX) (“IGEX,” or the “Company”), an early entrant into the Indonesian financial market services sector, is pleased to announce and welcome the appointment of Mr. Dermot Michael Monaghan to its Board of Directors.
Mr. Monaghan most recently (2008-2010) served as Marketing and Sales Director at the Royal Bank of Canada overseeing activities in futures, options and base metals through the management of the Futures Sales group with responsibility for developing and maintaining execution and clearing relationships for RBC Capital Markets. Prior to this (2003-2007) he was the founding Director of PT Masuka, a property management and developer in Bali, Indonesia, and previously (1997-2002) was Director and Global Head of Asian Equity Trading at ABN AMRO (SECS) Asia, Hong Kong. Between 1996 and 1997 he was a Director, partner and head of Asian Equity Trading at NAVA, Standard Chartered Securities, Hong Kong, and from 1986 to 1996 was Director of Trading and a board member at ING Baring Securities. Previous duties included Director of Trading (New York) at Cresvale Securities as head of Japanese and North American convertible bond trading, and he began his career as a junior exchange floor trader, trainee analyst and was promoted to specializing in OTC HK, Singapore and US equities at Akroyd and Smithers (now UBS). Mr. Monaghan currently resides in Indonesia and was educated at 1977-1980 Staffordshire College of Further Education (1977-1980), Bishton Hall Preparatory School, and Ampleforth College, Yorkshire, UK. He is further professionally qualified on the London Stock Exchange NYSE/NASD Series 7, 17, 63 and 24, Singapore Module 1B, 5 & 6.
IGEX President and CEO Mr. John O-Shea states, “Dermot brings extensive and in-depth insight into the operations, sales and marketing of financial products in the Asian marketplace. We are extremely gratified and pleased that he has elected to accept our offer to sit on our Board. We are certain his experience, wisdom and knowledge will aid us immensely as we move ahead in the development of both our business and shareholder value.”
Additional details of the Company-s business, finances, appointments and agreements can be found as part of the Company-s continuous public disclosure as a reporting issuer with the Securities and Exchange Commission (“SEC”) available at .
(OTCQB: IGEX)
With the virtually untapped Indonesian population of over 240,000,000 individuals as its initial market focus, IGEX is positioning itself at the forefront of the financial market service sector through the support of partner relationships with noteworthy licensed suppliers of sophisticated global trading platforms in Equities, CFDs, Derivatives, Commodities, Energies, Foreign Exchange and Options. IGEXs world-class partners offer clients security and 100% transparency, which is critical for entry into this vast and virtually untapped Pacific Rim marketplace. To date, this market is significantly underserviced as only a limited number of Indonesian banks offer online trading, and local brokers only offer Indonesian stocks. For more information about our business, mission and strategic partners visit: .
This news release contains “forward-looking statements.” Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, references to brand identity and market positioning, partner relationships, products offered, the potential success of its business model and adoption of any products and services. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with developing a new business and operating as a development stage company, our ability to raise the additional funding we will need to continue to pursue our business and development plans, potential competition in the industry in which we operate and market conditions. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements, except as required by applicable law, including the securities laws of the United States. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. 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 .
On Behalf of the Board,
John F. O-Shea, President & CEO
Indo Global Exchange(s) Pte, Ltd. (IGEX)
IGEX Investor Relations
Phone: + (011) 62 812 1318 37444
Email:
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