JAKARTA, INDONESIA / CRWEPRESSRELEASE / August 11, 2015 /International Global Exchange (OTCMKTS:IGEX) is strategically positioning itself at the forefront of the emerging financial markets service sector. IGEX’s local knowledge coupled with world-class partners, gives their clients security and full transparency, all of which is critical for a successful entry into the large and relatively untapped Pacific Rim marketplace.
IGEX will shortly be issuing a 14C application with the SEC to formally inform the market of the current share structure. There have been no changes to the share structure since January 2015.
IGEX has no plans to do a reverse split or claw back of its corporate share structure. If such an event is contemplated IGEX management would go through the appropriate channels to inform shareholders and the appropriate channels before doing so.
Commenting John O’Shea, CEO, IGEX said: “As CEO I receive a number of emails asking for clarification on a number of key points that affect all shareholders. I believe it’s important for IGEX to increases its transparency of the company in guidelines with the SEC. IGEX is also working with the company auditors to make sure all financial statements are correct and true and that the auditor continues to sign off on all documents in the future. We have recently up dated the “default” status with the Office of Nevada Secretary of State and are working with agencies to rectify the XBRL filings to bring IGEX current. I will also be appointing a company shareholder contact based in the USA to allow shareholders to make direct contact. This will allow shareholders to get direct information from the company rather than relying on chat rooms or other unofficial forums.”
“The key points I want to let the market know are at there will be no reverse split and no toxic financing. Any increase in authorised shares will be on a case by case basis. We maintain a completely transparent share structure and will be updating the OTC on any changes in information.”
For more information about our business, mission and strategic partners visit: www.igex.com.
SOURCE:International Global Exchange