NEW YORK, May 29, 2012 /PRNewswire/ --
Gustavo Perrotta, Former Investment Banker with
Credit Suisse, Joins Win Global Markets Board of Directors
Win Global Markets (OTCBB: WGMI), a leading provider of online
trading of binary options, announced today that on May 17, 2012, its wholly owned subsidiary, WGM
Services Ltd., a Cyprus company,
has notified the Cyprus Securities and Exchange Commission (CySEC)
of its intention to submit an application to obtain a Cyprus
Investment Firm (CIF) license.
WGM Services Ltd. notification to CySEC complies with the
May 4, 2012 announcement by CySEC
that following a review by the European Commission on how binary
options are classified and regulated in other EU member-states and
based on the EU Acquis, CySEC has concluded that binary options
should be included in the list of financial instruments that fall
within the remit of the Investment Services and Activities and
Regulated Market Law of 2007-2009.
WGMI also announced the appointment of Mr. Gustavo Perrotta to serve as a member of WGMI's
Board of Directors. Mr. Perrotta is part of a group of investors
represented by Hamilton Ventures LLP, which has invested
$1.25M in WGMI in February 2012.
Gustavo Perrotta commented: "I am
looking forward to working with Win Global Market's experienced
management team, led by Mr. Shimon
Citron. I strongly believe the binary options industry
is at an inflection point and represents substantial growth
potential. As a director, my goals will be to empower
management, aid in its global growth plan and also to establish
clear communications with shareholders and financial partners."
Mr. Perrotta brings to the Board of Directors of WGMI, broad
investment banking experience in the financial markets, including
senior positions in Credit Suisse and audit experience with
Arthur Anderson.
About Win Global Markets, Inc.
Win Global Markets, Inc., through its wholly owned subsidiary
WGM Services Ltd., engages in the business of online trading of
binary options in a number of languages through its online websites
- http://www.eztrader.com and http://www.globaloption.com. Win
Global Markets, Inc. offers proprietary trading software and
operates 24-hours, 6 days a week.
Forward-Looking Statement
This press release contains forward-looking statements.
Forward-looking statements are based on certain factors and
assumptions including expected growth, results of operations,
performance, business prospects and opportunities. For example,
WGMI's statements about the expected growth of the binary options
business and Mr. Perrotta's expected contributions to the growth of
WGMI's binary options business, are forward-looking statements.
Investors are cautioned that all forward-looking statements involve
risks and uncertainties including, without limitation, risks
associated with WGMI's financial condition, prospects and
opportunities, legal risks associated with the binary options
trading industry and risks of governmental legislation and
regulation, risks associated with market acceptance and
technological changes, risks associated with dependence on
licensees and key licensees, risks relating to international
operations, risks associated with competition and other risks
detailed in WGMI's filings with the Securities and Exchange
Commission (the "SEC"). These risks may cause results to differ
materially from those projected in the forward-looking statements.
For a more detailed description of the risks and uncertainties
affecting WGMI, reference is made to WGMI's Annual Report on Form
10-K for the year ended December 31,
2011, which is on file with the SEC. Forward-looking
statements are given only as at the date of this press release and
WGMI disclaims any obligation to update or revise the
forward-looking statements, whether as a result of new information,
future events or otherwise, except as otherwise required by
law.
All references to "WGMI" refer to Win Global Markets, Inc. and
its consolidated subsidiaries.
Contact:
MS-IR LLC
Miri Segal - Scharia
Tel: +1-917-607-8654
E-mail: msegal@ms-ir.com
