SymbolPriceChangeFXIT.OB0.090.00
NEW YORK–(BUSINESS WIRE)–
Forex
International Trading Corp. (the “Company”) (OTCBB:FXIT.ob – News), announces
conference call to discuss Financials and Business outlook.
The Company will host a conference
call today to discuss its second quarter financials for fiscal 2011,
as well as the Company’s business outlook for the remainder of the year.
The call will take place after the close of the market on Tuesday August
30, 2011 at 4:15 p.m. (EDT) and will be open to all shareholders and
interested parties. To submit a question to be answered during the call,
please send all questions to Darren@4xint.com.
In addition, participants will be allowed to ask questions on the call
as well.
The conference
call will be conducted by President and CEO, Darren Dunckel.
This conference call will be available by dialing +1 (312) 878-3074. The
conference ID number is 555-864-886. The presentation will also be
available online at https://www3.gotomeeting.com/join/555864886.
The company reported its second quarter 2011 financial results for the
three and six months ended June 30, 2011. Total revenues for the three
months ended June 30, 2011 were $3.93 million and for the six months
ended June 30, 2011, $7.12 million. Net income for the three months
ended June 30, 2011 was $264,416 and for the six months ended June 30,
2011 a loss of $163,348.
Consolidated Quarter
Consolidated Quarter
Ended 3/31/2011
Ended 6/30/2011
UNAUDITED
UNAUDITED
Total Revenue
$3,192,465
$3,930,516
Gross Profit
$2,590,633
$3,038,965
Net Profit (Loss) before Taxes
($404,637)
$365,354
Net Profit (Loss) per share – basic
($0.01)
$0.01
About Forex International Trading Corp.
Headquartered in New York, NY, Forex International Trading Corp.
operates an offshore advanced online
trading platform for Forex markets to non U.S. residents. The
Company focuses on providing individual and institutional investors with
a platform for buying and selling currencies, precious metals and
commodity futures. The company’s platforms allow self-directed,
broker-assisted, and managed accounts. Through the platforms, customers
have access to over 20 currencies and bullion deliveries. The Foreign
Currency Market (“Forex” or “FX”) is created by the global exchange of
currencies. According to the Bank for International Settlements, the
average daily turnover, or, volume in the Global FX market in April 2010
was $4 Trillion compared to only $1.2 Trillion in 2001 (Wall Street
Journal, Sept. 1, 2010). Historically, access to the FX market was only
available to governments, commercial banks, corporations, and other
large financial institutions. The Company is now capitalizing on the
growth of online currency trading through its state of the art web-based
trading platforms.
For more information, please visit: http://www.forex-international-trading.com.
Forward-Looking Statements: This press release contains
forward-looking statements, including expected industry patterns and
other financial and business results that involve known and unknown
risks, uncertainties and other factors that may cause our actual
results, levels of activity, performance or achievements to differ
materially from results expressed or implied by this press release. Such
risk factors include, among others, whether Forex International Trading
Corp. can successfully execute its operating plan; its ability to
integrate acquired companies and technology; its ability to retain key
employees; its ability to successfully combine product offerings and
customer acceptance of combined products; general market conditions; and
whether Forex International Trading Corp. can successfully develop new
products and the degree to which these gain market acceptance. Actual
results may differ materially from those contained in the
forward-looking statements in this press release. Forex International
Trading Corp. does not undertake any obligation to update or revise
forward-looking statements to reflect changed assumptions, the
occurrence of unanticipated events or changes to future operating
results.
