IGEX Appoints Leading Online Financial Services Strategist John Sofarnos to Board
October 14 2013 - 9:00AM
Marketwired
IGEX Appoints Leading Online Financial Services Strategist John
Sofarnos to Board
JAKARTA, INDONESIA--(Marketwired - Oct 14, 2013) - Indo Global
Exchange(s) Pte., Ltd. (OTCQB: IGEX) ("IGEX," or the "Company"), a
company operating in the Asian financial services sector, today
welcomes Mr. John Sofarnos to its Board of Directors.
Mr. Sofarnos brings over 27 years of experience as an
entrepreneur, executive and strategic leader in the management,
operation and development of a number of businesses within the
online sales & marketing, finance and automotive sectors in
Australia. Most recently, he held the position of Managing &
Executive Director of Australian Stock Report (ASR) of Melbourne
(2008-2013). ASR is one of the nation's leading provider of online
financial & stock market research, education and brokerage
services to the retail sector. Mr. Sofarnos undertook the
development of a 6 year strategic business plan culminating in a
transaction that maximized shareholder value through the successful
sale of the business to a large financial services group on July
1st 2013.
Previously he was he was a director and shareholder at WorldMark
Group Pty Ltd. (Melbourne, 1999-2007) which represented a global
collection of boutique business brands supplying automotive
aftercare products and services through retail and wholesale
distribution channels with revenues exceeding $100 million
annually. As a divisional GM of WorldMark Australia, which merged
with MotorOne to form a $60 million operation, he led wholesale
operations across Australia and New Zealand. Prior to this
(1999-2003) he was COO and responsible for day-to-day operations of
all divisions of the company. Prior to 1999 he was both a
franchisee and national franchisee manager at a national
sector-leading automotive services venture. He has held a number of
board positions and was educated at Carey Baptist Grammar School
(1975 - 1980), HSC (1980) and Swinburne Institute of Technology
(1981 - 1985).
IGEX President and CEO Mr. John O'Shea states, "Timing is
everything in business, and when we were advised that John's term
under the transition agreement at ASR was coming to an end, we were
delighted by his keen interest, and ultimately extremely gratified
by his acceptance to sit on our board. His understanding of the
online financial services sector and his extraordinary breadth of
contacts across the entire Asia-Pacific region are of immense
strategic value to us, and on behalf of the Company and
shareholders, we are very pleased to welcome him to the team."
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
www.sec.gov.
About IGEX (OTCQB: IGEX) IGEX is positioning itself at the
forefront of the Asian 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. For more information
about our business, mission and strategic partners visit:
www.igex.com.
Notice Regarding Forward-Looking Statements 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. 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
www.sec.gov.
On Behalf of the
Board, John F. O'Shea, President & CEO Indo Global
Exchange(s) Pte, Ltd. (IGEX)
Contact: IGEX Investor Relations Phone: + (011) 62 812 1318
37444 Email: investors@igex.com Web: www.igex.com
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