For Immediate release
London, UK, February 19th 2012:
IQ Money Plc. and its directors are pleased to announce that shares of the company have commenced trading on the GXG Markets UK OTC on February 20th, 2011 under the trading symbol GXG: IQMO.
About IQ Money Plc.
IQMoney has developed a ground breaking financial services concept that combines on Finetrading with the power of social networking and in parallel provides a private bourse where investors, shareholder and private companies can connect, invest and trade.
At the heart of IQMoney’s value proposition is the provision of next generation financial trading arid private capital markrket platforms that harness the power of social networking and monetise revenue streams resuIting from community co-operations.
As a next generation financial services provider, the social networking component is completely integrated into the IQMoney Platform. Users will be able to find other members with similar investment profiles which may go beyond just being friends. Users can connect with other members and create secure circles of trust. These are groups of users that share a particular interest. A user can be a member of more than one circle of trust. Within each group, members are free to share information, exchange ideas about investing and finance, seek advice, or discuss opportunities etc. Business users can share and learn from other professionals, boost business visibility, and create new business contacts and opportunities.
A crucial point of difference compared to other online financial services or financial networking websites is that IQMoney allows users to compare their trading performance to other users on the platform. Disclosure of trading performance is optional but there are several important benefits to disclosing information and actively participating within the IQMoney networking communities.
During the past few years, many financial services sector online strategy experts have indicated that current financial services websites will be rendered obsolete as new technologies emerge and younger consumers have developed radically different online behaviour patterns. The general consensus now is that the next generation of digital financial services will be characterized by the following five attributes:
- Simplicity – making it easy for customers to achieve their goals.
- Ubiquity- interacting with customers wherever they want.
- Personalization – making the entire experience relevant to individual needs.
- Empowerment – enabling customers to take action by themselves.
- Reassurance – providing human help whenever it adds value.
The old financial services paradigm has failed. During last decade excessive leverage and inadequate regulation created financial institutions with unsustainable business models which were hit badly by the global financial crisis. Financial institutions have lost credibility resulting in trend of dismtermediation of banks and financial institutions.
More effective regulation will make the development of new opaque high margin financial products more difficult, with the result that financial institutions revenues will be at a lower level and cost cutting will be inevitable. Many financial institutions didn’t make adequate investment in in innovative financial technology before the financial crisis and now face enormous cuts in their technology and R&D budgets. Customers now expect more transparent and flexible financial services and cheaper products. Retail customers in particular are refusing to accept price discrimination.
This situation creates an opportunity for new online financial services providers that are able to deliver financial service products and services at significantly lower cost. IQMoney is one of these new financial.
About GXG Markets UK
GXG Markets UK, London OTC Exchange, is a dedicated UK market operation offering the full range of its market and trading solutions to SMEs within the UK.GXG Markets operates a Regulated Market that delivers an efficient and transparent trading platform specifically designed to meet the needs of small- and micro-cap companies offering “new ways” in IPO’s and Capital Markets.
About Antevorta Capital Partners
Antevorta Capital Partners is a designated corporate advisor on the GXG UK Exchange and offers one-stop financial service solutions. We have experienced professionals with the necessary skills, market exposure and know how about overseas exchange venues to assist potential clients in every aspect of the IPO process, at home and abroad.
Cautionary Note Regarding Forward-looking Statements.
Certain statements contained in this news release may constitute forward-looking information, within the meaning of UK securities laws. Forward-looking information may relate to this news release and other matters identified in the Company’s public filings, Forward-looking information and anticipated events or results and can be identified by terminology such as “may”, “will”, “could”, “should”, “expect”, “plan”, “anticipate”, “believe”, “intend”, “estimate”, “projects”, “predict”, “potential”, “continue” or other similar expressions concerning matters that are not historical facts and include, but are not limited in any manner to, those with respect to capital and operating expenditures, economic conditions, availability of sufficient financing, receipt of approvals, satisfaction of closing conditions and any and all other timing, development, operational, financial, economic, legal, regulatory and/or political factors that may influence future events or conditions. Such forward-looking statements are based on a number of material factors and assumptions, including, but not limited in any manner, those disclosed in any other public filings of the Company, and include the ultimate availability and final receipt of required approvals, sufficient working capital for development and operations, access to adequate services and supplies, availability of markets for products, commodity prices, foreign currency exchange rates, interest rates, access to capital markets and other sources of financing and associated cost of funds, availability of a qualified work force, availability of manufacturing equipment, no material changes to the tax and regulatory regime and the ultimate ability execute its business plan on economically favourable terms. While we consider these assumptions to be reasonable based on information currently available to us, they may prove to be incorrect. Actual results may vary from such forward-looking information for a variety of reasons, including but not limited to risks and uncertainties disclosed in other Company filings and other unforeseen events or circumstances. Other than as required by law, the Company does not intend, or undertake any obligation to update any forward looking information to reflect, among other things, new information or future events.
Neither the GXG Markets UK nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
For more information please go to www.antevortacapital.com.