SCOTTSDALE, Ariz., May 16, 2014 /PRNewswire/ -- Global Profit
Technologies (OTC: GLPT), developer of one of the worlds most
sophisticated, most complete, fully automated Forex trading
software platforms, called the 4X-DAT™, today announced that it has
retained Sichenzia Ross Friedman Ference LLP (SRFF) to structure
and lead $5 million round of funding
and act as our securities legal counsel.
SRFF has again been ranked the number one PIPE issuer law firm
in the nation for YTD 2014, as ranked by the industry-standard DEAL
FLOW REPORT. Since 2004, when the firm was initially ranked as the
#1 PIPE law firm nationwide, the Firm has completed approximately
500 such transactions valued at more than $3.0 billion, making it the #1 overall ranked
firm for the period.
Joseph Nemeth, Chairman &
Chief Executive Officer at Global Profit Technologies said, "After
a careful selection process, we determined that SRFF would provide
us with the best opportunity to connect with the capital markets
The firm's experience for all matters in the securities industry,
capital formation, up listing to national exchanges and
introductions to broker-dealers, private and institutional
investors, gives us confidence that we will succeed."
Andrea J. Cataneo, Partner at
SRFF, stated, "We have worked with many companies in the technology
and financial services sectors, and we understand the space,
particularly in terms of capital required for high growth
companies." She went on to say, "Global Profit Technologies is the
ideal type of company we look to represent given its
exceptional management team, distinction in the market place, and
anticipated growth in the Forex market over the next 5-10
years. We look forward to lending our expertise to the execution of
the Company's strategic growth plans."
ABOUT GLOBAL PROFIT TECHNOLOGIES: Global Profit
Technologies, Inc. [GLPT] is a publicly traded e-commerce company
within the Financial Products & Services Sector and Continuing
Education & Training segment of the financial community.
Specifically, its proprietary software applications designed to
automate in the over-the-counter foreign currency markets, are
poised to revolutionize retail trading and investment strategies as
we now know them. www.4x-dynamicautotrader.com or
www.4x-dat.com.
ABOUT SRFF: Sichenzia Ross Friedman Ference LLP is
headquartered in New York City and
offers a full range of financial and business legal service. SRFF
specializes in advising business entities on all securities matters
including public offerings, private investment in public entities
(PIPEs) deals and international reverse merger transactions. SRFF
is also nationally recognized as a leading firm for representation
of broker-dealers and securities industry professionals in SEC and
FINRA enforcement proceedings as well as securities litigation and
arbitration. The Firm is a recognized leader in PIPEs transactions
for publicly traded companies and has completed over 400 deals to
date, totaling over $2.5 billion
since 2001. SRFF maintains dedicated international corporate
practice groups and is acknowledged for legal excellence, sectoral
expertise and a strong commitment to innovation and client service.
www.srff.com
SOURCE Global Profit Technologies